529900X41C0BSLK67H70 2025-01-01 2025-12-31 529900X41C0BSLK67H70 2024-01-01 2024-12-31 529900X41C0BSLK67H70 2024-12-31 529900X41C0BSLK67H70 2023-12-31 529900X41C0BSLK67H70 2025-12-31 529900X41C0BSLK67H70 2024-12-31 ifrs-full:IssuedCapitalMember 529900X41C0BSLK67H70 2024-12-31 ifrs-full:OtherReservesMember 529900X41C0BSLK67H70 2024-12-31 ifrs-full:RetainedEarningsMember 529900X41C0BSLK67H70 2024-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 529900X41C0BSLK67H70 2024-12-31 ifrs-full:NoncontrollingInterestsMember 529900X41C0BSLK67H70 2023-12-31 ifrs-full:IssuedCapitalMember 529900X41C0BSLK67H70 2023-12-31 ifrs-full:OtherReservesMember 529900X41C0BSLK67H70 2023-12-31 ifrs-full:RetainedEarningsMember 529900X41C0BSLK67H70 2023-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 529900X41C0BSLK67H70 2023-12-31 ifrs-full:NoncontrollingInterestsMember 529900X41C0BSLK67H70 2025-01-01 2025-12-31 ifrs-full:IssuedCapitalMember 529900X41C0BSLK67H70 2025-01-01 2025-12-31 ifrs-full:OtherReservesMember 529900X41C0BSLK67H70 2025-01-01 2025-12-31 ifrs-full:RetainedEarningsMember 529900X41C0BSLK67H70 2025-01-01 2025-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 529900X41C0BSLK67H70 2025-01-01 2025-12-31 ifrs-full:NoncontrollingInterestsMember 529900X41C0BSLK67H70 2024-01-01 2024-12-31 ifrs-full:IssuedCapitalMember 529900X41C0BSLK67H70 2024-01-01 2024-12-31 ifrs-full:OtherReservesMember 529900X41C0BSLK67H70 2024-01-01 2024-12-31 ifrs-full:RetainedEarningsMember 529900X41C0BSLK67H70 2024-01-01 2024-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 529900X41C0BSLK67H70 2024-01-01 2024-12-31 ifrs-full:NoncontrollingInterestsMember 529900X41C0BSLK67H70 2025-12-31 ifrs-full:IssuedCapitalMember 529900X41C0BSLK67H70 2025-12-31 ifrs-full:OtherReservesMember 529900X41C0BSLK67H70 2025-12-31 ifrs-full:RetainedEarningsMember 529900X41C0BSLK67H70 2025-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 529900X41C0BSLK67H70 2025-12-31 ifrs-full:NoncontrollingInterestsMember iso4217:DKK iso4217:DKK xbrli:shares We connect our customers with the world and ensure flexible and efficient supply chains through storage and transport of goods by air, sea and road. 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-130000000 0 -130000000 0 0 1683000000 1683000000 0 1683000000 0 0 1533000000 1533000000 41000000 1574000000 0 0 0 0 0 0 0 3000000 3344000000 3347000000 0 3347000000 0 2000000 2078000000 2080000000 0 2080000000 0 2000000 1500000000 1502000000 0 1502000000 0 0 0 0 0 0 26000000 0 36579000000 36605000000 0 36605000000 0 0 0 0 0 0 5000000 -5000000 0 0 0 0 0 0 36000000 36000000 0 36000000 0 0 75000000 75000000 0 75000000 0 0 0 0 245000000 245000000 0 0 0 0 0 0 0 0 -228000000 -228000000 -265000000 -493000000 0 0 0 0 0 0 0 0 -89000000 -89000000 -56000000 -145000000 0 0 -20000000 -20000000 14000000 -6000000 0 2000000 543000000 545000000 -76000000 469000000 21000000 4000000 33714000000 33739000000 -27000000 33712000000 240000000 -5393000000 122567000000 117414000000 276000000 117690000000 240000000 237000000 113705000000 114182000000 321000000 114503000000 <div class="pp-class-4" id="pp-id-4316" xmlns="http://www.w3.org/1999/xhtml"><div class="w36223 h36224 pa t2 l3 wtro4 xx36225 tro6 xx36226"><p class="pp-class-164 pp-area-text"><span class="pp-class-178 pa t33 l3 ls36227">Chapter </span><span class="pp-class-178 pa t33 l36228">1</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-179 pa t36229 l3 ls25464">Basis </span><span class="pp-class-179 pa t36229 l36230 ls2367">of </span><span class="pp-class-179 pa t36231 l3 ls36232">preparation</span></p></div></div><div class="pp-class-4" id="pp-id-4317" xmlns="http://www.w3.org/1999/xhtml"><div class="w36233 h36234 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-180 pa t36235 l3 ls3123">The </span><span class="pp-class-180 pa t36235 l36236 ls3156">2025 </span><span class="pp-class-180 pa t36235 l36237 ls29878">Annual </span><span class="pp-class-180 pa t36235 l36238 ls32486">Report </span><span class="pp-class-180 pa t36235 l36239 ls3135">of </span><span class="pp-class-180 pa t36235 l36240 ls3123">DSV </span><span class="pp-class-180 pa t36235 l36241 ls6528">A/S </span><span class="pp-class-180 pa t36235 l36242 ls3135">is </span><span class="pp-class-180 pa t36235 l36243 ls36244">prepared </span><span class="pp-class-180 pa t36245 l3 ls2263">on </span><span class="pp-class-180 pa t36245 l36246 ls2313">a </span><span class="pp-class-180 pa t36245 l36247 ls2257">going </span><span class="pp-class-180 pa t36245 l36248 ls561">concern </span><span class="pp-class-180 pa t36245 l36249 ls2257">basis </span><span class="pp-class-180 pa t36245 l36250 ls2263">in </span><span class="pp-class-180 pa t36245 l11319 ls30199">accordance </span><span class="pp-class-180 pa t36245 l36251 ls2247">with </span><span class="pp-class-180 pa t36252 l3 ls13583">the </span><span class="pp-class-180 pa t36252 l36253 ls2243">IFRS </span><span class="pp-class-180 pa t36252 l36254 ls3323">Accounting </span><span class="pp-class-180 pa t36252 l36255 ls10280">Standards </span><span class="pp-class-180 pa t36252 l36256 ls2263">as </span><span class="pp-class-180 pa t36252 l36257 ls11830">issued </span><span class="pp-class-180 pa t36252 l36258 ls2263">by </span><span class="pp-class-180 pa t36252 l36259 ls2313">the </span><span class="pp-class-180 pa t36260 l3 ls3686">International </span><span class="pp-class-180 pa t36260 l36261 ls3323">Accounting </span><span class="pp-class-180 pa t36260 l36262 ls10280">Standards </span><span class="pp-class-180 pa t36260 l36263 ls3321">Board </span><span class="pp-class-180 pa t36260 l36264 ls15855">(IASB) </span><span class="pp-class-180 pa t36265 l3 ls13583">and </span><span class="pp-class-180 pa t36265 l36266 ls2263">in </span><span class="pp-class-180 pa t36265 l36267 ls30199">accordance </span><span class="pp-class-180 pa t36265 l21880 ls2243">with </span><span class="pp-class-180 pa t36265 l15336 ls2243">IFRS </span><span class="pp-class-180 pa t36265 l36268 ls3323">Accounting </span><span class="pp-class-180 pa t36265 l36269 ls30926">Stand-</span><span class="pp-class-180 pa t36270 l3 ls22161">ards </span><span class="pp-class-180 pa t36270 l36271 ls2263">as </span><span class="pp-class-180 pa t36270 l36272 ls1160">adopted </span><span class="pp-class-180 pa t36270 l9732 ls2263">by </span><span class="pp-class-180 pa t36270 l19222 ls13583">the </span><span class="pp-class-180 pa t36270 l13999 ls745">European </span><span class="pp-class-180 pa t36270 l36273 ls2257">Union </span><span class="pp-class-180 pa t36270 l36274 ls2313">and </span><span class="pp-class-180 pa t36275 l3 ls14681">further </span><span class="pp-class-180 pa t36275 l36276 ls20961">requirements </span><span class="pp-class-180 pa t36275 l36277 ls33404">for </span><span class="pp-class-180 pa t36275 l36278 ls6607">listed </span><span class="pp-class-180 pa t36275 l36279 ls7711">companies </span><span class="pp-class-180 pa t36275 l36280 ls1853">in </span><span class="pp-class-180 pa t36281 l3 ls13583">the </span><span class="pp-class-180 pa t36281 l36253 ls2259">Danish </span><span class="pp-class-180 pa t36281 l36282 ls10409">Financial </span><span class="pp-class-180 pa t36281 l1543 ls561">Statements </span><span class="pp-class-180 pa t36281 l36283 ls3316">Act. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-180 pa t36284 l3 ls13583">The </span><span class="pp-class-180 pa t36284 l36285 ls15889">consolidated </span><span class="pp-class-180 pa t36284 l28260 ls19121">financial </span><span class="pp-class-180 pa t36284 l23317 ls3323">statements </span><span class="pp-class-180 pa t36284 l36286 ls19220">are </span><span class="pp-class-180 pa t36287 l3 ls32725">presented </span><span class="pp-class-180 pa t36287 l36288 ls2263">in </span><span class="pp-class-180 pa t36287 l36289 ls2259">Danish </span><span class="pp-class-180 pa t36287 l36290 ls7491">kroner </span><span class="pp-class-180 pa t36287 l36291 ls2257">(DKK) </span><span class="pp-class-180 pa t36287 l36292 ls13583">and </span><span class="pp-class-180 pa t36287 l36293 ls1587">rounded </span><span class="pp-class-180 pa t36294 l3 ls2401">to </span><span class="pp-class-180 pa t36294 l36295 ls13583">the </span><span class="pp-class-180 pa t36294 l36296 ls15425">nearest </span><span class="pp-class-180 pa t36294 l36297 ls7717">million.</span></p></div></div><div class="pp-class-4" id="pp-id-4318" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h3623 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls4852">Introduction</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525">financial </span><span class="pp-class-166 pa t3330 l11352 ls946">statements </span><span class="pp-class-166 pa t3330 l5577">of </span><span class="pp-class-166 pa t3330 l36298" xmlns="http://www.w3.org/1999/xhtml">DSV </span><span class="pp-class-166 pa t3330 l36299 ls15430" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-166 pa t3330 l9734 ls234">comprise </span><span class="pp-class-166 pa t3330 l36300">the </span><span class="pp-class-166 pa t3330 l10067 ls1119">consolidated </span><span class="pp-class-166 pa t3330 l3425">financial </span><span class="pp-class-166 pa t3338 l3 ls946">statements </span><span class="pp-class-166 pa t3338 l9047">of </span><span class="pp-class-166 pa t3338 l28093">DSV </span><span class="pp-class-166 pa t3338 l5832 ls15430">A/S </span><span class="pp-class-166 pa t3338 l36301">and </span><span class="pp-class-166 pa t3338 l36302">its </span><span class="pp-class-166 pa t3338 l36303">subsidiaries.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3360 l3" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-166 pa t3360 l1525 ls497" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-166 pa t3360 l14734" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3360 l14735 ls826" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-166 pa t3360 l14736" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3360 l1968 ls93" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-166 pa t3360 l36304 ls497" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-166 pa t3360 l36305 ls564" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-166 pa t3360 l23885" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3360 l36306 ls1528" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-166 pa t3360 l36307" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3360 l36308" xmlns="http://www.w3.org/1999/xhtml">2025 </span><span class="pp-class-166 pa t3373 l3" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3373 l225 ls226" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-166 pa t3373 l227" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3373 l9788" xmlns="http://www.w3.org/1999/xhtml">DSV </span><span class="pp-class-166 pa t3373 l36309 ls15430" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-166 pa t3373 l32884" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-166 pa t3373 l36310" xmlns="http://www.w3.org/1999/xhtml">4 </span><span class="pp-class-166 pa t3373 l14415 ls205" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-166 pa t3373 l6885" xmlns="http://www.w3.org/1999/xhtml">2026. </span><span class="pp-class-166 pa t3373 l36311" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-166 pa t3373 l36312" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3373 l36313 ls226" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-166 pa t3373 l36314" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-166 pa t3373 l36315" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-166 pa t3682 l3 ls1428" xmlns="http://www.w3.org/1999/xhtml">submitted </span><span class="pp-class-166 pa t3682 l15587 ls135" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-166 pa t3682 l30749" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3682 l4237 ls2022" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-166 pa t3682 l23604" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3682 l36316" xmlns="http://www.w3.org/1999/xhtml">DSV </span><span class="pp-class-166 pa t3682 l36317 ls15430" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-166 pa t3682 l2145 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3682 l15148 ls1528" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-166 pa t3682 l36318" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-166 pa t3682 l19269" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3682 l36319" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3682 l36320 ls59" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-166 pa t3375 l3 ls428" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-166 pa t3375 l36321" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-166 pa t3375 l36322" xmlns="http://www.w3.org/1999/xhtml">19 </span><span class="pp-class-166 pa t3375 l19127 ls1346" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-166 pa t3375 l36323" xmlns="http://www.w3.org/1999/xhtml">2026.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3395 l3 ls11823">Material </span><span class="pp-class-170 pa t3395 l25746 ls5287">accounting </span><span class="pp-class-170 pa t3395 l36324 ls6341">policy </span><span class="pp-class-170 pa t3395 l36325 ls2605">information</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3406 l3">The </span><span class="pp-class-166 pa t3406 l1525">financial </span><span class="pp-class-166 pa t3406 l11352 ls946">statements </span><span class="pp-class-166 pa t3406 l5577 ls228">are </span><span class="pp-class-166 pa t3406 l3486 ls3238">prepared </span><span class="pp-class-166 pa t3406 l8815">under </span><span class="pp-class-166 pa t3406 l32410">the </span><span class="pp-class-166 pa t3406 l15203 ls164">historical </span><span class="pp-class-166 pa t3406 l36326 ls3490">cost </span><span class="pp-class-166 pa t3406 l36327 ls977">convention </span><span class="pp-class-166 pa t3722 l3">with </span><span class="pp-class-166 pa t3722 l3388">the </span><span class="pp-class-166 pa t3722 l5111 ls3490">exception </span><span class="pp-class-166 pa t3722 l33509">of </span><span class="pp-class-166 pa t3722 l30667 ls158">derivative </span><span class="pp-class-166 pa t3722 l36328">financial </span><span class="pp-class-166 pa t3722 l36329 ls455">instruments, </span><span class="pp-class-166 pa t3722 l22122">which </span><span class="pp-class-166 pa t3722 l10069 ls228">are </span><span class="pp-class-166 pa t3722 l36330 ls1528">measured </span><span class="pp-class-166 pa t3722 l36331">at </span><span class="pp-class-166 pa t3728 l3 ls2307">fair </span><span class="pp-class-166 pa t3728 l36332 ls239">value. </span><span class="pp-class-166 pa t3728 l36333 ls946">Non-current </span><span class="pp-class-166 pa t3728 l34104 ls4053">assets </span><span class="pp-class-166 pa t3728 l1672">held </span><span class="pp-class-166 pa t3728 l36334 ls228">for </span><span class="pp-class-166 pa t3728 l10306">sale </span><span class="pp-class-166 pa t3728 l36335 ls228">are </span><span class="pp-class-166 pa t3728 l36336 ls1528">measured </span><span class="pp-class-166 pa t3728 l16066">at </span><span class="pp-class-166 pa t3728 l36337">the </span><span class="pp-class-166 pa t3728 l36338 ls189">lower </span><span class="pp-class-166 pa t3728 l36339">of </span><span class="pp-class-166 pa t3728 l36340">their </span><span class="pp-class-166 pa t3417 l3 ls205">carrying </span><span class="pp-class-166 pa t3417 l36341">amount </span><span class="pp-class-166 pa t3417 l4946">and </span><span class="pp-class-166 pa t3417 l32354 ls2307">fair </span><span class="pp-class-166 pa t3417 l28768 ls101">value </span><span class="pp-class-166 pa t3417 l22119 ls48">less </span><span class="pp-class-166 pa t3417 l2488 ls1129">costs </span><span class="pp-class-166 pa t3417 l23477 ls135">to </span><span class="pp-class-166 pa t3417 l36342">sell. </span><span class="pp-class-166 pa t3417 l36343">The </span><span class="pp-class-166 pa t3417 l36344 ls946">accounting </span><span class="pp-class-166 pa t3417 l36345">policies </span><span class="pp-class-166 pa t3417 l36346">de-</span><span class="pp-class-166 pa t3427 l3">scribed </span><span class="pp-class-166 pa t3427 l13561">in </span><span class="pp-class-166 pa t3427 l2654">the </span><span class="pp-class-166 pa t3427 l26182 ls1115">notes </span><span class="pp-class-166 pa t3427 l36347 ls135">to </span><span class="pp-class-166 pa t3427 l6342">the </span><span class="pp-class-166 pa t3427 l36348 ls1119">consolidated </span><span class="pp-class-166 pa t3427 l36349">financial </span><span class="pp-class-166 pa t3427 l36350 ls946">statements </span><span class="pp-class-166 pa t3427 l13783 ls48">have </span><span class="pp-class-166 pa t3427 l12625">been </span><span class="pp-class-166 pa t3427 l29354">applied </span><span class="pp-class-166 pa t3439 l3 ls851">consistently </span><span class="pp-class-166 pa t3439 l36351 ls228">for </span><span class="pp-class-166 pa t3439 l36352">the </span><span class="pp-class-166 pa t3439 l36353">financial </span><span class="pp-class-166 pa t3439 l36354 ls48">year </span><span class="pp-class-166 pa t3439 l5311">and </span><span class="pp-class-166 pa t3439 l36355 ls228">for </span><span class="pp-class-166 pa t3439 l36356">the </span><span class="pp-class-166 pa t3439 l5707 ls211">comparative </span><span class="pp-class-166 pa t3439 l36357 ls856">figures.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3466 l3 ls1180">Changes </span><span class="pp-class-170 pa t3466 l11117 ls13149">in </span><span class="pp-class-170 pa t3466 l519 ls5287">accounting </span><span class="pp-class-170 pa t3466 l36358 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3471 l3">All </span><span class="pp-class-166 pa t3471 l2312">amendments </span><span class="pp-class-166 pa t3471 l36359 ls135">to </span><span class="pp-class-166 pa t3471 l31416">the </span><span class="pp-class-166 pa t3471 l12043">IFRS </span><span class="pp-class-166 pa t3471 l36360 ls946">Accounting </span><span class="pp-class-166 pa t3471 l12898 ls1346">Standards </span><span class="pp-class-166 pa t3471 l36361 ls1900">effective </span><span class="pp-class-166 pa t3471 l9548 ls228">for </span><span class="pp-class-166 pa t3471 l36362">the </span><span class="pp-class-166 pa t3471 l20722">financial </span><span class="pp-class-166 pa t3472 l3 ls48">year </span><span class="pp-class-166 pa t3472 l14491">2025 </span><span class="pp-class-166 pa t3472 l36363 ls48">have </span><span class="pp-class-166 pa t3472 l12243">been </span><span class="pp-class-166 pa t3472 l23745 ls86">implemented </span><span class="pp-class-166 pa t3472 l13021">as </span><span class="pp-class-166 pa t3472 l36364">basis </span><span class="pp-class-166 pa t3472 l34275 ls228">for </span><span class="pp-class-166 pa t3472 l36365 ls851">preparing </span><span class="pp-class-166 pa t3472 l22306">the </span><span class="pp-class-166 pa t3472 l36366 ls1119">consolidated </span><span class="pp-class-166 pa t3484 l3">financial </span><span class="pp-class-166 pa t3484 l8394 ls946">statements </span><span class="pp-class-166 pa t3484 l13207">and </span><span class="pp-class-166 pa t3484 l14672 ls1115">notes </span><span class="pp-class-166 pa t3484 l12267 ls135">to </span><span class="pp-class-166 pa t3484 l36367">the </span><span class="pp-class-166 pa t3484 l36368">financial </span><span class="pp-class-166 pa t3484 l23196 ls946">statements.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3503 l3">None </span><span class="pp-class-166 pa t3503 l36369">of </span><span class="pp-class-166 pa t3503 l4211">the </span><span class="pp-class-166 pa t3503 l16293 ls556">implementations </span><span class="pp-class-166 pa t3503 l36370 ls48">have </span><span class="pp-class-166 pa t3503 l29159">had </span><span class="pp-class-166 pa t3503 l36371">any </span><span class="pp-class-166 pa t3503 l36372 ls234">material </span><span class="pp-class-166 pa t3503 l34247 ls1636">impact </span><span class="pp-class-166 pa t3503 l36373">on </span><span class="pp-class-166 pa t3503 l36374">the </span><span class="pp-class-166 pa t3503 l36375 ls946">statements </span><span class="pp-class-166 pa t3817 l3">or </span><span class="pp-class-166 pa t3817 l21054 ls1115">notes </span><span class="pp-class-166 pa t3817 l31349 ls564">presented. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3522 l3 ls4852">Management </span><span class="pp-class-170 pa t3522 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3522 l36377 ls2257">and </span><span class="pp-class-170 pa t3522 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3532 l3">In </span><span class="pp-class-166 pa t3532 l1589 ls851">preparing </span><span class="pp-class-166 pa t3532 l26959">the </span><span class="pp-class-166 pa t3532 l15348 ls1119">consolidated </span><span class="pp-class-166 pa t3532 l27955">financial </span><span class="pp-class-166 pa t3532 l21541 ls189">statements, </span><span class="pp-class-166 pa t3532 l36379 ls205">Management </span><span class="pp-class-166 pa t3532 l36380 ls189">makes </span><span class="pp-class-166 pa t3532 l36381 ls455">various </span><span class="pp-class-166 pa t3542 l3 ls946">accounting </span><span class="pp-class-166 pa t3542 l36382">judgements </span><span class="pp-class-166 pa t3542 l36383">and </span><span class="pp-class-166 pa t3542 l30155 ls1217">estimates </span><span class="pp-class-166 pa t3542 l36384">that </span><span class="pp-class-166 pa t3542 l18876 ls2221">affect </span><span class="pp-class-166 pa t3542 l36385">the </span><span class="pp-class-166 pa t3542 l36386 ls1740">reported </span><span class="pp-class-166 pa t3542 l36387">amounts </span><span class="pp-class-166 pa t3542 l36388">and </span><span class="pp-class-166 pa t3553 l3 ls740">disclosures </span><span class="pp-class-166 pa t3553 l22489">in </span><span class="pp-class-166 pa t3553 l33911">the </span><span class="pp-class-166 pa t3553 l19862">financial </span><span class="pp-class-166 pa t3553 l36389 ls946">statements </span><span class="pp-class-166 pa t3553 l36390">and </span><span class="pp-class-166 pa t3553 l36391 ls1115">notes </span><span class="pp-class-166 pa t3553 l36392 ls135">to </span><span class="pp-class-166 pa t3553 l36393">the </span><span class="pp-class-166 pa t3553 l36394 ls189">statements. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3573 l3">The </span><span class="pp-class-166 pa t3573 l1525">financial </span><span class="pp-class-166 pa t3573 l11352 ls946">statements </span><span class="pp-class-166 pa t3573 l5577 ls189">items </span><span class="pp-class-166 pa t3573 l36395 ls228">for </span><span class="pp-class-166 pa t3573 l20708">which </span><span class="pp-class-166 pa t3573 l36396 ls226">significant </span><span class="pp-class-166 pa t3573 l36397 ls946">accounting </span><span class="pp-class-166 pa t3573 l36398">judgements </span><span class="pp-class-166 pa t3573 l36399">and </span><span class="pp-class-166 pa t3884 l3 ls1217">estimates </span><span class="pp-class-166 pa t3884 l36400 ls228">are </span><span class="pp-class-166 pa t3884 l7503">applied </span><span class="pp-class-166 pa t3884 l21415 ls228">are </span><span class="pp-class-166 pa t3884 l36401 ls2540">listed </span><span class="pp-class-166 pa t3884 l36402 ls1636">below: </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t5448 l3">• </span><span class="pp-class-166 pa t5448 l4255 ls461">Contract </span><span class="pp-class-166 pa t5448 l36403 ls4053">assets </span><span class="pp-class-166 pa t5448 l36404">and </span><span class="pp-class-166 pa t5448 l36405 ls187">accrued </span><span class="pp-class-166 pa t5448 l36406 ls3490">cost </span><span class="pp-class-166 pa t5448 l36407 ls166">of </span><span class="pp-class-166 pa t5448 l36408 ls457">services </span><span class="pp-class-166 pa t5448 l36409">(</span><span class="pp-class-171 pa t5448 l36410 ls7025">note </span><span class="pp-class-171 pa t5448 l36411 ls2275">3.4</span><span class="pp-class-166 pa t5448 l36412">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3577 l3">• </span><span class="pp-class-166 pa t3577 l4255 ls1410">Provisions </span><span class="pp-class-166 pa t3577 l36413">(</span><span class="pp-class-171 pa t3577 l36414 ls7025">note </span><span class="pp-class-171 pa t3577 l36415 ls2275">3.8</span><span class="pp-class-166 pa t3577 l36416">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3586 l3">• </span><span class="pp-class-166 pa t3586 l4255 ls228">Deferred </span><span class="pp-class-166 pa t3586 l36417 ls946">tax </span><span class="pp-class-166 pa t3586 l36418">(</span><span class="pp-class-171 pa t3586 l36419 ls7025">note </span><span class="pp-class-171 pa t3586 l36420 ls2275">5.2</span><span class="pp-class-166 pa t3586 l36421">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3596 l3">• </span><span class="pp-class-166 pa t3596 l4255 ls3342">Fair </span><span class="pp-class-166 pa t3596 l36422 ls101">value </span><span class="pp-class-166 pa t3596 l36423">of </span><span class="pp-class-166 pa t3596 l36424 ls265">acquired </span><span class="pp-class-166 pa t3596 l36425 ls234">net </span><span class="pp-class-166 pa t3596 l36426 ls4053">assets </span><span class="pp-class-166 pa t3596 l36427">(</span><span class="pp-class-171 pa t3596 l36428 ls7025">note </span><span class="pp-class-171 pa t3596 l36429 ls2275">6.1</span><span class="pp-class-166 pa t3596 l36430">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3617 l3">Additional </span><span class="pp-class-166 pa t3617 l31193">description </span><span class="pp-class-166 pa t3617 l1783">of </span><span class="pp-class-166 pa t3617 l36431">management </span><span class="pp-class-166 pa t3617 l36432">judgements </span><span class="pp-class-166 pa t3617 l26110">and </span><span class="pp-class-166 pa t3617 l14667 ls1217">estimates </span><span class="pp-class-166 pa t3617 l36433">made </span><span class="pp-class-166 pa t3617 l36434 ls228">are </span><span class="pp-class-166 pa t5487 l3 ls66">provided </span><span class="pp-class-166 pa t5487 l3022">in </span><span class="pp-class-166 pa t5487 l9077">the </span><span class="pp-class-166 pa t5487 l19127 ls1528">relevant </span><span class="pp-class-166 pa t5487 l35080 ls1115">notes.</span></p></div></div><div class="pp-class-4" id="pp-id-4319" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h3623 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t3624 l36435 ls3042">risks </span><span class="pp-class-170 pa t3624 l36436 ls13149">in </span><span class="pp-class-170 pa t3624 l36437 ls2257">the </span><span class="pp-class-170 pa t3624 l36438 ls1464">financial </span><span class="pp-class-170 pa t3624 l36439 ls3152">statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3">In </span><span class="pp-class-166 pa t3330 l1589 ls851">preparing </span><span class="pp-class-166 pa t3330 l26959">the </span><span class="pp-class-166 pa t3330 l15348 ls1119">consolidated </span><span class="pp-class-166 pa t3330 l27955">financial </span><span class="pp-class-166 pa t3330 l21541 ls189">statements, </span><span class="pp-class-166 pa t3330 l36379 ls205">Management </span><span class="pp-class-166 pa t3330 l36380 ls226">assesses </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3338 l3">how </span><span class="pp-class-166 pa t3338 l3543 ls2061">climate-related </span><span class="pp-class-166 pa t3338 l17252 ls1831">risks </span><span class="pp-class-166 pa t3338 l36440">may </span><span class="pp-class-166 pa t3338 l2546 ls2221">affect </span><span class="pp-class-166 pa t3338 l25880">the </span><span class="pp-class-166 pa t3338 l36441 ls1119">consolidated </span><span class="pp-class-166 pa t3338 l18832">financial </span><span class="pp-class-166 pa t3338 l5023 ls946">statements </span><span class="pp-class-166 pa t3348 l3">and </span><span class="pp-class-166 pa t3348 l1192">the </span><span class="pp-class-166 pa t3348 l1193 ls1528">measures </span><span class="pp-class-166 pa t3348 l36442">that </span><span class="pp-class-166 pa t3348 l12936 ls48">have </span><span class="pp-class-166 pa t3348 l36443">been, </span><span class="pp-class-166 pa t3348 l18732">or </span><span class="pp-class-166 pa t3348 l22784">will </span><span class="pp-class-166 pa t3348 l29522">be, </span><span class="pp-class-166 pa t3348 l36444">put </span><span class="pp-class-166 pa t3348 l36445">in </span><span class="pp-class-166 pa t3348 l36446 ls189">place </span><span class="pp-class-166 pa t3348 l36447 ls135">to </span><span class="pp-class-166 pa t3348 l36448 ls234">mitigate </span><span class="pp-class-166 pa t3348 l3359">them. </span><span class="pp-class-166 pa t3360 l3 ls205">Management </span><span class="pp-class-166 pa t3360 l35455 ls226">assesses </span><span class="pp-class-166 pa t3360 l21787">that </span><span class="pp-class-166 pa t3360 l36449 ls2061">climate-related </span><span class="pp-class-166 pa t3360 l13759 ls1831">risks </span><span class="pp-class-166 pa t3360 l36450">do </span><span class="pp-class-166 pa t3360 l34247 ls1528">not </span><span class="pp-class-166 pa t3360 l2977 ls48">have </span><span class="pp-class-166 pa t3360 l36451">a </span><span class="pp-class-166 pa t3360 l36452 ls226">significant </span><span class="pp-class-166 pa t3373 l3 ls1636">impact </span><span class="pp-class-166 pa t3373 l3618">on </span><span class="pp-class-166 pa t3373 l13260">the </span><span class="pp-class-166 pa t3373 l13261">2025 </span><span class="pp-class-166 pa t3373 l36453">financial </span><span class="pp-class-166 pa t3373 l433 ls189">statements. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3375 l3">While </span><span class="pp-class-166 pa t3375 l10854 ls2061">climate-related </span><span class="pp-class-166 pa t3375 l13678 ls1831">risks </span><span class="pp-class-166 pa t3375 l10227">do </span><span class="pp-class-166 pa t3375 l36454 ls1528">not </span><span class="pp-class-166 pa t3375 l10484 ls856">currently </span><span class="pp-class-166 pa t3375 l7324 ls1636">impact </span><span class="pp-class-166 pa t3375 l36455">the </span><span class="pp-class-166 pa t3375 l32597">financial </span><span class="pp-class-166 pa t3375 l36456 ls946">statements </span><span class="pp-class-166 pa t3387 l3 ls1761">significantly, </span><span class="pp-class-166 pa t3387 l10263 ls135">we </span><span class="pp-class-166 pa t3387 l21505 ls228">are </span><span class="pp-class-166 pa t3387 l1355">closely </span><span class="pp-class-166 pa t3387 l2624 ls923">monitoring </span><span class="pp-class-166 pa t3387 l36457">changes </span><span class="pp-class-166 pa t3387 l35842">and </span><span class="pp-class-166 pa t3387 l36458 ls205">developments </span><span class="pp-class-166 pa t3387 l33956">in </span><span class="pp-class-166 pa t3387 l36459">these </span><span class="pp-class-166 pa t3395 l3 ls492">risks. </span><span class="pp-class-166 pa t3395 l36460">Our </span><span class="pp-class-166 pa t3395 l36461 ls158">assessment </span><span class="pp-class-166 pa t3395 l36462">of </span><span class="pp-class-166 pa t3395 l36463 ls2061">climate-related </span><span class="pp-class-166 pa t3395 l36464 ls1831">risks </span><span class="pp-class-166 pa t3395 l36465">is </span><span class="pp-class-166 pa t3395 l36466">included </span><span class="pp-class-166 pa t3395 l36467">in </span><span class="pp-class-166 pa t3395 l36468">the </span><span class="pp-class-166 pa t3395 l36469 ls1115">notes </span><span class="pp-class-166 pa t3395 l36470 ls135">to </span><span class="pp-class-166 pa t3395 l36471">the </span><span class="pp-class-166 pa t3406 l3">financial </span><span class="pp-class-166 pa t3406 l8394 ls946">statements </span><span class="pp-class-166 pa t3406 l13207 ls267">regarding </span><span class="pp-class-166 pa t3406 l36472">the </span><span class="pp-class-166 pa t3406 l19418">financial </span><span class="pp-class-166 pa t3406 l36473 ls1122">statement </span><span class="pp-class-166 pa t3406 l36474 ls189">items </span><span class="pp-class-166 pa t3406 l7415">that </span><span class="pp-class-166 pa t3406 l36475 ls228">are </span><span class="pp-class-166 pa t3406 l36476 ls226">assessed </span><span class="pp-class-166 pa t3722 l3 ls135">to </span><span class="pp-class-166 pa t3722 l2457">be </span><span class="pp-class-166 pa t3722 l36477 ls1119">potentially </span><span class="pp-class-166 pa t3722 l5923 ls1849">exposed </span><span class="pp-class-166 pa t3722 l26883 ls135">to </span><span class="pp-class-166 pa t3722 l36478 ls2061">climate-related </span><span class="pp-class-166 pa t3722 l32222 ls1831">risks </span><span class="pp-class-166 pa t3722 l36479">in </span><span class="pp-class-166 pa t3722 l26353">the </span><span class="pp-class-166 pa t3722 l36480 ls856">future. </span><span class="pp-class-166 pa t3417 l3">These </span><span class="pp-class-166 pa t3417 l5053 ls228">are:</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3427 l3">• </span><span class="pp-class-166 pa t3427 l4255 ls166">Impairment </span><span class="pp-class-166 pa t3427 l36481 ls59">testing </span><span class="pp-class-166 pa t3427 l36482">(</span><span class="pp-class-171 pa t3427 l36483 ls7025">note </span><span class="pp-class-171 pa t3427 l36484 ls2275">3.1</span><span class="pp-class-166 pa t3427 l36485">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">• </span><span class="pp-class-166 pa t3439 l4255 ls218">Property, </span><span class="pp-class-166 pa t3439 l36486">plant </span><span class="pp-class-166 pa t3439 l36487 ls166">and </span><span class="pp-class-166 pa t3439 l36488">equipment </span><span class="pp-class-166 pa t3439 l36489">(</span><span class="pp-class-171 pa t3439 l36490 ls7025">note </span><span class="pp-class-171 pa t3439 l36491 ls2275">3.3</span><span class="pp-class-166 pa t3439 l36492">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3466 l3 ls1462">Basis </span><span class="pp-class-170 pa t3466 l36493 ls13149">of </span><span class="pp-class-170 pa t3466 l8759 ls5682">consolidation</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3471 l3">The </span><span class="pp-class-166 pa t3471 l1525 ls1119">consolidated </span><span class="pp-class-166 pa t3471 l6221">financial </span><span class="pp-class-166 pa t3471 l35456 ls946">statements </span><span class="pp-class-166 pa t3471 l8815">include </span><span class="pp-class-166 pa t3471 l36494">the </span><span class="pp-class-166 pa t3471 l26035 ls6394">Parent </span><span class="pp-class-166 pa t3471 l8949 ls461">Company </span><span class="pp-class-166 pa t3471 l36495">(DSV </span><span class="pp-class-166 pa t3471 l36496 ls22044">A/S) </span><span class="pp-class-166 pa t3472 l3">and </span><span class="pp-class-166 pa t3472 l1192">all </span><span class="pp-class-166 pa t3472 l33602">subsidiaries </span><span class="pp-class-166 pa t3472 l36497 ls48">over </span><span class="pp-class-166 pa t3472 l36498">which </span><span class="pp-class-166 pa t3472 l36499">DSV </span><span class="pp-class-166 pa t3472 l26050 ls15430">A/S </span><span class="pp-class-166 pa t3472 l36500 ls1766">exercises </span><span class="pp-class-166 pa t3472 l36501 ls265">control. </span><span class="pp-class-166 pa t3472 l3020" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3472 l36502 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3472 l36503" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3484 l3" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3484 l1913 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3484 l36504" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3484 l25186" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l5832 ls1766" xmlns="http://www.w3.org/1999/xhtml">control </span><span class="pp-class-166 pa t3484 l36505 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3484 l36506 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3484 l36507 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3484 l36508" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3484 l36509" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l36510 ls1528" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-166 pa t3484 l6348" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3484 l36511 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3493 l3" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3493 l36512" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36513 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3493 l36514 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span><span class="pp-class-166 pa t3493 l36515" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3493 l36516 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3493 l36517 ls166" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3493 l36518" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36519 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3493 l36520" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3493 l36521 ls226" xmlns="http://www.w3.org/1999/xhtml">significant </span><span class="pp-class-166 pa t3493 l36522 ls1428" xmlns="http://www.w3.org/1999/xhtml">influence </span><span class="pp-class-166 pa t3503 l3 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3503 l2357 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3503 l36523 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3503 l33941" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3503 l30024 ls977" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-166 pa t3503 l7563" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3503 l14765 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3503 l5669" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3503 l12967" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3503 l36524 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3503 l36525 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3511 l3">The </span><span class="pp-class-166 pa t3511 l1525 ls1119">consolidated </span><span class="pp-class-166 pa t3511 l6221">financial </span><span class="pp-class-166 pa t3511 l35456 ls946">statements </span><span class="pp-class-166 pa t3511 l8815 ls228">are </span><span class="pp-class-166 pa t3511 l8816 ls3238">prepared </span><span class="pp-class-166 pa t3511 l36526">based </span><span class="pp-class-166 pa t3511 l36527">on </span><span class="pp-class-166 pa t3511 l36528 ls856">uniform </span><span class="pp-class-166 pa t3511 l36529 ls614">account-</span><span class="pp-class-166 pa t3522 l3">ing </span><span class="pp-class-166 pa t3522 l2182">policies </span><span class="pp-class-166 pa t3522 l36530">in </span><span class="pp-class-166 pa t3522 l892">all </span><span class="pp-class-166 pa t3522 l13677 ls497">Group </span><span class="pp-class-166 pa t3522 l1592">entities. </span><span class="pp-class-166 pa t3522 l6019 ls158">Consolidation </span><span class="pp-class-166 pa t3522 l15452">of </span><span class="pp-class-166 pa t3522 l36531 ls497">Group </span><span class="pp-class-166 pa t3522 l6249">entities </span><span class="pp-class-166 pa t3522 l36532">is </span><span class="pp-class-166 pa t3522 l36533 ls428">performed </span><span class="pp-class-166 pa t3532 l3 ls101">after </span><span class="pp-class-166 pa t3532 l4028">elimination </span><span class="pp-class-166 pa t3532 l18910">of </span><span class="pp-class-166 pa t3532 l16140">all </span><span class="pp-class-166 pa t3532 l36309 ls614">intra-group </span><span class="pp-class-166 pa t3532 l36534 ls750">transactions, </span><span class="pp-class-166 pa t3532 l36535 ls1428">balances, </span><span class="pp-class-166 pa t3532 l36536 ls740">income </span><span class="pp-class-166 pa t3532 l36537">and </span><span class="pp-class-166 pa t3532 l36538 ls1683">expenses.</span></p></div></div><div class="pp-class-4" id="pp-id-4321" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36539 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3 ls1115">Group </span><span class="pp-class-172 pa t3624 l36540 ls1428">composition</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525 ls497">Group </span><span class="pp-class-166 pa t3330 l36541">held </span><span class="pp-class-166 pa t3330 l36542 ls921">interests </span><span class="pp-class-166 pa t3330 l36543">in </span><span class="pp-class-166 pa t3330 l12354">598 </span><span class="pp-class-166 pa t3330 l10880">entities </span><span class="pp-class-166 pa t3330 l36544">(2024: </span><span class="pp-class-166 pa t3330 l36545">428 </span><span class="pp-class-166 pa t3330 l36546">entities) </span><span class="pp-class-166 pa t3330 l36547">and </span><span class="pp-class-166 pa t3330 l36548">is </span><span class="pp-class-166 pa t3330 l36549 ls234">composed </span><span class="pp-class-166 pa t3338 l3">as </span><span class="pp-class-166 pa t3338 l2424 ls455">follows:</span></p></div></div><div id="pp-id-4322" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36550 pa t2 l3 wtro4 xx3195 tro6 xx3196"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l3 ls1498">Entities </span><span class="pp-class-170 pa t36551 l36552 ls1853">2025</span><span class="pp-class-166 pa t36553 l3">(Number)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l36554 ls189">Region</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36555 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l36557">Middle </span><span class="pp-class-166 pa t36551 l36558 ls1122">East </span><span class="pp-class-166 pa t36551 l36559">and </span><span class="pp-class-166 pa t36553 l36560 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36561 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l36562 ls2050">Asia </span><span class="pp-class-166 pa t36553 l36563 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36564 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l3">Subsidiaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36566">276</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36567">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36568">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36569">130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l28132">580</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l3">Joint </span><span class="pp-class-166 pa t36570 l36571 ls1410">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36572">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36575">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l3 ls2221">Associates</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36577">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36578">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l28210">17</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36579 l3 ls1498">Entities </span><span class="pp-class-170 pa t36579 l36552 ls1853">2024</span><span class="pp-class-166 pa t36580 l3">(Number)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36555 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36581 l36557">Middle </span><span class="pp-class-166 pa t36579 l36558 ls1122">East </span><span class="pp-class-166 pa t36579 l36559">and </span><span class="pp-class-166 pa t36580 l36560 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36561 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36579 l36562 ls2050">Asia </span><span class="pp-class-166 pa t36580 l36563 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36564 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l3">Subsidiaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36566">184</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36583">85</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36568">59</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36584">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l28132">423</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l3">Joint </span><span class="pp-class-166 pa t36585 l36571 ls1410">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36572">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36575">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l3 ls2221">Associates</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36587">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36578">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l28532">4</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4323" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h7399 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls3323">Foreign </span><span class="pp-class-170 pa t3624 l2631 ls19220">currency</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3338 l3 ls1831">Functional </span><span class="pp-class-172 pa t3338 l32292 ls59">currency</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3348 l3">A </span><span class="pp-class-166 pa t3348 l454 ls3593">functional </span><span class="pp-class-166 pa t3348 l31705 ls1849">currency </span><span class="pp-class-166 pa t3348 l36588">is </span><span class="pp-class-166 pa t3348 l1918 ls2022">determined </span><span class="pp-class-166 pa t3348 l36589 ls228">for </span><span class="pp-class-166 pa t3348 l36590 ls48">each </span><span class="pp-class-166 pa t3348 l26873 ls497">Group </span><span class="pp-class-166 pa t3348 l20002 ls428">entity. </span><span class="pp-class-166 pa t3348 l2007">The </span><span class="pp-class-166 pa t3348 l7131 ls3593">functional </span><span class="pp-class-166 pa t3360 l3 ls1849">currency </span><span class="pp-class-166 pa t3360 l36591">is </span><span class="pp-class-166 pa t3360 l35431">the </span><span class="pp-class-166 pa t3360 l13773 ls1849">currency </span><span class="pp-class-166 pa t3360 l26414">used </span><span class="pp-class-166 pa t3360 l9473">in </span><span class="pp-class-166 pa t3360 l36592">the </span><span class="pp-class-166 pa t3360 l31119 ls1915">primary </span><span class="pp-class-166 pa t3360 l21412">financial </span><span class="pp-class-166 pa t3360 l36593 ls740">environment </span><span class="pp-class-166 pa t3360 l36375">in </span><span class="pp-class-166 pa t3360 l36594">which </span><span class="pp-class-166 pa t3373 l3">the </span><span class="pp-class-166 pa t3373 l1913">individual </span><span class="pp-class-166 pa t3373 l20802 ls497">Group </span><span class="pp-class-166 pa t3373 l2151 ls1701">entity </span><span class="pp-class-166 pa t3373 l19465 ls3962">operates.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3375 l3 ls4013">Foreign </span><span class="pp-class-172 pa t3375 l8800 ls740">currency </span><span class="pp-class-172 pa t3375 l14189 ls187">translation</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3">On </span><span class="pp-class-166 pa t3387 l9340">initial </span><span class="pp-class-166 pa t3387 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3387 l36596 ls228">foreign </span><span class="pp-class-166 pa t3387 l36597 ls1849">currency </span><span class="pp-class-166 pa t3387 l30941 ls750">transactions </span><span class="pp-class-166 pa t3387 l13362 ls228">are </span><span class="pp-class-166 pa t3387 l36598 ls1528">translated </span><span class="pp-class-166 pa t3387 l36599 ls1122">into </span><span class="pp-class-166 pa t3387 l36600">the </span><span class="pp-class-166 pa t3395 l3 ls3593">functional </span><span class="pp-class-166 pa t3395 l36601 ls1849">currency </span><span class="pp-class-166 pa t3395 l36602">at </span><span class="pp-class-166 pa t3395 l15571">the </span><span class="pp-class-166 pa t3395 l36603 ls851">exchange </span><span class="pp-class-166 pa t3395 l15589 ls5905">rate </span><span class="pp-class-166 pa t3395 l19964">at </span><span class="pp-class-166 pa t3395 l36604">the </span><span class="pp-class-166 pa t3395 l36605 ls750">transaction </span><span class="pp-class-166 pa t3395 l36606 ls740">dates. </span><span class="pp-class-166 pa t3395 l36607 ls2870">Foreign </span><span class="pp-class-166 pa t3406 l3 ls1849">currency </span><span class="pp-class-166 pa t3406 l36591 ls977">translation </span><span class="pp-class-166 pa t3406 l36608 ls52">differences </span><span class="pp-class-166 pa t3406 l36609 ls946">between </span><span class="pp-class-166 pa t3406 l36610">the </span><span class="pp-class-166 pa t3406 l36611 ls851">exchange </span><span class="pp-class-166 pa t3406 l23896 ls54">rates </span><span class="pp-class-166 pa t3406 l36612">at </span><span class="pp-class-166 pa t3406 l2180">the </span><span class="pp-class-166 pa t3406 l32589 ls750">transaction </span><span class="pp-class-166 pa t3722 l3 ls1122">date </span><span class="pp-class-166 pa t3722 l36613">and </span><span class="pp-class-166 pa t3722 l20762">the </span><span class="pp-class-166 pa t3722 l1735 ls1122">date </span><span class="pp-class-166 pa t3722 l13312">of </span><span class="pp-class-166 pa t3722 l36614">payment </span><span class="pp-class-166 pa t3722 l3723 ls228">are </span><span class="pp-class-166 pa t3722 l36615 ls564">recognised </span><span class="pp-class-166 pa t3722 l36616">in </span><span class="pp-class-166 pa t3722 l9475">the </span><span class="pp-class-166 pa t3722 l15222 ls1122">statement </span><span class="pp-class-166 pa t3722 l36617">of </span><span class="pp-class-166 pa t3722 l36618 ls564">profit </span><span class="pp-class-166 pa t3722 l36619">or </span><span class="pp-class-166 pa t3722 l36620 ls48">loss </span><span class="pp-class-166 pa t3728 l3">under </span><span class="pp-class-166 pa t3728 l2687">financial </span><span class="pp-class-166 pa t3728 l36621 ls740">items. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3427 l3 ls7127">Monetary </span><span class="pp-class-166 pa t3427 l36622 ls1165">items </span><span class="pp-class-166 pa t3427 l31443 ls2289">denominated </span><span class="pp-class-166 pa t3427 l36623 ls2275">in </span><span class="pp-class-166 pa t3427 l11469 ls1853">a </span><span class="pp-class-166 pa t3427 l36624 ls13641">foreign </span><span class="pp-class-166 pa t3427 l36625 ls2289">currency </span><span class="pp-class-166 pa t3427 l27025 ls5278">are </span><span class="pp-class-166 pa t3427 l9353 ls10428">translated </span><span class="pp-class-166 pa t3427 l20077 ls2275">at </span><span class="pp-class-166 pa t3427 l36626 ls2313">the </span><span class="pp-class-166 pa t3427 l22115 ls28776">exchange </span><span class="pp-class-166 pa t3439 l3 ls1466">rate </span><span class="pp-class-166 pa t3439 l11709 ls848">at </span><span class="pp-class-166 pa t3439 l29978 ls2245">the </span><span class="pp-class-166 pa t3439 l27750 ls22539">reporting </span><span class="pp-class-166 pa t3439 l36627 ls15276">date. </span><span class="pp-class-166 pa t3439 l36628 ls2245">The </span><span class="pp-class-166 pa t3439 l36629 ls749">difference </span><span class="pp-class-166 pa t3439 l36630 ls1464">between </span><span class="pp-class-166 pa t3439 l6747 ls2245">the </span><span class="pp-class-166 pa t3439 l36631 ls1587">exchange </span><span class="pp-class-166 pa t3439 l36632 ls1466">rate </span><span class="pp-class-166 pa t3439 l23329 ls848">at </span><span class="pp-class-166 pa t3439 l36633 ls2245">the </span><span class="pp-class-166 pa t3439 l36634 ls3050">report-</span><span class="pp-class-166 pa t3451 l3 ls1853">ing </span><span class="pp-class-166 pa t3451 l6976 ls129">date </span><span class="pp-class-166 pa t3451 l14436 ls1853">and </span><span class="pp-class-166 pa t3451 l5712 ls1853">the </span><span class="pp-class-166 pa t3451 l36635 ls5048">transaction </span><span class="pp-class-166 pa t3451 l36636 ls129">date </span><span class="pp-class-166 pa t3451 l14702 ls1866">or </span><span class="pp-class-166 pa t3451 l36637 ls1853">the </span><span class="pp-class-166 pa t3451 l36638 ls1855">exchange </span><span class="pp-class-166 pa t3451 l32163 ls8712">rate </span><span class="pp-class-166 pa t3451 l4443 ls2690">used </span><span class="pp-class-166 pa t3451 l27197 ls1866">in </span><span class="pp-class-166 pa t3451 l13339 ls1853">the </span><span class="pp-class-166 pa t3451 l15593 ls6383">latest </span><span class="pp-class-166 pa t3451 l36639 ls2690">financial </span><span class="pp-class-166 pa t3466 l3 ls2836">statements </span><span class="pp-class-166 pa t3466 l14203 ls2540">is </span><span class="pp-class-166 pa t3466 l2662 ls115">recognised </span><span class="pp-class-166 pa t3466 l31541 ls2540">in </span><span class="pp-class-166 pa t3466 l36640 ls1528">the </span><span class="pp-class-166 pa t3466 l36641 ls1319">statement </span><span class="pp-class-166 pa t3466 l36642 ls2540">of </span><span class="pp-class-166 pa t3466 l36643 ls1402">profit </span><span class="pp-class-166 pa t3466 l27927 ls2540">or </span><span class="pp-class-166 pa t3466 l20791 ls3490">loss </span><span class="pp-class-166 pa t3466 l36644 ls2061">under </span><span class="pp-class-166 pa t3466 l36645 ls614">financial </span><span class="pp-class-166 pa t3466 l23482 ls1766">items. </span></p></div></div><div class="pp-class-4" id="pp-id-4324" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36646 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36647 l3 ls2870">Foreign </span><span class="pp-class-166 pa t36647 l33567 ls1849">currency </span><span class="pp-class-166 pa t36647 l21954 ls977">translation </span><span class="pp-class-166 pa t36647 l31024 ls52">differences </span><span class="pp-class-166 pa t36647 l36648">arising </span><span class="pp-class-166 pa t36647 l3916">on </span><span class="pp-class-166 pa t36647 l28646">the </span><span class="pp-class-166 pa t36647 l36649 ls977">translation </span><span class="pp-class-166 pa t36647 l36650">of </span><span class="pp-class-166 pa t36647 l36651">non-mon-</span><span class="pp-class-166 pa t36652 l3 ls149">etary </span><span class="pp-class-166 pa t36652 l23613 ls740">items, </span><span class="pp-class-166 pa t36652 l36653">such </span><span class="pp-class-166 pa t36652 l20644">as </span><span class="pp-class-166 pa t36652 l36654 ls226">investments </span><span class="pp-class-166 pa t36652 l36655">in </span><span class="pp-class-166 pa t36652 l36656 ls1761">associates, </span><span class="pp-class-166 pa t36652 l36657 ls228">are </span><span class="pp-class-166 pa t36652 l36658 ls564">recognised </span><span class="pp-class-166 pa t36652 l36659 ls461">directly </span><span class="pp-class-166 pa t36652 l36660">in </span><span class="pp-class-166 pa t36652 l36661 ls75">other </span><span class="pp-class-166 pa t36662 l3 ls495">comprehensive </span><span class="pp-class-166 pa t36662 l26876 ls740">income.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36663 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36664 l3 ls2540">Recognition </span><span class="pp-class-172 pa t36664 l36665">in </span><span class="pp-class-172 pa t36664 l36666">the </span><span class="pp-class-172 pa t36664 l36667 ls2476">consolidated </span><span class="pp-class-172 pa t36664 l36668">financial </span><span class="pp-class-172 pa t36664 l36669 ls1122">statements </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36670 l3">When </span><span class="pp-class-166 pa t36670 l4926 ls851">preparing </span><span class="pp-class-166 pa t36670 l36671">the </span><span class="pp-class-166 pa t36670 l36672 ls1119">consolidated </span><span class="pp-class-166 pa t36670 l36673">financial </span><span class="pp-class-166 pa t36670 l19891 ls189">statements, </span><span class="pp-class-166 pa t36670 l20196">the </span><span class="pp-class-166 pa t36670 l36674 ls1122">statement </span><span class="pp-class-166 pa t36670 l26158">of </span><span class="pp-class-166 pa t36670 l36675 ls564">profit </span><span class="pp-class-166 pa t36676 l3">or </span><span class="pp-class-166 pa t36676 l21054 ls48">loss </span><span class="pp-class-166 pa t36676 l36677">of </span><span class="pp-class-166 pa t36676 l11153">entities </span><span class="pp-class-166 pa t36676 l16036">with </span><span class="pp-class-166 pa t36676 l28623">a </span><span class="pp-class-166 pa t36676 l31790 ls3593">functional </span><span class="pp-class-166 pa t36676 l16202 ls1849">currency </span><span class="pp-class-166 pa t36676 l36678 ls75">other </span><span class="pp-class-166 pa t36676 l25934">than </span><span class="pp-class-166 pa t36676 l36679">DKK </span><span class="pp-class-166 pa t36676 l36680 ls228">are </span><span class="pp-class-166 pa t36676 l36681 ls1528">translated </span><span class="pp-class-166 pa t36676 l36682">at </span><span class="pp-class-166 pa t36683 l3">the </span><span class="pp-class-166 pa t36683 l1913 ls946">average </span><span class="pp-class-166 pa t36683 l36684 ls851">exchange </span><span class="pp-class-166 pa t36683 l20208 ls5905">rate </span><span class="pp-class-166 pa t36683 l23931 ls228">for </span><span class="pp-class-166 pa t36683 l36685">the </span><span class="pp-class-166 pa t36683 l34039">period, </span><span class="pp-class-166 pa t36683 l14872">and </span><span class="pp-class-166 pa t36683 l8596 ls1122">statement </span><span class="pp-class-166 pa t36683 l36686">of </span><span class="pp-class-166 pa t36683 l36687">financial </span><span class="pp-class-166 pa t36683 l36688">position </span><span class="pp-class-166 pa t36689 l3 ls189">items </span><span class="pp-class-166 pa t36689 l36690 ls228">are </span><span class="pp-class-166 pa t36689 l20242 ls1528">translated </span><span class="pp-class-166 pa t36689 l36672">at </span><span class="pp-class-166 pa t36689 l12339">the </span><span class="pp-class-166 pa t36689 l36691">closing </span><span class="pp-class-166 pa t36689 l12654 ls5905">rate </span><span class="pp-class-166 pa t36689 l10294">at </span><span class="pp-class-166 pa t36689 l3082">the </span><span class="pp-class-166 pa t36689 l36692">end </span><span class="pp-class-166 pa t36689 l36693">of </span><span class="pp-class-166 pa t36689 l15433">the </span><span class="pp-class-166 pa t36689 l36694 ls1428">reporting </span><span class="pp-class-166 pa t36689 l36695">period.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36696 l3 ls5278">Foreign </span><span class="pp-class-166 pa t36696 l36697 ls7719">exchange </span><span class="pp-class-166 pa t36696 l23377 ls23000">differences </span><span class="pp-class-166 pa t36696 l36698 ls6530">arising </span><span class="pp-class-166 pa t36696 l36699 ls2275">on </span><span class="pp-class-166 pa t36696 l36700 ls7116">translation </span><span class="pp-class-166 pa t36696 l36701 ls2275">of </span><span class="pp-class-166 pa t36696 l6209 ls2313">the </span><span class="pp-class-166 pa t36696 l36702 ls23013">equity </span><span class="pp-class-166 pa t36696 l36703 ls2275">of </span><span class="pp-class-166 pa t36696 l15212 ls13641">foreign </span><span class="pp-class-166 pa t36696 l36704 ls6991">entities </span><span class="pp-class-166 pa t36705 l3 ls2313">and </span><span class="pp-class-166 pa t36705 l26644 ls2275">on </span><span class="pp-class-166 pa t36705 l5180 ls7116">translation </span><span class="pp-class-166 pa t36705 l13755 ls2275">of </span><span class="pp-class-166 pa t36705 l36706 ls25064">receivables </span><span class="pp-class-166 pa t36705 l2284 ls25064">considered </span><span class="pp-class-166 pa t36705 l32420 ls3187">part </span><span class="pp-class-166 pa t36705 l36707 ls2275">of </span><span class="pp-class-166 pa t36705 l36708 ls13624">net </span><span class="pp-class-166 pa t36705 l36709 ls2986">investment </span><span class="pp-class-166 pa t36705 l36710 ls5278">are </span><span class="pp-class-166 pa t36705 l36711 ls7139">recognised </span><span class="pp-class-166 pa t36712 l3 ls33411">directly </span><span class="pp-class-166 pa t36712 l36713 ls13149">in </span><span class="pp-class-166 pa t36712 l36714 ls263">other </span><span class="pp-class-166 pa t36712 l2970 ls696">comprehensive </span><span class="pp-class-166 pa t36712 l26936 ls30686">income. </span><span class="pp-class-166 pa t36712 l36715 ls22724">Foreign </span><span class="pp-class-166 pa t36712 l36716 ls2412">exchange </span><span class="pp-class-166 pa t36712 l36717 ls6595">differences </span><span class="pp-class-166 pa t36712 l36718 ls1180">arising </span><span class="pp-class-166 pa t36712 l36719 ls13149">on </span><span class="pp-class-166 pa t36712 l36720 ls2321">the </span><span class="pp-class-166 pa t36721 l3 ls11697">translation </span><span class="pp-class-166 pa t36721 l1653 ls1866">of </span><span class="pp-class-166 pa t36721 l13356 ls4132">statement </span><span class="pp-class-166 pa t36721 l14540 ls1866">of </span><span class="pp-class-166 pa t36721 l36722 ls1186">profit </span><span class="pp-class-166 pa t36721 l3382 ls1866">or </span><span class="pp-class-166 pa t36721 l36723 ls83">loss </span><span class="pp-class-166 pa t36721 l16282 ls2353">from </span><span class="pp-class-166 pa t36721 l5478 ls1853">the </span><span class="pp-class-166 pa t36721 l36724 ls1855">average </span><span class="pp-class-166 pa t36721 l12759 ls1855">exchange </span><span class="pp-class-166 pa t36721 l3012 ls8712">rate </span><span class="pp-class-166 pa t36721 l36725 ls2289">for </span><span class="pp-class-166 pa t36721 l36726 ls2307">the </span><span class="pp-class-166 pa t36727 l3 ls2315">period </span><span class="pp-class-166 pa t36727 l27729 ls2267">to </span><span class="pp-class-166 pa t36727 l9486 ls2313">the </span><span class="pp-class-166 pa t36727 l24544 ls7719">exchange </span><span class="pp-class-166 pa t36727 l18082 ls2255">rate </span><span class="pp-class-166 pa t36727 l10227 ls2275">at </span><span class="pp-class-166 pa t36727 l16132 ls2313">the </span><span class="pp-class-166 pa t36727 l12144 ls14689">reporting </span><span class="pp-class-166 pa t36727 l34040 ls1176">date </span><span class="pp-class-166 pa t36727 l36728 ls5278">are </span><span class="pp-class-166 pa t36727 l19023 ls25064">recognised </span><span class="pp-class-166 pa t36727 l36729 ls2275">in </span><span class="pp-class-166 pa t36727 l36730 ls2263">other </span><span class="pp-class-166 pa t36727 l36731 ls2265">compre-</span><span class="pp-class-166 pa t36732 l3 ls6523">hensive </span><span class="pp-class-166 pa t36732 l5488 ls2278">income. </span><span class="pp-class-166 pa t36732 l28509 ls2257">Adjustments </span><span class="pp-class-166 pa t36732 l36733 ls4852">are </span><span class="pp-class-166 pa t36732 l18836 ls19220">presented </span><span class="pp-class-166 pa t36732 l36734 ls2261">within </span><span class="pp-class-166 pa t36732 l36735 ls2263">the </span><span class="pp-class-166 pa t36732 l36736 ls19121">translation </span><span class="pp-class-166 pa t36732 l10940 ls2269">reserve </span><span class="pp-class-166 pa t36732 l36737 ls2273">in </span><span class="pp-class-166 pa t36732 l36738 ls1170">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36739 l3 ls747">Presentation </span><span class="pp-class-170 pa t36739 l36740 ls13149">of </span><span class="pp-class-170 pa t36739 l36741 ls2257">the </span><span class="pp-class-170 pa t36739 l36742 ls1464">financial </span><span class="pp-class-170 pa t36739 l36743 ls3152">statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36744 l3 ls2307">Statement </span><span class="pp-class-172 pa t36744 l36745">of </span><span class="pp-class-172 pa t36744 l13838 ls234">cash </span><span class="pp-class-172 pa t36744 l36746">flows</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36747 l3">The </span><span class="pp-class-166 pa t36747 l1525 ls1122">statement </span><span class="pp-class-166 pa t36747 l2088">of </span><span class="pp-class-166 pa t36747 l36748 ls923">cash </span><span class="pp-class-166 pa t36747 l36749">flows </span><span class="pp-class-166 pa t36747 l36750">is </span><span class="pp-class-166 pa t36747 l36751 ls3238">prepared </span><span class="pp-class-166 pa t36747 l36752">using </span><span class="pp-class-166 pa t36747 l36753">the </span><span class="pp-class-166 pa t36747 l36754 ls461">indirect </span><span class="pp-class-166 pa t36747 l11005 ls93">method </span><span class="pp-class-166 pa t36747 l36176">based </span><span class="pp-class-166 pa t36747 l36755">on </span><span class="pp-class-166 pa t36756 l3 ls1217">operating </span><span class="pp-class-166 pa t36756 l17518 ls564">profit </span><span class="pp-class-166 pa t36756 l36757 ls1498">before </span><span class="pp-class-166 pa t36756 l36758 ls492">amortisation </span><span class="pp-class-166 pa t36756 l28999">and </span><span class="pp-class-166 pa t36756 l3832 ls2022">depreciation </span><span class="pp-class-166 pa t36756 l36759 ls552">(EBITDA) </span><span class="pp-class-166 pa t36756 l5837 ls1498">before </span><span class="pp-class-166 pa t36756 l36760 ls1528">special </span><span class="pp-class-166 pa t36761 l3 ls3238">items. </span><span class="pp-class-166 pa t36761 l30563 ls1528">The </span><span class="pp-class-166 pa t36761 l36762 ls1319">statement </span><span class="pp-class-166 pa t36761 l3905 ls2540">of </span><span class="pp-class-166 pa t36761 l36763 ls1343">cash </span><span class="pp-class-166 pa t36761 l12068 ls2061">flows </span><span class="pp-class-166 pa t36761 l36764 ls2708">cannot </span><span class="pp-class-166 pa t36761 l36765 ls2540">be </span><span class="pp-class-166 pa t36761 l36766 ls4405">derived </span><span class="pp-class-166 pa t36761 l7246 ls265">directly </span><span class="pp-class-166 pa t36761 l36767 ls10010">from </span><span class="pp-class-166 pa t36761 l14391">the </span><span class="pp-class-166 pa t36761 l36768 ls135">state-</span><span class="pp-class-166 pa t36769 l3">ment </span><span class="pp-class-166 pa t36769 l5719">of </span><span class="pp-class-166 pa t36769 l36770">financial </span><span class="pp-class-166 pa t36769 l11272">position </span><span class="pp-class-166 pa t36769 l36771">and </span><span class="pp-class-166 pa t36769 l6918">the </span><span class="pp-class-166 pa t36769 l36772 ls1122">statement </span><span class="pp-class-166 pa t36769 l26911">of </span><span class="pp-class-166 pa t36769 l26912 ls564">profit </span><span class="pp-class-166 pa t36769 l26121">or </span><span class="pp-class-166 pa t36769 l1991 ls48">loss.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t36773 l3">Applying </span><span class="pp-class-172 pa t36773 l23454 ls239">materiality </span><span class="pp-class-172 pa t36773 l36774">in </span><span class="pp-class-172 pa t36773 l30502">financial </span><span class="pp-class-172 pa t36773 l5467 ls234">reporting</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t36775 l3">In </span><span class="pp-class-166 pa t36775 l1589 ls851">preparing </span><span class="pp-class-166 pa t36775 l26959">the </span><span class="pp-class-166 pa t36775 l15348">financial </span><span class="pp-class-166 pa t36775 l12773 ls189">statements, </span><span class="pp-class-166 pa t36775 l8988 ls205">Management </span><span class="pp-class-166 pa t36775 l36776 ls1831">seeks </span><span class="pp-class-166 pa t36775 l36777 ls135">to </span><span class="pp-class-166 pa t36775 l36778 ls455">achieve </span><span class="pp-class-166 pa t36775 l23810">a </span><span class="pp-class-166 pa t36775 l36779">high </span><span class="pp-class-166 pa t36780 l3 ls740">information </span><span class="pp-class-166 pa t36780 l30387 ls101">value </span><span class="pp-class-166 pa t36780 l36781">by </span><span class="pp-class-166 pa t36780 l33755 ls164">presenting </span><span class="pp-class-166 pa t36780 l15200">the </span><span class="pp-class-166 pa t36780 l36782 ls740">information </span><span class="pp-class-166 pa t36780 l36783">in </span><span class="pp-class-166 pa t36780 l18959">a </span><span class="pp-class-166 pa t36780 l31289 ls1528">way </span><span class="pp-class-166 pa t36780 l36784">that </span><span class="pp-class-166 pa t36780 l36785 ls3185">supports </span><span class="pp-class-166 pa t36780 l36786">the </span><span class="pp-class-166 pa t36787 l3 ls1575">understanding </span><span class="pp-class-166 pa t36787 l36788">of </span><span class="pp-class-166 pa t36787 l10559">the </span><span class="pp-class-166 pa t36787 l36789 ls1165">Group’s </span><span class="pp-class-166 pa t36787 l21471 ls826">performance </span><span class="pp-class-166 pa t36787 l36790">in </span><span class="pp-class-166 pa t36787 l36791">the </span><span class="pp-class-166 pa t36787 l3582 ls1428">reporting </span><span class="pp-class-166 pa t36787 l36792">period. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t36793 l3">This </span><span class="pp-class-166 pa t36793 l2074 ls1617">objective </span><span class="pp-class-166 pa t36793 l5758">is </span><span class="pp-class-166 pa t36793 l791 ls394">achieved </span><span class="pp-class-166 pa t36793 l8754">by </span><span class="pp-class-166 pa t36793 l10334 ls164">presenting </span><span class="pp-class-166 pa t36793 l26970 ls2307">fair </span><span class="pp-class-166 pa t36793 l36794 ls750">transactional </span><span class="pp-class-166 pa t36793 l36795 ls740">aggregation </span><span class="pp-class-166 pa t36793 l36796 ls239">levels </span><span class="pp-class-166 pa t36793 l36797">on </span><span class="pp-class-166 pa t36798 l3 ls7717">items </span><span class="pp-class-166 pa t36798 l7619 ls2263">and </span><span class="pp-class-166 pa t36798 l4007 ls386">other </span><span class="pp-class-166 pa t36798 l36799 ls2243">financial </span><span class="pp-class-166 pa t36798 l36800 ls13641">information, </span><span class="pp-class-166 pa t36798 l36801 ls4462">emphasising </span><span class="pp-class-166 pa t36798 l36802 ls4996">information </span><span class="pp-class-166 pa t36798 l36803 ls2267">that </span><span class="pp-class-166 pa t36798 l36804 ls2273">is </span><span class="pp-class-166 pa t36798 l36805 ls10404">considered </span><span class="pp-class-166 pa t36798 l36806 ls1866">of </span><span class="pp-class-166 pa t36807 l3 ls2298">material </span><span class="pp-class-166 pa t36807 l36808 ls2672">importance </span><span class="pp-class-166 pa t36807 l36809 ls2302">to </span><span class="pp-class-166 pa t36807 l36810 ls1853">the </span><span class="pp-class-166 pa t36807 l36811 ls13149">user. </span><span class="pp-class-166 pa t36807 l13342 ls2666">Disclosures </span><span class="pp-class-166 pa t36807 l29529 ls2690">that </span><span class="pp-class-166 pa t36807 l36812 ls2289">are </span><span class="pp-class-166 pa t36807 l36813 ls13863">considered </span><span class="pp-class-166 pa t36807 l1788 ls2672">immaterial </span><span class="pp-class-166 pa t36807 l36814 ls2302">to </span><span class="pp-class-166 pa t36807 l36815 ls2307">the </span><span class="pp-class-166 pa t36816 l3 ls564">decision </span><span class="pp-class-166 pa t36816 l2075 ls1444">making </span><span class="pp-class-166 pa t36816 l33695 ls2540">of </span><span class="pp-class-166 pa t36816 l36817 ls1528">the </span><span class="pp-class-166 pa t36816 l26041 ls853">primary </span><span class="pp-class-166 pa t36816 l32856 ls2061">users </span><span class="pp-class-166 pa t36816 l36818 ls2540">of </span><span class="pp-class-166 pa t36816 l36819 ls2061">these </span><span class="pp-class-166 pa t36816 l36820 ls614">financial </span><span class="pp-class-166 pa t36816 l36821 ls2836">statements </span><span class="pp-class-166 pa t36816 l36822 ls1172">are </span><span class="pp-class-166 pa t36816 l10727 ls73">omitted.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t36823 l3 ls12989">Presentation </span><span class="pp-class-172 pa t36823 l36824">of </span><span class="pp-class-172 pa t36823 l36825">financial </span><span class="pp-class-172 pa t36823 l36826 ls1740">statement </span><span class="pp-class-172 pa t36823 l36827 ls2540">items </span><span class="pp-class-172 pa t36823 l36828">and </span><span class="pp-class-172 pa t36823 l36829 ls3238">subtotals</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t36830 l3">The </span><span class="pp-class-166 pa t36830 l1525 ls107">presentation </span><span class="pp-class-166 pa t36830 l36831">of </span><span class="pp-class-166 pa t36830 l4966">financial </span><span class="pp-class-166 pa t36830 l36832 ls1122">statement </span><span class="pp-class-166 pa t36830 l29120 ls189">items </span><span class="pp-class-166 pa t36830 l36833">and </span><span class="pp-class-166 pa t36830 l32153 ls921">subtotals </span><span class="pp-class-166 pa t36830 l36834">is </span><span class="pp-class-166 pa t36830 l36835">based </span><span class="pp-class-166 pa t36830 l9952">on </span><span class="pp-class-166 pa t36836 l3 ls3962">separate </span><span class="pp-class-166 pa t36836 l13486 ls1026">classification </span><span class="pp-class-166 pa t36836 l24817">of </span><span class="pp-class-166 pa t36836 l36837 ls234">material </span><span class="pp-class-166 pa t36836 l26503 ls564">groups </span><span class="pp-class-166 pa t36836 l36838">of </span><span class="pp-class-166 pa t36836 l36839">similar </span><span class="pp-class-166 pa t36836 l14767 ls740">items. </span></p></div></div><div class="pp-class-4" id="pp-id-4325" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36840 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t36647 l3">In </span><span class="pp-class-166 pa t36647 l1589">the </span><span class="pp-class-166 pa t36647 l2053 ls1122">statement </span><span class="pp-class-166 pa t36647 l36841">of </span><span class="pp-class-166 pa t36647 l31907 ls564">profit </span><span class="pp-class-166 pa t36647 l36842">or </span><span class="pp-class-166 pa t36647 l36843 ls101">loss, </span><span class="pp-class-166 pa t36647 l3914 ls740">income </span><span class="pp-class-166 pa t36647 l6920">and </span><span class="pp-class-166 pa t36647 l7558 ls1849">expense </span><span class="pp-class-166 pa t36647 l15555 ls189">items </span><span class="pp-class-166 pa t36647 l5914 ls228">are </span><span class="pp-class-166 pa t36647 l36844 ls205">classified </span><span class="pp-class-166 pa t36647 l36845">using </span><span class="pp-class-166 pa t36652 l3">a </span><span class="pp-class-166 pa t36652 l2592">hybrid </span><span class="pp-class-166 pa t36652 l7239 ls851">approach. </span><span class="pp-class-166 pa t36652 l9716 ls2170">To </span><span class="pp-class-166 pa t36652 l21805 ls461">best </span><span class="pp-class-166 pa t36652 l28225 ls93">reflect </span><span class="pp-class-166 pa t36652 l36846">the </span><span class="pp-class-166 pa t36652 l36355 ls564">nature </span><span class="pp-class-166 pa t36652 l36847">of </span><span class="pp-class-166 pa t36652 l9399">our </span><span class="pp-class-166 pa t36652 l23457 ls394">business, </span><span class="pp-class-166 pa t36652 l22027 ls1575">direct </span><span class="pp-class-166 pa t36652 l36848 ls1129">costs </span><span class="pp-class-166 pa t36652 l30262 ls228">are </span><span class="pp-class-166 pa t36662 l3">disclosed </span><span class="pp-class-166 pa t36662 l11986 ls152">separately, </span><span class="pp-class-166 pa t36662 l36849">while </span><span class="pp-class-166 pa t36662 l36691">the </span><span class="pp-class-166 pa t36662 l6832 ls75">other </span><span class="pp-class-166 pa t36662 l36850 ls3490">cost </span><span class="pp-class-166 pa t36662 l23396 ls189">items </span><span class="pp-class-166 pa t36662 l28346 ls228">are </span><span class="pp-class-166 pa t36662 l36851 ls205">classified </span><span class="pp-class-166 pa t36662 l36852 ls1866">according </span><span class="pp-class-166 pa t36662 l36853 ls135">to </span><span class="pp-class-166 pa t36662 l36854">the </span><span class="pp-class-166 pa t36663 l3 ls856">'nature </span><span class="pp-class-166 pa t36663 l22020">of </span><span class="pp-class-166 pa t36663 l36855 ls1683">expense' </span><span class="pp-class-166 pa t36663 l32762 ls461">method, </span><span class="pp-class-166 pa t36663 l36856">in </span><span class="pp-class-166 pa t36663 l36857 ls946">compliance </span><span class="pp-class-166 pa t36663 l15467">with </span><span class="pp-class-166 pa t36663 l36858">IAS </span><span class="pp-class-166 pa t36663 l21543">1. </span><span class="pp-class-166 pa t36663 l29330 ls1761">Furthermore, </span><span class="pp-class-166 pa t36663 l36859">the </span><span class="pp-class-166 pa t36663 l4428">use </span><span class="pp-class-166 pa t36663 l36860">of </span><span class="pp-class-166 pa t36664 l3">special </span><span class="pp-class-166 pa t36664 l1500 ls189">items </span><span class="pp-class-166 pa t36664 l1501">is </span><span class="pp-class-166 pa t36664 l36861">applied </span><span class="pp-class-166 pa t36664 l8784 ls135">to </span><span class="pp-class-166 pa t36664 l36862 ls1410">improve </span><span class="pp-class-166 pa t36664 l36863">the </span><span class="pp-class-166 pa t36664 l20662 ls117">transparency </span><span class="pp-class-166 pa t36664 l36864">and </span><span class="pp-class-166 pa t36664 l2442 ls1575">understanding </span><span class="pp-class-166 pa t36664 l36865">of </span><span class="pp-class-166 pa t36664 l36866">the </span><span class="pp-class-166 pa t36670 l3 ls1165">Group’s </span><span class="pp-class-166 pa t36670 l5922">financial </span><span class="pp-class-166 pa t36670 l6129 ls946">statements </span><span class="pp-class-166 pa t36670 l36867">by </span><span class="pp-class-166 pa t36670 l14525 ls154">separating </span><span class="pp-class-166 pa t36670 l34737">the </span><span class="pp-class-166 pa t36670 l36868 ls2487">core </span><span class="pp-class-166 pa t36670 l21725 ls826">performance </span><span class="pp-class-166 pa t36670 l30638">of </span><span class="pp-class-166 pa t36670 l36869">the </span><span class="pp-class-166 pa t36670 l36870 ls497">Group </span><span class="pp-class-166 pa t36676 l3 ls267">from </span><span class="pp-class-166 pa t36676 l2065 ls1129">exceptional </span><span class="pp-class-166 pa t36676 l36871 ls740">items. </span><span class="pp-class-166 pa t36676 l19335 ls1740">For </span><span class="pp-class-166 pa t36676 l20788">a </span><span class="pp-class-166 pa t36676 l31215">definition </span><span class="pp-class-166 pa t36676 l36872">and </span><span class="pp-class-166 pa t36676 l36873 ls946">reconciliation </span><span class="pp-class-166 pa t36676 l36874">of </span><span class="pp-class-166 pa t36676 l36875 ls497">Group </span><span class="pp-class-166 pa t36676 l36876 ls856">results </span><span class="pp-class-166 pa t36683 l3 ls1498">before </span><span class="pp-class-166 pa t36683 l8640">and </span><span class="pp-class-166 pa t36683 l10403 ls101">after </span><span class="pp-class-166 pa t36683 l36877">special </span><span class="pp-class-166 pa t36683 l36878 ls740">items, </span><span class="pp-class-166 pa t36683 l36879 ls239">please </span><span class="pp-class-166 pa t36683 l36880 ls1860">refer </span><span class="pp-class-166 pa t36683 l36881 ls135">to </span><span class="pp-class-171 pa t36683 l9938 ls7025">note </span><span class="pp-class-171 pa t36683 l36379 ls2275">2.7</span><span class="pp-class-166 pa t36683 l32215"/><span class="pp-class-166 pa t36683 l36882">Special </span><span class="pp-class-166 pa t36683 l23320 ls189">items.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36883 l3 ls2257">New </span><span class="pp-class-170 pa t36883 l36884 ls5287">accounting </span><span class="pp-class-170 pa t36883 l36885 ls10425">regulations</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36696 l3">The </span><span class="pp-class-166 pa t36696 l1525">IASB </span><span class="pp-class-166 pa t36696 l1578">has </span><span class="pp-class-166 pa t36696 l2011 ls239">issued </span><span class="pp-class-166 pa t36696 l36886">new </span><span class="pp-class-166 pa t36696 l27578 ls702">standards </span><span class="pp-class-166 pa t36696 l19397">and </span><span class="pp-class-166 pa t36696 l36887">amendments </span><span class="pp-class-166 pa t36696 l36888 ls1528">not </span><span class="pp-class-166 pa t36696 l2867 ls234">yet </span><span class="pp-class-166 pa t36696 l36889">in </span><span class="pp-class-166 pa t36696 l4964 ls2221">effect </span><span class="pp-class-166 pa t36696 l36890">or </span><span class="pp-class-166 pa t36705 l3 ls187">adopted </span><span class="pp-class-166 pa t36705 l36891">by </span><span class="pp-class-166 pa t36705 l36892">the </span><span class="pp-class-166 pa t36705 l14911">EU </span><span class="pp-class-166 pa t36705 l5256">and </span><span class="pp-class-166 pa t36705 l9356 ls96">therefore </span><span class="pp-class-166 pa t36705 l36893 ls1528">not </span><span class="pp-class-166 pa t36705 l36894 ls1528">relevant </span><span class="pp-class-166 pa t36705 l36895 ls228">for </span><span class="pp-class-166 pa t36705 l36896">the </span><span class="pp-class-166 pa t36705 l36897 ls614">preparation </span><span class="pp-class-166 pa t36705 l36898">of </span><span class="pp-class-166 pa t36705 l36899">the </span><span class="pp-class-166 pa t36705 l12279">2025 </span><span class="pp-class-166 pa t36712 l3 ls1119">consolidated </span><span class="pp-class-166 pa t36712 l6168">financial </span><span class="pp-class-166 pa t36712 l36900 ls189">statements. </span><span class="pp-class-166 pa t36712 l36901">DSV </span><span class="pp-class-166 pa t36712 l36902 ls1839">expects </span><span class="pp-class-166 pa t36712 l36903 ls135">to </span><span class="pp-class-166 pa t36712 l36904">implement </span><span class="pp-class-166 pa t36712 l36905">the </span><span class="pp-class-166 pa t36712 l36906 ls702">standards </span><span class="pp-class-166 pa t36721 l3">and </span><span class="pp-class-166 pa t36721 l1192">amendments </span><span class="pp-class-166 pa t36721 l33731">when </span><span class="pp-class-166 pa t36721 l36907 ls890">they </span><span class="pp-class-166 pa t36721 l36908 ls267">take </span><span class="pp-class-166 pa t36721 l36909 ls7791">effect. </span><span class="pp-class-166 pa t36721 l36910 ls205">Management </span><span class="pp-class-166 pa t36721 l36911 ls226">assesses </span><span class="pp-class-166 pa t36721 l36912">that </span><span class="pp-class-166 pa t36721 l36913">none </span><span class="pp-class-166 pa t36721 l36914">of </span><span class="pp-class-166 pa t36727 l3">the </span><span class="pp-class-166 pa t36727 l1913 ls239">issued </span><span class="pp-class-166 pa t36727 l36915 ls702">standards </span><span class="pp-class-166 pa t36727 l20682">and </span><span class="pp-class-166 pa t36727 l36916">amendments </span><span class="pp-class-166 pa t36727 l36917 ls1528">not </span><span class="pp-class-166 pa t36727 l16190 ls234">yet </span><span class="pp-class-166 pa t36727 l7335">in </span><span class="pp-class-166 pa t36727 l36918 ls2221">effect </span><span class="pp-class-166 pa t36727 l32422">will </span><span class="pp-class-166 pa t36727 l36919 ls158">significantly </span><span class="pp-class-166 pa t36727 l36920 ls1636">impact </span><span class="pp-class-166 pa t36732 l3">the </span><span class="pp-class-166 pa t36732 l1913 ls5508">recognition </span><span class="pp-class-166 pa t36732 l36921">and </span><span class="pp-class-166 pa t36732 l2562 ls164">measurement </span><span class="pp-class-166 pa t36732 l36922">policies </span><span class="pp-class-166 pa t36732 l36923">of </span><span class="pp-class-166 pa t36732 l11295">the </span><span class="pp-class-166 pa t36732 l36924 ls564">Group. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36739 l3">IFRS </span><span class="pp-class-172 pa t36739 l31944">18 </span><span class="pp-class-172 pa t36739 l12417 ls12989">Presentation </span><span class="pp-class-172 pa t36739 l11078">and </span><span class="pp-class-172 pa t36739 l26883 ls189">Disclosure </span><span class="pp-class-172 pa t36739 l2450">in </span><span class="pp-class-172 pa t36739 l36925 ls101">Financial </span><span class="pp-class-172 pa t36739 l36535 ls2307">Statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36926 l3">IFRS </span><span class="pp-class-166 pa t36926 l11367">18, </span><span class="pp-class-166 pa t36926 l12252">which </span><span class="pp-class-166 pa t36926 l5354 ls265">replaces </span><span class="pp-class-166 pa t36926 l7140">IAS </span><span class="pp-class-166 pa t36926 l36927">1 </span><span class="pp-class-166 pa t36926 l36928 ls3490">Presentation </span><span class="pp-class-166 pa t36926 l36929">of </span><span class="pp-class-166 pa t36926 l36930 ls394">Financial </span><span class="pp-class-166 pa t36926 l36931 ls495">Statements, </span><span class="pp-class-166 pa t36926 l36932 ls702">introduces</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36744 l3">new </span><span class="pp-class-166 pa t36744 l24006 ls107">presentation </span><span class="pp-class-166 pa t36744 l36933 ls4405">requirements </span><span class="pp-class-166 pa t36744 l29684 ls1766">related </span><span class="pp-class-166 pa t36744 l36934 ls135">to </span><span class="pp-class-166 pa t36744 l36935">the </span><span class="pp-class-166 pa t36744 l20939 ls1122">statement </span><span class="pp-class-166 pa t36744 l32341">of </span><span class="pp-class-166 pa t36744 l36936 ls564">profit </span><span class="pp-class-166 pa t36744 l36937">or </span><span class="pp-class-166 pa t36744 l36938 ls101">loss, </span><span class="pp-class-166 pa t36747 l3">including </span><span class="pp-class-166 pa t36747 l6839">new </span><span class="pp-class-166 pa t36747 l36939 ls2022">categories </span><span class="pp-class-166 pa t36747 l36940">of </span><span class="pp-class-166 pa t36747 l36941 ls740">income </span><span class="pp-class-166 pa t36747 l36942">and </span><span class="pp-class-166 pa t36747 l36943 ls1683">expenses </span><span class="pp-class-166 pa t36747 l36944">(i.e., </span><span class="pp-class-166 pa t36747 l36945 ls750">operating, </span><span class="pp-class-166 pa t36747 l36946 ls3593">financing, </span><span class="pp-class-166 pa t36756 l3 ls226">investing). </span><span class="pp-class-166 pa t36756 l36947">IFRS </span><span class="pp-class-166 pa t36756 l12485">18 </span><span class="pp-class-166 pa t36756 l36948 ls3238">requires </span><span class="pp-class-166 pa t36756 l36949 ls164">disclosure </span><span class="pp-class-166 pa t36756 l36390">of </span><span class="pp-class-166 pa t36756 l36950">management-defined </span><span class="pp-class-166 pa t36756 l16334 ls826">performance </span><span class="pp-class-166 pa t36761 l3 ls1528">measures </span><span class="pp-class-166 pa t36761 l8930">and </span><span class="pp-class-166 pa t36761 l3377">includes </span><span class="pp-class-166 pa t36761 l11119">new </span><span class="pp-class-166 pa t36761 l36951 ls4405">requirements </span><span class="pp-class-166 pa t36761 l32152 ls228">for </span><span class="pp-class-166 pa t36761 l22129">the </span><span class="pp-class-166 pa t36761 l24387 ls740">aggregation </span><span class="pp-class-166 pa t36761 l36952">and </span><span class="pp-class-166 pa t36761 l31773 ls164">disaggrega-</span><span class="pp-class-166 pa t36769 l3">tion </span><span class="pp-class-166 pa t36769 l3587">of </span><span class="pp-class-166 pa t36769 l3588">financial </span><span class="pp-class-166 pa t36769 l36953 ls2022">information. </span><span class="pp-class-166 pa t36769 l36954">In </span><span class="pp-class-166 pa t36769 l7042">addition, </span><span class="pp-class-166 pa t36769 l36955">amendments </span><span class="pp-class-166 pa t36769 l2590 ls48">have </span><span class="pp-class-166 pa t36769 l36956">been </span><span class="pp-class-166 pa t36769 l28228">made </span><span class="pp-class-166 pa t36769 l36957 ls135">to </span><span class="pp-class-166 pa t36769 l36958">IAS </span><span class="pp-class-166 pa t36769 l36959">7 </span><span class="pp-class-166 pa t36960 l3 ls1021">Statement </span><span class="pp-class-166 pa t36960 l1022">of </span><span class="pp-class-166 pa t36960 l1023 ls4015">Cash </span><span class="pp-class-166 pa t36960 l36961 ls239">Flows, </span><span class="pp-class-166 pa t36960 l36962 ls135">to </span><span class="pp-class-166 pa t36960 l8709">change </span><span class="pp-class-166 pa t36960 l20853">the </span><span class="pp-class-166 pa t36960 l36963 ls158">starting </span><span class="pp-class-166 pa t36960 l36964">point </span><span class="pp-class-166 pa t36960 l36965 ls228">for </span><span class="pp-class-166 pa t36960 l36966 ls180">determining </span><span class="pp-class-166 pa t36960 l36967 ls923">cash </span><span class="pp-class-166 pa t36773 l3">flows </span><span class="pp-class-166 pa t36773 l36968 ls267">from </span><span class="pp-class-166 pa t36773 l4180 ls154">operations </span><span class="pp-class-166 pa t36773 l23332">under </span><span class="pp-class-166 pa t36773 l36969">the </span><span class="pp-class-166 pa t36773 l36970 ls461">indirect </span><span class="pp-class-166 pa t36773 l36971 ls93">method </span><span class="pp-class-166 pa t36773 l10230">and </span><span class="pp-class-166 pa t36773 l29122 ls135">to </span><span class="pp-class-166 pa t36773 l36972 ls702">remove </span><span class="pp-class-166 pa t36773 l36973">the </span><span class="pp-class-166 pa t36773 l21589 ls3185">optionality </span><span class="pp-class-166 pa t36775 l3 ls564">around </span><span class="pp-class-166 pa t36775 l36974 ls1026">classification </span><span class="pp-class-166 pa t36775 l33536">of </span><span class="pp-class-166 pa t36775 l5925 ls923">cash </span><span class="pp-class-166 pa t36775 l36975">flows </span><span class="pp-class-166 pa t36775 l36976 ls267">from </span><span class="pp-class-166 pa t36775 l36977">dividends </span><span class="pp-class-166 pa t36775 l36978">and </span><span class="pp-class-166 pa t36775 l36979 ls923">interest. </span><span class="pp-class-166 pa t36775 l36980 ls497">There </span><span class="pp-class-166 pa t36775 l20010 ls228">are </span><span class="pp-class-166 pa t36775 l36981">also </span><span class="pp-class-166 pa t36780 l3 ls1575">consequential </span><span class="pp-class-166 pa t36780 l11934">amendments </span><span class="pp-class-166 pa t36780 l9365 ls135">to </span><span class="pp-class-166 pa t36780 l14795 ls946">several </span><span class="pp-class-166 pa t36780 l15024 ls75">other </span><span class="pp-class-166 pa t36780 l36982 ls564">standards. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36983 l3">The </span><span class="pp-class-166 pa t36983 l1525">adoption </span><span class="pp-class-166 pa t36983 l36984">of </span><span class="pp-class-166 pa t36983 l21374">the </span><span class="pp-class-166 pa t36983 l23681 ls265">standard </span><span class="pp-class-166 pa t36983 l36985">is </span><span class="pp-class-166 pa t36983 l36986 ls1528">not </span><span class="pp-class-166 pa t36983 l36987 ls70">expected </span><span class="pp-class-166 pa t36983 l1608 ls135">to </span><span class="pp-class-166 pa t36983 l36988 ls564">result </span><span class="pp-class-166 pa t36983 l8818">in </span><span class="pp-class-166 pa t36983 l36989">major </span><span class="pp-class-166 pa t36983 l36990">changes </span><span class="pp-class-166 pa t36983 l36991 ls135">to </span><span class="pp-class-166 pa t36983 l36992">our </span><span class="pp-class-166 pa t36793 l3 ls187">existing </span><span class="pp-class-166 pa t36793 l13494 ls946">accounting </span><span class="pp-class-166 pa t36793 l5684">policies </span><span class="pp-class-166 pa t36793 l36993">and </span><span class="pp-class-166 pa t36793 l36994">is </span><span class="pp-class-166 pa t36793 l13262 ls1528">not </span><span class="pp-class-166 pa t36793 l36995 ls70">expected </span><span class="pp-class-166 pa t36793 l36996 ls135">to </span><span class="pp-class-166 pa t36793 l36997 ls2221">affect </span><span class="pp-class-166 pa t36793 l11974 ls234">net </span><span class="pp-class-166 pa t36793 l36998 ls66">profits. </span><span class="pp-class-166 pa t36793 l36999 ls7509">However, </span><span class="pp-class-166 pa t36798 l3">the </span><span class="pp-class-166 pa t36798 l1913 ls226">introduction </span><span class="pp-class-166 pa t36798 l5404">of </span><span class="pp-class-166 pa t36798 l37000">new </span><span class="pp-class-166 pa t36798 l37001 ls2022">categories </span><span class="pp-class-166 pa t36798 l37002 ls135">to </span><span class="pp-class-166 pa t36798 l14333">the </span><span class="pp-class-166 pa t36798 l37003 ls1122">statement </span><span class="pp-class-166 pa t36798 l37004">of </span><span class="pp-class-166 pa t36798 l37005 ls564">profit </span><span class="pp-class-166 pa t36798 l37006">or </span><span class="pp-class-166 pa t36798 l37007 ls48">loss </span><span class="pp-class-166 pa t36798 l37008">is </span><span class="pp-class-166 pa t36798 l23446 ls492">expect-</span><span class="pp-class-166 pa t36807 l3">ed </span><span class="pp-class-166 pa t36807 l1869 ls135">to </span><span class="pp-class-166 pa t36807 l15159 ls228">require </span><span class="pp-class-166 pa t36807 l37009 ls75">reclassification </span><span class="pp-class-166 pa t36807 l7228">of </span><span class="pp-class-166 pa t36807 l7229 ls187">certain </span><span class="pp-class-166 pa t36807 l37010 ls1740">accounts </span><span class="pp-class-166 pa t36807 l37011">in </span><span class="pp-class-166 pa t36807 l37012">the </span><span class="pp-class-166 pa t36807 l37013 ls1122">statement </span><span class="pp-class-166 pa t36807 l37014">of </span><span class="pp-class-166 pa t36807 l22307 ls564">profit </span><span class="pp-class-166 pa t36807 l37015">or </span><span class="pp-class-166 pa t36816 l3 ls48">loss </span><span class="pp-class-166 pa t36816 l37016">and </span><span class="pp-class-166 pa t36816 l28766 ls2022">redefinition </span><span class="pp-class-166 pa t36816 l37017">of </span><span class="pp-class-166 pa t36816 l37018">our </span><span class="pp-class-166 pa t36816 l37019 ls1119">key </span><span class="pp-class-166 pa t36816 l37020">financial </span><span class="pp-class-166 pa t36816 l37021 ls107">measures. </span><span class="pp-class-166 pa t36823 l3">IFRS </span><span class="pp-class-166 pa t36823 l11367">18 </span><span class="pp-class-166 pa t36823 l11368">and </span><span class="pp-class-166 pa t36823 l37022">all </span><span class="pp-class-166 pa t36823 l2970 ls1575">consequential </span><span class="pp-class-166 pa t36823 l7425">amendments </span><span class="pp-class-166 pa t36823 l37023 ls228">are </span><span class="pp-class-166 pa t36823 l20137 ls70">expected </span><span class="pp-class-166 pa t36823 l37024 ls135">to </span><span class="pp-class-166 pa t36823 l37025 ls267">take </span><span class="pp-class-166 pa t36823 l30631 ls2221">effect </span><span class="pp-class-166 pa t36823 l37026">on </span><span class="pp-class-166 pa t36830 l3">1 </span><span class="pp-class-166 pa t36830 l2138 ls1915">January </span><span class="pp-class-166 pa t36830 l37027">2027 </span><span class="pp-class-166 pa t36830 l37028">and </span><span class="pp-class-166 pa t36830 l37029">will </span><span class="pp-class-166 pa t36830 l37030">be </span><span class="pp-class-166 pa t36830 l37031">applied </span><span class="pp-class-166 pa t36830 l37032 ls3490">retrospectively. </span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37096 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37096 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37098 l3 ls1217">Operating </span><span class="pp-class-166 pa t37098 l10117">segments </span><span class="pp-class-166 pa t37098 l37099 ls228">are </span><span class="pp-class-166 pa t37098 l12478">defined </span><span class="pp-class-166 pa t37098 l37100">by </span><span class="pp-class-166 pa t37098 l37101">the </span><span class="pp-class-166 pa t37098 l31438 ls977">operational </span><span class="pp-class-166 pa t37098 l12474">and </span><span class="pp-class-166 pa t37098 l37102">management </span><span class="pp-class-166 pa t37098 l37103 ls428">structure </span><span class="pp-class-166 pa t37104 l3">of </span><span class="pp-class-166 pa t37104 l2457 ls73">DSV, </span><span class="pp-class-166 pa t37104 l19509">which </span><span class="pp-class-166 pa t37104 l37105">is </span><span class="pp-class-166 pa t37104 l37106 ls455">derived </span><span class="pp-class-166 pa t37104 l37107 ls267">from </span><span class="pp-class-166 pa t37104 l37108">the </span><span class="pp-class-166 pa t37104 l7112 ls1094">types </span><span class="pp-class-166 pa t37104 l37109">of </span><span class="pp-class-166 pa t37104 l11721 ls457">services </span><span class="pp-class-166 pa t37104 l37110 ls135">we </span><span class="pp-class-166 pa t37104 l27615 ls455">deliver </span><span class="pp-class-166 pa t37104 l37111">and </span><span class="pp-class-166 pa t37104 l37112">our </span><span class="pp-class-166 pa t37104 l37113">geo-</span><span class="pp-class-166 pa t37114 l3 ls851">graphical </span><span class="pp-class-166 pa t37114 l26521 ls265">presence </span><span class="pp-class-166 pa t37114 l12550">on </span><span class="pp-class-166 pa t37114 l37115">the </span><span class="pp-class-166 pa t37114 l37116" xmlns="http://www.w3.org/1999/xhtml">global </span><span class="pp-class-166 pa t37114 l37117 ls78">market. </span><span class="pp-class-166 pa t37114 l26864 ls2388">As </span><span class="pp-class-166 pa t37114 l32021">such, </span><span class="pp-class-166 pa t37114 l4084">our </span><span class="pp-class-166 pa t37114 l37118 ls1217">operating </span><span class="pp-class-166 pa t37114 l37119">segments </span><span class="pp-class-166 pa t37114 l37120 ls1860">re-</span><span class="pp-class-166 pa t37121 l3 ls794">flect </span><span class="pp-class-166 pa t37121 l8720">our </span><span class="pp-class-166 pa t37121 l37122">divisional </span><span class="pp-class-166 pa t37121 l28633">and </span><span class="pp-class-166 pa t37121 l37123 ls497">Group </span><span class="pp-class-166 pa t37121 l37124 ls1428">reporting </span><span class="pp-class-166 pa t37121 l32067">used </span><span class="pp-class-166 pa t37121 l3282 ls228">for </span><span class="pp-class-166 pa t37121 l3777 ls205">Management </span><span class="pp-class-166 pa t37121 l37125">decision </span><span class="pp-class-166 pa t37121 l37126">making.</span></p><div id="pp-id-4338" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37541 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls2500">Revenue </span><span class="pp-class-166 pa t3330 l13281 ls1674">comprises </span><span class="pp-class-166 pa t3330 l37542 ls1740">sale </span><span class="pp-class-166 pa t3330 l37543 ls2540">of </span><span class="pp-class-166 pa t3330 l37544 ls59">services </span><span class="pp-class-166 pa t3330 l3897 ls1528">and </span><span class="pp-class-166 pa t3330 l37545 ls1866">other </span><span class="pp-class-166 pa t3330 l37546 ls54">operating </span><span class="pp-class-166 pa t3330 l37547 ls73">income. </span><span class="pp-class-166 pa t3330 l7069 ls1740">Sale </span><span class="pp-class-166 pa t3330 l37548 ls2540">of </span><span class="pp-class-166 pa t3330 l37549 ls1217">services </span><span class="pp-class-166 pa t3338 l3 ls1428">comprises </span><span class="pp-class-166 pa t3338 l29180 ls856">freight </span><span class="pp-class-166 pa t3338 l37550 ls3962">forwarding </span><span class="pp-class-166 pa t3338 l37551 ls890">services, </span><span class="pp-class-166 pa t3338 l37010 ls704">contract </span><span class="pp-class-166 pa t3338 l37552 ls1881">logistics, </span><span class="pp-class-166 pa t3338 l37553">sale </span><span class="pp-class-166 pa t3338 l26054">of </span><span class="pp-class-166 pa t3338 l37554 ls552">property </span><span class="pp-class-166 pa t3348 l3 ls461">projects </span><span class="pp-class-166 pa t3348 l32800">and </span><span class="pp-class-166 pa t3348 l37555 ls75">other </span><span class="pp-class-166 pa t3348 l10054 ls1766">related </span><span class="pp-class-166 pa t3348 l10769 ls457">services </span><span class="pp-class-166 pa t3348 l4247 ls267">rendered. </span><span class="pp-class-166 pa t3348 l2717">Other </span><span class="pp-class-166 pa t3348 l37556 ls1217">operating </span><span class="pp-class-166 pa t3348 l37557 ls740">income </span><span class="pp-class-166 pa t3348 l37558">includes </span><span class="pp-class-166 pa t3360 l3 ls1674">rental </span><span class="pp-class-166 pa t3360 l37559 ls740">income </span><span class="pp-class-166 pa t3360 l37560 ls267">from </span><span class="pp-class-166 pa t3360 l37561 ls234">terminal </span><span class="pp-class-166 pa t3360 l37562">and </span><span class="pp-class-166 pa t3360 l37563">building </span><span class="pp-class-166 pa t3360 l37564 ls455">leases, </span><span class="pp-class-166 pa t3360 l37565">gains </span><span class="pp-class-166 pa t3360 l7200 ls267">from </span><span class="pp-class-166 pa t3360 l37566">disposal </span><span class="pp-class-166 pa t3360 l37567">of </span><span class="pp-class-166 pa t3360 l37568 ls19737">non-</span><span class="pp-class-166 pa t3373 l3 ls702">current </span><span class="pp-class-166 pa t3373 l30365 ls4053">assets </span><span class="pp-class-166 pa t3373 l15334">and </span><span class="pp-class-166 pa t3373 l37569 ls740">income </span><span class="pp-class-166 pa t3373 l37570 ls267">from </span><span class="pp-class-166 pa t3373 l28106 ls1418">insurance </span><span class="pp-class-166 pa t3373 l37571 ls1761">contracts. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls853">Revenue </span><span class="pp-class-166 pa t3375 l9874 ls267">from </span><span class="pp-class-166 pa t3375 l8547 ls457">services </span><span class="pp-class-166 pa t3375 l37572 ls3238">rendered </span><span class="pp-class-166 pa t3375 l7312">is </span><span class="pp-class-166 pa t3375 l9383 ls564">recognised </span><span class="pp-class-166 pa t3375 l31661">in </span><span class="pp-class-166 pa t3375 l37573 ls228">accordance </span><span class="pp-class-166 pa t3375 l37574">with </span><span class="pp-class-166 pa t3375 l33712">the </span><span class="pp-class-166 pa t3375 l37575 ls48">over </span><span class="pp-class-166 pa t3375 l37576">time </span><span class="pp-class-166 pa t3387 l3 ls5508">recognition </span><span class="pp-class-166 pa t3387 l37577">principle </span><span class="pp-class-166 pa t3387 l32726 ls851">following </span><span class="pp-class-166 pa t3387 l37578">the </span><span class="pp-class-166 pa t3387 l37579 ls205">satisfaction </span><span class="pp-class-166 pa t3387 l20287">of </span><span class="pp-class-166 pa t3387 l37580 ls455">various </span><span class="pp-class-166 pa t3387 l15386 ls154">milestones </span><span class="pp-class-166 pa t3387 l37581">as </span><span class="pp-class-166 pa t3387 l37582">the </span><span class="pp-class-166 pa t3395 l3 ls826">performance </span><span class="pp-class-166 pa t3395 l14105">obligations </span><span class="pp-class-166 pa t3395 l37583 ls228">are </span><span class="pp-class-166 pa t3395 l13359">fulfilled </span><span class="pp-class-166 pa t3395 l4451 ls2690">towards </span><span class="pp-class-166 pa t3395 l27776">the </span><span class="pp-class-166 pa t3395 l37584 ls6056">customer. </span><span class="pp-class-166 pa t3395 l37585">Our </span><span class="pp-class-166 pa t3395 l37586">main </span><span class="pp-class-166 pa t3395 l11383 ls457">services </span><span class="pp-class-166 pa t3406 l3 ls234">comprise </span><span class="pp-class-166 pa t3406 l5024">the </span><span class="pp-class-166 pa t3406 l23521 ls851">following:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3728 l3">Air </span><span class="pp-class-172 pa t3728 l26105 ls4079">services </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3417 l3">Air </span><span class="pp-class-166 pa t3417 l571 ls457">services </span><span class="pp-class-166 pa t3417 l33608 ls234">comprise </span><span class="pp-class-166 pa t3417 l31227">air </span><span class="pp-class-166 pa t3417 l37587 ls856">freight </span><span class="pp-class-166 pa t3417 l37588 ls1881">logistics. </span><span class="pp-class-166 pa t3417 l30289">Air </span><span class="pp-class-166 pa t3417 l37589 ls457">services </span><span class="pp-class-166 pa t3417 l37590 ls228">are </span><span class="pp-class-166 pa t3417 l37591 ls1740">reported </span><span class="pp-class-166 pa t3417 l37592">within </span><span class="pp-class-166 pa t3417 l37593">the </span><span class="pp-class-166 pa t3427 l3">Air </span><span class="pp-class-166 pa t3427 l571">&amp; </span><span class="pp-class-166 pa t3427 l572 ls1026">Sea </span><span class="pp-class-166 pa t3427 l574 ls1217">operating </span><span class="pp-class-166 pa t3427 l37594 ls1730">segment. </span><span class="pp-class-166 pa t3427 l37595">Air </span><span class="pp-class-166 pa t3427 l2166 ls457">services </span><span class="pp-class-166 pa t3427 l28584 ls228">are </span><span class="pp-class-166 pa t3427 l23999 ls428">characterised </span><span class="pp-class-166 pa t3427 l37596">by </span><span class="pp-class-166 pa t3427 l37597 ls2030">short </span><span class="pp-class-166 pa t3427 l37598 ls951">delivery </span><span class="pp-class-166 pa t3439 l3">times, </span><span class="pp-class-166 pa t3439 l37599">as </span><span class="pp-class-166 pa t3439 l37600 ls461">most </span><span class="pp-class-166 pa t3439 l36621">air </span><span class="pp-class-166 pa t3439 l37601 ls1378">transports </span><span class="pp-class-166 pa t3439 l37602 ls228">are </span><span class="pp-class-166 pa t3439 l37603 ls1021">completed </span><span class="pp-class-166 pa t3439 l10533">within </span><span class="pp-class-166 pa t3439 l33572">a </span><span class="pp-class-166 pa t3439 l37604 ls228">few </span><span class="pp-class-166 pa t3439 l37605 ls3593">days. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3466 l3 ls70">Sea </span><span class="pp-class-172 pa t3466 l26151 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3471 l3 ls1026">Sea </span><span class="pp-class-166 pa t3471 l26152 ls457">services </span><span class="pp-class-166 pa t3471 l37606 ls234">comprise </span><span class="pp-class-166 pa t3471 l37607 ls1026">sea </span><span class="pp-class-166 pa t3471 l37608 ls856">freight </span><span class="pp-class-166 pa t3471 l37609 ls1881">logistics. </span><span class="pp-class-166 pa t3471 l21498 ls1026">Sea </span><span class="pp-class-166 pa t3471 l27151 ls457">services </span><span class="pp-class-166 pa t3471 l8678 ls228">are </span><span class="pp-class-166 pa t3471 l37610 ls1740">reported </span><span class="pp-class-166 pa t3471 l37611">within </span><span class="pp-class-166 pa t3471 l31283">the </span><span class="pp-class-166 pa t3472 l3">Air </span><span class="pp-class-166 pa t3472 l571">&amp; </span><span class="pp-class-166 pa t3472 l572 ls1026">Sea </span><span class="pp-class-166 pa t3472 l574 ls1217">operating </span><span class="pp-class-166 pa t3472 l37594 ls1730">segment. </span><span class="pp-class-166 pa t3472 l37595 ls1026">Sea </span><span class="pp-class-166 pa t3472 l37612 ls457">services </span><span class="pp-class-166 pa t3472 l25897 ls228">are </span><span class="pp-class-166 pa t3472 l37613 ls428">characterised </span><span class="pp-class-166 pa t3472 l21455">by </span><span class="pp-class-166 pa t3472 l30550">longer </span><span class="pp-class-166 pa t3472 l37614 ls951">delivery </span><span class="pp-class-166 pa t3484 l3">times, </span><span class="pp-class-166 pa t3484 l37599 ls853">averaging </span><span class="pp-class-166 pa t3484 l12026">one </span><span class="pp-class-166 pa t3484 l15165">month </span><span class="pp-class-166 pa t3484 l37615">depending </span><span class="pp-class-166 pa t3484 l1886">on </span><span class="pp-class-166 pa t3484 l1887 ls455">destination. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3503 l3 ls1740">Road </span><span class="pp-class-172 pa t3503 l37616 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3817 l3 ls1122">Road </span><span class="pp-class-166 pa t3817 l616 ls457">services </span><span class="pp-class-166 pa t3817 l37617 ls234">comprise </span><span class="pp-class-166 pa t3817 l36301 ls267">road </span><span class="pp-class-166 pa t3817 l14977 ls856">freight </span><span class="pp-class-166 pa t3817 l10065 ls1881">logistics. </span><span class="pp-class-166 pa t3817 l37618 ls1122">Road </span><span class="pp-class-166 pa t3817 l4885 ls457">services </span><span class="pp-class-166 pa t3817 l37619 ls228">are </span><span class="pp-class-166 pa t3817 l37620 ls1740">reported </span><span class="pp-class-166 pa t3817 l37621">within </span><span class="pp-class-166 pa t3511 l3">the </span><span class="pp-class-166 pa t3511 l1913 ls1122">Road </span><span class="pp-class-166 pa t3511 l37622 ls1217">operating </span><span class="pp-class-166 pa t3511 l37623 ls1730">segment. </span><span class="pp-class-166 pa t3511 l19493 ls1122">Road </span><span class="pp-class-166 pa t3511 l37624 ls457">services </span><span class="pp-class-166 pa t3511 l37625 ls228">are </span><span class="pp-class-166 pa t3511 l37626 ls428">characterised </span><span class="pp-class-166 pa t3511 l23821">by </span><span class="pp-class-166 pa t3511 l21247 ls2030">short </span><span class="pp-class-166 pa t3511 l37627 ls951">delivery </span><span class="pp-class-166 pa t3522 l3">times, </span><span class="pp-class-166 pa t3522 l37599">as </span><span class="pp-class-166 pa t3522 l37600 ls461">most </span><span class="pp-class-166 pa t3522 l36621 ls267">road </span><span class="pp-class-166 pa t3522 l10418 ls1378">transports </span><span class="pp-class-166 pa t3522 l37628 ls228">are </span><span class="pp-class-166 pa t3522 l23101 ls1021">completed </span><span class="pp-class-166 pa t3522 l6380">within </span><span class="pp-class-166 pa t3522 l37629">a </span><span class="pp-class-166 pa t3522 l37630 ls228">few </span><span class="pp-class-166 pa t3522 l37631 ls3593">days. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3542 l3 ls1683">Contract </span><span class="pp-class-172 pa t3542 l22046 ls226">Logistics </span><span class="pp-class-172 pa t3542 l37632 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3553 l3 ls461">Contract </span><span class="pp-class-166 pa t3553 l659 ls101">Logistics </span><span class="pp-class-166 pa t3553 l661 ls457">services </span><span class="pp-class-166 pa t3553 l867">include </span><span class="pp-class-166 pa t3553 l37633 ls1129">warehousing </span><span class="pp-class-166 pa t3553 l37634">and </span><span class="pp-class-166 pa t3553 l32596 ls226">inventory </span><span class="pp-class-166 pa t3553 l37635">management </span><span class="pp-class-166 pa t3562 l3 ls890">services. </span><span class="pp-class-166 pa t3562 l37636 ls461">Contract </span><span class="pp-class-166 pa t3562 l37637 ls101">Logistics </span><span class="pp-class-166 pa t3562 l37638 ls457">services </span><span class="pp-class-166 pa t3562 l37639 ls228">are </span><span class="pp-class-166 pa t3562 l37640 ls1740">reported </span><span class="pp-class-166 pa t3562 l36708">within </span><span class="pp-class-166 pa t3562 l23027">the </span><span class="pp-class-166 pa t3562 l37641 ls461">Contract </span><span class="pp-class-166 pa t3562 l37642 ls101">Logistics </span><span class="pp-class-166 pa t3573 l3 ls1217">operating </span><span class="pp-class-166 pa t3573 l17518 ls1730">segment. </span><span class="pp-class-166 pa t3573 l23296 ls461">Contract </span><span class="pp-class-166 pa t3573 l37643 ls101">Logistics </span><span class="pp-class-166 pa t3573 l37644 ls457">services </span><span class="pp-class-166 pa t3573 l30764 ls228">are </span><span class="pp-class-166 pa t3573 l37645 ls428">characterised </span><span class="pp-class-166 pa t3573 l37646">by </span><span class="pp-class-166 pa t3573 l37647 ls2030">very </span><span class="pp-class-166 pa t3573 l37648 ls2030">short </span><span class="pp-class-166 pa t3884 l3 ls951">delivery </span><span class="pp-class-166 pa t3884 l30033">times, </span><span class="pp-class-166 pa t3884 l37649">happening </span><span class="pp-class-166 pa t3884 l37650 ls226">almost </span><span class="pp-class-166 pa t3884 l13742 ls18641">instantaneously.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t5448 l3"/></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3577 l3 ls2540">Recognition </span><span class="pp-class-172 pa t3577 l36665">principles</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3586 l3 ls853">Revenue </span><span class="pp-class-166 pa t3586 l9874 ls267">from </span><span class="pp-class-166 pa t3586 l8547 ls457">services </span><span class="pp-class-166 pa t3586 l37572 ls3238">rendered </span><span class="pp-class-166 pa t3586 l7312 ls228">are </span><span class="pp-class-166 pa t3586 l18932 ls564">recognised </span><span class="pp-class-166 pa t3586 l37651">based </span><span class="pp-class-166 pa t3586 l16056">on </span><span class="pp-class-166 pa t3586 l30608">the </span><span class="pp-class-166 pa t3586 l1754 ls189">price </span><span class="pp-class-166 pa t3586 l10523">specified </span><span class="pp-class-166 pa t3586 l37652">in </span><span class="pp-class-166 pa t3596 l3">the </span><span class="pp-class-166 pa t3596 l1913 ls704">contract </span><span class="pp-class-166 pa t3596 l37653">with </span><span class="pp-class-166 pa t3596 l37550">the </span><span class="pp-class-166 pa t3596 l37654 ls6056">customer. </span><span class="pp-class-166 pa t3596 l3765 ls853">Revenue </span><span class="pp-class-166 pa t3596 l37655">is </span><span class="pp-class-166 pa t3596 l37656 ls1528">measured </span><span class="pp-class-166 pa t3596 l37657 ls164">excluding </span><span class="pp-class-166 pa t3596 l37658 ls37659">VAT </span><span class="pp-class-166 pa t3596 l37660">and </span><span class="pp-class-166 pa t3596 l37661 ls75">other </span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3624 l3 ls2236">taxes </span><span class="pp-class-166 pa t3624 l37662 ls428">collected </span><span class="pp-class-166 pa t3624 l5616">on </span><span class="pp-class-166 pa t3624 l5843">behalf </span><span class="pp-class-166 pa t3624 l37663">of </span><span class="pp-class-166 pa t3624 l3507 ls497">third </span><span class="pp-class-166 pa t3624 l37664 ls3185">parties, </span><span class="pp-class-166 pa t3624 l37665">and </span><span class="pp-class-166 pa t3624 l37666">any </span><span class="pp-class-166 pa t3624 l11478 ls1428">discounts </span><span class="pp-class-166 pa t3624 l24462 ls228">are </span><span class="pp-class-166 pa t3624 l32260 ls377">offset </span><span class="pp-class-166 pa t3624 l37667 ls48">against </span><span class="pp-class-166 pa t3330 l3">the </span><span class="pp-class-166 pa t3330 l1913 ls1528">revenue. </span><span class="pp-class-166 pa t3330 l29424 ls495">Incremental </span><span class="pp-class-166 pa t3330 l12088 ls1129">costs </span><span class="pp-class-166 pa t3330 l37668">of </span><span class="pp-class-166 pa t3330 l9267 ls704">obtaining </span><span class="pp-class-166 pa t3330 l24862">a </span><span class="pp-class-166 pa t3330 l18854 ls704">contract </span><span class="pp-class-166 pa t3330 l5652">with </span><span class="pp-class-166 pa t3330 l37669">a </span><span class="pp-class-166 pa t3330 l22785 ls740">customer </span><span class="pp-class-166 pa t3330 l37670 ls228">are </span><span class="pp-class-166 pa t3330 l37671 ls1528">not </span><span class="pp-class-166 pa t3338 l3 ls11830">recognised </span><span class="pp-class-166 pa t3338 l6034 ls2325">as </span><span class="pp-class-166 pa t3338 l37672 ls2325">an </span><span class="pp-class-166 pa t3338 l37673 ls2267">asset </span><span class="pp-class-166 pa t3338 l36588 ls12413">but </span><span class="pp-class-166 pa t3338 l37674 ls2325">as </span><span class="pp-class-166 pa t3338 l10450 ls3381">a </span><span class="pp-class-166 pa t3338 l9473 ls2364">cost </span><span class="pp-class-166 pa t3338 l37675 ls7096">when </span><span class="pp-class-166 pa t3338 l37676 ls386">incurred, </span><span class="pp-class-166 pa t3338 l37677 ls12413">due </span><span class="pp-class-166 pa t3338 l37678 ls19049">to </span><span class="pp-class-166 pa t3338 l37679 ls12413">the </span><span class="pp-class-166 pa t3338 l37680 ls1855">short </span><span class="pp-class-166 pa t3338 l37681 ls7353">delivery </span><span class="pp-class-166 pa t3338 l37682 ls2675">times. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3360 l3 ls1462">Trade </span><span class="pp-class-166 pa t3360 l8738 ls1444">receivables </span><span class="pp-class-166 pa t3360 l9955 ls228">are </span><span class="pp-class-166 pa t3360 l37683 ls1528">not </span><span class="pp-class-166 pa t3360 l37684 ls740">adjusted </span><span class="pp-class-166 pa t3360 l37685 ls228">for </span><span class="pp-class-166 pa t3360 l10554">financing </span><span class="pp-class-166 pa t3360 l37686 ls923">components </span><span class="pp-class-166 pa t3360 l37687">due </span><span class="pp-class-166 pa t3360 l37688 ls135">to </span><span class="pp-class-166 pa t3360 l37689 ls2030">short </span><span class="pp-class-166 pa t3373 l3 ls564">credit </span><span class="pp-class-166 pa t3373 l9100 ls740">terms, </span><span class="pp-class-166 pa t3373 l37690 ls1839">typically </span><span class="pp-class-166 pa t3373 l797 ls59">ranging </span><span class="pp-class-166 pa t3373 l37691 ls267">from </span><span class="pp-class-166 pa t3373 l37692">14 </span><span class="pp-class-166 pa t3373 l37693 ls135">to </span><span class="pp-class-166 pa t3373 l17537">60 </span><span class="pp-class-166 pa t3373 l37694 ls3593">days, </span><span class="pp-class-166 pa t3373 l37695 ls851">rendering </span><span class="pp-class-166 pa t3373 l37696">the </span><span class="pp-class-166 pa t3373 l29459">financing </span><span class="pp-class-166 pa t3682 l3 ls1428">component </span><span class="pp-class-166 pa t3682 l37697 ls3593">insignificant. </span><span class="pp-class-166 pa t3682 l37698 ls497">Where </span><span class="pp-class-166 pa t3682 l37699 ls457">services </span><span class="pp-class-166 pa t3682 l27782 ls3238">rendered </span><span class="pp-class-166 pa t3682 l37700 ls48">have </span><span class="pp-class-166 pa t3682 l14864 ls234">yet </span><span class="pp-class-166 pa t3682 l29983 ls135">to </span><span class="pp-class-166 pa t3682 l15239">be </span><span class="pp-class-166 pa t3682 l7646 ls1217">invoiced </span><span class="pp-class-166 pa t3682 l37701">and </span><span class="pp-class-166 pa t3375 l3 ls1217">invoices </span><span class="pp-class-166 pa t3375 l34645">on </span><span class="pp-class-166 pa t3375 l37702 ls457">services </span><span class="pp-class-166 pa t3375 l27372 ls1416">received </span><span class="pp-class-166 pa t3375 l5414 ls267">from </span><span class="pp-class-166 pa t3375 l5345">hauliers </span><span class="pp-class-166 pa t3375 l8953 ls556">still </span><span class="pp-class-166 pa t3375 l14863 ls48">have </span><span class="pp-class-166 pa t3375 l20334 ls135">to </span><span class="pp-class-166 pa t3375 l37703">be </span><span class="pp-class-166 pa t3375 l23641 ls497">received, </span><span class="pp-class-166 pa t3375 l37704 ls704">contract </span><span class="pp-class-166 pa t3387 l3 ls4053">assets </span><span class="pp-class-166 pa t3387 l2820">and </span><span class="pp-class-166 pa t3387 l37705 ls187">accrued </span><span class="pp-class-166 pa t3387 l37706 ls3490">cost </span><span class="pp-class-166 pa t3387 l37707">of </span><span class="pp-class-166 pa t3387 l27203 ls457">services </span><span class="pp-class-166 pa t3387 l37708 ls228">are </span><span class="pp-class-166 pa t3387 l37709 ls564">recognised </span><span class="pp-class-166 pa t3387 l37710">at </span><span class="pp-class-166 pa t3387 l37711">the </span><span class="pp-class-166 pa t3387 l14091 ls1428">reporting </span><span class="pp-class-166 pa t3387 l37712 ls189">date. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3406 l3 ls853">Revenue </span><span class="pp-class-166 pa t3406 l9874 ls853">allocated </span><span class="pp-class-166 pa t3406 l37632 ls135">to </span><span class="pp-class-166 pa t3406 l37713 ls851">remaining </span><span class="pp-class-166 pa t3406 l37714 ls826">performance </span><span class="pp-class-166 pa t3406 l27776">obligations </span><span class="pp-class-166 pa t3406 l37715 ls228">are </span><span class="pp-class-166 pa t3406 l37716 ls1528">not </span><span class="pp-class-166 pa t3406 l37717">disclosed </span><span class="pp-class-166 pa t3722 l3 ls851">following </span><span class="pp-class-166 pa t3722 l3761">the </span><span class="pp-class-166 pa t3722 l37718 ls377">practical </span><span class="pp-class-166 pa t3722 l37719 ls86">expedient </span><span class="pp-class-166 pa t3722 l37720">of </span><span class="pp-class-166 pa t3722 l37721">IFRS </span><span class="pp-class-166 pa t3722 l9999">15. </span><span class="pp-class-166 pa t3722 l37722 ls853">Revenue </span><span class="pp-class-166 pa t3722 l37723">also </span><span class="pp-class-166 pa t3722 l37724 ls1428">comprises </span><span class="pp-class-166 pa t3722 l37725 ls740">income </span><span class="pp-class-166 pa t3728 l3 ls267">from </span><span class="pp-class-166 pa t3728 l2065">sale </span><span class="pp-class-166 pa t3728 l18848">of </span><span class="pp-class-166 pa t3728 l37726 ls552">property </span><span class="pp-class-166 pa t3728 l37654 ls461">projects </span><span class="pp-class-166 pa t3728 l37727">in </span><span class="pp-class-166 pa t3728 l37728">the </span><span class="pp-class-166 pa t3728 l37729 ls267">form </span><span class="pp-class-166 pa t3728 l37730">of </span><span class="pp-class-166 pa t3728 l37731">sale </span><span class="pp-class-166 pa t3728 l37732">of </span><span class="pp-class-166 pa t3728 l37733">land </span><span class="pp-class-166 pa t3728 l37734">and </span><span class="pp-class-166 pa t3728 l33930">buildings </span><span class="pp-class-166 pa t3728 l3605 ls702">acquired, </span><span class="pp-class-166 pa t3417 l3 ls4053">constructed </span><span class="pp-class-166 pa t3417 l37735">and </span><span class="pp-class-166 pa t3417 l37736">held </span><span class="pp-class-166 pa t3417 l37737 ls228">for </span><span class="pp-class-166 pa t3417 l14996">sale </span><span class="pp-class-166 pa t3417 l31563">in </span><span class="pp-class-166 pa t3417 l37738">the </span><span class="pp-class-166 pa t3417 l37739 ls1849">ordinary </span><span class="pp-class-166 pa t3417 l10474 ls740">course </span><span class="pp-class-166 pa t3417 l37740">of </span><span class="pp-class-166 pa t3417 l37741 ls394">business. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3 ls853">Revenue </span><span class="pp-class-166 pa t3439 l9874 ls267">from </span><span class="pp-class-166 pa t3439 l8547 ls552">property </span><span class="pp-class-166 pa t3439 l20929 ls461">projects </span><span class="pp-class-166 pa t3439 l25861">is </span><span class="pp-class-166 pa t3439 l27745 ls564">recognised </span><span class="pp-class-166 pa t3439 l35881">at </span><span class="pp-class-166 pa t3439 l31154">a </span><span class="pp-class-166 pa t3439 l37742">point </span><span class="pp-class-166 pa t3439 l29580">in </span><span class="pp-class-166 pa t3439 l37743">time </span><span class="pp-class-166 pa t3439 l37744">in </span><span class="pp-class-166 pa t3439 l36718">the </span><span class="pp-class-166 pa t3439 l37745 ls1217">operating </span><span class="pp-class-166 pa t3451 l3">segment </span><span class="pp-class-166 pa t3451 l3022 ls135">to </span><span class="pp-class-166 pa t3451 l37746">which </span><span class="pp-class-166 pa t3451 l9371">it </span><span class="pp-class-166 pa t3451 l37747 ls265">relates. </span><span class="pp-class-166 pa t3451 l23344 ls951">Delivery </span><span class="pp-class-166 pa t3451 l32258">times </span><span class="pp-class-166 pa t3451 l12429">on </span><span class="pp-class-166 pa t3451 l37748 ls552">property </span><span class="pp-class-166 pa t3451 l37749 ls461">projects </span><span class="pp-class-166 pa t3451 l37750 ls228">are </span><span class="pp-class-166 pa t3451 l37751 ls1839">typically </span><span class="pp-class-166 pa t3466 l3">8-18 </span><span class="pp-class-166 pa t3466 l37752">months. </span><span class="pp-class-166 pa t3466 l37753">If </span><span class="pp-class-166 pa t3466 l37754">the </span><span class="pp-class-166 pa t3466 l37755 ls552">property </span><span class="pp-class-166 pa t3466 l37756">is </span><span class="pp-class-166 pa t3466 l37757 ls239">leased </span><span class="pp-class-166 pa t3466 l37758">back </span><span class="pp-class-166 pa t3466 l37759 ls101">after </span><span class="pp-class-166 pa t3466 l37760 ls180">completion, </span><span class="pp-class-166 pa t3466 l31320">the </span><span class="pp-class-166 pa t3466 l37761 ls977">right-of-use </span><span class="pp-class-166 pa t3471 l3 ls1428">asset </span><span class="pp-class-166 pa t3471 l37762">arising </span><span class="pp-class-166 pa t3471 l27040 ls267">from </span><span class="pp-class-166 pa t3471 l37763">the </span><span class="pp-class-166 pa t3471 l28750 ls394">leaseback </span><span class="pp-class-166 pa t3471 l37764">is </span><span class="pp-class-166 pa t3471 l37765 ls564">recognised </span><span class="pp-class-166 pa t3471 l37766">at </span><span class="pp-class-166 pa t3471 l4911">the </span><span class="pp-class-166 pa t3471 l37767 ls923">proportion </span><span class="pp-class-166 pa t3471 l37768">of </span><span class="pp-class-166 pa t3471 l32782">the </span><span class="pp-class-166 pa t3471 l2041 ls66">previous </span><span class="pp-class-166 pa t3472 l3 ls205">carrying </span><span class="pp-class-166 pa t3472 l36341">amount </span><span class="pp-class-166 pa t3472 l4946">of </span><span class="pp-class-166 pa t3472 l6774">the </span><span class="pp-class-166 pa t3472 l2615 ls1428">asset </span><span class="pp-class-166 pa t3472 l20263">that </span><span class="pp-class-166 pa t3472 l1948 ls1766">relates </span><span class="pp-class-166 pa t3472 l37769 ls135">to </span><span class="pp-class-166 pa t3472 l37770">the </span><span class="pp-class-166 pa t3472 l27541">right </span><span class="pp-class-166 pa t3472 l37771">of </span><span class="pp-class-166 pa t3472 l25914">use </span><span class="pp-class-166 pa t3472 l37772 ls1416">retained </span><span class="pp-class-166 pa t3472 l3085">by </span><span class="pp-class-166 pa t3472 l35138 ls2500">DSV.</span></p><div id="pp-id-4346" xmlns="http://www.w3.org/1999/xhtml"><div class="w37895 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37896 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37896 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37897 l3 ls1575">Direct </span><span class="pp-class-166 pa t37897 l13166 ls1129">costs </span><span class="pp-class-166 pa t37897 l7268 ls234">comprise </span><span class="pp-class-166 pa t37897 l37898 ls1129">costs </span><span class="pp-class-166 pa t37897 l37899">paid </span><span class="pp-class-166 pa t37897 l22388 ls135">to </span><span class="pp-class-166 pa t37897 l14315 ls3962">generate </span><span class="pp-class-166 pa t37897 l37900">the </span><span class="pp-class-166 pa t37897 l4951 ls1528">revenue. </span><span class="pp-class-166 pa t37897 l37901 ls1575">Direct </span><span class="pp-class-166 pa t37897 l37902 ls1129">costs </span><span class="pp-class-166 pa t37897 l37903">include </span><span class="pp-class-166 pa t37904 l3 ls1026">settlement </span><span class="pp-class-166 pa t37904 l37905">of </span><span class="pp-class-166 pa t37904 l37906 ls1740">accounts </span><span class="pp-class-166 pa t37904 l14560">with </span><span class="pp-class-166 pa t37904 l26646">haulage </span><span class="pp-class-166 pa t37904 l37907 ls59">contractors, </span><span class="pp-class-166 pa t37904 l37908">shipping </span><span class="pp-class-166 pa t37904 l37909 ls923">companies, </span><span class="pp-class-166 pa t37904 l37910">airlines, </span><span class="pp-class-166 pa t37911 l3 ls1831">etc. </span><span class="pp-class-166 pa t37911 l37912 ls1575">Direct </span><span class="pp-class-166 pa t37911 l14330 ls1129">costs </span><span class="pp-class-166 pa t37911 l2497">also </span><span class="pp-class-166 pa t37911 l37913">include </span><span class="pp-class-166 pa t37911 l2997 ls1575">staff </span><span class="pp-class-166 pa t37911 l5760 ls1129">costs </span><span class="pp-class-166 pa t37911 l37914 ls66">relating </span><span class="pp-class-166 pa t37911 l37915 ls135">to </span><span class="pp-class-166 pa t37911 l37916">hourly </span><span class="pp-class-166 pa t37911 l7510 ls59">workers </span><span class="pp-class-166 pa t37911 l37917">used </span><span class="pp-class-166 pa t37911 l37918 ls228">for </span><span class="pp-class-166 pa t37919 l3">fulfilling </span><span class="pp-class-166 pa t37919 l37920 ls564">orders </span><span class="pp-class-166 pa t37919 l37921">and </span><span class="pp-class-166 pa t37919 l31359 ls75">other </span><span class="pp-class-166 pa t37919 l7639 ls1575">direct </span><span class="pp-class-166 pa t37919 l37922 ls1129">costs </span><span class="pp-class-166 pa t37919 l13032">of </span><span class="pp-class-166 pa t37919 l37923 ls154">operation, </span><span class="pp-class-166 pa t37919 l16192">such </span><span class="pp-class-166 pa t37919 l2017">as </span><span class="pp-class-166 pa t37919 l37924 ls1674">rental </span><span class="pp-class-166 pa t37919 l37925">of </span><span class="pp-class-166 pa t37919 l37926 ls1452">logistics </span><span class="pp-class-166 pa t37927 l3 ls187">facilities </span><span class="pp-class-166 pa t37927 l10844">and </span><span class="pp-class-166 pa t37927 l33425 ls1129">costs </span><span class="pp-class-166 pa t37927 l9804 ls66">relating </span><span class="pp-class-166 pa t37927 l13460 ls135">to </span><span class="pp-class-166 pa t37927 l37928 ls552">property </span><span class="pp-class-166 pa t37927 l22039 ls461">projects.</span></p></div></div><div class="pp-class-4" id="pp-id-4349" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37938 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37939 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37939 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37940 l3">Other </span><span class="pp-class-166 pa t37940 l4385 ls59">external </span><span class="pp-class-166 pa t37940 l13173 ls1129">costs </span><span class="pp-class-166 pa t37940 l26575 ls234">comprise </span><span class="pp-class-166 pa t37940 l37941 ls1129">costs </span><span class="pp-class-166 pa t37940 l28999 ls66">relating </span><span class="pp-class-166 pa t37940 l30655 ls135">to </span><span class="pp-class-166 pa t37940 l37942 ls13624">IT, </span><span class="pp-class-166 pa t37940 l37943 ls455">marketing, </span><span class="pp-class-166 pa t37940 l37944 ls2022">consultants, </span><span class="pp-class-166 pa t37945 l3 ls75">other </span><span class="pp-class-166 pa t37945 l1276 ls1831">rent, </span><span class="pp-class-166 pa t37945 l28279 ls740">training </span><span class="pp-class-166 pa t37945 l37946">and </span><span class="pp-class-166 pa t37945 l37947 ls1026">education, </span><span class="pp-class-166 pa t37945 l37948 ls93">office </span><span class="pp-class-166 pa t37945 l37949 ls851">premises, </span><span class="pp-class-166 pa t37945 l27991 ls394">travelling, </span><span class="pp-class-166 pa t37945 l30543 ls1761">communications </span><span class="pp-class-166 pa t37950 l3">as </span><span class="pp-class-166 pa t37950 l2424 ls1122">well </span><span class="pp-class-166 pa t37950 l5438">as </span><span class="pp-class-166 pa t37950 l5439 ls75">other </span><span class="pp-class-166 pa t37950 l37951">selling </span><span class="pp-class-166 pa t37950 l30020">and </span><span class="pp-class-166 pa t37950 l37952 ls154">administrative </span><span class="pp-class-166 pa t37950 l33283 ls2540">costs, </span><span class="pp-class-166 pa t37950 l37953 ls48">less </span><span class="pp-class-166 pa t37950 l3880 ls1129">costs </span><span class="pp-class-166 pa t37950 l12458 ls228">transferred </span><span class="pp-class-166 pa t37950 l37954 ls135">to </span><span class="pp-class-166 pa t37955 l3 ls1575">direct </span><span class="pp-class-166 pa t37955 l15470 ls1129">costs.</span></p></div></div><div id="pp-id-4352" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37971 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37972 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37972 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37973 l3 ls826">Staff </span><span class="pp-class-166 pa t37973 l616 ls1129">costs </span><span class="pp-class-166 pa t37973 l37974 ls234">comprise </span><span class="pp-class-166 pa t37973 l21048">salaries </span><span class="pp-class-166 pa t37973 l37975">and </span><span class="pp-class-166 pa t37973 l5057 ls704">wages, </span><span class="pp-class-166 pa t37973 l37976">pension </span><span class="pp-class-166 pa t37973 l37977 ls2540">costs, </span><span class="pp-class-166 pa t37973 l37978">social </span><span class="pp-class-166 pa t37973 l23821 ls1617">security </span><span class="pp-class-166 pa t37973 l37979 ls2540">costs, </span><span class="pp-class-166 pa t37980 l3 ls1129">costs </span><span class="pp-class-166 pa t37980 l37981 ls66">relating </span><span class="pp-class-166 pa t37980 l37982 ls135">to </span><span class="pp-class-166 pa t37980 l13221 ls497">share </span><span class="pp-class-166 pa t37980 l37983">options </span><span class="pp-class-166 pa t37980 l7197">schemes </span><span class="pp-class-166 pa t37980 l37340">and </span><span class="pp-class-166 pa t37980 l19849 ls75">other </span><span class="pp-class-166 pa t37980 l37984 ls1575">staff </span><span class="pp-class-166 pa t37980 l37985 ls1129">costs </span><span class="pp-class-166 pa t37980 l4239 ls228">for </span><span class="pp-class-166 pa t37980 l37986">salaried </span><span class="pp-class-166 pa t37987 l3">employees. </span><span class="pp-class-166 pa t37987 l30144 ls826">Staff </span><span class="pp-class-166 pa t37987 l37988 ls1129">costs </span><span class="pp-class-166 pa t37987 l37989 ls228">for </span><span class="pp-class-166 pa t37987 l37990">hourly </span><span class="pp-class-166 pa t37987 l19006 ls740">workers, </span><span class="pp-class-166 pa t37987 l37991 ls564">recognised </span><span class="pp-class-166 pa t37987 l37992">as </span><span class="pp-class-166 pa t37987 l37993 ls1575">direct </span><span class="pp-class-166 pa t37987 l37994 ls2540">costs, </span><span class="pp-class-166 pa t37995 l3 ls228">are </span><span class="pp-class-166 pa t37995 l2357 ls851">excluded.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37996 l3 ls2487">Reference </span><span class="pp-class-166 pa t37996 l37997">is </span><span class="pp-class-166 pa t37996 l37998">made </span><span class="pp-class-166 pa t37996 l37999 ls135">to </span><span class="pp-class-171 pa t37996 l38000 ls73">note </span><span class="pp-class-171 pa t37996 l23017">3.7</span><span class="pp-class-166 pa t37996 l38001"/><span class="pp-class-166 pa t37996 l33409 ls228">for </span><span class="pp-class-166 pa t37996 l38002 ls1217">detailed </span><span class="pp-class-166 pa t37996 l38003 ls740">information </span><span class="pp-class-166 pa t37996 l38004 ls267">regarding </span><span class="pp-class-166 pa t37996 l38005">pensions </span><span class="pp-class-166 pa t38006 l3">and </span><span class="pp-class-166 pa t38006 l1192 ls75">other </span><span class="pp-class-166 pa t38006 l15371 ls394">post-employment </span><span class="pp-class-166 pa t38006 l38007">benefit </span><span class="pp-class-166 pa t38006 l38008">plans, </span><span class="pp-class-171 pa t38006 l38009 ls73">note </span><span class="pp-class-171 pa t38006 l26256">6.3</span><span class="pp-class-171 pa t38006 l38010"/><span class="pp-class-166 pa t38006 l38011 ls228">for </span><span class="pp-class-166 pa t38006 l38012 ls740">information </span><span class="pp-class-166 pa t38006 l34642">on </span><span class="pp-class-166 pa t38006 l38013 ls267">remu-</span><span class="pp-class-166 pa t38014 l3 ls740">neration </span><span class="pp-class-166 pa t38014 l38015">of </span><span class="pp-class-166 pa t38014 l38016">the </span><span class="pp-class-166 pa t38014 l38017 ls93">Executive </span><span class="pp-class-166 pa t38014 l15049 ls497">Board </span><span class="pp-class-166 pa t38014 l13731">and </span><span class="pp-class-166 pa t38014 l34659">the </span><span class="pp-class-166 pa t38014 l38018 ls497">Board </span><span class="pp-class-166 pa t38014 l38019">of </span><span class="pp-class-166 pa t38014 l38020 ls826">Directors </span><span class="pp-class-166 pa t38014 l38021">and </span><span class="pp-class-171 pa t38014 l38022 ls73">note </span><span class="pp-class-171 pa t38014 l38023">6.2</span><span class="pp-class-166 pa t38014 l38024"/><span class="pp-class-166 pa t38014 l38025 ls228">for </span><span class="pp-class-166 pa t38026 l3 ls1217">detailed </span><span class="pp-class-166 pa t38026 l1975 ls740">information </span><span class="pp-class-166 pa t38026 l38027">on </span><span class="pp-class-166 pa t38026 l38028">the </span><span class="pp-class-166 pa t38026 l38029 ls1165">Group’s </span><span class="pp-class-166 pa t38026 l2625 ls497">share </span><span class="pp-class-166 pa t38026 l26496">option </span><span class="pp-class-166 pa t38026 l38030">schemes.</span></p></div></div><div id="pp-id-4355" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38061 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38062 l3 ls5287">Accounting </span><span class="pp-class-170 pa t38062 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38063 l3 ls492">Amortisation </span><span class="pp-class-166 pa t38063 l13190">and </span><span class="pp-class-166 pa t38063 l11987 ls2022">depreciation </span><span class="pp-class-166 pa t38063 l38064 ls228">for </span><span class="pp-class-166 pa t38063 l38065">the </span><span class="pp-class-166 pa t38063 l38066 ls48">year </span><span class="pp-class-166 pa t38063 l30948 ls228">are </span><span class="pp-class-166 pa t38063 l38067 ls564">recognised </span><span class="pp-class-166 pa t38063 l30393">based </span><span class="pp-class-166 pa t38063 l36730">on </span><span class="pp-class-166 pa t38063 l23310">the </span><span class="pp-class-166 pa t38063 l38068 ls2307">amor-</span><span class="pp-class-166 pa t38069 l3">tisation </span><span class="pp-class-166 pa t38069 l38070">and </span><span class="pp-class-166 pa t38069 l19446 ls2022">depreciation </span><span class="pp-class-166 pa t38069 l28242 ls66">profiles </span><span class="pp-class-166 pa t38069 l27895">of </span><span class="pp-class-166 pa t38069 l10519">the </span><span class="pp-class-166 pa t38069 l38071">underlying </span><span class="pp-class-166 pa t38069 l26081 ls428">assets. </span><span class="pp-class-166 pa t38069 l38072 ls17094">Rreference </span><span class="pp-class-166 pa t38069 l38073">is </span><span class="pp-class-166 pa t38069 l38074">made </span><span class="pp-class-166 pa t38075 l3 ls135">to </span><span class="pp-class-171 pa t38075 l2457 ls4162">notes </span><span class="pp-class-171 pa t38075 l28805 ls2275">3.2</span><span class="pp-class-166 pa t38075 l37746">, </span><span class="pp-class-171 pa t38075 l38076 ls2275">3.3</span><span class="pp-class-166 pa t38075 l11947"/><span class="pp-class-166 pa t38075 l38077">and </span><span class="pp-class-171 pa t38075 l38078 ls2275">3.6</span><span class="pp-class-166 pa t38075 l38079">.</span></p></div></div><div class="pp-class-4" id="pp-id-4358" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38107 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38108 l3 ls5287">Accounting </span><span class="pp-class-170 pa t38108 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38109 l3">Special </span><span class="pp-class-166 pa t38109 l5262 ls189">items </span><span class="pp-class-166 pa t38109 l38110 ls228">are </span><span class="pp-class-166 pa t38109 l13932">used </span><span class="pp-class-166 pa t38109 l38111">in </span><span class="pp-class-166 pa t38109 l26168 ls1435">connection </span><span class="pp-class-166 pa t38109 l3673">with </span><span class="pp-class-166 pa t38109 l38112">the </span><span class="pp-class-166 pa t38109 l38113 ls107">presentation </span><span class="pp-class-166 pa t38109 l38114">of </span><span class="pp-class-166 pa t38109 l38115 ls564">profit </span><span class="pp-class-166 pa t38109 l38116">or </span><span class="pp-class-166 pa t38109 l38117 ls48">loss </span><span class="pp-class-166 pa t38109 l38118 ls228">for </span><span class="pp-class-166 pa t38119 l3">the </span><span class="pp-class-166 pa t38119 l1913 ls48">year </span><span class="pp-class-166 pa t38119 l21073 ls135">to </span><span class="pp-class-166 pa t38119 l38120 ls239">distinguish </span><span class="pp-class-166 pa t38119 l38121 ls1119">consolidated </span><span class="pp-class-166 pa t38119 l38122 ls1217">operating </span><span class="pp-class-166 pa t38119 l38123 ls564">profit </span><span class="pp-class-166 pa t38119 l38124 ls267">from </span><span class="pp-class-166 pa t38119 l7559 ls1129">exceptional </span><span class="pp-class-166 pa t38119 l38125 ls740">items, </span><span class="pp-class-166 pa t38126 l3">which, </span><span class="pp-class-166 pa t38126 l22309">by </span><span class="pp-class-166 pa t38126 l35186">their </span><span class="pp-class-166 pa t38126 l33154 ls856">nature, </span><span class="pp-class-166 pa t38126 l38127 ls228">are </span><span class="pp-class-166 pa t38126 l4401 ls1528">not </span><span class="pp-class-166 pa t38126 l34279 ls1766">related </span><span class="pp-class-166 pa t38126 l22330 ls135">to </span><span class="pp-class-166 pa t38126 l38128">the </span><span class="pp-class-166 pa t38126 l38129 ls1165">Group’s </span><span class="pp-class-166 pa t38126 l6238 ls1849">ordinary </span><span class="pp-class-166 pa t38126 l38130 ls154">operations </span><span class="pp-class-166 pa t38131 l3">or </span><span class="pp-class-166 pa t38131 l21054 ls1026">investment </span><span class="pp-class-166 pa t38131 l14291">in </span><span class="pp-class-166 pa t38131 l38132 ls564">future </span><span class="pp-class-166 pa t38131 l3896 ls3593">activities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38133 l3">Special </span><span class="pp-class-166 pa t38133 l5262 ls189">items </span><span class="pp-class-166 pa t38133 l38110">in </span><span class="pp-class-166 pa t38133 l38134">these </span><span class="pp-class-166 pa t38133 l38135">financial </span><span class="pp-class-166 pa t38133 l1738 ls946">statements </span><span class="pp-class-166 pa t38133 l38136 ls234">comprise </span><span class="pp-class-166 pa t38133 l3335 ls461">restructuring </span><span class="pp-class-166 pa t38133 l38137 ls2540">costs, </span><span class="pp-class-166 pa t38138 l3 ls750">transaction </span><span class="pp-class-166 pa t38138 l3649 ls1129">costs </span><span class="pp-class-166 pa t38138 l8780 ls66">relating </span><span class="pp-class-166 pa t38138 l19549 ls135">to </span><span class="pp-class-166 pa t38138 l2609 ls1575">acquisitions, </span><span class="pp-class-166 pa t38138 l7054">impairment </span><span class="pp-class-166 pa t38138 l32207 ls2540">costs, </span><span class="pp-class-166 pa t38138 l38139 ls492">etc., </span><span class="pp-class-166 pa t38138 l38140 ls66">relating </span><span class="pp-class-166 pa t38141 l3 ls135">to </span><span class="pp-class-166 pa t38141 l2457 ls234">material </span><span class="pp-class-166 pa t38141 l38142 ls101">structural, </span><span class="pp-class-166 pa t38141 l38143 ls1822">procedural </span><span class="pp-class-166 pa t38141 l38144">or </span><span class="pp-class-166 pa t38141 l38145">managerial </span><span class="pp-class-166 pa t38141 l16677 ls856">reorganisations </span><span class="pp-class-166 pa t38141 l38146">as </span><span class="pp-class-166 pa t38141 l38147 ls1122">well </span><span class="pp-class-166 pa t38141 l38148">as </span><span class="pp-class-166 pa t38149 l3">any </span><span class="pp-class-166 pa t38149 l21349 ls1766">related </span><span class="pp-class-166 pa t38149 l38150">gains </span><span class="pp-class-166 pa t38149 l38151">or </span><span class="pp-class-166 pa t38149 l38152 ls239">losses </span><span class="pp-class-166 pa t38149 l38153">on </span><span class="pp-class-166 pa t38149 l2461">disposals. </span></p></div></div><div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38406 l3 ls1180">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38407 l3">The </span><span class="pp-class-166 pa t38407 l1525 ls205">carrying </span><span class="pp-class-166 pa t38407 l38408">amount </span><span class="pp-class-166 pa t38407 l5440">of </span><span class="pp-class-166 pa t38407 l38409">goodwill </span><span class="pp-class-166 pa t38407 l38410">is </span><span class="pp-class-166 pa t38407 l38411 ls2870">tested </span><span class="pp-class-166 pa t38407 l38412 ls228">for </span><span class="pp-class-166 pa t38407 l3767">impairment </span><span class="pp-class-166 pa t38407 l8668">at </span><span class="pp-class-166 pa t38407 l5446 ls1575">least </span><span class="pp-class-166 pa t38407 l38413">annually </span><span class="pp-class-166 pa t38414 l3 ls59">together </span><span class="pp-class-166 pa t38414 l38415">with </span><span class="pp-class-166 pa t38414 l38416 ls75">other </span><span class="pp-class-166 pa t38414 l30294 ls946">non-current </span><span class="pp-class-166 pa t38414 l38417 ls4053">assets </span><span class="pp-class-166 pa t38414 l10361">of </span><span class="pp-class-166 pa t38414 l11498">the </span><span class="pp-class-166 pa t38414 l38418 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38419 l3">The </span><span class="pp-class-166 pa t38419 l1525 ls977">cash-generating </span><span class="pp-class-166 pa t38419 l5440">units </span><span class="pp-class-166 pa t38419 l9396 ls856">thereby </span><span class="pp-class-166 pa t38419 l20609 ls564">follow </span><span class="pp-class-166 pa t38419 l17248">our </span><span class="pp-class-166 pa t38419 l38420">divisional </span><span class="pp-class-166 pa t38419 l38421 ls70">structure: </span><span class="pp-class-166 pa t38419 l1899">Air </span><span class="pp-class-166 pa t38419 l6229">&amp; </span><span class="pp-class-166 pa t38419 l38422 ls48">Sea, </span><span class="pp-class-166 pa t38423 l3 ls1122">Road </span><span class="pp-class-166 pa t38423 l616">and </span><span class="pp-class-166 pa t38423 l38424 ls461">Contract </span><span class="pp-class-166 pa t38423 l38425 ls101">Logistics.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38426 l3">The </span><span class="pp-class-166 pa t38426 l1525 ls4372">recoverable </span><span class="pp-class-166 pa t38426 l10509">amount </span><span class="pp-class-166 pa t38426 l16162">is </span><span class="pp-class-166 pa t38426 l19324 ls2022">determined </span><span class="pp-class-166 pa t38426 l38427">as </span><span class="pp-class-166 pa t38426 l38428">the </span><span class="pp-class-166 pa t38426 l38429 ls856">present </span><span class="pp-class-166 pa t38426 l38430 ls101">value </span><span class="pp-class-166 pa t38426 l16328">of </span><span class="pp-class-166 pa t38426 l38431">the </span><span class="pp-class-166 pa t38426 l11472 ls946">discounted </span><span class="pp-class-166 pa t38432 l3 ls564">future </span><span class="pp-class-166 pa t38432 l9041 ls234">net </span><span class="pp-class-166 pa t38432 l11997 ls923">cash </span><span class="pp-class-166 pa t38432 l12058">flow </span><span class="pp-class-166 pa t38432 l38433 ls267">from </span><span class="pp-class-166 pa t38432 l38434">the </span><span class="pp-class-166 pa t38432 l32440 ls977">cash-generating </span><span class="pp-class-166 pa t38432 l38435">unit </span><span class="pp-class-166 pa t38432 l5936 ls135">to </span><span class="pp-class-166 pa t38432 l38436">which </span><span class="pp-class-166 pa t38432 l19972">the </span><span class="pp-class-166 pa t38432 l38437">goodwill </span><span class="pp-class-166 pa t38438 l3 ls265">relates. </span><span class="pp-class-166 pa t38438 l34443">In </span><span class="pp-class-166 pa t38438 l38439 ls226">calculating </span><span class="pp-class-166 pa t38438 l32784">the </span><span class="pp-class-166 pa t38438 l33542 ls856">present </span><span class="pp-class-166 pa t38438 l22288 ls239">value, </span><span class="pp-class-166 pa t38438 l36268 ls234">discount </span><span class="pp-class-166 pa t38438 l38440 ls54">rates </span><span class="pp-class-166 pa t38438 l38441 ls228">are </span><span class="pp-class-166 pa t38438 l18742">applied </span><span class="pp-class-166 pa t38438 l20650 ls556">reflecting </span><span class="pp-class-166 pa t38442 l3">the </span><span class="pp-class-166 pa t38442 l1913 ls851">risk-free </span><span class="pp-class-166 pa t38442 l16279 ls135">interest </span><span class="pp-class-166 pa t38442 l38443 ls5905">rate </span><span class="pp-class-166 pa t38442 l37116">with </span><span class="pp-class-166 pa t38442 l38444">the </span><span class="pp-class-166 pa t38442 l38445">addition </span><span class="pp-class-166 pa t38442 l38446">of </span><span class="pp-class-166 pa t38442 l5826">the </span><span class="pp-class-166 pa t38442 l38447 ls495">market </span><span class="pp-class-166 pa t38442 l10815">risk </span><span class="pp-class-166 pa t38442 l38448 ls856">premium </span><span class="pp-class-166 pa t38449 l3 ls66">relating </span><span class="pp-class-166 pa t38449 l1943 ls135">to </span><span class="pp-class-166 pa t38449 l1759">the </span><span class="pp-class-166 pa t38449 l38450">individual </span><span class="pp-class-166 pa t38449 l38451 ls977">cash-generating </span><span class="pp-class-166 pa t38449 l32922">units, </span><span class="pp-class-166 pa t38449 l38452">such </span><span class="pp-class-166 pa t38449 l38453">as </span><span class="pp-class-166 pa t38449 l38454 ls2022">geographical </span><span class="pp-class-166 pa t38449 l38455">and </span><span class="pp-class-166 pa t38456 l3">financial </span><span class="pp-class-166 pa t38456 l8394 ls1502">exposure.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38457 l3 ls1462">Other </span><span class="pp-class-170 pa t38457 l38458 ls10408">non-current </span><span class="pp-class-170 pa t38457 l38459 ls26738">intangible </span><span class="pp-class-170 pa t38457 l38460 ls10402">assets </span><span class="pp-class-170 pa t38457 l38461 ls2257">and </span><span class="pp-class-170 pa t38457 l38462 ls10735">property, </span><span class="pp-class-170 pa t38457 l38463 ls1462">plant </span><span class="pp-class-170 pa t38457 l38464 ls2257">and </span><span class="pp-class-170 pa t38457 l38465 ls28862">equipment</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38466 l3">The </span><span class="pp-class-166 pa t38466 l1525 ls205">carrying </span><span class="pp-class-166 pa t38466 l38408">amount </span><span class="pp-class-166 pa t38466 l5440">of </span><span class="pp-class-166 pa t38466 l38409 ls75">other </span><span class="pp-class-166 pa t38466 l29490 ls946">non-current </span><span class="pp-class-166 pa t38466 l38467 ls4053">assets </span><span class="pp-class-166 pa t38466 l9891">is </span><span class="pp-class-166 pa t38466 l38468 ls2870">tested </span><span class="pp-class-166 pa t38466 l34184 ls228">for </span><span class="pp-class-166 pa t38466 l2368">impairment </span><span class="pp-class-166 pa t38466 l38469">at </span><span class="pp-class-166 pa t38470 l3 ls1575">least </span><span class="pp-class-166 pa t38470 l3638 ls1122">once </span><span class="pp-class-166 pa t38470 l13585">a </span><span class="pp-class-166 pa t38470 l7227 ls48">year </span><span class="pp-class-166 pa t38470 l38151">in </span><span class="pp-class-166 pa t38470 l38471 ls1435">connection </span><span class="pp-class-166 pa t38470 l38472">with </span><span class="pp-class-166 pa t38470 l19376">the </span><span class="pp-class-166 pa t38470 l23852">impairment </span><span class="pp-class-166 pa t38470 l26450 ls3490">test </span><span class="pp-class-166 pa t38470 l38473">of </span><span class="pp-class-166 pa t38470 l38474">goodwill. </span><span class="pp-class-166 pa t38470 l38475">If </span><span class="pp-class-166 pa t38470 l38476">the </span><span class="pp-class-166 pa t38477 l3 ls1129">tests </span><span class="pp-class-166 pa t38477 l14742">show </span><span class="pp-class-166 pa t38477 l20697 ls234">evidence </span><span class="pp-class-166 pa t38477 l21658">of </span><span class="pp-class-166 pa t38477 l38478 ls8280">impairment, </span><span class="pp-class-166 pa t38477 l38479">the </span><span class="pp-class-166 pa t38477 l38480 ls1428">asset </span><span class="pp-class-166 pa t38477 l38481">is </span><span class="pp-class-166 pa t38477 l38482 ls187">written </span><span class="pp-class-166 pa t38477 l32798">down </span><span class="pp-class-166 pa t38477 l38483 ls135">to </span><span class="pp-class-166 pa t38477 l38484">the </span><span class="pp-class-166 pa t38477 l38485 ls2688">recovera-</span><span class="pp-class-166 pa t38486 l3">ble </span><span class="pp-class-166 pa t38486 l19474">amount </span><span class="pp-class-166 pa t38486 l38487 ls856">through </span><span class="pp-class-166 pa t38486 l38488 ls564">profit </span><span class="pp-class-166 pa t38486 l38489">or </span><span class="pp-class-166 pa t38486 l38490 ls101">loss. </span><span class="pp-class-166 pa t38486 l32295">The </span><span class="pp-class-166 pa t38486 l26577 ls4372">recoverable </span><span class="pp-class-166 pa t38486 l38491">amount </span><span class="pp-class-166 pa t38486 l38492">is </span><span class="pp-class-166 pa t38486 l38493">the </span><span class="pp-class-166 pa t38486 l38494">higher </span><span class="pp-class-166 pa t38486 l38495">of </span><span class="pp-class-166 pa t38496 l3">the </span><span class="pp-class-166 pa t38496 l1913 ls2307">fair </span><span class="pp-class-166 pa t38496 l5006 ls101">value </span><span class="pp-class-166 pa t38496 l7588">of </span><span class="pp-class-166 pa t38496 l36635">the </span><span class="pp-class-166 pa t38496 l12099 ls1428">asset </span><span class="pp-class-166 pa t38496 l38497 ls48">less </span><span class="pp-class-166 pa t38496 l38498">the </span><span class="pp-class-166 pa t38496 l38499 ls70">expected </span><span class="pp-class-166 pa t38496 l38500 ls1129">costs </span><span class="pp-class-166 pa t38496 l38501 ls135">to </span><span class="pp-class-166 pa t38496 l38502">sell </span><span class="pp-class-166 pa t38496 l38503">and </span><span class="pp-class-166 pa t38496 l14434">its </span><span class="pp-class-166 pa t38496 l38504 ls101">value </span><span class="pp-class-166 pa t38496 l38505">in </span><span class="pp-class-166 pa t38496 l38506">use.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38507 l3">The </span><span class="pp-class-166 pa t38507 l1525 ls101">value </span><span class="pp-class-166 pa t38507 l34625">in </span><span class="pp-class-166 pa t38507 l34353">use </span><span class="pp-class-166 pa t38507 l38508">is </span><span class="pp-class-166 pa t38507 l38509 ls2022">calculated </span><span class="pp-class-166 pa t38507 l38510">as </span><span class="pp-class-166 pa t38507 l38511">the </span><span class="pp-class-166 pa t38507 l37708 ls856">present </span><span class="pp-class-166 pa t38507 l38512 ls101">value </span><span class="pp-class-166 pa t38507 l38513">of </span><span class="pp-class-166 pa t38507 l38514 ls70">expected </span><span class="pp-class-166 pa t38507 l38515 ls564">future </span><span class="pp-class-166 pa t38507 l38516 ls923">cash </span><span class="pp-class-166 pa t38517 l3">flows </span><span class="pp-class-166 pa t38517 l36968 ls267">from </span><span class="pp-class-166 pa t38517 l4180">the </span><span class="pp-class-166 pa t38517 l34497 ls1428">asset </span><span class="pp-class-166 pa t38517 l38518">or </span><span class="pp-class-166 pa t38517 l38519">the </span><span class="pp-class-166 pa t38517 l38520">division </span><span class="pp-class-166 pa t38517 l5545">of </span><span class="pp-class-166 pa t38517 l38521">which </span><span class="pp-class-166 pa t38517 l38522">the </span><span class="pp-class-166 pa t38517 l38523 ls1428">asset </span><span class="pp-class-166 pa t38517 l38524 ls497">forms </span><span class="pp-class-166 pa t38517 l10986 ls38525">part.</span></p><div class="pp-class-4" id="pp-id-4379" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38946 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t12934 l3 ls5287">Accounting </span><span class="pp-class-170 pa t12934 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t12954 l3">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12962 l3">Only </span><span class="pp-class-166 pa t12962 l38947">goodwill </span><span class="pp-class-166 pa t12962 l38948">arising </span><span class="pp-class-166 pa t12962 l26949 ls267">from </span><span class="pp-class-166 pa t12962 l34937 ls394">business </span><span class="pp-class-166 pa t12962 l38949 ls428">combinations </span><span class="pp-class-166 pa t12962 l35883">is </span><span class="pp-class-166 pa t12962 l29045 ls564">recognised </span><span class="pp-class-166 pa t12962 l27880">in </span><span class="pp-class-166 pa t12962 l38950">the </span><span class="pp-class-166 pa t12962 l38951">financial </span><span class="pp-class-166 pa t12970 l3 ls189">statements. </span><span class="pp-class-166 pa t12970 l21065">Goodwill </span><span class="pp-class-166 pa t12970 l38952">is </span><span class="pp-class-166 pa t12970 l5571 ls1528">measured </span><span class="pp-class-166 pa t12970 l38953">as </span><span class="pp-class-166 pa t12970 l13954">the </span><span class="pp-class-166 pa t12970 l29229 ls4013">difference </span><span class="pp-class-166 pa t12970 l5936 ls946">between </span><span class="pp-class-166 pa t12970 l38954">the </span><span class="pp-class-166 pa t12970 l38955 ls169">total </span><span class="pp-class-166 pa t12970 l38956">of </span><span class="pp-class-166 pa t12970 l38957">the </span><span class="pp-class-166 pa t12977 l3 ls2307">fair </span><span class="pp-class-166 pa t12977 l36332 ls101">value </span><span class="pp-class-166 pa t12977 l9438">of </span><span class="pp-class-166 pa t12977 l38958">the </span><span class="pp-class-166 pa t12977 l36635 ls3782">consideration </span><span class="pp-class-166 pa t12977 l29158 ls1868">transferred, </span><span class="pp-class-166 pa t12977 l38959">the </span><span class="pp-class-166 pa t12977 l38960 ls101">value </span><span class="pp-class-166 pa t12977 l13308">of </span><span class="pp-class-166 pa t12977 l38961 ls2476">non-controlling </span><span class="pp-class-166 pa t12977 l38962 ls7427">inter-</span><span class="pp-class-166 pa t34475 l3 ls461">ests </span><span class="pp-class-166 pa t34475 l38963">and </span><span class="pp-class-166 pa t34475 l38964">any </span><span class="pp-class-166 pa t34475 l5237 ls1701">equity </span><span class="pp-class-166 pa t34475 l38965 ls226">investments </span><span class="pp-class-166 pa t34475 l38966 ls164">previously </span><span class="pp-class-166 pa t34475 l38967">held </span><span class="pp-class-166 pa t34475 l38968">in </span><span class="pp-class-166 pa t34475 l38969">the </span><span class="pp-class-166 pa t34475 l38970 ls702">acquiree, </span><span class="pp-class-166 pa t34475 l38971 ls265">compared </span><span class="pp-class-166 pa t34475 l38972 ls135">to </span><span class="pp-class-166 pa t12981 l3">the </span><span class="pp-class-166 pa t12981 l1913 ls2307">fair </span><span class="pp-class-166 pa t12981 l5006 ls101">value </span><span class="pp-class-166 pa t12981 l7588">of </span><span class="pp-class-166 pa t12981 l36635">identifiable </span><span class="pp-class-166 pa t12981 l19318 ls234">net </span><span class="pp-class-166 pa t12981 l8587 ls4053">assets </span><span class="pp-class-166 pa t12981 l38973">on </span><span class="pp-class-166 pa t12981 l38974">the </span><span class="pp-class-166 pa t12981 l38975 ls1122">date </span><span class="pp-class-166 pa t12981 l27609">of </span><span class="pp-class-166 pa t12981 l38976 ls428">acquisition. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12999 l3">Goodwill </span><span class="pp-class-166 pa t12999 l35194">is </span><span class="pp-class-166 pa t12999 l3351 ls1528">not </span><span class="pp-class-166 pa t12999 l38977 ls1831">amortised, </span><span class="pp-class-166 pa t12999 l38978">but </span><span class="pp-class-166 pa t12999 l30053">is </span><span class="pp-class-166 pa t12999 l25861 ls2870">tested </span><span class="pp-class-166 pa t12999 l3734 ls228">for </span><span class="pp-class-166 pa t12999 l14880">impairment </span><span class="pp-class-166 pa t12999 l11359">at </span><span class="pp-class-166 pa t12999 l10839 ls1575">least </span><span class="pp-class-166 pa t12999 l14289 ls164">annually. </span></p></div></div><div class="pp-class-4" id="pp-id-4380" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls2540">Customer </span><span class="pp-class-172 pa t3330 l38979 ls740">relationships</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3">On </span><span class="pp-class-166 pa t3338 l9340">initial </span><span class="pp-class-166 pa t3338 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3338 l36596 ls740">customer </span><span class="pp-class-166 pa t3338 l38980 ls180">relationships </span><span class="pp-class-166 pa t3338 l38981">identified </span><span class="pp-class-166 pa t3338 l38982 ls267">from </span><span class="pp-class-166 pa t3338 l38983 ls394">business </span><span class="pp-class-166 pa t3338 l38984 ls614">com-</span><span class="pp-class-166 pa t3348 l3">binations </span><span class="pp-class-166 pa t3348 l10343 ls228">are </span><span class="pp-class-166 pa t3348 l7039 ls564">recognised </span><span class="pp-class-166 pa t3348 l390">in </span><span class="pp-class-166 pa t3348 l9748">the </span><span class="pp-class-166 pa t3348 l14206 ls1122">statement </span><span class="pp-class-166 pa t3348 l17537">of </span><span class="pp-class-166 pa t3348 l18882">financial </span><span class="pp-class-166 pa t3348 l38985">position </span><span class="pp-class-166 pa t3348 l38986">at </span><span class="pp-class-166 pa t3348 l38987 ls2307">fair </span><span class="pp-class-166 pa t3348 l1576 ls239">value. </span><span class="pp-class-166 pa t3360 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3360 l21599 ls740">customer </span><span class="pp-class-166 pa t3360 l38988 ls180">relationships </span><span class="pp-class-166 pa t3360 l38989 ls228">are </span><span class="pp-class-166 pa t3360 l38990 ls1528">measured </span><span class="pp-class-166 pa t3360 l38991">at </span><span class="pp-class-166 pa t3360 l13928 ls3490">cost </span><span class="pp-class-166 pa t3360 l38992 ls48">less </span><span class="pp-class-166 pa t3360 l38993 ls189">accumulated </span><span class="pp-class-166 pa t3373 l3 ls492">amortisation </span><span class="pp-class-166 pa t3373 l14532">and </span><span class="pp-class-166 pa t3373 l38994">impairment </span><span class="pp-class-166 pa t3373 l11 ls455">losses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls59">Customer </span><span class="pp-class-166 pa t3375 l15471 ls180">relationships </span><span class="pp-class-166 pa t3375 l5666 ls228">are </span><span class="pp-class-166 pa t3375 l15381 ls2179">amortised </span><span class="pp-class-166 pa t3375 l38995 ls48">over </span><span class="pp-class-166 pa t3375 l14535">a </span><span class="pp-class-166 pa t3375 l38996">period </span><span class="pp-class-166 pa t3375 l38997">of </span><span class="pp-class-166 pa t3375 l38998">eight </span><span class="pp-class-166 pa t3375 l38999 ls101">years </span><span class="pp-class-166 pa t3375 l39000">using </span><span class="pp-class-166 pa t3375 l39001">the </span><span class="pp-class-166 pa t3387 l3">diminishing </span><span class="pp-class-166 pa t3387 l39002 ls187">balance </span><span class="pp-class-166 pa t3387 l34249 ls93">method.</span></p></div></div><div class="pp-class-4" id="pp-id-4381" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls495">Software </span><span class="pp-class-172 pa t3330 l11153">and </span><span class="pp-class-172 pa t3330 l30019 ls495">software </span><span class="pp-class-172 pa t3330 l39003">in </span><span class="pp-class-172 pa t3330 l5016 ls1498">progress</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3 ls66">Software </span><span class="pp-class-166 pa t3338 l10749">bought </span><span class="pp-class-166 pa t3338 l39004">or </span><span class="pp-class-166 pa t3338 l39005 ls394">developed </span><span class="pp-class-166 pa t3338 l12865 ls228">for </span><span class="pp-class-166 pa t3338 l39006 ls234">internal </span><span class="pp-class-166 pa t3338 l39007">use </span><span class="pp-class-166 pa t3338 l39008">is </span><span class="pp-class-166 pa t3338 l39009 ls1528">measured </span><span class="pp-class-166 pa t3338 l39010">at </span><span class="pp-class-166 pa t3338 l39011">the </span><span class="pp-class-166 pa t3338 l38533 ls189">lower </span><span class="pp-class-166 pa t3338 l39012">of </span><span class="pp-class-166 pa t3348 l3 ls3490">cost </span><span class="pp-class-166 pa t3348 l10527 ls48">less </span><span class="pp-class-166 pa t3348 l7164 ls189">accumulated </span><span class="pp-class-166 pa t3348 l13358 ls492">amortisation </span><span class="pp-class-166 pa t3348 l3007">and </span><span class="pp-class-166 pa t3348 l10328">impairment </span><span class="pp-class-166 pa t3348 l39013 ls239">losses </span><span class="pp-class-166 pa t3348 l20977">and </span><span class="pp-class-166 pa t3348 l39014">the </span><span class="pp-class-166 pa t3348 l34027 ls4372">recoverable </span><span class="pp-class-166 pa t3360 l3 ls12199">amount. </span><span class="pp-class-166 pa t3360 l17851 ls853">Cost </span><span class="pp-class-166 pa t3360 l39015 ls1428">comprises </span><span class="pp-class-166 pa t3360 l37587">payments </span><span class="pp-class-166 pa t3360 l31323 ls228">for </span><span class="pp-class-166 pa t3360 l28569">the </span><span class="pp-class-166 pa t3360 l39016 ls66">software </span><span class="pp-class-166 pa t3360 l39017">and </span><span class="pp-class-166 pa t3360 l39018 ls75">other </span><span class="pp-class-166 pa t3360 l39019 ls461">directly </span><span class="pp-class-166 pa t3360 l39020">attribut-</span><span class="pp-class-166 pa t3373 l3">able </span><span class="pp-class-166 pa t3373 l39021 ls1129">costs </span><span class="pp-class-166 pa t3373 l4374">of </span><span class="pp-class-166 pa t3373 l39022 ls851">preparing </span><span class="pp-class-166 pa t3373 l12000">the </span><span class="pp-class-166 pa t3373 l39023 ls66">software </span><span class="pp-class-166 pa t3373 l39024 ls228">for </span><span class="pp-class-166 pa t3373 l39025">its </span><span class="pp-class-166 pa t3373 l39026 ls234">intended </span><span class="pp-class-166 pa t3373 l21004">use. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls101">After </span><span class="pp-class-166 pa t3375 l39027 ls1934">commissioning, </span><span class="pp-class-166 pa t3375 l39028 ls66">software </span><span class="pp-class-166 pa t3375 l39029">is </span><span class="pp-class-166 pa t3375 l36316 ls2179">amortised </span><span class="pp-class-166 pa t3375 l39030">on </span><span class="pp-class-166 pa t3375 l2005">a </span><span class="pp-class-166 pa t3375 l39031 ls234">straight-line </span><span class="pp-class-166 pa t3375 l39032">basis </span><span class="pp-class-166 pa t3375 l28970 ls48">over </span><span class="pp-class-166 pa t3375 l39033">its </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045">useful </span><span class="pp-class-166 pa t3387 l39034 ls497">life. </span><span class="pp-class-166 pa t3387 l39035">The </span><span class="pp-class-166 pa t3387 l39036 ls492">amortisation </span><span class="pp-class-166 pa t3387 l39037">period </span><span class="pp-class-166 pa t3387 l39038">is </span><span class="pp-class-166 pa t3387 l34152">1-8 </span><span class="pp-class-166 pa t3387 l23685 ls101">years.</span></p></div></div><div class="pp-class-4" id="pp-id-4384" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39153 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t39154 l3 ls5287">Accounting </span><span class="pp-class-170 pa t39154 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39155 l3">Land </span><span class="pp-class-166 pa t39155 l27377">and </span><span class="pp-class-166 pa t39155 l13295">buildings </span><span class="pp-class-166 pa t39155 l13044">and </span><span class="pp-class-166 pa t39155 l39156 ls75">other </span><span class="pp-class-166 pa t39155 l39157">plant </span><span class="pp-class-166 pa t39155 l39158">and </span><span class="pp-class-166 pa t39155 l27855 ls1217">operating </span><span class="pp-class-166 pa t39155 l14998">equipment </span><span class="pp-class-166 pa t39155 l39159 ls228">are </span><span class="pp-class-166 pa t39155 l7431 ls1528">measured </span><span class="pp-class-166 pa t39155 l27191">at </span><span class="pp-class-166 pa t39160 l3 ls3490">cost </span><span class="pp-class-166 pa t39160 l10527 ls48">less </span><span class="pp-class-166 pa t39160 l7164 ls189">accumulated </span><span class="pp-class-166 pa t39160 l13358 ls2022">depreciation </span><span class="pp-class-166 pa t39160 l39161">and </span><span class="pp-class-166 pa t39160 l11930">impairment </span><span class="pp-class-166 pa t39160 l39162 ls239">losses.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39163 l3">The </span><span class="pp-class-166 pa t39163 l1525 ls3490">cost </span><span class="pp-class-166 pa t39163 l1117 ls1428">comprises </span><span class="pp-class-166 pa t39163 l8944">the </span><span class="pp-class-166 pa t39163 l30487 ls86">acquisition </span><span class="pp-class-166 pa t39163 l15051 ls189">price </span><span class="pp-class-166 pa t39163 l39164">and </span><span class="pp-class-166 pa t39163 l30022 ls75">other </span><span class="pp-class-166 pa t39163 l39165 ls1129">costs </span><span class="pp-class-166 pa t39163 l39166 ls461">directly </span><span class="pp-class-166 pa t39163 l39167 ls461">attributable </span><span class="pp-class-166 pa t39163 l39168 ls135">to </span><span class="pp-class-166 pa t39169 l3 ls851">preparing </span><span class="pp-class-166 pa t39169 l4016">the </span><span class="pp-class-166 pa t39169 l30058 ls1428">asset </span><span class="pp-class-166 pa t39169 l10358 ls228">for </span><span class="pp-class-166 pa t39169 l10155">its </span><span class="pp-class-166 pa t39169 l39170 ls234">intended </span><span class="pp-class-166 pa t39169 l39171">use. </span><span class="pp-class-166 pa t39169 l39172">The </span><span class="pp-class-166 pa t39169 l35525 ls856">present </span><span class="pp-class-166 pa t39169 l39173 ls101">value </span><span class="pp-class-166 pa t39169 l3519">of </span><span class="pp-class-166 pa t39169 l10986 ls1217">estimated </span><span class="pp-class-166 pa t39169 l39174 ls1129">costs </span><span class="pp-class-166 pa t39175 l3 ls228">for </span><span class="pp-class-166 pa t39175 l2086">dismantling </span><span class="pp-class-166 pa t39175 l15207">and </span><span class="pp-class-166 pa t39175 l39176">disposing </span><span class="pp-class-166 pa t39175 l39177">of </span><span class="pp-class-166 pa t39175 l39178 ls4053">assets </span><span class="pp-class-166 pa t39175 l11011">as </span><span class="pp-class-166 pa t39175 l39179 ls1122">well </span><span class="pp-class-166 pa t39175 l23196">as </span><span class="pp-class-166 pa t39175 l39180 ls2382">restoration </span><span class="pp-class-166 pa t39175 l12277 ls1129">costs </span><span class="pp-class-166 pa t39175 l39181 ls228">are </span><span class="pp-class-166 pa t39175 l39182">added </span><span class="pp-class-166 pa t39183 l3 ls135">to </span><span class="pp-class-166 pa t39183 l2457">the </span><span class="pp-class-166 pa t39183 l3086 ls3490">cost </span><span class="pp-class-166 pa t39183 l39184">if </span><span class="pp-class-166 pa t39183 l14735">such </span><span class="pp-class-166 pa t39183 l20308 ls1129">costs </span><span class="pp-class-166 pa t39183 l39185 ls228">are </span><span class="pp-class-166 pa t39183 l10961 ls564">recognised </span><span class="pp-class-166 pa t39183 l11930">as </span><span class="pp-class-166 pa t39183 l19891 ls740">provisions. </span><span class="pp-class-166 pa t39183 l39186 ls1217">Material </span><span class="pp-class-166 pa t39183 l19329 ls856">borrowing </span><span class="pp-class-166 pa t39183 l39187 ls1129">costs </span><span class="pp-class-166 pa t39188 l3 ls461">directly </span><span class="pp-class-166 pa t39188 l37218 ls461">attributable </span><span class="pp-class-166 pa t39188 l37219 ls135">to </span><span class="pp-class-166 pa t39188 l37220">the </span><span class="pp-class-166 pa t39188 l32407 ls750">construction </span><span class="pp-class-166 pa t39188 l39189">of </span><span class="pp-class-166 pa t39188 l5222">the </span><span class="pp-class-166 pa t39188 l39190">individual </span><span class="pp-class-166 pa t39188 l39191 ls1428">asset </span><span class="pp-class-166 pa t39188 l36617 ls228">are </span><span class="pp-class-166 pa t39188 l19283">also </span><span class="pp-class-166 pa t39188 l39192">added </span><span class="pp-class-166 pa t39193 l3 ls135">to </span><span class="pp-class-166 pa t39193 l2457 ls3966">cost. </span></p></div></div><div class="pp-class-4" id="pp-id-4385" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39194 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39195 l3">If </span><span class="pp-class-166 pa t39195 l39196">the </span><span class="pp-class-166 pa t39195 l22334">individual </span><span class="pp-class-166 pa t39195 l14911 ls923">components </span><span class="pp-class-166 pa t39195 l39197">of </span><span class="pp-class-166 pa t39195 l39198">an </span><span class="pp-class-166 pa t39195 l31510 ls1428">asset </span><span class="pp-class-166 pa t39195 l20136 ls48">have </span><span class="pp-class-166 pa t39195 l39199 ls497">different </span><span class="pp-class-166 pa t39195 l39200">useful </span><span class="pp-class-166 pa t39195 l39201 ls239">lives, </span><span class="pp-class-166 pa t39195 l39202 ls48">each </span><span class="pp-class-166 pa t39203 l3 ls1428">component </span><span class="pp-class-166 pa t39203 l37697">will </span><span class="pp-class-166 pa t39203 l29520">be </span><span class="pp-class-166 pa t39203 l13044 ls5508">depreciated </span><span class="pp-class-166 pa t39203 l33092 ls4372">separately.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39204 l3">The </span><span class="pp-class-166 pa t39204 l1525 ls3490">cost </span><span class="pp-class-166 pa t39204 l1117">of </span><span class="pp-class-166 pa t39204 l12894 ls740">self-constructed </span><span class="pp-class-166 pa t39204 l39205 ls4053">assets </span><span class="pp-class-166 pa t39204 l39206 ls1428">comprises </span><span class="pp-class-166 pa t39204 l39207 ls1575">direct </span><span class="pp-class-166 pa t39204 l39208">and </span><span class="pp-class-166 pa t39204 l39209 ls461">indirect </span><span class="pp-class-166 pa t39204 l37342 ls1129">costs </span><span class="pp-class-166 pa t39204 l39210 ls228">for </span><span class="pp-class-166 pa t39211 l3 ls923">materials, </span><span class="pp-class-166 pa t39211 l5869 ls86">components, </span><span class="pp-class-166 pa t39211 l11039 ls1217">subcontractors, </span><span class="pp-class-166 pa t39211 l20068 ls75">wages </span><span class="pp-class-166 pa t39211 l31542">and </span><span class="pp-class-166 pa t39211 l2838">salaries. </span><span class="pp-class-166 pa t39211 l39212 ls180">Costs </span><span class="pp-class-166 pa t39211 l32388 ls228">for </span><span class="pp-class-166 pa t39211 l39213 ls39214">self-</span><span class="pp-class-166 pa t39215 l3 ls4053">constructed </span><span class="pp-class-166 pa t39215 l37735 ls4053">assets </span><span class="pp-class-166 pa t39215 l39216 ls228">are </span><span class="pp-class-166 pa t39215 l39217 ls564">recognised </span><span class="pp-class-166 pa t39215 l39218">as </span><span class="pp-class-166 pa t39215 l2091 ls1849">property, </span><span class="pp-class-166 pa t39215 l39219">plant </span><span class="pp-class-166 pa t39215 l39220">and </span><span class="pp-class-166 pa t39215 l39221">equipment </span><span class="pp-class-166 pa t39215 l39222">in </span><span class="pp-class-166 pa t39215 l39223 ls3681">progress </span><span class="pp-class-166 pa t39224 l3">on </span><span class="pp-class-166 pa t39224 l3683">an </span><span class="pp-class-166 pa t39224 l39225">ongoing </span><span class="pp-class-166 pa t39224 l39226">basis </span><span class="pp-class-166 pa t39224 l39227">until </span><span class="pp-class-166 pa t39224 l36628">the </span><span class="pp-class-166 pa t39224 l39228 ls4053">assets </span><span class="pp-class-166 pa t39224 l39229 ls228">are </span><span class="pp-class-166 pa t39224 l39230 ls1346">ready </span><span class="pp-class-166 pa t39224 l37666 ls228">for </span><span class="pp-class-166 pa t39224 l38661">use.</span></p></div></div><div class="pp-class-4" id="pp-id-4386" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39231 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39154 l3 ls3962">Subsequent </span><span class="pp-class-166 pa t39154 l39232 ls2708">costs, </span><span class="pp-class-166 pa t39154 l26790 ls1740">such </span><span class="pp-class-166 pa t39154 l39233 ls2540">as </span><span class="pp-class-166 pa t39154 l19232 ls1119">partial </span><span class="pp-class-166 pa t39154 l39234 ls1402">replacement </span><span class="pp-class-166 pa t39154 l39235 ls2540">of </span><span class="pp-class-166 pa t39154 l39236 ls4013">property, </span><span class="pp-class-166 pa t39154 l39237 ls2061">plant </span><span class="pp-class-166 pa t39154 l39238 ls1528">and </span><span class="pp-class-166 pa t39154 l39239 ls1740">equipment </span><span class="pp-class-166 pa t39155 l3">(PPE), </span><span class="pp-class-166 pa t39155 l2314 ls228">are </span><span class="pp-class-166 pa t39155 l10970">included </span><span class="pp-class-166 pa t39155 l39240">in </span><span class="pp-class-166 pa t39155 l39241">the </span><span class="pp-class-166 pa t39155 l39242 ls205">carrying </span><span class="pp-class-166 pa t39155 l39243">amount </span><span class="pp-class-166 pa t39155 l39244">of </span><span class="pp-class-166 pa t39155 l39245">the </span><span class="pp-class-166 pa t39155 l39246 ls1428">asset </span><span class="pp-class-166 pa t39155 l39247">in </span><span class="pp-class-166 pa t39155 l29441 ls158">question </span><span class="pp-class-166 pa t39155 l39248">when </span><span class="pp-class-166 pa t39155 l39249">it </span><span class="pp-class-166 pa t39155 l39250">is </span><span class="pp-class-166 pa t39160 l3 ls66">probable </span><span class="pp-class-166 pa t39160 l39251">that </span><span class="pp-class-166 pa t39160 l5422">such </span><span class="pp-class-166 pa t39160 l30389 ls1129">costs </span><span class="pp-class-166 pa t39160 l39252">will </span><span class="pp-class-166 pa t39160 l39253 ls564">result </span><span class="pp-class-166 pa t39160 l39254">in </span><span class="pp-class-166 pa t39160 l11413 ls564">future </span><span class="pp-class-166 pa t39160 l20000 ls234">economic </span><span class="pp-class-166 pa t39160 l39255">benefits. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39163 l3">The </span><span class="pp-class-166 pa t39163 l1525 ls205">carrying </span><span class="pp-class-166 pa t39163 l38408">amount </span><span class="pp-class-166 pa t39163 l5440">of </span><span class="pp-class-166 pa t39163 l38409">the </span><span class="pp-class-166 pa t39163 l11475 ls265">replaced </span><span class="pp-class-166 pa t39163 l39256 ls2030">parts </span><span class="pp-class-166 pa t39163 l39257">is </span><span class="pp-class-166 pa t39163 l39258">disposed </span><span class="pp-class-166 pa t39163 l39259 ls267">from </span><span class="pp-class-166 pa t39163 l39260">the </span><span class="pp-class-166 pa t39163 l39261">financial </span><span class="pp-class-166 pa t39169 l3">position </span><span class="pp-class-166 pa t39169 l39262">and </span><span class="pp-class-166 pa t39169 l39263 ls564">recognised </span><span class="pp-class-166 pa t39169 l39264">in </span><span class="pp-class-166 pa t39169 l20183">the </span><span class="pp-class-166 pa t39169 l27847 ls564">profit </span><span class="pp-class-166 pa t39169 l39265">or </span><span class="pp-class-166 pa t39169 l39266 ls48">loss.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39410 l3">The </span><span class="pp-class-166 pa t39410 l1525">basis </span><span class="pp-class-166 pa t39410 l39411">of </span><span class="pp-class-166 pa t39410 l39412 ls2022">depreciation </span><span class="pp-class-166 pa t39410 l39413 ls497">takes </span><span class="pp-class-166 pa t39410 l39414 ls1122">into </span><span class="pp-class-166 pa t39410 l5941 ls614">account </span><span class="pp-class-166 pa t39410 l39415">the </span><span class="pp-class-166 pa t39410 l39416 ls66">residual </span><span class="pp-class-166 pa t39410 l39417 ls101">value </span><span class="pp-class-166 pa t39410 l39418">of </span><span class="pp-class-166 pa t39410 l39419 ls4053">assets </span><span class="pp-class-166 pa t39410 l39420">and </span><span class="pp-class-166 pa t39410 l39421">is </span><span class="pp-class-166 pa t39422 l3 ls1766">reduced </span><span class="pp-class-166 pa t39422 l39423">by </span><span class="pp-class-166 pa t39422 l30108">any </span><span class="pp-class-166 pa t39422 l20891">impairment </span><span class="pp-class-166 pa t39422 l20107 ls455">losses. </span><span class="pp-class-166 pa t39422 l39424">The </span><span class="pp-class-166 pa t39422 l39425 ls66">residual </span><span class="pp-class-166 pa t39422 l33202 ls101">value </span><span class="pp-class-166 pa t39422 l39426">is </span><span class="pp-class-166 pa t39422 l39427 ls2022">calculated </span><span class="pp-class-166 pa t39422 l20650">on </span><span class="pp-class-166 pa t39422 l39428">the </span><span class="pp-class-166 pa t39422 l39429 ls1122">date </span><span class="pp-class-166 pa t39430 l3">of </span><span class="pp-class-166 pa t39430 l2457 ls86">acquisition </span><span class="pp-class-166 pa t39430 l1222">and </span><span class="pp-class-166 pa t39430 l39431 ls1122">reassessed </span><span class="pp-class-166 pa t39430 l39432 ls1122">once </span><span class="pp-class-166 pa t39430 l39433">a </span><span class="pp-class-166 pa t39430 l29915 ls1536">year. </span><span class="pp-class-166 pa t39430 l39434 ls2022">Depreciation </span><span class="pp-class-166 pa t39430 l39435">will </span><span class="pp-class-166 pa t39430 l32402">be </span><span class="pp-class-166 pa t39430 l39436 ls740">halted </span><span class="pp-class-166 pa t39430 l39437">if </span><span class="pp-class-166 pa t39430 l39438">the </span><span class="pp-class-166 pa t39439 l3 ls66">residual </span><span class="pp-class-166 pa t39439 l39440 ls101">value </span><span class="pp-class-166 pa t39439 l7503 ls1416">exceeds </span><span class="pp-class-166 pa t39439 l37719">the </span><span class="pp-class-166 pa t39439 l39441 ls205">carrying </span><span class="pp-class-166 pa t39439 l12295">amount </span><span class="pp-class-166 pa t39439 l39442">of </span><span class="pp-class-166 pa t39439 l39443">the </span><span class="pp-class-166 pa t39439 l18763 ls3316">asset.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39444 l3 ls457">Assets </span><span class="pp-class-166 pa t39444 l35178 ls228">are </span><span class="pp-class-166 pa t39444 l39445 ls228">transferred </span><span class="pp-class-166 pa t39444 l31836 ls135">to </span><span class="pp-class-166 pa t39444 l39446 ls4053">assets </span><span class="pp-class-166 pa t39444 l9490">held </span><span class="pp-class-166 pa t39444 l30105 ls228">for </span><span class="pp-class-166 pa t39444 l39447">sale </span><span class="pp-class-166 pa t39444 l39448">if </span><span class="pp-class-166 pa t39444 l2491">it </span><span class="pp-class-166 pa t39444 l39449">is </span><span class="pp-class-166 pa t39444 l13710">highly </span><span class="pp-class-166 pa t39444 l29960 ls66">probable </span><span class="pp-class-166 pa t39444 l39450">that </span><span class="pp-class-166 pa t39444 l30545">their </span><span class="pp-class-166 pa t39451 l3 ls205">carrying </span><span class="pp-class-166 pa t39451 l36341">amount </span><span class="pp-class-166 pa t39451 l4946">will </span><span class="pp-class-166 pa t39451 l39452">be </span><span class="pp-class-166 pa t39451 l13297 ls2688">recovered </span><span class="pp-class-166 pa t39451 l39453">primarily </span><span class="pp-class-166 pa t39451 l5426 ls856">through </span><span class="pp-class-166 pa t39451 l10410">sale </span><span class="pp-class-166 pa t39451 l39454 ls2540">rather </span><span class="pp-class-166 pa t39451 l39455">than </span><span class="pp-class-166 pa t39451 l39456 ls856">through </span><span class="pp-class-166 pa t39457 l3 ls923">continuing </span><span class="pp-class-166 pa t39457 l22342">use.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls461">Contract </span><span class="pp-class-166 pa t3330 l659 ls4053">assets </span><span class="pp-class-166 pa t3330 l32257">and </span><span class="pp-class-166 pa t3330 l36608 ls187">accrued </span><span class="pp-class-166 pa t3330 l25815 ls1129">costs </span><span class="pp-class-166 pa t3330 l39530">of </span><span class="pp-class-166 pa t3330 l23206 ls457">services </span><span class="pp-class-166 pa t3330 l39531">include </span><span class="pp-class-166 pa t3330 l29431 ls187">accrued </span><span class="pp-class-166 pa t3330 l33728 ls1410">revenue </span><span class="pp-class-166 pa t3330 l39532">and </span><span class="pp-class-166 pa t3338 l3 ls187">accrued </span><span class="pp-class-166 pa t3338 l1975 ls1129">costs </span><span class="pp-class-166 pa t3338 l39533 ls267">from </span><span class="pp-class-166 pa t3338 l21890 ls856">freight </span><span class="pp-class-166 pa t3338 l39534 ls3962">forwarding </span><span class="pp-class-166 pa t3338 l39535 ls890">services, </span><span class="pp-class-166 pa t3338 l8743 ls704">contract </span><span class="pp-class-166 pa t3338 l39536 ls1452">logistics </span><span class="pp-class-166 pa t3338 l39537">and </span><span class="pp-class-166 pa t3338 l39538 ls75">other </span><span class="pp-class-166 pa t3348 l3 ls1766">related </span><span class="pp-class-166 pa t3348 l10312 ls457">services </span><span class="pp-class-166 pa t3348 l33695">in </span><span class="pp-class-166 pa t3348 l2883 ls2081">progress. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3373 l3 ls461">Contract </span><span class="pp-class-166 pa t3373 l659 ls4053">assets </span><span class="pp-class-166 pa t3373 l32257 ls228">are </span><span class="pp-class-166 pa t3373 l39539 ls564">recognised </span><span class="pp-class-166 pa t3373 l22152">when </span><span class="pp-class-166 pa t3373 l39540">a </span><span class="pp-class-166 pa t3373 l11011">sales </span><span class="pp-class-166 pa t3373 l39541 ls750">transaction </span><span class="pp-class-166 pa t3373 l39542">fulfils </span><span class="pp-class-166 pa t3373 l39543">the </span><span class="pp-class-166 pa t3373 l39544 ls234">criteria </span><span class="pp-class-166 pa t3373 l21089 ls228">for </span><span class="pp-class-166 pa t3682 l3 ls1410">revenue </span><span class="pp-class-166 pa t3682 l28390 ls1528">recognition, </span><span class="pp-class-166 pa t3682 l29004">but </span><span class="pp-class-166 pa t3682 l20995">the </span><span class="pp-class-166 pa t3682 l39545">final </span><span class="pp-class-166 pa t3682 l39546 ls853">invoice </span><span class="pp-class-166 pa t3682 l39547">has </span><span class="pp-class-166 pa t3682 l39548 ls234">yet </span><span class="pp-class-166 pa t3682 l14998 ls135">to </span><span class="pp-class-166 pa t3682 l14705">be </span><span class="pp-class-166 pa t3682 l27083 ls239">issued </span><span class="pp-class-166 pa t3682 l39549 ls135">to </span><span class="pp-class-166 pa t3682 l19928">the </span><span class="pp-class-166 pa t3682 l39550 ls740">customer </span><span class="pp-class-166 pa t3375 l3 ls228">for </span><span class="pp-class-166 pa t3375 l2086">the </span><span class="pp-class-166 pa t3375 l2543 ls457">services </span><span class="pp-class-166 pa t3375 l14123 ls2476">delivered. </span><span class="pp-class-166 pa t3375 l9266 ls239">Please </span><span class="pp-class-166 pa t3375 l39551 ls1860">refer </span><span class="pp-class-166 pa t3375 l39552 ls135">to </span><span class="pp-class-171 pa t3375 l38990 ls73">note </span><span class="pp-class-171 pa t3375 l20287">4.5</span><span class="pp-class-166 pa t3375 l39553"/><span class="pp-class-166 pa t3375 l29022 ls228">for </span><span class="pp-class-166 pa t3375 l2304 ls164">disclosure </span><span class="pp-class-166 pa t3375 l39554">of </span><span class="pp-class-166 pa t3375 l32463 ls564">credit </span><span class="pp-class-166 pa t3375 l39555">risk, </span><span class="pp-class-166 pa t3387 l3">as </span><span class="pp-class-166 pa t3387 l2424 ls1129">trade </span><span class="pp-class-166 pa t3387 l39423 ls1444">receivables </span><span class="pp-class-166 pa t3387 l39556 ls394">carry </span><span class="pp-class-166 pa t3387 l32655 ls1575">substantially </span><span class="pp-class-166 pa t3387 l39557">the </span><span class="pp-class-166 pa t3387 l24727">same </span><span class="pp-class-166 pa t3387 l39558 ls1026">characteristics </span><span class="pp-class-166 pa t3387 l4905">as </span><span class="pp-class-166 pa t3387 l39559 ls704">contract </span><span class="pp-class-166 pa t3395 l3 ls4053">assets.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3722 l3 ls187">Accrued </span><span class="pp-class-166 pa t3722 l4185 ls1129">costs </span><span class="pp-class-166 pa t3722 l21722">of </span><span class="pp-class-166 pa t3722 l35897 ls457">services </span><span class="pp-class-166 pa t3722 l39560 ls228">are </span><span class="pp-class-166 pa t3722 l10714 ls1217">estimated </span><span class="pp-class-166 pa t3722 l39561">and </span><span class="pp-class-166 pa t3722 l39562 ls564">recognised </span><span class="pp-class-166 pa t3722 l39563">when </span><span class="pp-class-166 pa t3722 l20291">supplier </span><span class="pp-class-166 pa t3722 l39564 ls1217">invoices </span><span class="pp-class-166 pa t3728 l3 ls66">relating </span><span class="pp-class-166 pa t3728 l1943 ls135">to </span><span class="pp-class-166 pa t3728 l1759 ls564">recognised </span><span class="pp-class-166 pa t3728 l28664 ls1410">revenue </span><span class="pp-class-166 pa t3728 l39565 ls228">for </span><span class="pp-class-166 pa t3728 l39566">the </span><span class="pp-class-166 pa t3728 l9268 ls1428">reporting </span><span class="pp-class-166 pa t3728 l35758">period </span><span class="pp-class-166 pa t3728 l39567 ls48">have </span><span class="pp-class-166 pa t3728 l39568 ls234">yet </span><span class="pp-class-166 pa t3728 l39569 ls135">to </span><span class="pp-class-166 pa t3728 l39570">be </span><span class="pp-class-166 pa t3728 l39571 ls1416">received.</span></p><div class="pp-class-4" id="pp-id-4395" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h29807 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls147">Write-downs </span><span class="pp-class-166 pa t3330 l39591">of </span><span class="pp-class-166 pa t3330 l39592 ls1761">inventories </span><span class="pp-class-166 pa t3330 l39593 ls135">to </span><span class="pp-class-166 pa t3330 l39594 ls234">net </span><span class="pp-class-166 pa t3330 l24430 ls2476">realisable </span><span class="pp-class-166 pa t3330 l39595 ls101">value </span><span class="pp-class-166 pa t3330 l39596 ls228">are </span><span class="pp-class-166 pa t3330 l39597 ls564">recognised </span><span class="pp-class-166 pa t3330 l39598">as </span><span class="pp-class-166 pa t3330 l39599 ls1575">direct </span><span class="pp-class-166 pa t3338 l3 ls1129">costs </span><span class="pp-class-166 pa t3338 l37981">in </span><span class="pp-class-166 pa t3338 l28440">the </span><span class="pp-class-166 pa t3338 l39600 ls1122">statement </span><span class="pp-class-166 pa t3338 l28975">of </span><span class="pp-class-166 pa t3338 l7389 ls564">profit </span><span class="pp-class-166 pa t3338 l7418">or </span><span class="pp-class-166 pa t3338 l27713 ls48">loss.</span></p></div></div><div class="pp-class-4" id="pp-id-4399" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39640 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t39154 l3 ls5287">Accounting </span><span class="pp-class-170 pa t39154 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39155 l3 ls461">Whether </span><span class="pp-class-166 pa t39155 l31720">a </span><span class="pp-class-166 pa t39155 l21442 ls704">contract </span><span class="pp-class-166 pa t39155 l39641 ls66">contains </span><span class="pp-class-166 pa t39155 l6018">a </span><span class="pp-class-166 pa t39155 l39642 ls101">lease </span><span class="pp-class-166 pa t39155 l18886">is </span><span class="pp-class-166 pa t39155 l39643 ls226">assessed </span><span class="pp-class-166 pa t39155 l39644">at </span><span class="pp-class-166 pa t39155 l39645 ls704">contract </span><span class="pp-class-166 pa t39155 l32469 ls923">inception. </span><span class="pp-class-166 pa t39155 l39646 ls1740">For </span><span class="pp-class-166 pa t39155 l39647">iden-</span><span class="pp-class-166 pa t39160 l3">tified </span><span class="pp-class-166 pa t39160 l39648 ls455">leases, </span><span class="pp-class-166 pa t39160 l39649">a </span><span class="pp-class-166 pa t39160 l39650 ls977">right-of-use </span><span class="pp-class-166 pa t39160 l11510 ls101">(ROU) </span><span class="pp-class-166 pa t39160 l39651 ls1428">asset </span><span class="pp-class-166 pa t39160 l39652">and </span><span class="pp-class-166 pa t39160 l8963 ls5508">corresponding </span><span class="pp-class-166 pa t39160 l15196 ls101">lease </span><span class="pp-class-166 pa t39160 l39653 ls1732">liability </span><span class="pp-class-166 pa t39160 l39654 ls228">are </span><span class="pp-class-166 pa t39655 l3 ls564">recognised </span><span class="pp-class-166 pa t39655 l39656">on </span><span class="pp-class-166 pa t39655 l39657">the </span><span class="pp-class-166 pa t39655 l39658 ls101">lease </span><span class="pp-class-166 pa t39655 l2608 ls1119">commencement </span><span class="pp-class-166 pa t39655 l29021 ls189">date. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39169 l3 ls2690">Upon </span><span class="pp-class-166 pa t39169 l39659 ls2660">initial </span><span class="pp-class-166 pa t39169 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t39169 l39660 ls1853">the </span><span class="pp-class-166 pa t39169 l39661 ls6399">ROU </span><span class="pp-class-166 pa t39169 l2667 ls10010">asset </span><span class="pp-class-166 pa t39169 l39662 ls1866">is </span><span class="pp-class-166 pa t39169 l39663 ls2302">measured </span><span class="pp-class-166 pa t39169 l39664 ls1866">at </span><span class="pp-class-166 pa t39169 l38857 ls4132">cost </span><span class="pp-class-166 pa t39169 l15476 ls6662">corresponding </span><span class="pp-class-166 pa t39169 l39665 ls2302">to </span><span class="pp-class-166 pa t39169 l39666 ls2307">the </span><span class="pp-class-166 pa t39175 l3 ls1536">lease </span><span class="pp-class-166 pa t39175 l39667 ls6056">liability </span><span class="pp-class-166 pa t39175 l39668 ls13624">recognised, </span><span class="pp-class-166 pa t39175 l14630 ls191">adjusted </span><span class="pp-class-166 pa t39175 l39669 ls2289">for </span><span class="pp-class-166 pa t39175 l6215 ls1853">any </span><span class="pp-class-166 pa t39175 l32432 ls1536">lease </span><span class="pp-class-166 pa t39175 l16182 ls2666">prepayments </span><span class="pp-class-166 pa t39175 l39670 ls1866">or </span><span class="pp-class-166 pa t39175 l39671 ls2834">directly </span><span class="pp-class-166 pa t39175 l39672 ls7096">related </span><span class="pp-class-166 pa t39183 l3 ls6383">costs, </span><span class="pp-class-166 pa t39183 l1166 ls115">including </span><span class="pp-class-166 pa t39183 l39673 ls2786">dismantling </span><span class="pp-class-166 pa t39183 l22743 ls1853">and </span><span class="pp-class-166 pa t39183 l1095 ls2355">restoration </span><span class="pp-class-166 pa t39183 l39674 ls6383">costs. </span><span class="pp-class-166 pa t39183 l30027 ls1853">The </span><span class="pp-class-166 pa t39183 l39675 ls1536">lease </span><span class="pp-class-166 pa t39183 l39676 ls6056">liability </span><span class="pp-class-166 pa t39183 l39677 ls1866">is </span><span class="pp-class-166 pa t39183 l26285 ls172">measured </span><span class="pp-class-166 pa t39188 l3 ls1866">at </span><span class="pp-class-166 pa t39188 l39678 ls1853">the </span><span class="pp-class-166 pa t39188 l28707 ls4132">present </span><span class="pp-class-166 pa t39188 l21849 ls1536">value </span><span class="pp-class-166 pa t39188 l39679 ls1866">of </span><span class="pp-class-166 pa t39188 l34361 ls1536">lease </span><span class="pp-class-166 pa t39188 l28037 ls1498">payments </span><span class="pp-class-166 pa t39188 l39680 ls1866">of </span><span class="pp-class-166 pa t39188 l39681 ls1853">the </span><span class="pp-class-166 pa t39188 l39682 ls2495">leasing </span><span class="pp-class-166 pa t39188 l39683 ls1858">period </span><span class="pp-class-166 pa t39188 l39684 ls2300">discounted </span><span class="pp-class-166 pa t39188 l39685 ls2688">using </span><span class="pp-class-166 pa t39188 l39686 ls2307">the </span><span class="pp-class-166 pa t39193 l3 ls2682">interest </span><span class="pp-class-166 pa t39193 l39687 ls8712">rate </span><span class="pp-class-166 pa t39193 l2358 ls1498">implicit </span><span class="pp-class-166 pa t39193 l27466 ls1866">in </span><span class="pp-class-166 pa t39193 l5521 ls1853">the </span><span class="pp-class-166 pa t39193 l9898 ls1536">lease </span><span class="pp-class-166 pa t39193 l4580 ls1868">contract. </span><span class="pp-class-166 pa t39193 l39688 ls1866">In </span><span class="pp-class-166 pa t39193 l39689 ls2287">cases </span><span class="pp-class-166 pa t39193 l39690 ls2247">where </span><span class="pp-class-166 pa t39193 l39691 ls1853">the </span><span class="pp-class-166 pa t39193 l39692 ls1498">implicit </span><span class="pp-class-166 pa t39193 l39693 ls2682">interest </span><span class="pp-class-166 pa t39193 l39694 ls2353">rate </span><span class="pp-class-166 pa t39695 l3 ls6383">cannot </span><span class="pp-class-166 pa t39695 l39696 ls1866">be </span><span class="pp-class-166 pa t39695 l10313 ls2325">determined, </span><span class="pp-class-166 pa t39695 l39697 ls1866">an </span><span class="pp-class-166 pa t39695 l39698 ls13624">appropriate </span><span class="pp-class-166 pa t39695 l39515 ls1824">incremental </span><span class="pp-class-166 pa t39695 l39699 ls1853">DSV </span><span class="pp-class-166 pa t39695 l39700 ls2315">borrowing </span><span class="pp-class-166 pa t39695 l39701 ls8712">rate </span><span class="pp-class-166 pa t39695 l39702 ls1866">is </span><span class="pp-class-166 pa t39695 l39703 ls1866">used. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39704 l3 ls169">At </span><span class="pp-class-166 pa t39704 l5964">subsequent </span><span class="pp-class-166 pa t39704 l12947 ls2451">measurement, </span><span class="pp-class-166 pa t39704 l31010">the </span><span class="pp-class-166 pa t39704 l39705 ls1026">ROU </span><span class="pp-class-166 pa t39704 l30541 ls1428">asset </span><span class="pp-class-166 pa t39704 l39706">is </span><span class="pp-class-166 pa t39704 l29206 ls1528">measured </span><span class="pp-class-166 pa t39704 l39707 ls48">less </span><span class="pp-class-166 pa t39704 l39708 ls189">accumulated </span><span class="pp-class-166 pa t39704 l39709">de-</span><span class="pp-class-166 pa t39710 l3 ls164">preciation </span><span class="pp-class-166 pa t39710 l35120">and </span><span class="pp-class-166 pa t39710 l27711">impairment </span><span class="pp-class-166 pa t39710 l39711 ls239">losses </span><span class="pp-class-166 pa t39710 l12564">and </span><span class="pp-class-166 pa t39710 l39712 ls740">adjusted </span><span class="pp-class-166 pa t39710 l39713 ls228">for </span><span class="pp-class-166 pa t39710 l8904">any </span><span class="pp-class-166 pa t39710 l39714 ls1444">remeasurements </span><span class="pp-class-166 pa t39710 l39715">of </span><span class="pp-class-166 pa t39710 l39716">the </span><span class="pp-class-166 pa t39717 l3 ls101">lease </span><span class="pp-class-166 pa t39717 l10028 ls461">liability. </span><span class="pp-class-166 pa t39717 l5954 ls2022">Depreciation </span><span class="pp-class-166 pa t39717 l32802 ls856">follows </span><span class="pp-class-166 pa t39717 l21508">the </span><span class="pp-class-166 pa t39717 l39718 ls234">straight-line </span><span class="pp-class-166 pa t39717 l39719 ls93">method </span><span class="pp-class-166 pa t39717 l39720 ls48">over </span><span class="pp-class-166 pa t39717 l39721">the </span><span class="pp-class-166 pa t39717 l39722 ls101">lease </span><span class="pp-class-166 pa t39717 l39723 ls1122">term </span><span class="pp-class-166 pa t39724 l3">or </span><span class="pp-class-166 pa t39724 l21054">the </span><span class="pp-class-166 pa t39724 l4874">useful </span><span class="pp-class-166 pa t39724 l39725 ls267">life </span><span class="pp-class-166 pa t39724 l15164">of </span><span class="pp-class-166 pa t39724 l39726">the </span><span class="pp-class-166 pa t39724 l14922 ls1026">ROU </span><span class="pp-class-166 pa t39724 l32812 ls4182">asset, </span><span class="pp-class-166 pa t39724 l39727 ls394">whichever </span><span class="pp-class-166 pa t39724 l39728">is </span><span class="pp-class-166 pa t39724 l39729 ls1094">shortest. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39730 l3 ls2263">The </span><span class="pp-class-166 pa t39730 l28697 ls2816">lease </span><span class="pp-class-166 pa t39730 l5542 ls13638">liability </span><span class="pp-class-166 pa t39730 l39731 ls2273">is </span><span class="pp-class-166 pa t39730 l39732 ls13560">measured </span><span class="pp-class-166 pa t39730 l39733 ls2273">at </span><span class="pp-class-166 pa t39730 l39734 ls13149">amortised </span><span class="pp-class-166 pa t39730 l39735 ls24761">cost </span><span class="pp-class-166 pa t39730 l39736 ls13149">using </span><span class="pp-class-166 pa t39730 l39737 ls2263">the </span><span class="pp-class-166 pa t39730 l39738 ls2364">effective </span><span class="pp-class-166 pa t39730 l39739 ls9084">interest </span><span class="pp-class-166 pa t39730 l29511 ls2239">method </span><span class="pp-class-166 pa t39740 l3 ls1853">and </span><span class="pp-class-166 pa t39740 l2343 ls191">adjusted </span><span class="pp-class-166 pa t39740 l4130 ls2289">for </span><span class="pp-class-166 pa t39740 l20994 ls1853">any </span><span class="pp-class-166 pa t39740 l39741 ls2309">remeasurements </span><span class="pp-class-166 pa t39740 l39742 ls1866">or </span><span class="pp-class-166 pa t39740 l39743 ls2834">modifications </span><span class="pp-class-166 pa t39740 l39744 ls2690">made </span><span class="pp-class-166 pa t39740 l9333 ls2302">to </span><span class="pp-class-166 pa t39740 l39745 ls1853">the </span><span class="pp-class-166 pa t39740 l23735 ls1766">contract. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39746 l3 ls1026">ROU </span><span class="pp-class-166 pa t39746 l32675 ls4053">assets </span><span class="pp-class-166 pa t39746 l38087">and </span><span class="pp-class-166 pa t39746 l5094 ls101">lease </span><span class="pp-class-166 pa t39746 l524">liabilities </span><span class="pp-class-166 pa t39746 l6832 ls228">are </span><span class="pp-class-166 pa t39746 l39747 ls1528">not </span><span class="pp-class-166 pa t39746 l39748 ls564">recognised </span><span class="pp-class-166 pa t39746 l8844 ls228">for </span><span class="pp-class-166 pa t39746 l39749">low </span><span class="pp-class-166 pa t39746 l21618 ls101">value </span><span class="pp-class-166 pa t39746 l39750 ls101">lease </span><span class="pp-class-166 pa t39746 l39751 ls4053">assets </span><span class="pp-class-166 pa t39752 l3">or </span><span class="pp-class-166 pa t39752 l21054 ls239">leases </span><span class="pp-class-166 pa t39752 l13220">with </span><span class="pp-class-166 pa t39752 l39533">a </span><span class="pp-class-166 pa t39752 l39753 ls101">lease </span><span class="pp-class-166 pa t39752 l5184 ls1122">term </span><span class="pp-class-166 pa t39752 l28514">of </span><span class="pp-class-166 pa t39752 l39754">12 </span><span class="pp-class-166 pa t39752 l39755">months </span><span class="pp-class-166 pa t39752 l39756">or </span><span class="pp-class-166 pa t39752 l39757 ls101">less. </span><span class="pp-class-166 pa t39752 l39758">These </span><span class="pp-class-166 pa t39752 l39759 ls228">are </span><span class="pp-class-166 pa t39752 l39760 ls564">recognised </span><span class="pp-class-166 pa t39752 l39761">as </span><span class="pp-class-166 pa t39752 l39762">an </span><span class="pp-class-166 pa t39763 l3 ls1849">expense </span><span class="pp-class-166 pa t39763 l39764">on </span><span class="pp-class-166 pa t39763 l39765">a </span><span class="pp-class-166 pa t39763 l5176 ls234">straight-line </span><span class="pp-class-166 pa t39763 l39766">basis </span><span class="pp-class-166 pa t39763 l39767 ls48">over </span><span class="pp-class-166 pa t39763 l39768">the </span><span class="pp-class-166 pa t39763 l39769 ls1122">term </span><span class="pp-class-166 pa t39763 l39770">of </span><span class="pp-class-166 pa t39763 l19383">the </span><span class="pp-class-166 pa t39763 l39771 ls239">lease. </span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39154 l3">Any </span><span class="pp-class-166 pa t39154 l33574 ls1915">service </span><span class="pp-class-166 pa t39154 l39772">elements </span><span class="pp-class-166 pa t39154 l39773 ls1217">separable </span><span class="pp-class-166 pa t39154 l39774 ls267">from </span><span class="pp-class-166 pa t39154 l20146">the </span><span class="pp-class-166 pa t39154 l39775 ls101">lease </span><span class="pp-class-166 pa t39154 l39776 ls704">contract </span><span class="pp-class-166 pa t39154 l39777 ls228">are </span><span class="pp-class-166 pa t39154 l39778 ls921">accounted </span><span class="pp-class-166 pa t39154 l39779 ls228">for </span><span class="pp-class-166 pa t39155 l3 ls851">following </span><span class="pp-class-166 pa t39155 l3761">the </span><span class="pp-class-166 pa t39155 l37718">same </span><span class="pp-class-166 pa t39155 l39780">principle. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39655 l3 ls455">Extension </span><span class="pp-class-166 pa t39655 l23286">options </span><span class="pp-class-166 pa t39655 l39781 ls228">are </span><span class="pp-class-166 pa t39655 l28534">only </span><span class="pp-class-166 pa t39655 l39782">included </span><span class="pp-class-166 pa t39655 l39783">in </span><span class="pp-class-166 pa t39655 l15009">the </span><span class="pp-class-166 pa t39655 l2227 ls101">lease </span><span class="pp-class-166 pa t39655 l39784 ls1122">term </span><span class="pp-class-166 pa t39655 l39785">if </span><span class="pp-class-166 pa t39655 l3500 ls853">extension </span><span class="pp-class-166 pa t39655 l39786">of </span><span class="pp-class-166 pa t39655 l39787">the </span><span class="pp-class-166 pa t39655 l39788 ls101">lease </span><span class="pp-class-166 pa t39655 l39789">is </span><span class="pp-class-166 pa t39163 l3 ls2476">reasonably </span><span class="pp-class-166 pa t39163 l39790 ls234">certain. </span><span class="pp-class-166 pa t39163 l32917">The </span><span class="pp-class-166 pa t39163 l39791 ls1617">majority </span><span class="pp-class-166 pa t39163 l4510">of </span><span class="pp-class-166 pa t39163 l39792 ls853">extension </span><span class="pp-class-166 pa t39163 l39793">and </span><span class="pp-class-166 pa t39163 l39794 ls86">termination </span><span class="pp-class-166 pa t39163 l39795">options </span><span class="pp-class-166 pa t39163 l25928">held </span><span class="pp-class-166 pa t39163 l39796 ls228">are </span><span class="pp-class-166 pa t39169 l3 ls12989">exercisable </span><span class="pp-class-166 pa t39169 l1721">only </span><span class="pp-class-166 pa t39169 l39797">by </span><span class="pp-class-166 pa t39169 l39798">the </span><span class="pp-class-166 pa t39169 l8968 ls497">Group </span><span class="pp-class-166 pa t39169 l29490">and </span><span class="pp-class-166 pa t39169 l39799 ls1528">not </span><span class="pp-class-166 pa t39169 l39800">by </span><span class="pp-class-166 pa t39169 l33268">the </span><span class="pp-class-166 pa t39169 l10723 ls143">respective </span><span class="pp-class-166 pa t39169 l39801 ls2708">lessor.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39183 l3 ls6399">ROU </span><span class="pp-class-166 pa t39183 l39802 ls7509">assets </span><span class="pp-class-166 pa t39183 l12359 ls3187">classified </span><span class="pp-class-166 pa t39183 l39803 ls1866">as </span><span class="pp-class-166 pa t39183 l39804 ls2690">land </span><span class="pp-class-166 pa t39183 l39805 ls1853">and </span><span class="pp-class-166 pa t39183 l39806 ls115">buildings </span><span class="pp-class-166 pa t39183 l39807 ls1858">mainly </span><span class="pp-class-166 pa t39183 l39808 ls2355">relate </span><span class="pp-class-166 pa t39183 l10900 ls2302">to </span><span class="pp-class-166 pa t39183 l3011 ls115">leases </span><span class="pp-class-166 pa t39183 l39809 ls1866">of </span><span class="pp-class-166 pa t39183 l33931 ls1663">warehouses, </span><span class="pp-class-166 pa t39188 l3 ls1428">terminals </span><span class="pp-class-166 pa t39188 l20242">and </span><span class="pp-class-166 pa t39188 l39810 ls93">office </span><span class="pp-class-166 pa t39188 l39811">buildings, </span><span class="pp-class-166 pa t39188 l26093 ls1410">whereas </span><span class="pp-class-166 pa t39188 l39812 ls4053">assets </span><span class="pp-class-166 pa t39188 l39813 ls564">recognised </span><span class="pp-class-166 pa t39188 l39209">as </span><span class="pp-class-166 pa t39188 l39814 ls75">other </span><span class="pp-class-166 pa t39188 l39815">plant </span><span class="pp-class-166 pa t39188 l39816">and </span><span class="pp-class-166 pa t39193 l3 ls1217">operating </span><span class="pp-class-166 pa t39193 l17518">equipment </span><span class="pp-class-166 pa t39193 l39817">mainly </span><span class="pp-class-166 pa t39193 l4925 ls2500">relate </span><span class="pp-class-166 pa t39193 l39818 ls135">to </span><span class="pp-class-166 pa t39193 l12655 ls239">leases </span><span class="pp-class-166 pa t39193 l39819">of </span><span class="pp-class-166 pa t39193 l39820 ls1217">trailers, </span><span class="pp-class-166 pa t39193 l39821 ls1839">trucks, </span><span class="pp-class-166 pa t39193 l39822 ls187">company </span><span class="pp-class-166 pa t39193 l39823 ls1575">cars, </span><span class="pp-class-166 pa t39695 l3 ls10">forklifts, </span><span class="pp-class-166 pa t39695 l28698">IT </span><span class="pp-class-166 pa t39695 l39824 ls1858">hardware </span><span class="pp-class-166 pa t39695 l4956">and </span><span class="pp-class-166 pa t39695 l8975 ls75">other </span><span class="pp-class-166 pa t39695 l39825 ls93">office </span><span class="pp-class-166 pa t39695 l26809 ls4088">equipment. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39704 l3">Land </span><span class="pp-class-166 pa t39704 l27377">and </span><span class="pp-class-166 pa t39704 l13295">building </span><span class="pp-class-166 pa t39704 l2317 ls239">leases </span><span class="pp-class-166 pa t39704 l39826">normally </span><span class="pp-class-166 pa t39704 l14937 ls48">have </span><span class="pp-class-166 pa t39704 l26483">a </span><span class="pp-class-166 pa t39704 l13472 ls101">lease </span><span class="pp-class-166 pa t39704 l39827 ls1122">term </span><span class="pp-class-166 pa t39704 l39828">of </span><span class="pp-class-166 pa t39704 l39829">up </span><span class="pp-class-166 pa t39704 l39830 ls135">to </span><span class="pp-class-166 pa t39704 l7315 ls614">ten </span><span class="pp-class-166 pa t39704 l39831 ls239">years, </span><span class="pp-class-166 pa t39704 l39832 ls1410">whereas </span><span class="pp-class-166 pa t39710 l3 ls239">leases </span><span class="pp-class-166 pa t39710 l26260">of </span><span class="pp-class-166 pa t39710 l38415 ls75">other </span><span class="pp-class-166 pa t39710 l28989">plant </span><span class="pp-class-166 pa t39710 l39833">and </span><span class="pp-class-166 pa t39710 l39834 ls1217">operating </span><span class="pp-class-166 pa t39710 l39835">equipment </span><span class="pp-class-166 pa t39710 l39836">normally </span><span class="pp-class-166 pa t39710 l22296 ls48">have </span><span class="pp-class-166 pa t39710 l37151">a </span><span class="pp-class-166 pa t39710 l39837 ls101">lease </span><span class="pp-class-166 pa t39710 l39838 ls1122">term </span><span class="pp-class-166 pa t39710 l39839">of </span><span class="pp-class-166 pa t39710 l39840">up </span><span class="pp-class-166 pa t39717 l3 ls135">to </span><span class="pp-class-166 pa t39717 l2457 ls48">five </span><span class="pp-class-166 pa t39717 l20667 ls239">years. </span><span class="pp-class-166 pa t39717 l15302">The </span><span class="pp-class-166 pa t39717 l8809 ls239">leases </span><span class="pp-class-166 pa t39717 l8634">may </span><span class="pp-class-166 pa t39717 l39841">include </span><span class="pp-class-166 pa t39717 l19478 ls853">extension </span><span class="pp-class-166 pa t39717 l31424">options </span><span class="pp-class-166 pa t39717 l39842">with </span><span class="pp-class-166 pa t39717 l30969">the </span><span class="pp-class-166 pa t39717 l30681 ls1428">intention </span><span class="pp-class-166 pa t39717 l39843">of </span><span class="pp-class-166 pa t39724 l3 ls564">securing </span><span class="pp-class-166 pa t39724 l39844 ls564">flexibility </span><span class="pp-class-166 pa t39724 l4033 ls2540">in </span><span class="pp-class-166 pa t39724 l39845 ls1528">the </span><span class="pp-class-166 pa t39724 l39846 ls2236">lease </span><span class="pp-class-166 pa t39724 l15318 ls75">– </span><span class="pp-class-166 pa t39724 l39847 ls7049">however, </span><span class="pp-class-166 pa t39724 l39848 ls1528">any </span><span class="pp-class-166 pa t39724 l39849 ls4405">leasing </span><span class="pp-class-166 pa t39724 l35608 ls1444">period </span><span class="pp-class-166 pa t39724 l39850 ls2540">beyond </span><span class="pp-class-166 pa t39724 l39851 ls1528">the </span><span class="pp-class-166 pa t39724 l39852 ls147">normal </span><span class="pp-class-166 pa t39853 l3 ls614">ten </span><span class="pp-class-166 pa t39853 l39854 ls101">years </span><span class="pp-class-166 pa t39853 l38375 ls70">expected </span><span class="pp-class-166 pa t39853 l39855">at </span><span class="pp-class-166 pa t39853 l38155">the </span><span class="pp-class-166 pa t39853 l39856">initiation </span><span class="pp-class-166 pa t39853 l39857">of </span><span class="pp-class-166 pa t39853 l22016">the </span><span class="pp-class-166 pa t39853 l39858 ls101">lease </span><span class="pp-class-166 pa t39853 l39859">will </span><span class="pp-class-166 pa t39853 l38010">normally </span><span class="pp-class-166 pa t39853 l39860">be </span><span class="pp-class-166 pa t39853 l39861 ls826">reflected </span><span class="pp-class-166 pa t39730 l3">in </span><span class="pp-class-166 pa t39730 l1746">the </span><span class="pp-class-166 pa t39730 l1747 ls4053">contractual </span><span class="pp-class-166 pa t39730 l39862 ls101">lease </span><span class="pp-class-166 pa t39730 l2703 ls1122">term </span><span class="pp-class-166 pa t39730 l39863 ls564">agreed.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40040 l3 ls5287">Accounting </span><span class="pp-class-170 pa t40040 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40041 l3 ls856">Pension </span><span class="pp-class-166 pa t40041 l1468">obligations </span><span class="pp-class-166 pa t40041 l3818 ls66">relating </span><span class="pp-class-166 pa t40041 l36993 ls135">to </span><span class="pp-class-166 pa t40041 l11412">defined </span><span class="pp-class-166 pa t40041 l29337 ls428">contribution </span><span class="pp-class-166 pa t40041 l40042">plans, </span><span class="pp-class-166 pa t40041 l40043">under </span><span class="pp-class-166 pa t40041 l40044">which </span><span class="pp-class-166 pa t40041 l40045">the </span><span class="pp-class-166 pa t40046 l3 ls497">Group </span><span class="pp-class-166 pa t40046 l1132 ls4015">pays </span><span class="pp-class-166 pa t40046 l40047 ls856">regular </span><span class="pp-class-166 pa t40046 l40048">pension </span><span class="pp-class-166 pa t40046 l40049 ls1575">contributions </span><span class="pp-class-166 pa t40046 l40050 ls135">to </span><span class="pp-class-166 pa t40046 l40051">independent </span><span class="pp-class-166 pa t40046 l40052">pension </span><span class="pp-class-166 pa t40046 l40053">funds, </span><span class="pp-class-166 pa t40046 l40054 ls228">are </span><span class="pp-class-166 pa t40055 l3 ls564">recognised </span><span class="pp-class-166 pa t40055 l39656">in </span><span class="pp-class-166 pa t40055 l40056">the </span><span class="pp-class-166 pa t40055 l40057 ls1122">statement </span><span class="pp-class-166 pa t40055 l40058">of </span><span class="pp-class-166 pa t40055 l40059 ls564">profit </span><span class="pp-class-166 pa t40055 l39120">or </span><span class="pp-class-166 pa t40055 l40060 ls48">loss </span><span class="pp-class-166 pa t40055 l13463 ls228">for </span><span class="pp-class-166 pa t40055 l37565">the </span><span class="pp-class-166 pa t40055 l2366">period </span><span class="pp-class-166 pa t40055 l40061">in </span><span class="pp-class-166 pa t40055 l31429">which </span><span class="pp-class-166 pa t40055 l40062 ls890">they </span><span class="pp-class-166 pa t40055 l40063 ls228">are </span><span class="pp-class-166 pa t40064 l3 ls455">earned. </span><span class="pp-class-166 pa t40064 l40065 ls158">Contributions </span><span class="pp-class-166 pa t40064 l40066 ls455">payable </span><span class="pp-class-166 pa t40064 l9832 ls228">are </span><span class="pp-class-166 pa t40064 l40067 ls564">recognised </span><span class="pp-class-166 pa t40064 l40068">in </span><span class="pp-class-166 pa t40064 l38619">the </span><span class="pp-class-166 pa t40064 l40069 ls1122">statement </span><span class="pp-class-166 pa t40064 l37635">of </span><span class="pp-class-166 pa t40064 l12585">financial </span><span class="pp-class-166 pa t40070 l3">position </span><span class="pp-class-166 pa t40070 l39262">under </span><span class="pp-class-166 pa t40070 l28350 ls75">other </span><span class="pp-class-166 pa t40070 l40071 ls702">current </span><span class="pp-class-166 pa t40070 l40072">liabilities.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40073 l3">In </span><span class="pp-class-166 pa t40073 l1589 ls228">regards </span><span class="pp-class-166 pa t40073 l26839 ls135">to </span><span class="pp-class-166 pa t40073 l40074">defined </span><span class="pp-class-166 pa t40073 l40075">benefit </span><span class="pp-class-166 pa t40073 l40076">plans, </span><span class="pp-class-166 pa t40073 l34257">an </span><span class="pp-class-166 pa t40073 l40077 ls2030">actuarial </span><span class="pp-class-166 pa t40073 l40078 ls394">valuation </span><span class="pp-class-166 pa t40073 l40079">of </span><span class="pp-class-166 pa t40073 l40080">the </span><span class="pp-class-166 pa t40073 l28283 ls856">present </span><span class="pp-class-166 pa t40073 l39001 ls101">value </span><span class="pp-class-166 pa t40081 l3">of </span><span class="pp-class-166 pa t40081 l2457 ls564">future </span><span class="pp-class-166 pa t40081 l13539">benefits </span><span class="pp-class-166 pa t40081 l40082 ls455">payable </span><span class="pp-class-166 pa t40081 l40083">under </span><span class="pp-class-166 pa t40081 l30054">the </span><span class="pp-class-166 pa t40081 l9833">plan </span><span class="pp-class-166 pa t40081 l40084">is </span><span class="pp-class-166 pa t40081 l40085">made </span><span class="pp-class-166 pa t40081 l40086 ls1122">once </span><span class="pp-class-166 pa t40081 l40087">a </span><span class="pp-class-166 pa t40081 l19533 ls1536">year. </span><span class="pp-class-166 pa t40081 l40088">The </span><span class="pp-class-166 pa t40081 l40089 ls856">present </span><span class="pp-class-166 pa t40081 l40090 ls1026">val-</span><span class="pp-class-166 pa t40091 l3">ue </span><span class="pp-class-166 pa t40091 l39995">is </span><span class="pp-class-166 pa t40091 l22196 ls2022">calculated </span><span class="pp-class-166 pa t40091 l40092">based </span><span class="pp-class-166 pa t40091 l33865">on </span><span class="pp-class-166 pa t40091 l2333 ls455">various </span><span class="pp-class-166 pa t40091 l40093 ls205">assumptions, </span><span class="pp-class-166 pa t40091 l40094">including </span><span class="pp-class-166 pa t40091 l40095">the </span><span class="pp-class-166 pa t40091 l40096 ls564">future </span><span class="pp-class-166 pa t40091 l40097 ls455">develop-</span><span class="pp-class-166 pa t40098 l3">ment </span><span class="pp-class-166 pa t40098 l5719">in </span><span class="pp-class-166 pa t40098 l40099 ls1761">wage/salary </span><span class="pp-class-166 pa t40098 l15191 ls455">levels, </span><span class="pp-class-166 pa t40098 l40100 ls135">interest </span><span class="pp-class-166 pa t40098 l4542 ls2870">rates, </span><span class="pp-class-166 pa t40098 l20854">inflation </span><span class="pp-class-166 pa t40098 l40101">and </span><span class="pp-class-166 pa t40098 l40102 ls461">mortality. </span><span class="pp-class-166 pa t40098 l40103">The </span><span class="pp-class-166 pa t40098 l40104 ls856">present </span><span class="pp-class-166 pa t40105 l3 ls101">value </span><span class="pp-class-166 pa t40105 l39466">is </span><span class="pp-class-166 pa t40105 l40106">only </span><span class="pp-class-166 pa t40105 l22178 ls2022">calculated </span><span class="pp-class-166 pa t40105 l9877 ls228">for </span><span class="pp-class-166 pa t40105 l40107">benefits </span><span class="pp-class-166 pa t40105 l6969 ls135">to </span><span class="pp-class-166 pa t40105 l40108">which </span><span class="pp-class-166 pa t40105 l40109">the </span><span class="pp-class-166 pa t40105 l10307">employees </span><span class="pp-class-166 pa t40105 l40110 ls48">have </span><span class="pp-class-166 pa t40105 l40111 ls740">become </span><span class="pp-class-166 pa t40105 l40112">enti-</span><span class="pp-class-166 pa t40113 l3">tled </span><span class="pp-class-166 pa t40113 l40114">during </span><span class="pp-class-166 pa t40113 l26928">their </span><span class="pp-class-166 pa t40113 l15639">employment </span><span class="pp-class-166 pa t40113 l40115">with </span><span class="pp-class-166 pa t40113 l40116">the </span><span class="pp-class-166 pa t40113 l40117 ls564">Group. </span><span class="pp-class-166 pa t40113 l40118">The </span><span class="pp-class-166 pa t40113 l40119 ls2030">actuarial </span><span class="pp-class-166 pa t40113 l39575 ls226">calculation </span><span class="pp-class-166 pa t40113 l40120">of </span><span class="pp-class-166 pa t40113 l40121">the </span><span class="pp-class-166 pa t40122 l3 ls856">present </span><span class="pp-class-166 pa t40122 l40123 ls101">value </span><span class="pp-class-166 pa t40122 l40124 ls48">less </span><span class="pp-class-166 pa t40122 l28391">the </span><span class="pp-class-166 pa t40122 l5280 ls2307">fair </span><span class="pp-class-166 pa t40122 l40125 ls101">value </span><span class="pp-class-166 pa t40122 l40126">of </span><span class="pp-class-166 pa t40122 l40127 ls4053">assets </span><span class="pp-class-166 pa t40122 l40128">under </span><span class="pp-class-166 pa t40122 l40129">the </span><span class="pp-class-166 pa t40122 l40130">plan </span><span class="pp-class-166 pa t40122 l40131">is </span><span class="pp-class-166 pa t40122 l40132 ls564">recognised </span><span class="pp-class-166 pa t40122 l40133">in </span><span class="pp-class-166 pa t40122 l40134">the </span><span class="pp-class-166 pa t40135 l3 ls1122">statement </span><span class="pp-class-166 pa t40135 l21945">of </span><span class="pp-class-166 pa t40135 l793">financial </span><span class="pp-class-166 pa t40135 l27781">position </span><span class="pp-class-166 pa t40135 l40136">under </span><span class="pp-class-166 pa t40135 l15308">pensions </span><span class="pp-class-166 pa t40135 l40137">and </span><span class="pp-class-166 pa t40135 l30553 ls75">other </span><span class="pp-class-166 pa t40135 l29231 ls394">post-employment </span><span class="pp-class-166 pa t40138 l3">benefit </span><span class="pp-class-166 pa t40138 l5126">plans. </span><span class="pp-class-166 pa t40138 l35115 ls856">Pension </span><span class="pp-class-166 pa t40138 l20780 ls1129">costs </span><span class="pp-class-166 pa t40138 l26409 ls228">for </span><span class="pp-class-166 pa t40138 l29112">the </span><span class="pp-class-166 pa t40138 l40139 ls48">year </span><span class="pp-class-166 pa t40138 l31138 ls228">are </span><span class="pp-class-166 pa t40138 l33726 ls564">recognised </span><span class="pp-class-166 pa t40138 l40140">in </span><span class="pp-class-166 pa t40138 l40141">the </span><span class="pp-class-166 pa t40138 l40142 ls1122">statement </span><span class="pp-class-166 pa t40138 l40143">of </span><span class="pp-class-166 pa t40144 l3 ls564">profit </span><span class="pp-class-166 pa t40144 l2892">or </span><span class="pp-class-166 pa t40144 l7001 ls48">loss </span><span class="pp-class-166 pa t40144 l18076">based </span><span class="pp-class-166 pa t40144 l6774">on </span><span class="pp-class-166 pa t40144 l39119 ls2030">actuarial </span><span class="pp-class-166 pa t40144 l40145 ls1217">estimates </span><span class="pp-class-166 pa t40144 l2439">and </span><span class="pp-class-166 pa t40144 l40146">the </span><span class="pp-class-166 pa t40144 l15485">financial </span><span class="pp-class-166 pa t40144 l40147">outlook </span><span class="pp-class-166 pa t40144 l40148">at </span><span class="pp-class-166 pa t40144 l40149">the </span><span class="pp-class-166 pa t40150 l3">beginning </span><span class="pp-class-166 pa t40150 l33617">of </span><span class="pp-class-166 pa t40150 l40151">the </span><span class="pp-class-166 pa t40150 l40152 ls2483">year.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40153 l3 ls52">Differences </span><span class="pp-class-166 pa t40153 l29956 ls946">between </span><span class="pp-class-166 pa t40153 l40154">the </span><span class="pp-class-166 pa t40153 l19492 ls2022">calculated </span><span class="pp-class-166 pa t40153 l40155 ls205">development </span><span class="pp-class-166 pa t40153 l33516">in </span><span class="pp-class-166 pa t40153 l9719">pension </span><span class="pp-class-166 pa t40153 l15204">plan </span><span class="pp-class-166 pa t40153 l40156 ls4053">assets </span><span class="pp-class-166 pa t40153 l40157">and </span><span class="pp-class-166 pa t40158 l3">liabilities </span><span class="pp-class-166 pa t40158 l6178">and </span><span class="pp-class-166 pa t40158 l16279">the </span><span class="pp-class-166 pa t40158 l5821 ls1528">realised </span><span class="pp-class-166 pa t40158 l40159 ls239">values </span><span class="pp-class-166 pa t40158 l40160 ls228">are </span><span class="pp-class-166 pa t40158 l40161 ls564">recognised </span><span class="pp-class-166 pa t40158 l10159">in </span><span class="pp-class-166 pa t40158 l31998 ls75">other </span><span class="pp-class-166 pa t40158 l12952 ls495">comprehensive </span><span class="pp-class-166 pa t40158 l40162 ls740">income </span><span class="pp-class-166 pa t40163 l3">as </span><span class="pp-class-166 pa t40163 l2424 ls2030">actuarial </span><span class="pp-class-166 pa t40163 l40164">gains </span><span class="pp-class-166 pa t40163 l40165">or </span><span class="pp-class-166 pa t40163 l22344 ls239">losses.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40166 l3">Changes </span><span class="pp-class-166 pa t40166 l6521">in </span><span class="pp-class-166 pa t40166 l35431">benefits </span><span class="pp-class-166 pa t40166 l5037 ls455">payable </span><span class="pp-class-166 pa t40166 l26600 ls228">for </span><span class="pp-class-166 pa t40166 l40167 ls7985">employees’ </span><span class="pp-class-166 pa t40166 l40168 ls461">past </span><span class="pp-class-166 pa t40166 l40169 ls457">services </span><span class="pp-class-166 pa t40166 l40170 ls135">to </span><span class="pp-class-166 pa t40166 l40171">the </span><span class="pp-class-166 pa t40166 l40172 ls187">company </span><span class="pp-class-166 pa t40166 l40173 ls564">result </span><span class="pp-class-166 pa t40174 l3">in </span><span class="pp-class-166 pa t40174 l1746">an </span><span class="pp-class-166 pa t40174 l40175 ls239">adjustment </span><span class="pp-class-166 pa t40174 l40176">of </span><span class="pp-class-166 pa t40174 l27210">the </span><span class="pp-class-166 pa t40174 l5627 ls2030">actuarial </span><span class="pp-class-166 pa t40174 l37603 ls226">calculation </span><span class="pp-class-166 pa t40174 l40177">of </span><span class="pp-class-166 pa t40174 l40178">the </span><span class="pp-class-166 pa t40174 l40179 ls856">present </span><span class="pp-class-166 pa t40174 l40180 ls239">value, </span><span class="pp-class-166 pa t40174 l40181">which </span><span class="pp-class-166 pa t40174 l40182">is </span><span class="pp-class-166 pa t40174 l40183">clas-</span><span class="pp-class-166 pa t40184 l3">sified </span><span class="pp-class-166 pa t40184 l40185">as </span><span class="pp-class-166 pa t40184 l31158 ls461">past </span><span class="pp-class-166 pa t40184 l13356 ls1915">service </span><span class="pp-class-166 pa t40184 l40186 ls2540">costs. </span><span class="pp-class-166 pa t40184 l40187 ls73">Past </span><span class="pp-class-166 pa t40184 l40188 ls1915">service </span><span class="pp-class-166 pa t40184 l40189 ls1129">costs </span><span class="pp-class-166 pa t40184 l40190 ls228">are </span><span class="pp-class-166 pa t40184 l5902 ls856">charged </span><span class="pp-class-166 pa t40184 l30569 ls135">to </span><span class="pp-class-166 pa t40184 l40191">the </span><span class="pp-class-166 pa t40184 l40192 ls1122">statement </span><span class="pp-class-166 pa t40193 l3">of </span><span class="pp-class-166 pa t40193 l2457 ls564">profit </span><span class="pp-class-166 pa t40193 l3710">or </span><span class="pp-class-166 pa t40193 l3711 ls48">loss </span><span class="pp-class-166 pa t40193 l3712 ls86">immediately </span><span class="pp-class-166 pa t40193 l40194">if </span><span class="pp-class-166 pa t40193 l30117">the </span><span class="pp-class-166 pa t40193 l30473">employees </span><span class="pp-class-166 pa t40193 l40195 ls48">have </span><span class="pp-class-166 pa t40193 l40196 ls1410">already </span><span class="pp-class-166 pa t40193 l40197 ls239">earned </span><span class="pp-class-166 pa t40193 l40198">the </span><span class="pp-class-166 pa t40193 l29146">right </span><span class="pp-class-166 pa t40199 l3 ls135">to </span><span class="pp-class-166 pa t40199 l2457">the </span><span class="pp-class-166 pa t40199 l3086 ls740">adjusted </span><span class="pp-class-166 pa t40199 l13246">benefits. </span><span class="pp-class-166 pa t40199 l1093 ls1701">Otherwise, </span><span class="pp-class-166 pa t40199 l40200 ls890">they </span><span class="pp-class-166 pa t40199 l31553">will </span><span class="pp-class-166 pa t40199 l40201">be </span><span class="pp-class-166 pa t40199 l40202 ls564">recognised </span><span class="pp-class-166 pa t40199 l13252">in </span><span class="pp-class-166 pa t40199 l4326">the </span><span class="pp-class-166 pa t40199 l39391 ls1122">statement </span><span class="pp-class-166 pa t40203 l3">of </span><span class="pp-class-166 pa t40203 l2457 ls564">profit </span><span class="pp-class-166 pa t40203 l3710">or </span><span class="pp-class-166 pa t40203 l3711 ls48">loss </span><span class="pp-class-166 pa t40203 l3712 ls48">over </span><span class="pp-class-166 pa t40203 l32610">the </span><span class="pp-class-166 pa t40203 l21535">period </span><span class="pp-class-166 pa t40203 l40126">in </span><span class="pp-class-166 pa t40203 l40204">which </span><span class="pp-class-166 pa t40203 l34528">the </span><span class="pp-class-166 pa t40203 l35938">employees </span><span class="pp-class-166 pa t40203 l8678 ls48">earn </span><span class="pp-class-166 pa t40203 l26130">the </span><span class="pp-class-166 pa t40203 l40205">right </span><span class="pp-class-166 pa t40203 l40206 ls135">to </span><span class="pp-class-166 pa t40203 l40207">the </span><span class="pp-class-166 pa t40208 l3 ls740">adjusted </span><span class="pp-class-166 pa t40208 l6178">benefits.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls1410">Provisions </span><span class="pp-class-166 pa t3330 l40682 ls228">are </span><span class="pp-class-166 pa t3330 l32848 ls564">recognised </span><span class="pp-class-166 pa t3330 l40683">when, </span><span class="pp-class-166 pa t3330 l40684">due </span><span class="pp-class-166 pa t3330 l20041 ls135">to </span><span class="pp-class-166 pa t3330 l1979">an </span><span class="pp-class-166 pa t3330 l40685 ls101">event </span><span class="pp-class-166 pa t3330 l40686 ls853">occurring </span><span class="pp-class-166 pa t3330 l40687">on </span><span class="pp-class-166 pa t3330 l40688">or </span><span class="pp-class-166 pa t3330 l5388 ls1498">before </span><span class="pp-class-166 pa t3330 l40689">the </span><span class="pp-class-166 pa t3338 l3 ls1428">reporting </span><span class="pp-class-166 pa t3338 l9924 ls189">date, </span><span class="pp-class-166 pa t3338 l5480">the </span><span class="pp-class-166 pa t3338 l5072 ls497">Group </span><span class="pp-class-166 pa t3338 l2164">has </span><span class="pp-class-166 pa t3338 l10857">a </span><span class="pp-class-166 pa t3338 l40690">legal </span><span class="pp-class-166 pa t3338 l40691">or </span><span class="pp-class-166 pa t3338 l12834 ls394">constructive </span><span class="pp-class-166 pa t3338 l40692">obligation </span><span class="pp-class-166 pa t3338 l40693">and </span><span class="pp-class-166 pa t3338 l12988">it </span><span class="pp-class-166 pa t3338 l40694">is </span><span class="pp-class-166 pa t3338 l15234 ls497">proba-</span><span class="pp-class-166 pa t3348 l3">ble </span><span class="pp-class-166 pa t3348 l19474">that </span><span class="pp-class-166 pa t3348 l6963">the </span><span class="pp-class-166 pa t3348 l40695 ls497">Group </span><span class="pp-class-166 pa t3348 l40696">will </span><span class="pp-class-166 pa t3348 l30970 ls48">have </span><span class="pp-class-166 pa t3348 l15357 ls135">to </span><span class="pp-class-166 pa t3348 l40697 ls48">give </span><span class="pp-class-166 pa t3348 l40698">up </span><span class="pp-class-166 pa t3348 l36432 ls564">future </span><span class="pp-class-166 pa t3348 l40699 ls234">economic </span><span class="pp-class-166 pa t3348 l12014">benefits </span><span class="pp-class-166 pa t3348 l9910 ls135">to </span><span class="pp-class-166 pa t3348 l40700 ls923">meet </span><span class="pp-class-166 pa t3348 l40701">the </span><span class="pp-class-166 pa t3360 l3">obligation.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3682 l3 ls1410">Provisions </span><span class="pp-class-166 pa t3682 l40682 ls228">are </span><span class="pp-class-166 pa t3682 l32848 ls1528">measured </span><span class="pp-class-166 pa t3682 l28260">on </span><span class="pp-class-166 pa t3682 l40702">the </span><span class="pp-class-166 pa t3682 l26024">basis </span><span class="pp-class-166 pa t3682 l12552">of </span><span class="pp-class-166 pa t3682 l15401 ls1528">Management’s </span><span class="pp-class-166 pa t3682 l40703 ls461">best </span><span class="pp-class-166 pa t3682 l7337 ls740">estimate </span><span class="pp-class-166 pa t3682 l40704">of </span><span class="pp-class-166 pa t3682 l40705">the </span><span class="pp-class-166 pa t3375 l3 ls86">anticipated </span><span class="pp-class-166 pa t3375 l40706 ls1129">expenditure </span><span class="pp-class-166 pa t3375 l22199 ls228">for </span><span class="pp-class-166 pa t3375 l38029 ls10409">settlement </span><span class="pp-class-166 pa t3375 l40707">of </span><span class="pp-class-166 pa t3375 l32060">the </span><span class="pp-class-166 pa t3375 l40708 ls1528">relevant </span><span class="pp-class-166 pa t3375 l40709">obligation </span><span class="pp-class-166 pa t3375 l40710">and </span><span class="pp-class-166 pa t3375 l40711 ls228">are </span><span class="pp-class-166 pa t3387 l3 ls946">discounted </span><span class="pp-class-166 pa t3387 l20993">if </span><span class="pp-class-166 pa t3387 l14105">deemed </span><span class="pp-class-166 pa t3387 l13678 ls234">material.</span></p><div class="pp-class-4" id="pp-id-4437" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41194 pa t2 l3 wtro4 xx41195 tro6 xx41196"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41197 l3 ls6083">Share </span><span class="pp-class-170 pa t41197 l41198 ls263">capital</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41199 l3 ls169">At </span><span class="pp-class-166 pa t41199 l5964 ls48">year </span><span class="pp-class-166 pa t41199 l41200">end, </span><span class="pp-class-166 pa t41199 l41201">the </span><span class="pp-class-166 pa t41199 l41202 ls497">share </span><span class="pp-class-166 pa t41199 l41203 ls853">capital </span><span class="pp-class-166 pa t41199 l9499">of </span><span class="pp-class-166 pa t41199 l41204">DSV </span><span class="pp-class-166 pa t41199 l41205 ls15430">A/S </span><span class="pp-class-166 pa t41199 l41206 ls234">amounted </span><span class="pp-class-166 pa t41199 l41207 ls135">to </span><span class="pp-class-166 pa t41199 l29913">240 </span><span class="pp-class-166 pa t41199 l41208">million </span><span class="pp-class-166 pa t41199 l41209 ls564">shares </span><span class="pp-class-166 pa t41210 l3">(2024: </span><span class="pp-class-166 pa t41210 l10819">240 </span><span class="pp-class-166 pa t41210 l41211">million </span><span class="pp-class-166 pa t41210 l15304 ls856">shares) </span><span class="pp-class-166 pa t41210 l41212">with </span><span class="pp-class-166 pa t41210 l41213">a </span><span class="pp-class-166 pa t41210 l41214">nominal </span><span class="pp-class-166 pa t41210 l1845 ls101">value </span><span class="pp-class-166 pa t41210 l40442">of </span><span class="pp-class-166 pa t41210 l41215">DKK </span><span class="pp-class-166 pa t41210 l41216">1 </span><span class="pp-class-166 pa t41210 l41217 ls101">each. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41218 l3 ls564">Shares </span><span class="pp-class-166 pa t41218 l3588 ls59">consist </span><span class="pp-class-166 pa t41218 l31508">of </span><span class="pp-class-166 pa t41218 l41219">only </span><span class="pp-class-166 pa t41218 l21515">one </span><span class="pp-class-166 pa t41218 l41220 ls497">share </span><span class="pp-class-166 pa t41218 l41144 ls101">class </span><span class="pp-class-166 pa t41218 l21310">and </span><span class="pp-class-166 pa t41218 l41221">include </span><span class="pp-class-166 pa t41218 l41222">no </span><span class="pp-class-166 pa t41218 l41223">special </span><span class="pp-class-166 pa t41218 l41224">rights, </span><span class="pp-class-166 pa t41225 l3 ls5048">preferences </span><span class="pp-class-166 pa t41225 l6005">or </span><span class="pp-class-166 pa t41225 l41226 ls461">restrictions. </span><span class="pp-class-166 pa t41225 l41227">All </span><span class="pp-class-166 pa t41225 l41228 ls564">shares </span><span class="pp-class-166 pa t41225 l41229 ls228">are </span><span class="pp-class-166 pa t41225 l23732">fully </span><span class="pp-class-166 pa t41225 l34034">paid </span><span class="pp-class-166 pa t41225 l41230">up.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41231 l3 ls24761">Reserves</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41232 l3 ls951">Reserves </span><span class="pp-class-166 pa t41232 l41233">as </span><span class="pp-class-166 pa t41232 l41234 ls702">presented </span><span class="pp-class-166 pa t41232 l4521">in </span><span class="pp-class-166 pa t41232 l41235">the </span><span class="pp-class-166 pa t41232 l41236 ls1122">statement </span><span class="pp-class-166 pa t41232 l41237">of </span><span class="pp-class-166 pa t41232 l23381">changes </span><span class="pp-class-166 pa t41232 l41238">in </span><span class="pp-class-166 pa t41232 l41239 ls1701">equity </span><span class="pp-class-166 pa t41232 l41240 ls234">comprise </span><span class="pp-class-166 pa t41232 l41241 ls187">treasury </span><span class="pp-class-166 pa t41242 l3 ls497">share </span><span class="pp-class-166 pa t41242 l22334 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41243">hedging </span><span class="pp-class-166 pa t41242 l8784 ls205">reserve </span><span class="pp-class-166 pa t41242 l1139">and </span><span class="pp-class-166 pa t41242 l2429 ls977">translation </span><span class="pp-class-166 pa t41242 l41244 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41245">as </span><span class="pp-class-166 pa t41242 l41246 ls211">specified </span><span class="pp-class-166 pa t41242 l21727">on </span><span class="pp-class-166 pa t41242 l41247">the </span><span class="pp-class-166 pa t41248 l3 ls66">previous </span><span class="pp-class-166 pa t41248 l2482">page.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41249 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41250 l3 ls1167">Treasury </span><span class="pp-class-172 pa t41250 l5586 ls1115">share </span><span class="pp-class-172 pa t41250 l41251 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41252 l3">The </span><span class="pp-class-166 pa t41252 l1525 ls205">reserve </span><span class="pp-class-166 pa t41252 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41252 l33189">the </span><span class="pp-class-166 pa t41252 l41253">nominal </span><span class="pp-class-166 pa t41252 l13701 ls101">value </span><span class="pp-class-166 pa t41252 l5900">of </span><span class="pp-class-166 pa t41252 l41132 ls187">treasury </span><span class="pp-class-166 pa t41252 l41254 ls856">shares. </span><span class="pp-class-166 pa t41252 l41255">The </span><span class="pp-class-166 pa t41252 l21247 ls4013">difference </span><span class="pp-class-166 pa t41256 l3 ls946">between </span><span class="pp-class-166 pa t41256 l14757">the </span><span class="pp-class-166 pa t41256 l14758 ls495">market </span><span class="pp-class-166 pa t41256 l41257 ls189">price </span><span class="pp-class-166 pa t41256 l14936">paid </span><span class="pp-class-166 pa t41256 l12965">and </span><span class="pp-class-166 pa t41256 l9907">the </span><span class="pp-class-166 pa t41256 l10346">nominal </span><span class="pp-class-166 pa t41256 l20783 ls101">value </span><span class="pp-class-166 pa t41256 l23397">plus </span><span class="pp-class-166 pa t41256 l41258">dividends </span><span class="pp-class-166 pa t41256 l41259">on </span><span class="pp-class-166 pa t41256 l41260 ls187">treasury </span><span class="pp-class-166 pa t41261 l3 ls564">shares </span><span class="pp-class-166 pa t41261 l18904">is </span><span class="pp-class-166 pa t41261 l41262 ls564">recognised </span><span class="pp-class-166 pa t41261 l41263 ls461">directly </span><span class="pp-class-166 pa t41261 l41264">as </span><span class="pp-class-166 pa t41261 l4548 ls1416">retained </span><span class="pp-class-166 pa t41261 l29455 ls394">earnings </span><span class="pp-class-166 pa t41261 l41265">in </span><span class="pp-class-166 pa t41261 l41266 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41267 l3 ls13863">Treasury </span><span class="pp-class-166 pa t41267 l41268 ls564">shares </span><span class="pp-class-166 pa t41267 l37951 ls228">are </span><span class="pp-class-166 pa t41267 l41269">bought </span><span class="pp-class-166 pa t41267 l41270 ls135">to </span><span class="pp-class-166 pa t41267 l2554 ls923">meet </span><span class="pp-class-166 pa t41267 l41271">obligations </span><span class="pp-class-166 pa t41267 l41272">under </span><span class="pp-class-166 pa t41267 l41273">the </span><span class="pp-class-166 pa t41267 l1572 ls856">Company’s </span><span class="pp-class-166 pa t41267 l41274 ls704">incentive </span><span class="pp-class-166 pa t41275 l3 ls2660">schemes </span><span class="pp-class-166 pa t41275 l41276 ls1853">and </span><span class="pp-class-166 pa t41275 l26529 ls2302">to </span><span class="pp-class-166 pa t41275 l31435 ls2688">adapt </span><span class="pp-class-166 pa t41275 l11726 ls1853">the </span><span class="pp-class-166 pa t41275 l41277 ls2668">capital </span><span class="pp-class-166 pa t41275 l32461 ls6928">structure. </span><span class="pp-class-166 pa t41275 l41278 ls1853">The </span><span class="pp-class-166 pa t41275 l5242 ls115">reserve </span><span class="pp-class-166 pa t41275 l41279 ls1866">is </span><span class="pp-class-166 pa t41275 l41280 ls2307">a </span><span class="pp-class-166 pa t41275 l41281 ls2380">distributable </span><span class="pp-class-166 pa t41275 l41282 ls115">reserve.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41283 l3">Hedging </span><span class="pp-class-172 pa t41283 l41284 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41285 l3">The </span><span class="pp-class-166 pa t41285 l1525 ls205">reserve </span><span class="pp-class-166 pa t41285 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41285 l33189">the </span><span class="pp-class-166 pa t41285 l41253 ls2307">fair </span><span class="pp-class-166 pa t41285 l14206 ls101">value </span><span class="pp-class-166 pa t41285 l41286">of </span><span class="pp-class-166 pa t41285 l11002">hedging </span><span class="pp-class-166 pa t41285 l41287 ls239">instruments </span><span class="pp-class-166 pa t41285 l41288 ls4212">qualifying </span><span class="pp-class-166 pa t41285 l41289 ls228">for </span><span class="pp-class-166 pa t41290 l3">hedge </span><span class="pp-class-166 pa t41290 l11492 ls189">accounting. </span><span class="pp-class-166 pa t41290 l21600">Hedge </span><span class="pp-class-166 pa t41290 l41291 ls946">accounting </span><span class="pp-class-166 pa t41290 l41292 ls189">ceases </span><span class="pp-class-166 pa t41290 l23902">when </span><span class="pp-class-166 pa t41290 l17793">the </span><span class="pp-class-166 pa t41290 l41293">hedging </span><span class="pp-class-166 pa t41290 l41294 ls239">instrument </span><span class="pp-class-166 pa t41295 l3 ls856">matures </span><span class="pp-class-166 pa t41295 l41296">or </span><span class="pp-class-166 pa t41295 l11927">if </span><span class="pp-class-166 pa t41295 l5932">a </span><span class="pp-class-166 pa t41295 l3374">hedge </span><span class="pp-class-166 pa t41295 l4876">is </span><span class="pp-class-166 pa t41295 l41297">no </span><span class="pp-class-166 pa t41295 l19821">longer </span><span class="pp-class-166 pa t41295 l15147 ls1900">effective.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41298 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41299 l3 ls4013">Foreign </span><span class="pp-class-172 pa t41299 l8800 ls740">currency </span><span class="pp-class-172 pa t41299 l14189 ls154">translation </span><span class="pp-class-172 pa t41299 l5647 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41300 l3 ls2313">The </span><span class="pp-class-166 pa t41300 l7048 ls6662">reserve </span><span class="pp-class-166 pa t41300 l4857 ls14689">comprises </span><span class="pp-class-166 pa t41300 l41301 ls13641">foreign </span><span class="pp-class-166 pa t41300 l41302 ls2289">currency </span><span class="pp-class-166 pa t41300 l41303 ls7116">translation </span><span class="pp-class-166 pa t41300 l41304 ls6530">arising </span><span class="pp-class-166 pa t41300 l41305 ls2275">on </span><span class="pp-class-166 pa t41300 l41306 ls2313">the </span><span class="pp-class-166 pa t41300 l41307 ls7116">translation </span><span class="pp-class-166 pa t41300 l41308">of </span><span class="pp-class-166 pa t41309 l3 ls234">net </span><span class="pp-class-166 pa t41309 l2647 ls226">investments </span><span class="pp-class-166 pa t41309 l3961">and </span><span class="pp-class-166 pa t41309 l23784 ls1766">related </span><span class="pp-class-166 pa t41309 l41310">hedging </span><span class="pp-class-166 pa t41309 l41311">in </span><span class="pp-class-166 pa t41309 l3049">entities </span><span class="pp-class-166 pa t41309 l41312">with </span><span class="pp-class-166 pa t41309 l38789">a </span><span class="pp-class-166 pa t41309 l41313 ls3593">functional </span><span class="pp-class-166 pa t41309 l41314 ls1849">currency </span><span class="pp-class-166 pa t41309 l41315 ls75">other </span><span class="pp-class-166 pa t41316 l3">than </span><span class="pp-class-166 pa t41316 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41316 l29865">The </span><span class="pp-class-166 pa t41316 l41317 ls205">reserve </span><span class="pp-class-166 pa t41316 l41318">is </span><span class="pp-class-166 pa t41316 l41319 ls48">dissolved </span><span class="pp-class-166 pa t41316 l30488">upon </span><span class="pp-class-166 pa t41316 l31138">disposal </span><span class="pp-class-166 pa t41316 l21718">of </span><span class="pp-class-166 pa t41316 l41320">entities.</span></p></div></div><div class="pp-class-4" id="pp-id-4444" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525">financial </span><span class="pp-class-166 pa t3330 l11352">liabilities </span><span class="pp-class-166 pa t3330 l664">of </span><span class="pp-class-166 pa t3330 l5458">the </span><span class="pp-class-166 pa t3330 l41527 ls497">Group </span><span class="pp-class-166 pa t3330 l5899 ls228">are </span><span class="pp-class-166 pa t3330 l13567">divided </span><span class="pp-class-166 pa t3330 l41528 ls1122">into </span><span class="pp-class-166 pa t3330 l41529 ls267">four </span><span class="pp-class-166 pa t3330 l41530">financing </span><span class="pp-class-166 pa t3330 l41531 ls4462">categories: </span><span class="pp-class-166 pa t3338 l3 ls2061">overdraft </span><span class="pp-class-166 pa t3338 l41532">and </span><span class="pp-class-166 pa t3338 l41533 ls564">credit </span><span class="pp-class-166 pa t3338 l1490 ls154">facilities, </span><span class="pp-class-166 pa t3338 l34683 ls239">issued </span><span class="pp-class-166 pa t3338 l41534">bonds, </span><span class="pp-class-166 pa t3338 l41535 ls101">lease </span><span class="pp-class-166 pa t3338 l19925">liabilities, </span><span class="pp-class-166 pa t3338 l41536">and </span><span class="pp-class-166 pa t3338 l21521 ls75">other </span><span class="pp-class-166 pa t3338 l41537 ls19737">non-</span><span class="pp-class-166 pa t3348 l3 ls702">current </span><span class="pp-class-166 pa t3348 l30365">financial </span><span class="pp-class-166 pa t3348 l2691">liabilities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t3373 l39979">and </span><span class="pp-class-166 pa t3373 l41538 ls564">credit </span><span class="pp-class-166 pa t3373 l41539 ls187">facilities </span><span class="pp-class-166 pa t3373 l41540 ls228">are </span><span class="pp-class-166 pa t3373 l41541">initially </span><span class="pp-class-166 pa t3373 l34156 ls564">recognised </span><span class="pp-class-166 pa t3373 l32959">at </span><span class="pp-class-166 pa t3373 l41542 ls2307">fair </span><span class="pp-class-166 pa t3373 l41543 ls101">value </span><span class="pp-class-166 pa t3373 l6219 ls234">net </span><span class="pp-class-166 pa t3373 l41544">of </span><span class="pp-class-166 pa t3373 l41545 ls1129">trans-</span><span class="pp-class-166 pa t3682 l3 ls1636">action </span><span class="pp-class-166 pa t3682 l41546 ls86">expenses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3387 l21599 ls2061">overdraft </span><span class="pp-class-166 pa t3387 l6214">and </span><span class="pp-class-166 pa t3387 l28910 ls564">credit </span><span class="pp-class-166 pa t3387 l33473 ls187">facilities </span><span class="pp-class-166 pa t3387 l41535 ls228">are </span><span class="pp-class-166 pa t3387 l41547 ls1528">measured </span><span class="pp-class-166 pa t3387 l41548">at </span><span class="pp-class-166 pa t3387 l41549 ls2179">amortised </span><span class="pp-class-166 pa t3387 l5710 ls3966">cost, </span><span class="pp-class-166 pa t3395 l3 ls5508">corresponding </span><span class="pp-class-166 pa t3395 l14462 ls135">to </span><span class="pp-class-166 pa t3395 l14463">the </span><span class="pp-class-166 pa t3395 l13613 ls1761">capitalised </span><span class="pp-class-166 pa t3395 l41550 ls101">value </span><span class="pp-class-166 pa t3395 l41551">using </span><span class="pp-class-166 pa t3395 l27936">the </span><span class="pp-class-166 pa t3395 l41552 ls1900">effective </span><span class="pp-class-166 pa t3395 l19481 ls135">interest </span><span class="pp-class-166 pa t3395 l5005 ls461">method, </span><span class="pp-class-166 pa t3395 l41553">so </span><span class="pp-class-166 pa t3406 l3">that </span><span class="pp-class-166 pa t3406 l3494">the </span><span class="pp-class-166 pa t3406 l41554 ls4013">difference </span><span class="pp-class-166 pa t3406 l41555 ls946">between </span><span class="pp-class-166 pa t3406 l36354">the </span><span class="pp-class-166 pa t3406 l41556 ls265">proceeds </span><span class="pp-class-166 pa t3406 l41557">and </span><span class="pp-class-166 pa t3406 l38547">the </span><span class="pp-class-166 pa t3406 l41558">nominal </span><span class="pp-class-166 pa t3406 l41559 ls101">value </span><span class="pp-class-166 pa t3406 l39167">is </span><span class="pp-class-166 pa t3406 l5952 ls564">recognised </span><span class="pp-class-166 pa t3722 l3">in </span><span class="pp-class-166 pa t3722 l1746">the </span><span class="pp-class-166 pa t3722 l1747 ls1122">statement </span><span class="pp-class-166 pa t3722 l41560">of </span><span class="pp-class-166 pa t3722 l41561 ls564">profit </span><span class="pp-class-166 pa t3722 l26273">or </span><span class="pp-class-166 pa t3722 l12494 ls48">loss </span><span class="pp-class-166 pa t3722 l41562 ls48">over </span><span class="pp-class-166 pa t3722 l41563">the </span><span class="pp-class-166 pa t3722 l18101 ls1122">term </span><span class="pp-class-166 pa t3722 l41564">of </span><span class="pp-class-166 pa t3722 l41565">the </span><span class="pp-class-166 pa t3722 l5462">loan. </span><span class="pp-class-166 pa t3722 l41566 ls75">Lease </span><span class="pp-class-166 pa t3722 l41567">liabilities </span><span class="pp-class-166 pa t3722 l27758 ls228">are </span><span class="pp-class-166 pa t3728 l3">described </span><span class="pp-class-166 pa t3728 l32931">in </span><span class="pp-class-166 pa t3728 l28708 ls2103">further </span><span class="pp-class-166 pa t3728 l41568 ls189">detail </span><span class="pp-class-166 pa t3728 l41569">in </span><span class="pp-class-171 pa t3728 l41570 ls73">note </span><span class="pp-class-171 pa t3728 l5460">3.6</span><span class="pp-class-166 pa t3728 l31376">.</span></p></div></div><div class="pp-class-4" id="pp-id-4445" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41571 pa t2 l3 wtro4 xx23275 tro6 xx23276"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41572 l3">Other </span><span class="pp-class-166 pa t41572 l4385">liabilities </span><span class="pp-class-166 pa t41572 l41573 ls228">are </span><span class="pp-class-166 pa t41572 l34201 ls1528">measured </span><span class="pp-class-166 pa t41572 l28378">at </span><span class="pp-class-166 pa t41572 l25923 ls2179">amortised </span><span class="pp-class-166 pa t41572 l41574 ls3966">cost, </span><span class="pp-class-166 pa t41572 l28711">which </span><span class="pp-class-166 pa t41572 l39821">does </span><span class="pp-class-166 pa t41572 l41575 ls1528">not </span><span class="pp-class-166 pa t41572 l41576 ls189">differ </span><span class="pp-class-166 pa t41572 l41577">signifi-</span><span class="pp-class-166 pa t41578 l3 ls93">cantly </span><span class="pp-class-166 pa t41578 l12963 ls267">from </span><span class="pp-class-166 pa t41578 l30712">the </span><span class="pp-class-166 pa t41578 l41579 ls234">net </span><span class="pp-class-166 pa t41578 l41580 ls2476">realisable </span><span class="pp-class-166 pa t41578 l712 ls101">value.</span></p></div></div><div class="pp-class-4" id="pp-id-4467" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42525 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3 ls158">Derivative </span><span class="pp-class-166 pa t41653 l42526">financial </span><span class="pp-class-166 pa t41653 l14107 ls239">instruments </span><span class="pp-class-166 pa t41653 l42527 ls228">are </span><span class="pp-class-166 pa t41653 l42528 ls564">recognised </span><span class="pp-class-166 pa t41653 l42529">on </span><span class="pp-class-166 pa t41653 l20894">the </span><span class="pp-class-166 pa t41653 l42530 ls1129">trade </span><span class="pp-class-166 pa t41653 l11065 ls1122">date </span><span class="pp-class-166 pa t41653 l42531">and </span><span class="pp-class-166 pa t41653 l40704 ls228">are </span><span class="pp-class-166 pa t41661 l3 ls1528">measured </span><span class="pp-class-166 pa t41661 l22264">at </span><span class="pp-class-166 pa t41661 l5870 ls2307">fair </span><span class="pp-class-166 pa t41661 l12778 ls239">value. </span><span class="pp-class-166 pa t41661 l8784 ls1528">Positive </span><span class="pp-class-166 pa t41661 l42532">and </span><span class="pp-class-166 pa t41661 l5910 ls394">negative </span><span class="pp-class-166 pa t41661 l40718 ls2307">fair </span><span class="pp-class-166 pa t41661 l36924 ls239">values </span><span class="pp-class-166 pa t41661 l42533 ls228">are </span><span class="pp-class-166 pa t41661 l23716">included </span><span class="pp-class-166 pa t41661 l12476">in </span><span class="pp-class-166 pa t41661 l42534 ls75">other </span><span class="pp-class-166 pa t41669 l3 ls702">current </span><span class="pp-class-166 pa t41669 l30365 ls2168">receivables </span><span class="pp-class-166 pa t41669 l42535">or </span><span class="pp-class-166 pa t41669 l21777 ls75">other </span><span class="pp-class-166 pa t41669 l37562 ls702">current </span><span class="pp-class-166 pa t41669 l37333 ls394">payables </span><span class="pp-class-166 pa t41669 l42536">in </span><span class="pp-class-166 pa t41669 l5479">the </span><span class="pp-class-166 pa t41669 l20069 ls1122">statement </span><span class="pp-class-166 pa t41669 l42537">of </span><span class="pp-class-166 pa t41669 l42538">financial </span><span class="pp-class-166 pa t41677 l3">position. </span><span class="pp-class-166 pa t41677 l25786 ls1528">Positive </span><span class="pp-class-166 pa t41677 l15544">and </span><span class="pp-class-166 pa t41677 l12562 ls394">negative </span><span class="pp-class-166 pa t41677 l39618 ls2307">fair </span><span class="pp-class-166 pa t41677 l9749 ls239">values </span><span class="pp-class-166 pa t41677 l27640 ls228">are </span><span class="pp-class-166 pa t41677 l3019">only </span><span class="pp-class-166 pa t41677 l38553 ls377">offset </span><span class="pp-class-166 pa t41677 l42539">if </span><span class="pp-class-166 pa t41677 l42540">the </span><span class="pp-class-166 pa t41677 l42541 ls497">Group </span><span class="pp-class-166 pa t41677 l42542">has </span><span class="pp-class-166 pa t41677 l42543">a </span><span class="pp-class-166 pa t42544 l3">right </span><span class="pp-class-166 pa t42544 l25758">and </span><span class="pp-class-166 pa t42544 l25746">an </span><span class="pp-class-166 pa t42544 l42545 ls1428">intention </span><span class="pp-class-166 pa t42544 l42546 ls135">to </span><span class="pp-class-166 pa t42544 l42547 ls93">settle </span><span class="pp-class-166 pa t42544 l41762 ls946">several </span><span class="pp-class-166 pa t42544 l42548">financial </span><span class="pp-class-166 pa t42544 l42549 ls239">instruments </span><span class="pp-class-166 pa t42544 l42550 ls234">net </span><span class="pp-class-166 pa t42544 l39861">(by </span><span class="pp-class-166 pa t42544 l42551 ls101">means </span><span class="pp-class-166 pa t41680 l3">of </span><span class="pp-class-166 pa t41680 l2457 ls1026">settlement </span><span class="pp-class-166 pa t41680 l37906">of </span><span class="pp-class-166 pa t41680 l5238 ls2307">differences). </span><span class="pp-class-166 pa t41680 l26936 ls3342">Fair </span><span class="pp-class-166 pa t41680 l9482 ls101">value </span><span class="pp-class-166 pa t41680 l42552">is </span><span class="pp-class-166 pa t41680 l42553 ls2022">determined </span><span class="pp-class-166 pa t41680 l42554">based </span><span class="pp-class-166 pa t41680 l42555">on </span><span class="pp-class-166 pa t41680 l15044 ls1217">generally </span><span class="pp-class-166 pa t41687 l3 ls135">accepted </span><span class="pp-class-166 pa t41687 l28658 ls394">valuation </span><span class="pp-class-166 pa t41687 l6234 ls461">methods </span><span class="pp-class-166 pa t41687 l42556">using </span><span class="pp-class-166 pa t41687 l42557 ls394">available </span><span class="pp-class-166 pa t41687 l9791 ls2390">observable </span><span class="pp-class-166 pa t41687 l14667 ls495">market </span><span class="pp-class-166 pa t41687 l42558 ls853">data.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3">When </span><span class="pp-class-166 pa t42559 l4926 ls234">entering </span><span class="pp-class-166 pa t42559 l42560 ls1122">into </span><span class="pp-class-166 pa t42559 l26539 ls1849">contracts </span><span class="pp-class-166 pa t42559 l42561 ls228">for </span><span class="pp-class-166 pa t42559 l42562">financial </span><span class="pp-class-166 pa t42559 l42563 ls455">instruments, </span><span class="pp-class-166 pa t42559 l42564">an </span><span class="pp-class-166 pa t42559 l42565 ls158">assessment </span><span class="pp-class-166 pa t42559 l11267">is </span><span class="pp-class-166 pa t42559 l42566">made </span><span class="pp-class-166 pa t41696 l3">of </span><span class="pp-class-166 pa t41696 l2457 ls461">whether </span><span class="pp-class-166 pa t41696 l33806">the </span><span class="pp-class-166 pa t41696 l42567 ls239">instrument </span><span class="pp-class-166 pa t41696 l42568">qualifies </span><span class="pp-class-166 pa t41696 l42569 ls228">for </span><span class="pp-class-166 pa t41696 l29296">hedge </span><span class="pp-class-166 pa t41696 l42570 ls149">accounting, </span><span class="pp-class-166 pa t41696 l28347">including </span><span class="pp-class-166 pa t41696 l42571 ls461">whether </span><span class="pp-class-166 pa t41704 l3">the </span><span class="pp-class-166 pa t41704 l1913 ls239">instrument </span><span class="pp-class-166 pa t41704 l42572">hedges </span><span class="pp-class-166 pa t41704 l12043 ls564">recognised </span><span class="pp-class-166 pa t41704 l42573 ls4053">assets </span><span class="pp-class-166 pa t41704 l42574">and </span><span class="pp-class-166 pa t41704 l42575">liabilities </span><span class="pp-class-166 pa t41704 l42576">or </span><span class="pp-class-166 pa t41704 l24085 ls234">net </span><span class="pp-class-166 pa t41704 l42577 ls226">investments </span><span class="pp-class-166 pa t41711 l3">in </span><span class="pp-class-166 pa t41711 l1746 ls228">foreign </span><span class="pp-class-166 pa t41711 l32063">entities. </span><span class="pp-class-166 pa t41711 l28309">The </span><span class="pp-class-166 pa t41711 l38121 ls455">effectiveness </span><span class="pp-class-166 pa t41711 l34587">of </span><span class="pp-class-166 pa t41711 l12742 ls564">recognised </span><span class="pp-class-166 pa t41711 l30568">financial </span><span class="pp-class-166 pa t41711 l42578 ls239">instruments </span><span class="pp-class-166 pa t41711 l42579">is </span><span class="pp-class-166 pa t41717 l3 ls226">assessed </span><span class="pp-class-166 pa t41717 l4046">on </span><span class="pp-class-166 pa t41717 l9088">a </span><span class="pp-class-166 pa t41717 l23484">monthly </span><span class="pp-class-166 pa t41717 l42580">basis, </span><span class="pp-class-166 pa t41717 l2205">and </span><span class="pp-class-166 pa t41717 l42581">any </span><span class="pp-class-166 pa t41717 l42582 ls7127">ineffectiveness </span><span class="pp-class-166 pa t41717 l42583">is </span><span class="pp-class-166 pa t41717 l42584 ls564">recognised </span><span class="pp-class-166 pa t41717 l42585">in </span><span class="pp-class-166 pa t41717 l42586">the </span><span class="pp-class-166 pa t42587 l3 ls1122">statement </span><span class="pp-class-166 pa t42587 l21945">of </span><span class="pp-class-166 pa t42587 l793 ls564">profit </span><span class="pp-class-166 pa t42587 l42588">or </span><span class="pp-class-166 pa t42587 l42589 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41727 l3 ls3342">Fair </span><span class="pp-class-166 pa t41727 l34964 ls101">value </span><span class="pp-class-166 pa t41727 l34965">changes </span><span class="pp-class-166 pa t41727 l22789 ls205">classified </span><span class="pp-class-166 pa t41727 l42590">as </span><span class="pp-class-166 pa t41727 l32212">and </span><span class="pp-class-166 pa t41727 l42591">fulfilling </span><span class="pp-class-166 pa t41727 l42592">the </span><span class="pp-class-166 pa t41727 l11958 ls234">criteria </span><span class="pp-class-166 pa t41727 l42593 ls228">for </span><span class="pp-class-166 pa t41727 l42594 ls5508">recognition </span><span class="pp-class-166 pa t41727 l42595">as </span><span class="pp-class-166 pa t41727 l42596">a </span><span class="pp-class-166 pa t41734 l3 ls2307">fair </span><span class="pp-class-166 pa t41734 l36332 ls101">value </span><span class="pp-class-166 pa t41734 l9438">hedge </span><span class="pp-class-166 pa t41734 l42597 ls228">are </span><span class="pp-class-166 pa t41734 l22402 ls564">recognised </span><span class="pp-class-166 pa t41734 l20073">in </span><span class="pp-class-166 pa t41734 l31346">the </span><span class="pp-class-166 pa t41734 l42598 ls1122">statement </span><span class="pp-class-166 pa t41734 l42599">of </span><span class="pp-class-166 pa t41734 l32560 ls564">profit </span><span class="pp-class-166 pa t41734 l42600">or </span><span class="pp-class-166 pa t41734 l10785 ls48">loss </span><span class="pp-class-166 pa t41734 l42601 ls59">together </span><span class="pp-class-166 pa t41743 l3">with </span><span class="pp-class-166 pa t41743 l3388">changes </span><span class="pp-class-166 pa t41743 l23384">in </span><span class="pp-class-166 pa t41743 l4972">the </span><span class="pp-class-166 pa t41743 l42602 ls101">value </span><span class="pp-class-166 pa t41743 l42603">of </span><span class="pp-class-166 pa t41743 l22078">the </span><span class="pp-class-166 pa t41743 l41144">specific </span><span class="pp-class-166 pa t41743 l42604 ls2103">portion </span><span class="pp-class-166 pa t41743 l42605">of </span><span class="pp-class-166 pa t41743 l42606">the </span><span class="pp-class-166 pa t41743 l42607 ls1428">asset </span><span class="pp-class-166 pa t41743 l42608">or </span><span class="pp-class-166 pa t41743 l19035 ls1732">liability </span><span class="pp-class-166 pa t42609 l3">that </span><span class="pp-class-166 pa t42609 l3494">has </span><span class="pp-class-166 pa t42609 l27519">been </span><span class="pp-class-166 pa t42609 l34533">hedged.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3 ls3342">Fair </span><span class="pp-class-166 pa t41746 l34964 ls101">value </span><span class="pp-class-166 pa t41746 l34965">changes </span><span class="pp-class-166 pa t41746 l22789">in </span><span class="pp-class-166 pa t41746 l6026">the </span><span class="pp-class-166 pa t41746 l18880 ls2390">part </span><span class="pp-class-166 pa t41746 l28295">of </span><span class="pp-class-166 pa t41746 l42610">the </span><span class="pp-class-166 pa t41746 l42611 ls158">derivative </span><span class="pp-class-166 pa t41746 l42612">which </span><span class="pp-class-166 pa t41746 l42613">is </span><span class="pp-class-166 pa t41746 l42614 ls205">classified </span><span class="pp-class-166 pa t41746 l42615">as </span><span class="pp-class-166 pa t41746 l42616">and </span><span class="pp-class-166 pa t41750 l3">qualifies </span><span class="pp-class-166 pa t41750 l40772 ls228">for </span><span class="pp-class-166 pa t41750 l39232 ls5508">recognition </span><span class="pp-class-166 pa t41750 l26183">as </span><span class="pp-class-166 pa t41750 l42617">a </span><span class="pp-class-166 pa t41750 l31752 ls564">future </span><span class="pp-class-166 pa t41750 l37002 ls923">cash </span><span class="pp-class-166 pa t41750 l26242">flow </span><span class="pp-class-166 pa t41750 l42618">hedge </span><span class="pp-class-166 pa t41750 l42619">and </span><span class="pp-class-166 pa t41750 l30664">which </span><span class="pp-class-166 pa t41750 l42620 ls1900">effectively </span><span class="pp-class-166 pa t41757 l3">hedges </span><span class="pp-class-166 pa t41757 l28057 ls48">against </span><span class="pp-class-166 pa t41757 l15207">changes </span><span class="pp-class-166 pa t41757 l42621">in </span><span class="pp-class-166 pa t41757 l26481">the </span><span class="pp-class-166 pa t41757 l42622 ls101">value </span><span class="pp-class-166 pa t41757 l42623">of </span><span class="pp-class-166 pa t41757 l42624">the </span><span class="pp-class-166 pa t41757 l42625">hedged </span><span class="pp-class-166 pa t41757 l42626 ls1122">item </span><span class="pp-class-166 pa t41757 l36097 ls228">are </span><span class="pp-class-166 pa t41757 l42627 ls564">recognised </span><span class="pp-class-166 pa t41757 l42628">in </span><span class="pp-class-166 pa t42629 l3 ls75">other </span><span class="pp-class-166 pa t42629 l1276 ls495">comprehensive </span><span class="pp-class-166 pa t42629 l29336 ls740">income </span><span class="pp-class-166 pa t42629 l21471">as </span><span class="pp-class-166 pa t42629 l42630">a </span><span class="pp-class-166 pa t42629 l42631 ls3962">separate </span><span class="pp-class-166 pa t42629 l42632">hedging </span><span class="pp-class-166 pa t42629 l42633 ls205">reserve.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41759 l3">When </span><span class="pp-class-166 pa t41759 l4926">the </span><span class="pp-class-166 pa t41759 l14198">underlying </span><span class="pp-class-166 pa t41759 l42634">hedged </span><span class="pp-class-166 pa t41759 l42635 ls1122">item </span><span class="pp-class-166 pa t41759 l19562">is </span><span class="pp-class-166 pa t41759 l42636 ls107">realised, </span><span class="pp-class-166 pa t41759 l7614">any </span><span class="pp-class-166 pa t41759 l25743">gain </span><span class="pp-class-166 pa t41759 l42637">or </span><span class="pp-class-166 pa t41759 l39191 ls48">loss </span><span class="pp-class-166 pa t41759 l31429">on </span><span class="pp-class-166 pa t41759 l42638">the </span><span class="pp-class-166 pa t41759 l30617">hedging </span><span class="pp-class-166 pa t41767 l3 ls750">transaction </span><span class="pp-class-166 pa t41767 l3649">is </span><span class="pp-class-166 pa t41767 l3650 ls228">transferred </span><span class="pp-class-166 pa t41767 l1529 ls267">from </span><span class="pp-class-166 pa t41767 l42639 ls1701">equity </span><span class="pp-class-166 pa t41767 l7113">and </span><span class="pp-class-166 pa t41767 l7168 ls564">recognised </span><span class="pp-class-166 pa t41767 l11004 ls59">together </span><span class="pp-class-166 pa t41767 l42640">with </span><span class="pp-class-166 pa t41767 l42641">the </span><span class="pp-class-166 pa t41777 l3">hedged </span><span class="pp-class-166 pa t41777 l42642 ls189">item. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42643 l3 ls3342">Fair </span><span class="pp-class-166 pa t42643 l34964 ls101">value </span><span class="pp-class-166 pa t42643 l34965">changes </span><span class="pp-class-166 pa t42643 l22789">that </span><span class="pp-class-166 pa t42643 l9510">do </span><span class="pp-class-166 pa t42643 l42644 ls1528">not </span><span class="pp-class-166 pa t42643 l42645 ls923">meet </span><span class="pp-class-166 pa t42643 l20987">the </span><span class="pp-class-166 pa t42643 l9889 ls234">criteria </span><span class="pp-class-166 pa t42643 l36812 ls228">for </span><span class="pp-class-166 pa t42643 l27152 ls107">treatment </span><span class="pp-class-166 pa t42643 l42646">as </span><span class="pp-class-166 pa t42643 l42647">hedging </span><span class="pp-class-166 pa t41794 l3 ls239">instruments </span><span class="pp-class-166 pa t41794 l42648 ls228">are </span><span class="pp-class-166 pa t41794 l25124 ls564">recognised </span><span class="pp-class-166 pa t41794 l32602">on </span><span class="pp-class-166 pa t41794 l11486">an </span><span class="pp-class-166 pa t41794 l39546">ongoing </span><span class="pp-class-166 pa t41794 l42649">basis </span><span class="pp-class-166 pa t41794 l42650">in </span><span class="pp-class-166 pa t41794 l1908">the </span><span class="pp-class-166 pa t41794 l14781 ls1122">statement </span><span class="pp-class-166 pa t41794 l42651">of </span><span class="pp-class-166 pa t41794 l6728 ls564">profit </span><span class="pp-class-166 pa t41799 l3">or </span><span class="pp-class-166 pa t41799 l21054 ls48">loss </span><span class="pp-class-166 pa t41799 l36677">under </span><span class="pp-class-166 pa t41799 l28490">financial </span><span class="pp-class-166 pa t41799 l22275 ls189">items.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42917 l3 ls5287">Accounting </span><span class="pp-class-170 pa t42917 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42918 l3 ls34869">Tax </span><span class="pp-class-166 pa t42918 l34870 ls228">for </span><span class="pp-class-166 pa t42918 l42919">the </span><span class="pp-class-166 pa t42918 l34585 ls48">year </span><span class="pp-class-166 pa t42918 l8931 ls1428">comprises </span><span class="pp-class-166 pa t42918 l34705 ls702">current </span><span class="pp-class-166 pa t42918 l42920">and </span><span class="pp-class-166 pa t42918 l34467 ls228">deferred </span><span class="pp-class-166 pa t42918 l42921 ls946">tax </span><span class="pp-class-166 pa t42918 l42922">on </span><span class="pp-class-166 pa t42918 l42923 ls564">profit </span><span class="pp-class-166 pa t42918 l18953">or </span><span class="pp-class-166 pa t42918 l42924 ls48">loss </span><span class="pp-class-166 pa t42918 l42925 ls228">for </span><span class="pp-class-166 pa t42918 l7809">the </span><span class="pp-class-166 pa t42926 l3 ls48">year </span><span class="pp-class-166 pa t42926 l14491">including </span><span class="pp-class-166 pa t42926 l42927">global </span><span class="pp-class-166 pa t42926 l42928">minimum </span><span class="pp-class-166 pa t42926 l20743 ls740">top-up </span><span class="pp-class-166 pa t42926 l42929 ls1740">taxes, </span><span class="pp-class-166 pa t42926 l42930">penalties </span><span class="pp-class-166 pa t42926 l42931 ls1766">related </span><span class="pp-class-166 pa t42926 l25831 ls135">to </span><span class="pp-class-166 pa t42926 l42932">pending </span><span class="pp-class-166 pa t42926 l42933 ls946">tax </span><span class="pp-class-166 pa t42934 l3 ls234">disputes </span><span class="pp-class-166 pa t42934 l34689">and </span><span class="pp-class-166 pa t42934 l42935 ls239">adjustments </span><span class="pp-class-166 pa t42934 l42936 ls135">to </span><span class="pp-class-166 pa t42934 l42937 ls66">previous </span><span class="pp-class-166 pa t42934 l42938 ls239">years, </span><span class="pp-class-166 pa t42934 l42939">including </span><span class="pp-class-166 pa t42934 l42940 ls239">adjustments </span><span class="pp-class-166 pa t42934 l39494">due </span><span class="pp-class-166 pa t42934 l7036 ls135">to </span><span class="pp-class-166 pa t42934 l42941 ls946">tax </span><span class="pp-class-166 pa t42942 l3">rulings. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41653 l3">In </span><span class="pp-class-166 pa t41653 l1589 ls1575">cases </span><span class="pp-class-166 pa t41653 l43130 ls497">where </span><span class="pp-class-166 pa t41653 l43131">it </span><span class="pp-class-166 pa t41653 l43132">is </span><span class="pp-class-166 pa t41653 l39469 ls394">possible </span><span class="pp-class-166 pa t41653 l25750 ls135">to </span><span class="pp-class-166 pa t41653 l30117 ls853">calculate </span><span class="pp-class-166 pa t41653 l43133">the </span><span class="pp-class-166 pa t41653 l43134 ls946">tax </span><span class="pp-class-166 pa t41653 l20728 ls101">value </span><span class="pp-class-166 pa t41653 l43135 ls1866">according </span><span class="pp-class-166 pa t41653 l43136 ls135">to </span><span class="pp-class-166 pa t41653 l38708 ls497">different </span><span class="pp-class-166 pa t41661 l3 ls1217">taxation </span><span class="pp-class-166 pa t41661 l31712">rules, </span><span class="pp-class-166 pa t41661 l43137 ls228">deferred </span><span class="pp-class-166 pa t41661 l43138 ls946">tax </span><span class="pp-class-166 pa t41661 l43139">is </span><span class="pp-class-166 pa t41661 l26961 ls1528">measured </span><span class="pp-class-166 pa t41661 l40760">on </span><span class="pp-class-166 pa t41661 l43140">the </span><span class="pp-class-166 pa t41661 l21463">basis </span><span class="pp-class-166 pa t41661 l19365">of </span><span class="pp-class-166 pa t41661 l43141">the </span><span class="pp-class-166 pa t41661 l18417">planned </span><span class="pp-class-166 pa t41661 l43142">use </span><span class="pp-class-166 pa t41661 l4428">of </span><span class="pp-class-166 pa t41661 l43143">the </span><span class="pp-class-166 pa t41669 l3 ls1428">asset </span><span class="pp-class-166 pa t41669 l37762">or </span><span class="pp-class-166 pa t41669 l43144">the </span><span class="pp-class-166 pa t41669 l34543 ls1026">settlement </span><span class="pp-class-166 pa t41669 l43145">of </span><span class="pp-class-166 pa t41669 l43146">the </span><span class="pp-class-166 pa t41669 l4440 ls93">liability.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42544 l3 ls13149">Deferred </span><span class="pp-class-166 pa t42544 l1920 ls2672">tax </span><span class="pp-class-166 pa t42544 l43147 ls1866">is </span><span class="pp-class-166 pa t42544 l32380 ls191">adjusted </span><span class="pp-class-166 pa t42544 l43148 ls2289">for </span><span class="pp-class-166 pa t42544 l43149 ls2786">elimination </span><span class="pp-class-166 pa t42544 l43150 ls1866">of </span><span class="pp-class-166 pa t42544 l20679 ls1663">unrealised </span><span class="pp-class-166 pa t42544 l43151 ls1824">intra-group </span><span class="pp-class-166 pa t42544 l43152 ls2688">gains </span><span class="pp-class-166 pa t42544 l25363 ls1853">and </span><span class="pp-class-166 pa t42544 l43153 ls3181">losses. </span><span class="pp-class-166 pa t41680 l3 ls228">Deferred </span><span class="pp-class-166 pa t41680 l13539 ls946">tax </span><span class="pp-class-166 pa t41680 l35167">is </span><span class="pp-class-166 pa t41680 l43154 ls1528">measured </span><span class="pp-class-166 pa t41680 l43155">on </span><span class="pp-class-166 pa t41680 l43156">the </span><span class="pp-class-166 pa t41680 l43157">basis </span><span class="pp-class-166 pa t41680 l19907">of </span><span class="pp-class-166 pa t41680 l19908">the </span><span class="pp-class-166 pa t41680 l19909 ls946">tax </span><span class="pp-class-166 pa t41680 l21035">rules </span><span class="pp-class-166 pa t41680 l43158">and </span><span class="pp-class-166 pa t41680 l34364 ls946">tax </span><span class="pp-class-166 pa t41680 l43159 ls54">rates </span><span class="pp-class-166 pa t41680 l43160">of </span><span class="pp-class-166 pa t41680 l43161">the </span><span class="pp-class-166 pa t41680 l43162 ls267">rele-</span><span class="pp-class-166 pa t41687 l3 ls48">vant </span><span class="pp-class-166 pa t41687 l43163 ls1428">countries </span><span class="pp-class-166 pa t41687 l43164">that </span><span class="pp-class-166 pa t41687 l43165">will </span><span class="pp-class-166 pa t41687 l43166">be </span><span class="pp-class-166 pa t41687 l11170 ls1900">effective </span><span class="pp-class-166 pa t41687 l43167">under </span><span class="pp-class-166 pa t41687 l43168 ls702">current </span><span class="pp-class-166 pa t41687 l10607">legislation </span><span class="pp-class-166 pa t41687 l19482">at </span><span class="pp-class-166 pa t41687 l43169">the </span><span class="pp-class-166 pa t41687 l43170 ls1428">reporting </span><span class="pp-class-166 pa t41695 l3 ls1122">date </span><span class="pp-class-166 pa t41695 l36613">on </span><span class="pp-class-166 pa t41695 l43171">which </span><span class="pp-class-166 pa t41695 l26556">the </span><span class="pp-class-166 pa t41695 l1604 ls228">deferred </span><span class="pp-class-166 pa t41695 l43172 ls946">tax </span><span class="pp-class-166 pa t41695 l43173">is </span><span class="pp-class-166 pa t41695 l17560 ls70">expected </span><span class="pp-class-166 pa t41695 l30959 ls135">to </span><span class="pp-class-166 pa t41695 l43174 ls86">materialise </span><span class="pp-class-166 pa t41695 l43175">as </span><span class="pp-class-166 pa t41695 l43176 ls702">current </span><span class="pp-class-166 pa t41695 l43177 ls3094">tax. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42917 l3 ls5287">Accounting </span><span class="pp-class-170 pa t42917 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42918 l3">When </span><span class="pp-class-166 pa t42918 l4926 ls946">accounting </span><span class="pp-class-166 pa t42918 l9925 ls228">for </span><span class="pp-class-166 pa t42918 l3098 ls394">business </span><span class="pp-class-166 pa t42918 l43417 ls1575">combinations, </span><span class="pp-class-166 pa t42918 l43418">the </span><span class="pp-class-166 pa t42918 l43419 ls86">acquisition </span><span class="pp-class-166 pa t42918 l28273 ls93">method </span><span class="pp-class-166 pa t42918 l43420">is </span><span class="pp-class-166 pa t42918 l43421">applied </span><span class="pp-class-166 pa t42926 l3">in </span><span class="pp-class-166 pa t42926 l1746 ls228">accordance </span><span class="pp-class-166 pa t42926 l15397">with </span><span class="pp-class-166 pa t42926 l8691">IFRS </span><span class="pp-class-166 pa t42926 l707">3.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42942 l3 ls702">Acquirees </span><span class="pp-class-166 pa t42942 l43422 ls228">are </span><span class="pp-class-166 pa t42942 l43423 ls564">recognised </span><span class="pp-class-166 pa t42942 l4183">in </span><span class="pp-class-166 pa t42942 l15162">the </span><span class="pp-class-166 pa t42942 l36668 ls1119">consolidated </span><span class="pp-class-166 pa t42942 l43424">financial </span><span class="pp-class-166 pa t42942 l43425 ls946">statements </span><span class="pp-class-166 pa t42942 l33705 ls267">from </span><span class="pp-class-166 pa t42942 l43426">the </span><span class="pp-class-166 pa t42942 l43427 ls1122">date </span><span class="pp-class-166 pa t43428 l3">of </span><span class="pp-class-166 pa t43428 l2457 ls428">acquisition. </span><span class="pp-class-166 pa t43428 l43429">The </span><span class="pp-class-166 pa t43428 l43430 ls1122">date </span><span class="pp-class-166 pa t43428 l10368">of </span><span class="pp-class-166 pa t43428 l43431 ls86">acquisition </span><span class="pp-class-166 pa t43428 l43432">is </span><span class="pp-class-166 pa t43428 l43433">the </span><span class="pp-class-166 pa t43428 l43434 ls1122">date </span><span class="pp-class-166 pa t43428 l43435">on </span><span class="pp-class-166 pa t43428 l43436">which </span><span class="pp-class-166 pa t43428 l43437">DSV </span><span class="pp-class-166 pa t43428 l43438 ls853">obtains </span><span class="pp-class-166 pa t43428 l43439 ls1766">control </span><span class="pp-class-166 pa t43440 l3">of </span><span class="pp-class-166 pa t43440 l43441 ls166">the </span><span class="pp-class-166 pa t43440 l43442 ls1502">company. </span><span class="pp-class-166 pa t43440 l43443">Entities </span><span class="pp-class-166 pa t43440 l43444">disposed </span><span class="pp-class-166 pa t43440 l43445">of </span><span class="pp-class-166 pa t43440 l43446 ls228">are </span><span class="pp-class-166 pa t43440 l43447 ls564">recognised </span><span class="pp-class-166 pa t43440 l43448">in </span><span class="pp-class-166 pa t43440 l43449">the </span><span class="pp-class-166 pa t43440 l43450 ls1119">consolidated </span><span class="pp-class-166 pa t43440 l43451 ls166">financial </span><span class="pp-class-166 pa t43452 l3 ls946">statements </span><span class="pp-class-166 pa t43452 l9047">until </span><span class="pp-class-166 pa t43452 l3162">the </span><span class="pp-class-166 pa t43452 l42416 ls1122">date </span><span class="pp-class-166 pa t43452 l5368">of </span><span class="pp-class-166 pa t43452 l43453">disposal. </span><span class="pp-class-166 pa t43452 l23123">The </span><span class="pp-class-166 pa t43452 l5762 ls1122">date </span><span class="pp-class-166 pa t43452 l27897">of </span><span class="pp-class-166 pa t43452 l5254">disposal </span><span class="pp-class-166 pa t43452 l43454">is </span><span class="pp-class-166 pa t43452 l43455">the </span><span class="pp-class-166 pa t43452 l21275 ls1122">date </span><span class="pp-class-166 pa t43452 l43456">on </span><span class="pp-class-166 pa t43452 l43457">which </span><span class="pp-class-166 pa t43458 l3">DSV </span><span class="pp-class-166 pa t43458 l202 ls147">surrenders </span><span class="pp-class-166 pa t43458 l33547 ls1766">control </span><span class="pp-class-166 pa t43458 l43459">of </span><span class="pp-class-166 pa t43458 l43460">the </span><span class="pp-class-166 pa t43458 l43461 ls1416">company.</span></p><div class="pp-class-4" id="pp-id-4499" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44013 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV's </span><span class="pp-class-166 pa t41653 l20293 ls497">share </span><span class="pp-class-166 pa t41653 l30085">option </span><span class="pp-class-166 pa t41653 l44014">schemes </span><span class="pp-class-166 pa t41653 l44015 ls228">are </span><span class="pp-class-166 pa t41653 l26094 ls1595">equity-settled, </span><span class="pp-class-166 pa t41653 l44016 ls1528">measured </span><span class="pp-class-166 pa t41653 l44017">at </span><span class="pp-class-166 pa t41653 l30491">the </span><span class="pp-class-166 pa t41653 l44018 ls1129">grant </span><span class="pp-class-166 pa t41653 l30261 ls1122">date </span><span class="pp-class-166 pa t41661 l3">and </span><span class="pp-class-166 pa t41661 l1192 ls564">recognised </span><span class="pp-class-166 pa t41661 l41966">in </span><span class="pp-class-166 pa t41661 l43261">the </span><span class="pp-class-166 pa t41661 l44019 ls1122">statement </span><span class="pp-class-166 pa t41661 l44020">of </span><span class="pp-class-166 pa t41661 l28312 ls564">profit </span><span class="pp-class-166 pa t41661 l44021">or </span><span class="pp-class-166 pa t41661 l44022 ls48">loss </span><span class="pp-class-166 pa t41661 l26957">as </span><span class="pp-class-166 pa t41661 l27152 ls1575">staff </span><span class="pp-class-166 pa t41661 l20290 ls1129">costs </span><span class="pp-class-166 pa t41661 l8906 ls48">over </span><span class="pp-class-166 pa t41661 l44023">the </span><span class="pp-class-166 pa t41661 l44024 ls461">vesting </span><span class="pp-class-166 pa t41669 l3">period. </span><span class="pp-class-166 pa t41669 l44025">The </span><span class="pp-class-166 pa t41669 l44026 ls158">offsetting </span><span class="pp-class-166 pa t41669 l14494 ls1122">item </span><span class="pp-class-166 pa t41669 l4618">is </span><span class="pp-class-166 pa t41669 l26871 ls564">recognised </span><span class="pp-class-166 pa t41669 l44027 ls461">directly </span><span class="pp-class-166 pa t41669 l21594">in </span><span class="pp-class-166 pa t41669 l6835 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42544 l3">The </span><span class="pp-class-166 pa t42544 l1525 ls101">value </span><span class="pp-class-166 pa t42544 l34625">of </span><span class="pp-class-166 pa t42544 l44028">employee </span><span class="pp-class-166 pa t42544 l6408 ls457">services </span><span class="pp-class-166 pa t42544 l44029 ls1416">received </span><span class="pp-class-166 pa t42544 l33134">during </span><span class="pp-class-166 pa t42544 l33108">the </span><span class="pp-class-166 pa t42544 l22449 ls461">vesting </span><span class="pp-class-166 pa t42544 l29408">period </span><span class="pp-class-166 pa t42544 l44030">in </span><span class="pp-class-166 pa t42544 l21720 ls851">exchange </span><span class="pp-class-166 pa t41680 l3 ls228">for </span><span class="pp-class-166 pa t41680 l2086 ls497">share </span><span class="pp-class-166 pa t41680 l27693">options </span><span class="pp-class-166 pa t41680 l44031 ls1502">granted </span><span class="pp-class-166 pa t41680 l33048 ls4405">corresponds </span><span class="pp-class-166 pa t41680 l44032 ls135">to </span><span class="pp-class-166 pa t41680 l33646">the </span><span class="pp-class-166 pa t41680 l44033 ls2307">fair </span><span class="pp-class-166 pa t41680 l15359 ls101">value </span><span class="pp-class-166 pa t41680 l44034">of </span><span class="pp-class-166 pa t41680 l44035">the </span><span class="pp-class-166 pa t41680 l44036 ls497">share </span><span class="pp-class-166 pa t41680 l44037">options </span><span class="pp-class-166 pa t41680 l44038">at </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls1122">date </span><span class="pp-class-166 pa t41687 l1734">of </span><span class="pp-class-166 pa t41687 l9104 ls1217">granting. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3 ls1853">The </span><span class="pp-class-166 pa t42559 l1942 ls1186">fair </span><span class="pp-class-166 pa t42559 l15479 ls1536">value </span><span class="pp-class-166 pa t42559 l44039 ls1866">of </span><span class="pp-class-166 pa t42559 l31775 ls1853">the </span><span class="pp-class-166 pa t42559 l44040 ls2660">options </span><span class="pp-class-166 pa t42559 l2225 ls7353">granted </span><span class="pp-class-166 pa t42559 l44041 ls1866">is </span><span class="pp-class-166 pa t42559 l30802 ls191">determined </span><span class="pp-class-166 pa t42559 l26400 ls2688">based </span><span class="pp-class-166 pa t42559 l26837 ls1866">on </span><span class="pp-class-166 pa t42559 l21078 ls1853">the </span><span class="pp-class-166 pa t42559 l44042 ls2688">Black </span><span class="pp-class-166 pa t42559 l44043 ls2307">&amp; </span><span class="pp-class-166 pa t42559 l44044 ls1853">Scholes </span><span class="pp-class-166 pa t41696 l3 ls394">valuation </span><span class="pp-class-166 pa t41696 l41233">model. </span><span class="pp-class-166 pa t41696 l44045">The </span><span class="pp-class-166 pa t41696 l44046 ls205">assumptions </span><span class="pp-class-166 pa t41696 l9916">used </span><span class="pp-class-166 pa t41696 l19303">in </span><span class="pp-class-166 pa t41696 l5762">the </span><span class="pp-class-166 pa t41696 l2899 ls394">valuation </span><span class="pp-class-166 pa t41696 l44047 ls497">takes </span><span class="pp-class-166 pa t41696 l44048 ls1122">into </span><span class="pp-class-166 pa t41696 l44049 ls614">account </span><span class="pp-class-166 pa t41696 l27164">the </span><span class="pp-class-166 pa t41704 l3 ls189">terms </span><span class="pp-class-166 pa t41704 l26657">and </span><span class="pp-class-166 pa t41704 l13479 ls923">conditions </span><span class="pp-class-166 pa t41704 l44050 ls1026">applicable </span><span class="pp-class-166 pa t41704 l19005 ls135">to </span><span class="pp-class-166 pa t41704 l42573">the </span><span class="pp-class-166 pa t41704 l21610">options </span><span class="pp-class-166 pa t41704 l6874 ls1502">granted </span><span class="pp-class-166 pa t41704 l36717">and </span><span class="pp-class-166 pa t41704 l44051 ls1528">Management’s </span><span class="pp-class-166 pa t41711 l3 ls239">expectations </span><span class="pp-class-166 pa t41711 l44052">of </span><span class="pp-class-166 pa t41711 l43674">the </span><span class="pp-class-166 pa t41711 l44053 ls455">various </span><span class="pp-class-166 pa t41711 l15499 ls564">parameters </span><span class="pp-class-166 pa t41711 l20100">on </span><span class="pp-class-166 pa t41711 l44054">which </span><span class="pp-class-166 pa t41711 l44055">the </span><span class="pp-class-166 pa t41711 l44056 ls394">valuation </span><span class="pp-class-166 pa t41711 l44057">model </span><span class="pp-class-166 pa t41711 l44058">is </span><span class="pp-class-166 pa t41711 l44059">based.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42587 l3 ls2690">Upon </span><span class="pp-class-166 pa t42587 l39659 ls2660">initial </span><span class="pp-class-166 pa t42587 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t42587 l39660 ls1866">an </span><span class="pp-class-166 pa t42587 l44060 ls191">estimate </span><span class="pp-class-166 pa t42587 l6297 ls1866">is </span><span class="pp-class-166 pa t42587 l44061 ls2690">made </span><span class="pp-class-166 pa t42587 l19012 ls1866">of </span><span class="pp-class-166 pa t42587 l44062 ls1853">the </span><span class="pp-class-166 pa t42587 l44063 ls1858">number </span><span class="pp-class-166 pa t42587 l44064 ls1866">of </span><span class="pp-class-166 pa t42587 l22140 ls2247">share </span><span class="pp-class-166 pa t42587 l44065 ls2660">options </span><span class="pp-class-166 pa t42587 l44066 ls135">that </span><span class="pp-class-166 pa t41720 l3">the </span><span class="pp-class-166 pa t41720 l1913">employees </span><span class="pp-class-166 pa t41720 l24454 ls228">are </span><span class="pp-class-166 pa t41720 l27527 ls70">expected </span><span class="pp-class-166 pa t41720 l44067 ls135">to </span><span class="pp-class-166 pa t41720 l11009 ls101">earn. </span><span class="pp-class-166 pa t41720 l44068">The </span><span class="pp-class-166 pa t41720 l44069 ls1217">estimated </span><span class="pp-class-166 pa t41720 l36736">number </span><span class="pp-class-166 pa t41720 l44070">of </span><span class="pp-class-166 pa t41720 l44071 ls497">share </span><span class="pp-class-166 pa t41720 l44072">options </span><span class="pp-class-166 pa t41720 l44073">is </span><span class="pp-class-166 pa t41727 l3">subsequently </span><span class="pp-class-166 pa t41727 l2316 ls740">adjusted </span><span class="pp-class-166 pa t41727 l2374 ls135">to </span><span class="pp-class-166 pa t41727 l44074 ls93">reflect </span><span class="pp-class-166 pa t41727 l6873">the </span><span class="pp-class-166 pa t41727 l8764 ls1636">actual </span><span class="pp-class-166 pa t41727 l12481">number </span><span class="pp-class-166 pa t41727 l44075">of </span><span class="pp-class-166 pa t41727 l6984 ls497">share </span><span class="pp-class-166 pa t41727 l44076">options </span><span class="pp-class-166 pa t41727 l44077 ls455">earned. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41743 l3 ls1853">The </span><span class="pp-class-166 pa t41743 l1942 ls2325">estimated </span><span class="pp-class-166 pa t41743 l44078 ls2836">volatility </span><span class="pp-class-166 pa t41743 l28660 ls1866">is </span><span class="pp-class-166 pa t41743 l41821 ls2688">based </span><span class="pp-class-166 pa t41743 l44079 ls1866">on </span><span class="pp-class-166 pa t41743 l44080 ls2295">historical </span><span class="pp-class-166 pa t41743 l44081 ls2483">data </span><span class="pp-class-166 pa t41743 l44082 ls83">over </span><span class="pp-class-166 pa t41743 l44083 ls1853">the </span><span class="pp-class-166 pa t41743 l44084 ls2298">preceding </span><span class="pp-class-166 pa t41743 l10601 ls497">three </span><span class="pp-class-166 pa t41743 l44085 ls101">years </span><span class="pp-class-166 pa t42609 l3 ls740">adjusted </span><span class="pp-class-166 pa t42609 l6178 ls228">for </span><span class="pp-class-166 pa t42609 l5028">any </span><span class="pp-class-166 pa t42609 l44086">unusual </span><span class="pp-class-166 pa t42609 l3556 ls2432">circumstances </span><span class="pp-class-166 pa t42609 l35414">during </span><span class="pp-class-166 pa t42609 l26497">the </span><span class="pp-class-166 pa t42609 l44087">period. </span><span class="pp-class-166 pa t42609 l9959">The </span><span class="pp-class-166 pa t42609 l44088 ls394">valuation </span><span class="pp-class-166 pa t42609 l44089">of </span><span class="pp-class-166 pa t42609 l44090">the </span><span class="pp-class-166 pa t41744 l3 ls497">share </span><span class="pp-class-166 pa t41744 l22334">options </span><span class="pp-class-166 pa t41744 l35115 ls1502">granted </span><span class="pp-class-166 pa t41744 l44091">in </span><span class="pp-class-166 pa t41744 l6214">2025 </span><span class="pp-class-166 pa t41744 l44092">and </span><span class="pp-class-166 pa t41744 l10216 ls1740">2024 </span><span class="pp-class-166 pa t41744 l20239 ls2540">is </span><span class="pp-class-166 pa t41744 l44093 ls2061">based </span><span class="pp-class-166 pa t41744 l44094 ls2540">on </span><span class="pp-class-166 pa t41744 l44095 ls1528">the </span><span class="pp-class-166 pa t41744 l44096 ls6804">following </span><span class="pp-class-166 pa t41744 l9922 ls75">assumptions:</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44665 l3 ls5287">Accounting </span><span class="pp-class-170 pa t44665 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44666 l3 ls1026">Contingent </span><span class="pp-class-166 pa t44666 l19854">liabilities </span><span class="pp-class-166 pa t44666 l40524 ls234">comprise </span><span class="pp-class-166 pa t44666 l38816 ls394">possible </span><span class="pp-class-166 pa t44666 l44667">obligations </span><span class="pp-class-166 pa t44666 l44668">which </span><span class="pp-class-166 pa t44666 l44669 ls48">have </span><span class="pp-class-166 pa t44666 l4326 ls1528">not </span><span class="pp-class-166 pa t44666 l38280 ls234">yet </span><span class="pp-class-166 pa t44666 l44670">been </span><span class="pp-class-166 pa t44671 l3 ls923">confirmed, </span><span class="pp-class-166 pa t44671 l32816 ls228">are </span><span class="pp-class-166 pa t44671 l44672 ls1428">uncertain </span><span class="pp-class-166 pa t44671 l28972">or </span><span class="pp-class-166 pa t44671 l3743 ls2540">cannot </span><span class="pp-class-166 pa t44671 l44673">be </span><span class="pp-class-166 pa t44671 l26160 ls1528">measured </span><span class="pp-class-166 pa t44671 l28418 ls702">reliably, </span><span class="pp-class-166 pa t44671 l9853">but </span><span class="pp-class-166 pa t44671 l30537">which, </span><span class="pp-class-166 pa t44671 l6728">if </span><span class="pp-class-166 pa t44671 l44674 ls107">realised, </span><span class="pp-class-166 pa t44675 l3">may </span><span class="pp-class-166 pa t44675 l24006 ls564">result </span><span class="pp-class-166 pa t44675 l8613">in </span><span class="pp-class-166 pa t44675 l30783">a </span><span class="pp-class-166 pa t44675 l44676 ls1129">drain </span><span class="pp-class-166 pa t44675 l44677">on </span><span class="pp-class-166 pa t44675 l37148">the </span><span class="pp-class-166 pa t44675 l22763 ls1165">Group’s </span><span class="pp-class-166 pa t44675 l14326 ls3681">resources. </span><span class="pp-class-166 pa t44675 l26096">Obligations </span><span class="pp-class-166 pa t44675 l44678 ls228">are </span><span class="pp-class-166 pa t44675 l44679 ls564">recognised </span><span class="pp-class-166 pa t44675 l44680">in </span><span class="pp-class-166 pa t44681 l3">the </span><span class="pp-class-166 pa t44681 l1913">financial </span><span class="pp-class-166 pa t44681 l22178 ls946">statements </span><span class="pp-class-166 pa t44681 l33260">only </span><span class="pp-class-166 pa t44681 l23806 ls135">to </span><span class="pp-class-166 pa t44681 l28611">the </span><span class="pp-class-166 pa t44681 l15182 ls495">extent </span><span class="pp-class-166 pa t44681 l12303">that </span><span class="pp-class-166 pa t44681 l31732">the </span><span class="pp-class-166 pa t44681 l44682 ls234">criteria </span><span class="pp-class-166 pa t44681 l44683 ls228">for </span><span class="pp-class-166 pa t44681 l44684 ls5508">recognising </span><span class="pp-class-166 pa t44685 l3">a </span><span class="pp-class-166 pa t44685 l2592 ls851">provision </span><span class="pp-class-166 pa t44685 l37414 ls228">are </span><span class="pp-class-166 pa t44685 l44686 ls3305">met.</span></p><div class="pp-class-4" id="pp-id-4516" xmlns="http://www.w3.org/1999/xhtml"><div class="w44809 h44810 pa t2 l3 wtro4 xx246 tro6 xx247"><p class="pp-class-164 pp-area-text"><span class="pp-class-177 pa t248 l3 ls2512">Definition </span><span class="pp-class-177 pa t248 l44811 ls3137">of </span><span class="pp-class-177 pa t7364 l3 ls35407">key </span><span class="pp-class-177 pa t7364 l44812 ls44813">figures </span><span class="pp-class-177 pa t35405 l3 ls2514">and </span><span class="pp-class-177 pa t35405 l9224 ls44814">ratios</span></p></div></div><div id="pp-id-4517" xmlns="http://www.w3.org/1999/xhtml"><div class="w44815 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls40957">Key </span><span class="pp-class-169 pa t254 l44816 ls2517">figures</span></p></div></div><div class="pp-class-4" id="pp-id-4518" xmlns="http://www.w3.org/1999/xhtml"><div class="w44817 h44818 pa t2 l3 wtro4 xx3291 tro6 xx3292"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t3293 l3 ls1849">Net </span><span class="pp-class-182 pa t3293 l44819 ls12989">interest- </span><span class="pp-class-182 pa t22936 l3 ls455">bearing </span><span class="pp-class-182 pa t22936 l44820 ls86">debt </span><span class="pp-class-182 pa t22959 l3">(NIBD)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t3293 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t3293 l44822 ls851">Interest-bearing </span><span class="pp-class-182 pa t3293 l25272 ls86">debt </span><span class="pp-class-182 pa t3293 l44823 ls158">less </span><span class="pp-class-182 pa t3293 l44824 ls851">interest-bearing </span><span class="pp-class-182 pa t3293 l44825 ls86">assets </span><span class="pp-class-182 pa t22936 l44822">and </span><span class="pp-class-182 pa t22936 l44826 ls86">cash </span><span class="pp-class-182 pa t22936 l44827">and </span><span class="pp-class-182 pa t22936 l44828 ls86">cash </span><span class="pp-class-182 pa t22936 l44829 ls205">equivalents</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44830 l3 ls1849">Net </span><span class="pp-class-182 pa t44830 l44819 ls158">working </span><span class="pp-class-182 pa t44831 l3 ls117">capital </span><span class="pp-class-182 pa t44831 l44832">(NWC)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44830 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44830 l44822 ls2476">Receivables </span><span class="pp-class-182 pa t44830 l44833">and </span><span class="pp-class-182 pa t44830 l44834 ls1217">other </span><span class="pp-class-182 pa t44830 l44835 ls3962">current </span><span class="pp-class-182 pa t44830 l4292 ls704">operating </span><span class="pp-class-182 pa t44830 l44836 ls86">assets </span><span class="pp-class-182 pa t44830 l44837 ls158">less </span><span class="pp-class-182 pa t44831 l44822 ls147">trade </span><span class="pp-class-182 pa t44831 l44838 ls394">payables </span><span class="pp-class-182 pa t44831 l44839">and </span><span class="pp-class-182 pa t44831 l44840 ls1217">other </span><span class="pp-class-182 pa t44831 l44841 ls394">payables </span><span class="pp-class-182 pa t44831 l44842">and </span><span class="pp-class-182 pa t44831 l44843 ls1217">other </span><span class="pp-class-182 pa t44831 l44844 ls13131">current </span><span class="pp-class-182 pa t44845 l44822 ls704">operating </span><span class="pp-class-182 pa t44845 l44846">liabilities</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44847 l3 ls826">Invested </span><span class="pp-class-182 pa t44847 l44848 ls164">capital</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44847 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44847 l44822 ls1183">NWC </span><span class="pp-class-182 pa t44847 l3190">+ </span><span class="pp-class-182 pa t44847 l16502 ls1761">property, </span><span class="pp-class-182 pa t44847 l44849">plant </span><span class="pp-class-182 pa t44847 l44850">and </span><span class="pp-class-182 pa t44847 l44851 ls4265">equipment, </span><span class="pp-class-182 pa t44847 l44852 ls853">right-of-</span><span class="pp-class-182 pa t44853 l44822">use </span><span class="pp-class-182 pa t44853 l44854 ls1575">assets, </span><span class="pp-class-182 pa t44853 l44855 ls93">intangible </span><span class="pp-class-182 pa t44853 l44856 ls86">assets </span><span class="pp-class-182 pa t44853 l44857">including </span><span class="pp-class-182 pa t44853 l44858">goodwill </span><span class="pp-class-182 pa t44853 l44859">and </span><span class="pp-class-182 pa t44860 l44822 ls2022">customer </span><span class="pp-class-182 pa t44860 l44861 ls154">relationships </span><span class="pp-class-182 pa t44860 l44862 ls158">less </span><span class="pp-class-182 pa t44860 l44863 ls1683">long-term </span><span class="pp-class-182 pa t44860 l44864 ls59">provisions</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44865 l3 ls2022">Adjusted </span><span class="pp-class-182 pa t44865 l44866 ls455">earnings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44865 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44865 l44822 ls1183">The </span><span class="pp-class-182 pa t44865 l44867">DSV </span><span class="pp-class-182 pa t44865 l44868 ls44869">A/S </span><span class="pp-class-182 pa t44865 l44870 ls1900">shareholders’ </span><span class="pp-class-182 pa t44865 l44871 ls2432">share </span><span class="pp-class-182 pa t44865 l44872">of </span><span class="pp-class-182 pa t44865 l44873 ls1418">profit </span><span class="pp-class-182 pa t44865 l20888 ls3681">for </span><span class="pp-class-182 pa t44865 l44874">the </span><span class="pp-class-182 pa t44865 l44875 ls44876">re-</span><span class="pp-class-182 pa t44877 l44822 ls1866">porting </span><span class="pp-class-182 pa t44877 l44878 ls8006">period </span><span class="pp-class-182 pa t44877 l44879 ls2273">from </span><span class="pp-class-182 pa t44877 l44880 ls17094">continuing </span><span class="pp-class-182 pa t44877 l44881 ls6801">operations </span><span class="pp-class-182 pa t44877 l44882 ls2672">adjusted </span><span class="pp-class-182 pa t44877 l44883 ls2295">for </span><span class="pp-class-182 pa t44884 l44822 ls169">amortisation </span><span class="pp-class-182 pa t44884 l44885 ls6357">and </span><span class="pp-class-182 pa t44884 l9694 ls3381">impairment </span><span class="pp-class-182 pa t44884 l37953">of </span><span class="pp-class-182 pa t44884 l44886">goodwill </span><span class="pp-class-182 pa t44884 l44887">and </span><span class="pp-class-182 pa t44884 l44888 ls2022">customer </span><span class="pp-class-182 pa t44889 l44822 ls977">relationships, </span><span class="pp-class-182 pa t44889 l44890 ls147">costs </span><span class="pp-class-182 pa t44889 l44891 ls1416">related </span><span class="pp-class-182 pa t44889 l44892 ls1343">to </span><span class="pp-class-182 pa t44889 l44893 ls117">share-based </span><span class="pp-class-182 pa t44889 l44894">payments </span><span class="pp-class-182 pa t44895 l44822">and </span><span class="pp-class-182 pa t44895 l44826 ls3135">special </span><span class="pp-class-182 pa t44895 l44896 ls117">items. </span><span class="pp-class-182 pa t44895 l44897">The </span><span class="pp-class-182 pa t44895 l44898 ls2476">tax </span><span class="pp-class-182 pa t44895 l44899 ls2221">effect </span><span class="pp-class-182 pa t44895 l44900">of </span><span class="pp-class-182 pa t44895 l44901">the </span><span class="pp-class-182 pa t44895 l44902 ls455">adjustments </span><span class="pp-class-182 pa t44903 l44822">has </span><span class="pp-class-182 pa t44903 l44904">been </span><span class="pp-class-182 pa t44903 l44905 ls2432">taken </span><span class="pp-class-182 pa t44903 l44906 ls107">into </span><span class="pp-class-182 pa t44903 l44907 ls2432">account</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44908 l3 ls1849">Net </span><span class="pp-class-182 pa t44908 l44819">financial </span><span class="pp-class-182 pa t44909 l3 ls1761">expenses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44908 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44908 l44822 ls205">Financial </span><span class="pp-class-182 pa t44908 l44910 ls4053">expenses </span><span class="pp-class-182 pa t44908 l44911 ls158">less </span><span class="pp-class-182 pa t44908 l44912">financial </span><span class="pp-class-182 pa t44908 l44913 ls164">income</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44914 l3">Special </span><span class="pp-class-182 pa t44914 l44915 ls107">items</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44914 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44914 l44822 ls1849">Exceptional </span><span class="pp-class-182 pa t44914 l44916 ls164">items </span><span class="pp-class-182 pa t44914 l44917">of </span><span class="pp-class-182 pa t44914 l44918 ls117">income </span><span class="pp-class-182 pa t44914 l44919">or </span><span class="pp-class-182 pa t44914 l44920 ls1444">cost </span><span class="pp-class-182 pa t44914 l44921">which </span><span class="pp-class-182 pa t44914 l44922">by </span><span class="pp-class-182 pa t44914 l44923 ls1418">nature </span><span class="pp-class-182 pa t44924 l44822 ls3681">are </span><span class="pp-class-182 pa t44924 l44925 ls218">not </span><span class="pp-class-182 pa t44924 l44926 ls1416">related </span><span class="pp-class-182 pa t44924 l44927 ls1343">to </span><span class="pp-class-182 pa t44924 l10422">the </span><span class="pp-class-182 pa t44924 l44928 ls4135">Group’s </span><span class="pp-class-182 pa t44924 l44929 ls1761">ordinary </span><span class="pp-class-182 pa t44924 l44930 ls704">operation </span><span class="pp-class-182 pa t44924 l44931">or </span><span class="pp-class-182 pa t44932 l44822 ls48">investments </span><span class="pp-class-182 pa t44932 l44933">in </span><span class="pp-class-182 pa t44932 l44934 ls1418">future </span><span class="pp-class-182 pa t44932 l44935 ls1732">activities. </span><span class="pp-class-182 pa t44932 l44936 ls455">Please </span><span class="pp-class-182 pa t44932 l44937 ls2287">refer </span><span class="pp-class-182 pa t44932 l44938 ls1343">to </span><span class="pp-class-183 pa t44932 l44939 ls2311">note </span><span class="pp-class-183 pa t44940 l44822 ls3187">2.7</span><span class="pp-class-182 pa t44940 l44941"/><span class="pp-class-182 pa t44940 l44942 ls3681">for </span><span class="pp-class-182 pa t44940 l44943 ls166">additional </span><span class="pp-class-182 pa t44940 l22722 ls117">details </span><span class="pp-class-182 pa t44940 l44944">on </span><span class="pp-class-182 pa t44940 l44945 ls164">items </span><span class="pp-class-182 pa t44940 l44946 ls166">included</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44947 l3 ls2022">Adjusted </span><span class="pp-class-182 pa t44947 l44866 ls52">free </span><span class="pp-class-182 pa t44948 l3 ls86">cash </span><span class="pp-class-182 pa t44948 l44949">flow</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44947 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t44947 l44822 ls13591">Free </span><span class="pp-class-182 pa t44947 l44950 ls86">cash </span><span class="pp-class-182 pa t44947 l44951">flow </span><span class="pp-class-182 pa t44947 l44952 ls2022">adjusted </span><span class="pp-class-182 pa t44947 l44953 ls3681">for </span><span class="pp-class-182 pa t44947 l44954 ls1849">net </span><span class="pp-class-182 pa t44947 l44955 ls428">acquisition </span><span class="pp-class-182 pa t44947 l44956">of </span><span class="pp-class-182 pa t44947 l44957">sub-</span><span class="pp-class-182 pa t44948 l44822">sidiaries </span><span class="pp-class-182 pa t44948 l44958">and </span><span class="pp-class-182 pa t44948 l44959 ls1732">activities, </span><span class="pp-class-182 pa t44948 l44960 ls239">lease </span><span class="pp-class-182 pa t44948 l36812 ls457">liability </span><span class="pp-class-182 pa t44948 l44961 ls117">repayments, </span><span class="pp-class-182 pa t44962 l44822">special </span><span class="pp-class-182 pa t44962 l37638 ls164">items </span><span class="pp-class-182 pa t44962 l44963">and </span><span class="pp-class-182 pa t44962 l44964">normalisation </span><span class="pp-class-182 pa t44962 l44965">of </span><span class="pp-class-182 pa t44962 l44966 ls158">working </span><span class="pp-class-182 pa t44962 l44967 ls117">capital </span><span class="pp-class-182 pa t44968 l44822">in </span><span class="pp-class-182 pa t44968 l44969">subsidiaries </span><span class="pp-class-182 pa t44968 l44970">and </span><span class="pp-class-182 pa t44968 l44971 ls1617">activities </span><span class="pp-class-182 pa t44968 l44972 ls1416">acquired</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4519" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44973 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3624 l3 ls1430">Key </span><span class="pp-class-166 pa t3624 l22502 ls856">figures </span><span class="pp-class-166 pa t3624 l44974">and </span><span class="pp-class-166 pa t3624 l42352 ls2540">ratios </span><span class="pp-class-166 pa t3624 l44975 ls228">are </span><span class="pp-class-166 pa t3624 l43785">disclosed </span><span class="pp-class-166 pa t3624 l44976">in </span><span class="pp-class-166 pa t3624 l11062 ls228">accordance </span><span class="pp-class-166 pa t3624 l27537">with </span><span class="pp-class-166 pa t3624 l41118 ls704">‘Recommendations </span><span class="pp-class-166 pa t3624 l13894">&amp; </span><span class="pp-class-166 pa t3330 l3 ls4250">Ratios’ </span><span class="pp-class-166 pa t3330 l11945">published </span><span class="pp-class-166 pa t3330 l44977">by </span><span class="pp-class-166 pa t3330 l44978">the </span><span class="pp-class-166 pa t3330 l986">Danish </span><span class="pp-class-166 pa t3330 l44979 ls853">Finance </span><span class="pp-class-166 pa t3330 l44980 ls461">Society, </span><span class="pp-class-166 pa t3330 l6563 ls1822">except </span><span class="pp-class-166 pa t3330 l16341 ls228">for </span><span class="pp-class-166 pa t3330 l19064">financial </span><span class="pp-class-166 pa t3330 l44981 ls2540">ratios </span><span class="pp-class-166 pa t3338 l3 ls740">marked </span><span class="pp-class-166 pa t3338 l30069">with </span><span class="pp-class-166 pa t3338 l29494">(*), </span><span class="pp-class-166 pa t3338 l44982">as </span><span class="pp-class-166 pa t3338 l34249">these </span><span class="pp-class-166 pa t3338 l44983 ls228">are </span><span class="pp-class-166 pa t3338 l44984">either </span><span class="pp-class-166 pa t3338 l1077 ls455">derived </span><span class="pp-class-166 pa t3338 l11907">or </span><span class="pp-class-166 pa t3338 l26978 ls1528">not </span><span class="pp-class-166 pa t3338 l44985">included </span><span class="pp-class-166 pa t3338 l44986">in </span><span class="pp-class-166 pa t3338 l44987">the </span><span class="pp-class-166 pa t3338 l44988 ls135">Recom-</span><span class="pp-class-166 pa t3348 l3">mendations. </span><span class="pp-class-166 pa t3348 l39668 ls10">Earnings </span><span class="pp-class-166 pa t3348 l44989">per </span><span class="pp-class-166 pa t3348 l44990 ls497">share </span><span class="pp-class-166 pa t3348 l44991">and </span><span class="pp-class-166 pa t3348 l41968 ls187">diluted </span><span class="pp-class-166 pa t3348 l21671 ls394">earnings </span><span class="pp-class-166 pa t3348 l44992">per </span><span class="pp-class-166 pa t3348 l31717 ls497">share </span><span class="pp-class-166 pa t3348 l38448 ls228">are </span><span class="pp-class-166 pa t3348 l44993">disclosed </span><span class="pp-class-166 pa t3360 l3">in </span><span class="pp-class-166 pa t3360 l1746 ls228">accordance </span><span class="pp-class-166 pa t3360 l15397">with </span><span class="pp-class-166 pa t3360 l8691">IAS </span><span class="pp-class-166 pa t3360 l8997">33. </span><span class="pp-class-166 pa t3360 l44994 ls1740">For </span><span class="pp-class-166 pa t3360 l18828">a </span><span class="pp-class-166 pa t3360 l32968">definition </span><span class="pp-class-166 pa t3360 l27901">of </span><span class="pp-class-166 pa t3360 l44995 ls750">sustainability </span><span class="pp-class-166 pa t3360 l44996 ls180">data, </span><span class="pp-class-166 pa t3360 l12752 ls239">please </span><span class="pp-class-166 pa t3360 l44997 ls1860">refer </span><span class="pp-class-166 pa t3373 l3 ls135">to </span><span class="pp-class-166 pa t3373 l2457">the </span><span class="pp-class-166 pa t3373 l3086 ls946">accounting </span><span class="pp-class-166 pa t3373 l33941">policies </span><span class="pp-class-166 pa t3373 l33653">of </span><span class="pp-class-166 pa t3373 l44998">the </span><span class="pp-class-166 pa t3373 l44999 ls750">sustainability </span><span class="pp-class-166 pa t3373 l45000 ls1408">statement.</span></p></div></div><div id="pp-id-4520" xmlns="http://www.w3.org/1999/xhtml"><div class="w45001 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls21822">Financial </span><span class="pp-class-169 pa t254 l45002 ls45003">ratios</span></p></div></div><div class="pp-class-4" id="pp-id-4521" xmlns="http://www.w3.org/1999/xhtml"><div class="w44817 h45004 pa t2 l3 wtro4 xx3291 tro6 xx3292"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45005 l3 ls4384">Gross </span><span class="pp-class-182 pa t45005 l11248 ls2432">margin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45005 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t3293 l24783 ls4384">Gross </span><span class="pp-class-182 pa t3293 l45006 ls1418">profit </span><span class="pp-class-182 pa t3293 l45007">* </span><span class="pp-class-182 pa t3293 l45008">100</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t9154 l45009 ls164">Revenue</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45010 l3 ls704">Operating </span><span class="pp-class-182 pa t45010 l45011 ls2432">margin</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45010 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45012 l45013 ls704">Operating </span><span class="pp-class-182 pa t45012 l45014 ls1418">profit </span><span class="pp-class-182 pa t45012 l45015 ls1669">(EBIT) </span><span class="pp-class-182 pa t45012 l45016 ls2688">before </span><span class="pp-class-182 pa t45012 l45017">special </span><span class="pp-class-182 pa t45012 l45018 ls164">items </span><span class="pp-class-182 pa t45012 l45019">* </span><span class="pp-class-182 pa t45012 l45020">100</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45021 l45009 ls164">Revenue</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45022 l3 ls1378">Conversion </span><span class="pp-class-182 pa t45022 l11246 ls1444">ratio</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45022 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45023 l45013 ls704">Operating </span><span class="pp-class-182 pa t45023 l45014 ls1418">profit </span><span class="pp-class-182 pa t45023 l45015 ls1669">(EBIT) </span><span class="pp-class-182 pa t45023 l45016 ls2688">before </span><span class="pp-class-182 pa t45023 l45017">special </span><span class="pp-class-182 pa t45023 l45018 ls164">items </span><span class="pp-class-182 pa t45023 l45019">* </span><span class="pp-class-182 pa t45023 l45020">100</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45024 l45025 ls4384">Gross </span><span class="pp-class-182 pa t45024 l45026 ls2432">profit</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45027 l3 ls1900">Effective </span><span class="pp-class-182 pa t45027 l45028 ls2476">tax </span><span class="pp-class-182 pa t45027 l45029 ls169">rate*</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45027 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45030 l45031 ls3055">Tax </span><span class="pp-class-182 pa t45030 l45032">on </span><span class="pp-class-182 pa t45030 l45033 ls1418">profit </span><span class="pp-class-182 pa t45030 l45034 ls3681">for </span><span class="pp-class-182 pa t45030 l45035">the </span><span class="pp-class-182 pa t45030 l45036 ls158">year </span><span class="pp-class-182 pa t45030 l45037">* </span><span class="pp-class-182 pa t45030 l45038">100</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45039 l23664 ls1674">Profit </span><span class="pp-class-182 pa t45039 l12334 ls2688">before </span><span class="pp-class-182 pa t45039 l45040 ls5508">tax</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45041 l3 ls1172">Return </span><span class="pp-class-182 pa t45041 l45042 ls4372">on </span><span class="pp-class-182 pa t45041 l45043 ls2275">invested </span><span class="pp-class-182 pa t45044 l3 ls117">capital </span><span class="pp-class-182 pa t45044 l44832 ls455">(ROIC) </span><span class="pp-class-182 pa t45045 l3 ls2688">before </span><span class="pp-class-182 pa t45045 l45046 ls5508">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45041 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45047 l45013 ls704">Operating </span><span class="pp-class-182 pa t45047 l45014 ls1418">profit </span><span class="pp-class-182 pa t45047 l45015 ls1669">(EBIT) </span><span class="pp-class-182 pa t45047 l45016 ls2688">before </span><span class="pp-class-182 pa t45047 l45017">special </span><span class="pp-class-182 pa t45047 l45018 ls164">items </span><span class="pp-class-182 pa t45047 l45019">* </span><span class="pp-class-182 pa t45047 l45020">100</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45048 l45049 ls5048">Average </span><span class="pp-class-182 pa t45048 l45050 ls826">invested </span><span class="pp-class-182 pa t45048 l45051 ls164">capital</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45052 l3 ls218">Return </span><span class="pp-class-182 pa t45052 l45053">on </span><span class="pp-class-182 pa t45052 l45054 ls2390">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45052 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45055 l45056 ls1674">Profit </span><span class="pp-class-182 pa t45055 l45057 ls1378">attributable </span><span class="pp-class-182 pa t45055 l45058 ls1343">to </span><span class="pp-class-182 pa t45055 l45059">the </span><span class="pp-class-182 pa t45055 l45060 ls187">shareholders </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45061 l45062">of </span><span class="pp-class-182 pa t45061 l45063">DSV </span><span class="pp-class-182 pa t45061 l45064 ls44869">A/S </span><span class="pp-class-182 pa t45061 l45065">* </span><span class="pp-class-182 pa t45061 l45066">100</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45067 l45068 ls5048">Average </span><span class="pp-class-182 pa t45067 l45069 ls3968">equity </span><span class="pp-class-182 pa t45067 l45070 ls853">excluding </span><span class="pp-class-182 pa t45067 l45071 ls59">non-controlling </span><span class="pp-class-182 pa t45067 l45072 ls1343">interests</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45073 l3 ls3593">Solvency </span><span class="pp-class-182 pa t45073 l28698 ls1444">ratio</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45073 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45074 l45075 ls2179">Equity </span><span class="pp-class-182 pa t45074 l45076 ls853">excluding </span><span class="pp-class-182 pa t45074 l45077 ls59">non-controlling </span><span class="pp-class-182 pa t45074 l45078 ls12989">interests </span><span class="pp-class-182 pa t45074 l45079">* </span><span class="pp-class-182 pa t45074 l45080">100</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45081 l45082 ls1236">Total </span><span class="pp-class-182 pa t45081 l45083 ls1683">assets</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45084 l3 ls455">Gearing </span><span class="pp-class-182 pa t45084 l45085 ls147">ratio*</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45084 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45086 l45087 ls1849">Net </span><span class="pp-class-182 pa t45086 l45088 ls851">interest-bearing </span><span class="pp-class-182 pa t45086 l45089 ls1849">debt</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45090 l12143 ls704">Operating </span><span class="pp-class-182 pa t45090 l45091 ls1418">profit </span><span class="pp-class-182 pa t45090 l45092 ls2688">before </span><span class="pp-class-182 pa t45090 l45093 ls1839">amortisation, </span><span class="pp-class-182 pa t45094 l45095 ls187">depreciation </span><span class="pp-class-182 pa t45094 l45096 ls552">(EBITDA) </span><span class="pp-class-182 pa t45094 l45097 ls2688">before </span><span class="pp-class-182 pa t45094 l45098">special </span><span class="pp-class-182 pa t45094 l45099 ls107">items</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45100 l3 ls2022">Adjusted </span><span class="pp-class-182 pa t45100 l44866 ls86">cash </span><span class="pp-class-182 pa t45101 l3 ls1428">conversion </span><span class="pp-class-182 pa t45101 l11271 ls1444">ratio</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45101 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45102 l45103 ls2022">Adjusted </span><span class="pp-class-182 pa t45102 l45104 ls52">free </span><span class="pp-class-182 pa t45102 l45105 ls86">cash </span><span class="pp-class-182 pa t45102 l45106">flow </span><span class="pp-class-182 pa t45102 l45107 ls2688">before </span><span class="pp-class-182 pa t45102 l45108 ls1849">net </span><span class="pp-class-182 pa t45102 l45109">financial</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45110 l45111 ls164">items </span><span class="pp-class-182 pa t45110 l45112">and </span><span class="pp-class-182 pa t45110 l45113 ls2476">tax </span><span class="pp-class-182 pa t45110 l45114">* </span><span class="pp-class-182 pa t45110 l45115">100</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45116 l45117">EBIT </span><span class="pp-class-182 pa t45116 l45118 ls2688">before </span><span class="pp-class-182 pa t45116 l45119">special </span><span class="pp-class-182 pa t45116 l45120 ls107">items</span></p></td></tr></table></div></div><div id="pp-id-4522" xmlns="http://www.w3.org/1999/xhtml"><div class="w45121 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls257">Share </span><span class="pp-class-169 pa t254 l1182 ls45003">ratios</span></p></div></div><div class="pp-class-4" id="pp-id-4523" xmlns="http://www.w3.org/1999/xhtml"><div class="w44817 h45122 pa t2 l3 wtro4 xx3291 tro6 xx3292"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45005 l3 ls428">Earnings </span><span class="pp-class-182 pa t45005 l45123">per </span><span class="pp-class-182 pa t45005 l1489 ls52">share</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45005 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t3293 l45124 ls1674">Profit </span><span class="pp-class-182 pa t3293 l45125 ls1378">attributable </span><span class="pp-class-182 pa t3293 l45126 ls1343">to </span><span class="pp-class-182 pa t3293 l45127">the </span><span class="pp-class-182 pa t3293 l45128 ls187">shareholders </span><span class="pp-class-182 pa t3293 l45129">of </span><span class="pp-class-182 pa t3293 l45130">DSV </span><span class="pp-class-182 pa t3293 l45131 ls45132">A/S</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t9154 l45133 ls5048">Average </span><span class="pp-class-182 pa t9154 l37354">number </span><span class="pp-class-182 pa t9154 l45134">of </span><span class="pp-class-182 pa t9154 l34651 ls2432">shares</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45010 l3 ls704">Diluted </span><span class="pp-class-182 pa t45010 l45135 ls394">earnings </span><span class="pp-class-182 pa t45136 l3">per </span><span class="pp-class-182 pa t45136 l45137 ls52">share</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45010 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45012 l45124 ls1674">Profit </span><span class="pp-class-182 pa t45012 l45125 ls1378">attributable </span><span class="pp-class-182 pa t45012 l45126 ls1343">to </span><span class="pp-class-182 pa t45012 l45127">the </span><span class="pp-class-182 pa t45012 l45128 ls187">shareholders </span><span class="pp-class-182 pa t45012 l45129">of </span><span class="pp-class-182 pa t45012 l45130">DSV </span><span class="pp-class-182 pa t45012 l45131 ls45132">A/S</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45021 l45138 ls5048">Average </span><span class="pp-class-182 pa t45021 l45139">number </span><span class="pp-class-182 pa t45021 l45140">of </span><span class="pp-class-182 pa t45021 l45141 ls1418">shares </span><span class="pp-class-182 pa t45021 l45142 ls117">diluted</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45143 l3 ls704">Diluted </span><span class="pp-class-182 pa t45143 l45135 ls2022">adjusted </span><span class="pp-class-182 pa t45144 l3 ls394">earnings </span><span class="pp-class-182 pa t45144 l45145">per </span><span class="pp-class-182 pa t45144 l45146 ls52">share</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45143 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45147 l45148 ls2022">Adjusted </span><span class="pp-class-182 pa t45147 l45149 ls455">earnings</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45150 l45138 ls5048">Average </span><span class="pp-class-182 pa t45150 l45139">number </span><span class="pp-class-182 pa t45150 l45140">of </span><span class="pp-class-182 pa t45150 l45141 ls1418">shares </span><span class="pp-class-182 pa t45150 l45142 ls117">diluted</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45151 l3">Number </span><span class="pp-class-182 pa t45151 l45152">of </span><span class="pp-class-182 pa t45151 l45153 ls1418">shares </span><span class="pp-class-182 pa t45154 l3 ls239">issued</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45151 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45151 l44822 ls45155">Total </span><span class="pp-class-182 pa t45151 l45156">number </span><span class="pp-class-182 pa t45151 l45157">of </span><span class="pp-class-182 pa t45151 l45158 ls1418">shares </span><span class="pp-class-182 pa t45151 l44850 ls455">issued </span><span class="pp-class-182 pa t45151 l45159">at </span><span class="pp-class-182 pa t45151 l7159">the </span><span class="pp-class-182 pa t45151 l45160 ls1683">reporting </span><span class="pp-class-182 pa t45151 l45161 ls2061">date</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45162 l3 ls5048">Average </span><span class="pp-class-182 pa t45162 l25243">number </span><span class="pp-class-182 pa t45163 l3">of </span><span class="pp-class-182 pa t45163 l45164 ls1418">shares </span><span class="pp-class-182 pa t45165 l3 ls4053">outstanding</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45162 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45162 l44822 ls5048">Average </span><span class="pp-class-182 pa t45162 l45166">number </span><span class="pp-class-182 pa t45162 l25272">of </span><span class="pp-class-182 pa t45162 l45167 ls1418">shares </span><span class="pp-class-182 pa t45162 l45168 ls455">issued </span><span class="pp-class-182 pa t45162 l45169 ls2022">adjusted </span><span class="pp-class-182 pa t45162 l45170 ls3681">for </span><span class="pp-class-182 pa t45163 l44822 ls154">treasury </span><span class="pp-class-182 pa t45163 l45171 ls2432">shares</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45172 l3 ls5048">Average </span><span class="pp-class-182 pa t45172 l25243">number </span><span class="pp-class-182 pa t45173 l3">of </span><span class="pp-class-182 pa t45173 l45164 ls1418">shares </span><span class="pp-class-182 pa t45173 l45174 ls117">diluted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45172 l44821">=</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-182 pa t45172 l44822 ls5048">Average </span><span class="pp-class-182 pa t45172 l45166">number </span><span class="pp-class-182 pa t45172 l25272">of </span><span class="pp-class-182 pa t45172 l45167 ls1418">shares </span><span class="pp-class-182 pa t45172 l45168 ls428">outstanding </span><span class="pp-class-182 pa t45172 l45175">during </span><span class="pp-class-182 pa t45172 l45176">the </span><span class="pp-class-182 pa t45173 l44822 ls1683">reporting </span><span class="pp-class-182 pa t45173 l45177">period </span><span class="pp-class-182 pa t45173 l45178">including </span><span class="pp-class-182 pa t45173 l29138 ls2432">share </span><span class="pp-class-182 pa t45173 l45179">options, </span><span class="pp-class-182 pa t45173 l45180">but </span><span class="pp-class-182 pa t45173 l45181 ls853">excluding </span><span class="pp-class-182 pa t45182 l44822 ls461">out-of-the-money </span><span class="pp-class-182 pa t45182 l45183">options </span><span class="pp-class-182 pa t45182 l45184 ls15770">measured </span><span class="pp-class-182 pa t45182 l45185 ls147">relative </span><span class="pp-class-182 pa t45182 l45186 ls1343">to </span><span class="pp-class-182 pa t45182 l45187">the </span><span class="pp-class-182 pa t45188 l44822 ls2476">average </span><span class="pp-class-182 pa t45188 l42423 ls2432">share </span><span class="pp-class-182 pa t45188 l45189 ls164">price </span><span class="pp-class-182 pa t45188 l45190 ls3681">for </span><span class="pp-class-182 pa t45188 l45191">the </span><span class="pp-class-182 pa t45188 l45192">period</span></p></td></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-179 pa t36229 l3 ls25464">Basis </span><span class="pp-class-179 pa t36229 l36230 ls2367">of </span><span class="pp-class-179 pa t36231 l3 ls36232">preparation</span></p><div class="pp-class-4" id="pp-id-4317" xmlns="http://www.w3.org/1999/xhtml"><div class="w36233 h36234 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-180 pa t36235 l3 ls3123">The </span><span class="pp-class-180 pa t36235 l36236 ls3156">2025 </span><span class="pp-class-180 pa t36235 l36237 ls29878">Annual </span><span class="pp-class-180 pa t36235 l36238 ls32486">Report </span><span class="pp-class-180 pa t36235 l36239 ls3135">of </span><span class="pp-class-180 pa t36235 l36240 ls3123">DSV </span><span class="pp-class-180 pa t36235 l36241 ls6528">A/S </span><span class="pp-class-180 pa t36235 l36242 ls3135">is </span><span class="pp-class-180 pa t36235 l36243 ls36244">prepared </span><span class="pp-class-180 pa t36245 l3 ls2263">on </span><span class="pp-class-180 pa t36245 l36246 ls2313">a </span><span class="pp-class-180 pa t36245 l36247 ls2257">going </span><span class="pp-class-180 pa t36245 l36248 ls561">concern </span><span class="pp-class-180 pa t36245 l36249 ls2257">basis </span><span class="pp-class-180 pa t36245 l36250 ls2263">in </span><span class="pp-class-180 pa t36245 l11319 ls30199">accordance </span><span class="pp-class-180 pa t36245 l36251 ls2247">with </span><span class="pp-class-180 pa t36252 l3 ls13583">the </span><span class="pp-class-180 pa t36252 l36253 ls2243">IFRS </span><span class="pp-class-180 pa t36252 l36254 ls3323">Accounting </span><span class="pp-class-180 pa t36252 l36255 ls10280">Standards </span><span class="pp-class-180 pa t36252 l36256 ls2263">as </span><span class="pp-class-180 pa t36252 l36257 ls11830">issued </span><span class="pp-class-180 pa t36252 l36258 ls2263">by </span><span class="pp-class-180 pa t36252 l36259 ls2313">the </span><span class="pp-class-180 pa t36260 l3 ls3686">International </span><span class="pp-class-180 pa t36260 l36261 ls3323">Accounting </span><span class="pp-class-180 pa t36260 l36262 ls10280">Standards </span><span class="pp-class-180 pa t36260 l36263 ls3321">Board </span><span class="pp-class-180 pa t36260 l36264 ls15855">(IASB) </span><span class="pp-class-180 pa t36265 l3 ls13583">and </span><span class="pp-class-180 pa t36265 l36266 ls2263">in </span><span class="pp-class-180 pa t36265 l36267 ls30199">accordance </span><span class="pp-class-180 pa t36265 l21880 ls2243">with </span><span class="pp-class-180 pa t36265 l15336 ls2243">IFRS </span><span class="pp-class-180 pa t36265 l36268 ls3323">Accounting </span><span class="pp-class-180 pa t36265 l36269 ls30926">Stand-</span><span class="pp-class-180 pa t36270 l3 ls22161">ards </span><span class="pp-class-180 pa t36270 l36271 ls2263">as </span><span class="pp-class-180 pa t36270 l36272 ls1160">adopted </span><span class="pp-class-180 pa t36270 l9732 ls2263">by </span><span class="pp-class-180 pa t36270 l19222 ls13583">the </span><span class="pp-class-180 pa t36270 l13999 ls745">European </span><span class="pp-class-180 pa t36270 l36273 ls2257">Union </span><span class="pp-class-180 pa t36270 l36274 ls2313">and </span><span class="pp-class-180 pa t36275 l3 ls14681">further </span><span class="pp-class-180 pa t36275 l36276 ls20961">requirements </span><span class="pp-class-180 pa t36275 l36277 ls33404">for </span><span class="pp-class-180 pa t36275 l36278 ls6607">listed </span><span class="pp-class-180 pa t36275 l36279 ls7711">companies </span><span class="pp-class-180 pa t36275 l36280 ls1853">in </span><span class="pp-class-180 pa t36281 l3 ls13583">the </span><span class="pp-class-180 pa t36281 l36253 ls2259">Danish </span><span class="pp-class-180 pa t36281 l36282 ls10409">Financial </span><span class="pp-class-180 pa t36281 l1543 ls561">Statements </span><span class="pp-class-180 pa t36281 l36283 ls3316">Act. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-180 pa t36284 l3 ls13583">The </span><span class="pp-class-180 pa t36284 l36285 ls15889">consolidated </span><span class="pp-class-180 pa t36284 l28260 ls19121">financial </span><span class="pp-class-180 pa t36284 l23317 ls3323">statements </span><span class="pp-class-180 pa t36284 l36286 ls19220">are </span><span class="pp-class-180 pa t36287 l3 ls32725">presented </span><span class="pp-class-180 pa t36287 l36288 ls2263">in </span><span class="pp-class-180 pa t36287 l36289 ls2259">Danish </span><span class="pp-class-180 pa t36287 l36290 ls7491">kroner </span><span class="pp-class-180 pa t36287 l36291 ls2257">(DKK) </span><span class="pp-class-180 pa t36287 l36292 ls13583">and </span><span class="pp-class-180 pa t36287 l36293 ls1587">rounded </span><span class="pp-class-180 pa t36294 l3 ls2401">to </span><span class="pp-class-180 pa t36294 l36295 ls13583">the </span><span class="pp-class-180 pa t36294 l36296 ls15425">nearest </span><span class="pp-class-180 pa t36294 l36297 ls7717">million.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls4852">Introduction</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525">financial </span><span class="pp-class-166 pa t3330 l11352 ls946">statements </span><span class="pp-class-166 pa t3330 l5577">of </span><span class="pp-class-166 pa t3330 l36298" xmlns="http://www.w3.org/1999/xhtml">DSV </span><span class="pp-class-166 pa t3330 l36299 ls15430" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-166 pa t3330 l9734 ls234">comprise </span><span class="pp-class-166 pa t3330 l36300">the </span><span class="pp-class-166 pa t3330 l10067 ls1119">consolidated </span><span class="pp-class-166 pa t3330 l3425">financial </span><span class="pp-class-166 pa t3338 l3 ls946">statements </span><span class="pp-class-166 pa t3338 l9047">of </span><span class="pp-class-166 pa t3338 l28093">DSV </span><span class="pp-class-166 pa t3338 l5832 ls15430">A/S </span><span class="pp-class-166 pa t3338 l36301">and </span><span class="pp-class-166 pa t3338 l36302">its </span><span class="pp-class-166 pa t3338 l36303">subsidiaries.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3360 l3" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-166 pa t3360 l1525 ls497" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-166 pa t3360 l14734" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3360 l14735 ls826" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-166 pa t3360 l14736" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3360 l1968 ls93" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-166 pa t3360 l36304 ls497" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-166 pa t3360 l36305 ls564" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-166 pa t3360 l23885" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3360 l36306 ls1528" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-166 pa t3360 l36307" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3360 l36308" xmlns="http://www.w3.org/1999/xhtml">2025 </span><span class="pp-class-166 pa t3373 l3" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3373 l225 ls226" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-166 pa t3373 l227" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3373 l9788" xmlns="http://www.w3.org/1999/xhtml">DSV </span><span class="pp-class-166 pa t3373 l36309 ls15430" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-166 pa t3373 l32884" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-166 pa t3373 l36310" xmlns="http://www.w3.org/1999/xhtml">4 </span><span class="pp-class-166 pa t3373 l14415 ls205" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-166 pa t3373 l6885" xmlns="http://www.w3.org/1999/xhtml">2026. </span><span class="pp-class-166 pa t3373 l36311" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-166 pa t3373 l36312" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3373 l36313 ls226" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-166 pa t3373 l36314" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-166 pa t3373 l36315" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-166 pa t3682 l3 ls1428" xmlns="http://www.w3.org/1999/xhtml">submitted </span><span class="pp-class-166 pa t3682 l15587 ls135" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-166 pa t3682 l30749" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3682 l4237 ls2022" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-166 pa t3682 l23604" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3682 l36316" xmlns="http://www.w3.org/1999/xhtml">DSV </span><span class="pp-class-166 pa t3682 l36317 ls15430" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-166 pa t3682 l2145 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3682 l15148 ls1528" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-166 pa t3682 l36318" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-166 pa t3682 l19269" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3682 l36319" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3682 l36320 ls59" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-166 pa t3375 l3 ls428" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-166 pa t3375 l36321" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-166 pa t3375 l36322" xmlns="http://www.w3.org/1999/xhtml">19 </span><span class="pp-class-166 pa t3375 l19127 ls1346" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-166 pa t3375 l36323" xmlns="http://www.w3.org/1999/xhtml">2026.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3395 l3 ls11823">Material </span><span class="pp-class-170 pa t3395 l25746 ls5287">accounting </span><span class="pp-class-170 pa t3395 l36324 ls6341">policy </span><span class="pp-class-170 pa t3395 l36325 ls2605">information</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3406 l3">The </span><span class="pp-class-166 pa t3406 l1525">financial </span><span class="pp-class-166 pa t3406 l11352 ls946">statements </span><span class="pp-class-166 pa t3406 l5577 ls228">are </span><span class="pp-class-166 pa t3406 l3486 ls3238">prepared </span><span class="pp-class-166 pa t3406 l8815">under </span><span class="pp-class-166 pa t3406 l32410">the </span><span class="pp-class-166 pa t3406 l15203 ls164">historical </span><span class="pp-class-166 pa t3406 l36326 ls3490">cost </span><span class="pp-class-166 pa t3406 l36327 ls977">convention </span><span class="pp-class-166 pa t3722 l3">with </span><span class="pp-class-166 pa t3722 l3388">the </span><span class="pp-class-166 pa t3722 l5111 ls3490">exception </span><span class="pp-class-166 pa t3722 l33509">of </span><span class="pp-class-166 pa t3722 l30667 ls158">derivative </span><span class="pp-class-166 pa t3722 l36328">financial </span><span class="pp-class-166 pa t3722 l36329 ls455">instruments, </span><span class="pp-class-166 pa t3722 l22122">which </span><span class="pp-class-166 pa t3722 l10069 ls228">are </span><span class="pp-class-166 pa t3722 l36330 ls1528">measured </span><span class="pp-class-166 pa t3722 l36331">at </span><span class="pp-class-166 pa t3728 l3 ls2307">fair </span><span class="pp-class-166 pa t3728 l36332 ls239">value. </span><span class="pp-class-166 pa t3728 l36333 ls946">Non-current </span><span class="pp-class-166 pa t3728 l34104 ls4053">assets </span><span class="pp-class-166 pa t3728 l1672">held </span><span class="pp-class-166 pa t3728 l36334 ls228">for </span><span class="pp-class-166 pa t3728 l10306">sale </span><span class="pp-class-166 pa t3728 l36335 ls228">are </span><span class="pp-class-166 pa t3728 l36336 ls1528">measured </span><span class="pp-class-166 pa t3728 l16066">at </span><span class="pp-class-166 pa t3728 l36337">the </span><span class="pp-class-166 pa t3728 l36338 ls189">lower </span><span class="pp-class-166 pa t3728 l36339">of </span><span class="pp-class-166 pa t3728 l36340">their </span><span class="pp-class-166 pa t3417 l3 ls205">carrying </span><span class="pp-class-166 pa t3417 l36341">amount </span><span class="pp-class-166 pa t3417 l4946">and </span><span class="pp-class-166 pa t3417 l32354 ls2307">fair </span><span class="pp-class-166 pa t3417 l28768 ls101">value </span><span class="pp-class-166 pa t3417 l22119 ls48">less </span><span class="pp-class-166 pa t3417 l2488 ls1129">costs </span><span class="pp-class-166 pa t3417 l23477 ls135">to </span><span class="pp-class-166 pa t3417 l36342">sell. </span><span class="pp-class-166 pa t3417 l36343">The </span><span class="pp-class-166 pa t3417 l36344 ls946">accounting </span><span class="pp-class-166 pa t3417 l36345">policies </span><span class="pp-class-166 pa t3417 l36346">de-</span><span class="pp-class-166 pa t3427 l3">scribed </span><span class="pp-class-166 pa t3427 l13561">in </span><span class="pp-class-166 pa t3427 l2654">the </span><span class="pp-class-166 pa t3427 l26182 ls1115">notes </span><span class="pp-class-166 pa t3427 l36347 ls135">to </span><span class="pp-class-166 pa t3427 l6342">the </span><span class="pp-class-166 pa t3427 l36348 ls1119">consolidated </span><span class="pp-class-166 pa t3427 l36349">financial </span><span class="pp-class-166 pa t3427 l36350 ls946">statements </span><span class="pp-class-166 pa t3427 l13783 ls48">have </span><span class="pp-class-166 pa t3427 l12625">been </span><span class="pp-class-166 pa t3427 l29354">applied </span><span class="pp-class-166 pa t3439 l3 ls851">consistently </span><span class="pp-class-166 pa t3439 l36351 ls228">for </span><span class="pp-class-166 pa t3439 l36352">the </span><span class="pp-class-166 pa t3439 l36353">financial </span><span class="pp-class-166 pa t3439 l36354 ls48">year </span><span class="pp-class-166 pa t3439 l5311">and </span><span class="pp-class-166 pa t3439 l36355 ls228">for </span><span class="pp-class-166 pa t3439 l36356">the </span><span class="pp-class-166 pa t3439 l5707 ls211">comparative </span><span class="pp-class-166 pa t3439 l36357 ls856">figures.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3466 l3 ls1180">Changes </span><span class="pp-class-170 pa t3466 l11117 ls13149">in </span><span class="pp-class-170 pa t3466 l519 ls5287">accounting </span><span class="pp-class-170 pa t3466 l36358 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3471 l3">All </span><span class="pp-class-166 pa t3471 l2312">amendments </span><span class="pp-class-166 pa t3471 l36359 ls135">to </span><span class="pp-class-166 pa t3471 l31416">the </span><span class="pp-class-166 pa t3471 l12043">IFRS </span><span class="pp-class-166 pa t3471 l36360 ls946">Accounting </span><span class="pp-class-166 pa t3471 l12898 ls1346">Standards </span><span class="pp-class-166 pa t3471 l36361 ls1900">effective </span><span class="pp-class-166 pa t3471 l9548 ls228">for </span><span class="pp-class-166 pa t3471 l36362">the </span><span class="pp-class-166 pa t3471 l20722">financial </span><span class="pp-class-166 pa t3472 l3 ls48">year </span><span class="pp-class-166 pa t3472 l14491">2025 </span><span class="pp-class-166 pa t3472 l36363 ls48">have </span><span class="pp-class-166 pa t3472 l12243">been </span><span class="pp-class-166 pa t3472 l23745 ls86">implemented </span><span class="pp-class-166 pa t3472 l13021">as </span><span class="pp-class-166 pa t3472 l36364">basis </span><span class="pp-class-166 pa t3472 l34275 ls228">for </span><span class="pp-class-166 pa t3472 l36365 ls851">preparing </span><span class="pp-class-166 pa t3472 l22306">the </span><span class="pp-class-166 pa t3472 l36366 ls1119">consolidated </span><span class="pp-class-166 pa t3484 l3">financial </span><span class="pp-class-166 pa t3484 l8394 ls946">statements </span><span class="pp-class-166 pa t3484 l13207">and </span><span class="pp-class-166 pa t3484 l14672 ls1115">notes </span><span class="pp-class-166 pa t3484 l12267 ls135">to </span><span class="pp-class-166 pa t3484 l36367">the </span><span class="pp-class-166 pa t3484 l36368">financial </span><span class="pp-class-166 pa t3484 l23196 ls946">statements.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3503 l3">None </span><span class="pp-class-166 pa t3503 l36369">of </span><span class="pp-class-166 pa t3503 l4211">the </span><span class="pp-class-166 pa t3503 l16293 ls556">implementations </span><span class="pp-class-166 pa t3503 l36370 ls48">have </span><span class="pp-class-166 pa t3503 l29159">had </span><span class="pp-class-166 pa t3503 l36371">any </span><span class="pp-class-166 pa t3503 l36372 ls234">material </span><span class="pp-class-166 pa t3503 l34247 ls1636">impact </span><span class="pp-class-166 pa t3503 l36373">on </span><span class="pp-class-166 pa t3503 l36374">the </span><span class="pp-class-166 pa t3503 l36375 ls946">statements </span><span class="pp-class-166 pa t3817 l3">or </span><span class="pp-class-166 pa t3817 l21054 ls1115">notes </span><span class="pp-class-166 pa t3817 l31349 ls564">presented. </span></p><div class="pp-class-4" id="pp-id-4319" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h3623 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t3624 l36435 ls3042">risks </span><span class="pp-class-170 pa t3624 l36436 ls13149">in </span><span class="pp-class-170 pa t3624 l36437 ls2257">the </span><span class="pp-class-170 pa t3624 l36438 ls1464">financial </span><span class="pp-class-170 pa t3624 l36439 ls3152">statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3">In </span><span class="pp-class-166 pa t3330 l1589 ls851">preparing </span><span class="pp-class-166 pa t3330 l26959">the </span><span class="pp-class-166 pa t3330 l15348 ls1119">consolidated </span><span class="pp-class-166 pa t3330 l27955">financial </span><span class="pp-class-166 pa t3330 l21541 ls189">statements, </span><span class="pp-class-166 pa t3330 l36379 ls205">Management </span><span class="pp-class-166 pa t3330 l36380 ls226">assesses </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3338 l3">how </span><span class="pp-class-166 pa t3338 l3543 ls2061">climate-related </span><span class="pp-class-166 pa t3338 l17252 ls1831">risks </span><span class="pp-class-166 pa t3338 l36440">may </span><span class="pp-class-166 pa t3338 l2546 ls2221">affect </span><span class="pp-class-166 pa t3338 l25880">the </span><span class="pp-class-166 pa t3338 l36441 ls1119">consolidated </span><span class="pp-class-166 pa t3338 l18832">financial </span><span class="pp-class-166 pa t3338 l5023 ls946">statements </span><span class="pp-class-166 pa t3348 l3">and </span><span class="pp-class-166 pa t3348 l1192">the </span><span class="pp-class-166 pa t3348 l1193 ls1528">measures </span><span class="pp-class-166 pa t3348 l36442">that </span><span class="pp-class-166 pa t3348 l12936 ls48">have </span><span class="pp-class-166 pa t3348 l36443">been, </span><span class="pp-class-166 pa t3348 l18732">or </span><span class="pp-class-166 pa t3348 l22784">will </span><span class="pp-class-166 pa t3348 l29522">be, </span><span class="pp-class-166 pa t3348 l36444">put </span><span class="pp-class-166 pa t3348 l36445">in </span><span class="pp-class-166 pa t3348 l36446 ls189">place </span><span class="pp-class-166 pa t3348 l36447 ls135">to </span><span class="pp-class-166 pa t3348 l36448 ls234">mitigate </span><span class="pp-class-166 pa t3348 l3359">them. </span><span class="pp-class-166 pa t3360 l3 ls205">Management </span><span class="pp-class-166 pa t3360 l35455 ls226">assesses </span><span class="pp-class-166 pa t3360 l21787">that </span><span class="pp-class-166 pa t3360 l36449 ls2061">climate-related </span><span class="pp-class-166 pa t3360 l13759 ls1831">risks </span><span class="pp-class-166 pa t3360 l36450">do </span><span class="pp-class-166 pa t3360 l34247 ls1528">not </span><span class="pp-class-166 pa t3360 l2977 ls48">have </span><span class="pp-class-166 pa t3360 l36451">a </span><span class="pp-class-166 pa t3360 l36452 ls226">significant </span><span class="pp-class-166 pa t3373 l3 ls1636">impact </span><span class="pp-class-166 pa t3373 l3618">on </span><span class="pp-class-166 pa t3373 l13260">the </span><span class="pp-class-166 pa t3373 l13261">2025 </span><span class="pp-class-166 pa t3373 l36453">financial </span><span class="pp-class-166 pa t3373 l433 ls189">statements. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3375 l3">While </span><span class="pp-class-166 pa t3375 l10854 ls2061">climate-related </span><span class="pp-class-166 pa t3375 l13678 ls1831">risks </span><span class="pp-class-166 pa t3375 l10227">do </span><span class="pp-class-166 pa t3375 l36454 ls1528">not </span><span class="pp-class-166 pa t3375 l10484 ls856">currently </span><span class="pp-class-166 pa t3375 l7324 ls1636">impact </span><span class="pp-class-166 pa t3375 l36455">the </span><span class="pp-class-166 pa t3375 l32597">financial </span><span class="pp-class-166 pa t3375 l36456 ls946">statements </span><span class="pp-class-166 pa t3387 l3 ls1761">significantly, </span><span class="pp-class-166 pa t3387 l10263 ls135">we </span><span class="pp-class-166 pa t3387 l21505 ls228">are </span><span class="pp-class-166 pa t3387 l1355">closely </span><span class="pp-class-166 pa t3387 l2624 ls923">monitoring </span><span class="pp-class-166 pa t3387 l36457">changes </span><span class="pp-class-166 pa t3387 l35842">and </span><span class="pp-class-166 pa t3387 l36458 ls205">developments </span><span class="pp-class-166 pa t3387 l33956">in </span><span class="pp-class-166 pa t3387 l36459">these </span><span class="pp-class-166 pa t3395 l3 ls492">risks. </span><span class="pp-class-166 pa t3395 l36460">Our </span><span class="pp-class-166 pa t3395 l36461 ls158">assessment </span><span class="pp-class-166 pa t3395 l36462">of </span><span class="pp-class-166 pa t3395 l36463 ls2061">climate-related </span><span class="pp-class-166 pa t3395 l36464 ls1831">risks </span><span class="pp-class-166 pa t3395 l36465">is </span><span class="pp-class-166 pa t3395 l36466">included </span><span class="pp-class-166 pa t3395 l36467">in </span><span class="pp-class-166 pa t3395 l36468">the </span><span class="pp-class-166 pa t3395 l36469 ls1115">notes </span><span class="pp-class-166 pa t3395 l36470 ls135">to </span><span class="pp-class-166 pa t3395 l36471">the </span><span class="pp-class-166 pa t3406 l3">financial </span><span class="pp-class-166 pa t3406 l8394 ls946">statements </span><span class="pp-class-166 pa t3406 l13207 ls267">regarding </span><span class="pp-class-166 pa t3406 l36472">the </span><span class="pp-class-166 pa t3406 l19418">financial </span><span class="pp-class-166 pa t3406 l36473 ls1122">statement </span><span class="pp-class-166 pa t3406 l36474 ls189">items </span><span class="pp-class-166 pa t3406 l7415">that </span><span class="pp-class-166 pa t3406 l36475 ls228">are </span><span class="pp-class-166 pa t3406 l36476 ls226">assessed </span><span class="pp-class-166 pa t3722 l3 ls135">to </span><span class="pp-class-166 pa t3722 l2457">be </span><span class="pp-class-166 pa t3722 l36477 ls1119">potentially </span><span class="pp-class-166 pa t3722 l5923 ls1849">exposed </span><span class="pp-class-166 pa t3722 l26883 ls135">to </span><span class="pp-class-166 pa t3722 l36478 ls2061">climate-related </span><span class="pp-class-166 pa t3722 l32222 ls1831">risks </span><span class="pp-class-166 pa t3722 l36479">in </span><span class="pp-class-166 pa t3722 l26353">the </span><span class="pp-class-166 pa t3722 l36480 ls856">future. </span><span class="pp-class-166 pa t3417 l3">These </span><span class="pp-class-166 pa t3417 l5053 ls228">are:</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3427 l3">• </span><span class="pp-class-166 pa t3427 l4255 ls166">Impairment </span><span class="pp-class-166 pa t3427 l36481 ls59">testing </span><span class="pp-class-166 pa t3427 l36482">(</span><span class="pp-class-171 pa t3427 l36483 ls7025">note </span><span class="pp-class-171 pa t3427 l36484 ls2275">3.1</span><span class="pp-class-166 pa t3427 l36485">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">• </span><span class="pp-class-166 pa t3439 l4255 ls218">Property, </span><span class="pp-class-166 pa t3439 l36486">plant </span><span class="pp-class-166 pa t3439 l36487 ls166">and </span><span class="pp-class-166 pa t3439 l36488">equipment </span><span class="pp-class-166 pa t3439 l36489">(</span><span class="pp-class-171 pa t3439 l36490 ls7025">note </span><span class="pp-class-171 pa t3439 l36491 ls2275">3.3</span><span class="pp-class-166 pa t3439 l36492">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3466 l3 ls1462">Basis </span><span class="pp-class-170 pa t3466 l36493 ls13149">of </span><span class="pp-class-170 pa t3466 l8759 ls5682">consolidation</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3471 l3">The </span><span class="pp-class-166 pa t3471 l1525 ls1119">consolidated </span><span class="pp-class-166 pa t3471 l6221">financial </span><span class="pp-class-166 pa t3471 l35456 ls946">statements </span><span class="pp-class-166 pa t3471 l8815">include </span><span class="pp-class-166 pa t3471 l36494">the </span><span class="pp-class-166 pa t3471 l26035 ls6394">Parent </span><span class="pp-class-166 pa t3471 l8949 ls461">Company </span><span class="pp-class-166 pa t3471 l36495">(DSV </span><span class="pp-class-166 pa t3471 l36496 ls22044">A/S) </span><span class="pp-class-166 pa t3472 l3">and </span><span class="pp-class-166 pa t3472 l1192">all </span><span class="pp-class-166 pa t3472 l33602">subsidiaries </span><span class="pp-class-166 pa t3472 l36497 ls48">over </span><span class="pp-class-166 pa t3472 l36498">which </span><span class="pp-class-166 pa t3472 l36499">DSV </span><span class="pp-class-166 pa t3472 l26050 ls15430">A/S </span><span class="pp-class-166 pa t3472 l36500 ls1766">exercises </span><span class="pp-class-166 pa t3472 l36501 ls265">control. </span><span class="pp-class-166 pa t3472 l3020" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3472 l36502 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3472 l36503" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3484 l3" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3484 l1913 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3484 l36504" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3484 l25186" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l5832 ls1766" xmlns="http://www.w3.org/1999/xhtml">control </span><span class="pp-class-166 pa t3484 l36505 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3484 l36506 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3484 l36507 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3484 l36508" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3484 l36509" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l36510 ls1528" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-166 pa t3484 l6348" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3484 l36511 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3493 l3" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3493 l36512" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36513 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3493 l36514 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span><span class="pp-class-166 pa t3493 l36515" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3493 l36516 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3493 l36517 ls166" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3493 l36518" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36519 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3493 l36520" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3493 l36521 ls226" xmlns="http://www.w3.org/1999/xhtml">significant </span><span class="pp-class-166 pa t3493 l36522 ls1428" xmlns="http://www.w3.org/1999/xhtml">influence </span><span class="pp-class-166 pa t3503 l3 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3503 l2357 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3503 l36523 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3503 l33941" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3503 l30024 ls977" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-166 pa t3503 l7563" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3503 l14765 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3503 l5669" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3503 l12967" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3503 l36524 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3503 l36525 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3511 l3">The </span><span class="pp-class-166 pa t3511 l1525 ls1119">consolidated </span><span class="pp-class-166 pa t3511 l6221">financial </span><span class="pp-class-166 pa t3511 l35456 ls946">statements </span><span class="pp-class-166 pa t3511 l8815 ls228">are </span><span class="pp-class-166 pa t3511 l8816 ls3238">prepared </span><span class="pp-class-166 pa t3511 l36526">based </span><span class="pp-class-166 pa t3511 l36527">on </span><span class="pp-class-166 pa t3511 l36528 ls856">uniform </span><span class="pp-class-166 pa t3511 l36529 ls614">account-</span><span class="pp-class-166 pa t3522 l3">ing </span><span class="pp-class-166 pa t3522 l2182">policies </span><span class="pp-class-166 pa t3522 l36530">in </span><span class="pp-class-166 pa t3522 l892">all </span><span class="pp-class-166 pa t3522 l13677 ls497">Group </span><span class="pp-class-166 pa t3522 l1592">entities. </span><span class="pp-class-166 pa t3522 l6019 ls158">Consolidation </span><span class="pp-class-166 pa t3522 l15452">of </span><span class="pp-class-166 pa t3522 l36531 ls497">Group </span><span class="pp-class-166 pa t3522 l6249">entities </span><span class="pp-class-166 pa t3522 l36532">is </span><span class="pp-class-166 pa t3522 l36533 ls428">performed </span><span class="pp-class-166 pa t3532 l3 ls101">after </span><span class="pp-class-166 pa t3532 l4028">elimination </span><span class="pp-class-166 pa t3532 l18910">of </span><span class="pp-class-166 pa t3532 l16140">all </span><span class="pp-class-166 pa t3532 l36309 ls614">intra-group </span><span class="pp-class-166 pa t3532 l36534 ls750">transactions, </span><span class="pp-class-166 pa t3532 l36535 ls1428">balances, </span><span class="pp-class-166 pa t3532 l36536 ls740">income </span><span class="pp-class-166 pa t3532 l36537">and </span><span class="pp-class-166 pa t3532 l36538 ls1683">expenses.</span></p></div></div><div class="pp-class-4" id="pp-id-4321" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36539 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3 ls1115">Group </span><span class="pp-class-172 pa t3624 l36540 ls1428">composition</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525 ls497">Group </span><span class="pp-class-166 pa t3330 l36541">held </span><span class="pp-class-166 pa t3330 l36542 ls921">interests </span><span class="pp-class-166 pa t3330 l36543">in </span><span class="pp-class-166 pa t3330 l12354">598 </span><span class="pp-class-166 pa t3330 l10880">entities </span><span class="pp-class-166 pa t3330 l36544">(2024: </span><span class="pp-class-166 pa t3330 l36545">428 </span><span class="pp-class-166 pa t3330 l36546">entities) </span><span class="pp-class-166 pa t3330 l36547">and </span><span class="pp-class-166 pa t3330 l36548">is </span><span class="pp-class-166 pa t3330 l36549 ls234">composed </span><span class="pp-class-166 pa t3338 l3">as </span><span class="pp-class-166 pa t3338 l2424 ls455">follows:</span></p></div></div><div id="pp-id-4322" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36550 pa t2 l3 wtro4 xx3195 tro6 xx3196"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l3 ls1498">Entities </span><span class="pp-class-170 pa t36551 l36552 ls1853">2025</span><span class="pp-class-166 pa t36553 l3">(Number)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l36554 ls189">Region</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36555 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l36557">Middle </span><span class="pp-class-166 pa t36551 l36558 ls1122">East </span><span class="pp-class-166 pa t36551 l36559">and </span><span class="pp-class-166 pa t36553 l36560 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36561 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l36562 ls2050">Asia </span><span class="pp-class-166 pa t36553 l36563 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36564 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l3">Subsidiaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36566">276</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36567">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36568">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36569">130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l28132">580</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l3">Joint </span><span class="pp-class-166 pa t36570 l36571 ls1410">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36572">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36575">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l3 ls2221">Associates</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36577">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36578">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l28210">17</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36579 l3 ls1498">Entities </span><span class="pp-class-170 pa t36579 l36552 ls1853">2024</span><span class="pp-class-166 pa t36580 l3">(Number)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36555 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36581 l36557">Middle </span><span class="pp-class-166 pa t36579 l36558 ls1122">East </span><span class="pp-class-166 pa t36579 l36559">and </span><span class="pp-class-166 pa t36580 l36560 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36561 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36579 l36562 ls2050">Asia </span><span class="pp-class-166 pa t36580 l36563 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36564 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l3">Subsidiaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36566">184</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36583">85</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36568">59</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36584">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l28132">423</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l3">Joint </span><span class="pp-class-166 pa t36585 l36571 ls1410">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36572">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36575">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l3 ls2221">Associates</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36587">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36578">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l28532">4</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4323" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h7399 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls3323">Foreign </span><span class="pp-class-170 pa t3624 l2631 ls19220">currency</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3338 l3 ls1831">Functional </span><span class="pp-class-172 pa t3338 l32292 ls59">currency</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3348 l3">A </span><span class="pp-class-166 pa t3348 l454 ls3593">functional </span><span class="pp-class-166 pa t3348 l31705 ls1849">currency </span><span class="pp-class-166 pa t3348 l36588">is </span><span class="pp-class-166 pa t3348 l1918 ls2022">determined </span><span class="pp-class-166 pa t3348 l36589 ls228">for </span><span class="pp-class-166 pa t3348 l36590 ls48">each </span><span class="pp-class-166 pa t3348 l26873 ls497">Group </span><span class="pp-class-166 pa t3348 l20002 ls428">entity. </span><span class="pp-class-166 pa t3348 l2007">The </span><span class="pp-class-166 pa t3348 l7131 ls3593">functional </span><span class="pp-class-166 pa t3360 l3 ls1849">currency </span><span class="pp-class-166 pa t3360 l36591">is </span><span class="pp-class-166 pa t3360 l35431">the </span><span class="pp-class-166 pa t3360 l13773 ls1849">currency </span><span class="pp-class-166 pa t3360 l26414">used </span><span class="pp-class-166 pa t3360 l9473">in </span><span class="pp-class-166 pa t3360 l36592">the </span><span class="pp-class-166 pa t3360 l31119 ls1915">primary </span><span class="pp-class-166 pa t3360 l21412">financial </span><span class="pp-class-166 pa t3360 l36593 ls740">environment </span><span class="pp-class-166 pa t3360 l36375">in </span><span class="pp-class-166 pa t3360 l36594">which </span><span class="pp-class-166 pa t3373 l3">the </span><span class="pp-class-166 pa t3373 l1913">individual </span><span class="pp-class-166 pa t3373 l20802 ls497">Group </span><span class="pp-class-166 pa t3373 l2151 ls1701">entity </span><span class="pp-class-166 pa t3373 l19465 ls3962">operates.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3375 l3 ls4013">Foreign </span><span class="pp-class-172 pa t3375 l8800 ls740">currency </span><span class="pp-class-172 pa t3375 l14189 ls187">translation</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3">On </span><span class="pp-class-166 pa t3387 l9340">initial </span><span class="pp-class-166 pa t3387 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3387 l36596 ls228">foreign </span><span class="pp-class-166 pa t3387 l36597 ls1849">currency </span><span class="pp-class-166 pa t3387 l30941 ls750">transactions </span><span class="pp-class-166 pa t3387 l13362 ls228">are </span><span class="pp-class-166 pa t3387 l36598 ls1528">translated </span><span class="pp-class-166 pa t3387 l36599 ls1122">into </span><span class="pp-class-166 pa t3387 l36600">the </span><span class="pp-class-166 pa t3395 l3 ls3593">functional </span><span class="pp-class-166 pa t3395 l36601 ls1849">currency </span><span class="pp-class-166 pa t3395 l36602">at </span><span class="pp-class-166 pa t3395 l15571">the </span><span class="pp-class-166 pa t3395 l36603 ls851">exchange </span><span class="pp-class-166 pa t3395 l15589 ls5905">rate </span><span class="pp-class-166 pa t3395 l19964">at </span><span class="pp-class-166 pa t3395 l36604">the </span><span class="pp-class-166 pa t3395 l36605 ls750">transaction </span><span class="pp-class-166 pa t3395 l36606 ls740">dates. </span><span class="pp-class-166 pa t3395 l36607 ls2870">Foreign </span><span class="pp-class-166 pa t3406 l3 ls1849">currency </span><span class="pp-class-166 pa t3406 l36591 ls977">translation </span><span class="pp-class-166 pa t3406 l36608 ls52">differences </span><span class="pp-class-166 pa t3406 l36609 ls946">between </span><span class="pp-class-166 pa t3406 l36610">the </span><span class="pp-class-166 pa t3406 l36611 ls851">exchange </span><span class="pp-class-166 pa t3406 l23896 ls54">rates </span><span class="pp-class-166 pa t3406 l36612">at </span><span class="pp-class-166 pa t3406 l2180">the </span><span class="pp-class-166 pa t3406 l32589 ls750">transaction </span><span class="pp-class-166 pa t3722 l3 ls1122">date </span><span class="pp-class-166 pa t3722 l36613">and </span><span class="pp-class-166 pa t3722 l20762">the </span><span class="pp-class-166 pa t3722 l1735 ls1122">date </span><span class="pp-class-166 pa t3722 l13312">of </span><span class="pp-class-166 pa t3722 l36614">payment </span><span class="pp-class-166 pa t3722 l3723 ls228">are </span><span class="pp-class-166 pa t3722 l36615 ls564">recognised </span><span class="pp-class-166 pa t3722 l36616">in </span><span class="pp-class-166 pa t3722 l9475">the </span><span class="pp-class-166 pa t3722 l15222 ls1122">statement </span><span class="pp-class-166 pa t3722 l36617">of </span><span class="pp-class-166 pa t3722 l36618 ls564">profit </span><span class="pp-class-166 pa t3722 l36619">or </span><span class="pp-class-166 pa t3722 l36620 ls48">loss </span><span class="pp-class-166 pa t3728 l3">under </span><span class="pp-class-166 pa t3728 l2687">financial </span><span class="pp-class-166 pa t3728 l36621 ls740">items. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3427 l3 ls7127">Monetary </span><span class="pp-class-166 pa t3427 l36622 ls1165">items </span><span class="pp-class-166 pa t3427 l31443 ls2289">denominated </span><span class="pp-class-166 pa t3427 l36623 ls2275">in </span><span class="pp-class-166 pa t3427 l11469 ls1853">a </span><span class="pp-class-166 pa t3427 l36624 ls13641">foreign </span><span class="pp-class-166 pa t3427 l36625 ls2289">currency </span><span class="pp-class-166 pa t3427 l27025 ls5278">are </span><span class="pp-class-166 pa t3427 l9353 ls10428">translated </span><span class="pp-class-166 pa t3427 l20077 ls2275">at </span><span class="pp-class-166 pa t3427 l36626 ls2313">the </span><span class="pp-class-166 pa t3427 l22115 ls28776">exchange </span><span class="pp-class-166 pa t3439 l3 ls1466">rate </span><span class="pp-class-166 pa t3439 l11709 ls848">at </span><span class="pp-class-166 pa t3439 l29978 ls2245">the </span><span class="pp-class-166 pa t3439 l27750 ls22539">reporting </span><span class="pp-class-166 pa t3439 l36627 ls15276">date. </span><span class="pp-class-166 pa t3439 l36628 ls2245">The </span><span class="pp-class-166 pa t3439 l36629 ls749">difference </span><span class="pp-class-166 pa t3439 l36630 ls1464">between </span><span class="pp-class-166 pa t3439 l6747 ls2245">the </span><span class="pp-class-166 pa t3439 l36631 ls1587">exchange </span><span class="pp-class-166 pa t3439 l36632 ls1466">rate </span><span class="pp-class-166 pa t3439 l23329 ls848">at </span><span class="pp-class-166 pa t3439 l36633 ls2245">the </span><span class="pp-class-166 pa t3439 l36634 ls3050">report-</span><span class="pp-class-166 pa t3451 l3 ls1853">ing </span><span class="pp-class-166 pa t3451 l6976 ls129">date </span><span class="pp-class-166 pa t3451 l14436 ls1853">and </span><span class="pp-class-166 pa t3451 l5712 ls1853">the </span><span class="pp-class-166 pa t3451 l36635 ls5048">transaction </span><span class="pp-class-166 pa t3451 l36636 ls129">date </span><span class="pp-class-166 pa t3451 l14702 ls1866">or </span><span class="pp-class-166 pa t3451 l36637 ls1853">the </span><span class="pp-class-166 pa t3451 l36638 ls1855">exchange </span><span class="pp-class-166 pa t3451 l32163 ls8712">rate </span><span class="pp-class-166 pa t3451 l4443 ls2690">used </span><span class="pp-class-166 pa t3451 l27197 ls1866">in </span><span class="pp-class-166 pa t3451 l13339 ls1853">the </span><span class="pp-class-166 pa t3451 l15593 ls6383">latest </span><span class="pp-class-166 pa t3451 l36639 ls2690">financial </span><span class="pp-class-166 pa t3466 l3 ls2836">statements </span><span class="pp-class-166 pa t3466 l14203 ls2540">is </span><span class="pp-class-166 pa t3466 l2662 ls115">recognised </span><span class="pp-class-166 pa t3466 l31541 ls2540">in </span><span class="pp-class-166 pa t3466 l36640 ls1528">the </span><span class="pp-class-166 pa t3466 l36641 ls1319">statement </span><span class="pp-class-166 pa t3466 l36642 ls2540">of </span><span class="pp-class-166 pa t3466 l36643 ls1402">profit </span><span class="pp-class-166 pa t3466 l27927 ls2540">or </span><span class="pp-class-166 pa t3466 l20791 ls3490">loss </span><span class="pp-class-166 pa t3466 l36644 ls2061">under </span><span class="pp-class-166 pa t3466 l36645 ls614">financial </span><span class="pp-class-166 pa t3466 l23482 ls1766">items. </span></p></div></div><div class="pp-class-4" id="pp-id-4324" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36646 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36647 l3 ls2870">Foreign </span><span class="pp-class-166 pa t36647 l33567 ls1849">currency </span><span class="pp-class-166 pa t36647 l21954 ls977">translation </span><span class="pp-class-166 pa t36647 l31024 ls52">differences </span><span class="pp-class-166 pa t36647 l36648">arising </span><span class="pp-class-166 pa t36647 l3916">on </span><span class="pp-class-166 pa t36647 l28646">the </span><span class="pp-class-166 pa t36647 l36649 ls977">translation </span><span class="pp-class-166 pa t36647 l36650">of </span><span class="pp-class-166 pa t36647 l36651">non-mon-</span><span class="pp-class-166 pa t36652 l3 ls149">etary </span><span class="pp-class-166 pa t36652 l23613 ls740">items, </span><span class="pp-class-166 pa t36652 l36653">such </span><span class="pp-class-166 pa t36652 l20644">as </span><span class="pp-class-166 pa t36652 l36654 ls226">investments </span><span class="pp-class-166 pa t36652 l36655">in </span><span class="pp-class-166 pa t36652 l36656 ls1761">associates, </span><span class="pp-class-166 pa t36652 l36657 ls228">are </span><span class="pp-class-166 pa t36652 l36658 ls564">recognised </span><span class="pp-class-166 pa t36652 l36659 ls461">directly </span><span class="pp-class-166 pa t36652 l36660">in </span><span class="pp-class-166 pa t36652 l36661 ls75">other </span><span class="pp-class-166 pa t36662 l3 ls495">comprehensive </span><span class="pp-class-166 pa t36662 l26876 ls740">income.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36663 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36664 l3 ls2540">Recognition </span><span class="pp-class-172 pa t36664 l36665">in </span><span class="pp-class-172 pa t36664 l36666">the </span><span class="pp-class-172 pa t36664 l36667 ls2476">consolidated </span><span class="pp-class-172 pa t36664 l36668">financial </span><span class="pp-class-172 pa t36664 l36669 ls1122">statements </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36670 l3">When </span><span class="pp-class-166 pa t36670 l4926 ls851">preparing </span><span class="pp-class-166 pa t36670 l36671">the </span><span class="pp-class-166 pa t36670 l36672 ls1119">consolidated </span><span class="pp-class-166 pa t36670 l36673">financial </span><span class="pp-class-166 pa t36670 l19891 ls189">statements, </span><span class="pp-class-166 pa t36670 l20196">the </span><span class="pp-class-166 pa t36670 l36674 ls1122">statement </span><span class="pp-class-166 pa t36670 l26158">of </span><span class="pp-class-166 pa t36670 l36675 ls564">profit </span><span class="pp-class-166 pa t36676 l3">or </span><span class="pp-class-166 pa t36676 l21054 ls48">loss </span><span class="pp-class-166 pa t36676 l36677">of </span><span class="pp-class-166 pa t36676 l11153">entities </span><span class="pp-class-166 pa t36676 l16036">with </span><span class="pp-class-166 pa t36676 l28623">a </span><span class="pp-class-166 pa t36676 l31790 ls3593">functional </span><span class="pp-class-166 pa t36676 l16202 ls1849">currency </span><span class="pp-class-166 pa t36676 l36678 ls75">other </span><span class="pp-class-166 pa t36676 l25934">than </span><span class="pp-class-166 pa t36676 l36679">DKK </span><span class="pp-class-166 pa t36676 l36680 ls228">are </span><span class="pp-class-166 pa t36676 l36681 ls1528">translated </span><span class="pp-class-166 pa t36676 l36682">at </span><span class="pp-class-166 pa t36683 l3">the </span><span class="pp-class-166 pa t36683 l1913 ls946">average </span><span class="pp-class-166 pa t36683 l36684 ls851">exchange </span><span class="pp-class-166 pa t36683 l20208 ls5905">rate </span><span class="pp-class-166 pa t36683 l23931 ls228">for </span><span class="pp-class-166 pa t36683 l36685">the </span><span class="pp-class-166 pa t36683 l34039">period, </span><span class="pp-class-166 pa t36683 l14872">and </span><span class="pp-class-166 pa t36683 l8596 ls1122">statement </span><span class="pp-class-166 pa t36683 l36686">of </span><span class="pp-class-166 pa t36683 l36687">financial </span><span class="pp-class-166 pa t36683 l36688">position </span><span class="pp-class-166 pa t36689 l3 ls189">items </span><span class="pp-class-166 pa t36689 l36690 ls228">are </span><span class="pp-class-166 pa t36689 l20242 ls1528">translated </span><span class="pp-class-166 pa t36689 l36672">at </span><span class="pp-class-166 pa t36689 l12339">the </span><span class="pp-class-166 pa t36689 l36691">closing </span><span class="pp-class-166 pa t36689 l12654 ls5905">rate </span><span class="pp-class-166 pa t36689 l10294">at </span><span class="pp-class-166 pa t36689 l3082">the </span><span class="pp-class-166 pa t36689 l36692">end </span><span class="pp-class-166 pa t36689 l36693">of </span><span class="pp-class-166 pa t36689 l15433">the </span><span class="pp-class-166 pa t36689 l36694 ls1428">reporting </span><span class="pp-class-166 pa t36689 l36695">period.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36696 l3 ls5278">Foreign </span><span class="pp-class-166 pa t36696 l36697 ls7719">exchange </span><span class="pp-class-166 pa t36696 l23377 ls23000">differences </span><span class="pp-class-166 pa t36696 l36698 ls6530">arising </span><span class="pp-class-166 pa t36696 l36699 ls2275">on </span><span class="pp-class-166 pa t36696 l36700 ls7116">translation </span><span class="pp-class-166 pa t36696 l36701 ls2275">of </span><span class="pp-class-166 pa t36696 l6209 ls2313">the </span><span class="pp-class-166 pa t36696 l36702 ls23013">equity </span><span class="pp-class-166 pa t36696 l36703 ls2275">of </span><span class="pp-class-166 pa t36696 l15212 ls13641">foreign </span><span class="pp-class-166 pa t36696 l36704 ls6991">entities </span><span class="pp-class-166 pa t36705 l3 ls2313">and </span><span class="pp-class-166 pa t36705 l26644 ls2275">on </span><span class="pp-class-166 pa t36705 l5180 ls7116">translation </span><span class="pp-class-166 pa t36705 l13755 ls2275">of </span><span class="pp-class-166 pa t36705 l36706 ls25064">receivables </span><span class="pp-class-166 pa t36705 l2284 ls25064">considered </span><span class="pp-class-166 pa t36705 l32420 ls3187">part </span><span class="pp-class-166 pa t36705 l36707 ls2275">of </span><span class="pp-class-166 pa t36705 l36708 ls13624">net </span><span class="pp-class-166 pa t36705 l36709 ls2986">investment </span><span class="pp-class-166 pa t36705 l36710 ls5278">are </span><span class="pp-class-166 pa t36705 l36711 ls7139">recognised </span><span class="pp-class-166 pa t36712 l3 ls33411">directly </span><span class="pp-class-166 pa t36712 l36713 ls13149">in </span><span class="pp-class-166 pa t36712 l36714 ls263">other </span><span class="pp-class-166 pa t36712 l2970 ls696">comprehensive </span><span class="pp-class-166 pa t36712 l26936 ls30686">income. </span><span class="pp-class-166 pa t36712 l36715 ls22724">Foreign </span><span class="pp-class-166 pa t36712 l36716 ls2412">exchange </span><span class="pp-class-166 pa t36712 l36717 ls6595">differences </span><span class="pp-class-166 pa t36712 l36718 ls1180">arising </span><span class="pp-class-166 pa t36712 l36719 ls13149">on </span><span class="pp-class-166 pa t36712 l36720 ls2321">the </span><span class="pp-class-166 pa t36721 l3 ls11697">translation </span><span class="pp-class-166 pa t36721 l1653 ls1866">of </span><span class="pp-class-166 pa t36721 l13356 ls4132">statement </span><span class="pp-class-166 pa t36721 l14540 ls1866">of </span><span class="pp-class-166 pa t36721 l36722 ls1186">profit </span><span class="pp-class-166 pa t36721 l3382 ls1866">or </span><span class="pp-class-166 pa t36721 l36723 ls83">loss </span><span class="pp-class-166 pa t36721 l16282 ls2353">from </span><span class="pp-class-166 pa t36721 l5478 ls1853">the </span><span class="pp-class-166 pa t36721 l36724 ls1855">average </span><span class="pp-class-166 pa t36721 l12759 ls1855">exchange </span><span class="pp-class-166 pa t36721 l3012 ls8712">rate </span><span class="pp-class-166 pa t36721 l36725 ls2289">for </span><span class="pp-class-166 pa t36721 l36726 ls2307">the </span><span class="pp-class-166 pa t36727 l3 ls2315">period </span><span class="pp-class-166 pa t36727 l27729 ls2267">to </span><span class="pp-class-166 pa t36727 l9486 ls2313">the </span><span class="pp-class-166 pa t36727 l24544 ls7719">exchange </span><span class="pp-class-166 pa t36727 l18082 ls2255">rate </span><span class="pp-class-166 pa t36727 l10227 ls2275">at </span><span class="pp-class-166 pa t36727 l16132 ls2313">the </span><span class="pp-class-166 pa t36727 l12144 ls14689">reporting </span><span class="pp-class-166 pa t36727 l34040 ls1176">date </span><span class="pp-class-166 pa t36727 l36728 ls5278">are </span><span class="pp-class-166 pa t36727 l19023 ls25064">recognised </span><span class="pp-class-166 pa t36727 l36729 ls2275">in </span><span class="pp-class-166 pa t36727 l36730 ls2263">other </span><span class="pp-class-166 pa t36727 l36731 ls2265">compre-</span><span class="pp-class-166 pa t36732 l3 ls6523">hensive </span><span class="pp-class-166 pa t36732 l5488 ls2278">income. </span><span class="pp-class-166 pa t36732 l28509 ls2257">Adjustments </span><span class="pp-class-166 pa t36732 l36733 ls4852">are </span><span class="pp-class-166 pa t36732 l18836 ls19220">presented </span><span class="pp-class-166 pa t36732 l36734 ls2261">within </span><span class="pp-class-166 pa t36732 l36735 ls2263">the </span><span class="pp-class-166 pa t36732 l36736 ls19121">translation </span><span class="pp-class-166 pa t36732 l10940 ls2269">reserve </span><span class="pp-class-166 pa t36732 l36737 ls2273">in </span><span class="pp-class-166 pa t36732 l36738 ls1170">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36739 l3 ls747">Presentation </span><span class="pp-class-170 pa t36739 l36740 ls13149">of </span><span class="pp-class-170 pa t36739 l36741 ls2257">the </span><span class="pp-class-170 pa t36739 l36742 ls1464">financial </span><span class="pp-class-170 pa t36739 l36743 ls3152">statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36744 l3 ls2307">Statement </span><span class="pp-class-172 pa t36744 l36745">of </span><span class="pp-class-172 pa t36744 l13838 ls234">cash </span><span class="pp-class-172 pa t36744 l36746">flows</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36747 l3">The </span><span class="pp-class-166 pa t36747 l1525 ls1122">statement </span><span class="pp-class-166 pa t36747 l2088">of </span><span class="pp-class-166 pa t36747 l36748 ls923">cash </span><span class="pp-class-166 pa t36747 l36749">flows </span><span class="pp-class-166 pa t36747 l36750">is </span><span class="pp-class-166 pa t36747 l36751 ls3238">prepared </span><span class="pp-class-166 pa t36747 l36752">using </span><span class="pp-class-166 pa t36747 l36753">the </span><span class="pp-class-166 pa t36747 l36754 ls461">indirect </span><span class="pp-class-166 pa t36747 l11005 ls93">method </span><span class="pp-class-166 pa t36747 l36176">based </span><span class="pp-class-166 pa t36747 l36755">on </span><span class="pp-class-166 pa t36756 l3 ls1217">operating </span><span class="pp-class-166 pa t36756 l17518 ls564">profit </span><span class="pp-class-166 pa t36756 l36757 ls1498">before </span><span class="pp-class-166 pa t36756 l36758 ls492">amortisation </span><span class="pp-class-166 pa t36756 l28999">and </span><span class="pp-class-166 pa t36756 l3832 ls2022">depreciation </span><span class="pp-class-166 pa t36756 l36759 ls552">(EBITDA) </span><span class="pp-class-166 pa t36756 l5837 ls1498">before </span><span class="pp-class-166 pa t36756 l36760 ls1528">special </span><span class="pp-class-166 pa t36761 l3 ls3238">items. </span><span class="pp-class-166 pa t36761 l30563 ls1528">The </span><span class="pp-class-166 pa t36761 l36762 ls1319">statement </span><span class="pp-class-166 pa t36761 l3905 ls2540">of </span><span class="pp-class-166 pa t36761 l36763 ls1343">cash </span><span class="pp-class-166 pa t36761 l12068 ls2061">flows </span><span class="pp-class-166 pa t36761 l36764 ls2708">cannot </span><span class="pp-class-166 pa t36761 l36765 ls2540">be </span><span class="pp-class-166 pa t36761 l36766 ls4405">derived </span><span class="pp-class-166 pa t36761 l7246 ls265">directly </span><span class="pp-class-166 pa t36761 l36767 ls10010">from </span><span class="pp-class-166 pa t36761 l14391">the </span><span class="pp-class-166 pa t36761 l36768 ls135">state-</span><span class="pp-class-166 pa t36769 l3">ment </span><span class="pp-class-166 pa t36769 l5719">of </span><span class="pp-class-166 pa t36769 l36770">financial </span><span class="pp-class-166 pa t36769 l11272">position </span><span class="pp-class-166 pa t36769 l36771">and </span><span class="pp-class-166 pa t36769 l6918">the </span><span class="pp-class-166 pa t36769 l36772 ls1122">statement </span><span class="pp-class-166 pa t36769 l26911">of </span><span class="pp-class-166 pa t36769 l26912 ls564">profit </span><span class="pp-class-166 pa t36769 l26121">or </span><span class="pp-class-166 pa t36769 l1991 ls48">loss.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t36773 l3">Applying </span><span class="pp-class-172 pa t36773 l23454 ls239">materiality </span><span class="pp-class-172 pa t36773 l36774">in </span><span class="pp-class-172 pa t36773 l30502">financial </span><span class="pp-class-172 pa t36773 l5467 ls234">reporting</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t36775 l3">In </span><span class="pp-class-166 pa t36775 l1589 ls851">preparing </span><span class="pp-class-166 pa t36775 l26959">the </span><span class="pp-class-166 pa t36775 l15348">financial </span><span class="pp-class-166 pa t36775 l12773 ls189">statements, </span><span class="pp-class-166 pa t36775 l8988 ls205">Management </span><span class="pp-class-166 pa t36775 l36776 ls1831">seeks </span><span class="pp-class-166 pa t36775 l36777 ls135">to </span><span class="pp-class-166 pa t36775 l36778 ls455">achieve </span><span class="pp-class-166 pa t36775 l23810">a </span><span class="pp-class-166 pa t36775 l36779">high </span><span class="pp-class-166 pa t36780 l3 ls740">information </span><span class="pp-class-166 pa t36780 l30387 ls101">value </span><span class="pp-class-166 pa t36780 l36781">by </span><span class="pp-class-166 pa t36780 l33755 ls164">presenting </span><span class="pp-class-166 pa t36780 l15200">the </span><span class="pp-class-166 pa t36780 l36782 ls740">information </span><span class="pp-class-166 pa t36780 l36783">in </span><span class="pp-class-166 pa t36780 l18959">a </span><span class="pp-class-166 pa t36780 l31289 ls1528">way </span><span class="pp-class-166 pa t36780 l36784">that </span><span class="pp-class-166 pa t36780 l36785 ls3185">supports </span><span class="pp-class-166 pa t36780 l36786">the </span><span class="pp-class-166 pa t36787 l3 ls1575">understanding </span><span class="pp-class-166 pa t36787 l36788">of </span><span class="pp-class-166 pa t36787 l10559">the </span><span class="pp-class-166 pa t36787 l36789 ls1165">Group’s </span><span class="pp-class-166 pa t36787 l21471 ls826">performance </span><span class="pp-class-166 pa t36787 l36790">in </span><span class="pp-class-166 pa t36787 l36791">the </span><span class="pp-class-166 pa t36787 l3582 ls1428">reporting </span><span class="pp-class-166 pa t36787 l36792">period. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t36793 l3">This </span><span class="pp-class-166 pa t36793 l2074 ls1617">objective </span><span class="pp-class-166 pa t36793 l5758">is </span><span class="pp-class-166 pa t36793 l791 ls394">achieved </span><span class="pp-class-166 pa t36793 l8754">by </span><span class="pp-class-166 pa t36793 l10334 ls164">presenting </span><span class="pp-class-166 pa t36793 l26970 ls2307">fair </span><span class="pp-class-166 pa t36793 l36794 ls750">transactional </span><span class="pp-class-166 pa t36793 l36795 ls740">aggregation </span><span class="pp-class-166 pa t36793 l36796 ls239">levels </span><span class="pp-class-166 pa t36793 l36797">on </span><span class="pp-class-166 pa t36798 l3 ls7717">items </span><span class="pp-class-166 pa t36798 l7619 ls2263">and </span><span class="pp-class-166 pa t36798 l4007 ls386">other </span><span class="pp-class-166 pa t36798 l36799 ls2243">financial </span><span class="pp-class-166 pa t36798 l36800 ls13641">information, </span><span class="pp-class-166 pa t36798 l36801 ls4462">emphasising </span><span class="pp-class-166 pa t36798 l36802 ls4996">information </span><span class="pp-class-166 pa t36798 l36803 ls2267">that </span><span class="pp-class-166 pa t36798 l36804 ls2273">is </span><span class="pp-class-166 pa t36798 l36805 ls10404">considered </span><span class="pp-class-166 pa t36798 l36806 ls1866">of </span><span class="pp-class-166 pa t36807 l3 ls2298">material </span><span class="pp-class-166 pa t36807 l36808 ls2672">importance </span><span class="pp-class-166 pa t36807 l36809 ls2302">to </span><span class="pp-class-166 pa t36807 l36810 ls1853">the </span><span class="pp-class-166 pa t36807 l36811 ls13149">user. </span><span class="pp-class-166 pa t36807 l13342 ls2666">Disclosures </span><span class="pp-class-166 pa t36807 l29529 ls2690">that </span><span class="pp-class-166 pa t36807 l36812 ls2289">are </span><span class="pp-class-166 pa t36807 l36813 ls13863">considered </span><span class="pp-class-166 pa t36807 l1788 ls2672">immaterial </span><span class="pp-class-166 pa t36807 l36814 ls2302">to </span><span class="pp-class-166 pa t36807 l36815 ls2307">the </span><span class="pp-class-166 pa t36816 l3 ls564">decision </span><span class="pp-class-166 pa t36816 l2075 ls1444">making </span><span class="pp-class-166 pa t36816 l33695 ls2540">of </span><span class="pp-class-166 pa t36816 l36817 ls1528">the </span><span class="pp-class-166 pa t36816 l26041 ls853">primary </span><span class="pp-class-166 pa t36816 l32856 ls2061">users </span><span class="pp-class-166 pa t36816 l36818 ls2540">of </span><span class="pp-class-166 pa t36816 l36819 ls2061">these </span><span class="pp-class-166 pa t36816 l36820 ls614">financial </span><span class="pp-class-166 pa t36816 l36821 ls2836">statements </span><span class="pp-class-166 pa t36816 l36822 ls1172">are </span><span class="pp-class-166 pa t36816 l10727 ls73">omitted.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t36823 l3 ls12989">Presentation </span><span class="pp-class-172 pa t36823 l36824">of </span><span class="pp-class-172 pa t36823 l36825">financial </span><span class="pp-class-172 pa t36823 l36826 ls1740">statement </span><span class="pp-class-172 pa t36823 l36827 ls2540">items </span><span class="pp-class-172 pa t36823 l36828">and </span><span class="pp-class-172 pa t36823 l36829 ls3238">subtotals</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t36830 l3">The </span><span class="pp-class-166 pa t36830 l1525 ls107">presentation </span><span class="pp-class-166 pa t36830 l36831">of </span><span class="pp-class-166 pa t36830 l4966">financial </span><span class="pp-class-166 pa t36830 l36832 ls1122">statement </span><span class="pp-class-166 pa t36830 l29120 ls189">items </span><span class="pp-class-166 pa t36830 l36833">and </span><span class="pp-class-166 pa t36830 l32153 ls921">subtotals </span><span class="pp-class-166 pa t36830 l36834">is </span><span class="pp-class-166 pa t36830 l36835">based </span><span class="pp-class-166 pa t36830 l9952">on </span><span class="pp-class-166 pa t36836 l3 ls3962">separate </span><span class="pp-class-166 pa t36836 l13486 ls1026">classification </span><span class="pp-class-166 pa t36836 l24817">of </span><span class="pp-class-166 pa t36836 l36837 ls234">material </span><span class="pp-class-166 pa t36836 l26503 ls564">groups </span><span class="pp-class-166 pa t36836 l36838">of </span><span class="pp-class-166 pa t36836 l36839">similar </span><span class="pp-class-166 pa t36836 l14767 ls740">items. </span></p></div></div><div class="pp-class-4" id="pp-id-4325" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36840 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t36647 l3">In </span><span class="pp-class-166 pa t36647 l1589">the </span><span class="pp-class-166 pa t36647 l2053 ls1122">statement </span><span class="pp-class-166 pa t36647 l36841">of </span><span class="pp-class-166 pa t36647 l31907 ls564">profit </span><span class="pp-class-166 pa t36647 l36842">or </span><span class="pp-class-166 pa t36647 l36843 ls101">loss, </span><span class="pp-class-166 pa t36647 l3914 ls740">income </span><span class="pp-class-166 pa t36647 l6920">and </span><span class="pp-class-166 pa t36647 l7558 ls1849">expense </span><span class="pp-class-166 pa t36647 l15555 ls189">items </span><span class="pp-class-166 pa t36647 l5914 ls228">are </span><span class="pp-class-166 pa t36647 l36844 ls205">classified </span><span class="pp-class-166 pa t36647 l36845">using </span><span class="pp-class-166 pa t36652 l3">a </span><span class="pp-class-166 pa t36652 l2592">hybrid </span><span class="pp-class-166 pa t36652 l7239 ls851">approach. </span><span class="pp-class-166 pa t36652 l9716 ls2170">To </span><span class="pp-class-166 pa t36652 l21805 ls461">best </span><span class="pp-class-166 pa t36652 l28225 ls93">reflect </span><span class="pp-class-166 pa t36652 l36846">the </span><span class="pp-class-166 pa t36652 l36355 ls564">nature </span><span class="pp-class-166 pa t36652 l36847">of </span><span class="pp-class-166 pa t36652 l9399">our </span><span class="pp-class-166 pa t36652 l23457 ls394">business, </span><span class="pp-class-166 pa t36652 l22027 ls1575">direct </span><span class="pp-class-166 pa t36652 l36848 ls1129">costs </span><span class="pp-class-166 pa t36652 l30262 ls228">are </span><span class="pp-class-166 pa t36662 l3">disclosed </span><span class="pp-class-166 pa t36662 l11986 ls152">separately, </span><span class="pp-class-166 pa t36662 l36849">while </span><span class="pp-class-166 pa t36662 l36691">the </span><span class="pp-class-166 pa t36662 l6832 ls75">other </span><span class="pp-class-166 pa t36662 l36850 ls3490">cost </span><span class="pp-class-166 pa t36662 l23396 ls189">items </span><span class="pp-class-166 pa t36662 l28346 ls228">are </span><span class="pp-class-166 pa t36662 l36851 ls205">classified </span><span class="pp-class-166 pa t36662 l36852 ls1866">according </span><span class="pp-class-166 pa t36662 l36853 ls135">to </span><span class="pp-class-166 pa t36662 l36854">the </span><span class="pp-class-166 pa t36663 l3 ls856">'nature </span><span class="pp-class-166 pa t36663 l22020">of </span><span class="pp-class-166 pa t36663 l36855 ls1683">expense' </span><span class="pp-class-166 pa t36663 l32762 ls461">method, </span><span class="pp-class-166 pa t36663 l36856">in </span><span class="pp-class-166 pa t36663 l36857 ls946">compliance </span><span class="pp-class-166 pa t36663 l15467">with </span><span class="pp-class-166 pa t36663 l36858">IAS </span><span class="pp-class-166 pa t36663 l21543">1. </span><span class="pp-class-166 pa t36663 l29330 ls1761">Furthermore, </span><span class="pp-class-166 pa t36663 l36859">the </span><span class="pp-class-166 pa t36663 l4428">use </span><span class="pp-class-166 pa t36663 l36860">of </span><span class="pp-class-166 pa t36664 l3">special </span><span class="pp-class-166 pa t36664 l1500 ls189">items </span><span class="pp-class-166 pa t36664 l1501">is </span><span class="pp-class-166 pa t36664 l36861">applied </span><span class="pp-class-166 pa t36664 l8784 ls135">to </span><span class="pp-class-166 pa t36664 l36862 ls1410">improve </span><span class="pp-class-166 pa t36664 l36863">the </span><span class="pp-class-166 pa t36664 l20662 ls117">transparency </span><span class="pp-class-166 pa t36664 l36864">and </span><span class="pp-class-166 pa t36664 l2442 ls1575">understanding </span><span class="pp-class-166 pa t36664 l36865">of </span><span class="pp-class-166 pa t36664 l36866">the </span><span class="pp-class-166 pa t36670 l3 ls1165">Group’s </span><span class="pp-class-166 pa t36670 l5922">financial </span><span class="pp-class-166 pa t36670 l6129 ls946">statements </span><span class="pp-class-166 pa t36670 l36867">by </span><span class="pp-class-166 pa t36670 l14525 ls154">separating </span><span class="pp-class-166 pa t36670 l34737">the </span><span class="pp-class-166 pa t36670 l36868 ls2487">core </span><span class="pp-class-166 pa t36670 l21725 ls826">performance </span><span class="pp-class-166 pa t36670 l30638">of </span><span class="pp-class-166 pa t36670 l36869">the </span><span class="pp-class-166 pa t36670 l36870 ls497">Group </span><span class="pp-class-166 pa t36676 l3 ls267">from </span><span class="pp-class-166 pa t36676 l2065 ls1129">exceptional </span><span class="pp-class-166 pa t36676 l36871 ls740">items. </span><span class="pp-class-166 pa t36676 l19335 ls1740">For </span><span class="pp-class-166 pa t36676 l20788">a </span><span class="pp-class-166 pa t36676 l31215">definition </span><span class="pp-class-166 pa t36676 l36872">and </span><span class="pp-class-166 pa t36676 l36873 ls946">reconciliation </span><span class="pp-class-166 pa t36676 l36874">of </span><span class="pp-class-166 pa t36676 l36875 ls497">Group </span><span class="pp-class-166 pa t36676 l36876 ls856">results </span><span class="pp-class-166 pa t36683 l3 ls1498">before </span><span class="pp-class-166 pa t36683 l8640">and </span><span class="pp-class-166 pa t36683 l10403 ls101">after </span><span class="pp-class-166 pa t36683 l36877">special </span><span class="pp-class-166 pa t36683 l36878 ls740">items, </span><span class="pp-class-166 pa t36683 l36879 ls239">please </span><span class="pp-class-166 pa t36683 l36880 ls1860">refer </span><span class="pp-class-166 pa t36683 l36881 ls135">to </span><span class="pp-class-171 pa t36683 l9938 ls7025">note </span><span class="pp-class-171 pa t36683 l36379 ls2275">2.7</span><span class="pp-class-166 pa t36683 l32215"/><span class="pp-class-166 pa t36683 l36882">Special </span><span class="pp-class-166 pa t36683 l23320 ls189">items.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36883 l3 ls2257">New </span><span class="pp-class-170 pa t36883 l36884 ls5287">accounting </span><span class="pp-class-170 pa t36883 l36885 ls10425">regulations</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36696 l3">The </span><span class="pp-class-166 pa t36696 l1525">IASB </span><span class="pp-class-166 pa t36696 l1578">has </span><span class="pp-class-166 pa t36696 l2011 ls239">issued </span><span class="pp-class-166 pa t36696 l36886">new </span><span class="pp-class-166 pa t36696 l27578 ls702">standards </span><span class="pp-class-166 pa t36696 l19397">and </span><span class="pp-class-166 pa t36696 l36887">amendments </span><span class="pp-class-166 pa t36696 l36888 ls1528">not </span><span class="pp-class-166 pa t36696 l2867 ls234">yet </span><span class="pp-class-166 pa t36696 l36889">in </span><span class="pp-class-166 pa t36696 l4964 ls2221">effect </span><span class="pp-class-166 pa t36696 l36890">or </span><span class="pp-class-166 pa t36705 l3 ls187">adopted </span><span class="pp-class-166 pa t36705 l36891">by </span><span class="pp-class-166 pa t36705 l36892">the </span><span class="pp-class-166 pa t36705 l14911">EU </span><span class="pp-class-166 pa t36705 l5256">and </span><span class="pp-class-166 pa t36705 l9356 ls96">therefore </span><span class="pp-class-166 pa t36705 l36893 ls1528">not </span><span class="pp-class-166 pa t36705 l36894 ls1528">relevant </span><span class="pp-class-166 pa t36705 l36895 ls228">for </span><span class="pp-class-166 pa t36705 l36896">the </span><span class="pp-class-166 pa t36705 l36897 ls614">preparation </span><span class="pp-class-166 pa t36705 l36898">of </span><span class="pp-class-166 pa t36705 l36899">the </span><span class="pp-class-166 pa t36705 l12279">2025 </span><span class="pp-class-166 pa t36712 l3 ls1119">consolidated </span><span class="pp-class-166 pa t36712 l6168">financial </span><span class="pp-class-166 pa t36712 l36900 ls189">statements. </span><span class="pp-class-166 pa t36712 l36901">DSV </span><span class="pp-class-166 pa t36712 l36902 ls1839">expects </span><span class="pp-class-166 pa t36712 l36903 ls135">to </span><span class="pp-class-166 pa t36712 l36904">implement </span><span class="pp-class-166 pa t36712 l36905">the </span><span class="pp-class-166 pa t36712 l36906 ls702">standards </span><span class="pp-class-166 pa t36721 l3">and </span><span class="pp-class-166 pa t36721 l1192">amendments </span><span class="pp-class-166 pa t36721 l33731">when </span><span class="pp-class-166 pa t36721 l36907 ls890">they </span><span class="pp-class-166 pa t36721 l36908 ls267">take </span><span class="pp-class-166 pa t36721 l36909 ls7791">effect. </span><span class="pp-class-166 pa t36721 l36910 ls205">Management </span><span class="pp-class-166 pa t36721 l36911 ls226">assesses </span><span class="pp-class-166 pa t36721 l36912">that </span><span class="pp-class-166 pa t36721 l36913">none </span><span class="pp-class-166 pa t36721 l36914">of </span><span class="pp-class-166 pa t36727 l3">the </span><span class="pp-class-166 pa t36727 l1913 ls239">issued </span><span class="pp-class-166 pa t36727 l36915 ls702">standards </span><span class="pp-class-166 pa t36727 l20682">and </span><span class="pp-class-166 pa t36727 l36916">amendments </span><span class="pp-class-166 pa t36727 l36917 ls1528">not </span><span class="pp-class-166 pa t36727 l16190 ls234">yet </span><span class="pp-class-166 pa t36727 l7335">in </span><span class="pp-class-166 pa t36727 l36918 ls2221">effect </span><span class="pp-class-166 pa t36727 l32422">will </span><span class="pp-class-166 pa t36727 l36919 ls158">significantly </span><span class="pp-class-166 pa t36727 l36920 ls1636">impact </span><span class="pp-class-166 pa t36732 l3">the </span><span class="pp-class-166 pa t36732 l1913 ls5508">recognition </span><span class="pp-class-166 pa t36732 l36921">and </span><span class="pp-class-166 pa t36732 l2562 ls164">measurement </span><span class="pp-class-166 pa t36732 l36922">policies </span><span class="pp-class-166 pa t36732 l36923">of </span><span class="pp-class-166 pa t36732 l11295">the </span><span class="pp-class-166 pa t36732 l36924 ls564">Group. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36739 l3">IFRS </span><span class="pp-class-172 pa t36739 l31944">18 </span><span class="pp-class-172 pa t36739 l12417 ls12989">Presentation </span><span class="pp-class-172 pa t36739 l11078">and </span><span class="pp-class-172 pa t36739 l26883 ls189">Disclosure </span><span class="pp-class-172 pa t36739 l2450">in </span><span class="pp-class-172 pa t36739 l36925 ls101">Financial </span><span class="pp-class-172 pa t36739 l36535 ls2307">Statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36926 l3">IFRS </span><span class="pp-class-166 pa t36926 l11367">18, </span><span class="pp-class-166 pa t36926 l12252">which </span><span class="pp-class-166 pa t36926 l5354 ls265">replaces </span><span class="pp-class-166 pa t36926 l7140">IAS </span><span class="pp-class-166 pa t36926 l36927">1 </span><span class="pp-class-166 pa t36926 l36928 ls3490">Presentation </span><span class="pp-class-166 pa t36926 l36929">of </span><span class="pp-class-166 pa t36926 l36930 ls394">Financial </span><span class="pp-class-166 pa t36926 l36931 ls495">Statements, </span><span class="pp-class-166 pa t36926 l36932 ls702">introduces</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36744 l3">new </span><span class="pp-class-166 pa t36744 l24006 ls107">presentation </span><span class="pp-class-166 pa t36744 l36933 ls4405">requirements </span><span class="pp-class-166 pa t36744 l29684 ls1766">related </span><span class="pp-class-166 pa t36744 l36934 ls135">to </span><span class="pp-class-166 pa t36744 l36935">the </span><span class="pp-class-166 pa t36744 l20939 ls1122">statement </span><span class="pp-class-166 pa t36744 l32341">of </span><span class="pp-class-166 pa t36744 l36936 ls564">profit </span><span class="pp-class-166 pa t36744 l36937">or </span><span class="pp-class-166 pa t36744 l36938 ls101">loss, </span><span class="pp-class-166 pa t36747 l3">including </span><span class="pp-class-166 pa t36747 l6839">new </span><span class="pp-class-166 pa t36747 l36939 ls2022">categories </span><span class="pp-class-166 pa t36747 l36940">of </span><span class="pp-class-166 pa t36747 l36941 ls740">income </span><span class="pp-class-166 pa t36747 l36942">and </span><span class="pp-class-166 pa t36747 l36943 ls1683">expenses </span><span class="pp-class-166 pa t36747 l36944">(i.e., </span><span class="pp-class-166 pa t36747 l36945 ls750">operating, </span><span class="pp-class-166 pa t36747 l36946 ls3593">financing, </span><span class="pp-class-166 pa t36756 l3 ls226">investing). </span><span class="pp-class-166 pa t36756 l36947">IFRS </span><span class="pp-class-166 pa t36756 l12485">18 </span><span class="pp-class-166 pa t36756 l36948 ls3238">requires </span><span class="pp-class-166 pa t36756 l36949 ls164">disclosure </span><span class="pp-class-166 pa t36756 l36390">of </span><span class="pp-class-166 pa t36756 l36950">management-defined </span><span class="pp-class-166 pa t36756 l16334 ls826">performance </span><span class="pp-class-166 pa t36761 l3 ls1528">measures </span><span class="pp-class-166 pa t36761 l8930">and </span><span class="pp-class-166 pa t36761 l3377">includes </span><span class="pp-class-166 pa t36761 l11119">new </span><span class="pp-class-166 pa t36761 l36951 ls4405">requirements </span><span class="pp-class-166 pa t36761 l32152 ls228">for </span><span class="pp-class-166 pa t36761 l22129">the </span><span class="pp-class-166 pa t36761 l24387 ls740">aggregation </span><span class="pp-class-166 pa t36761 l36952">and </span><span class="pp-class-166 pa t36761 l31773 ls164">disaggrega-</span><span class="pp-class-166 pa t36769 l3">tion </span><span class="pp-class-166 pa t36769 l3587">of </span><span class="pp-class-166 pa t36769 l3588">financial </span><span class="pp-class-166 pa t36769 l36953 ls2022">information. </span><span class="pp-class-166 pa t36769 l36954">In </span><span class="pp-class-166 pa t36769 l7042">addition, </span><span class="pp-class-166 pa t36769 l36955">amendments </span><span class="pp-class-166 pa t36769 l2590 ls48">have </span><span class="pp-class-166 pa t36769 l36956">been </span><span class="pp-class-166 pa t36769 l28228">made </span><span class="pp-class-166 pa t36769 l36957 ls135">to </span><span class="pp-class-166 pa t36769 l36958">IAS </span><span class="pp-class-166 pa t36769 l36959">7 </span><span class="pp-class-166 pa t36960 l3 ls1021">Statement </span><span class="pp-class-166 pa t36960 l1022">of </span><span class="pp-class-166 pa t36960 l1023 ls4015">Cash </span><span class="pp-class-166 pa t36960 l36961 ls239">Flows, </span><span class="pp-class-166 pa t36960 l36962 ls135">to </span><span class="pp-class-166 pa t36960 l8709">change </span><span class="pp-class-166 pa t36960 l20853">the </span><span class="pp-class-166 pa t36960 l36963 ls158">starting </span><span class="pp-class-166 pa t36960 l36964">point </span><span class="pp-class-166 pa t36960 l36965 ls228">for </span><span class="pp-class-166 pa t36960 l36966 ls180">determining </span><span class="pp-class-166 pa t36960 l36967 ls923">cash </span><span class="pp-class-166 pa t36773 l3">flows </span><span class="pp-class-166 pa t36773 l36968 ls267">from </span><span class="pp-class-166 pa t36773 l4180 ls154">operations </span><span class="pp-class-166 pa t36773 l23332">under </span><span class="pp-class-166 pa t36773 l36969">the </span><span class="pp-class-166 pa t36773 l36970 ls461">indirect </span><span class="pp-class-166 pa t36773 l36971 ls93">method </span><span class="pp-class-166 pa t36773 l10230">and </span><span class="pp-class-166 pa t36773 l29122 ls135">to </span><span class="pp-class-166 pa t36773 l36972 ls702">remove </span><span class="pp-class-166 pa t36773 l36973">the </span><span class="pp-class-166 pa t36773 l21589 ls3185">optionality </span><span class="pp-class-166 pa t36775 l3 ls564">around </span><span class="pp-class-166 pa t36775 l36974 ls1026">classification </span><span class="pp-class-166 pa t36775 l33536">of </span><span class="pp-class-166 pa t36775 l5925 ls923">cash </span><span class="pp-class-166 pa t36775 l36975">flows </span><span class="pp-class-166 pa t36775 l36976 ls267">from </span><span class="pp-class-166 pa t36775 l36977">dividends </span><span class="pp-class-166 pa t36775 l36978">and </span><span class="pp-class-166 pa t36775 l36979 ls923">interest. </span><span class="pp-class-166 pa t36775 l36980 ls497">There </span><span class="pp-class-166 pa t36775 l20010 ls228">are </span><span class="pp-class-166 pa t36775 l36981">also </span><span class="pp-class-166 pa t36780 l3 ls1575">consequential </span><span class="pp-class-166 pa t36780 l11934">amendments </span><span class="pp-class-166 pa t36780 l9365 ls135">to </span><span class="pp-class-166 pa t36780 l14795 ls946">several </span><span class="pp-class-166 pa t36780 l15024 ls75">other </span><span class="pp-class-166 pa t36780 l36982 ls564">standards. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36983 l3">The </span><span class="pp-class-166 pa t36983 l1525">adoption </span><span class="pp-class-166 pa t36983 l36984">of </span><span class="pp-class-166 pa t36983 l21374">the </span><span class="pp-class-166 pa t36983 l23681 ls265">standard </span><span class="pp-class-166 pa t36983 l36985">is </span><span class="pp-class-166 pa t36983 l36986 ls1528">not </span><span class="pp-class-166 pa t36983 l36987 ls70">expected </span><span class="pp-class-166 pa t36983 l1608 ls135">to </span><span class="pp-class-166 pa t36983 l36988 ls564">result </span><span class="pp-class-166 pa t36983 l8818">in </span><span class="pp-class-166 pa t36983 l36989">major </span><span class="pp-class-166 pa t36983 l36990">changes </span><span class="pp-class-166 pa t36983 l36991 ls135">to </span><span class="pp-class-166 pa t36983 l36992">our </span><span class="pp-class-166 pa t36793 l3 ls187">existing </span><span class="pp-class-166 pa t36793 l13494 ls946">accounting </span><span class="pp-class-166 pa t36793 l5684">policies </span><span class="pp-class-166 pa t36793 l36993">and </span><span class="pp-class-166 pa t36793 l36994">is </span><span class="pp-class-166 pa t36793 l13262 ls1528">not </span><span class="pp-class-166 pa t36793 l36995 ls70">expected </span><span class="pp-class-166 pa t36793 l36996 ls135">to </span><span class="pp-class-166 pa t36793 l36997 ls2221">affect </span><span class="pp-class-166 pa t36793 l11974 ls234">net </span><span class="pp-class-166 pa t36793 l36998 ls66">profits. </span><span class="pp-class-166 pa t36793 l36999 ls7509">However, </span><span class="pp-class-166 pa t36798 l3">the </span><span class="pp-class-166 pa t36798 l1913 ls226">introduction </span><span class="pp-class-166 pa t36798 l5404">of </span><span class="pp-class-166 pa t36798 l37000">new </span><span class="pp-class-166 pa t36798 l37001 ls2022">categories </span><span class="pp-class-166 pa t36798 l37002 ls135">to </span><span class="pp-class-166 pa t36798 l14333">the </span><span class="pp-class-166 pa t36798 l37003 ls1122">statement </span><span class="pp-class-166 pa t36798 l37004">of </span><span class="pp-class-166 pa t36798 l37005 ls564">profit </span><span class="pp-class-166 pa t36798 l37006">or </span><span class="pp-class-166 pa t36798 l37007 ls48">loss </span><span class="pp-class-166 pa t36798 l37008">is </span><span class="pp-class-166 pa t36798 l23446 ls492">expect-</span><span class="pp-class-166 pa t36807 l3">ed </span><span class="pp-class-166 pa t36807 l1869 ls135">to </span><span class="pp-class-166 pa t36807 l15159 ls228">require </span><span class="pp-class-166 pa t36807 l37009 ls75">reclassification </span><span class="pp-class-166 pa t36807 l7228">of </span><span class="pp-class-166 pa t36807 l7229 ls187">certain </span><span class="pp-class-166 pa t36807 l37010 ls1740">accounts </span><span class="pp-class-166 pa t36807 l37011">in </span><span class="pp-class-166 pa t36807 l37012">the </span><span class="pp-class-166 pa t36807 l37013 ls1122">statement </span><span class="pp-class-166 pa t36807 l37014">of </span><span class="pp-class-166 pa t36807 l22307 ls564">profit </span><span class="pp-class-166 pa t36807 l37015">or </span><span class="pp-class-166 pa t36816 l3 ls48">loss </span><span class="pp-class-166 pa t36816 l37016">and </span><span class="pp-class-166 pa t36816 l28766 ls2022">redefinition </span><span class="pp-class-166 pa t36816 l37017">of </span><span class="pp-class-166 pa t36816 l37018">our </span><span class="pp-class-166 pa t36816 l37019 ls1119">key </span><span class="pp-class-166 pa t36816 l37020">financial </span><span class="pp-class-166 pa t36816 l37021 ls107">measures. </span><span class="pp-class-166 pa t36823 l3">IFRS </span><span class="pp-class-166 pa t36823 l11367">18 </span><span class="pp-class-166 pa t36823 l11368">and </span><span class="pp-class-166 pa t36823 l37022">all </span><span class="pp-class-166 pa t36823 l2970 ls1575">consequential </span><span class="pp-class-166 pa t36823 l7425">amendments </span><span class="pp-class-166 pa t36823 l37023 ls228">are </span><span class="pp-class-166 pa t36823 l20137 ls70">expected </span><span class="pp-class-166 pa t36823 l37024 ls135">to </span><span class="pp-class-166 pa t36823 l37025 ls267">take </span><span class="pp-class-166 pa t36823 l30631 ls2221">effect </span><span class="pp-class-166 pa t36823 l37026">on </span><span class="pp-class-166 pa t36830 l3">1 </span><span class="pp-class-166 pa t36830 l2138 ls1915">January </span><span class="pp-class-166 pa t36830 l37027">2027 </span><span class="pp-class-166 pa t36830 l37028">and </span><span class="pp-class-166 pa t36830 l37029">will </span><span class="pp-class-166 pa t36830 l37030">be </span><span class="pp-class-166 pa t36830 l37031">applied </span><span class="pp-class-166 pa t36830 l37032 ls3490">retrospectively. </span></p></div></div> <div class="pp-class-4" id="pp-id-4317" xmlns="http://www.w3.org/1999/xhtml"><div class="w36233 h36234 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-180 pa t36235 l3 ls3123">The </span><span class="pp-class-180 pa t36235 l36236 ls3156">2025 </span><span class="pp-class-180 pa t36235 l36237 ls29878">Annual </span><span class="pp-class-180 pa t36235 l36238 ls32486">Report </span><span class="pp-class-180 pa t36235 l36239 ls3135">of </span><span class="pp-class-180 pa t36235 l36240 ls3123">DSV </span><span class="pp-class-180 pa t36235 l36241 ls6528">A/S </span><span class="pp-class-180 pa t36235 l36242 ls3135">is </span><span class="pp-class-180 pa t36235 l36243 ls36244">prepared </span><span class="pp-class-180 pa t36245 l3 ls2263">on </span><span class="pp-class-180 pa t36245 l36246 ls2313">a </span><span class="pp-class-180 pa t36245 l36247 ls2257">going </span><span class="pp-class-180 pa t36245 l36248 ls561">concern </span><span class="pp-class-180 pa t36245 l36249 ls2257">basis </span><span class="pp-class-180 pa t36245 l36250 ls2263">in </span><span class="pp-class-180 pa t36245 l11319 ls30199">accordance </span><span class="pp-class-180 pa t36245 l36251 ls2247">with </span><span class="pp-class-180 pa t36252 l3 ls13583">the </span><span class="pp-class-180 pa t36252 l36253 ls2243">IFRS </span><span class="pp-class-180 pa t36252 l36254 ls3323">Accounting </span><span class="pp-class-180 pa t36252 l36255 ls10280">Standards </span><span class="pp-class-180 pa t36252 l36256 ls2263">as </span><span class="pp-class-180 pa t36252 l36257 ls11830">issued </span><span class="pp-class-180 pa t36252 l36258 ls2263">by </span><span class="pp-class-180 pa t36252 l36259 ls2313">the </span><span class="pp-class-180 pa t36260 l3 ls3686">International </span><span class="pp-class-180 pa t36260 l36261 ls3323">Accounting </span><span class="pp-class-180 pa t36260 l36262 ls10280">Standards </span><span class="pp-class-180 pa t36260 l36263 ls3321">Board </span><span class="pp-class-180 pa t36260 l36264 ls15855">(IASB) </span><span class="pp-class-180 pa t36265 l3 ls13583">and </span><span class="pp-class-180 pa t36265 l36266 ls2263">in </span><span class="pp-class-180 pa t36265 l36267 ls30199">accordance </span><span class="pp-class-180 pa t36265 l21880 ls2243">with </span><span class="pp-class-180 pa t36265 l15336 ls2243">IFRS </span><span class="pp-class-180 pa t36265 l36268 ls3323">Accounting </span><span class="pp-class-180 pa t36265 l36269 ls30926">Stand-</span><span class="pp-class-180 pa t36270 l3 ls22161">ards </span><span class="pp-class-180 pa t36270 l36271 ls2263">as </span><span class="pp-class-180 pa t36270 l36272 ls1160">adopted </span><span class="pp-class-180 pa t36270 l9732 ls2263">by </span><span class="pp-class-180 pa t36270 l19222 ls13583">the </span><span class="pp-class-180 pa t36270 l13999 ls745">European </span><span class="pp-class-180 pa t36270 l36273 ls2257">Union </span><span class="pp-class-180 pa t36270 l36274 ls2313">and </span><span class="pp-class-180 pa t36275 l3 ls14681">further </span><span class="pp-class-180 pa t36275 l36276 ls20961">requirements </span><span class="pp-class-180 pa t36275 l36277 ls33404">for </span><span class="pp-class-180 pa t36275 l36278 ls6607">listed </span><span class="pp-class-180 pa t36275 l36279 ls7711">companies </span><span class="pp-class-180 pa t36275 l36280 ls1853">in </span><span class="pp-class-180 pa t36281 l3 ls13583">the </span><span class="pp-class-180 pa t36281 l36253 ls2259">Danish </span><span class="pp-class-180 pa t36281 l36282 ls10409">Financial </span><span class="pp-class-180 pa t36281 l1543 ls561">Statements </span><span class="pp-class-180 pa t36281 l36283 ls3316">Act. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-180 pa t36284 l3 ls13583">The </span><span class="pp-class-180 pa t36284 l36285 ls15889">consolidated </span><span class="pp-class-180 pa t36284 l28260 ls19121">financial </span><span class="pp-class-180 pa t36284 l23317 ls3323">statements </span><span class="pp-class-180 pa t36284 l36286 ls19220">are </span><span class="pp-class-180 pa t36287 l3 ls32725">presented </span><span class="pp-class-180 pa t36287 l36288 ls2263">in </span><span class="pp-class-180 pa t36287 l36289 ls2259">Danish </span><span class="pp-class-180 pa t36287 l36290 ls7491">kroner </span><span class="pp-class-180 pa t36287 l36291 ls2257">(DKK) </span><span class="pp-class-180 pa t36287 l36292 ls13583">and </span><span class="pp-class-180 pa t36287 l36293 ls1587">rounded </span><span class="pp-class-180 pa t36294 l3 ls2401">to </span><span class="pp-class-180 pa t36294 l36295 ls13583">the </span><span class="pp-class-180 pa t36294 l36296 ls15425">nearest </span><span class="pp-class-180 pa t36294 l36297 ls7717">million.</span></p></div></div> DSV A/S A/S <span class="pp-class-166 pa t3360 l3" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-166 pa t3360 l1525 ls497" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-166 pa t3360 l14734" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3360 l14735 ls826" xmlns="http://www.w3.org/1999/xhtml">Directors </span><span class="pp-class-166 pa t3360 l14736" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3360 l1968 ls93" xmlns="http://www.w3.org/1999/xhtml">Executive </span><span class="pp-class-166 pa t3360 l36304 ls497" xmlns="http://www.w3.org/1999/xhtml">Board </span><span class="pp-class-166 pa t3360 l36305 ls564" xmlns="http://www.w3.org/1999/xhtml">considered </span><span class="pp-class-166 pa t3360 l23885" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3360 l36306 ls1528" xmlns="http://www.w3.org/1999/xhtml">approved </span><span class="pp-class-166 pa t3360 l36307" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3360 l36308" xmlns="http://www.w3.org/1999/xhtml">2025 </span><span class="pp-class-166 pa t3373 l3" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3373 l225 ls226" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-166 pa t3373 l227" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3373 l9788" xmlns="http://www.w3.org/1999/xhtml">DSV </span><span class="pp-class-166 pa t3373 l36309 ls15430" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-166 pa t3373 l32884" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-166 pa t3373 l36310" xmlns="http://www.w3.org/1999/xhtml">4 </span><span class="pp-class-166 pa t3373 l14415 ls205" xmlns="http://www.w3.org/1999/xhtml">February </span><span class="pp-class-166 pa t3373 l6885" xmlns="http://www.w3.org/1999/xhtml">2026. </span><span class="pp-class-166 pa t3373 l36311" xmlns="http://www.w3.org/1999/xhtml">The </span><span class="pp-class-166 pa t3373 l36312" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3373 l36313 ls226" xmlns="http://www.w3.org/1999/xhtml">Report </span><span class="pp-class-166 pa t3373 l36314" xmlns="http://www.w3.org/1999/xhtml">will </span><span class="pp-class-166 pa t3373 l36315" xmlns="http://www.w3.org/1999/xhtml">be </span><span class="pp-class-166 pa t3682 l3 ls1428" xmlns="http://www.w3.org/1999/xhtml">submitted </span><span class="pp-class-166 pa t3682 l15587 ls135" xmlns="http://www.w3.org/1999/xhtml">to </span><span class="pp-class-166 pa t3682 l30749" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3682 l4237 ls2022" xmlns="http://www.w3.org/1999/xhtml">shareholders </span><span class="pp-class-166 pa t3682 l23604" xmlns="http://www.w3.org/1999/xhtml">of </span><span class="pp-class-166 pa t3682 l36316" xmlns="http://www.w3.org/1999/xhtml">DSV </span><span class="pp-class-166 pa t3682 l36317 ls15430" xmlns="http://www.w3.org/1999/xhtml">A/S </span><span class="pp-class-166 pa t3682 l2145 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3682 l15148 ls1528" xmlns="http://www.w3.org/1999/xhtml">approval </span><span class="pp-class-166 pa t3682 l36318" xmlns="http://www.w3.org/1999/xhtml">at </span><span class="pp-class-166 pa t3682 l19269" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3682 l36319" xmlns="http://www.w3.org/1999/xhtml">Annual </span><span class="pp-class-166 pa t3682 l36320 ls59" xmlns="http://www.w3.org/1999/xhtml">General </span><span class="pp-class-166 pa t3375 l3 ls428" xmlns="http://www.w3.org/1999/xhtml">Meeting </span><span class="pp-class-166 pa t3375 l36321" xmlns="http://www.w3.org/1999/xhtml">on </span><span class="pp-class-166 pa t3375 l36322" xmlns="http://www.w3.org/1999/xhtml">19 </span><span class="pp-class-166 pa t3375 l19127 ls1346" xmlns="http://www.w3.org/1999/xhtml">March </span><span class="pp-class-166 pa t3375 l36323" xmlns="http://www.w3.org/1999/xhtml">2026.</span> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3466 l3 ls1180">Changes </span><span class="pp-class-170 pa t3466 l11117 ls13149">in </span><span class="pp-class-170 pa t3466 l519 ls5287">accounting </span><span class="pp-class-170 pa t3466 l36358 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3471 l3">All </span><span class="pp-class-166 pa t3471 l2312">amendments </span><span class="pp-class-166 pa t3471 l36359 ls135">to </span><span class="pp-class-166 pa t3471 l31416">the </span><span class="pp-class-166 pa t3471 l12043">IFRS </span><span class="pp-class-166 pa t3471 l36360 ls946">Accounting </span><span class="pp-class-166 pa t3471 l12898 ls1346">Standards </span><span class="pp-class-166 pa t3471 l36361 ls1900">effective </span><span class="pp-class-166 pa t3471 l9548 ls228">for </span><span class="pp-class-166 pa t3471 l36362">the </span><span class="pp-class-166 pa t3471 l20722">financial </span><span class="pp-class-166 pa t3472 l3 ls48">year </span><span class="pp-class-166 pa t3472 l14491">2025 </span><span class="pp-class-166 pa t3472 l36363 ls48">have </span><span class="pp-class-166 pa t3472 l12243">been </span><span class="pp-class-166 pa t3472 l23745 ls86">implemented </span><span class="pp-class-166 pa t3472 l13021">as </span><span class="pp-class-166 pa t3472 l36364">basis </span><span class="pp-class-166 pa t3472 l34275 ls228">for </span><span class="pp-class-166 pa t3472 l36365 ls851">preparing </span><span class="pp-class-166 pa t3472 l22306">the </span><span class="pp-class-166 pa t3472 l36366 ls1119">consolidated </span><span class="pp-class-166 pa t3484 l3">financial </span><span class="pp-class-166 pa t3484 l8394 ls946">statements </span><span class="pp-class-166 pa t3484 l13207">and </span><span class="pp-class-166 pa t3484 l14672 ls1115">notes </span><span class="pp-class-166 pa t3484 l12267 ls135">to </span><span class="pp-class-166 pa t3484 l36367">the </span><span class="pp-class-166 pa t3484 l36368">financial </span><span class="pp-class-166 pa t3484 l23196 ls946">statements.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3503 l3">None </span><span class="pp-class-166 pa t3503 l36369">of </span><span class="pp-class-166 pa t3503 l4211">the </span><span class="pp-class-166 pa t3503 l16293 ls556">implementations </span><span class="pp-class-166 pa t3503 l36370 ls48">have </span><span class="pp-class-166 pa t3503 l29159">had </span><span class="pp-class-166 pa t3503 l36371">any </span><span class="pp-class-166 pa t3503 l36372 ls234">material </span><span class="pp-class-166 pa t3503 l34247 ls1636">impact </span><span class="pp-class-166 pa t3503 l36373">on </span><span class="pp-class-166 pa t3503 l36374">the </span><span class="pp-class-166 pa t3503 l36375 ls946">statements </span><span class="pp-class-166 pa t3817 l3">or </span><span class="pp-class-166 pa t3817 l21054 ls1115">notes </span><span class="pp-class-166 pa t3817 l31349 ls564">presented. </span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3466 l3 ls1180">Changes </span><span class="pp-class-170 pa t3466 l11117 ls13149">in </span><span class="pp-class-170 pa t3466 l519 ls5287">accounting </span><span class="pp-class-170 pa t3466 l36358 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3471 l3">All </span><span class="pp-class-166 pa t3471 l2312">amendments </span><span class="pp-class-166 pa t3471 l36359 ls135">to </span><span class="pp-class-166 pa t3471 l31416">the </span><span class="pp-class-166 pa t3471 l12043">IFRS </span><span class="pp-class-166 pa t3471 l36360 ls946">Accounting </span><span class="pp-class-166 pa t3471 l12898 ls1346">Standards </span><span class="pp-class-166 pa t3471 l36361 ls1900">effective </span><span class="pp-class-166 pa t3471 l9548 ls228">for </span><span class="pp-class-166 pa t3471 l36362">the </span><span class="pp-class-166 pa t3471 l20722">financial </span><span class="pp-class-166 pa t3472 l3 ls48">year </span><span class="pp-class-166 pa t3472 l14491">2025 </span><span class="pp-class-166 pa t3472 l36363 ls48">have </span><span class="pp-class-166 pa t3472 l12243">been </span><span class="pp-class-166 pa t3472 l23745 ls86">implemented </span><span class="pp-class-166 pa t3472 l13021">as </span><span class="pp-class-166 pa t3472 l36364">basis </span><span class="pp-class-166 pa t3472 l34275 ls228">for </span><span class="pp-class-166 pa t3472 l36365 ls851">preparing </span><span class="pp-class-166 pa t3472 l22306">the </span><span class="pp-class-166 pa t3472 l36366 ls1119">consolidated </span><span class="pp-class-166 pa t3484 l3">financial </span><span class="pp-class-166 pa t3484 l8394 ls946">statements </span><span class="pp-class-166 pa t3484 l13207">and </span><span class="pp-class-166 pa t3484 l14672 ls1115">notes </span><span class="pp-class-166 pa t3484 l12267 ls135">to </span><span class="pp-class-166 pa t3484 l36367">the </span><span class="pp-class-166 pa t3484 l36368">financial </span><span class="pp-class-166 pa t3484 l23196 ls946">statements.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3503 l3">None </span><span class="pp-class-166 pa t3503 l36369">of </span><span class="pp-class-166 pa t3503 l4211">the </span><span class="pp-class-166 pa t3503 l16293 ls556">implementations </span><span class="pp-class-166 pa t3503 l36370 ls48">have </span><span class="pp-class-166 pa t3503 l29159">had </span><span class="pp-class-166 pa t3503 l36371">any </span><span class="pp-class-166 pa t3503 l36372 ls234">material </span><span class="pp-class-166 pa t3503 l34247 ls1636">impact </span><span class="pp-class-166 pa t3503 l36373">on </span><span class="pp-class-166 pa t3503 l36374">the </span><span class="pp-class-166 pa t3503 l36375 ls946">statements </span><span class="pp-class-166 pa t3817 l3">or </span><span class="pp-class-166 pa t3817 l21054 ls1115">notes </span><span class="pp-class-166 pa t3817 l31349 ls564">presented. </span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3522 l3 ls4852">Management </span><span class="pp-class-170 pa t3522 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3522 l36377 ls2257">and </span><span class="pp-class-170 pa t3522 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3532 l3">In </span><span class="pp-class-166 pa t3532 l1589 ls851">preparing </span><span class="pp-class-166 pa t3532 l26959">the </span><span class="pp-class-166 pa t3532 l15348 ls1119">consolidated </span><span class="pp-class-166 pa t3532 l27955">financial </span><span class="pp-class-166 pa t3532 l21541 ls189">statements, </span><span class="pp-class-166 pa t3532 l36379 ls205">Management </span><span class="pp-class-166 pa t3532 l36380 ls189">makes </span><span class="pp-class-166 pa t3532 l36381 ls455">various </span><span class="pp-class-166 pa t3542 l3 ls946">accounting </span><span class="pp-class-166 pa t3542 l36382">judgements </span><span class="pp-class-166 pa t3542 l36383">and </span><span class="pp-class-166 pa t3542 l30155 ls1217">estimates </span><span class="pp-class-166 pa t3542 l36384">that </span><span class="pp-class-166 pa t3542 l18876 ls2221">affect </span><span class="pp-class-166 pa t3542 l36385">the </span><span class="pp-class-166 pa t3542 l36386 ls1740">reported </span><span class="pp-class-166 pa t3542 l36387">amounts </span><span class="pp-class-166 pa t3542 l36388">and </span><span class="pp-class-166 pa t3553 l3 ls740">disclosures </span><span class="pp-class-166 pa t3553 l22489">in </span><span class="pp-class-166 pa t3553 l33911">the </span><span class="pp-class-166 pa t3553 l19862">financial </span><span class="pp-class-166 pa t3553 l36389 ls946">statements </span><span class="pp-class-166 pa t3553 l36390">and </span><span class="pp-class-166 pa t3553 l36391 ls1115">notes </span><span class="pp-class-166 pa t3553 l36392 ls135">to </span><span class="pp-class-166 pa t3553 l36393">the </span><span class="pp-class-166 pa t3553 l36394 ls189">statements. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3573 l3">The </span><span class="pp-class-166 pa t3573 l1525">financial </span><span class="pp-class-166 pa t3573 l11352 ls946">statements </span><span class="pp-class-166 pa t3573 l5577 ls189">items </span><span class="pp-class-166 pa t3573 l36395 ls228">for </span><span class="pp-class-166 pa t3573 l20708">which </span><span class="pp-class-166 pa t3573 l36396 ls226">significant </span><span class="pp-class-166 pa t3573 l36397 ls946">accounting </span><span class="pp-class-166 pa t3573 l36398">judgements </span><span class="pp-class-166 pa t3573 l36399">and </span><span class="pp-class-166 pa t3884 l3 ls1217">estimates </span><span class="pp-class-166 pa t3884 l36400 ls228">are </span><span class="pp-class-166 pa t3884 l7503">applied </span><span class="pp-class-166 pa t3884 l21415 ls228">are </span><span class="pp-class-166 pa t3884 l36401 ls2540">listed </span><span class="pp-class-166 pa t3884 l36402 ls1636">below: </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t5448 l3">• </span><span class="pp-class-166 pa t5448 l4255 ls461">Contract </span><span class="pp-class-166 pa t5448 l36403 ls4053">assets </span><span class="pp-class-166 pa t5448 l36404">and </span><span class="pp-class-166 pa t5448 l36405 ls187">accrued </span><span class="pp-class-166 pa t5448 l36406 ls3490">cost </span><span class="pp-class-166 pa t5448 l36407 ls166">of </span><span class="pp-class-166 pa t5448 l36408 ls457">services </span><span class="pp-class-166 pa t5448 l36409">(</span><span class="pp-class-171 pa t5448 l36410 ls7025">note </span><span class="pp-class-171 pa t5448 l36411 ls2275">3.4</span><span class="pp-class-166 pa t5448 l36412">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3577 l3">• </span><span class="pp-class-166 pa t3577 l4255 ls1410">Provisions </span><span class="pp-class-166 pa t3577 l36413">(</span><span class="pp-class-171 pa t3577 l36414 ls7025">note </span><span class="pp-class-171 pa t3577 l36415 ls2275">3.8</span><span class="pp-class-166 pa t3577 l36416">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3586 l3">• </span><span class="pp-class-166 pa t3586 l4255 ls228">Deferred </span><span class="pp-class-166 pa t3586 l36417 ls946">tax </span><span class="pp-class-166 pa t3586 l36418">(</span><span class="pp-class-171 pa t3586 l36419 ls7025">note </span><span class="pp-class-171 pa t3586 l36420 ls2275">5.2</span><span class="pp-class-166 pa t3586 l36421">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3596 l3">• </span><span class="pp-class-166 pa t3596 l4255 ls3342">Fair </span><span class="pp-class-166 pa t3596 l36422 ls101">value </span><span class="pp-class-166 pa t3596 l36423">of </span><span class="pp-class-166 pa t3596 l36424 ls265">acquired </span><span class="pp-class-166 pa t3596 l36425 ls234">net </span><span class="pp-class-166 pa t3596 l36426 ls4053">assets </span><span class="pp-class-166 pa t3596 l36427">(</span><span class="pp-class-171 pa t3596 l36428 ls7025">note </span><span class="pp-class-171 pa t3596 l36429 ls2275">6.1</span><span class="pp-class-166 pa t3596 l36430">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3617 l3">Additional </span><span class="pp-class-166 pa t3617 l31193">description </span><span class="pp-class-166 pa t3617 l1783">of </span><span class="pp-class-166 pa t3617 l36431">management </span><span class="pp-class-166 pa t3617 l36432">judgements </span><span class="pp-class-166 pa t3617 l26110">and </span><span class="pp-class-166 pa t3617 l14667 ls1217">estimates </span><span class="pp-class-166 pa t3617 l36433">made </span><span class="pp-class-166 pa t3617 l36434 ls228">are </span><span class="pp-class-166 pa t5487 l3 ls66">provided </span><span class="pp-class-166 pa t5487 l3022">in </span><span class="pp-class-166 pa t5487 l9077">the </span><span class="pp-class-166 pa t5487 l19127 ls1528">relevant </span><span class="pp-class-166 pa t5487 l35080 ls1115">notes.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t3624 l36435 ls3042">risks </span><span class="pp-class-170 pa t3624 l36436 ls13149">in </span><span class="pp-class-170 pa t3624 l36437 ls2257">the </span><span class="pp-class-170 pa t3624 l36438 ls1464">financial </span><span class="pp-class-170 pa t3624 l36439 ls3152">statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3">In </span><span class="pp-class-166 pa t3330 l1589 ls851">preparing </span><span class="pp-class-166 pa t3330 l26959">the </span><span class="pp-class-166 pa t3330 l15348 ls1119">consolidated </span><span class="pp-class-166 pa t3330 l27955">financial </span><span class="pp-class-166 pa t3330 l21541 ls189">statements, </span><span class="pp-class-166 pa t3330 l36379 ls205">Management </span><span class="pp-class-166 pa t3330 l36380 ls226">assesses </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3338 l3">how </span><span class="pp-class-166 pa t3338 l3543 ls2061">climate-related </span><span class="pp-class-166 pa t3338 l17252 ls1831">risks </span><span class="pp-class-166 pa t3338 l36440">may </span><span class="pp-class-166 pa t3338 l2546 ls2221">affect </span><span class="pp-class-166 pa t3338 l25880">the </span><span class="pp-class-166 pa t3338 l36441 ls1119">consolidated </span><span class="pp-class-166 pa t3338 l18832">financial </span><span class="pp-class-166 pa t3338 l5023 ls946">statements </span><span class="pp-class-166 pa t3348 l3">and </span><span class="pp-class-166 pa t3348 l1192">the </span><span class="pp-class-166 pa t3348 l1193 ls1528">measures </span><span class="pp-class-166 pa t3348 l36442">that </span><span class="pp-class-166 pa t3348 l12936 ls48">have </span><span class="pp-class-166 pa t3348 l36443">been, </span><span class="pp-class-166 pa t3348 l18732">or </span><span class="pp-class-166 pa t3348 l22784">will </span><span class="pp-class-166 pa t3348 l29522">be, </span><span class="pp-class-166 pa t3348 l36444">put </span><span class="pp-class-166 pa t3348 l36445">in </span><span class="pp-class-166 pa t3348 l36446 ls189">place </span><span class="pp-class-166 pa t3348 l36447 ls135">to </span><span class="pp-class-166 pa t3348 l36448 ls234">mitigate </span><span class="pp-class-166 pa t3348 l3359">them. </span><span class="pp-class-166 pa t3360 l3 ls205">Management </span><span class="pp-class-166 pa t3360 l35455 ls226">assesses </span><span class="pp-class-166 pa t3360 l21787">that </span><span class="pp-class-166 pa t3360 l36449 ls2061">climate-related </span><span class="pp-class-166 pa t3360 l13759 ls1831">risks </span><span class="pp-class-166 pa t3360 l36450">do </span><span class="pp-class-166 pa t3360 l34247 ls1528">not </span><span class="pp-class-166 pa t3360 l2977 ls48">have </span><span class="pp-class-166 pa t3360 l36451">a </span><span class="pp-class-166 pa t3360 l36452 ls226">significant </span><span class="pp-class-166 pa t3373 l3 ls1636">impact </span><span class="pp-class-166 pa t3373 l3618">on </span><span class="pp-class-166 pa t3373 l13260">the </span><span class="pp-class-166 pa t3373 l13261">2025 </span><span class="pp-class-166 pa t3373 l36453">financial </span><span class="pp-class-166 pa t3373 l433 ls189">statements. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3375 l3">While </span><span class="pp-class-166 pa t3375 l10854 ls2061">climate-related </span><span class="pp-class-166 pa t3375 l13678 ls1831">risks </span><span class="pp-class-166 pa t3375 l10227">do </span><span class="pp-class-166 pa t3375 l36454 ls1528">not </span><span class="pp-class-166 pa t3375 l10484 ls856">currently </span><span class="pp-class-166 pa t3375 l7324 ls1636">impact </span><span class="pp-class-166 pa t3375 l36455">the </span><span class="pp-class-166 pa t3375 l32597">financial </span><span class="pp-class-166 pa t3375 l36456 ls946">statements </span><span class="pp-class-166 pa t3387 l3 ls1761">significantly, </span><span class="pp-class-166 pa t3387 l10263 ls135">we </span><span class="pp-class-166 pa t3387 l21505 ls228">are </span><span class="pp-class-166 pa t3387 l1355">closely </span><span class="pp-class-166 pa t3387 l2624 ls923">monitoring </span><span class="pp-class-166 pa t3387 l36457">changes </span><span class="pp-class-166 pa t3387 l35842">and </span><span class="pp-class-166 pa t3387 l36458 ls205">developments </span><span class="pp-class-166 pa t3387 l33956">in </span><span class="pp-class-166 pa t3387 l36459">these </span><span class="pp-class-166 pa t3395 l3 ls492">risks. </span><span class="pp-class-166 pa t3395 l36460">Our </span><span class="pp-class-166 pa t3395 l36461 ls158">assessment </span><span class="pp-class-166 pa t3395 l36462">of </span><span class="pp-class-166 pa t3395 l36463 ls2061">climate-related </span><span class="pp-class-166 pa t3395 l36464 ls1831">risks </span><span class="pp-class-166 pa t3395 l36465">is </span><span class="pp-class-166 pa t3395 l36466">included </span><span class="pp-class-166 pa t3395 l36467">in </span><span class="pp-class-166 pa t3395 l36468">the </span><span class="pp-class-166 pa t3395 l36469 ls1115">notes </span><span class="pp-class-166 pa t3395 l36470 ls135">to </span><span class="pp-class-166 pa t3395 l36471">the </span><span class="pp-class-166 pa t3406 l3">financial </span><span class="pp-class-166 pa t3406 l8394 ls946">statements </span><span class="pp-class-166 pa t3406 l13207 ls267">regarding </span><span class="pp-class-166 pa t3406 l36472">the </span><span class="pp-class-166 pa t3406 l19418">financial </span><span class="pp-class-166 pa t3406 l36473 ls1122">statement </span><span class="pp-class-166 pa t3406 l36474 ls189">items </span><span class="pp-class-166 pa t3406 l7415">that </span><span class="pp-class-166 pa t3406 l36475 ls228">are </span><span class="pp-class-166 pa t3406 l36476 ls226">assessed </span><span class="pp-class-166 pa t3722 l3 ls135">to </span><span class="pp-class-166 pa t3722 l2457">be </span><span class="pp-class-166 pa t3722 l36477 ls1119">potentially </span><span class="pp-class-166 pa t3722 l5923 ls1849">exposed </span><span class="pp-class-166 pa t3722 l26883 ls135">to </span><span class="pp-class-166 pa t3722 l36478 ls2061">climate-related </span><span class="pp-class-166 pa t3722 l32222 ls1831">risks </span><span class="pp-class-166 pa t3722 l36479">in </span><span class="pp-class-166 pa t3722 l26353">the </span><span class="pp-class-166 pa t3722 l36480 ls856">future. </span><span class="pp-class-166 pa t3417 l3">These </span><span class="pp-class-166 pa t3417 l5053 ls228">are:</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3427 l3">• </span><span class="pp-class-166 pa t3427 l4255 ls166">Impairment </span><span class="pp-class-166 pa t3427 l36481 ls59">testing </span><span class="pp-class-166 pa t3427 l36482">(</span><span class="pp-class-171 pa t3427 l36483 ls7025">note </span><span class="pp-class-171 pa t3427 l36484 ls2275">3.1</span><span class="pp-class-166 pa t3427 l36485">)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">• </span><span class="pp-class-166 pa t3439 l4255 ls218">Property, </span><span class="pp-class-166 pa t3439 l36486">plant </span><span class="pp-class-166 pa t3439 l36487 ls166">and </span><span class="pp-class-166 pa t3439 l36488">equipment </span><span class="pp-class-166 pa t3439 l36489">(</span><span class="pp-class-171 pa t3439 l36490 ls7025">note </span><span class="pp-class-171 pa t3439 l36491 ls2275">3.3</span><span class="pp-class-166 pa t3439 l36492">)</span></p><div class="pp-class-4" id="pp-id-4359" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h29807 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls4852">Management </span><span class="pp-class-170 pa t3624 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3624 l36377 ls2257">and </span><span class="pp-class-170 pa t3624 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">In </span><span class="pp-class-166 pa t3330 l1589">the </span><span class="pp-class-166 pa t3330 l2053 ls1026">classification </span><span class="pp-class-166 pa t3330 l38154">of </span><span class="pp-class-166 pa t3330 l38155">special </span><span class="pp-class-166 pa t3330 l38156 ls740">items, </span><span class="pp-class-166 pa t3330 l21709">judgement </span><span class="pp-class-166 pa t3330 l38157">is </span><span class="pp-class-166 pa t3330 l38158">applied </span><span class="pp-class-166 pa t3330 l38159">in </span><span class="pp-class-166 pa t3330 l38160">ensuring </span><span class="pp-class-166 pa t3330 l38161">that </span><span class="pp-class-166 pa t3330 l38162">only </span><span class="pp-class-166 pa t3338 l3 ls1129">exceptional </span><span class="pp-class-166 pa t3338 l7137 ls189">items </span><span class="pp-class-166 pa t3338 l34087 ls1528">not </span><span class="pp-class-166 pa t3338 l12864 ls977">associated </span><span class="pp-class-166 pa t3338 l38163">with </span><span class="pp-class-166 pa t3338 l38164">the </span><span class="pp-class-166 pa t3338 l23921 ls1849">ordinary </span><span class="pp-class-166 pa t3338 l38165 ls154">operations </span><span class="pp-class-166 pa t3338 l38166">of </span><span class="pp-class-166 pa t3338 l38167">the </span><span class="pp-class-166 pa t3338 l38168 ls497">Group </span><span class="pp-class-166 pa t3348 l3 ls228">are </span><span class="pp-class-166 pa t3348 l2357">included.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38526 l3 ls4852">Management </span><span class="pp-class-170 pa t38526 l36376 ls4852">judgements </span><span class="pp-class-170 pa t38526 l36377 ls2257">and </span><span class="pp-class-170 pa t38526 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38527 l3 ls1740">For </span><span class="pp-class-166 pa t38527 l3855">goodwill </span><span class="pp-class-166 pa t38527 l38528">impairment </span><span class="pp-class-166 pa t38527 l18773 ls552">testing, </span><span class="pp-class-166 pa t38527 l38529">a </span><span class="pp-class-166 pa t38527 l38530">number </span><span class="pp-class-166 pa t38527 l24727">of </span><span class="pp-class-166 pa t38527 l38531 ls1217">estimates </span><span class="pp-class-166 pa t38527 l30637 ls228">are </span><span class="pp-class-166 pa t38527 l38532">made </span><span class="pp-class-166 pa t38527 l38533">on </span><span class="pp-class-166 pa t38527 l29074">the </span><span class="pp-class-166 pa t38527 l38534">de-</span><span class="pp-class-166 pa t38535 l3 ls394">velopment </span><span class="pp-class-166 pa t38535 l19431">in </span><span class="pp-class-166 pa t38535 l38536 ls107">revenues, </span><span class="pp-class-166 pa t38535 l6863 ls1346">gross </span><span class="pp-class-166 pa t38535 l38537 ls66">profits, </span><span class="pp-class-166 pa t38535 l38538 ls977">conversion </span><span class="pp-class-166 pa t38535 l38539 ls59">ratios, </span><span class="pp-class-166 pa t38535 l15157 ls564">future </span><span class="pp-class-166 pa t38535 l38540 ls853">capital </span><span class="pp-class-166 pa t38535 l38541 ls1849">expendi-</span><span class="pp-class-166 pa t38542 l3 ls564">tures, </span><span class="pp-class-166 pa t38542 l21866 ls234">discount </span><span class="pp-class-166 pa t38542 l38543 ls54">rates </span><span class="pp-class-166 pa t38542 l38544">and </span><span class="pp-class-166 pa t38542 l38545 ls234">growth </span><span class="pp-class-166 pa t38542 l38546 ls239">expectations </span><span class="pp-class-166 pa t38542 l38547">in </span><span class="pp-class-166 pa t38542 l38548">the </span><span class="pp-class-166 pa t38542 l38549 ls234">terminal </span><span class="pp-class-166 pa t38542 l30302">period. </span><span class="pp-class-166 pa t38542 l38550">These </span><span class="pp-class-166 pa t38551 l3 ls228">are </span><span class="pp-class-166 pa t38551 l2357">based </span><span class="pp-class-166 pa t38551 l27146">on </span><span class="pp-class-166 pa t38551 l11341">an </span><span class="pp-class-166 pa t38551 l3340 ls158">assessment </span><span class="pp-class-166 pa t38551 l8675">of </span><span class="pp-class-166 pa t38551 l8858 ls702">current </span><span class="pp-class-166 pa t38551 l30541">and </span><span class="pp-class-166 pa t38551 l38552 ls564">future </span><span class="pp-class-166 pa t38551 l38553 ls205">developments </span><span class="pp-class-166 pa t38551 l31725">in </span><span class="pp-class-166 pa t38551 l38554">the </span><span class="pp-class-166 pa t38551 l38281 ls497">three </span><span class="pp-class-166 pa t38555 l3 ls977">cash-generating </span><span class="pp-class-166 pa t38555 l4946">units </span><span class="pp-class-166 pa t38555 l2203">and </span><span class="pp-class-166 pa t38555 l14354">on </span><span class="pp-class-166 pa t38555 l12897 ls164">historical </span><span class="pp-class-166 pa t38555 l38556 ls853">data </span><span class="pp-class-166 pa t38555 l38557">and </span><span class="pp-class-166 pa t38555 l38558 ls205">assumptions </span><span class="pp-class-166 pa t38555 l38559">of </span><span class="pp-class-166 pa t38555 l38560 ls564">future </span><span class="pp-class-166 pa t38555 l38561 ls492">expect-</span><span class="pp-class-166 pa t38562 l3">ed </span><span class="pp-class-166 pa t38562 l1869 ls495">market </span><span class="pp-class-166 pa t38562 l15587 ls1900">developments, </span><span class="pp-class-166 pa t38562 l6954">including </span><span class="pp-class-166 pa t38562 l5996 ls70">expected </span><span class="pp-class-166 pa t38562 l30089 ls1428">long-term </span><span class="pp-class-166 pa t38562 l38563 ls946">average </span><span class="pp-class-166 pa t38562 l38564 ls495">market </span><span class="pp-class-166 pa t38565 l3 ls234">growth </span><span class="pp-class-166 pa t38565 l3031 ls2870">rates. </span><span class="pp-class-166 pa t38565 l7580 ls853">Data </span><span class="pp-class-166 pa t38565 l38566">includes </span><span class="pp-class-166 pa t38565 l38567 ls189">both </span><span class="pp-class-166 pa t38565 l38568 ls234">internal </span><span class="pp-class-166 pa t38565 l14502">and </span><span class="pp-class-166 pa t38565 l38569 ls59">external </span><span class="pp-class-166 pa t38565 l38570 ls853">data </span><span class="pp-class-166 pa t38565 l38571 ls1766">sources.</span></p><div class="pp-class-4" id="pp-id-4372" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38572 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38573 l3 ls1217">Material </span><span class="pp-class-166 pa t38573 l21073 ls101">value </span><span class="pp-class-166 pa t38573 l38574 ls455">drivers </span><span class="pp-class-166 pa t38573 l38575 ls2221">affecting </span><span class="pp-class-166 pa t38573 l38576">the </span><span class="pp-class-166 pa t38573 l10305 ls564">future </span><span class="pp-class-166 pa t38573 l38577 ls234">net </span><span class="pp-class-166 pa t38573 l38578 ls923">cash </span><span class="pp-class-166 pa t38573 l38579">flows </span><span class="pp-class-166 pa t38573 l3068">of </span><span class="pp-class-166 pa t38573 l38580">the </span><span class="pp-class-166 pa t38573 l38581 ls497">three </span><span class="pp-class-166 pa t38573 l38582 ls38583">cash-</span><span class="pp-class-166 pa t38584 l3 ls154">generating </span><span class="pp-class-166 pa t38584 l34585">units </span><span class="pp-class-166 pa t38584 l2584 ls228">are:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38585 l3">Air </span><span class="pp-class-172 pa t38585 l26105">&amp; </span><span class="pp-class-172 pa t38585 l37139 ls1683">Sea</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38586 l3">The </span><span class="pp-class-166 pa t38586 l1525">Air </span><span class="pp-class-166 pa t38586 l3512">&amp; </span><span class="pp-class-166 pa t38586 l2125 ls1026">Sea </span><span class="pp-class-166 pa t38586 l3513">division </span><span class="pp-class-166 pa t38586 l3514 ls3962">operates </span><span class="pp-class-166 pa t38586 l5432 ls1428">globally, </span><span class="pp-class-166 pa t38586 l3674">so </span><span class="pp-class-166 pa t38586 l5222 ls205">developments </span><span class="pp-class-166 pa t38586 l38587">in </span><span class="pp-class-166 pa t38586 l19808">the </span><span class="pp-class-166 pa t38586 l38588">global </span><span class="pp-class-166 pa t38586 l28630 ls189">econo-</span><span class="pp-class-166 pa t38589 l3">my </span><span class="pp-class-166 pa t38589 l9068">and </span><span class="pp-class-166 pa t38589 l38590 ls556">world </span><span class="pp-class-166 pa t38589 l10673 ls1129">trade </span><span class="pp-class-166 pa t38589 l38591 ls96">therefore </span><span class="pp-class-166 pa t38589 l38592 ls48">have </span><span class="pp-class-166 pa t38589 l38593">a </span><span class="pp-class-166 pa t38589 l38594 ls234">material </span><span class="pp-class-166 pa t38589 l38595 ls1636">impact </span><span class="pp-class-166 pa t38589 l38596">on </span><span class="pp-class-166 pa t38589 l9378">the </span><span class="pp-class-166 pa t38589 l11065 ls2708">division’s </span><span class="pp-class-166 pa t38589 l37313 ls564">future </span><span class="pp-class-166 pa t38597 l3 ls234">net </span><span class="pp-class-166 pa t38597 l2647 ls923">cash </span><span class="pp-class-166 pa t38597 l38598 ls189">flow. </span><span class="pp-class-166 pa t38597 l26349 ls205">Developments </span><span class="pp-class-166 pa t38597 l30268">in </span><span class="pp-class-166 pa t38597 l27900 ls1346">gross </span><span class="pp-class-166 pa t38597 l38599 ls564">profit </span><span class="pp-class-166 pa t38597 l38600">per </span><span class="pp-class-166 pa t38597 l10927 ls3094">shipment, </span><span class="pp-class-166 pa t38597 l30513 ls3490">cost </span><span class="pp-class-166 pa t38597 l38601 ls205">development </span><span class="pp-class-166 pa t38602 l3">and </span><span class="pp-class-166 pa t38602 l1192">management </span><span class="pp-class-166 pa t38602 l31588 ls205">initiatives </span><span class="pp-class-166 pa t38602 l23954 ls66">relating </span><span class="pp-class-166 pa t38602 l38603 ls135">to </span><span class="pp-class-166 pa t38602 l38604 ls234">internal </span><span class="pp-class-166 pa t38602 l18984 ls1881">productivity </span><span class="pp-class-166 pa t38602 l38605">(number </span><span class="pp-class-166 pa t38602 l38606">of </span><span class="pp-class-166 pa t38607 l3">shipments </span><span class="pp-class-166 pa t38607 l38608">per </span><span class="pp-class-166 pa t38607 l38609">employee) </span><span class="pp-class-166 pa t38607 l38610">also </span><span class="pp-class-166 pa t38607 l33341 ls2221">affect </span><span class="pp-class-166 pa t38607 l38611">the </span><span class="pp-class-166 pa t38607 l19822 ls2708">division’s </span><span class="pp-class-166 pa t38607 l38612 ls923">cash </span><span class="pp-class-166 pa t38607 l38613 ls1122">flow.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38614 l3 ls2307">Road</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38615 l3">The </span><span class="pp-class-166 pa t38615 l1525 ls1122">Road </span><span class="pp-class-166 pa t38615 l9924">division </span><span class="pp-class-166 pa t38615 l9925 ls3962">operates </span><span class="pp-class-166 pa t38615 l38616">a </span><span class="pp-class-166 pa t38615 l38617 ls1418">European </span><span class="pp-class-166 pa t38615 l38618 ls923">network </span><span class="pp-class-166 pa t38615 l38619">and </span><span class="pp-class-166 pa t38615 l38620 ls86">furthermore </span><span class="pp-class-166 pa t38615 l38621">has </span><span class="pp-class-166 pa t38615 l20235 ls154">operations </span><span class="pp-class-166 pa t38622 l3">in </span><span class="pp-class-166 pa t38622 l1746 ls556">Americas, </span><span class="pp-class-166 pa t38622 l38623 ls2050">Asia </span><span class="pp-class-166 pa t38622 l29443 ls1598">Pacific, </span><span class="pp-class-166 pa t38622 l33925">Middle </span><span class="pp-class-166 pa t38622 l38624 ls1122">East </span><span class="pp-class-166 pa t38622 l38625">and </span><span class="pp-class-166 pa t38622 l37769 ls461">Africa, </span><span class="pp-class-166 pa t38622 l38626">which </span><span class="pp-class-166 pa t38622 l38627 ls101">means </span><span class="pp-class-166 pa t38622 l38628">that </span><span class="pp-class-166 pa t38622 l38629">the </span><span class="pp-class-166 pa t38622 l38630 ls2708">division’s </span><span class="pp-class-166 pa t38631 l3 ls1402">future </span><span class="pp-class-166 pa t38631 l37599 ls1416">net </span><span class="pp-class-166 pa t38631 l9044 ls1343">cash </span><span class="pp-class-166 pa t38631 l38632 ls1740">flow </span><span class="pp-class-166 pa t38631 l38633 ls2540">is </span><span class="pp-class-166 pa t38631 l1243 ls1674">affected </span><span class="pp-class-166 pa t38631 l16275 ls2540">by </span><span class="pp-class-166 pa t38631 l38634 ls1528">the </span><span class="pp-class-166 pa t38631 l38635 ls1674">growth </span><span class="pp-class-166 pa t38631 l38636 ls1663">rate </span><span class="pp-class-166 pa t38631 l38637 ls2540">in </span><span class="pp-class-166 pa t38631 l38638 ls2061">these </span><span class="pp-class-166 pa t38631 l38639 ls3181">regions. </span><span class="pp-class-166 pa t38631 l38640 ls4405">Develop-</span><span class="pp-class-166 pa t38641 l3 ls2061">ments </span><span class="pp-class-166 pa t38641 l13166 ls2540">in </span><span class="pp-class-166 pa t38641 l2416 ls2487">gross </span><span class="pp-class-166 pa t38641 l38642 ls1402">profit </span><span class="pp-class-166 pa t38641 l38643 ls1528">per </span><span class="pp-class-166 pa t38641 l5458 ls226">shipment, </span><span class="pp-class-166 pa t38641 l38644 ls614">including </span><span class="pp-class-166 pa t38641 l3400 ls2061">truck </span><span class="pp-class-166 pa t38641 l38645 ls1528">and </span><span class="pp-class-166 pa t38641 l38646 ls2382">terminal </span><span class="pp-class-166 pa t38641 l38647 ls3962">utilisation </span><span class="pp-class-166 pa t38641 l38648 ls10352">rates, </span><span class="pp-class-166 pa t38649 l3 ls3490">cost </span><span class="pp-class-166 pa t38649 l10527 ls205">development </span><span class="pp-class-166 pa t38649 l13654">and </span><span class="pp-class-166 pa t38649 l18082">management </span><span class="pp-class-166 pa t38649 l38650 ls205">initiatives </span><span class="pp-class-166 pa t38649 l20835 ls66">relating </span><span class="pp-class-166 pa t38649 l2146 ls135">to </span><span class="pp-class-166 pa t38649 l38651 ls234">internal </span><span class="pp-class-166 pa t38649 l10174 ls1881">productivity </span><span class="pp-class-166 pa t38652 l3">(number </span><span class="pp-class-166 pa t38652 l37122">of </span><span class="pp-class-166 pa t38652 l38653">shipments </span><span class="pp-class-166 pa t38652 l30691">per </span><span class="pp-class-166 pa t38652 l38654">employee) </span><span class="pp-class-166 pa t38652 l26612">also </span><span class="pp-class-166 pa t38652 l31731 ls2221">affect </span><span class="pp-class-166 pa t38652 l36519">the </span><span class="pp-class-166 pa t38652 l38655 ls2708">division’s </span><span class="pp-class-166 pa t38652 l38656 ls923">cash </span><span class="pp-class-166 pa t38652 l38657 ls1122">flow.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38658 l3 ls1683">Contract </span><span class="pp-class-172 pa t38658 l22046 ls1026">Logistics</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38659 l3">The </span><span class="pp-class-166 pa t38659 l1525 ls461">Contract </span><span class="pp-class-166 pa t38659 l20802 ls101">Logistics </span><span class="pp-class-166 pa t38659 l37175">division </span><span class="pp-class-166 pa t38659 l33543 ls3962">operates </span><span class="pp-class-166 pa t38659 l38660 ls1428">globally, </span><span class="pp-class-166 pa t38659 l38661">so </span><span class="pp-class-166 pa t38659 l30738 ls205">developments </span><span class="pp-class-166 pa t38659 l38662">in </span><span class="pp-class-166 pa t38659 l38663">the </span><span class="pp-class-166 pa t38659 l38664">global </span><span class="pp-class-166 pa t38665 l3 ls187">economy </span><span class="pp-class-166 pa t38665 l5263">and </span><span class="pp-class-166 pa t38665 l2331 ls556">world </span><span class="pp-class-166 pa t38665 l38666 ls1129">trade </span><span class="pp-class-166 pa t38665 l37191 ls96">therefore </span><span class="pp-class-166 pa t38665 l38667 ls48">have </span><span class="pp-class-166 pa t38665 l38668">a </span><span class="pp-class-166 pa t38665 l38669 ls234">material </span><span class="pp-class-166 pa t38665 l38670 ls1636">impact </span><span class="pp-class-166 pa t38665 l38671">on </span><span class="pp-class-166 pa t38665 l38672">the </span><span class="pp-class-166 pa t38665 l38673 ls2708">division’s </span><span class="pp-class-166 pa t38674 l3 ls564">future </span><span class="pp-class-166 pa t38674 l9041 ls234">net </span><span class="pp-class-166 pa t38674 l11997 ls923">cash </span><span class="pp-class-166 pa t38674 l12058 ls189">flow. </span><span class="pp-class-166 pa t38674 l38675 ls205">Developments </span><span class="pp-class-166 pa t38674 l38676">in </span><span class="pp-class-166 pa t38674 l4879 ls3490">warehouse </span><span class="pp-class-166 pa t38674 l38677 ls101">lease </span><span class="pp-class-166 pa t38674 l38678 ls1129">costs </span><span class="pp-class-166 pa t38674 l38679">and </span><span class="pp-class-166 pa t38674 l38680 ls1129">costs </span><span class="pp-class-166 pa t38674 l38681">of </span><span class="pp-class-166 pa t38682 l3 ls1766">related </span><span class="pp-class-166 pa t38682 l10312 ls890">services, </span><span class="pp-class-166 pa t38682 l38683">utilisation </span><span class="pp-class-166 pa t38682 l2833">of </span><span class="pp-class-166 pa t38682 l33926 ls3490">warehouse </span><span class="pp-class-166 pa t38682 l38684 ls154">facilities, </span><span class="pp-class-166 pa t38682 l33913 ls3490">cost </span><span class="pp-class-166 pa t38682 l38685 ls205">development </span><span class="pp-class-166 pa t38682 l13652">and </span><span class="pp-class-166 pa t38686 l3">management </span><span class="pp-class-166 pa t38686 l15496 ls205">initiatives </span><span class="pp-class-166 pa t38686 l9410 ls66">relating </span><span class="pp-class-166 pa t38686 l38687 ls135">to </span><span class="pp-class-166 pa t38686 l2194 ls234">internal </span><span class="pp-class-166 pa t38686 l10589 ls1881">productivity </span><span class="pp-class-166 pa t38686 l38688">(number </span><span class="pp-class-166 pa t38686 l32943">of </span><span class="pp-class-166 pa t38686 l38689 ls497">order </span><span class="pp-class-166 pa t38686 l38690">lines </span><span class="pp-class-166 pa t38691 l3">per </span><span class="pp-class-166 pa t38691 l12793">employee) </span><span class="pp-class-166 pa t38691 l38692">also </span><span class="pp-class-166 pa t38691 l38693 ls2221">affect </span><span class="pp-class-166 pa t38691 l38694">the </span><span class="pp-class-166 pa t38691 l38695 ls2708">division’s </span><span class="pp-class-166 pa t38691 l38696 ls923">cash </span><span class="pp-class-166 pa t38691 l38697">flows.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38698 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t38698 l36435 ls5278">risks</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38699 l3 ls205">Management </span><span class="pp-class-166 pa t38699 l35455">has </span><span class="pp-class-166 pa t38699 l31045 ls226">assessed </span><span class="pp-class-166 pa t38699 l21478">that </span><span class="pp-class-166 pa t38699 l38700">no </span><span class="pp-class-166 pa t38699 l38701 ls2061">climate-related </span><span class="pp-class-166 pa t38699 l33884 ls205">assumptions </span><span class="pp-class-166 pa t38699 l38702 ls228">are </span><span class="pp-class-166 pa t38699 l10679 ls1119">key </span><span class="pp-class-166 pa t38699 l33738">as-</span><span class="pp-class-166 pa t38703 l3">sumptions </span><span class="pp-class-166 pa t38703 l38704 ls228">for </span><span class="pp-class-166 pa t38703 l7029">the </span><span class="pp-class-166 pa t38703 l38705">2025 </span><span class="pp-class-166 pa t38703 l38706">impairment </span><span class="pp-class-166 pa t38703 l15046 ls3490">test </span><span class="pp-class-166 pa t38703 l38707">of </span><span class="pp-class-166 pa t38703 l36794">goodwill. </span><span class="pp-class-166 pa t38703 l10917 ls226">Investments </span><span class="pp-class-166 pa t38703 l38708 ls977">associated </span><span class="pp-class-166 pa t38709 l3">with </span><span class="pp-class-166 pa t38709 l3388">our </span><span class="pp-class-166 pa t38709 l9737 ls187">climate </span><span class="pp-class-166 pa t38709 l38710">change </span><span class="pp-class-166 pa t38709 l38711 ls205">initiatives, </span><span class="pp-class-166 pa t38709 l23194">including </span><span class="pp-class-166 pa t38709 l38712">our </span><span class="pp-class-166 pa t38709 l37349 ls923">commitment </span><span class="pp-class-166 pa t38709 l8631 ls135">to </span><span class="pp-class-166 pa t38709 l36380">achieving </span><span class="pp-class-166 pa t38713 l3 ls2690">net-zero </span><span class="pp-class-166 pa t38713 l5100 ls93">carbon </span><span class="pp-class-166 pa t38713 l9996 ls205">emissions, </span><span class="pp-class-166 pa t38713 l20699 ls228">are </span><span class="pp-class-166 pa t38713 l38714 ls564">considered </span><span class="pp-class-166 pa t38713 l38715">when </span><span class="pp-class-166 pa t38713 l33784 ls180">determining </span><span class="pp-class-166 pa t38713 l38716">the </span><span class="pp-class-166 pa t38713 l5614 ls4372">recoverable </span><span class="pp-class-166 pa t38717 l3">amount </span><span class="pp-class-166 pa t38717 l34655">of </span><span class="pp-class-166 pa t38717 l32564 ls48">each </span><span class="pp-class-166 pa t38717 l6159 ls977">cash-generating </span><span class="pp-class-166 pa t38717 l20797 ls38718">unit.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39458 l3 ls4852">Management </span><span class="pp-class-170 pa t39458 l36376 ls4852">judgements </span><span class="pp-class-170 pa t39458 l36377 ls2257">and </span><span class="pp-class-170 pa t39458 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39459 l3">Judgement </span><span class="pp-class-166 pa t39459 l18929">is </span><span class="pp-class-166 pa t39459 l39460">applied </span><span class="pp-class-166 pa t39459 l39461">in </span><span class="pp-class-166 pa t39459 l39462 ls180">determining </span><span class="pp-class-166 pa t39459 l19274">the </span><span class="pp-class-166 pa t39459 l39463 ls2022">depreciation </span><span class="pp-class-166 pa t39459 l9484">period </span><span class="pp-class-166 pa t39459 l34510">and </span><span class="pp-class-166 pa t39459 l39464 ls564">future </span><span class="pp-class-166 pa t39459 l27094 ls66">residual </span><span class="pp-class-166 pa t39465 l3 ls101">value </span><span class="pp-class-166 pa t39465 l39466">of </span><span class="pp-class-166 pa t39465 l39467">the </span><span class="pp-class-166 pa t39465 l39468 ls4053">assets </span><span class="pp-class-166 pa t39465 l39469 ls564">recognised </span><span class="pp-class-166 pa t39465 l39470">and </span><span class="pp-class-166 pa t39465 l39471">is </span><span class="pp-class-166 pa t39465 l32876 ls1217">generally </span><span class="pp-class-166 pa t39465 l32197">based </span><span class="pp-class-166 pa t39465 l35685">on </span><span class="pp-class-166 pa t39465 l27215 ls164">historical </span><span class="pp-class-166 pa t39465 l39472 ls1119">experience. </span><span class="pp-class-166 pa t39473 l3 ls154">Reassessment </span><span class="pp-class-166 pa t39473 l39474">is </span><span class="pp-class-166 pa t39473 l39475">done </span><span class="pp-class-166 pa t39473 l5617">annually </span><span class="pp-class-166 pa t39473 l39476 ls135">to </span><span class="pp-class-166 pa t39473 l39477 ls1428">ascertain </span><span class="pp-class-166 pa t39473 l39478">that </span><span class="pp-class-166 pa t39473 l5632">the </span><span class="pp-class-166 pa t39473 l34613 ls2022">depreciation </span><span class="pp-class-166 pa t39473 l3779">basis </span><span class="pp-class-166 pa t39473 l13004">applied </span><span class="pp-class-166 pa t39479 l3">is </span><span class="pp-class-166 pa t39479 l5798 ls556">still </span><span class="pp-class-166 pa t39479 l39480 ls497">representative </span><span class="pp-class-166 pa t39479 l39481">and </span><span class="pp-class-166 pa t39479 l39482 ls461">reflects </span><span class="pp-class-166 pa t39479 l10669">the </span><span class="pp-class-166 pa t39479 l39483 ls70">expected </span><span class="pp-class-166 pa t39479 l31169 ls267">life </span><span class="pp-class-166 pa t39479 l39484">and </span><span class="pp-class-166 pa t39479 l39485 ls564">future </span><span class="pp-class-166 pa t39479 l39486 ls66">residual </span><span class="pp-class-166 pa t39479 l21088 ls101">value </span><span class="pp-class-166 pa t39479 l39487">of </span><span class="pp-class-166 pa t39488 l3">the </span><span class="pp-class-166 pa t39488 l1913 ls4053">assets.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39489 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t39489 l36435 ls5278">risks</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39490 l3 ls205">Management </span><span class="pp-class-166 pa t39490 l35455">has </span><span class="pp-class-166 pa t39490 l31045 ls564">considered </span><span class="pp-class-166 pa t39490 l12235">the </span><span class="pp-class-166 pa t39490 l39491 ls1428">influence </span><span class="pp-class-166 pa t39490 l39492">of </span><span class="pp-class-166 pa t39490 l39493 ls2061">climate-related </span><span class="pp-class-166 pa t39490 l27295 ls1831">risks </span><span class="pp-class-166 pa t39490 l39494">on </span><span class="pp-class-166 pa t39490 l39495 ls1849">property, </span><span class="pp-class-166 pa t39496 l3">plant </span><span class="pp-class-166 pa t39496 l15290">and </span><span class="pp-class-166 pa t39496 l39497 ls4088">equipment, </span><span class="pp-class-166 pa t39496 l28250">including </span><span class="pp-class-166 pa t39496 l39498 ls66">inherent </span><span class="pp-class-166 pa t39496 l4378 ls1636">impact </span><span class="pp-class-166 pa t39496 l36858">on </span><span class="pp-class-166 pa t39496 l39499">useful </span><span class="pp-class-166 pa t39496 l39500 ls101">lives </span><span class="pp-class-166 pa t39496 l39501">of </span><span class="pp-class-166 pa t39496 l39502">underlying </span><span class="pp-class-166 pa t39503 l3 ls1428">asset </span><span class="pp-class-166 pa t39503 l37762 ls856">groups. </span><span class="pp-class-166 pa t39503 l29411 ls2061">Climate-related </span><span class="pp-class-166 pa t39503 l39504 ls1831">risks </span><span class="pp-class-166 pa t39503 l39505 ls226">assessed </span><span class="pp-class-166 pa t39503 l39506 ls704">encompass </span><span class="pp-class-166 pa t39503 l27557 ls2382">accelerated </span><span class="pp-class-166 pa t39503 l39507 ls1428">technolog-</span><span class="pp-class-166 pa t39508 l3 ls923">ical </span><span class="pp-class-166 pa t39508 l5799 ls218">deterioration </span><span class="pp-class-166 pa t39508 l39509">of </span><span class="pp-class-166 pa t39508 l39510 ls4053">assets </span><span class="pp-class-166 pa t39508 l39511">due </span><span class="pp-class-166 pa t39508 l27204 ls135">to </span><span class="pp-class-166 pa t39508 l26503 ls2061">climate-related </span><span class="pp-class-166 pa t39508 l39512 ls205">innovations, </span><span class="pp-class-166 pa t39508 l39513 ls3342">regulatory </span><span class="pp-class-166 pa t39514 l3 ls4405">requirements </span><span class="pp-class-166 pa t39514 l20793">and </span><span class="pp-class-166 pa t39514 l20794 ls740">customer </span><span class="pp-class-166 pa t39514 l28408">demand, </span><span class="pp-class-166 pa t39514 l39515">as </span><span class="pp-class-166 pa t39514 l39516 ls1122">well </span><span class="pp-class-166 pa t39514 l31187">as </span><span class="pp-class-166 pa t39514 l23975 ls107">increased </span><span class="pp-class-166 pa t39514 l1560">demolition </span><span class="pp-class-166 pa t39514 l39517">and </span><span class="pp-class-166 pa t39514 l1974 ls39518">re-</span><span class="pp-class-166 pa t39519 l3 ls3490">storation </span><span class="pp-class-166 pa t39519 l20224 ls1129">costs </span><span class="pp-class-166 pa t39519 l39520">on </span><span class="pp-class-166 pa t39519 l26755 ls66">premises </span><span class="pp-class-166 pa t39519 l39521 ls946">vacated, </span><span class="pp-class-166 pa t39519 l26398">due </span><span class="pp-class-166 pa t39519 l33299 ls135">to </span><span class="pp-class-166 pa t39519 l39522 ls552">stricter </span><span class="pp-class-166 pa t39519 l27007 ls851">environmental </span><span class="pp-class-166 pa t39519 l39523 ls740">regulations.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3427 l3 ls4852">Management </span><span class="pp-class-170 pa t3427 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3427 l36377 ls2257">and </span><span class="pp-class-170 pa t3427 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">In </span><span class="pp-class-166 pa t3439 l1589">the </span><span class="pp-class-166 pa t3439 l2053 ls614">preparation </span><span class="pp-class-166 pa t3439 l14960">of </span><span class="pp-class-166 pa t3439 l21528">the </span><span class="pp-class-166 pa t3439 l39572 ls1119">consolidated </span><span class="pp-class-166 pa t3439 l39573">financial </span><span class="pp-class-166 pa t3439 l39574 ls189">statements, </span><span class="pp-class-166 pa t3439 l39575 ls226">significant </span><span class="pp-class-166 pa t3439 l39576 ls461">esti-</span><span class="pp-class-166 pa t3451 l3 ls189">mates </span><span class="pp-class-166 pa t3451 l12338 ls228">are </span><span class="pp-class-166 pa t3451 l33156">applied </span><span class="pp-class-166 pa t3451 l39431">in </span><span class="pp-class-166 pa t3451 l39577 ls48">assessing </span><span class="pp-class-166 pa t3451 l18390 ls457">services </span><span class="pp-class-166 pa t3451 l39578">in </span><span class="pp-class-166 pa t3451 l39579 ls2081">progress, </span><span class="pp-class-166 pa t3451 l39580">including </span><span class="pp-class-166 pa t3451 l12291 ls187">accrual </span><span class="pp-class-166 pa t3451 l22358">of </span><span class="pp-class-166 pa t3451 l39581 ls740">income </span><span class="pp-class-166 pa t3466 l3">and </span><span class="pp-class-166 pa t3466 l1192">pertaining </span><span class="pp-class-166 pa t3466 l39582 ls1575">direct </span><span class="pp-class-166 pa t3466 l8870 ls2540">costs. </span><span class="pp-class-166 pa t3466 l39583">These </span><span class="pp-class-166 pa t3466 l27552 ls1217">estimates </span><span class="pp-class-166 pa t3466 l39584 ls228">are </span><span class="pp-class-166 pa t3466 l20878">based </span><span class="pp-class-166 pa t3466 l39585">on </span><span class="pp-class-166 pa t3466 l32370 ls189">experience </span><span class="pp-class-166 pa t3466 l12412">and </span><span class="pp-class-166 pa t3466 l22235 ls614">con-</span><span class="pp-class-166 pa t3471 l3">tinuous </span><span class="pp-class-166 pa t3471 l4625 ls851">follow-up </span><span class="pp-class-166 pa t3471 l3128">on </span><span class="pp-class-166 pa t3471 l39586 ls457">services </span><span class="pp-class-166 pa t3471 l39587">in </span><span class="pp-class-166 pa t3471 l21536 ls3681">progress </span><span class="pp-class-166 pa t3471 l7486 ls1528">relative </span><span class="pp-class-166 pa t3471 l12247 ls135">to </span><span class="pp-class-166 pa t3471 l39588 ls3042">subsequent </span><span class="pp-class-166 pa t3471 l39589 ls394">invoicing.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39864 l3 ls4852">Management </span><span class="pp-class-170 pa t39864 l36376 ls4852">judgements </span><span class="pp-class-170 pa t39864 l36377 ls2257">and </span><span class="pp-class-170 pa t39864 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39746 l3">In </span><span class="pp-class-166 pa t39746 l1589 ls946">accounting </span><span class="pp-class-166 pa t39746 l39865 ls228">for </span><span class="pp-class-166 pa t39746 l39866 ls101">lease </span><span class="pp-class-166 pa t39746 l13367 ls1761">contracts, </span><span class="pp-class-166 pa t39746 l12887 ls455">various </span><span class="pp-class-166 pa t39746 l39867">judgements </span><span class="pp-class-166 pa t39746 l20648 ls228">are </span><span class="pp-class-166 pa t39746 l39868">applied </span><span class="pp-class-166 pa t39746 l39869">in </span><span class="pp-class-166 pa t39746 l39870 ls180">determining </span><span class="pp-class-166 pa t39752 l3 ls614">ROU </span><span class="pp-class-166 pa t39752 l39871 ls2870">assets </span><span class="pp-class-166 pa t39752 l28343 ls1528">and </span><span class="pp-class-166 pa t39752 l39872 ls2236">lease </span><span class="pp-class-166 pa t39752 l4238 ls3490">liabilities. </span><span class="pp-class-166 pa t39752 l39873 ls3962">Judgements </span><span class="pp-class-166 pa t39752 l12846 ls1021">include </span><span class="pp-class-166 pa t39752 l30349 ls12989">assessment </span><span class="pp-class-166 pa t39752 l39874 ls2540">of </span><span class="pp-class-166 pa t39752 l39875 ls2236">lease </span><span class="pp-class-166 pa t39752 l39876 ls856">periods, </span><span class="pp-class-166 pa t39763 l3">utilisation </span><span class="pp-class-166 pa t39763 l39877">of </span><span class="pp-class-166 pa t39763 l39878 ls853">extension </span><span class="pp-class-166 pa t39763 l8585">and </span><span class="pp-class-166 pa t39763 l39879 ls86">termination </span><span class="pp-class-166 pa t39763 l37709">options </span><span class="pp-class-166 pa t39763 l39880">and </span><span class="pp-class-166 pa t39763 l39881 ls1026">applicable </span><span class="pp-class-166 pa t39763 l39882 ls234">discount </span><span class="pp-class-166 pa t39763 l30721 ls2870">rates. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40209 l3 ls4852">Management </span><span class="pp-class-170 pa t40209 l36376 ls4852">judgements </span><span class="pp-class-170 pa t40209 l36377 ls2257">and </span><span class="pp-class-170 pa t40209 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40210 l3">In </span><span class="pp-class-166 pa t40210 l1589 ls180">determining </span><span class="pp-class-166 pa t40210 l40211">pension </span><span class="pp-class-166 pa t40210 l40212">obligations, </span><span class="pp-class-166 pa t40210 l9979 ls205">Management </span><span class="pp-class-166 pa t40210 l6412 ls189">makes </span><span class="pp-class-166 pa t40210 l40213">use </span><span class="pp-class-166 pa t40210 l40214">of </span><span class="pp-class-166 pa t40210 l40215 ls205">valuations </span><span class="pp-class-166 pa t40210 l40216 ls267">from </span><span class="pp-class-166 pa t40217 l3 ls59">external </span><span class="pp-class-166 pa t40217 l8707">and </span><span class="pp-class-166 pa t40217 l37606">independent </span><span class="pp-class-166 pa t40217 l40218 ls2030">actuaries </span><span class="pp-class-166 pa t40217 l1706">as </span><span class="pp-class-166 pa t40217 l40219">basis </span><span class="pp-class-166 pa t40217 l40220 ls228">for </span><span class="pp-class-166 pa t40217 l40221">the </span><span class="pp-class-166 pa t40217 l12918 ls1217">estimates </span><span class="pp-class-166 pa t40217 l40222">applied. </span><span class="pp-class-166 pa t40217 l40223">The </span><span class="pp-class-166 pa t40224 l3 ls2030">actuarial </span><span class="pp-class-166 pa t40224 l40225 ls205">assumptions </span><span class="pp-class-166 pa t40224 l16117">used </span><span class="pp-class-166 pa t40224 l28028">in </span><span class="pp-class-166 pa t40224 l27652">the </span><span class="pp-class-166 pa t40224 l40226 ls205">valuations </span><span class="pp-class-166 pa t40224 l40227 ls2030">vary </span><span class="pp-class-166 pa t40224 l40228 ls267">from </span><span class="pp-class-166 pa t40224 l40229 ls101">country </span><span class="pp-class-166 pa t40224 l40230 ls135">to </span><span class="pp-class-166 pa t40224 l40231 ls101">country </span><span class="pp-class-166 pa t40232 l3">owing </span><span class="pp-class-166 pa t40232 l31560 ls135">to </span><span class="pp-class-166 pa t40232 l24002">national, </span><span class="pp-class-166 pa t40232 l40233 ls234">economic </span><span class="pp-class-166 pa t40232 l40234">and </span><span class="pp-class-166 pa t40232 l40235">social </span><span class="pp-class-166 pa t40232 l40236 ls923">conditions.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3406 l3 ls4852">Management </span><span class="pp-class-170 pa t3406 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3406 l36377 ls2257">and </span><span class="pp-class-170 pa t3406 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3722 l3 ls205">Management </span><span class="pp-class-166 pa t3722 l35455 ls86">continually </span><span class="pp-class-166 pa t3722 l20262 ls226">assesses </span><span class="pp-class-166 pa t3722 l40712 ls740">provisions, </span><span class="pp-class-166 pa t3722 l40713">including </span><span class="pp-class-166 pa t3722 l5321 ls1575">contingencies </span><span class="pp-class-166 pa t3722 l40714">and </span><span class="pp-class-166 pa t3722 l40715">the </span><span class="pp-class-166 pa t3728 l3 ls740">likely </span><span class="pp-class-166 pa t3728 l40716 ls614">outcome </span><span class="pp-class-166 pa t3728 l9715">of </span><span class="pp-class-166 pa t3728 l7240">pending </span><span class="pp-class-166 pa t3728 l5744">and </span><span class="pp-class-166 pa t3728 l40717 ls2540">potential </span><span class="pp-class-166 pa t3728 l31270">legal </span><span class="pp-class-166 pa t3728 l40718 ls1528">proceedings. </span><span class="pp-class-166 pa t3728 l40719">The </span><span class="pp-class-166 pa t3728 l4971 ls614">outcome </span><span class="pp-class-166 pa t3728 l39012">of </span><span class="pp-class-166 pa t3728 l40720">such </span><span class="pp-class-166 pa t3417 l3 ls5508">proceedings </span><span class="pp-class-166 pa t3417 l40721">depends </span><span class="pp-class-166 pa t3417 l29336">on </span><span class="pp-class-166 pa t3417 l40722 ls564">future </span><span class="pp-class-166 pa t3417 l40723 ls455">events, </span><span class="pp-class-166 pa t3417 l40724">which </span><span class="pp-class-166 pa t3417 l29367 ls267">are, </span><span class="pp-class-166 pa t3417 l9352">by </span><span class="pp-class-166 pa t3417 l40725 ls856">nature, </span><span class="pp-class-166 pa t3417 l40726 ls923">uncertain. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">When </span><span class="pp-class-166 pa t3439 l4926 ls86">considering </span><span class="pp-class-166 pa t3439 l40727 ls164">provisions </span><span class="pp-class-166 pa t3439 l40728 ls394">involving </span><span class="pp-class-166 pa t3439 l40729 ls226">significant </span><span class="pp-class-166 pa t3439 l40730 ls154">estimates, </span><span class="pp-class-166 pa t3439 l12064">opinions </span><span class="pp-class-166 pa t3439 l28648">and </span><span class="pp-class-166 pa t3451 l3 ls1217">estimates </span><span class="pp-class-166 pa t3451 l36400">by </span><span class="pp-class-166 pa t3451 l40731 ls59">external </span><span class="pp-class-166 pa t3451 l40732">legal </span><span class="pp-class-166 pa t3451 l40733 ls205">experts </span><span class="pp-class-166 pa t3451 l37069">as </span><span class="pp-class-166 pa t3451 l40734 ls1122">well </span><span class="pp-class-166 pa t3451 l40598">as </span><span class="pp-class-166 pa t3451 l40735 ls187">existing </span><span class="pp-class-166 pa t3451 l40736 ls923">case </span><span class="pp-class-166 pa t3451 l40737">law </span><span class="pp-class-166 pa t3451 l40738 ls228">are </span><span class="pp-class-166 pa t3451 l40739">applied </span><span class="pp-class-166 pa t3451 l40740">in </span><span class="pp-class-166 pa t3466 l3 ls48">assessing </span><span class="pp-class-166 pa t3466 l28067">the </span><span class="pp-class-166 pa t3466 l34237 ls66">probable </span><span class="pp-class-166 pa t3466 l40741 ls614">outcome </span><span class="pp-class-166 pa t3466 l14141">of </span><span class="pp-class-166 pa t3466 l37002 ls234">material </span><span class="pp-class-166 pa t3466 l28436">legal </span><span class="pp-class-166 pa t3466 l37275 ls1528">proceedings, </span><span class="pp-class-166 pa t3466 l40742 ls78">etc.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41696 l3 ls4852">Management </span><span class="pp-class-170 pa t41696 l36376 ls4852">judgements </span><span class="pp-class-170 pa t41696 l36377 ls2257">and </span><span class="pp-class-170 pa t41696 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41704 l3 ls205">Management </span><span class="pp-class-166 pa t41704 l35455">applies </span><span class="pp-class-166 pa t41704 l13598 ls226">significant </span><span class="pp-class-166 pa t41704 l39847">judgements </span><span class="pp-class-166 pa t41704 l43178">and </span><span class="pp-class-166 pa t41704 l12155 ls1217">estimates </span><span class="pp-class-166 pa t41704 l20649">when </span><span class="pp-class-166 pa t41704 l43179 ls5508">recognising </span><span class="pp-class-166 pa t41711 l3">and </span><span class="pp-class-166 pa t41711 l1192 ls394">measuring </span><span class="pp-class-166 pa t41711 l43180 ls228">deferred </span><span class="pp-class-166 pa t41711 l19411 ls946">tax </span><span class="pp-class-166 pa t41711 l43181 ls4053">assets </span><span class="pp-class-166 pa t41711 l27494">and </span><span class="pp-class-166 pa t41711 l6444 ls1428">uncertain </span><span class="pp-class-166 pa t41711 l5855 ls946">tax </span><span class="pp-class-166 pa t41711 l43182">positions. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42587 l3 ls228">Deferred </span><span class="pp-class-166 pa t42587 l13539 ls946">tax </span><span class="pp-class-166 pa t42587 l35167 ls428">assets, </span><span class="pp-class-166 pa t42587 l15038">including </span><span class="pp-class-166 pa t42587 l3100">the </span><span class="pp-class-166 pa t42587 l37612 ls946">tax </span><span class="pp-class-166 pa t42587 l43183">base </span><span class="pp-class-166 pa t42587 l43184">of </span><span class="pp-class-166 pa t42587 l43185 ls946">tax </span><span class="pp-class-166 pa t42587 l43186 ls48">loss </span><span class="pp-class-166 pa t42587 l38430 ls461">carryforwards, </span><span class="pp-class-166 pa t42587 l43187 ls228">are </span><span class="pp-class-166 pa t41720 l3 ls564">recognised </span><span class="pp-class-166 pa t41720 l39656">if </span><span class="pp-class-166 pa t41720 l43188">it </span><span class="pp-class-166 pa t41720 l43189">is </span><span class="pp-class-166 pa t41720 l20881 ls226">assessed </span><span class="pp-class-166 pa t41720 l43190">that </span><span class="pp-class-166 pa t41720 l28993 ls497">there </span><span class="pp-class-166 pa t41720 l43191">will </span><span class="pp-class-166 pa t41720 l43192">be </span><span class="pp-class-166 pa t41720 l25881 ls2471">sufficient </span><span class="pp-class-166 pa t41720 l43193 ls564">future </span><span class="pp-class-166 pa t41720 l43194 ls853">taxable </span><span class="pp-class-166 pa t41720 l29518 ls740">income </span><span class="pp-class-166 pa t41727 l3 ls48">against </span><span class="pp-class-166 pa t41727 l5126">which </span><span class="pp-class-166 pa t41727 l43195">the </span><span class="pp-class-166 pa t41727 l43113 ls826">temporary </span><span class="pp-class-166 pa t41727 l8831 ls52">differences </span><span class="pp-class-166 pa t41727 l9007">and </span><span class="pp-class-166 pa t41727 l7525">unutilised </span><span class="pp-class-166 pa t41727 l43196 ls946">tax </span><span class="pp-class-166 pa t41727 l43197 ls239">losses </span><span class="pp-class-166 pa t41727 l43198 ls234">can </span><span class="pp-class-166 pa t41727 l43199">be </span><span class="pp-class-166 pa t41727 l43200">uti-</span><span class="pp-class-166 pa t41734 l3">lised. </span><span class="pp-class-166 pa t41734 l43201">This </span><span class="pp-class-166 pa t41734 l16507 ls158">assessment </span><span class="pp-class-166 pa t41734 l43202">is </span><span class="pp-class-166 pa t41734 l10435">based </span><span class="pp-class-166 pa t41734 l43203">on </span><span class="pp-class-166 pa t41734 l21575 ls461">budgets </span><span class="pp-class-166 pa t41734 l43204">and </span><span class="pp-class-166 pa t41734 l43205 ls394">business </span><span class="pp-class-166 pa t41734 l43206">plans </span><span class="pp-class-166 pa t41734 l43207 ls228">for </span><span class="pp-class-166 pa t41734 l43208">the </span><span class="pp-class-166 pa t41734 l43209 ls851">following </span><span class="pp-class-166 pa t41743 l3 ls239">years, </span><span class="pp-class-166 pa t41743 l5053">including </span><span class="pp-class-166 pa t41743 l38134">planned </span><span class="pp-class-166 pa t41743 l30981 ls394">business </span><span class="pp-class-166 pa t41743 l14713 ls205">initiatives. </span><span class="pp-class-166 pa t41743 l43210 ls228">Deferred </span><span class="pp-class-166 pa t41743 l43211 ls946">tax </span><span class="pp-class-166 pa t41743 l43212 ls4053">assets </span><span class="pp-class-166 pa t41743 l13724 ls228">are </span><span class="pp-class-166 pa t41743 l43213 ls2870">tested </span><span class="pp-class-166 pa t42609 l3">annually </span><span class="pp-class-166 pa t42609 l1565">and </span><span class="pp-class-166 pa t42609 l43214 ls228">are </span><span class="pp-class-166 pa t42609 l36359">only </span><span class="pp-class-166 pa t42609 l43215 ls564">recognised </span><span class="pp-class-166 pa t42609 l7445">if </span><span class="pp-class-166 pa t42609 l43216">it </span><span class="pp-class-166 pa t42609 l14277">is </span><span class="pp-class-166 pa t42609 l43217 ls66">probable </span><span class="pp-class-166 pa t42609 l12350">that </span><span class="pp-class-166 pa t42609 l31457 ls564">future </span><span class="pp-class-166 pa t42609 l43218 ls853">taxable </span><span class="pp-class-166 pa t42609 l43219 ls564">profit </span><span class="pp-class-166 pa t41744 l3">will </span><span class="pp-class-166 pa t41744 l8982">allow </span><span class="pp-class-166 pa t41744 l33603">the </span><span class="pp-class-166 pa t41744 l28038 ls228">deferred </span><span class="pp-class-166 pa t41744 l26895 ls946">tax </span><span class="pp-class-166 pa t41744 l43220 ls1428">asset </span><span class="pp-class-166 pa t41744 l43221 ls135">to </span><span class="pp-class-166 pa t41744 l42482">be </span><span class="pp-class-166 pa t41744 l43222 ls2688">recovered.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41750 l3 ls1428">Uncertain </span><span class="pp-class-166 pa t41750 l43223 ls946">tax </span><span class="pp-class-166 pa t41750 l43224">positions </span><span class="pp-class-166 pa t41750 l5889">include </span><span class="pp-class-166 pa t41750 l33543">ongoing </span><span class="pp-class-166 pa t41750 l43225 ls234">disputes </span><span class="pp-class-166 pa t41750 l10209">with </span><span class="pp-class-166 pa t41750 l43226 ls946">tax </span><span class="pp-class-166 pa t41750 l43227">authorities </span><span class="pp-class-166 pa t41750 l43228">and </span><span class="pp-class-166 pa t41750 l43229 ls48">have </span><span class="pp-class-166 pa t41757 l3">been </span><span class="pp-class-166 pa t41757 l23971 ls66">provided </span><span class="pp-class-166 pa t41757 l38278 ls228">for </span><span class="pp-class-166 pa t41757 l27505">in </span><span class="pp-class-166 pa t41757 l9402 ls228">accordance </span><span class="pp-class-166 pa t41757 l41550">with </span><span class="pp-class-166 pa t41757 l11982">the </span><span class="pp-class-166 pa t41757 l38668 ls946">accounting </span><span class="pp-class-166 pa t41757 l43230">policies. </span><span class="pp-class-166 pa t41757 l43231 ls205">Management </span><span class="pp-class-166 pa t42629 l3 ls394">believes </span><span class="pp-class-166 pa t42629 l4597">that </span><span class="pp-class-166 pa t42629 l43232">the </span><span class="pp-class-166 pa t42629 l11272 ls164">provisions </span><span class="pp-class-166 pa t42629 l43233">made </span><span class="pp-class-166 pa t42629 l43234 ls228">are </span><span class="pp-class-166 pa t42629 l19288 ls1428">adequate. </span><span class="pp-class-166 pa t42629 l5632">The </span><span class="pp-class-166 pa t42629 l43235 ls1636">actual </span><span class="pp-class-166 pa t42629 l43236">obligations </span><span class="pp-class-166 pa t42629 l25818">may </span><span class="pp-class-166 pa t41758 l3 ls187">deviate </span><span class="pp-class-166 pa t41758 l37931">as </span><span class="pp-class-166 pa t41758 l25900 ls890">they </span><span class="pp-class-166 pa t41758 l10845">depend </span><span class="pp-class-166 pa t41758 l43237">on </span><span class="pp-class-166 pa t41758 l31310">the </span><span class="pp-class-166 pa t41758 l27625 ls564">result </span><span class="pp-class-166 pa t41758 l43238">of </span><span class="pp-class-166 pa t41758 l32898">litigations </span><span class="pp-class-166 pa t41758 l38850">and </span><span class="pp-class-166 pa t41758 l43239 ls226">settlements </span><span class="pp-class-166 pa t41758 l43240">with </span><span class="pp-class-166 pa t41758 l43241">the </span><span class="pp-class-166 pa t41759 l3 ls1528">relevant </span><span class="pp-class-166 pa t41759 l32957 ls946">tax </span><span class="pp-class-166 pa t41759 l8592">authorities.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41777 l3">Of </span><span class="pp-class-166 pa t41777 l14886 ls1528">unrecognised </span><span class="pp-class-166 pa t41777 l979 ls946">tax </span><span class="pp-class-166 pa t41777 l38725 ls48">loss </span><span class="pp-class-166 pa t41777 l43242 ls461">carryforwards, </span><span class="pp-class-166 pa t41777 l43243">DKK </span><span class="pp-class-166 pa t41777 l37694">210 </span><span class="pp-class-166 pa t41777 l43244">million </span><span class="pp-class-166 pa t41777 l43245">(2024: </span><span class="pp-class-166 pa t41777 l43246">DKK </span><span class="pp-class-166 pa t41777 l43247">198 </span><span class="pp-class-166 pa t41783 l3">million) </span><span class="pp-class-166 pa t41783 l861">may </span><span class="pp-class-166 pa t41783 l23127">be </span><span class="pp-class-166 pa t41783 l215 ls234">carried </span><span class="pp-class-166 pa t41783 l14414 ls4372">forward </span><span class="pp-class-166 pa t41783 l43248 ls147">indefinitely.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43462 l3 ls4852">Management </span><span class="pp-class-170 pa t43462 l36376 ls4852">judgements </span><span class="pp-class-170 pa t43462 l36377 ls2257">and </span><span class="pp-class-170 pa t43462 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43463 l3">In </span><span class="pp-class-166 pa t43463 l1589">applying </span><span class="pp-class-166 pa t43463 l43464">the </span><span class="pp-class-166 pa t43463 l4194 ls86">acquisition </span><span class="pp-class-166 pa t43463 l43465 ls93">method </span><span class="pp-class-166 pa t43463 l43466">of </span><span class="pp-class-166 pa t43463 l43467 ls149">accounting, </span><span class="pp-class-166 pa t43463 l43468 ls1217">estimates </span><span class="pp-class-166 pa t43463 l43469 ls228">are </span><span class="pp-class-166 pa t43463 l43470">an </span><span class="pp-class-166 pa t43463 l43471 ls3962">integral </span><span class="pp-class-166 pa t43472 l3 ls2390">part </span><span class="pp-class-166 pa t43472 l41808">of </span><span class="pp-class-166 pa t43472 l22020 ls48">assessing </span><span class="pp-class-166 pa t43472 l43473 ls2307">fair </span><span class="pp-class-166 pa t43472 l43474 ls239">values </span><span class="pp-class-166 pa t43472 l36360">of </span><span class="pp-class-166 pa t43472 l43475 ls946">several </span><span class="pp-class-166 pa t43472 l43476">identifiable </span><span class="pp-class-166 pa t43472 l43477 ls4053">assets </span><span class="pp-class-166 pa t43472 l40246 ls265">acquired </span><span class="pp-class-166 pa t43472 l25769">and </span><span class="pp-class-166 pa t43472 l43478">liabilities </span><span class="pp-class-166 pa t43479 l3 ls394">assumed, </span><span class="pp-class-166 pa t43479 l43480">as </span><span class="pp-class-166 pa t43479 l43481 ls2390">observable </span><span class="pp-class-166 pa t43479 l3506 ls495">market </span><span class="pp-class-166 pa t43479 l19005 ls740">prices </span><span class="pp-class-166 pa t43479 l11882 ls228">are </span><span class="pp-class-166 pa t43479 l43482 ls1839">typically </span><span class="pp-class-166 pa t43479 l43483 ls1528">not </span><span class="pp-class-166 pa t43479 l43484 ls394">available.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43485 l3 ls52">Valuation </span><span class="pp-class-166 pa t43485 l32001 ls923">techniques </span><span class="pp-class-166 pa t43485 l43486 ls497">where </span><span class="pp-class-166 pa t43485 l43487 ls1217">estimates </span><span class="pp-class-166 pa t43485 l29996 ls228">are </span><span class="pp-class-166 pa t43485 l43488">applied </span><span class="pp-class-166 pa t43485 l43489 ls1839">typically </span><span class="pp-class-166 pa t43485 l10993 ls2500">relate </span><span class="pp-class-166 pa t43485 l22247 ls135">to </span><span class="pp-class-166 pa t43485 l43490 ls180">determining </span><span class="pp-class-166 pa t43491 l3">the </span><span class="pp-class-166 pa t43491 l1913 ls856">present </span><span class="pp-class-166 pa t43491 l43492 ls101">value </span><span class="pp-class-166 pa t43491 l5055">of </span><span class="pp-class-166 pa t43491 l15634 ls564">future </span><span class="pp-class-166 pa t43491 l42906 ls1428">uncertain </span><span class="pp-class-166 pa t43491 l43493 ls923">cash </span><span class="pp-class-166 pa t43491 l14586">flows </span><span class="pp-class-166 pa t43491 l43494">or </span><span class="pp-class-166 pa t43491 l43495 ls48">assessing </span><span class="pp-class-166 pa t43491 l5291 ls75">other </span><span class="pp-class-166 pa t43491 l43496 ls239">events </span><span class="pp-class-166 pa t43491 l43497">in </span><span class="pp-class-166 pa t43498 l3">which </span><span class="pp-class-166 pa t43498 l3668">the </span><span class="pp-class-166 pa t43498 l21730 ls614">outcome </span><span class="pp-class-166 pa t43498 l7109">is </span><span class="pp-class-166 pa t43498 l43499 ls1428">uncertain </span><span class="pp-class-166 pa t43498 l43500">at </span><span class="pp-class-166 pa t43498 l5992">the </span><span class="pp-class-166 pa t43498 l43501 ls1122">date </span><span class="pp-class-166 pa t43498 l43502">of </span><span class="pp-class-166 pa t43498 l43503 ls86">acquisition.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43504 l3 ls54">More </span><span class="pp-class-166 pa t43504 l43505 ls226">significant </span><span class="pp-class-166 pa t43504 l6743 ls1217">estimates </span><span class="pp-class-166 pa t43504 l33801 ls228">are </span><span class="pp-class-166 pa t43504 l43506 ls1839">typically </span><span class="pp-class-166 pa t43504 l43507">applied </span><span class="pp-class-166 pa t43504 l32139">in </span><span class="pp-class-166 pa t43504 l39794 ls946">accounting </span><span class="pp-class-166 pa t43504 l43508 ls228">for </span><span class="pp-class-166 pa t43504 l43509 ls1849">property, </span><span class="pp-class-166 pa t43510 l3">plant </span><span class="pp-class-166 pa t43510 l15290">and </span><span class="pp-class-166 pa t43510 l39497 ls4088">equipment, </span><span class="pp-class-166 pa t43510 l28250 ls740">customer </span><span class="pp-class-166 pa t43510 l43511 ls154">relationships, </span><span class="pp-class-166 pa t43510 l8866 ls1129">trade </span><span class="pp-class-166 pa t43510 l16192 ls1444">receivables </span><span class="pp-class-166 pa t43510 l43512">and </span><span class="pp-class-166 pa t43510 l9967 ls394">payables, </span><span class="pp-class-166 pa t43513 l3 ls704">contract </span><span class="pp-class-166 pa t43513 l20926 ls428">assets, </span><span class="pp-class-166 pa t43513 l16257 ls187">accrued </span><span class="pp-class-166 pa t43513 l13008 ls3490">cost </span><span class="pp-class-166 pa t43513 l43514">of </span><span class="pp-class-166 pa t43513 l43515 ls890">services, </span><span class="pp-class-166 pa t43513 l34213 ls228">deferred </span><span class="pp-class-166 pa t43513 l14767 ls1625">tax, </span><span class="pp-class-166 pa t43513 l43516 ls1026">ROU </span><span class="pp-class-166 pa t43513 l43517 ls428">assets, </span><span class="pp-class-166 pa t43513 l43518 ls101">lease </span><span class="pp-class-166 pa t43513 l43519">liabil-</span><span class="pp-class-166 pa t43520 l3">ities </span><span class="pp-class-166 pa t43520 l43521">and </span><span class="pp-class-166 pa t43520 l17851 ls946">borrowings, </span><span class="pp-class-166 pa t43520 l31009">and </span><span class="pp-class-166 pa t43520 l43522 ls740">provisions. </span><span class="pp-class-166 pa t43520 l26504 ls2388">As </span><span class="pp-class-166 pa t43520 l6944">a </span><span class="pp-class-166 pa t43520 l10379 ls564">result </span><span class="pp-class-166 pa t43520 l43523">of </span><span class="pp-class-166 pa t43520 l36754">the </span><span class="pp-class-166 pa t43520 l43524 ls1575">uncertainties </span><span class="pp-class-166 pa t43520 l43525 ls856">inherent</span><span class="pp-class-166 pa t43526 l3">in </span><span class="pp-class-166 pa t43526 l1746 ls2307">fair </span><span class="pp-class-166 pa t43526 l43527 ls101">value </span><span class="pp-class-166 pa t43526 l3087 ls239">estimation, </span><span class="pp-class-166 pa t43526 l30029 ls164">measurement </span><span class="pp-class-166 pa t43526 l30719">period </span><span class="pp-class-166 pa t43526 l43528 ls239">adjustments </span><span class="pp-class-166 pa t43526 l10939">may </span><span class="pp-class-166 pa t43526 l34048">be </span><span class="pp-class-166 pa t43526 l43529">applied.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44687 l3 ls4852">Management </span><span class="pp-class-170 pa t44687 l36376 ls4852">judgements </span><span class="pp-class-170 pa t44687 l36377 ls2257">and </span><span class="pp-class-170 pa t44687 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44688 l3 ls205">Management </span><span class="pp-class-166 pa t44688 l35455">applies </span><span class="pp-class-166 pa t44688 l13598">judgements </span><span class="pp-class-166 pa t44688 l44689">in </span><span class="pp-class-166 pa t44688 l25780 ls48">assessing </span><span class="pp-class-166 pa t44688 l38321">the </span><span class="pp-class-166 pa t44688 l6058 ls1343">existence </span><span class="pp-class-166 pa t44688 l44690">of </span><span class="pp-class-166 pa t44688 l30350 ls923">contingent </span><span class="pp-class-166 pa t44691 l3">liabilities </span><span class="pp-class-166 pa t44691 l6178">on </span><span class="pp-class-166 pa t44691 l44692">an </span><span class="pp-class-166 pa t44691 l44693">ongoing </span><span class="pp-class-166 pa t44691 l26594">basis </span><span class="pp-class-166 pa t44691 l37602">and </span><span class="pp-class-166 pa t44691 l30663">in </span><span class="pp-class-166 pa t44691 l44694">this </span><span class="pp-class-166 pa t44691 l7334 ls1498">regard </span><span class="pp-class-166 pa t44691 l14986 ls1428">considers </span><span class="pp-class-166 pa t44691 l42048">if </span><span class="pp-class-166 pa t44691 l4396">the </span><span class="pp-class-166 pa t44691 l44695 ls234">criteria </span><span class="pp-class-166 pa t44691 l41756 ls228">for </span><span class="pp-class-166 pa t44696 l3 ls5508">recognising </span><span class="pp-class-166 pa t44696 l9108">a </span><span class="pp-class-166 pa t44696 l44697 ls851">provision </span><span class="pp-class-166 pa t44696 l44698 ls228">are </span><span class="pp-class-166 pa t44696 l36691 ls4146">met. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41467 l3">These </span><span class="pp-class-166 pa t41467 l44699 ls166">judgements </span><span class="pp-class-166 pa t41467 l44700 ls166">may </span><span class="pp-class-166 pa t41467 l44701 ls1026">involve </span><span class="pp-class-166 pa t41467 l44702 ls740">advice </span><span class="pp-class-166 pa t41467 l44703 ls267">from </span><span class="pp-class-166 pa t41467 l44704 ls59">external </span><span class="pp-class-166 pa t41467 l44705 ls205">experts, </span><span class="pp-class-166 pa t41467 l44706">legal </span><span class="pp-class-166 pa t41467 l44707">advisors, </span><span class="pp-class-166 pa t41467 l44708 ls78">etc.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44709 l3 ls2388">As </span><span class="pp-class-166 pa t44709 l4418">an </span><span class="pp-class-166 pa t44709 l39960 ls1575">international </span><span class="pp-class-166 pa t44709 l44710 ls461">transport </span><span class="pp-class-166 pa t44709 l44711 ls1915">service </span><span class="pp-class-166 pa t44709 l44712 ls7509">provider, </span><span class="pp-class-166 pa t44709 l44713">the </span><span class="pp-class-166 pa t44709 l9368 ls497">Group </span><span class="pp-class-166 pa t44709 l5515">is </span><span class="pp-class-166 pa t44709 l44714 ls851">regularly </span><span class="pp-class-166 pa t44709 l44715 ls226">involved </span><span class="pp-class-166 pa t44716 l3">in </span><span class="pp-class-166 pa t44716 l1746 ls946">tax </span><span class="pp-class-166 pa t44716 l15637">and </span><span class="pp-class-166 pa t44716 l6242 ls37659">VAT </span><span class="pp-class-166 pa t44716 l44717 ls1428">disputes, </span><span class="pp-class-166 pa t44716 l33200">legal </span><span class="pp-class-166 pa t44716 l43879 ls5508">proceedings </span><span class="pp-class-166 pa t44716 l44718">or </span><span class="pp-class-166 pa t44716 l10474">inquiries </span><span class="pp-class-166 pa t44716 l39186 ls267">from </span><span class="pp-class-166 pa t44716 l38492 ls180">competition </span><span class="pp-class-166 pa t44716 l44719 ls147">author-</span><span class="pp-class-166 pa t44720 l3">ities. </span><span class="pp-class-166 pa t44720 l44721 ls205">Management </span><span class="pp-class-166 pa t44720 l40540 ls394">believes </span><span class="pp-class-166 pa t44720 l44722">that </span><span class="pp-class-166 pa t44720 l6355">the </span><span class="pp-class-166 pa t44720 l44723 ls1575">cases </span><span class="pp-class-166 pa t44720 l44724 ls856">currently </span><span class="pp-class-166 pa t44720 l44725">identified </span><span class="pp-class-166 pa t44720 l44726">will </span><span class="pp-class-166 pa t44720 l36718 ls48">have </span><span class="pp-class-166 pa t44720 l44727">no </span><span class="pp-class-166 pa t44728 l3 ls234">material </span><span class="pp-class-166 pa t44728 l13956 ls1636">impact </span><span class="pp-class-166 pa t44728 l26593">on </span><span class="pp-class-166 pa t44728 l9830">the </span><span class="pp-class-166 pa t44728 l44729">financial </span><span class="pp-class-166 pa t44728 l40145">position </span><span class="pp-class-166 pa t44728 l39447">of </span><span class="pp-class-166 pa t44728 l22174">the </span><span class="pp-class-166 pa t44728 l44730 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44731 l3">A </span><span class="pp-class-166 pa t44731 l454 ls1217">detailed </span><span class="pp-class-166 pa t44731 l44732 ls164">disclosure </span><span class="pp-class-166 pa t44731 l29119">of </span><span class="pp-class-166 pa t44731 l8838">individual </span><span class="pp-class-166 pa t44731 l30982 ls923">contingent </span><span class="pp-class-166 pa t44731 l31419">liabilities </span><span class="pp-class-166 pa t44731 l44733">is </span><span class="pp-class-166 pa t44731 l44734 ls564">considered </span><span class="pp-class-166 pa t44731 l44735 ls552">impracti-</span><span class="pp-class-166 pa t44736 l3 ls1575">cable </span><span class="pp-class-166 pa t44736 l28657">and </span><span class="pp-class-166 pa t44736 l34965">is </span><span class="pp-class-166 pa t44736 l44737 ls96">therefore </span><span class="pp-class-166 pa t44736 l44738 ls1528">not </span><span class="pp-class-166 pa t44736 l15510">included </span><span class="pp-class-166 pa t44736 l44739">in </span><span class="pp-class-166 pa t44736 l44740">the </span><span class="pp-class-166 pa t44736 l5825 ls1115">notes </span><span class="pp-class-166 pa t44736 l6088 ls135">to </span><span class="pp-class-166 pa t44736 l12404">the </span><span class="pp-class-166 pa t44736 l44741">financial </span><span class="pp-class-166 pa t44736 l44742 ls946">statements.</span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3466 l3 ls1462">Basis </span><span class="pp-class-170 pa t3466 l36493 ls13149">of </span><span class="pp-class-170 pa t3466 l8759 ls5682">consolidation</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3471 l3">The </span><span class="pp-class-166 pa t3471 l1525 ls1119">consolidated </span><span class="pp-class-166 pa t3471 l6221">financial </span><span class="pp-class-166 pa t3471 l35456 ls946">statements </span><span class="pp-class-166 pa t3471 l8815">include </span><span class="pp-class-166 pa t3471 l36494">the </span><span class="pp-class-166 pa t3471 l26035 ls6394">Parent </span><span class="pp-class-166 pa t3471 l8949 ls461">Company </span><span class="pp-class-166 pa t3471 l36495">(DSV </span><span class="pp-class-166 pa t3471 l36496 ls22044">A/S) </span><span class="pp-class-166 pa t3472 l3">and </span><span class="pp-class-166 pa t3472 l1192">all </span><span class="pp-class-166 pa t3472 l33602">subsidiaries </span><span class="pp-class-166 pa t3472 l36497 ls48">over </span><span class="pp-class-166 pa t3472 l36498">which </span><span class="pp-class-166 pa t3472 l36499">DSV </span><span class="pp-class-166 pa t3472 l26050 ls15430">A/S </span><span class="pp-class-166 pa t3472 l36500 ls1766">exercises </span><span class="pp-class-166 pa t3472 l36501 ls265">control. </span><span class="pp-class-166 pa t3472 l3020" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3472 l36502 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3472 l36503" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3484 l3" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3484 l1913 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3484 l36504" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3484 l25186" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l5832 ls1766" xmlns="http://www.w3.org/1999/xhtml">control </span><span class="pp-class-166 pa t3484 l36505 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3484 l36506 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3484 l36507 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3484 l36508" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3484 l36509" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l36510 ls1528" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-166 pa t3484 l6348" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3484 l36511 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3493 l3" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3493 l36512" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36513 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3493 l36514 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span><span class="pp-class-166 pa t3493 l36515" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3493 l36516 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3493 l36517 ls166" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3493 l36518" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36519 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3493 l36520" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3493 l36521 ls226" xmlns="http://www.w3.org/1999/xhtml">significant </span><span class="pp-class-166 pa t3493 l36522 ls1428" xmlns="http://www.w3.org/1999/xhtml">influence </span><span class="pp-class-166 pa t3503 l3 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3503 l2357 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3503 l36523 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3503 l33941" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3503 l30024 ls977" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-166 pa t3503 l7563" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3503 l14765 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3503 l5669" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3503 l12967" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3503 l36524 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3503 l36525 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3511 l3">The </span><span class="pp-class-166 pa t3511 l1525 ls1119">consolidated </span><span class="pp-class-166 pa t3511 l6221">financial </span><span class="pp-class-166 pa t3511 l35456 ls946">statements </span><span class="pp-class-166 pa t3511 l8815 ls228">are </span><span class="pp-class-166 pa t3511 l8816 ls3238">prepared </span><span class="pp-class-166 pa t3511 l36526">based </span><span class="pp-class-166 pa t3511 l36527">on </span><span class="pp-class-166 pa t3511 l36528 ls856">uniform </span><span class="pp-class-166 pa t3511 l36529 ls614">account-</span><span class="pp-class-166 pa t3522 l3">ing </span><span class="pp-class-166 pa t3522 l2182">policies </span><span class="pp-class-166 pa t3522 l36530">in </span><span class="pp-class-166 pa t3522 l892">all </span><span class="pp-class-166 pa t3522 l13677 ls497">Group </span><span class="pp-class-166 pa t3522 l1592">entities. </span><span class="pp-class-166 pa t3522 l6019 ls158">Consolidation </span><span class="pp-class-166 pa t3522 l15452">of </span><span class="pp-class-166 pa t3522 l36531 ls497">Group </span><span class="pp-class-166 pa t3522 l6249">entities </span><span class="pp-class-166 pa t3522 l36532">is </span><span class="pp-class-166 pa t3522 l36533 ls428">performed </span><span class="pp-class-166 pa t3532 l3 ls101">after </span><span class="pp-class-166 pa t3532 l4028">elimination </span><span class="pp-class-166 pa t3532 l18910">of </span><span class="pp-class-166 pa t3532 l16140">all </span><span class="pp-class-166 pa t3532 l36309 ls614">intra-group </span><span class="pp-class-166 pa t3532 l36534 ls750">transactions, </span><span class="pp-class-166 pa t3532 l36535 ls1428">balances, </span><span class="pp-class-166 pa t3532 l36536 ls740">income </span><span class="pp-class-166 pa t3532 l36537">and </span><span class="pp-class-166 pa t3532 l36538 ls1683">expenses.</span></p><div class="pp-class-4" id="pp-id-4321" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36539 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3 ls1115">Group </span><span class="pp-class-172 pa t3624 l36540 ls1428">composition</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525 ls497">Group </span><span class="pp-class-166 pa t3330 l36541">held </span><span class="pp-class-166 pa t3330 l36542 ls921">interests </span><span class="pp-class-166 pa t3330 l36543">in </span><span class="pp-class-166 pa t3330 l12354">598 </span><span class="pp-class-166 pa t3330 l10880">entities </span><span class="pp-class-166 pa t3330 l36544">(2024: </span><span class="pp-class-166 pa t3330 l36545">428 </span><span class="pp-class-166 pa t3330 l36546">entities) </span><span class="pp-class-166 pa t3330 l36547">and </span><span class="pp-class-166 pa t3330 l36548">is </span><span class="pp-class-166 pa t3330 l36549 ls234">composed </span><span class="pp-class-166 pa t3338 l3">as </span><span class="pp-class-166 pa t3338 l2424 ls455">follows:</span></p></div></div><div id="pp-id-4322" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h36550 pa t2 l3 wtro4 xx3195 tro6 xx3196"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l3 ls1498">Entities </span><span class="pp-class-170 pa t36551 l36552 ls1853">2025</span><span class="pp-class-166 pa t36553 l3">(Number)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l36554 ls189">Region</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36555 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l36557">Middle </span><span class="pp-class-166 pa t36551 l36558 ls1122">East </span><span class="pp-class-166 pa t36551 l36559">and </span><span class="pp-class-166 pa t36553 l36560 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36561 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l36562 ls2050">Asia </span><span class="pp-class-166 pa t36553 l36563 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l36564 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l3">Subsidiaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36566">276</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36567">104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36568">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l36569">130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l28132">580</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l3">Joint </span><span class="pp-class-166 pa t36570 l36571 ls1410">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36572">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l36575">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36570 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l3 ls2221">Associates</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36577">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l36578">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36576 l28210">17</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36579 l3 ls1498">Entities </span><span class="pp-class-170 pa t36579 l36552 ls1853">2024</span><span class="pp-class-166 pa t36580 l3">(Number)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36555 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36581 l36557">Middle </span><span class="pp-class-166 pa t36579 l36558 ls1122">East </span><span class="pp-class-166 pa t36579 l36559">and </span><span class="pp-class-166 pa t36580 l36560 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36561 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36579 l36562 ls2050">Asia </span><span class="pp-class-166 pa t36580 l36563 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36580 l36564 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l3">Subsidiaries</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36566">184</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36583">85</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36568">59</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l36584">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36582 l28132">423</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l3">Joint </span><span class="pp-class-166 pa t36585 l36571 ls1410">ventures</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36572">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l36575">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36585 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l3 ls2221">Associates</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36587">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36573">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36574">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l36578">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36586 l28532">4</span></p></td></tr></table></div></div> <span class="pp-class-166 pa t3472 l3020" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3472 l36502 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3472 l36503" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3484 l3" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3484 l1913 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3484 l36504" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3484 l25186" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l5832 ls1766" xmlns="http://www.w3.org/1999/xhtml">control </span><span class="pp-class-166 pa t3484 l36505 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3484 l36506 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3484 l36507 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3484 l36508" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3484 l36509" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l36510 ls1528" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-166 pa t3484 l6348" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3484 l36511 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3493 l3" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3493 l36512" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36513 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3493 l36514 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span><span class="pp-class-166 pa t3493 l36515" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3493 l36516 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3493 l36517 ls166" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3493 l36518" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36519 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3493 l36520" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3493 l36521 ls226" xmlns="http://www.w3.org/1999/xhtml">significant </span><span class="pp-class-166 pa t3493 l36522 ls1428" xmlns="http://www.w3.org/1999/xhtml">influence </span><span class="pp-class-166 pa t3503 l3 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3503 l2357 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3503 l36523 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3503 l33941" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3503 l30024 ls977" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-166 pa t3503 l7563" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3503 l14765 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3503 l5669" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3503 l12967" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3503 l36524 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3503 l36525 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span> <span class="pp-class-166 pa t3472 l3020" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3472 l36502 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3472 l36503" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3484 l3" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3484 l1913 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3484 l36504" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3484 l25186" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l5832 ls1766" xmlns="http://www.w3.org/1999/xhtml">control </span><span class="pp-class-166 pa t3484 l36505 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3484 l36506 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3484 l36507 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3484 l36508" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3484 l36509" xmlns="http://www.w3.org/1999/xhtml">joint </span><span class="pp-class-166 pa t3484 l36510 ls1528" xmlns="http://www.w3.org/1999/xhtml">ventures </span><span class="pp-class-166 pa t3484 l6348" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3484 l36511 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3493 l3" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3493 l36512" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36513 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3493 l36514 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span> <span class="pp-class-166 pa t3493 l36515" xmlns="http://www.w3.org/1999/xhtml">Entities </span><span class="pp-class-166 pa t3493 l36516 ls48" xmlns="http://www.w3.org/1999/xhtml">over </span><span class="pp-class-166 pa t3493 l36517 ls166" xmlns="http://www.w3.org/1999/xhtml">which </span><span class="pp-class-166 pa t3493 l36518" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3493 l36519 ls497" xmlns="http://www.w3.org/1999/xhtml">Group </span><span class="pp-class-166 pa t3493 l36520" xmlns="http://www.w3.org/1999/xhtml">has </span><span class="pp-class-166 pa t3493 l36521 ls226" xmlns="http://www.w3.org/1999/xhtml">significant </span><span class="pp-class-166 pa t3493 l36522 ls1428" xmlns="http://www.w3.org/1999/xhtml">influence </span><span class="pp-class-166 pa t3503 l3 ls228" xmlns="http://www.w3.org/1999/xhtml">are </span><span class="pp-class-166 pa t3503 l2357 ls921" xmlns="http://www.w3.org/1999/xhtml">accounted </span><span class="pp-class-166 pa t3503 l36523 ls228" xmlns="http://www.w3.org/1999/xhtml">for </span><span class="pp-class-166 pa t3503 l33941" xmlns="http://www.w3.org/1999/xhtml">as </span><span class="pp-class-166 pa t3503 l30024 ls977" xmlns="http://www.w3.org/1999/xhtml">associates </span><span class="pp-class-166 pa t3503 l7563" xmlns="http://www.w3.org/1999/xhtml">and </span><span class="pp-class-166 pa t3503 l14765 ls1528" xmlns="http://www.w3.org/1999/xhtml">measured </span><span class="pp-class-166 pa t3503 l5669" xmlns="http://www.w3.org/1999/xhtml">using </span><span class="pp-class-166 pa t3503 l12967" xmlns="http://www.w3.org/1999/xhtml">the </span><span class="pp-class-166 pa t3503 l36524 ls1701" xmlns="http://www.w3.org/1999/xhtml">equity </span><span class="pp-class-166 pa t3503 l36525 ls461" xmlns="http://www.w3.org/1999/xhtml">method. </span> <div class="pp-class-4" id="pp-id-4323" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h7399 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls3323">Foreign </span><span class="pp-class-170 pa t3624 l2631 ls19220">currency</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3338 l3 ls1831">Functional </span><span class="pp-class-172 pa t3338 l32292 ls59">currency</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3348 l3">A </span><span class="pp-class-166 pa t3348 l454 ls3593">functional </span><span class="pp-class-166 pa t3348 l31705 ls1849">currency </span><span class="pp-class-166 pa t3348 l36588">is </span><span class="pp-class-166 pa t3348 l1918 ls2022">determined </span><span class="pp-class-166 pa t3348 l36589 ls228">for </span><span class="pp-class-166 pa t3348 l36590 ls48">each </span><span class="pp-class-166 pa t3348 l26873 ls497">Group </span><span class="pp-class-166 pa t3348 l20002 ls428">entity. </span><span class="pp-class-166 pa t3348 l2007">The </span><span class="pp-class-166 pa t3348 l7131 ls3593">functional </span><span class="pp-class-166 pa t3360 l3 ls1849">currency </span><span class="pp-class-166 pa t3360 l36591">is </span><span class="pp-class-166 pa t3360 l35431">the </span><span class="pp-class-166 pa t3360 l13773 ls1849">currency </span><span class="pp-class-166 pa t3360 l26414">used </span><span class="pp-class-166 pa t3360 l9473">in </span><span class="pp-class-166 pa t3360 l36592">the </span><span class="pp-class-166 pa t3360 l31119 ls1915">primary </span><span class="pp-class-166 pa t3360 l21412">financial </span><span class="pp-class-166 pa t3360 l36593 ls740">environment </span><span class="pp-class-166 pa t3360 l36375">in </span><span class="pp-class-166 pa t3360 l36594">which </span><span class="pp-class-166 pa t3373 l3">the </span><span class="pp-class-166 pa t3373 l1913">individual </span><span class="pp-class-166 pa t3373 l20802 ls497">Group </span><span class="pp-class-166 pa t3373 l2151 ls1701">entity </span><span class="pp-class-166 pa t3373 l19465 ls3962">operates.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3375 l3 ls4013">Foreign </span><span class="pp-class-172 pa t3375 l8800 ls740">currency </span><span class="pp-class-172 pa t3375 l14189 ls187">translation</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3">On </span><span class="pp-class-166 pa t3387 l9340">initial </span><span class="pp-class-166 pa t3387 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3387 l36596 ls228">foreign </span><span class="pp-class-166 pa t3387 l36597 ls1849">currency </span><span class="pp-class-166 pa t3387 l30941 ls750">transactions </span><span class="pp-class-166 pa t3387 l13362 ls228">are </span><span class="pp-class-166 pa t3387 l36598 ls1528">translated </span><span class="pp-class-166 pa t3387 l36599 ls1122">into </span><span class="pp-class-166 pa t3387 l36600">the </span><span class="pp-class-166 pa t3395 l3 ls3593">functional </span><span class="pp-class-166 pa t3395 l36601 ls1849">currency </span><span class="pp-class-166 pa t3395 l36602">at </span><span class="pp-class-166 pa t3395 l15571">the </span><span class="pp-class-166 pa t3395 l36603 ls851">exchange </span><span class="pp-class-166 pa t3395 l15589 ls5905">rate </span><span class="pp-class-166 pa t3395 l19964">at </span><span class="pp-class-166 pa t3395 l36604">the </span><span class="pp-class-166 pa t3395 l36605 ls750">transaction </span><span class="pp-class-166 pa t3395 l36606 ls740">dates. </span><span class="pp-class-166 pa t3395 l36607 ls2870">Foreign </span><span class="pp-class-166 pa t3406 l3 ls1849">currency </span><span class="pp-class-166 pa t3406 l36591 ls977">translation </span><span class="pp-class-166 pa t3406 l36608 ls52">differences </span><span class="pp-class-166 pa t3406 l36609 ls946">between </span><span class="pp-class-166 pa t3406 l36610">the </span><span class="pp-class-166 pa t3406 l36611 ls851">exchange </span><span class="pp-class-166 pa t3406 l23896 ls54">rates </span><span class="pp-class-166 pa t3406 l36612">at </span><span class="pp-class-166 pa t3406 l2180">the </span><span class="pp-class-166 pa t3406 l32589 ls750">transaction </span><span class="pp-class-166 pa t3722 l3 ls1122">date </span><span class="pp-class-166 pa t3722 l36613">and </span><span class="pp-class-166 pa t3722 l20762">the </span><span class="pp-class-166 pa t3722 l1735 ls1122">date </span><span class="pp-class-166 pa t3722 l13312">of </span><span class="pp-class-166 pa t3722 l36614">payment </span><span class="pp-class-166 pa t3722 l3723 ls228">are </span><span class="pp-class-166 pa t3722 l36615 ls564">recognised </span><span class="pp-class-166 pa t3722 l36616">in </span><span class="pp-class-166 pa t3722 l9475">the </span><span class="pp-class-166 pa t3722 l15222 ls1122">statement </span><span class="pp-class-166 pa t3722 l36617">of </span><span class="pp-class-166 pa t3722 l36618 ls564">profit </span><span class="pp-class-166 pa t3722 l36619">or </span><span class="pp-class-166 pa t3722 l36620 ls48">loss </span><span class="pp-class-166 pa t3728 l3">under </span><span class="pp-class-166 pa t3728 l2687">financial </span><span class="pp-class-166 pa t3728 l36621 ls740">items. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3427 l3 ls7127">Monetary </span><span class="pp-class-166 pa t3427 l36622 ls1165">items </span><span class="pp-class-166 pa t3427 l31443 ls2289">denominated </span><span class="pp-class-166 pa t3427 l36623 ls2275">in </span><span class="pp-class-166 pa t3427 l11469 ls1853">a </span><span class="pp-class-166 pa t3427 l36624 ls13641">foreign </span><span class="pp-class-166 pa t3427 l36625 ls2289">currency </span><span class="pp-class-166 pa t3427 l27025 ls5278">are </span><span class="pp-class-166 pa t3427 l9353 ls10428">translated </span><span class="pp-class-166 pa t3427 l20077 ls2275">at </span><span class="pp-class-166 pa t3427 l36626 ls2313">the </span><span class="pp-class-166 pa t3427 l22115 ls28776">exchange </span><span class="pp-class-166 pa t3439 l3 ls1466">rate </span><span class="pp-class-166 pa t3439 l11709 ls848">at </span><span class="pp-class-166 pa t3439 l29978 ls2245">the </span><span class="pp-class-166 pa t3439 l27750 ls22539">reporting </span><span class="pp-class-166 pa t3439 l36627 ls15276">date. </span><span class="pp-class-166 pa t3439 l36628 ls2245">The </span><span class="pp-class-166 pa t3439 l36629 ls749">difference </span><span class="pp-class-166 pa t3439 l36630 ls1464">between </span><span class="pp-class-166 pa t3439 l6747 ls2245">the </span><span class="pp-class-166 pa t3439 l36631 ls1587">exchange </span><span class="pp-class-166 pa t3439 l36632 ls1466">rate </span><span class="pp-class-166 pa t3439 l23329 ls848">at </span><span class="pp-class-166 pa t3439 l36633 ls2245">the </span><span class="pp-class-166 pa t3439 l36634 ls3050">report-</span><span class="pp-class-166 pa t3451 l3 ls1853">ing </span><span class="pp-class-166 pa t3451 l6976 ls129">date </span><span class="pp-class-166 pa t3451 l14436 ls1853">and </span><span class="pp-class-166 pa t3451 l5712 ls1853">the </span><span class="pp-class-166 pa t3451 l36635 ls5048">transaction </span><span class="pp-class-166 pa t3451 l36636 ls129">date </span><span class="pp-class-166 pa t3451 l14702 ls1866">or </span><span class="pp-class-166 pa t3451 l36637 ls1853">the </span><span class="pp-class-166 pa t3451 l36638 ls1855">exchange </span><span class="pp-class-166 pa t3451 l32163 ls8712">rate </span><span class="pp-class-166 pa t3451 l4443 ls2690">used </span><span class="pp-class-166 pa t3451 l27197 ls1866">in </span><span class="pp-class-166 pa t3451 l13339 ls1853">the </span><span class="pp-class-166 pa t3451 l15593 ls6383">latest </span><span class="pp-class-166 pa t3451 l36639 ls2690">financial </span><span class="pp-class-166 pa t3466 l3 ls2836">statements </span><span class="pp-class-166 pa t3466 l14203 ls2540">is </span><span class="pp-class-166 pa t3466 l2662 ls115">recognised </span><span class="pp-class-166 pa t3466 l31541 ls2540">in </span><span class="pp-class-166 pa t3466 l36640 ls1528">the </span><span class="pp-class-166 pa t3466 l36641 ls1319">statement </span><span class="pp-class-166 pa t3466 l36642 ls2540">of </span><span class="pp-class-166 pa t3466 l36643 ls1402">profit </span><span class="pp-class-166 pa t3466 l27927 ls2540">or </span><span class="pp-class-166 pa t3466 l20791 ls3490">loss </span><span class="pp-class-166 pa t3466 l36644 ls2061">under </span><span class="pp-class-166 pa t3466 l36645 ls614">financial </span><span class="pp-class-166 pa t3466 l23482 ls1766">items. </span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36647 l3 ls2870">Foreign </span><span class="pp-class-166 pa t36647 l33567 ls1849">currency </span><span class="pp-class-166 pa t36647 l21954 ls977">translation </span><span class="pp-class-166 pa t36647 l31024 ls52">differences </span><span class="pp-class-166 pa t36647 l36648">arising </span><span class="pp-class-166 pa t36647 l3916">on </span><span class="pp-class-166 pa t36647 l28646">the </span><span class="pp-class-166 pa t36647 l36649 ls977">translation </span><span class="pp-class-166 pa t36647 l36650">of </span><span class="pp-class-166 pa t36647 l36651">non-mon-</span><span class="pp-class-166 pa t36652 l3 ls149">etary </span><span class="pp-class-166 pa t36652 l23613 ls740">items, </span><span class="pp-class-166 pa t36652 l36653">such </span><span class="pp-class-166 pa t36652 l20644">as </span><span class="pp-class-166 pa t36652 l36654 ls226">investments </span><span class="pp-class-166 pa t36652 l36655">in </span><span class="pp-class-166 pa t36652 l36656 ls1761">associates, </span><span class="pp-class-166 pa t36652 l36657 ls228">are </span><span class="pp-class-166 pa t36652 l36658 ls564">recognised </span><span class="pp-class-166 pa t36652 l36659 ls461">directly </span><span class="pp-class-166 pa t36652 l36660">in </span><span class="pp-class-166 pa t36652 l36661 ls75">other </span><span class="pp-class-166 pa t36662 l3 ls495">comprehensive </span><span class="pp-class-166 pa t36662 l26876 ls740">income.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36663 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36664 l3 ls2540">Recognition </span><span class="pp-class-172 pa t36664 l36665">in </span><span class="pp-class-172 pa t36664 l36666">the </span><span class="pp-class-172 pa t36664 l36667 ls2476">consolidated </span><span class="pp-class-172 pa t36664 l36668">financial </span><span class="pp-class-172 pa t36664 l36669 ls1122">statements </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36670 l3">When </span><span class="pp-class-166 pa t36670 l4926 ls851">preparing </span><span class="pp-class-166 pa t36670 l36671">the </span><span class="pp-class-166 pa t36670 l36672 ls1119">consolidated </span><span class="pp-class-166 pa t36670 l36673">financial </span><span class="pp-class-166 pa t36670 l19891 ls189">statements, </span><span class="pp-class-166 pa t36670 l20196">the </span><span class="pp-class-166 pa t36670 l36674 ls1122">statement </span><span class="pp-class-166 pa t36670 l26158">of </span><span class="pp-class-166 pa t36670 l36675 ls564">profit </span><span class="pp-class-166 pa t36676 l3">or </span><span class="pp-class-166 pa t36676 l21054 ls48">loss </span><span class="pp-class-166 pa t36676 l36677">of </span><span class="pp-class-166 pa t36676 l11153">entities </span><span class="pp-class-166 pa t36676 l16036">with </span><span class="pp-class-166 pa t36676 l28623">a </span><span class="pp-class-166 pa t36676 l31790 ls3593">functional </span><span class="pp-class-166 pa t36676 l16202 ls1849">currency </span><span class="pp-class-166 pa t36676 l36678 ls75">other </span><span class="pp-class-166 pa t36676 l25934">than </span><span class="pp-class-166 pa t36676 l36679">DKK </span><span class="pp-class-166 pa t36676 l36680 ls228">are </span><span class="pp-class-166 pa t36676 l36681 ls1528">translated </span><span class="pp-class-166 pa t36676 l36682">at </span><span class="pp-class-166 pa t36683 l3">the </span><span class="pp-class-166 pa t36683 l1913 ls946">average </span><span class="pp-class-166 pa t36683 l36684 ls851">exchange </span><span class="pp-class-166 pa t36683 l20208 ls5905">rate </span><span class="pp-class-166 pa t36683 l23931 ls228">for </span><span class="pp-class-166 pa t36683 l36685">the </span><span class="pp-class-166 pa t36683 l34039">period, </span><span class="pp-class-166 pa t36683 l14872">and </span><span class="pp-class-166 pa t36683 l8596 ls1122">statement </span><span class="pp-class-166 pa t36683 l36686">of </span><span class="pp-class-166 pa t36683 l36687">financial </span><span class="pp-class-166 pa t36683 l36688">position </span><span class="pp-class-166 pa t36689 l3 ls189">items </span><span class="pp-class-166 pa t36689 l36690 ls228">are </span><span class="pp-class-166 pa t36689 l20242 ls1528">translated </span><span class="pp-class-166 pa t36689 l36672">at </span><span class="pp-class-166 pa t36689 l12339">the </span><span class="pp-class-166 pa t36689 l36691">closing </span><span class="pp-class-166 pa t36689 l12654 ls5905">rate </span><span class="pp-class-166 pa t36689 l10294">at </span><span class="pp-class-166 pa t36689 l3082">the </span><span class="pp-class-166 pa t36689 l36692">end </span><span class="pp-class-166 pa t36689 l36693">of </span><span class="pp-class-166 pa t36689 l15433">the </span><span class="pp-class-166 pa t36689 l36694 ls1428">reporting </span><span class="pp-class-166 pa t36689 l36695">period.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36696 l3 ls5278">Foreign </span><span class="pp-class-166 pa t36696 l36697 ls7719">exchange </span><span class="pp-class-166 pa t36696 l23377 ls23000">differences </span><span class="pp-class-166 pa t36696 l36698 ls6530">arising </span><span class="pp-class-166 pa t36696 l36699 ls2275">on </span><span class="pp-class-166 pa t36696 l36700 ls7116">translation </span><span class="pp-class-166 pa t36696 l36701 ls2275">of </span><span class="pp-class-166 pa t36696 l6209 ls2313">the </span><span class="pp-class-166 pa t36696 l36702 ls23013">equity </span><span class="pp-class-166 pa t36696 l36703 ls2275">of </span><span class="pp-class-166 pa t36696 l15212 ls13641">foreign </span><span class="pp-class-166 pa t36696 l36704 ls6991">entities </span><span class="pp-class-166 pa t36705 l3 ls2313">and </span><span class="pp-class-166 pa t36705 l26644 ls2275">on </span><span class="pp-class-166 pa t36705 l5180 ls7116">translation </span><span class="pp-class-166 pa t36705 l13755 ls2275">of </span><span class="pp-class-166 pa t36705 l36706 ls25064">receivables </span><span class="pp-class-166 pa t36705 l2284 ls25064">considered </span><span class="pp-class-166 pa t36705 l32420 ls3187">part </span><span class="pp-class-166 pa t36705 l36707 ls2275">of </span><span class="pp-class-166 pa t36705 l36708 ls13624">net </span><span class="pp-class-166 pa t36705 l36709 ls2986">investment </span><span class="pp-class-166 pa t36705 l36710 ls5278">are </span><span class="pp-class-166 pa t36705 l36711 ls7139">recognised </span><span class="pp-class-166 pa t36712 l3 ls33411">directly </span><span class="pp-class-166 pa t36712 l36713 ls13149">in </span><span class="pp-class-166 pa t36712 l36714 ls263">other </span><span class="pp-class-166 pa t36712 l2970 ls696">comprehensive </span><span class="pp-class-166 pa t36712 l26936 ls30686">income. </span><span class="pp-class-166 pa t36712 l36715 ls22724">Foreign </span><span class="pp-class-166 pa t36712 l36716 ls2412">exchange </span><span class="pp-class-166 pa t36712 l36717 ls6595">differences </span><span class="pp-class-166 pa t36712 l36718 ls1180">arising </span><span class="pp-class-166 pa t36712 l36719 ls13149">on </span><span class="pp-class-166 pa t36712 l36720 ls2321">the </span><span class="pp-class-166 pa t36721 l3 ls11697">translation </span><span class="pp-class-166 pa t36721 l1653 ls1866">of </span><span class="pp-class-166 pa t36721 l13356 ls4132">statement </span><span class="pp-class-166 pa t36721 l14540 ls1866">of </span><span class="pp-class-166 pa t36721 l36722 ls1186">profit </span><span class="pp-class-166 pa t36721 l3382 ls1866">or </span><span class="pp-class-166 pa t36721 l36723 ls83">loss </span><span class="pp-class-166 pa t36721 l16282 ls2353">from </span><span class="pp-class-166 pa t36721 l5478 ls1853">the </span><span class="pp-class-166 pa t36721 l36724 ls1855">average </span><span class="pp-class-166 pa t36721 l12759 ls1855">exchange </span><span class="pp-class-166 pa t36721 l3012 ls8712">rate </span><span class="pp-class-166 pa t36721 l36725 ls2289">for </span><span class="pp-class-166 pa t36721 l36726 ls2307">the </span><span class="pp-class-166 pa t36727 l3 ls2315">period </span><span class="pp-class-166 pa t36727 l27729 ls2267">to </span><span class="pp-class-166 pa t36727 l9486 ls2313">the </span><span class="pp-class-166 pa t36727 l24544 ls7719">exchange </span><span class="pp-class-166 pa t36727 l18082 ls2255">rate </span><span class="pp-class-166 pa t36727 l10227 ls2275">at </span><span class="pp-class-166 pa t36727 l16132 ls2313">the </span><span class="pp-class-166 pa t36727 l12144 ls14689">reporting </span><span class="pp-class-166 pa t36727 l34040 ls1176">date </span><span class="pp-class-166 pa t36727 l36728 ls5278">are </span><span class="pp-class-166 pa t36727 l19023 ls25064">recognised </span><span class="pp-class-166 pa t36727 l36729 ls2275">in </span><span class="pp-class-166 pa t36727 l36730 ls2263">other </span><span class="pp-class-166 pa t36727 l36731 ls2265">compre-</span><span class="pp-class-166 pa t36732 l3 ls6523">hensive </span><span class="pp-class-166 pa t36732 l5488 ls2278">income. </span><span class="pp-class-166 pa t36732 l28509 ls2257">Adjustments </span><span class="pp-class-166 pa t36732 l36733 ls4852">are </span><span class="pp-class-166 pa t36732 l18836 ls19220">presented </span><span class="pp-class-166 pa t36732 l36734 ls2261">within </span><span class="pp-class-166 pa t36732 l36735 ls2263">the </span><span class="pp-class-166 pa t36732 l36736 ls19121">translation </span><span class="pp-class-166 pa t36732 l10940 ls2269">reserve </span><span class="pp-class-166 pa t36732 l36737 ls2273">in </span><span class="pp-class-166 pa t36732 l36738 ls1170">equity.</span></p> <div class="pp-class-4" id="pp-id-4323" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h7399 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls3323">Foreign </span><span class="pp-class-170 pa t3624 l2631 ls19220">currency</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3338 l3 ls1831">Functional </span><span class="pp-class-172 pa t3338 l32292 ls59">currency</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3348 l3">A </span><span class="pp-class-166 pa t3348 l454 ls3593">functional </span><span class="pp-class-166 pa t3348 l31705 ls1849">currency </span><span class="pp-class-166 pa t3348 l36588">is </span><span class="pp-class-166 pa t3348 l1918 ls2022">determined </span><span class="pp-class-166 pa t3348 l36589 ls228">for </span><span class="pp-class-166 pa t3348 l36590 ls48">each </span><span class="pp-class-166 pa t3348 l26873 ls497">Group </span><span class="pp-class-166 pa t3348 l20002 ls428">entity. </span><span class="pp-class-166 pa t3348 l2007">The </span><span class="pp-class-166 pa t3348 l7131 ls3593">functional </span><span class="pp-class-166 pa t3360 l3 ls1849">currency </span><span class="pp-class-166 pa t3360 l36591">is </span><span class="pp-class-166 pa t3360 l35431">the </span><span class="pp-class-166 pa t3360 l13773 ls1849">currency </span><span class="pp-class-166 pa t3360 l26414">used </span><span class="pp-class-166 pa t3360 l9473">in </span><span class="pp-class-166 pa t3360 l36592">the </span><span class="pp-class-166 pa t3360 l31119 ls1915">primary </span><span class="pp-class-166 pa t3360 l21412">financial </span><span class="pp-class-166 pa t3360 l36593 ls740">environment </span><span class="pp-class-166 pa t3360 l36375">in </span><span class="pp-class-166 pa t3360 l36594">which </span><span class="pp-class-166 pa t3373 l3">the </span><span class="pp-class-166 pa t3373 l1913">individual </span><span class="pp-class-166 pa t3373 l20802 ls497">Group </span><span class="pp-class-166 pa t3373 l2151 ls1701">entity </span><span class="pp-class-166 pa t3373 l19465 ls3962">operates.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3375 l3 ls4013">Foreign </span><span class="pp-class-172 pa t3375 l8800 ls740">currency </span><span class="pp-class-172 pa t3375 l14189 ls187">translation</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3">On </span><span class="pp-class-166 pa t3387 l9340">initial </span><span class="pp-class-166 pa t3387 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3387 l36596 ls228">foreign </span><span class="pp-class-166 pa t3387 l36597 ls1849">currency </span><span class="pp-class-166 pa t3387 l30941 ls750">transactions </span><span class="pp-class-166 pa t3387 l13362 ls228">are </span><span class="pp-class-166 pa t3387 l36598 ls1528">translated </span><span class="pp-class-166 pa t3387 l36599 ls1122">into </span><span class="pp-class-166 pa t3387 l36600">the </span><span class="pp-class-166 pa t3395 l3 ls3593">functional </span><span class="pp-class-166 pa t3395 l36601 ls1849">currency </span><span class="pp-class-166 pa t3395 l36602">at </span><span class="pp-class-166 pa t3395 l15571">the </span><span class="pp-class-166 pa t3395 l36603 ls851">exchange </span><span class="pp-class-166 pa t3395 l15589 ls5905">rate </span><span class="pp-class-166 pa t3395 l19964">at </span><span class="pp-class-166 pa t3395 l36604">the </span><span class="pp-class-166 pa t3395 l36605 ls750">transaction </span><span class="pp-class-166 pa t3395 l36606 ls740">dates. </span><span class="pp-class-166 pa t3395 l36607 ls2870">Foreign </span><span class="pp-class-166 pa t3406 l3 ls1849">currency </span><span class="pp-class-166 pa t3406 l36591 ls977">translation </span><span class="pp-class-166 pa t3406 l36608 ls52">differences </span><span class="pp-class-166 pa t3406 l36609 ls946">between </span><span class="pp-class-166 pa t3406 l36610">the </span><span class="pp-class-166 pa t3406 l36611 ls851">exchange </span><span class="pp-class-166 pa t3406 l23896 ls54">rates </span><span class="pp-class-166 pa t3406 l36612">at </span><span class="pp-class-166 pa t3406 l2180">the </span><span class="pp-class-166 pa t3406 l32589 ls750">transaction </span><span class="pp-class-166 pa t3722 l3 ls1122">date </span><span class="pp-class-166 pa t3722 l36613">and </span><span class="pp-class-166 pa t3722 l20762">the </span><span class="pp-class-166 pa t3722 l1735 ls1122">date </span><span class="pp-class-166 pa t3722 l13312">of </span><span class="pp-class-166 pa t3722 l36614">payment </span><span class="pp-class-166 pa t3722 l3723 ls228">are </span><span class="pp-class-166 pa t3722 l36615 ls564">recognised </span><span class="pp-class-166 pa t3722 l36616">in </span><span class="pp-class-166 pa t3722 l9475">the </span><span class="pp-class-166 pa t3722 l15222 ls1122">statement </span><span class="pp-class-166 pa t3722 l36617">of </span><span class="pp-class-166 pa t3722 l36618 ls564">profit </span><span class="pp-class-166 pa t3722 l36619">or </span><span class="pp-class-166 pa t3722 l36620 ls48">loss </span><span class="pp-class-166 pa t3728 l3">under </span><span class="pp-class-166 pa t3728 l2687">financial </span><span class="pp-class-166 pa t3728 l36621 ls740">items. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3427 l3 ls7127">Monetary </span><span class="pp-class-166 pa t3427 l36622 ls1165">items </span><span class="pp-class-166 pa t3427 l31443 ls2289">denominated </span><span class="pp-class-166 pa t3427 l36623 ls2275">in </span><span class="pp-class-166 pa t3427 l11469 ls1853">a </span><span class="pp-class-166 pa t3427 l36624 ls13641">foreign </span><span class="pp-class-166 pa t3427 l36625 ls2289">currency </span><span class="pp-class-166 pa t3427 l27025 ls5278">are </span><span class="pp-class-166 pa t3427 l9353 ls10428">translated </span><span class="pp-class-166 pa t3427 l20077 ls2275">at </span><span class="pp-class-166 pa t3427 l36626 ls2313">the </span><span class="pp-class-166 pa t3427 l22115 ls28776">exchange </span><span class="pp-class-166 pa t3439 l3 ls1466">rate </span><span class="pp-class-166 pa t3439 l11709 ls848">at </span><span class="pp-class-166 pa t3439 l29978 ls2245">the </span><span class="pp-class-166 pa t3439 l27750 ls22539">reporting </span><span class="pp-class-166 pa t3439 l36627 ls15276">date. </span><span class="pp-class-166 pa t3439 l36628 ls2245">The </span><span class="pp-class-166 pa t3439 l36629 ls749">difference </span><span class="pp-class-166 pa t3439 l36630 ls1464">between </span><span class="pp-class-166 pa t3439 l6747 ls2245">the </span><span class="pp-class-166 pa t3439 l36631 ls1587">exchange </span><span class="pp-class-166 pa t3439 l36632 ls1466">rate </span><span class="pp-class-166 pa t3439 l23329 ls848">at </span><span class="pp-class-166 pa t3439 l36633 ls2245">the </span><span class="pp-class-166 pa t3439 l36634 ls3050">report-</span><span class="pp-class-166 pa t3451 l3 ls1853">ing </span><span class="pp-class-166 pa t3451 l6976 ls129">date </span><span class="pp-class-166 pa t3451 l14436 ls1853">and </span><span class="pp-class-166 pa t3451 l5712 ls1853">the </span><span class="pp-class-166 pa t3451 l36635 ls5048">transaction </span><span class="pp-class-166 pa t3451 l36636 ls129">date </span><span class="pp-class-166 pa t3451 l14702 ls1866">or </span><span class="pp-class-166 pa t3451 l36637 ls1853">the </span><span class="pp-class-166 pa t3451 l36638 ls1855">exchange </span><span class="pp-class-166 pa t3451 l32163 ls8712">rate </span><span class="pp-class-166 pa t3451 l4443 ls2690">used </span><span class="pp-class-166 pa t3451 l27197 ls1866">in </span><span class="pp-class-166 pa t3451 l13339 ls1853">the </span><span class="pp-class-166 pa t3451 l15593 ls6383">latest </span><span class="pp-class-166 pa t3451 l36639 ls2690">financial </span><span class="pp-class-166 pa t3466 l3 ls2836">statements </span><span class="pp-class-166 pa t3466 l14203 ls2540">is </span><span class="pp-class-166 pa t3466 l2662 ls115">recognised </span><span class="pp-class-166 pa t3466 l31541 ls2540">in </span><span class="pp-class-166 pa t3466 l36640 ls1528">the </span><span class="pp-class-166 pa t3466 l36641 ls1319">statement </span><span class="pp-class-166 pa t3466 l36642 ls2540">of </span><span class="pp-class-166 pa t3466 l36643 ls1402">profit </span><span class="pp-class-166 pa t3466 l27927 ls2540">or </span><span class="pp-class-166 pa t3466 l20791 ls3490">loss </span><span class="pp-class-166 pa t3466 l36644 ls2061">under </span><span class="pp-class-166 pa t3466 l36645 ls614">financial </span><span class="pp-class-166 pa t3466 l23482 ls1766">items. </span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36647 l3 ls2870">Foreign </span><span class="pp-class-166 pa t36647 l33567 ls1849">currency </span><span class="pp-class-166 pa t36647 l21954 ls977">translation </span><span class="pp-class-166 pa t36647 l31024 ls52">differences </span><span class="pp-class-166 pa t36647 l36648">arising </span><span class="pp-class-166 pa t36647 l3916">on </span><span class="pp-class-166 pa t36647 l28646">the </span><span class="pp-class-166 pa t36647 l36649 ls977">translation </span><span class="pp-class-166 pa t36647 l36650">of </span><span class="pp-class-166 pa t36647 l36651">non-mon-</span><span class="pp-class-166 pa t36652 l3 ls149">etary </span><span class="pp-class-166 pa t36652 l23613 ls740">items, </span><span class="pp-class-166 pa t36652 l36653">such </span><span class="pp-class-166 pa t36652 l20644">as </span><span class="pp-class-166 pa t36652 l36654 ls226">investments </span><span class="pp-class-166 pa t36652 l36655">in </span><span class="pp-class-166 pa t36652 l36656 ls1761">associates, </span><span class="pp-class-166 pa t36652 l36657 ls228">are </span><span class="pp-class-166 pa t36652 l36658 ls564">recognised </span><span class="pp-class-166 pa t36652 l36659 ls461">directly </span><span class="pp-class-166 pa t36652 l36660">in </span><span class="pp-class-166 pa t36652 l36661 ls75">other </span><span class="pp-class-166 pa t36662 l3 ls495">comprehensive </span><span class="pp-class-166 pa t36662 l26876 ls740">income.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36663 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36664 l3 ls2540">Recognition </span><span class="pp-class-172 pa t36664 l36665">in </span><span class="pp-class-172 pa t36664 l36666">the </span><span class="pp-class-172 pa t36664 l36667 ls2476">consolidated </span><span class="pp-class-172 pa t36664 l36668">financial </span><span class="pp-class-172 pa t36664 l36669 ls1122">statements </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36670 l3">When </span><span class="pp-class-166 pa t36670 l4926 ls851">preparing </span><span class="pp-class-166 pa t36670 l36671">the </span><span class="pp-class-166 pa t36670 l36672 ls1119">consolidated </span><span class="pp-class-166 pa t36670 l36673">financial </span><span class="pp-class-166 pa t36670 l19891 ls189">statements, </span><span class="pp-class-166 pa t36670 l20196">the </span><span class="pp-class-166 pa t36670 l36674 ls1122">statement </span><span class="pp-class-166 pa t36670 l26158">of </span><span class="pp-class-166 pa t36670 l36675 ls564">profit </span><span class="pp-class-166 pa t36676 l3">or </span><span class="pp-class-166 pa t36676 l21054 ls48">loss </span><span class="pp-class-166 pa t36676 l36677">of </span><span class="pp-class-166 pa t36676 l11153">entities </span><span class="pp-class-166 pa t36676 l16036">with </span><span class="pp-class-166 pa t36676 l28623">a </span><span class="pp-class-166 pa t36676 l31790 ls3593">functional </span><span class="pp-class-166 pa t36676 l16202 ls1849">currency </span><span class="pp-class-166 pa t36676 l36678 ls75">other </span><span class="pp-class-166 pa t36676 l25934">than </span><span class="pp-class-166 pa t36676 l36679">DKK </span><span class="pp-class-166 pa t36676 l36680 ls228">are </span><span class="pp-class-166 pa t36676 l36681 ls1528">translated </span><span class="pp-class-166 pa t36676 l36682">at </span><span class="pp-class-166 pa t36683 l3">the </span><span class="pp-class-166 pa t36683 l1913 ls946">average </span><span class="pp-class-166 pa t36683 l36684 ls851">exchange </span><span class="pp-class-166 pa t36683 l20208 ls5905">rate </span><span class="pp-class-166 pa t36683 l23931 ls228">for </span><span class="pp-class-166 pa t36683 l36685">the </span><span class="pp-class-166 pa t36683 l34039">period, </span><span class="pp-class-166 pa t36683 l14872">and </span><span class="pp-class-166 pa t36683 l8596 ls1122">statement </span><span class="pp-class-166 pa t36683 l36686">of </span><span class="pp-class-166 pa t36683 l36687">financial </span><span class="pp-class-166 pa t36683 l36688">position </span><span class="pp-class-166 pa t36689 l3 ls189">items </span><span class="pp-class-166 pa t36689 l36690 ls228">are </span><span class="pp-class-166 pa t36689 l20242 ls1528">translated </span><span class="pp-class-166 pa t36689 l36672">at </span><span class="pp-class-166 pa t36689 l12339">the </span><span class="pp-class-166 pa t36689 l36691">closing </span><span class="pp-class-166 pa t36689 l12654 ls5905">rate </span><span class="pp-class-166 pa t36689 l10294">at </span><span class="pp-class-166 pa t36689 l3082">the </span><span class="pp-class-166 pa t36689 l36692">end </span><span class="pp-class-166 pa t36689 l36693">of </span><span class="pp-class-166 pa t36689 l15433">the </span><span class="pp-class-166 pa t36689 l36694 ls1428">reporting </span><span class="pp-class-166 pa t36689 l36695">period.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36696 l3 ls5278">Foreign </span><span class="pp-class-166 pa t36696 l36697 ls7719">exchange </span><span class="pp-class-166 pa t36696 l23377 ls23000">differences </span><span class="pp-class-166 pa t36696 l36698 ls6530">arising </span><span class="pp-class-166 pa t36696 l36699 ls2275">on </span><span class="pp-class-166 pa t36696 l36700 ls7116">translation </span><span class="pp-class-166 pa t36696 l36701 ls2275">of </span><span class="pp-class-166 pa t36696 l6209 ls2313">the </span><span class="pp-class-166 pa t36696 l36702 ls23013">equity </span><span class="pp-class-166 pa t36696 l36703 ls2275">of </span><span class="pp-class-166 pa t36696 l15212 ls13641">foreign </span><span class="pp-class-166 pa t36696 l36704 ls6991">entities </span><span class="pp-class-166 pa t36705 l3 ls2313">and </span><span class="pp-class-166 pa t36705 l26644 ls2275">on </span><span class="pp-class-166 pa t36705 l5180 ls7116">translation </span><span class="pp-class-166 pa t36705 l13755 ls2275">of </span><span class="pp-class-166 pa t36705 l36706 ls25064">receivables </span><span class="pp-class-166 pa t36705 l2284 ls25064">considered </span><span class="pp-class-166 pa t36705 l32420 ls3187">part </span><span class="pp-class-166 pa t36705 l36707 ls2275">of </span><span class="pp-class-166 pa t36705 l36708 ls13624">net </span><span class="pp-class-166 pa t36705 l36709 ls2986">investment </span><span class="pp-class-166 pa t36705 l36710 ls5278">are </span><span class="pp-class-166 pa t36705 l36711 ls7139">recognised </span><span class="pp-class-166 pa t36712 l3 ls33411">directly </span><span class="pp-class-166 pa t36712 l36713 ls13149">in </span><span class="pp-class-166 pa t36712 l36714 ls263">other </span><span class="pp-class-166 pa t36712 l2970 ls696">comprehensive </span><span class="pp-class-166 pa t36712 l26936 ls30686">income. </span><span class="pp-class-166 pa t36712 l36715 ls22724">Foreign </span><span class="pp-class-166 pa t36712 l36716 ls2412">exchange </span><span class="pp-class-166 pa t36712 l36717 ls6595">differences </span><span class="pp-class-166 pa t36712 l36718 ls1180">arising </span><span class="pp-class-166 pa t36712 l36719 ls13149">on </span><span class="pp-class-166 pa t36712 l36720 ls2321">the </span><span class="pp-class-166 pa t36721 l3 ls11697">translation </span><span class="pp-class-166 pa t36721 l1653 ls1866">of </span><span class="pp-class-166 pa t36721 l13356 ls4132">statement </span><span class="pp-class-166 pa t36721 l14540 ls1866">of </span><span class="pp-class-166 pa t36721 l36722 ls1186">profit </span><span class="pp-class-166 pa t36721 l3382 ls1866">or </span><span class="pp-class-166 pa t36721 l36723 ls83">loss </span><span class="pp-class-166 pa t36721 l16282 ls2353">from </span><span class="pp-class-166 pa t36721 l5478 ls1853">the </span><span class="pp-class-166 pa t36721 l36724 ls1855">average </span><span class="pp-class-166 pa t36721 l12759 ls1855">exchange </span><span class="pp-class-166 pa t36721 l3012 ls8712">rate </span><span class="pp-class-166 pa t36721 l36725 ls2289">for </span><span class="pp-class-166 pa t36721 l36726 ls2307">the </span><span class="pp-class-166 pa t36727 l3 ls2315">period </span><span class="pp-class-166 pa t36727 l27729 ls2267">to </span><span class="pp-class-166 pa t36727 l9486 ls2313">the </span><span class="pp-class-166 pa t36727 l24544 ls7719">exchange </span><span class="pp-class-166 pa t36727 l18082 ls2255">rate </span><span class="pp-class-166 pa t36727 l10227 ls2275">at </span><span class="pp-class-166 pa t36727 l16132 ls2313">the </span><span class="pp-class-166 pa t36727 l12144 ls14689">reporting </span><span class="pp-class-166 pa t36727 l34040 ls1176">date </span><span class="pp-class-166 pa t36727 l36728 ls5278">are </span><span class="pp-class-166 pa t36727 l19023 ls25064">recognised </span><span class="pp-class-166 pa t36727 l36729 ls2275">in </span><span class="pp-class-166 pa t36727 l36730 ls2263">other </span><span class="pp-class-166 pa t36727 l36731 ls2265">compre-</span><span class="pp-class-166 pa t36732 l3 ls6523">hensive </span><span class="pp-class-166 pa t36732 l5488 ls2278">income. </span><span class="pp-class-166 pa t36732 l28509 ls2257">Adjustments </span><span class="pp-class-166 pa t36732 l36733 ls4852">are </span><span class="pp-class-166 pa t36732 l18836 ls19220">presented </span><span class="pp-class-166 pa t36732 l36734 ls2261">within </span><span class="pp-class-166 pa t36732 l36735 ls2263">the </span><span class="pp-class-166 pa t36732 l36736 ls19121">translation </span><span class="pp-class-166 pa t36732 l10940 ls2269">reserve </span><span class="pp-class-166 pa t36732 l36737 ls2273">in </span><span class="pp-class-166 pa t36732 l36738 ls1170">equity.</span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36739 l3 ls747">Presentation </span><span class="pp-class-170 pa t36739 l36740 ls13149">of </span><span class="pp-class-170 pa t36739 l36741 ls2257">the </span><span class="pp-class-170 pa t36739 l36742 ls1464">financial </span><span class="pp-class-170 pa t36739 l36743 ls3152">statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36744 l3 ls2307">Statement </span><span class="pp-class-172 pa t36744 l36745">of </span><span class="pp-class-172 pa t36744 l13838 ls234">cash </span><span class="pp-class-172 pa t36744 l36746">flows</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36747 l3">The </span><span class="pp-class-166 pa t36747 l1525 ls1122">statement </span><span class="pp-class-166 pa t36747 l2088">of </span><span class="pp-class-166 pa t36747 l36748 ls923">cash </span><span class="pp-class-166 pa t36747 l36749">flows </span><span class="pp-class-166 pa t36747 l36750">is </span><span class="pp-class-166 pa t36747 l36751 ls3238">prepared </span><span class="pp-class-166 pa t36747 l36752">using </span><span class="pp-class-166 pa t36747 l36753">the </span><span class="pp-class-166 pa t36747 l36754 ls461">indirect </span><span class="pp-class-166 pa t36747 l11005 ls93">method </span><span class="pp-class-166 pa t36747 l36176">based </span><span class="pp-class-166 pa t36747 l36755">on </span><span class="pp-class-166 pa t36756 l3 ls1217">operating </span><span class="pp-class-166 pa t36756 l17518 ls564">profit </span><span class="pp-class-166 pa t36756 l36757 ls1498">before </span><span class="pp-class-166 pa t36756 l36758 ls492">amortisation </span><span class="pp-class-166 pa t36756 l28999">and </span><span class="pp-class-166 pa t36756 l3832 ls2022">depreciation </span><span class="pp-class-166 pa t36756 l36759 ls552">(EBITDA) </span><span class="pp-class-166 pa t36756 l5837 ls1498">before </span><span class="pp-class-166 pa t36756 l36760 ls1528">special </span><span class="pp-class-166 pa t36761 l3 ls3238">items. </span><span class="pp-class-166 pa t36761 l30563 ls1528">The </span><span class="pp-class-166 pa t36761 l36762 ls1319">statement </span><span class="pp-class-166 pa t36761 l3905 ls2540">of </span><span class="pp-class-166 pa t36761 l36763 ls1343">cash </span><span class="pp-class-166 pa t36761 l12068 ls2061">flows </span><span class="pp-class-166 pa t36761 l36764 ls2708">cannot </span><span class="pp-class-166 pa t36761 l36765 ls2540">be </span><span class="pp-class-166 pa t36761 l36766 ls4405">derived </span><span class="pp-class-166 pa t36761 l7246 ls265">directly </span><span class="pp-class-166 pa t36761 l36767 ls10010">from </span><span class="pp-class-166 pa t36761 l14391">the </span><span class="pp-class-166 pa t36761 l36768 ls135">state-</span><span class="pp-class-166 pa t36769 l3">ment </span><span class="pp-class-166 pa t36769 l5719">of </span><span class="pp-class-166 pa t36769 l36770">financial </span><span class="pp-class-166 pa t36769 l11272">position </span><span class="pp-class-166 pa t36769 l36771">and </span><span class="pp-class-166 pa t36769 l6918">the </span><span class="pp-class-166 pa t36769 l36772 ls1122">statement </span><span class="pp-class-166 pa t36769 l26911">of </span><span class="pp-class-166 pa t36769 l26912 ls564">profit </span><span class="pp-class-166 pa t36769 l26121">or </span><span class="pp-class-166 pa t36769 l1991 ls48">loss.</span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36739 l3 ls747">Presentation </span><span class="pp-class-170 pa t36739 l36740 ls13149">of </span><span class="pp-class-170 pa t36739 l36741 ls2257">the </span><span class="pp-class-170 pa t36739 l36742 ls1464">financial </span><span class="pp-class-170 pa t36739 l36743 ls3152">statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36744 l3 ls2307">Statement </span><span class="pp-class-172 pa t36744 l36745">of </span><span class="pp-class-172 pa t36744 l13838 ls234">cash </span><span class="pp-class-172 pa t36744 l36746">flows</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36747 l3">The </span><span class="pp-class-166 pa t36747 l1525 ls1122">statement </span><span class="pp-class-166 pa t36747 l2088">of </span><span class="pp-class-166 pa t36747 l36748 ls923">cash </span><span class="pp-class-166 pa t36747 l36749">flows </span><span class="pp-class-166 pa t36747 l36750">is </span><span class="pp-class-166 pa t36747 l36751 ls3238">prepared </span><span class="pp-class-166 pa t36747 l36752">using </span><span class="pp-class-166 pa t36747 l36753">the </span><span class="pp-class-166 pa t36747 l36754 ls461">indirect </span><span class="pp-class-166 pa t36747 l11005 ls93">method </span><span class="pp-class-166 pa t36747 l36176">based </span><span class="pp-class-166 pa t36747 l36755">on </span><span class="pp-class-166 pa t36756 l3 ls1217">operating </span><span class="pp-class-166 pa t36756 l17518 ls564">profit </span><span class="pp-class-166 pa t36756 l36757 ls1498">before </span><span class="pp-class-166 pa t36756 l36758 ls492">amortisation </span><span class="pp-class-166 pa t36756 l28999">and </span><span class="pp-class-166 pa t36756 l3832 ls2022">depreciation </span><span class="pp-class-166 pa t36756 l36759 ls552">(EBITDA) </span><span class="pp-class-166 pa t36756 l5837 ls1498">before </span><span class="pp-class-166 pa t36756 l36760 ls1528">special </span><span class="pp-class-166 pa t36761 l3 ls3238">items. </span><span class="pp-class-166 pa t36761 l30563 ls1528">The </span><span class="pp-class-166 pa t36761 l36762 ls1319">statement </span><span class="pp-class-166 pa t36761 l3905 ls2540">of </span><span class="pp-class-166 pa t36761 l36763 ls1343">cash </span><span class="pp-class-166 pa t36761 l12068 ls2061">flows </span><span class="pp-class-166 pa t36761 l36764 ls2708">cannot </span><span class="pp-class-166 pa t36761 l36765 ls2540">be </span><span class="pp-class-166 pa t36761 l36766 ls4405">derived </span><span class="pp-class-166 pa t36761 l7246 ls265">directly </span><span class="pp-class-166 pa t36761 l36767 ls10010">from </span><span class="pp-class-166 pa t36761 l14391">the </span><span class="pp-class-166 pa t36761 l36768 ls135">state-</span><span class="pp-class-166 pa t36769 l3">ment </span><span class="pp-class-166 pa t36769 l5719">of </span><span class="pp-class-166 pa t36769 l36770">financial </span><span class="pp-class-166 pa t36769 l11272">position </span><span class="pp-class-166 pa t36769 l36771">and </span><span class="pp-class-166 pa t36769 l6918">the </span><span class="pp-class-166 pa t36769 l36772 ls1122">statement </span><span class="pp-class-166 pa t36769 l26911">of </span><span class="pp-class-166 pa t36769 l26912 ls564">profit </span><span class="pp-class-166 pa t36769 l26121">or </span><span class="pp-class-166 pa t36769 l1991 ls48">loss.</span></p><div class="pp-class-4" id="pp-id-4404" xmlns="http://www.w3.org/1999/xhtml"><div class="w39976 h39977 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39978 l3">The </span><span class="pp-class-166 pa t39978 l1525 ls564">profit </span><span class="pp-class-166 pa t39978 l39979">or </span><span class="pp-class-166 pa t39978 l39980 ls48">loss </span><span class="pp-class-166 pa t39978 l26442">and </span><span class="pp-class-166 pa t39978 l39981 ls923">cash </span><span class="pp-class-166 pa t39978 l39982">flow </span><span class="pp-class-166 pa t39978 l39983 ls1636">impact </span><span class="pp-class-166 pa t39978 l39984">of </span><span class="pp-class-166 pa t39978 l39985 ls239">leases </span><span class="pp-class-166 pa t39978 l39986 ls564">recognised </span><span class="pp-class-166 pa t39978 l9264 ls228">for </span><span class="pp-class-166 pa t39978 l39987">the </span><span class="pp-class-166 pa t39978 l39988 ls48">year </span><span class="pp-class-166 pa t39978 l21099 ls228">are </span><span class="pp-class-166 pa t39989 l3">specified </span><span class="pp-class-166 pa t39989 l4120 ls794">below:</span></p></div></div><div class="pp-class-4" id="pp-id-4405" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39990 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39964 l3 ls4703">Lease </span><span class="pp-class-170 pa t39964 l39991 ls13591">effects </span><span class="pp-class-170 pa t39964 l39992 ls2300">recognised </span><span class="pp-class-170 pa t39964 l39993 ls1866">in </span><span class="pp-class-170 pa t39964 l39994 ls23013">profit </span><span class="pp-class-170 pa t39965 l3 ls1866">or </span><span class="pp-class-170 pa t39965 l39995 ls115">loss </span><span class="pp-class-170 pa t39965 l22245 ls1853">and </span><span class="pp-class-170 pa t39965 l39996 ls83">cash </span><span class="pp-class-170 pa t39965 l39997 ls2690">flow </span><span class="pp-class-166 pa t39965 l39998">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39965 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39965 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t35090 l3 ls6056">Profit </span><span class="pp-class-172 pa t35090 l34900">or </span><span class="pp-class-172 pa t35090 l18878 ls70">loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls740">Income </span><span class="pp-class-166 pa t35092 l8800 ls267">from </span><span class="pp-class-166 pa t35092 l37009 ls205">subleasing </span><span class="pp-class-166 pa t35092 l20124">of </span><span class="pp-class-166 pa t35092 l19295 ls1026">ROU </span><span class="pp-class-166 pa t35092 l39999 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">168</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28210">94</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3">Gain </span><span class="pp-class-166 pa t35098 l40000">on </span><span class="pp-class-166 pa t35098 l1193">sale </span><span class="pp-class-166 pa t35098 l40001">and </span><span class="pp-class-166 pa t35098 l26376 ls394">leaseback </span><span class="pp-class-166 pa t35098 l40002 ls750">transactions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l38036">342</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28210">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls63">Expenses </span><span class="pp-class-166 pa t35099 l40003 ls66">relating </span><span class="pp-class-166 pa t35099 l29914 ls135">to </span><span class="pp-class-166 pa t35099 l10833 ls239">short-term </span><span class="pp-class-166 pa t35099 l40004 ls101">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l40005">(987)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l40006">(564)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l3 ls63">Expenses </span><span class="pp-class-166 pa t35102 l40003 ls66">relating </span><span class="pp-class-166 pa t35102 l29914 ls135">to </span><span class="pp-class-166 pa t35102 l10833 ls239">leases </span><span class="pp-class-166 pa t35102 l29444">of </span><span class="pp-class-166 pa t35102 l40007 ls394">low-value </span><span class="pp-class-166 pa t35102 l40008 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l40009">(1,719)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l40006">(780)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38096 l3 ls1319">Expenses </span><span class="pp-class-166 pa t38096 l40010 ls5045">relating </span><span class="pp-class-166 pa t38096 l30674 ls2302">to </span><span class="pp-class-166 pa t38096 l7321 ls5048">variable </span><span class="pp-class-166 pa t38096 l40011 ls1536">lease </span><span class="pp-class-166 pa t38096 l40012 ls1498">payments </span><span class="pp-class-166 pa t38096 l40013 ls2660">not </span><span class="pp-class-166 pa t38313 l3">included </span><span class="pp-class-166 pa t38313 l22061">in </span><span class="pp-class-166 pa t38313 l12841">the </span><span class="pp-class-166 pa t38313 l7436 ls164">measurement </span><span class="pp-class-166 pa t38313 l40014">of </span><span class="pp-class-166 pa t38313 l8881 ls101">lease </span><span class="pp-class-166 pa t38313 l14879">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l40005">(161)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l38103">(74)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40015 l3 ls2022">Depreciation </span><span class="pp-class-166 pa t40015 l39345">of </span><span class="pp-class-166 pa t40015 l40016 ls1026">ROU </span><span class="pp-class-166 pa t40015 l40017 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40015 l40009">(6,374)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40015 l37964">(4,416)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40018 l3 ls135">Interest </span><span class="pp-class-166 pa t40018 l8671 ls1683">expenses </span><span class="pp-class-166 pa t40018 l38303">on </span><span class="pp-class-166 pa t40018 l38304 ls101">lease </span><span class="pp-class-166 pa t40018 l31310">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40018 l40009">(1,669)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40018 l37964">(1,152)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40019 l3 ls13605">Total </span><span class="pp-class-170 pa t40019 l40020 ls2540">profit </span><span class="pp-class-170 pa t40019 l40021">or </span><span class="pp-class-170 pa t40019 l40022 ls461">loss </span><span class="pp-class-170 pa t40019 l40023 ls6399">for </span><span class="pp-class-170 pa t40019 l33351 ls556">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40019 l40024">(10,400)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40019 l40025">(6,836)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40026 l3 ls3593">Cash </span><span class="pp-class-172 pa t40026 l10969">flow</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40027 l3 ls13605">Total </span><span class="pp-class-170 pa t40027 l40020 ls48">cash </span><span class="pp-class-170 pa t40027 l40028">outflow </span><span class="pp-class-170 pa t40027 l40029 ls6399">for </span><span class="pp-class-170 pa t40027 l40030 ls556">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40027 l40031">10,104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40027 l37964">6,822</span></p></td></tr></table></div></div><div id="pp-id-4447" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41581 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41582 ls1319">Non-cash </span><span class="pp-class-170 pa t28110 l41583 ls2688">change</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41584 l3 ls2349">Financing </span><span class="pp-class-170 pa t41584 l10366 ls54">activities </span><span class="pp-class-170 pa t41584 l12864 ls2275">2025</span><span class="pp-class-166 pa t41584 l41585"/><span class="pp-class-166 pa t41584 l41586">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41587 l41588">Beginning </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41584 l41589">of </span><span class="pp-class-166 pa t41584 l41590 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41584 l41591 ls4015">Cash </span><span class="pp-class-166 pa t41584 l41592">flow</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28117 l41593 ls2870">Foreign </span><span class="pp-class-166 pa t41594 l41595 ls1849">currency </span><span class="pp-class-166 pa t41587 l41596 ls851">exchange </span><span class="pp-class-166 pa t41587 l41597 ls5905">rate </span><span class="pp-class-166 pa t41584 l41598 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41584 l41599">Other</span><span class="pp-class-174 pa t41600 l41601">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41584 l41602">End </span><span class="pp-class-166 pa t41584 l41603">of </span><span class="pp-class-166 pa t41584 l41604 ls1026">year</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t41605 l39979">and </span><span class="pp-class-166 pa t41605 l41538 ls564">credit </span><span class="pp-class-166 pa t41605 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l41606">362</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l41607">(9,698)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l41608">(58)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l41609">15,471</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l38235">6,077</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l3 ls239">Issued </span><span class="pp-class-166 pa t41610 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l41612">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l41613">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l41614">146</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l41615">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l37820">60,928</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l3 ls75">Lease </span><span class="pp-class-166 pa t41616 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l41612">21,673</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l41607">(7,747)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l41617">(1,095)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l41609">18,099</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l37820">30,930</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l3 ls15293">Total </span><span class="pp-class-170 pa t41618 l34893 ls115">financial </span><span class="pp-class-170 pa t41618 l41619 ls2282">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l41620 ls2688">82,817</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l41621 ls2660">(17,445)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l41622 ls1858">(1,007)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l41623 ls2688">33,570</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l38228 ls2688">97,935</span></p></td></tr></table></div></div><div id="pp-id-4448" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41624 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls2349">Financing </span><span class="pp-class-170 pa t28110 l10366 ls54">activities </span><span class="pp-class-170 pa t28110 l12864 ls2275">2024</span><span class="pp-class-166 pa t28110 l41585"/><span class="pp-class-166 pa t28110 l41586">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t33223 l39979">and </span><span class="pp-class-166 pa t33223 l41538 ls564">credit </span><span class="pp-class-166 pa t33223 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41606">677</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41607">(1,296)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41625">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41626">962</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l38253">362</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l3 ls239">Issued </span><span class="pp-class-166 pa t41627 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l41612">21,450</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l41628">39,299</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l41625">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l41629">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l37820">60,782</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l3 ls75">Lease </span><span class="pp-class-166 pa t41630 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l41612">17,947</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l41607">(5,404)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l41614">285</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l41631">8,845</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l37820">21,673</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l3 ls15293">Total </span><span class="pp-class-170 pa t33015 l34893 ls2786">liabilities </span><span class="pp-class-170 pa t33015 l41632 ls4132">from </span><span class="pp-class-170 pa t33015 l18082 ls115">financing </span><span class="pp-class-170 pa t33015 l20016 ls2081">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l41620 ls2688">40,074</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l41633 ls2688">32,599</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l41634 ls1866">329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l41635 ls2690">9,815</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l38228 ls2688">82,817</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l3">Other </span><span class="pp-class-166 pa t41636 l4385">financial </span><span class="pp-class-166 pa t41636 l28667">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l41637 ls2307">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l41613">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l41638">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l41639">(16)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l3 ls15293">Total </span><span class="pp-class-170 pa t33030 l34893 ls115">financial </span><span class="pp-class-170 pa t33030 l41619 ls2282">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l41620 ls2688">40,090</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l41633 ls2688">34,709</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l41634 ls1866">329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l41635 ls2690">7,689</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l38228 ls2688">82,817</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4449" xmlns="http://www.w3.org/1999/xhtml"><div class="w37847 h3194 pa t2 l3 wtro4 xx2758 tro6 xx2759"><p class="pp-class-164 pp-area-text"><span class="pp-class-175 pa t4254 l3">1</span><span class="pp-class-173 pa t2760 l7664"/><span class="pp-class-173 pa t2760 l4255">Other </span><span class="pp-class-173 pa t2760 l41640 ls166">includes </span><span class="pp-class-173 pa t2760 l41641 ls166">additions </span><span class="pp-class-173 pa t2760 l41642">and </span><span class="pp-class-173 pa t2760 l41643 ls218">remeasurement </span><span class="pp-class-173 pa t2760 l41644">of </span><span class="pp-class-173 pa t2760 l41645">financial </span><span class="pp-class-173 pa t2760 l41646">liabilities.</span></p></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36883 l3 ls2257">New </span><span class="pp-class-170 pa t36883 l36884 ls5287">accounting </span><span class="pp-class-170 pa t36883 l36885 ls10425">regulations</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36696 l3">The </span><span class="pp-class-166 pa t36696 l1525">IASB </span><span class="pp-class-166 pa t36696 l1578">has </span><span class="pp-class-166 pa t36696 l2011 ls239">issued </span><span class="pp-class-166 pa t36696 l36886">new </span><span class="pp-class-166 pa t36696 l27578 ls702">standards </span><span class="pp-class-166 pa t36696 l19397">and </span><span class="pp-class-166 pa t36696 l36887">amendments </span><span class="pp-class-166 pa t36696 l36888 ls1528">not </span><span class="pp-class-166 pa t36696 l2867 ls234">yet </span><span class="pp-class-166 pa t36696 l36889">in </span><span class="pp-class-166 pa t36696 l4964 ls2221">effect </span><span class="pp-class-166 pa t36696 l36890">or </span><span class="pp-class-166 pa t36705 l3 ls187">adopted </span><span class="pp-class-166 pa t36705 l36891">by </span><span class="pp-class-166 pa t36705 l36892">the </span><span class="pp-class-166 pa t36705 l14911">EU </span><span class="pp-class-166 pa t36705 l5256">and </span><span class="pp-class-166 pa t36705 l9356 ls96">therefore </span><span class="pp-class-166 pa t36705 l36893 ls1528">not </span><span class="pp-class-166 pa t36705 l36894 ls1528">relevant </span><span class="pp-class-166 pa t36705 l36895 ls228">for </span><span class="pp-class-166 pa t36705 l36896">the </span><span class="pp-class-166 pa t36705 l36897 ls614">preparation </span><span class="pp-class-166 pa t36705 l36898">of </span><span class="pp-class-166 pa t36705 l36899">the </span><span class="pp-class-166 pa t36705 l12279">2025 </span><span class="pp-class-166 pa t36712 l3 ls1119">consolidated </span><span class="pp-class-166 pa t36712 l6168">financial </span><span class="pp-class-166 pa t36712 l36900 ls189">statements. </span><span class="pp-class-166 pa t36712 l36901">DSV </span><span class="pp-class-166 pa t36712 l36902 ls1839">expects </span><span class="pp-class-166 pa t36712 l36903 ls135">to </span><span class="pp-class-166 pa t36712 l36904">implement </span><span class="pp-class-166 pa t36712 l36905">the </span><span class="pp-class-166 pa t36712 l36906 ls702">standards </span><span class="pp-class-166 pa t36721 l3">and </span><span class="pp-class-166 pa t36721 l1192">amendments </span><span class="pp-class-166 pa t36721 l33731">when </span><span class="pp-class-166 pa t36721 l36907 ls890">they </span><span class="pp-class-166 pa t36721 l36908 ls267">take </span><span class="pp-class-166 pa t36721 l36909 ls7791">effect. </span><span class="pp-class-166 pa t36721 l36910 ls205">Management </span><span class="pp-class-166 pa t36721 l36911 ls226">assesses </span><span class="pp-class-166 pa t36721 l36912">that </span><span class="pp-class-166 pa t36721 l36913">none </span><span class="pp-class-166 pa t36721 l36914">of </span><span class="pp-class-166 pa t36727 l3">the </span><span class="pp-class-166 pa t36727 l1913 ls239">issued </span><span class="pp-class-166 pa t36727 l36915 ls702">standards </span><span class="pp-class-166 pa t36727 l20682">and </span><span class="pp-class-166 pa t36727 l36916">amendments </span><span class="pp-class-166 pa t36727 l36917 ls1528">not </span><span class="pp-class-166 pa t36727 l16190 ls234">yet </span><span class="pp-class-166 pa t36727 l7335">in </span><span class="pp-class-166 pa t36727 l36918 ls2221">effect </span><span class="pp-class-166 pa t36727 l32422">will </span><span class="pp-class-166 pa t36727 l36919 ls158">significantly </span><span class="pp-class-166 pa t36727 l36920 ls1636">impact </span><span class="pp-class-166 pa t36732 l3">the </span><span class="pp-class-166 pa t36732 l1913 ls5508">recognition </span><span class="pp-class-166 pa t36732 l36921">and </span><span class="pp-class-166 pa t36732 l2562 ls164">measurement </span><span class="pp-class-166 pa t36732 l36922">policies </span><span class="pp-class-166 pa t36732 l36923">of </span><span class="pp-class-166 pa t36732 l11295">the </span><span class="pp-class-166 pa t36732 l36924 ls564">Group. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t36739 l3">IFRS </span><span class="pp-class-172 pa t36739 l31944">18 </span><span class="pp-class-172 pa t36739 l12417 ls12989">Presentation </span><span class="pp-class-172 pa t36739 l11078">and </span><span class="pp-class-172 pa t36739 l26883 ls189">Disclosure </span><span class="pp-class-172 pa t36739 l2450">in </span><span class="pp-class-172 pa t36739 l36925 ls101">Financial </span><span class="pp-class-172 pa t36739 l36535 ls2307">Statements</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36926 l3">IFRS </span><span class="pp-class-166 pa t36926 l11367">18, </span><span class="pp-class-166 pa t36926 l12252">which </span><span class="pp-class-166 pa t36926 l5354 ls265">replaces </span><span class="pp-class-166 pa t36926 l7140">IAS </span><span class="pp-class-166 pa t36926 l36927">1 </span><span class="pp-class-166 pa t36926 l36928 ls3490">Presentation </span><span class="pp-class-166 pa t36926 l36929">of </span><span class="pp-class-166 pa t36926 l36930 ls394">Financial </span><span class="pp-class-166 pa t36926 l36931 ls495">Statements, </span><span class="pp-class-166 pa t36926 l36932 ls702">introduces</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36744 l3">new </span><span class="pp-class-166 pa t36744 l24006 ls107">presentation </span><span class="pp-class-166 pa t36744 l36933 ls4405">requirements </span><span class="pp-class-166 pa t36744 l29684 ls1766">related </span><span class="pp-class-166 pa t36744 l36934 ls135">to </span><span class="pp-class-166 pa t36744 l36935">the </span><span class="pp-class-166 pa t36744 l20939 ls1122">statement </span><span class="pp-class-166 pa t36744 l32341">of </span><span class="pp-class-166 pa t36744 l36936 ls564">profit </span><span class="pp-class-166 pa t36744 l36937">or </span><span class="pp-class-166 pa t36744 l36938 ls101">loss, </span><span class="pp-class-166 pa t36747 l3">including </span><span class="pp-class-166 pa t36747 l6839">new </span><span class="pp-class-166 pa t36747 l36939 ls2022">categories </span><span class="pp-class-166 pa t36747 l36940">of </span><span class="pp-class-166 pa t36747 l36941 ls740">income </span><span class="pp-class-166 pa t36747 l36942">and </span><span class="pp-class-166 pa t36747 l36943 ls1683">expenses </span><span class="pp-class-166 pa t36747 l36944">(i.e., </span><span class="pp-class-166 pa t36747 l36945 ls750">operating, </span><span class="pp-class-166 pa t36747 l36946 ls3593">financing, </span><span class="pp-class-166 pa t36756 l3 ls226">investing). </span><span class="pp-class-166 pa t36756 l36947">IFRS </span><span class="pp-class-166 pa t36756 l12485">18 </span><span class="pp-class-166 pa t36756 l36948 ls3238">requires </span><span class="pp-class-166 pa t36756 l36949 ls164">disclosure </span><span class="pp-class-166 pa t36756 l36390">of </span><span class="pp-class-166 pa t36756 l36950">management-defined </span><span class="pp-class-166 pa t36756 l16334 ls826">performance </span><span class="pp-class-166 pa t36761 l3 ls1528">measures </span><span class="pp-class-166 pa t36761 l8930">and </span><span class="pp-class-166 pa t36761 l3377">includes </span><span class="pp-class-166 pa t36761 l11119">new </span><span class="pp-class-166 pa t36761 l36951 ls4405">requirements </span><span class="pp-class-166 pa t36761 l32152 ls228">for </span><span class="pp-class-166 pa t36761 l22129">the </span><span class="pp-class-166 pa t36761 l24387 ls740">aggregation </span><span class="pp-class-166 pa t36761 l36952">and </span><span class="pp-class-166 pa t36761 l31773 ls164">disaggrega-</span><span class="pp-class-166 pa t36769 l3">tion </span><span class="pp-class-166 pa t36769 l3587">of </span><span class="pp-class-166 pa t36769 l3588">financial </span><span class="pp-class-166 pa t36769 l36953 ls2022">information. </span><span class="pp-class-166 pa t36769 l36954">In </span><span class="pp-class-166 pa t36769 l7042">addition, </span><span class="pp-class-166 pa t36769 l36955">amendments </span><span class="pp-class-166 pa t36769 l2590 ls48">have </span><span class="pp-class-166 pa t36769 l36956">been </span><span class="pp-class-166 pa t36769 l28228">made </span><span class="pp-class-166 pa t36769 l36957 ls135">to </span><span class="pp-class-166 pa t36769 l36958">IAS </span><span class="pp-class-166 pa t36769 l36959">7 </span><span class="pp-class-166 pa t36960 l3 ls1021">Statement </span><span class="pp-class-166 pa t36960 l1022">of </span><span class="pp-class-166 pa t36960 l1023 ls4015">Cash </span><span class="pp-class-166 pa t36960 l36961 ls239">Flows, </span><span class="pp-class-166 pa t36960 l36962 ls135">to </span><span class="pp-class-166 pa t36960 l8709">change </span><span class="pp-class-166 pa t36960 l20853">the </span><span class="pp-class-166 pa t36960 l36963 ls158">starting </span><span class="pp-class-166 pa t36960 l36964">point </span><span class="pp-class-166 pa t36960 l36965 ls228">for </span><span class="pp-class-166 pa t36960 l36966 ls180">determining </span><span class="pp-class-166 pa t36960 l36967 ls923">cash </span><span class="pp-class-166 pa t36773 l3">flows </span><span class="pp-class-166 pa t36773 l36968 ls267">from </span><span class="pp-class-166 pa t36773 l4180 ls154">operations </span><span class="pp-class-166 pa t36773 l23332">under </span><span class="pp-class-166 pa t36773 l36969">the </span><span class="pp-class-166 pa t36773 l36970 ls461">indirect </span><span class="pp-class-166 pa t36773 l36971 ls93">method </span><span class="pp-class-166 pa t36773 l10230">and </span><span class="pp-class-166 pa t36773 l29122 ls135">to </span><span class="pp-class-166 pa t36773 l36972 ls702">remove </span><span class="pp-class-166 pa t36773 l36973">the </span><span class="pp-class-166 pa t36773 l21589 ls3185">optionality </span><span class="pp-class-166 pa t36775 l3 ls564">around </span><span class="pp-class-166 pa t36775 l36974 ls1026">classification </span><span class="pp-class-166 pa t36775 l33536">of </span><span class="pp-class-166 pa t36775 l5925 ls923">cash </span><span class="pp-class-166 pa t36775 l36975">flows </span><span class="pp-class-166 pa t36775 l36976 ls267">from </span><span class="pp-class-166 pa t36775 l36977">dividends </span><span class="pp-class-166 pa t36775 l36978">and </span><span class="pp-class-166 pa t36775 l36979 ls923">interest. </span><span class="pp-class-166 pa t36775 l36980 ls497">There </span><span class="pp-class-166 pa t36775 l20010 ls228">are </span><span class="pp-class-166 pa t36775 l36981">also </span><span class="pp-class-166 pa t36780 l3 ls1575">consequential </span><span class="pp-class-166 pa t36780 l11934">amendments </span><span class="pp-class-166 pa t36780 l9365 ls135">to </span><span class="pp-class-166 pa t36780 l14795 ls946">several </span><span class="pp-class-166 pa t36780 l15024 ls75">other </span><span class="pp-class-166 pa t36780 l36982 ls564">standards. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36983 l3">The </span><span class="pp-class-166 pa t36983 l1525">adoption </span><span class="pp-class-166 pa t36983 l36984">of </span><span class="pp-class-166 pa t36983 l21374">the </span><span class="pp-class-166 pa t36983 l23681 ls265">standard </span><span class="pp-class-166 pa t36983 l36985">is </span><span class="pp-class-166 pa t36983 l36986 ls1528">not </span><span class="pp-class-166 pa t36983 l36987 ls70">expected </span><span class="pp-class-166 pa t36983 l1608 ls135">to </span><span class="pp-class-166 pa t36983 l36988 ls564">result </span><span class="pp-class-166 pa t36983 l8818">in </span><span class="pp-class-166 pa t36983 l36989">major </span><span class="pp-class-166 pa t36983 l36990">changes </span><span class="pp-class-166 pa t36983 l36991 ls135">to </span><span class="pp-class-166 pa t36983 l36992">our </span><span class="pp-class-166 pa t36793 l3 ls187">existing </span><span class="pp-class-166 pa t36793 l13494 ls946">accounting </span><span class="pp-class-166 pa t36793 l5684">policies </span><span class="pp-class-166 pa t36793 l36993">and </span><span class="pp-class-166 pa t36793 l36994">is </span><span class="pp-class-166 pa t36793 l13262 ls1528">not </span><span class="pp-class-166 pa t36793 l36995 ls70">expected </span><span class="pp-class-166 pa t36793 l36996 ls135">to </span><span class="pp-class-166 pa t36793 l36997 ls2221">affect </span><span class="pp-class-166 pa t36793 l11974 ls234">net </span><span class="pp-class-166 pa t36793 l36998 ls66">profits. </span><span class="pp-class-166 pa t36793 l36999 ls7509">However, </span><span class="pp-class-166 pa t36798 l3">the </span><span class="pp-class-166 pa t36798 l1913 ls226">introduction </span><span class="pp-class-166 pa t36798 l5404">of </span><span class="pp-class-166 pa t36798 l37000">new </span><span class="pp-class-166 pa t36798 l37001 ls2022">categories </span><span class="pp-class-166 pa t36798 l37002 ls135">to </span><span class="pp-class-166 pa t36798 l14333">the </span><span class="pp-class-166 pa t36798 l37003 ls1122">statement </span><span class="pp-class-166 pa t36798 l37004">of </span><span class="pp-class-166 pa t36798 l37005 ls564">profit </span><span class="pp-class-166 pa t36798 l37006">or </span><span class="pp-class-166 pa t36798 l37007 ls48">loss </span><span class="pp-class-166 pa t36798 l37008">is </span><span class="pp-class-166 pa t36798 l23446 ls492">expect-</span><span class="pp-class-166 pa t36807 l3">ed </span><span class="pp-class-166 pa t36807 l1869 ls135">to </span><span class="pp-class-166 pa t36807 l15159 ls228">require </span><span class="pp-class-166 pa t36807 l37009 ls75">reclassification </span><span class="pp-class-166 pa t36807 l7228">of </span><span class="pp-class-166 pa t36807 l7229 ls187">certain </span><span class="pp-class-166 pa t36807 l37010 ls1740">accounts </span><span class="pp-class-166 pa t36807 l37011">in </span><span class="pp-class-166 pa t36807 l37012">the </span><span class="pp-class-166 pa t36807 l37013 ls1122">statement </span><span class="pp-class-166 pa t36807 l37014">of </span><span class="pp-class-166 pa t36807 l22307 ls564">profit </span><span class="pp-class-166 pa t36807 l37015">or </span><span class="pp-class-166 pa t36816 l3 ls48">loss </span><span class="pp-class-166 pa t36816 l37016">and </span><span class="pp-class-166 pa t36816 l28766 ls2022">redefinition </span><span class="pp-class-166 pa t36816 l37017">of </span><span class="pp-class-166 pa t36816 l37018">our </span><span class="pp-class-166 pa t36816 l37019 ls1119">key </span><span class="pp-class-166 pa t36816 l37020">financial </span><span class="pp-class-166 pa t36816 l37021 ls107">measures. </span><span class="pp-class-166 pa t36823 l3">IFRS </span><span class="pp-class-166 pa t36823 l11367">18 </span><span class="pp-class-166 pa t36823 l11368">and </span><span class="pp-class-166 pa t36823 l37022">all </span><span class="pp-class-166 pa t36823 l2970 ls1575">consequential </span><span class="pp-class-166 pa t36823 l7425">amendments </span><span class="pp-class-166 pa t36823 l37023 ls228">are </span><span class="pp-class-166 pa t36823 l20137 ls70">expected </span><span class="pp-class-166 pa t36823 l37024 ls135">to </span><span class="pp-class-166 pa t36823 l37025 ls267">take </span><span class="pp-class-166 pa t36823 l30631 ls2221">effect </span><span class="pp-class-166 pa t36823 l37026">on </span><span class="pp-class-166 pa t36830 l3">1 </span><span class="pp-class-166 pa t36830 l2138 ls1915">January </span><span class="pp-class-166 pa t36830 l37027">2027 </span><span class="pp-class-166 pa t36830 l37028">and </span><span class="pp-class-166 pa t36830 l37029">will </span><span class="pp-class-166 pa t36830 l37030">be </span><span class="pp-class-166 pa t36830 l37031">applied </span><span class="pp-class-166 pa t36830 l37032 ls3490">retrospectively. </span></p> <div class="pp-class-4" id="pp-id-4330" xmlns="http://www.w3.org/1999/xhtml"><div class="w37092 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.1 </span><span class="pp-class-169 pa t254 l37093 ls692">Segment </span><span class="pp-class-169 pa t254 l37094 ls1183">information</span></p></div></div><div class="pp-class-4" id="pp-id-4331" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37095 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37096 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37096 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37098 l3 ls1217">Operating </span><span class="pp-class-166 pa t37098 l10117">segments </span><span class="pp-class-166 pa t37098 l37099 ls228">are </span><span class="pp-class-166 pa t37098 l12478">defined </span><span class="pp-class-166 pa t37098 l37100">by </span><span class="pp-class-166 pa t37098 l37101">the </span><span class="pp-class-166 pa t37098 l31438 ls977">operational </span><span class="pp-class-166 pa t37098 l12474">and </span><span class="pp-class-166 pa t37098 l37102">management </span><span class="pp-class-166 pa t37098 l37103 ls428">structure </span><span class="pp-class-166 pa t37104 l3">of </span><span class="pp-class-166 pa t37104 l2457 ls73">DSV, </span><span class="pp-class-166 pa t37104 l19509">which </span><span class="pp-class-166 pa t37104 l37105">is </span><span class="pp-class-166 pa t37104 l37106 ls455">derived </span><span class="pp-class-166 pa t37104 l37107 ls267">from </span><span class="pp-class-166 pa t37104 l37108">the </span><span class="pp-class-166 pa t37104 l7112 ls1094">types </span><span class="pp-class-166 pa t37104 l37109">of </span><span class="pp-class-166 pa t37104 l11721 ls457">services </span><span class="pp-class-166 pa t37104 l37110 ls135">we </span><span class="pp-class-166 pa t37104 l27615 ls455">deliver </span><span class="pp-class-166 pa t37104 l37111">and </span><span class="pp-class-166 pa t37104 l37112">our </span><span class="pp-class-166 pa t37104 l37113">geo-</span><span class="pp-class-166 pa t37114 l3 ls851">graphical </span><span class="pp-class-166 pa t37114 l26521 ls265">presence </span><span class="pp-class-166 pa t37114 l12550">on </span><span class="pp-class-166 pa t37114 l37115">the </span><span class="pp-class-166 pa t37114 l37116" xmlns="http://www.w3.org/1999/xhtml">global </span><span class="pp-class-166 pa t37114 l37117 ls78">market. </span><span class="pp-class-166 pa t37114 l26864 ls2388">As </span><span class="pp-class-166 pa t37114 l32021">such, </span><span class="pp-class-166 pa t37114 l4084">our </span><span class="pp-class-166 pa t37114 l37118 ls1217">operating </span><span class="pp-class-166 pa t37114 l37119">segments </span><span class="pp-class-166 pa t37114 l37120 ls1860">re-</span><span class="pp-class-166 pa t37121 l3 ls794">flect </span><span class="pp-class-166 pa t37121 l8720">our </span><span class="pp-class-166 pa t37121 l37122">divisional </span><span class="pp-class-166 pa t37121 l28633">and </span><span class="pp-class-166 pa t37121 l37123 ls497">Group </span><span class="pp-class-166 pa t37121 l37124 ls1428">reporting </span><span class="pp-class-166 pa t37121 l32067">used </span><span class="pp-class-166 pa t37121 l3282 ls228">for </span><span class="pp-class-166 pa t37121 l3777 ls205">Management </span><span class="pp-class-166 pa t37121 l37125">decision </span><span class="pp-class-166 pa t37121 l37126">making.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37127 l3 ls1466">Operating </span><span class="pp-class-170 pa t37127 l37128 ls1180">segments</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37129 l3">Our </span><span class="pp-class-166 pa t37129 l393 ls394">business </span><span class="pp-class-166 pa t37129 l395 ls154">operations </span><span class="pp-class-166 pa t37129 l23908 ls228">are </span><span class="pp-class-166 pa t37129 l37130 ls234">carried </span><span class="pp-class-166 pa t37129 l37131">out </span><span class="pp-class-166 pa t37129 l37132">by </span><span class="pp-class-166 pa t37129 l23827 ls497">three </span><span class="pp-class-166 pa t37129 l37133">divisions, </span><span class="pp-class-166 pa t37129 l37134 ls856">forming </span><span class="pp-class-166 pa t37129 l12569">the </span><span class="pp-class-166 pa t37129 l37135">basis </span><span class="pp-class-166 pa t37136 l3">of </span><span class="pp-class-166 pa t37136 l2457">our </span><span class="pp-class-166 pa t37136 l3563">segment </span><span class="pp-class-166 pa t37136 l37137 ls1428">reporting.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t37138 l3">Air </span><span class="pp-class-172 pa t37138 l26105">&amp; </span><span class="pp-class-172 pa t37138 l37139 ls70">Sea </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37140 l3">The </span><span class="pp-class-166 pa t37140 l1525">Air </span><span class="pp-class-166 pa t37140 l3512">&amp; </span><span class="pp-class-166 pa t37140 l2125 ls1026">Sea </span><span class="pp-class-166 pa t37140 l3513">division </span><span class="pp-class-166 pa t37140 l3514 ls3962">operates </span><span class="pp-class-166 pa t37140 l5432">a </span><span class="pp-class-166 pa t37140 l37141">global </span><span class="pp-class-166 pa t37140 l29406 ls923">network </span><span class="pp-class-166 pa t37140 l37142">specialising </span><span class="pp-class-166 pa t37140 l34998">in </span><span class="pp-class-166 pa t37140 l37143 ls4053">transportation </span><span class="pp-class-166 pa t37144 l3">of </span><span class="pp-class-166 pa t37144 l2457 ls2081">cargo </span><span class="pp-class-166 pa t37144 l37145">by </span><span class="pp-class-166 pa t37144 l37146">air </span><span class="pp-class-166 pa t37144 l28670">and </span><span class="pp-class-166 pa t37144 l37147 ls48">sea. </span><span class="pp-class-166 pa t37144 l37148">The </span><span class="pp-class-166 pa t37144 l37149">division </span><span class="pp-class-166 pa t37144 l37150 ls189">offers </span><span class="pp-class-166 pa t37144 l13882 ls189">both </span><span class="pp-class-166 pa t37144 l30949 ls923">conventional </span><span class="pp-class-166 pa t37144 l37151 ls856">freight </span><span class="pp-class-166 pa t37144 l32155 ls3962">forwarding </span><span class="pp-class-166 pa t37152 l3 ls457">services </span><span class="pp-class-166 pa t37152 l10071">and </span><span class="pp-class-166 pa t37152 l10072 ls702">tailored </span><span class="pp-class-166 pa t37152 l37153 ls93">project </span><span class="pp-class-166 pa t37152 l36354 ls2081">cargo </span><span class="pp-class-166 pa t37152 l37154">solutions.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t37155 l3 ls1740">Road </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37156 l3">The </span><span class="pp-class-166 pa t37156 l1525 ls1122">Road </span><span class="pp-class-166 pa t37156 l9924">division </span><span class="pp-class-166 pa t37156 l9925 ls189">offers </span><span class="pp-class-166 pa t37156 l5326 ls267">road </span><span class="pp-class-166 pa t37156 l37157 ls856">freight </span><span class="pp-class-166 pa t37156 l36850 ls890">services, </span><span class="pp-class-166 pa t37156 l37158">including </span><span class="pp-class-166 pa t37156 l37159">full </span><span class="pp-class-166 pa t37156 l37160">load, </span><span class="pp-class-166 pa t37156 l6986 ls2390">part </span><span class="pp-class-166 pa t37156 l37161">load </span><span class="pp-class-166 pa t37162 l3">and </span><span class="pp-class-166 pa t37162 l1192 ls851">groupage. </span><span class="pp-class-166 pa t37162 l27280">The </span><span class="pp-class-166 pa t37162 l30080">division </span><span class="pp-class-166 pa t37162 l8772 ls3962">operates </span><span class="pp-class-166 pa t37162 l37163">a </span><span class="pp-class-166 pa t37162 l23346 ls1418">European </span><span class="pp-class-166 pa t37162 l30454 ls923">network </span><span class="pp-class-166 pa t37162 l2062">and </span><span class="pp-class-166 pa t37162 l37164 ls86">furthermore </span><span class="pp-class-166 pa t37162 l37165">has </span><span class="pp-class-166 pa t37166 l3 ls154">operations </span><span class="pp-class-166 pa t37166 l16070">in </span><span class="pp-class-166 pa t37166 l20643 ls556">Americas, </span><span class="pp-class-166 pa t37166 l5531 ls2050">Asia </span><span class="pp-class-166 pa t37166 l37167 ls1598">Pacific, </span><span class="pp-class-166 pa t37166 l37168">Middle </span><span class="pp-class-166 pa t37166 l37169 ls1122">East </span><span class="pp-class-166 pa t37166 l37170">and </span><span class="pp-class-166 pa t37166 l37171 ls93">Africa.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37172 l3"/></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t37173 l3 ls1683">Contract </span><span class="pp-class-172 pa t37173 l22046 ls226">Logistics </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37174 l3">The </span><span class="pp-class-166 pa t37174 l1525 ls461">Contract </span><span class="pp-class-166 pa t37174 l20802 ls101">Logistics </span><span class="pp-class-166 pa t37174 l37175">division, </span><span class="pp-class-166 pa t37174 l37176 ls164">previously </span><span class="pp-class-166 pa t37174 l12403 ls4703">referred </span><span class="pp-class-166 pa t37174 l27739 ls135">to </span><span class="pp-class-166 pa t37174 l8589">as </span><span class="pp-class-166 pa t37174 l37177">the </span><span class="pp-class-166 pa t37174 l10697">Solutions </span><span class="pp-class-166 pa t37174 l37178">division, </span><span class="pp-class-166 pa t37179 l3 ls189">offers </span><span class="pp-class-166 pa t37179 l30782 ls1129">warehousing </span><span class="pp-class-166 pa t37179 l37180">and </span><span class="pp-class-166 pa t37179 l15328 ls1452">logistics </span><span class="pp-class-166 pa t37179 l30164 ls457">services </span><span class="pp-class-166 pa t37179 l2387 ls164">globally. </span><span class="pp-class-166 pa t37179 l6907">The </span><span class="pp-class-166 pa t37179 l15035 ls1915">service </span><span class="pp-class-166 pa t37179 l37181 ls166">portfolio </span><span class="pp-class-166 pa t37179 l37182">includes </span><span class="pp-class-166 pa t37183 l3 ls856">freight </span><span class="pp-class-166 pa t37183 l1500 ls8280">management, </span><span class="pp-class-166 pa t37183 l21415 ls59">customs </span><span class="pp-class-166 pa t37183 l37184 ls1740">clearance, </span><span class="pp-class-166 pa t37183 l2419 ls497">order </span><span class="pp-class-166 pa t37183 l37185">management </span><span class="pp-class-166 pa t37183 l37186">and </span><span class="pp-class-166 pa t37183 l37187 ls1728">e-commerce </span><span class="pp-class-166 pa t37188 l3">solutions.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t37189 l3 ls147">Measurement </span><span class="pp-class-172 pa t37189 l34360">of </span><span class="pp-class-172 pa t37189 l37190 ls158">earnings </span><span class="pp-class-172 pa t37189 l37191">by </span><span class="pp-class-172 pa t37189 l37192">segment</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37193 l3">Our </span><span class="pp-class-166 pa t37193 l393 ls1217">operating </span><span class="pp-class-166 pa t37193 l6547">segments </span><span class="pp-class-166 pa t37193 l21885 ls228">are </span><span class="pp-class-166 pa t37193 l37194 ls1528">measured </span><span class="pp-class-166 pa t37193 l19355">and </span><span class="pp-class-166 pa t37193 l18876 ls1740">reported </span><span class="pp-class-166 pa t37193 l37195">down </span><span class="pp-class-166 pa t37193 l28793 ls135">to </span><span class="pp-class-166 pa t37193 l37196 ls1217">operating </span><span class="pp-class-166 pa t37193 l37197 ls564">profit </span><span class="pp-class-166 pa t37198 l3 ls1498">before </span><span class="pp-class-166 pa t37198 l8640">special </span><span class="pp-class-166 pa t37198 l4935 ls740">items. </span><span class="pp-class-166 pa t37198 l37199">This </span><span class="pp-class-166 pa t37198 l37200 ls1428">reporting </span><span class="pp-class-166 pa t37198 l37201 ls856">adheres </span><span class="pp-class-166 pa t37198 l37202 ls135">to </span><span class="pp-class-166 pa t37198 l13673">the </span><span class="pp-class-166 pa t37198 l37203 ls946">accounting </span><span class="pp-class-166 pa t37198 l37204">policies </span><span class="pp-class-166 pa t37198 l37205">disclosed </span><span class="pp-class-166 pa t37206 l3">in </span><span class="pp-class-166 pa t37206 l1746">these </span><span class="pp-class-166 pa t37206 l37207 ls1119">consolidated </span><span class="pp-class-166 pa t37206 l3599">financial </span><span class="pp-class-166 pa t37206 l37208 ls189">statements. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37209 l3">Segment </span><span class="pp-class-166 pa t37209 l10036 ls740">income </span><span class="pp-class-166 pa t37209 l21400">and </span><span class="pp-class-166 pa t37209 l12541 ls2540">costs, </span><span class="pp-class-166 pa t37209 l37210">as </span><span class="pp-class-166 pa t37209 l37211 ls1122">well </span><span class="pp-class-166 pa t37209 l37002">as </span><span class="pp-class-166 pa t37209 l37212 ls4053">assets </span><span class="pp-class-166 pa t37209 l37213">and </span><span class="pp-class-166 pa t37209 l37214">liabilities, </span><span class="pp-class-166 pa t37209 l37215 ls234">comprise </span><span class="pp-class-166 pa t37209 l37216 ls1122">items</span><span class="pp-class-166 pa t37217 l3 ls461">directly </span><span class="pp-class-166 pa t37217 l37218 ls461">attributable </span><span class="pp-class-166 pa t37217 l37219 ls135">to </span><span class="pp-class-166 pa t37217 l37220">the </span><span class="pp-class-166 pa t37217 l32407">segment </span><span class="pp-class-166 pa t37217 l37221">as </span><span class="pp-class-166 pa t37217 l37222 ls1122">well </span><span class="pp-class-166 pa t37217 l33735">as </span><span class="pp-class-166 pa t37217 l37223 ls189">items </span><span class="pp-class-166 pa t37217 l37224">that </span><span class="pp-class-166 pa t37217 l6936">may </span><span class="pp-class-166 pa t37217 l3937">be </span><span class="pp-class-166 pa t37217 l37225 ls853">allocated </span><span class="pp-class-166 pa t37217 l37226 ls135">to </span><span class="pp-class-166 pa t37227 l3">the </span><span class="pp-class-166 pa t37227 l1913">segment </span><span class="pp-class-166 pa t37227 l14323">on </span><span class="pp-class-166 pa t37227 l7423">a </span><span class="pp-class-166 pa t37227 l37228 ls66">reliable </span><span class="pp-class-166 pa t37227 l12765">basis.</span></p></div></div><div class="pp-class-4" id="pp-id-4332" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h27502 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3624 l3 ls740">Income </span><span class="pp-class-166 pa t3624 l8800">and </span><span class="pp-class-166 pa t3624 l10095 ls1129">costs </span><span class="pp-class-166 pa t3624 l37229 ls66">relating </span><span class="pp-class-166 pa t3624 l15429 ls135">to </span><span class="pp-class-166 pa t3624 l37230 ls497">Group </span><span class="pp-class-166 pa t3624 l37231 ls2030">functions </span><span class="pp-class-166 pa t3624 l2825 ls492">etc., </span><span class="pp-class-166 pa t3624 l37232 ls228">are </span><span class="pp-class-166 pa t3624 l37233">managed </span><span class="pp-class-166 pa t3624 l37234">at </span><span class="pp-class-166 pa t3624 l37235 ls497">Group </span><span class="pp-class-166 pa t3624 l37236 ls239">level. </span><span class="pp-class-166 pa t3330 l3">These </span><span class="pp-class-166 pa t3330 l5053 ls189">items </span><span class="pp-class-166 pa t3330 l37237 ls228">are </span><span class="pp-class-166 pa t3330 l37238 ls1528">not </span><span class="pp-class-166 pa t3330 l35078">included </span><span class="pp-class-166 pa t3330 l37239">in </span><span class="pp-class-166 pa t3330 l14772">the </span><span class="pp-class-166 pa t3330 l33201 ls1122">statement </span><span class="pp-class-166 pa t3330 l37240">of </span><span class="pp-class-166 pa t3330 l37241">segment </span><span class="pp-class-166 pa t3330 l22316 ls2022">information, </span><span class="pp-class-166 pa t3330 l37242">but </span><span class="pp-class-166 pa t3330 l37243 ls228">are </span><span class="pp-class-166 pa t3338 l3 ls702">presented </span><span class="pp-class-166 pa t3338 l37244">under </span><span class="pp-class-166 pa t3338 l37245 ls5290">‘non-allocated </span><span class="pp-class-166 pa t3338 l12824 ls189">items </span><span class="pp-class-166 pa t3338 l36995">and </span><span class="pp-class-166 pa t3338 l37246 ls3593">eliminations’.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3360 l3 ls101">Financial </span><span class="pp-class-172 pa t3360 l23490">position </span><span class="pp-class-172 pa t3360 l31969">of </span><span class="pp-class-172 pa t3360 l12460 ls75">operating </span><span class="pp-class-172 pa t3360 l37247">segments</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3 ls457">Assets </span><span class="pp-class-166 pa t3373 l35178">and </span><span class="pp-class-166 pa t3373 l37248">liabilities </span><span class="pp-class-166 pa t3373 l32533 ls228">are </span><span class="pp-class-166 pa t3373 l9797">included </span><span class="pp-class-166 pa t3373 l3923">in </span><span class="pp-class-166 pa t3373 l37249">the </span><span class="pp-class-166 pa t3373 l37250 ls1575">segmental </span><span class="pp-class-166 pa t3373 l11652 ls1428">reporting </span><span class="pp-class-166 pa t3373 l37251 ls135">to </span><span class="pp-class-166 pa t3373 l3530">the </span><span class="pp-class-166 pa t3373 l37252 ls495">extent </span><span class="pp-class-166 pa t3682 l3 ls890">they </span><span class="pp-class-166 pa t3682 l23146 ls228">are </span><span class="pp-class-166 pa t3682 l23147">used </span><span class="pp-class-166 pa t3682 l11400 ls228">for </span><span class="pp-class-166 pa t3682 l37253">the </span><span class="pp-class-166 pa t3682 l37254 ls1217">operation </span><span class="pp-class-166 pa t3682 l37255">of </span><span class="pp-class-166 pa t3682 l12654">the </span><span class="pp-class-166 pa t3682 l12411 ls1730">segment. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3 ls457">Assets </span><span class="pp-class-166 pa t3387 l35178">and </span><span class="pp-class-166 pa t3387 l37248">liabilities </span><span class="pp-class-166 pa t3387 l32533">that </span><span class="pp-class-166 pa t3387 l37256 ls2540">cannot </span><span class="pp-class-166 pa t3387 l37257">be </span><span class="pp-class-166 pa t3387 l37258 ls923">attributed </span><span class="pp-class-166 pa t3387 l37259 ls135">to </span><span class="pp-class-166 pa t3387 l37260">any </span><span class="pp-class-166 pa t3387 l37261">of </span><span class="pp-class-166 pa t3387 l6482">the </span><span class="pp-class-166 pa t3387 l18724 ls497">three </span><span class="pp-class-166 pa t3387 l37262">segments </span><span class="pp-class-166 pa t3395 l3">on </span><span class="pp-class-166 pa t3395 l3683">a </span><span class="pp-class-166 pa t3395 l37263 ls66">reliable </span><span class="pp-class-166 pa t3395 l5945">basis </span><span class="pp-class-166 pa t3395 l37264 ls228">are </span><span class="pp-class-166 pa t3395 l37265 ls702">presented </span><span class="pp-class-166 pa t3395 l15768">under </span><span class="pp-class-166 pa t3395 l37266 ls1761">‘non-allocated </span><span class="pp-class-166 pa t3395 l37267 ls189">items </span><span class="pp-class-166 pa t3395 l9333">and </span><span class="pp-class-166 pa t3395 l37268 ls3593">eliminations’.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3722 l3 ls8582">Geographical </span><span class="pp-class-170 pa t3722 l37269 ls559">information </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3728 l3">DSV </span><span class="pp-class-166 pa t3728 l202 ls3962">operates </span><span class="pp-class-166 pa t3728 l9668">in </span><span class="pp-class-166 pa t3728 l37270 ls461">most </span><span class="pp-class-166 pa t3728 l37271 ls2030">parts </span><span class="pp-class-166 pa t3728 l37272">of </span><span class="pp-class-166 pa t3728 l2546">the </span><span class="pp-class-166 pa t3728 l2547 ls556">world </span><span class="pp-class-166 pa t3728 l37273">and </span><span class="pp-class-166 pa t3728 l37274">has </span><span class="pp-class-166 pa t3728 l37275 ls3593">activities </span><span class="pp-class-166 pa t3728 l8648">in </span><span class="pp-class-166 pa t3728 l37276 ls267">more </span><span class="pp-class-166 pa t3728 l37277">than </span><span class="pp-class-166 pa t3728 l37278">90 </span><span class="pp-class-166 pa t3417 l3 ls923">countries, </span><span class="pp-class-166 pa t3417 l37279">which </span><span class="pp-class-166 pa t3417 l17810 ls228">are </span><span class="pp-class-166 pa t3417 l37280">divided </span><span class="pp-class-166 pa t3417 l37281 ls1122">into </span><span class="pp-class-166 pa t3417 l37282">the </span><span class="pp-class-166 pa t3417 l37283 ls851">following </span><span class="pp-class-166 pa t3417 l37284 ls2022">geographical </span><span class="pp-class-166 pa t3417 l37285 ls455">regions:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3439 l3">• </span><span class="pp-class-166 pa t3439 l4255 ls1346">Europe</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3451 l3">• </span><span class="pp-class-166 pa t3451 l4255 ls166">Middle </span><span class="pp-class-166 pa t3451 l37286 ls1122">East </span><span class="pp-class-166 pa t3451 l37287">and </span><span class="pp-class-166 pa t3451 l37288 ls1575">Africa</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3466 l3">• </span><span class="pp-class-166 pa t3466 l4255 ls556">Americas, </span><span class="pp-class-166 pa t3466 l37289 ls923">comprising </span><span class="pp-class-166 pa t3466 l37290 ls2030">North </span><span class="pp-class-166 pa t3466 l37291">and </span><span class="pp-class-166 pa t3466 l37292 ls166">South </span><span class="pp-class-166 pa t3466 l37293 ls93">America</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3471 l3">• </span><span class="pp-class-166 pa t3471 l4255 ls2050">Asia </span><span class="pp-class-166 pa t3471 l37294 ls1598">Pacific, </span><span class="pp-class-166 pa t3471 l37295 ls923">comprising </span><span class="pp-class-166 pa t3471 l37296 ls794">Asia, </span><span class="pp-class-166 pa t3471 l37297 ls851">Australia </span><span class="pp-class-166 pa t3471 l37298">and </span><span class="pp-class-166 pa t3471 l37299">the </span><span class="pp-class-166 pa t3471 l37300 ls1740">Pacific</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3484 l3 ls853">Revenue </span><span class="pp-class-166 pa t3484 l9874">and </span><span class="pp-class-166 pa t3484 l37301 ls946">non-current </span><span class="pp-class-166 pa t3484 l34134 ls4053">assets </span><span class="pp-class-166 pa t3484 l3487 ls228">are </span><span class="pp-class-166 pa t3484 l37302 ls853">allocated </span><span class="pp-class-166 pa t3484 l37303 ls135">to </span><span class="pp-class-166 pa t3484 l36964">the </span><span class="pp-class-166 pa t3484 l37304 ls2022">geographical </span><span class="pp-class-166 pa t3484 l37305 ls1346">areas </span><span class="pp-class-166 pa t3493 l3 ls1866">according </span><span class="pp-class-166 pa t3493 l2384 ls135">to </span><span class="pp-class-166 pa t3493 l18801">the </span><span class="pp-class-166 pa t3493 l37306 ls101">country </span><span class="pp-class-166 pa t3493 l28119">in </span><span class="pp-class-166 pa t3493 l37307">which </span><span class="pp-class-166 pa t3493 l37308">the </span><span class="pp-class-166 pa t3493 l37309">individual </span><span class="pp-class-166 pa t3493 l37310 ls1119">consolidated </span><span class="pp-class-166 pa t3493 l37311 ls1701">entity </span><span class="pp-class-166 pa t3493 l37312">is </span><span class="pp-class-166 pa t3493 l37313">based. </span><span class="pp-class-166 pa t3503 l3 ls461">Segmentation </span><span class="pp-class-166 pa t3503 l37314">of </span><span class="pp-class-166 pa t3503 l21383 ls1410">revenue </span><span class="pp-class-166 pa t3503 l5714">is </span><span class="pp-class-166 pa t3503 l5482 ls2046">restated </span><span class="pp-class-166 pa t3503 l37315 ls135">to </span><span class="pp-class-166 pa t3503 l37316 ls93">reflect </span><span class="pp-class-166 pa t3503 l37317">the </span><span class="pp-class-166 pa t3503 l12326">split </span><span class="pp-class-166 pa t3503 l14397">of </span><span class="pp-class-166 pa t3503 l7099">the </span><span class="pp-class-166 pa t3503 l32605 ls1094">EMEA </span><span class="pp-class-166 pa t3503 l7266 ls564">region </span><span class="pp-class-166 pa t3817 l3 ls946">between </span><span class="pp-class-166 pa t3817 l14757 ls702">Europe </span><span class="pp-class-166 pa t3817 l32400 ls564">region </span><span class="pp-class-166 pa t3817 l37318">and </span><span class="pp-class-166 pa t3817 l1624">Middle </span><span class="pp-class-166 pa t3817 l37319 ls1122">East </span><span class="pp-class-166 pa t3817 l37320">and </span><span class="pp-class-166 pa t3817 l37321 ls93">Africa </span><span class="pp-class-166 pa t3817 l37322 ls856">region. </span><span class="pp-class-166 pa t3817 l37323 ls239">Please </span><span class="pp-class-166 pa t3817 l37324 ls1860">refer </span><span class="pp-class-166 pa t3817 l37325 ls135">to </span><span class="pp-class-171 pa t3817 l37326 ls4132">note </span><span class="pp-class-171 pa t3511 l3 ls2275">2.2</span><span class="pp-class-166 pa t3511 l37327"/><span class="pp-class-166 pa t3511 l37328 ls228">for </span><span class="pp-class-166 pa t3511 l37329 ls66">regional </span><span class="pp-class-166 pa t3511 l7342 ls461">segmentation </span><span class="pp-class-166 pa t3511 l37330">of </span><span class="pp-class-166 pa t3511 l37331 ls1528">revenue. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3532 l3">The </span><span class="pp-class-166 pa t3532 l1525 ls2870">corporate </span><span class="pp-class-166 pa t3532 l28300 ls48">headquarters </span><span class="pp-class-166 pa t3532 l37332">of </span><span class="pp-class-166 pa t3532 l6457">DSV </span><span class="pp-class-166 pa t3532 l37333">is </span><span class="pp-class-166 pa t3532 l37334 ls946">located </span><span class="pp-class-166 pa t3532 l5271">in </span><span class="pp-class-166 pa t3532 l31468">Denmark, </span><span class="pp-class-166 pa t3532 l37335">which </span><span class="pp-class-166 pa t3532 l37336">is </span><span class="pp-class-166 pa t3532 l28348">in </span><span class="pp-class-166 pa t3532 l12315">the </span><span class="pp-class-166 pa t3542 l3 ls702">Europe </span><span class="pp-class-166 pa t3542 l13244 ls856">region. </span><span class="pp-class-166 pa t3542 l37337">Our </span><span class="pp-class-166 pa t3542 l33509 ls394">business </span><span class="pp-class-166 pa t3542 l37338">is </span><span class="pp-class-166 pa t3542 l37339">based </span><span class="pp-class-166 pa t3542 l28636">on </span><span class="pp-class-166 pa t3542 l37340 ls750">transactions </span><span class="pp-class-166 pa t3542 l2037">in </span><span class="pp-class-166 pa t3542 l19910">our </span><span class="pp-class-166 pa t3542 l37341">global </span><span class="pp-class-166 pa t3542 l37342 ls923">network </span><span class="pp-class-166 pa t3553 l3 ls2540">rather </span><span class="pp-class-166 pa t3553 l37343">than </span><span class="pp-class-166 pa t3553 l12242">in </span><span class="pp-class-166 pa t3553 l14999">individual </span><span class="pp-class-166 pa t3553 l37344 ls1428">countries </span><span class="pp-class-166 pa t3553 l37345">or </span><span class="pp-class-166 pa t3553 l14956 ls66">regions. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3573 l3 ls428">Intersegment </span><span class="pp-class-166 pa t3573 l37346 ls750">transactions </span><span class="pp-class-166 pa t3573 l19501 ls228">are </span><span class="pp-class-166 pa t3573 l30117">made </span><span class="pp-class-166 pa t3573 l10789">on </span><span class="pp-class-166 pa t3573 l37347">an </span><span class="pp-class-166 pa t3573 l37348 ls4162">arm’s </span><span class="pp-class-166 pa t3573 l37349">length </span><span class="pp-class-166 pa t3573 l7130">basis.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t5448 l3 ls1462">Major </span><span class="pp-class-170 pa t5448 l37350 ls2605">customers</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3577 l3">DSV </span><span class="pp-class-166 pa t3577 l202">is </span><span class="pp-class-166 pa t3577 l4341 ls1528">not </span><span class="pp-class-166 pa t3577 l37351 ls856">reliant </span><span class="pp-class-166 pa t3577 l37352">on </span><span class="pp-class-166 pa t3577 l37353">any </span><span class="pp-class-166 pa t3577 l10097">major </span><span class="pp-class-166 pa t3577 l15001 ls154">customers. </span><span class="pp-class-166 pa t3577 l37354">No </span><span class="pp-class-166 pa t3577 l12080">single </span><span class="pp-class-166 pa t3577 l19076 ls740">customer </span><span class="pp-class-166 pa t3577 l37355 ls1416">exceeds </span><span class="pp-class-166 pa t3577 l37356">5% </span><span class="pp-class-166 pa t3586 l3">of </span><span class="pp-class-166 pa t3586 l2457">the </span><span class="pp-class-166 pa t3586 l3086 ls1119">consolidated </span><span class="pp-class-166 pa t3586 l34249 ls497">Group </span><span class="pp-class-166 pa t3586 l20683 ls1410">revenue.</span></p></div></div><div class="pp-class-4" id="pp-id-4333" xmlns="http://www.w3.org/1999/xhtml"><div class="w37357 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.1 </span><span class="pp-class-169 pa t254 l37093 ls37358">Segment </span><span class="pp-class-169 pa t254 l37094 ls37359">information </span><span class="pp-class-169 pa t254 l37360 ls1180">– </span><span class="pp-class-169 pa t254 l37361 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4334" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h37363 pa t2 l3 wtro4 xx3195 tro6 xx3196"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l3 ls2660">Segment </span><span class="pp-class-170 pa t36551 l11605 ls2295">information </span><span class="pp-class-170 pa t36551 l11606 ls2307">– </span><span class="pp-class-170 pa t36551 l1027 ls2275">divisions</span><span class="pp-class-166 pa t36551 l37364"/><span class="pp-class-166 pa t36551 l37365 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t4669 l37366">Air </span><span class="pp-class-166 pa t4669 l37367">&amp; </span><span class="pp-class-166 pa t4669 l37368 ls461">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t4669 l37369 ls614">Road</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t4669 l37370 ls461">Contract </span><span class="pp-class-166 pa t4669 l37371 ls158">Logistics</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l37372 ls1849">Non-allocated </span><span class="pp-class-166 pa t2723 l37373 ls189">items </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t4669 l37374">and </span><span class="pp-class-166 pa t4669 l37375">eliminations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t4669 l37376 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l37377 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l37378">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l37379 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l37380">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l37381 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l37382">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l37383 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l37384">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l37385 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l37386">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t37387 l3 ls461">Condensed </span><span class="pp-class-172 pa t37387 l37388 ls1740">statement </span><span class="pp-class-172 pa t37387 l35183">of </span><span class="pp-class-172 pa t37387 l37389 ls2236">profit </span><span class="pp-class-172 pa t37387 l28524">or </span><span class="pp-class-172 pa t37387 l37390 ls70">loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l3 ls189">Revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37392">132,991</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37393">103,926</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37394">72,017</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37395">37,740</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37396">42,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37397">25,009</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37398">217</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37399">431</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37400">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37391 l37401">167,106</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l3 ls428">Intersegment </span><span class="pp-class-166 pa t37402 l37346 ls702">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37403">4,329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37404">570</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37405">5,960</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37406">2,767</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37407">1,357</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37408">615</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37409">(11,646)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37410">(3,952)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37411">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37402 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l3 ls2282">Divisional </span><span class="pp-class-170 pa t37413 l37414 ls2273">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37415 ls1858">137,320</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37416 ls1858">104,496</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37417 ls2688">77,977</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37418 ls2688">40,507</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37419 ls2688">43,463</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37420 ls2688">25,624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37421 ls2660">(11,429)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37422 ls1858">(3,521)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37423 ls1858">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37413 l37424 ls1858">167,106</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1575">Direct </span><span class="pp-class-166 pa t37425 l13166 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37392">104,934</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37426">79,775</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37394">61,354</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37395">32,797</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37396">24,815</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37397">15,568</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37409">(10,631)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37410">(4,008)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37400">180,472</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l37401">124,132</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls1186">Gross </span><span class="pp-class-170 pa t37427 l34833 ls1663">profit</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37428 ls2688">32,386</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37429 ls2688">24,721</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37417 ls2688">16,623</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37430 ls2690">7,710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37419 ls2688">18,648</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37420 ls2688">10,056</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37431 ls2690">(798)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37432 ls1866">487</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37433 ls2688">66,859</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37434 ls2688">42,974</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l3">Other </span><span class="pp-class-166 pa t37435 l4385 ls59">external </span><span class="pp-class-166 pa t37435 l13173 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37403">5,671</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37436">3,732</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37405">3,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37406">1,207</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37407">4,633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37437">1,794</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37438">(4,809)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37410">(2,081)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37439">9,445</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37435 l37440">4,652</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l3 ls826">Staff </span><span class="pp-class-166 pa t37441 l616 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37442">12,115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37436">7,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37405">8,120</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37406">3,700</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37407">5,384</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37437">2,631</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37443">3,551</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37444">2,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37445">29,170</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37441 l37446">16,491</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l3 ls5045">Operating </span><span class="pp-class-170 pa t37447 l34842 ls6383">profit </span><span class="pp-class-170 pa t37447 l34843 ls13579">before </span><span class="pp-class-170 pa t37447 l34844 ls6798">amortisation </span><span class="pp-class-170 pa t37447 l34845 ls1853">and </span><span class="pp-class-170 pa t37447 l34846 ls2693">depreciation </span><span class="pp-class-170 pa t37447 l34847 ls10352">(EBITDA) </span><span class="pp-class-170 pa t37447 l37448 ls13579">before </span><span class="pp-class-170 pa t37447 l37449 ls2660">special </span><span class="pp-class-170 pa t37447 l37450 ls1855">items</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37428 ls2688">14,600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37429 ls2688">13,044</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37451 ls2690">4,553</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37430 ls2690">2,803</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37452 ls2690">8,631</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37453 ls2690">5,631</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37454 ls1866">460</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37432 ls1866">353</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37433 ls2688">28,244</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37447 l37434 ls2688">21,831</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l3 ls492">Amortisation </span><span class="pp-class-166 pa t37455 l13190">and </span><span class="pp-class-166 pa t37455 l11987 ls740">depreciation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37403">1,587</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37436">1,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37405">1,818</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37456">939</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37407">4,825</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37437">3,303</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37398">403</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37399">337</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37439">8,633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37455 l37440">5,735</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l3 ls5045">Operating </span><span class="pp-class-170 pa t37457 l34842 ls6383">profit </span><span class="pp-class-170 pa t37457 l34843 ls704">(EBIT) </span><span class="pp-class-170 pa t37457 l34853 ls13579">before </span><span class="pp-class-170 pa t37457 l34854 ls2660">special </span><span class="pp-class-170 pa t37457 l34855 ls6991">items </span><span class="pp-class-170 pa t37457 l37458 ls4132">from </span><span class="pp-class-170 pa t37457 l37459 ls2305">continuing </span><span class="pp-class-170 pa t37457 l37460 ls11695">operations </span><span class="pp-class-181 pa t37461 l37462 ls166">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37428 ls2688">13,013</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37429 ls2688">11,888</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37451 ls2690">2,735</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37430 ls2690">1,864</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37452 ls2690">3,806</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37453 ls2690">2,328</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37463 ls2307">57</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37464 ls2307">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37433 ls2688">19,611</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37457 l37434 ls2688">16,096</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t37465 l3 ls461">Condensed </span><span class="pp-class-172 pa t37465 l37388 ls1740">statement </span><span class="pp-class-172 pa t37465 l35183">of </span><span class="pp-class-172 pa t37465 l37389">financial </span><span class="pp-class-172 pa t37465 l37466">position</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l3 ls3686">Total </span><span class="pp-class-166 pa t37467 l8908 ls1346">gross </span><span class="pp-class-166 pa t37467 l37468 ls1026">investments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37442">14,977</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37436">1,256</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37394">32,372</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37406">3,008</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37396">12,831</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37437">5,429</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37469">54,761</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37399">318</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37400">114,941</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37467 l37446">10,011</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l3 ls3686">Total </span><span class="pp-class-166 pa t37470 l8908 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37392">111,871</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37426">81,102</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37394">73,900</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37395">26,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37396">54,647</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37397">36,895</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37469">49,955</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37471">92,442</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37400">290,373</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37470 l37401">236,545</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l3 ls3686">Total </span><span class="pp-class-166 pa t37472 l8908">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37442">90,444</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37426">48,032</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37394">63,914</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37395">19,313</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37396">42,839</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37397">30,521</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37473">(24,514)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37471">24,176</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37400">172,683</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37472 l37401">122,042</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-175 pa t37474 l3">1</span><span class="pp-class-173 pa t37475 l7664"/><span class="pp-class-173 pa t37475 l4255 ls1160">Reference </span><span class="pp-class-173 pa t37475 l37476">is </span><span class="pp-class-173 pa t37475 l37477">made </span><span class="pp-class-173 pa t37475 l37478 ls614">to </span><span class="pp-class-173 pa t37475 l37479">the </span><span class="pp-class-173 pa t37475 l37480 ls826">statement </span><span class="pp-class-173 pa t37475 l37481">of </span><span class="pp-class-173 pa t37475 l37482 ls2540">profit </span><span class="pp-class-173 pa t37475 l37483">or </span><span class="pp-class-173 pa t37475 l37484 ls239">loss </span><span class="pp-class-173 pa t37475 l37485 ls52">for </span><span class="pp-class-173 pa t37475 l37486 ls117">reconciliation </span><span class="pp-class-173 pa t37475 l37487">of </span><span class="pp-class-173 pa t37475 l37488 ls1761">operating </span><span class="pp-class-173 pa t37475 l37489 ls2540">profit </span><span class="pp-class-173 pa t37475 l37490 ls4088">(EBIT) </span><span class="pp-class-173 pa t37475 l37491 ls73">before </span><span class="pp-class-173 pa t37475 l37492 ls166">special </span><span class="pp-class-173 pa t37475 l37493 ls187">items </span><span class="pp-class-173 pa t37475 l37494 ls614">to </span><span class="pp-class-173 pa t37475 l37495 ls2540">profit </span><span class="pp-class-173 pa t37475 l37496 ls52">for </span><span class="pp-class-173 pa t37475 l37497">the </span><span class="pp-class-173 pa t37475 l37498 ls22815">year.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div><div class="pp-class-4" id="pp-id-4335" xmlns="http://www.w3.org/1999/xhtml"><div class="w3927 h37499 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37500 l3 ls1855">Geographical </span><span class="pp-class-170 pa t37500 l37501 ls11697">information </span><span class="pp-class-170 pa t33223 l3 ls2307">– </span><span class="pp-class-170 pa t33223 l37502 ls2688">major </span><span class="pp-class-170 pa t33223 l24681 ls191">countries</span><span class="pp-class-166 pa t33223 l37503"/><span class="pp-class-166 pa t33223 l37504">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37505 ls189">Revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37506 ls946">Non-current </span><span class="pp-class-166 pa t28110 l37507 ls1428">assets</span><span class="pp-class-174 pa t28442 l37508">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l37509 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l37510">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l37511 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l34826">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l3">USA</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l37513">40,878</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l37514">28,222</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l37515">5,038</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l34837">4,302</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28457 l3">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28457 l37513">29,853</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28457 l37514">13,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28457 l37515">6,144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28457 l34837">1,809</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37516 l3 ls169">Sweden</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37516 l37513">11,488</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37516 l8075">6,568</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37516 l37515">4,836</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37516 l34837">1,445</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37517 l3">Denmark</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37517 l37513">11,041</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37517 l37514">14,850</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37517 l37515">6,918</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37517 l34837">6,181</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37518 l3 ls1026">Netherlands</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37518 l37513">10,274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37518 l8075">6,089</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37518 l37515">3,442</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37518 l34837">1,462</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37519 l3">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37519 l37520">143,797</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37519 l37514">97,751</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37519 l37521">31,087</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37519 l34840">14,593</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37522 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37522 l37523 ls1858">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37522 l37524 ls1858">167,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37522 l37525 ls2688">57,465</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37522 l34835 ls2688">29,792</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4336" xmlns="http://www.w3.org/1999/xhtml"><div class="w3927 h37499 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37500 l3 ls1855">Geographical </span><span class="pp-class-170 pa t37500 l37501 ls11695">information</span><span class="pp-class-170 pa t33223 l3"/><span class="pp-class-170 pa t33223 l37526 ls2307">– </span><span class="pp-class-170 pa t33223 l37527 ls2273">regions</span><span class="pp-class-166 pa t33223 l37528"/><span class="pp-class-166 pa t33223 l37529">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37506 ls946">Non-current </span><span class="pp-class-166 pa t28110 l37507 ls1428">assets</span><span class="pp-class-174 pa t28442 l37508">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l37511 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l34826">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l3 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l37521">37,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l34840">17,132</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28457 l3">Middle </span><span class="pp-class-166 pa t28457 l32686 ls1122">East </span><span class="pp-class-166 pa t28457 l28231">and </span><span class="pp-class-166 pa t28457 l7285 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28457 l37515">4,071</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28457 l34837">3,585</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37516 l3 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37516 l37515">7,856</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37516 l34837">6,158</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37517 l3 ls2050">Asia </span><span class="pp-class-166 pa t37517 l32688 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37517 l37515">7,788</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37517 l34837">2,917</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37530 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37530 l37525 ls2688">57,465</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37530 l34835 ls2688">29,792</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-175 pa t37531 l3">2</span><span class="pp-class-173 pa t37532 l7664"/><span class="pp-class-173 pa t37532 l4255 ls117">Non-current </span><span class="pp-class-173 pa t37532 l37533 ls149">assets </span><span class="pp-class-173 pa t37532 l37534 ls239">less </span><span class="pp-class-173 pa t37532 l37535 ls117">tax </span><span class="pp-class-173 pa t37532 l37536 ls461">assets, </span><span class="pp-class-173 pa t37532 l16404 ls977">customer </span><span class="pp-class-173 pa t37532 l37537 ls1683">relationships </span><span class="pp-class-173 pa t37532 l37538">and </span><span class="pp-class-173 pa t37532 l37539">goodwill.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37096 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37096 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37098 l3 ls1217">Operating </span><span class="pp-class-166 pa t37098 l10117">segments </span><span class="pp-class-166 pa t37098 l37099 ls228">are </span><span class="pp-class-166 pa t37098 l12478">defined </span><span class="pp-class-166 pa t37098 l37100">by </span><span class="pp-class-166 pa t37098 l37101">the </span><span class="pp-class-166 pa t37098 l31438 ls977">operational </span><span class="pp-class-166 pa t37098 l12474">and </span><span class="pp-class-166 pa t37098 l37102">management </span><span class="pp-class-166 pa t37098 l37103 ls428">structure </span><span class="pp-class-166 pa t37104 l3">of </span><span class="pp-class-166 pa t37104 l2457 ls73">DSV, </span><span class="pp-class-166 pa t37104 l19509">which </span><span class="pp-class-166 pa t37104 l37105">is </span><span class="pp-class-166 pa t37104 l37106 ls455">derived </span><span class="pp-class-166 pa t37104 l37107 ls267">from </span><span class="pp-class-166 pa t37104 l37108">the </span><span class="pp-class-166 pa t37104 l7112 ls1094">types </span><span class="pp-class-166 pa t37104 l37109">of </span><span class="pp-class-166 pa t37104 l11721 ls457">services </span><span class="pp-class-166 pa t37104 l37110 ls135">we </span><span class="pp-class-166 pa t37104 l27615 ls455">deliver </span><span class="pp-class-166 pa t37104 l37111">and </span><span class="pp-class-166 pa t37104 l37112">our </span><span class="pp-class-166 pa t37104 l37113">geo-</span><span class="pp-class-166 pa t37114 l3 ls851">graphical </span><span class="pp-class-166 pa t37114 l26521 ls265">presence </span><span class="pp-class-166 pa t37114 l12550">on </span><span class="pp-class-166 pa t37114 l37115">the </span><span class="pp-class-166 pa t37114 l37116" xmlns="http://www.w3.org/1999/xhtml">global </span><span class="pp-class-166 pa t37114 l37117 ls78">market. </span><span class="pp-class-166 pa t37114 l26864 ls2388">As </span><span class="pp-class-166 pa t37114 l32021">such, </span><span class="pp-class-166 pa t37114 l4084">our </span><span class="pp-class-166 pa t37114 l37118 ls1217">operating </span><span class="pp-class-166 pa t37114 l37119">segments </span><span class="pp-class-166 pa t37114 l37120 ls1860">re-</span><span class="pp-class-166 pa t37121 l3 ls794">flect </span><span class="pp-class-166 pa t37121 l8720">our </span><span class="pp-class-166 pa t37121 l37122">divisional </span><span class="pp-class-166 pa t37121 l28633">and </span><span class="pp-class-166 pa t37121 l37123 ls497">Group </span><span class="pp-class-166 pa t37121 l37124 ls1428">reporting </span><span class="pp-class-166 pa t37121 l32067">used </span><span class="pp-class-166 pa t37121 l3282 ls228">for </span><span class="pp-class-166 pa t37121 l3777 ls205">Management </span><span class="pp-class-166 pa t37121 l37125">decision </span><span class="pp-class-166 pa t37121 l37126">making.</span></p> global Denmark Denmark <div class="pp-class-4" id="pp-id-4337" xmlns="http://www.w3.org/1999/xhtml"><div class="w37540 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.2 </span><span class="pp-class-169 pa t254 l37093 ls1183">Revenue</span></p></div></div><div id="pp-id-4338" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37541 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls2500">Revenue </span><span class="pp-class-166 pa t3330 l13281 ls1674">comprises </span><span class="pp-class-166 pa t3330 l37542 ls1740">sale </span><span class="pp-class-166 pa t3330 l37543 ls2540">of </span><span class="pp-class-166 pa t3330 l37544 ls59">services </span><span class="pp-class-166 pa t3330 l3897 ls1528">and </span><span class="pp-class-166 pa t3330 l37545 ls1866">other </span><span class="pp-class-166 pa t3330 l37546 ls54">operating </span><span class="pp-class-166 pa t3330 l37547 ls73">income. </span><span class="pp-class-166 pa t3330 l7069 ls1740">Sale </span><span class="pp-class-166 pa t3330 l37548 ls2540">of </span><span class="pp-class-166 pa t3330 l37549 ls1217">services </span><span class="pp-class-166 pa t3338 l3 ls1428">comprises </span><span class="pp-class-166 pa t3338 l29180 ls856">freight </span><span class="pp-class-166 pa t3338 l37550 ls3962">forwarding </span><span class="pp-class-166 pa t3338 l37551 ls890">services, </span><span class="pp-class-166 pa t3338 l37010 ls704">contract </span><span class="pp-class-166 pa t3338 l37552 ls1881">logistics, </span><span class="pp-class-166 pa t3338 l37553">sale </span><span class="pp-class-166 pa t3338 l26054">of </span><span class="pp-class-166 pa t3338 l37554 ls552">property </span><span class="pp-class-166 pa t3348 l3 ls461">projects </span><span class="pp-class-166 pa t3348 l32800">and </span><span class="pp-class-166 pa t3348 l37555 ls75">other </span><span class="pp-class-166 pa t3348 l10054 ls1766">related </span><span class="pp-class-166 pa t3348 l10769 ls457">services </span><span class="pp-class-166 pa t3348 l4247 ls267">rendered. </span><span class="pp-class-166 pa t3348 l2717">Other </span><span class="pp-class-166 pa t3348 l37556 ls1217">operating </span><span class="pp-class-166 pa t3348 l37557 ls740">income </span><span class="pp-class-166 pa t3348 l37558">includes </span><span class="pp-class-166 pa t3360 l3 ls1674">rental </span><span class="pp-class-166 pa t3360 l37559 ls740">income </span><span class="pp-class-166 pa t3360 l37560 ls267">from </span><span class="pp-class-166 pa t3360 l37561 ls234">terminal </span><span class="pp-class-166 pa t3360 l37562">and </span><span class="pp-class-166 pa t3360 l37563">building </span><span class="pp-class-166 pa t3360 l37564 ls455">leases, </span><span class="pp-class-166 pa t3360 l37565">gains </span><span class="pp-class-166 pa t3360 l7200 ls267">from </span><span class="pp-class-166 pa t3360 l37566">disposal </span><span class="pp-class-166 pa t3360 l37567">of </span><span class="pp-class-166 pa t3360 l37568 ls19737">non-</span><span class="pp-class-166 pa t3373 l3 ls702">current </span><span class="pp-class-166 pa t3373 l30365 ls4053">assets </span><span class="pp-class-166 pa t3373 l15334">and </span><span class="pp-class-166 pa t3373 l37569 ls740">income </span><span class="pp-class-166 pa t3373 l37570 ls267">from </span><span class="pp-class-166 pa t3373 l28106 ls1418">insurance </span><span class="pp-class-166 pa t3373 l37571 ls1761">contracts. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls853">Revenue </span><span class="pp-class-166 pa t3375 l9874 ls267">from </span><span class="pp-class-166 pa t3375 l8547 ls457">services </span><span class="pp-class-166 pa t3375 l37572 ls3238">rendered </span><span class="pp-class-166 pa t3375 l7312">is </span><span class="pp-class-166 pa t3375 l9383 ls564">recognised </span><span class="pp-class-166 pa t3375 l31661">in </span><span class="pp-class-166 pa t3375 l37573 ls228">accordance </span><span class="pp-class-166 pa t3375 l37574">with </span><span class="pp-class-166 pa t3375 l33712">the </span><span class="pp-class-166 pa t3375 l37575 ls48">over </span><span class="pp-class-166 pa t3375 l37576">time </span><span class="pp-class-166 pa t3387 l3 ls5508">recognition </span><span class="pp-class-166 pa t3387 l37577">principle </span><span class="pp-class-166 pa t3387 l32726 ls851">following </span><span class="pp-class-166 pa t3387 l37578">the </span><span class="pp-class-166 pa t3387 l37579 ls205">satisfaction </span><span class="pp-class-166 pa t3387 l20287">of </span><span class="pp-class-166 pa t3387 l37580 ls455">various </span><span class="pp-class-166 pa t3387 l15386 ls154">milestones </span><span class="pp-class-166 pa t3387 l37581">as </span><span class="pp-class-166 pa t3387 l37582">the </span><span class="pp-class-166 pa t3395 l3 ls826">performance </span><span class="pp-class-166 pa t3395 l14105">obligations </span><span class="pp-class-166 pa t3395 l37583 ls228">are </span><span class="pp-class-166 pa t3395 l13359">fulfilled </span><span class="pp-class-166 pa t3395 l4451 ls2690">towards </span><span class="pp-class-166 pa t3395 l27776">the </span><span class="pp-class-166 pa t3395 l37584 ls6056">customer. </span><span class="pp-class-166 pa t3395 l37585">Our </span><span class="pp-class-166 pa t3395 l37586">main </span><span class="pp-class-166 pa t3395 l11383 ls457">services </span><span class="pp-class-166 pa t3406 l3 ls234">comprise </span><span class="pp-class-166 pa t3406 l5024">the </span><span class="pp-class-166 pa t3406 l23521 ls851">following:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3728 l3">Air </span><span class="pp-class-172 pa t3728 l26105 ls4079">services </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3417 l3">Air </span><span class="pp-class-166 pa t3417 l571 ls457">services </span><span class="pp-class-166 pa t3417 l33608 ls234">comprise </span><span class="pp-class-166 pa t3417 l31227">air </span><span class="pp-class-166 pa t3417 l37587 ls856">freight </span><span class="pp-class-166 pa t3417 l37588 ls1881">logistics. </span><span class="pp-class-166 pa t3417 l30289">Air </span><span class="pp-class-166 pa t3417 l37589 ls457">services </span><span class="pp-class-166 pa t3417 l37590 ls228">are </span><span class="pp-class-166 pa t3417 l37591 ls1740">reported </span><span class="pp-class-166 pa t3417 l37592">within </span><span class="pp-class-166 pa t3417 l37593">the </span><span class="pp-class-166 pa t3427 l3">Air </span><span class="pp-class-166 pa t3427 l571">&amp; </span><span class="pp-class-166 pa t3427 l572 ls1026">Sea </span><span class="pp-class-166 pa t3427 l574 ls1217">operating </span><span class="pp-class-166 pa t3427 l37594 ls1730">segment. </span><span class="pp-class-166 pa t3427 l37595">Air </span><span class="pp-class-166 pa t3427 l2166 ls457">services </span><span class="pp-class-166 pa t3427 l28584 ls228">are </span><span class="pp-class-166 pa t3427 l23999 ls428">characterised </span><span class="pp-class-166 pa t3427 l37596">by </span><span class="pp-class-166 pa t3427 l37597 ls2030">short </span><span class="pp-class-166 pa t3427 l37598 ls951">delivery </span><span class="pp-class-166 pa t3439 l3">times, </span><span class="pp-class-166 pa t3439 l37599">as </span><span class="pp-class-166 pa t3439 l37600 ls461">most </span><span class="pp-class-166 pa t3439 l36621">air </span><span class="pp-class-166 pa t3439 l37601 ls1378">transports </span><span class="pp-class-166 pa t3439 l37602 ls228">are </span><span class="pp-class-166 pa t3439 l37603 ls1021">completed </span><span class="pp-class-166 pa t3439 l10533">within </span><span class="pp-class-166 pa t3439 l33572">a </span><span class="pp-class-166 pa t3439 l37604 ls228">few </span><span class="pp-class-166 pa t3439 l37605 ls3593">days. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3466 l3 ls70">Sea </span><span class="pp-class-172 pa t3466 l26151 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3471 l3 ls1026">Sea </span><span class="pp-class-166 pa t3471 l26152 ls457">services </span><span class="pp-class-166 pa t3471 l37606 ls234">comprise </span><span class="pp-class-166 pa t3471 l37607 ls1026">sea </span><span class="pp-class-166 pa t3471 l37608 ls856">freight </span><span class="pp-class-166 pa t3471 l37609 ls1881">logistics. </span><span class="pp-class-166 pa t3471 l21498 ls1026">Sea </span><span class="pp-class-166 pa t3471 l27151 ls457">services </span><span class="pp-class-166 pa t3471 l8678 ls228">are </span><span class="pp-class-166 pa t3471 l37610 ls1740">reported </span><span class="pp-class-166 pa t3471 l37611">within </span><span class="pp-class-166 pa t3471 l31283">the </span><span class="pp-class-166 pa t3472 l3">Air </span><span class="pp-class-166 pa t3472 l571">&amp; </span><span class="pp-class-166 pa t3472 l572 ls1026">Sea </span><span class="pp-class-166 pa t3472 l574 ls1217">operating </span><span class="pp-class-166 pa t3472 l37594 ls1730">segment. </span><span class="pp-class-166 pa t3472 l37595 ls1026">Sea </span><span class="pp-class-166 pa t3472 l37612 ls457">services </span><span class="pp-class-166 pa t3472 l25897 ls228">are </span><span class="pp-class-166 pa t3472 l37613 ls428">characterised </span><span class="pp-class-166 pa t3472 l21455">by </span><span class="pp-class-166 pa t3472 l30550">longer </span><span class="pp-class-166 pa t3472 l37614 ls951">delivery </span><span class="pp-class-166 pa t3484 l3">times, </span><span class="pp-class-166 pa t3484 l37599 ls853">averaging </span><span class="pp-class-166 pa t3484 l12026">one </span><span class="pp-class-166 pa t3484 l15165">month </span><span class="pp-class-166 pa t3484 l37615">depending </span><span class="pp-class-166 pa t3484 l1886">on </span><span class="pp-class-166 pa t3484 l1887 ls455">destination. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3503 l3 ls1740">Road </span><span class="pp-class-172 pa t3503 l37616 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3817 l3 ls1122">Road </span><span class="pp-class-166 pa t3817 l616 ls457">services </span><span class="pp-class-166 pa t3817 l37617 ls234">comprise </span><span class="pp-class-166 pa t3817 l36301 ls267">road </span><span class="pp-class-166 pa t3817 l14977 ls856">freight </span><span class="pp-class-166 pa t3817 l10065 ls1881">logistics. </span><span class="pp-class-166 pa t3817 l37618 ls1122">Road </span><span class="pp-class-166 pa t3817 l4885 ls457">services </span><span class="pp-class-166 pa t3817 l37619 ls228">are </span><span class="pp-class-166 pa t3817 l37620 ls1740">reported </span><span class="pp-class-166 pa t3817 l37621">within </span><span class="pp-class-166 pa t3511 l3">the </span><span class="pp-class-166 pa t3511 l1913 ls1122">Road </span><span class="pp-class-166 pa t3511 l37622 ls1217">operating </span><span class="pp-class-166 pa t3511 l37623 ls1730">segment. </span><span class="pp-class-166 pa t3511 l19493 ls1122">Road </span><span class="pp-class-166 pa t3511 l37624 ls457">services </span><span class="pp-class-166 pa t3511 l37625 ls228">are </span><span class="pp-class-166 pa t3511 l37626 ls428">characterised </span><span class="pp-class-166 pa t3511 l23821">by </span><span class="pp-class-166 pa t3511 l21247 ls2030">short </span><span class="pp-class-166 pa t3511 l37627 ls951">delivery </span><span class="pp-class-166 pa t3522 l3">times, </span><span class="pp-class-166 pa t3522 l37599">as </span><span class="pp-class-166 pa t3522 l37600 ls461">most </span><span class="pp-class-166 pa t3522 l36621 ls267">road </span><span class="pp-class-166 pa t3522 l10418 ls1378">transports </span><span class="pp-class-166 pa t3522 l37628 ls228">are </span><span class="pp-class-166 pa t3522 l23101 ls1021">completed </span><span class="pp-class-166 pa t3522 l6380">within </span><span class="pp-class-166 pa t3522 l37629">a </span><span class="pp-class-166 pa t3522 l37630 ls228">few </span><span class="pp-class-166 pa t3522 l37631 ls3593">days. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3542 l3 ls1683">Contract </span><span class="pp-class-172 pa t3542 l22046 ls226">Logistics </span><span class="pp-class-172 pa t3542 l37632 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3553 l3 ls461">Contract </span><span class="pp-class-166 pa t3553 l659 ls101">Logistics </span><span class="pp-class-166 pa t3553 l661 ls457">services </span><span class="pp-class-166 pa t3553 l867">include </span><span class="pp-class-166 pa t3553 l37633 ls1129">warehousing </span><span class="pp-class-166 pa t3553 l37634">and </span><span class="pp-class-166 pa t3553 l32596 ls226">inventory </span><span class="pp-class-166 pa t3553 l37635">management </span><span class="pp-class-166 pa t3562 l3 ls890">services. </span><span class="pp-class-166 pa t3562 l37636 ls461">Contract </span><span class="pp-class-166 pa t3562 l37637 ls101">Logistics </span><span class="pp-class-166 pa t3562 l37638 ls457">services </span><span class="pp-class-166 pa t3562 l37639 ls228">are </span><span class="pp-class-166 pa t3562 l37640 ls1740">reported </span><span class="pp-class-166 pa t3562 l36708">within </span><span class="pp-class-166 pa t3562 l23027">the </span><span class="pp-class-166 pa t3562 l37641 ls461">Contract </span><span class="pp-class-166 pa t3562 l37642 ls101">Logistics </span><span class="pp-class-166 pa t3573 l3 ls1217">operating </span><span class="pp-class-166 pa t3573 l17518 ls1730">segment. </span><span class="pp-class-166 pa t3573 l23296 ls461">Contract </span><span class="pp-class-166 pa t3573 l37643 ls101">Logistics </span><span class="pp-class-166 pa t3573 l37644 ls457">services </span><span class="pp-class-166 pa t3573 l30764 ls228">are </span><span class="pp-class-166 pa t3573 l37645 ls428">characterised </span><span class="pp-class-166 pa t3573 l37646">by </span><span class="pp-class-166 pa t3573 l37647 ls2030">very </span><span class="pp-class-166 pa t3573 l37648 ls2030">short </span><span class="pp-class-166 pa t3884 l3 ls951">delivery </span><span class="pp-class-166 pa t3884 l30033">times, </span><span class="pp-class-166 pa t3884 l37649">happening </span><span class="pp-class-166 pa t3884 l37650 ls226">almost </span><span class="pp-class-166 pa t3884 l13742 ls18641">instantaneously.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t5448 l3"/></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3577 l3 ls2540">Recognition </span><span class="pp-class-172 pa t3577 l36665">principles</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3586 l3 ls853">Revenue </span><span class="pp-class-166 pa t3586 l9874 ls267">from </span><span class="pp-class-166 pa t3586 l8547 ls457">services </span><span class="pp-class-166 pa t3586 l37572 ls3238">rendered </span><span class="pp-class-166 pa t3586 l7312 ls228">are </span><span class="pp-class-166 pa t3586 l18932 ls564">recognised </span><span class="pp-class-166 pa t3586 l37651">based </span><span class="pp-class-166 pa t3586 l16056">on </span><span class="pp-class-166 pa t3586 l30608">the </span><span class="pp-class-166 pa t3586 l1754 ls189">price </span><span class="pp-class-166 pa t3586 l10523">specified </span><span class="pp-class-166 pa t3586 l37652">in </span><span class="pp-class-166 pa t3596 l3">the </span><span class="pp-class-166 pa t3596 l1913 ls704">contract </span><span class="pp-class-166 pa t3596 l37653">with </span><span class="pp-class-166 pa t3596 l37550">the </span><span class="pp-class-166 pa t3596 l37654 ls6056">customer. </span><span class="pp-class-166 pa t3596 l3765 ls853">Revenue </span><span class="pp-class-166 pa t3596 l37655">is </span><span class="pp-class-166 pa t3596 l37656 ls1528">measured </span><span class="pp-class-166 pa t3596 l37657 ls164">excluding </span><span class="pp-class-166 pa t3596 l37658 ls37659">VAT </span><span class="pp-class-166 pa t3596 l37660">and </span><span class="pp-class-166 pa t3596 l37661 ls75">other </span></p></div></div><div class="pp-class-4" id="pp-id-4340" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h4992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3624 l3 ls2236">taxes </span><span class="pp-class-166 pa t3624 l37662 ls428">collected </span><span class="pp-class-166 pa t3624 l5616">on </span><span class="pp-class-166 pa t3624 l5843">behalf </span><span class="pp-class-166 pa t3624 l37663">of </span><span class="pp-class-166 pa t3624 l3507 ls497">third </span><span class="pp-class-166 pa t3624 l37664 ls3185">parties, </span><span class="pp-class-166 pa t3624 l37665">and </span><span class="pp-class-166 pa t3624 l37666">any </span><span class="pp-class-166 pa t3624 l11478 ls1428">discounts </span><span class="pp-class-166 pa t3624 l24462 ls228">are </span><span class="pp-class-166 pa t3624 l32260 ls377">offset </span><span class="pp-class-166 pa t3624 l37667 ls48">against </span><span class="pp-class-166 pa t3330 l3">the </span><span class="pp-class-166 pa t3330 l1913 ls1528">revenue. </span><span class="pp-class-166 pa t3330 l29424 ls495">Incremental </span><span class="pp-class-166 pa t3330 l12088 ls1129">costs </span><span class="pp-class-166 pa t3330 l37668">of </span><span class="pp-class-166 pa t3330 l9267 ls704">obtaining </span><span class="pp-class-166 pa t3330 l24862">a </span><span class="pp-class-166 pa t3330 l18854 ls704">contract </span><span class="pp-class-166 pa t3330 l5652">with </span><span class="pp-class-166 pa t3330 l37669">a </span><span class="pp-class-166 pa t3330 l22785 ls740">customer </span><span class="pp-class-166 pa t3330 l37670 ls228">are </span><span class="pp-class-166 pa t3330 l37671 ls1528">not </span><span class="pp-class-166 pa t3338 l3 ls11830">recognised </span><span class="pp-class-166 pa t3338 l6034 ls2325">as </span><span class="pp-class-166 pa t3338 l37672 ls2325">an </span><span class="pp-class-166 pa t3338 l37673 ls2267">asset </span><span class="pp-class-166 pa t3338 l36588 ls12413">but </span><span class="pp-class-166 pa t3338 l37674 ls2325">as </span><span class="pp-class-166 pa t3338 l10450 ls3381">a </span><span class="pp-class-166 pa t3338 l9473 ls2364">cost </span><span class="pp-class-166 pa t3338 l37675 ls7096">when </span><span class="pp-class-166 pa t3338 l37676 ls386">incurred, </span><span class="pp-class-166 pa t3338 l37677 ls12413">due </span><span class="pp-class-166 pa t3338 l37678 ls19049">to </span><span class="pp-class-166 pa t3338 l37679 ls12413">the </span><span class="pp-class-166 pa t3338 l37680 ls1855">short </span><span class="pp-class-166 pa t3338 l37681 ls7353">delivery </span><span class="pp-class-166 pa t3338 l37682 ls2675">times. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3360 l3 ls1462">Trade </span><span class="pp-class-166 pa t3360 l8738 ls1444">receivables </span><span class="pp-class-166 pa t3360 l9955 ls228">are </span><span class="pp-class-166 pa t3360 l37683 ls1528">not </span><span class="pp-class-166 pa t3360 l37684 ls740">adjusted </span><span class="pp-class-166 pa t3360 l37685 ls228">for </span><span class="pp-class-166 pa t3360 l10554">financing </span><span class="pp-class-166 pa t3360 l37686 ls923">components </span><span class="pp-class-166 pa t3360 l37687">due </span><span class="pp-class-166 pa t3360 l37688 ls135">to </span><span class="pp-class-166 pa t3360 l37689 ls2030">short </span><span class="pp-class-166 pa t3373 l3 ls564">credit </span><span class="pp-class-166 pa t3373 l9100 ls740">terms, </span><span class="pp-class-166 pa t3373 l37690 ls1839">typically </span><span class="pp-class-166 pa t3373 l797 ls59">ranging </span><span class="pp-class-166 pa t3373 l37691 ls267">from </span><span class="pp-class-166 pa t3373 l37692">14 </span><span class="pp-class-166 pa t3373 l37693 ls135">to </span><span class="pp-class-166 pa t3373 l17537">60 </span><span class="pp-class-166 pa t3373 l37694 ls3593">days, </span><span class="pp-class-166 pa t3373 l37695 ls851">rendering </span><span class="pp-class-166 pa t3373 l37696">the </span><span class="pp-class-166 pa t3373 l29459">financing </span><span class="pp-class-166 pa t3682 l3 ls1428">component </span><span class="pp-class-166 pa t3682 l37697 ls3593">insignificant. </span><span class="pp-class-166 pa t3682 l37698 ls497">Where </span><span class="pp-class-166 pa t3682 l37699 ls457">services </span><span class="pp-class-166 pa t3682 l27782 ls3238">rendered </span><span class="pp-class-166 pa t3682 l37700 ls48">have </span><span class="pp-class-166 pa t3682 l14864 ls234">yet </span><span class="pp-class-166 pa t3682 l29983 ls135">to </span><span class="pp-class-166 pa t3682 l15239">be </span><span class="pp-class-166 pa t3682 l7646 ls1217">invoiced </span><span class="pp-class-166 pa t3682 l37701">and </span><span class="pp-class-166 pa t3375 l3 ls1217">invoices </span><span class="pp-class-166 pa t3375 l34645">on </span><span class="pp-class-166 pa t3375 l37702 ls457">services </span><span class="pp-class-166 pa t3375 l27372 ls1416">received </span><span class="pp-class-166 pa t3375 l5414 ls267">from </span><span class="pp-class-166 pa t3375 l5345">hauliers </span><span class="pp-class-166 pa t3375 l8953 ls556">still </span><span class="pp-class-166 pa t3375 l14863 ls48">have </span><span class="pp-class-166 pa t3375 l20334 ls135">to </span><span class="pp-class-166 pa t3375 l37703">be </span><span class="pp-class-166 pa t3375 l23641 ls497">received, </span><span class="pp-class-166 pa t3375 l37704 ls704">contract </span><span class="pp-class-166 pa t3387 l3 ls4053">assets </span><span class="pp-class-166 pa t3387 l2820">and </span><span class="pp-class-166 pa t3387 l37705 ls187">accrued </span><span class="pp-class-166 pa t3387 l37706 ls3490">cost </span><span class="pp-class-166 pa t3387 l37707">of </span><span class="pp-class-166 pa t3387 l27203 ls457">services </span><span class="pp-class-166 pa t3387 l37708 ls228">are </span><span class="pp-class-166 pa t3387 l37709 ls564">recognised </span><span class="pp-class-166 pa t3387 l37710">at </span><span class="pp-class-166 pa t3387 l37711">the </span><span class="pp-class-166 pa t3387 l14091 ls1428">reporting </span><span class="pp-class-166 pa t3387 l37712 ls189">date. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3406 l3 ls853">Revenue </span><span class="pp-class-166 pa t3406 l9874 ls853">allocated </span><span class="pp-class-166 pa t3406 l37632 ls135">to </span><span class="pp-class-166 pa t3406 l37713 ls851">remaining </span><span class="pp-class-166 pa t3406 l37714 ls826">performance </span><span class="pp-class-166 pa t3406 l27776">obligations </span><span class="pp-class-166 pa t3406 l37715 ls228">are </span><span class="pp-class-166 pa t3406 l37716 ls1528">not </span><span class="pp-class-166 pa t3406 l37717">disclosed </span><span class="pp-class-166 pa t3722 l3 ls851">following </span><span class="pp-class-166 pa t3722 l3761">the </span><span class="pp-class-166 pa t3722 l37718 ls377">practical </span><span class="pp-class-166 pa t3722 l37719 ls86">expedient </span><span class="pp-class-166 pa t3722 l37720">of </span><span class="pp-class-166 pa t3722 l37721">IFRS </span><span class="pp-class-166 pa t3722 l9999">15. </span><span class="pp-class-166 pa t3722 l37722 ls853">Revenue </span><span class="pp-class-166 pa t3722 l37723">also </span><span class="pp-class-166 pa t3722 l37724 ls1428">comprises </span><span class="pp-class-166 pa t3722 l37725 ls740">income </span><span class="pp-class-166 pa t3728 l3 ls267">from </span><span class="pp-class-166 pa t3728 l2065">sale </span><span class="pp-class-166 pa t3728 l18848">of </span><span class="pp-class-166 pa t3728 l37726 ls552">property </span><span class="pp-class-166 pa t3728 l37654 ls461">projects </span><span class="pp-class-166 pa t3728 l37727">in </span><span class="pp-class-166 pa t3728 l37728">the </span><span class="pp-class-166 pa t3728 l37729 ls267">form </span><span class="pp-class-166 pa t3728 l37730">of </span><span class="pp-class-166 pa t3728 l37731">sale </span><span class="pp-class-166 pa t3728 l37732">of </span><span class="pp-class-166 pa t3728 l37733">land </span><span class="pp-class-166 pa t3728 l37734">and </span><span class="pp-class-166 pa t3728 l33930">buildings </span><span class="pp-class-166 pa t3728 l3605 ls702">acquired, </span><span class="pp-class-166 pa t3417 l3 ls4053">constructed </span><span class="pp-class-166 pa t3417 l37735">and </span><span class="pp-class-166 pa t3417 l37736">held </span><span class="pp-class-166 pa t3417 l37737 ls228">for </span><span class="pp-class-166 pa t3417 l14996">sale </span><span class="pp-class-166 pa t3417 l31563">in </span><span class="pp-class-166 pa t3417 l37738">the </span><span class="pp-class-166 pa t3417 l37739 ls1849">ordinary </span><span class="pp-class-166 pa t3417 l10474 ls740">course </span><span class="pp-class-166 pa t3417 l37740">of </span><span class="pp-class-166 pa t3417 l37741 ls394">business. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3 ls853">Revenue </span><span class="pp-class-166 pa t3439 l9874 ls267">from </span><span class="pp-class-166 pa t3439 l8547 ls552">property </span><span class="pp-class-166 pa t3439 l20929 ls461">projects </span><span class="pp-class-166 pa t3439 l25861">is </span><span class="pp-class-166 pa t3439 l27745 ls564">recognised </span><span class="pp-class-166 pa t3439 l35881">at </span><span class="pp-class-166 pa t3439 l31154">a </span><span class="pp-class-166 pa t3439 l37742">point </span><span class="pp-class-166 pa t3439 l29580">in </span><span class="pp-class-166 pa t3439 l37743">time </span><span class="pp-class-166 pa t3439 l37744">in </span><span class="pp-class-166 pa t3439 l36718">the </span><span class="pp-class-166 pa t3439 l37745 ls1217">operating </span><span class="pp-class-166 pa t3451 l3">segment </span><span class="pp-class-166 pa t3451 l3022 ls135">to </span><span class="pp-class-166 pa t3451 l37746">which </span><span class="pp-class-166 pa t3451 l9371">it </span><span class="pp-class-166 pa t3451 l37747 ls265">relates. </span><span class="pp-class-166 pa t3451 l23344 ls951">Delivery </span><span class="pp-class-166 pa t3451 l32258">times </span><span class="pp-class-166 pa t3451 l12429">on </span><span class="pp-class-166 pa t3451 l37748 ls552">property </span><span class="pp-class-166 pa t3451 l37749 ls461">projects </span><span class="pp-class-166 pa t3451 l37750 ls228">are </span><span class="pp-class-166 pa t3451 l37751 ls1839">typically </span><span class="pp-class-166 pa t3466 l3">8-18 </span><span class="pp-class-166 pa t3466 l37752">months. </span><span class="pp-class-166 pa t3466 l37753">If </span><span class="pp-class-166 pa t3466 l37754">the </span><span class="pp-class-166 pa t3466 l37755 ls552">property </span><span class="pp-class-166 pa t3466 l37756">is </span><span class="pp-class-166 pa t3466 l37757 ls239">leased </span><span class="pp-class-166 pa t3466 l37758">back </span><span class="pp-class-166 pa t3466 l37759 ls101">after </span><span class="pp-class-166 pa t3466 l37760 ls180">completion, </span><span class="pp-class-166 pa t3466 l31320">the </span><span class="pp-class-166 pa t3466 l37761 ls977">right-of-use </span><span class="pp-class-166 pa t3471 l3 ls1428">asset </span><span class="pp-class-166 pa t3471 l37762">arising </span><span class="pp-class-166 pa t3471 l27040 ls267">from </span><span class="pp-class-166 pa t3471 l37763">the </span><span class="pp-class-166 pa t3471 l28750 ls394">leaseback </span><span class="pp-class-166 pa t3471 l37764">is </span><span class="pp-class-166 pa t3471 l37765 ls564">recognised </span><span class="pp-class-166 pa t3471 l37766">at </span><span class="pp-class-166 pa t3471 l4911">the </span><span class="pp-class-166 pa t3471 l37767 ls923">proportion </span><span class="pp-class-166 pa t3471 l37768">of </span><span class="pp-class-166 pa t3471 l32782">the </span><span class="pp-class-166 pa t3471 l2041 ls66">previous </span><span class="pp-class-166 pa t3472 l3 ls205">carrying </span><span class="pp-class-166 pa t3472 l36341">amount </span><span class="pp-class-166 pa t3472 l4946">of </span><span class="pp-class-166 pa t3472 l6774">the </span><span class="pp-class-166 pa t3472 l2615 ls1428">asset </span><span class="pp-class-166 pa t3472 l20263">that </span><span class="pp-class-166 pa t3472 l1948 ls1766">relates </span><span class="pp-class-166 pa t3472 l37769 ls135">to </span><span class="pp-class-166 pa t3472 l37770">the </span><span class="pp-class-166 pa t3472 l27541">right </span><span class="pp-class-166 pa t3472 l37771">of </span><span class="pp-class-166 pa t3472 l25914">use </span><span class="pp-class-166 pa t3472 l37772 ls1416">retained </span><span class="pp-class-166 pa t3472 l3085">by </span><span class="pp-class-166 pa t3472 l35138 ls2500">DSV.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3493 l3 ls59">Services </span><span class="pp-class-166 pa t3493 l3710 ls1528">and </span><span class="pp-class-166 pa t3493 l37773 ls2500">geographical </span><span class="pp-class-166 pa t3493 l37774 ls1343">segmentation </span><span class="pp-class-166 pa t3493 l37775 ls2540">of </span><span class="pp-class-166 pa t3493 l37776 ls83">revenue </span><span class="pp-class-166 pa t3493 l37777 ls1172">are </span><span class="pp-class-166 pa t3493 l37778 ls614">specified </span><span class="pp-class-166 pa t3493 l37779 ls2540">as </span><span class="pp-class-166 pa t3493 l37780 ls4405">follows:</span></p></div></div><div class="pp-class-4" id="pp-id-4341" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h37781 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls2870">Services </span><span class="pp-class-170 pa t28110 l37782 ls1853">and </span><span class="pp-class-170 pa t28110 l37783 ls2273">geogra-</span><span class="pp-class-170 pa t37784 l3 ls115">phical </span><span class="pp-class-170 pa t37784 l37785 ls5048">segmentation </span><span class="pp-class-170 pa t37786 l3 ls1866">of </span><span class="pp-class-170 pa t37786 l37787 ls848">revenue</span><span class="pp-class-181 pa t37788 l37789 ls52">1</span><span class="pp-class-166 pa t37786 l37790"/><span class="pp-class-166 pa t37786 l37791">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37792 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37793">Middle </span><span class="pp-class-166 pa t28110 l37794 ls1122">East </span><span class="pp-class-166 pa t28110 l37795">and </span><span class="pp-class-166 pa t28110 l37796 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37797 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37798 ls2050">Asia </span><span class="pp-class-166 pa t28110 l37799 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37800 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37801 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l37802">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37803 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l37804">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37805 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l37806">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37807 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l37808">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37809 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l28847">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3">Air </span><span class="pp-class-166 pa t37810 l571 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37811">26,430</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37812">18,536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37813">3,085</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37814">2,758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37815">20,023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37816">15,144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37817">25,932</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37818">18,729</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37819">75,470</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37820">55,167</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls1026">Sea </span><span class="pp-class-166 pa t37821 l26152 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37811">27,800</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37812">20,688</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37813">4,426</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37814">3,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37815">17,381</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37816">15,824</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37817">12,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37822">8,867</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37819">61,850</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37820">49,329</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3 ls1122">Road </span><span class="pp-class-166 pa t37823 l616 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37811">66,492</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37812">34,893</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37813">2,201</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37814">1,924</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37824">7,225</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37825">3,690</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37826">2,059</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37827">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37819">77,977</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37820">40,507</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3 ls2257">Contract </span><span class="pp-class-166 pa t37828 l37829 ls19224">Logistics </span><span class="pp-class-166 pa t37828 l37830 ls7958">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37811">20,758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37812">14,212</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37813">3,565</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37814">3,203</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37815">11,345</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37825">4,969</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37826">7,795</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37822">3,240</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37819">43,463</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37820">25,624</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l11252 ls1858">141,480</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37832 ls2688">88,329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37833 ls2688">13,277</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37834 ls2688">11,835</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37835 ls2688">55,974</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37836 ls2688">39,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37837 ls2688">48,029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37838 ls2688">30,836</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37839 ls1858">258,760</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37840 ls1858">170,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37841 l3 ls1849">Non-allocated </span><span class="pp-class-166 pa t37841 l37842 ls189">items </span><span class="pp-class-166 pa t37841 l23460">and </span><span class="pp-class-166 pa t37843 l3">eliminations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37843 l37844">(11,429)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37843 l37845">(3,521)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37846 l3 ls15293">Total </span><span class="pp-class-170 pa t37846 l34893 ls2273">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37846 l37839 ls1858">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37846 l37840 ls1858">167,106</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4342" xmlns="http://www.w3.org/1999/xhtml"><div class="w37847 h3194 pa t2 l3 wtro4 xx2758 tro6 xx2759"><p class="pp-class-164 pp-area-text"><span class="pp-class-175 pa t4254 l3">1</span><span class="pp-class-173 pa t2760 l7664"/><span class="pp-class-173 pa t2760 l4255">This </span><span class="pp-class-173 pa t2760 l37848 ls923">table </span><span class="pp-class-173 pa t2760 l37849 ls73">refers </span><span class="pp-class-173 pa t2760 l37850 ls614">to </span><span class="pp-class-173 pa t2760 l37851 ls166">ESRS </span><span class="pp-class-173 pa t2760 l37852">SBM-1 </span><span class="pp-class-173 pa t2760 l37853">40a(ii) </span><span class="pp-class-173 pa t2760 l37854">and </span><span class="pp-class-173 pa t2760 l37855 ls166">40b.</span></p></div></div><div id="pp-id-4343" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37856 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l3 ls853">Revenue </span><span class="pp-class-166 pa t28110 l9874">is </span><span class="pp-class-166 pa t28110 l37857">specified </span><span class="pp-class-166 pa t28110 l37755">as </span><span class="pp-class-166 pa t28110 l37858 ls455">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37859 l3 ls1552">Revenue</span><span class="pp-class-166 pa t37859 l37860"/><span class="pp-class-166 pa t37859 l37861">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37859 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37859 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l3">Sale </span><span class="pp-class-166 pa t37863 l35100">of </span><span class="pp-class-166 pa t37863 l35101 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l37864">245,208</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l37865">166,206</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l3">Other </span><span class="pp-class-166 pa t37866 l4385 ls1217">operating </span><span class="pp-class-166 pa t37866 l21900 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l37867">2,123</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l28132">900</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l37869 ls1858">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l37870 ls1858">167,106</span></p></td></tr></table></div></div><div id="pp-id-4344" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37871 pa t2 l3 wtro4 xx37872 tro6 xx37873"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37874 l3">Sale </span><span class="pp-class-166 pa t37874 l35100">of </span><span class="pp-class-166 pa t37874 l35101 ls552">property </span><span class="pp-class-166 pa t37874 l6129 ls461">projects </span><span class="pp-class-166 pa t37874 l4288 ls702">presented </span><span class="pp-class-166 pa t37874 l19075">within </span><span class="pp-class-166 pa t37874 l37875">sale </span><span class="pp-class-166 pa t37874 l5010">of </span><span class="pp-class-166 pa t37874 l23869 ls457">services </span><span class="pp-class-166 pa t37874 l37876 ls66">constitutes </span><span class="pp-class-166 pa t37874 l37877 ls1766">approxi-</span><span class="pp-class-166 pa t37878 l3 ls740">mately </span><span class="pp-class-166 pa t37878 l1709">1% </span><span class="pp-class-166 pa t37878 l5119">of </span><span class="pp-class-166 pa t37878 l2192 ls169">total </span><span class="pp-class-166 pa t37878 l12369 ls1410">revenue </span><span class="pp-class-166 pa t37878 l12448">(2024: </span><span class="pp-class-166 pa t37878 l37231 ls2432">approximately </span><span class="pp-class-166 pa t37878 l31433">2%). </span><span class="pp-class-166 pa t37878 l37879 ls740">Income </span><span class="pp-class-166 pa t37878 l37880 ls267">from </span><span class="pp-class-166 pa t37878 l37881 ls1418">insurance </span><span class="pp-class-166 pa t37882 l3 ls1849">contracts </span><span class="pp-class-166 pa t37882 l27208 ls702">presented </span><span class="pp-class-166 pa t37882 l37883">within </span><span class="pp-class-166 pa t37882 l5628 ls75">other </span><span class="pp-class-166 pa t37882 l37884 ls1217">operating </span><span class="pp-class-166 pa t37882 l37885 ls740">income </span><span class="pp-class-166 pa t37882 l16192 ls66">constitutes </span><span class="pp-class-166 pa t37882 l30271 ls48">less </span><span class="pp-class-166 pa t37882 l37886">than </span><span class="pp-class-166 pa t37882 l37887">1% </span><span class="pp-class-166 pa t37882 l21665">of </span><span class="pp-class-166 pa t37888 l3 ls169">total </span><span class="pp-class-166 pa t37888 l32608 ls1410">revenue </span><span class="pp-class-166 pa t37888 l37889">(2024: </span><span class="pp-class-166 pa t37888 l14844 ls48">less </span><span class="pp-class-166 pa t37888 l37890">than </span><span class="pp-class-166 pa t37888 l37891">1%).</span></p></div></div> <div class="pp-class-4" id="pp-id-4337" xmlns="http://www.w3.org/1999/xhtml"><div class="w37540 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.2 </span><span class="pp-class-169 pa t254 l37093 ls1183">Revenue</span></p></div></div><div id="pp-id-4338" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37541 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls2500">Revenue </span><span class="pp-class-166 pa t3330 l13281 ls1674">comprises </span><span class="pp-class-166 pa t3330 l37542 ls1740">sale </span><span class="pp-class-166 pa t3330 l37543 ls2540">of </span><span class="pp-class-166 pa t3330 l37544 ls59">services </span><span class="pp-class-166 pa t3330 l3897 ls1528">and </span><span class="pp-class-166 pa t3330 l37545 ls1866">other </span><span class="pp-class-166 pa t3330 l37546 ls54">operating </span><span class="pp-class-166 pa t3330 l37547 ls73">income. </span><span class="pp-class-166 pa t3330 l7069 ls1740">Sale </span><span class="pp-class-166 pa t3330 l37548 ls2540">of </span><span class="pp-class-166 pa t3330 l37549 ls1217">services </span><span class="pp-class-166 pa t3338 l3 ls1428">comprises </span><span class="pp-class-166 pa t3338 l29180 ls856">freight </span><span class="pp-class-166 pa t3338 l37550 ls3962">forwarding </span><span class="pp-class-166 pa t3338 l37551 ls890">services, </span><span class="pp-class-166 pa t3338 l37010 ls704">contract </span><span class="pp-class-166 pa t3338 l37552 ls1881">logistics, </span><span class="pp-class-166 pa t3338 l37553">sale </span><span class="pp-class-166 pa t3338 l26054">of </span><span class="pp-class-166 pa t3338 l37554 ls552">property </span><span class="pp-class-166 pa t3348 l3 ls461">projects </span><span class="pp-class-166 pa t3348 l32800">and </span><span class="pp-class-166 pa t3348 l37555 ls75">other </span><span class="pp-class-166 pa t3348 l10054 ls1766">related </span><span class="pp-class-166 pa t3348 l10769 ls457">services </span><span class="pp-class-166 pa t3348 l4247 ls267">rendered. </span><span class="pp-class-166 pa t3348 l2717">Other </span><span class="pp-class-166 pa t3348 l37556 ls1217">operating </span><span class="pp-class-166 pa t3348 l37557 ls740">income </span><span class="pp-class-166 pa t3348 l37558">includes </span><span class="pp-class-166 pa t3360 l3 ls1674">rental </span><span class="pp-class-166 pa t3360 l37559 ls740">income </span><span class="pp-class-166 pa t3360 l37560 ls267">from </span><span class="pp-class-166 pa t3360 l37561 ls234">terminal </span><span class="pp-class-166 pa t3360 l37562">and </span><span class="pp-class-166 pa t3360 l37563">building </span><span class="pp-class-166 pa t3360 l37564 ls455">leases, </span><span class="pp-class-166 pa t3360 l37565">gains </span><span class="pp-class-166 pa t3360 l7200 ls267">from </span><span class="pp-class-166 pa t3360 l37566">disposal </span><span class="pp-class-166 pa t3360 l37567">of </span><span class="pp-class-166 pa t3360 l37568 ls19737">non-</span><span class="pp-class-166 pa t3373 l3 ls702">current </span><span class="pp-class-166 pa t3373 l30365 ls4053">assets </span><span class="pp-class-166 pa t3373 l15334">and </span><span class="pp-class-166 pa t3373 l37569 ls740">income </span><span class="pp-class-166 pa t3373 l37570 ls267">from </span><span class="pp-class-166 pa t3373 l28106 ls1418">insurance </span><span class="pp-class-166 pa t3373 l37571 ls1761">contracts. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls853">Revenue </span><span class="pp-class-166 pa t3375 l9874 ls267">from </span><span class="pp-class-166 pa t3375 l8547 ls457">services </span><span class="pp-class-166 pa t3375 l37572 ls3238">rendered </span><span class="pp-class-166 pa t3375 l7312">is </span><span class="pp-class-166 pa t3375 l9383 ls564">recognised </span><span class="pp-class-166 pa t3375 l31661">in </span><span class="pp-class-166 pa t3375 l37573 ls228">accordance </span><span class="pp-class-166 pa t3375 l37574">with </span><span class="pp-class-166 pa t3375 l33712">the </span><span class="pp-class-166 pa t3375 l37575 ls48">over </span><span class="pp-class-166 pa t3375 l37576">time </span><span class="pp-class-166 pa t3387 l3 ls5508">recognition </span><span class="pp-class-166 pa t3387 l37577">principle </span><span class="pp-class-166 pa t3387 l32726 ls851">following </span><span class="pp-class-166 pa t3387 l37578">the </span><span class="pp-class-166 pa t3387 l37579 ls205">satisfaction </span><span class="pp-class-166 pa t3387 l20287">of </span><span class="pp-class-166 pa t3387 l37580 ls455">various </span><span class="pp-class-166 pa t3387 l15386 ls154">milestones </span><span class="pp-class-166 pa t3387 l37581">as </span><span class="pp-class-166 pa t3387 l37582">the </span><span class="pp-class-166 pa t3395 l3 ls826">performance </span><span class="pp-class-166 pa t3395 l14105">obligations </span><span class="pp-class-166 pa t3395 l37583 ls228">are </span><span class="pp-class-166 pa t3395 l13359">fulfilled </span><span class="pp-class-166 pa t3395 l4451 ls2690">towards </span><span class="pp-class-166 pa t3395 l27776">the </span><span class="pp-class-166 pa t3395 l37584 ls6056">customer. </span><span class="pp-class-166 pa t3395 l37585">Our </span><span class="pp-class-166 pa t3395 l37586">main </span><span class="pp-class-166 pa t3395 l11383 ls457">services </span><span class="pp-class-166 pa t3406 l3 ls234">comprise </span><span class="pp-class-166 pa t3406 l5024">the </span><span class="pp-class-166 pa t3406 l23521 ls851">following:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3728 l3">Air </span><span class="pp-class-172 pa t3728 l26105 ls4079">services </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3417 l3">Air </span><span class="pp-class-166 pa t3417 l571 ls457">services </span><span class="pp-class-166 pa t3417 l33608 ls234">comprise </span><span class="pp-class-166 pa t3417 l31227">air </span><span class="pp-class-166 pa t3417 l37587 ls856">freight </span><span class="pp-class-166 pa t3417 l37588 ls1881">logistics. </span><span class="pp-class-166 pa t3417 l30289">Air </span><span class="pp-class-166 pa t3417 l37589 ls457">services </span><span class="pp-class-166 pa t3417 l37590 ls228">are </span><span class="pp-class-166 pa t3417 l37591 ls1740">reported </span><span class="pp-class-166 pa t3417 l37592">within </span><span class="pp-class-166 pa t3417 l37593">the </span><span class="pp-class-166 pa t3427 l3">Air </span><span class="pp-class-166 pa t3427 l571">&amp; </span><span class="pp-class-166 pa t3427 l572 ls1026">Sea </span><span class="pp-class-166 pa t3427 l574 ls1217">operating </span><span class="pp-class-166 pa t3427 l37594 ls1730">segment. </span><span class="pp-class-166 pa t3427 l37595">Air </span><span class="pp-class-166 pa t3427 l2166 ls457">services </span><span class="pp-class-166 pa t3427 l28584 ls228">are </span><span class="pp-class-166 pa t3427 l23999 ls428">characterised </span><span class="pp-class-166 pa t3427 l37596">by </span><span class="pp-class-166 pa t3427 l37597 ls2030">short </span><span class="pp-class-166 pa t3427 l37598 ls951">delivery </span><span class="pp-class-166 pa t3439 l3">times, </span><span class="pp-class-166 pa t3439 l37599">as </span><span class="pp-class-166 pa t3439 l37600 ls461">most </span><span class="pp-class-166 pa t3439 l36621">air </span><span class="pp-class-166 pa t3439 l37601 ls1378">transports </span><span class="pp-class-166 pa t3439 l37602 ls228">are </span><span class="pp-class-166 pa t3439 l37603 ls1021">completed </span><span class="pp-class-166 pa t3439 l10533">within </span><span class="pp-class-166 pa t3439 l33572">a </span><span class="pp-class-166 pa t3439 l37604 ls228">few </span><span class="pp-class-166 pa t3439 l37605 ls3593">days. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3466 l3 ls70">Sea </span><span class="pp-class-172 pa t3466 l26151 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3471 l3 ls1026">Sea </span><span class="pp-class-166 pa t3471 l26152 ls457">services </span><span class="pp-class-166 pa t3471 l37606 ls234">comprise </span><span class="pp-class-166 pa t3471 l37607 ls1026">sea </span><span class="pp-class-166 pa t3471 l37608 ls856">freight </span><span class="pp-class-166 pa t3471 l37609 ls1881">logistics. </span><span class="pp-class-166 pa t3471 l21498 ls1026">Sea </span><span class="pp-class-166 pa t3471 l27151 ls457">services </span><span class="pp-class-166 pa t3471 l8678 ls228">are </span><span class="pp-class-166 pa t3471 l37610 ls1740">reported </span><span class="pp-class-166 pa t3471 l37611">within </span><span class="pp-class-166 pa t3471 l31283">the </span><span class="pp-class-166 pa t3472 l3">Air </span><span class="pp-class-166 pa t3472 l571">&amp; </span><span class="pp-class-166 pa t3472 l572 ls1026">Sea </span><span class="pp-class-166 pa t3472 l574 ls1217">operating </span><span class="pp-class-166 pa t3472 l37594 ls1730">segment. </span><span class="pp-class-166 pa t3472 l37595 ls1026">Sea </span><span class="pp-class-166 pa t3472 l37612 ls457">services </span><span class="pp-class-166 pa t3472 l25897 ls228">are </span><span class="pp-class-166 pa t3472 l37613 ls428">characterised </span><span class="pp-class-166 pa t3472 l21455">by </span><span class="pp-class-166 pa t3472 l30550">longer </span><span class="pp-class-166 pa t3472 l37614 ls951">delivery </span><span class="pp-class-166 pa t3484 l3">times, </span><span class="pp-class-166 pa t3484 l37599 ls853">averaging </span><span class="pp-class-166 pa t3484 l12026">one </span><span class="pp-class-166 pa t3484 l15165">month </span><span class="pp-class-166 pa t3484 l37615">depending </span><span class="pp-class-166 pa t3484 l1886">on </span><span class="pp-class-166 pa t3484 l1887 ls455">destination. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3503 l3 ls1740">Road </span><span class="pp-class-172 pa t3503 l37616 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3817 l3 ls1122">Road </span><span class="pp-class-166 pa t3817 l616 ls457">services </span><span class="pp-class-166 pa t3817 l37617 ls234">comprise </span><span class="pp-class-166 pa t3817 l36301 ls267">road </span><span class="pp-class-166 pa t3817 l14977 ls856">freight </span><span class="pp-class-166 pa t3817 l10065 ls1881">logistics. </span><span class="pp-class-166 pa t3817 l37618 ls1122">Road </span><span class="pp-class-166 pa t3817 l4885 ls457">services </span><span class="pp-class-166 pa t3817 l37619 ls228">are </span><span class="pp-class-166 pa t3817 l37620 ls1740">reported </span><span class="pp-class-166 pa t3817 l37621">within </span><span class="pp-class-166 pa t3511 l3">the </span><span class="pp-class-166 pa t3511 l1913 ls1122">Road </span><span class="pp-class-166 pa t3511 l37622 ls1217">operating </span><span class="pp-class-166 pa t3511 l37623 ls1730">segment. </span><span class="pp-class-166 pa t3511 l19493 ls1122">Road </span><span class="pp-class-166 pa t3511 l37624 ls457">services </span><span class="pp-class-166 pa t3511 l37625 ls228">are </span><span class="pp-class-166 pa t3511 l37626 ls428">characterised </span><span class="pp-class-166 pa t3511 l23821">by </span><span class="pp-class-166 pa t3511 l21247 ls2030">short </span><span class="pp-class-166 pa t3511 l37627 ls951">delivery </span><span class="pp-class-166 pa t3522 l3">times, </span><span class="pp-class-166 pa t3522 l37599">as </span><span class="pp-class-166 pa t3522 l37600 ls461">most </span><span class="pp-class-166 pa t3522 l36621 ls267">road </span><span class="pp-class-166 pa t3522 l10418 ls1378">transports </span><span class="pp-class-166 pa t3522 l37628 ls228">are </span><span class="pp-class-166 pa t3522 l23101 ls1021">completed </span><span class="pp-class-166 pa t3522 l6380">within </span><span class="pp-class-166 pa t3522 l37629">a </span><span class="pp-class-166 pa t3522 l37630 ls228">few </span><span class="pp-class-166 pa t3522 l37631 ls3593">days. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3542 l3 ls1683">Contract </span><span class="pp-class-172 pa t3542 l22046 ls226">Logistics </span><span class="pp-class-172 pa t3542 l37632 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3553 l3 ls461">Contract </span><span class="pp-class-166 pa t3553 l659 ls101">Logistics </span><span class="pp-class-166 pa t3553 l661 ls457">services </span><span class="pp-class-166 pa t3553 l867">include </span><span class="pp-class-166 pa t3553 l37633 ls1129">warehousing </span><span class="pp-class-166 pa t3553 l37634">and </span><span class="pp-class-166 pa t3553 l32596 ls226">inventory </span><span class="pp-class-166 pa t3553 l37635">management </span><span class="pp-class-166 pa t3562 l3 ls890">services. </span><span class="pp-class-166 pa t3562 l37636 ls461">Contract </span><span class="pp-class-166 pa t3562 l37637 ls101">Logistics </span><span class="pp-class-166 pa t3562 l37638 ls457">services </span><span class="pp-class-166 pa t3562 l37639 ls228">are </span><span class="pp-class-166 pa t3562 l37640 ls1740">reported </span><span class="pp-class-166 pa t3562 l36708">within </span><span class="pp-class-166 pa t3562 l23027">the </span><span class="pp-class-166 pa t3562 l37641 ls461">Contract </span><span class="pp-class-166 pa t3562 l37642 ls101">Logistics </span><span class="pp-class-166 pa t3573 l3 ls1217">operating </span><span class="pp-class-166 pa t3573 l17518 ls1730">segment. </span><span class="pp-class-166 pa t3573 l23296 ls461">Contract </span><span class="pp-class-166 pa t3573 l37643 ls101">Logistics </span><span class="pp-class-166 pa t3573 l37644 ls457">services </span><span class="pp-class-166 pa t3573 l30764 ls228">are </span><span class="pp-class-166 pa t3573 l37645 ls428">characterised </span><span class="pp-class-166 pa t3573 l37646">by </span><span class="pp-class-166 pa t3573 l37647 ls2030">very </span><span class="pp-class-166 pa t3573 l37648 ls2030">short </span><span class="pp-class-166 pa t3884 l3 ls951">delivery </span><span class="pp-class-166 pa t3884 l30033">times, </span><span class="pp-class-166 pa t3884 l37649">happening </span><span class="pp-class-166 pa t3884 l37650 ls226">almost </span><span class="pp-class-166 pa t3884 l13742 ls18641">instantaneously.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t5448 l3"/></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3577 l3 ls2540">Recognition </span><span class="pp-class-172 pa t3577 l36665">principles</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3586 l3 ls853">Revenue </span><span class="pp-class-166 pa t3586 l9874 ls267">from </span><span class="pp-class-166 pa t3586 l8547 ls457">services </span><span class="pp-class-166 pa t3586 l37572 ls3238">rendered </span><span class="pp-class-166 pa t3586 l7312 ls228">are </span><span class="pp-class-166 pa t3586 l18932 ls564">recognised </span><span class="pp-class-166 pa t3586 l37651">based </span><span class="pp-class-166 pa t3586 l16056">on </span><span class="pp-class-166 pa t3586 l30608">the </span><span class="pp-class-166 pa t3586 l1754 ls189">price </span><span class="pp-class-166 pa t3586 l10523">specified </span><span class="pp-class-166 pa t3586 l37652">in </span><span class="pp-class-166 pa t3596 l3">the </span><span class="pp-class-166 pa t3596 l1913 ls704">contract </span><span class="pp-class-166 pa t3596 l37653">with </span><span class="pp-class-166 pa t3596 l37550">the </span><span class="pp-class-166 pa t3596 l37654 ls6056">customer. </span><span class="pp-class-166 pa t3596 l3765 ls853">Revenue </span><span class="pp-class-166 pa t3596 l37655">is </span><span class="pp-class-166 pa t3596 l37656 ls1528">measured </span><span class="pp-class-166 pa t3596 l37657 ls164">excluding </span><span class="pp-class-166 pa t3596 l37658 ls37659">VAT </span><span class="pp-class-166 pa t3596 l37660">and </span><span class="pp-class-166 pa t3596 l37661 ls75">other </span></p></div></div><div class="pp-class-4" id="pp-id-4340" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h4992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3624 l3 ls2236">taxes </span><span class="pp-class-166 pa t3624 l37662 ls428">collected </span><span class="pp-class-166 pa t3624 l5616">on </span><span class="pp-class-166 pa t3624 l5843">behalf </span><span class="pp-class-166 pa t3624 l37663">of </span><span class="pp-class-166 pa t3624 l3507 ls497">third </span><span class="pp-class-166 pa t3624 l37664 ls3185">parties, </span><span class="pp-class-166 pa t3624 l37665">and </span><span class="pp-class-166 pa t3624 l37666">any </span><span class="pp-class-166 pa t3624 l11478 ls1428">discounts </span><span class="pp-class-166 pa t3624 l24462 ls228">are </span><span class="pp-class-166 pa t3624 l32260 ls377">offset </span><span class="pp-class-166 pa t3624 l37667 ls48">against </span><span class="pp-class-166 pa t3330 l3">the </span><span class="pp-class-166 pa t3330 l1913 ls1528">revenue. </span><span class="pp-class-166 pa t3330 l29424 ls495">Incremental </span><span class="pp-class-166 pa t3330 l12088 ls1129">costs </span><span class="pp-class-166 pa t3330 l37668">of </span><span class="pp-class-166 pa t3330 l9267 ls704">obtaining </span><span class="pp-class-166 pa t3330 l24862">a </span><span class="pp-class-166 pa t3330 l18854 ls704">contract </span><span class="pp-class-166 pa t3330 l5652">with </span><span class="pp-class-166 pa t3330 l37669">a </span><span class="pp-class-166 pa t3330 l22785 ls740">customer </span><span class="pp-class-166 pa t3330 l37670 ls228">are </span><span class="pp-class-166 pa t3330 l37671 ls1528">not </span><span class="pp-class-166 pa t3338 l3 ls11830">recognised </span><span class="pp-class-166 pa t3338 l6034 ls2325">as </span><span class="pp-class-166 pa t3338 l37672 ls2325">an </span><span class="pp-class-166 pa t3338 l37673 ls2267">asset </span><span class="pp-class-166 pa t3338 l36588 ls12413">but </span><span class="pp-class-166 pa t3338 l37674 ls2325">as </span><span class="pp-class-166 pa t3338 l10450 ls3381">a </span><span class="pp-class-166 pa t3338 l9473 ls2364">cost </span><span class="pp-class-166 pa t3338 l37675 ls7096">when </span><span class="pp-class-166 pa t3338 l37676 ls386">incurred, </span><span class="pp-class-166 pa t3338 l37677 ls12413">due </span><span class="pp-class-166 pa t3338 l37678 ls19049">to </span><span class="pp-class-166 pa t3338 l37679 ls12413">the </span><span class="pp-class-166 pa t3338 l37680 ls1855">short </span><span class="pp-class-166 pa t3338 l37681 ls7353">delivery </span><span class="pp-class-166 pa t3338 l37682 ls2675">times. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3360 l3 ls1462">Trade </span><span class="pp-class-166 pa t3360 l8738 ls1444">receivables </span><span class="pp-class-166 pa t3360 l9955 ls228">are </span><span class="pp-class-166 pa t3360 l37683 ls1528">not </span><span class="pp-class-166 pa t3360 l37684 ls740">adjusted </span><span class="pp-class-166 pa t3360 l37685 ls228">for </span><span class="pp-class-166 pa t3360 l10554">financing </span><span class="pp-class-166 pa t3360 l37686 ls923">components </span><span class="pp-class-166 pa t3360 l37687">due </span><span class="pp-class-166 pa t3360 l37688 ls135">to </span><span class="pp-class-166 pa t3360 l37689 ls2030">short </span><span class="pp-class-166 pa t3373 l3 ls564">credit </span><span class="pp-class-166 pa t3373 l9100 ls740">terms, </span><span class="pp-class-166 pa t3373 l37690 ls1839">typically </span><span class="pp-class-166 pa t3373 l797 ls59">ranging </span><span class="pp-class-166 pa t3373 l37691 ls267">from </span><span class="pp-class-166 pa t3373 l37692">14 </span><span class="pp-class-166 pa t3373 l37693 ls135">to </span><span class="pp-class-166 pa t3373 l17537">60 </span><span class="pp-class-166 pa t3373 l37694 ls3593">days, </span><span class="pp-class-166 pa t3373 l37695 ls851">rendering </span><span class="pp-class-166 pa t3373 l37696">the </span><span class="pp-class-166 pa t3373 l29459">financing </span><span class="pp-class-166 pa t3682 l3 ls1428">component </span><span class="pp-class-166 pa t3682 l37697 ls3593">insignificant. </span><span class="pp-class-166 pa t3682 l37698 ls497">Where </span><span class="pp-class-166 pa t3682 l37699 ls457">services </span><span class="pp-class-166 pa t3682 l27782 ls3238">rendered </span><span class="pp-class-166 pa t3682 l37700 ls48">have </span><span class="pp-class-166 pa t3682 l14864 ls234">yet </span><span class="pp-class-166 pa t3682 l29983 ls135">to </span><span class="pp-class-166 pa t3682 l15239">be </span><span class="pp-class-166 pa t3682 l7646 ls1217">invoiced </span><span class="pp-class-166 pa t3682 l37701">and </span><span class="pp-class-166 pa t3375 l3 ls1217">invoices </span><span class="pp-class-166 pa t3375 l34645">on </span><span class="pp-class-166 pa t3375 l37702 ls457">services </span><span class="pp-class-166 pa t3375 l27372 ls1416">received </span><span class="pp-class-166 pa t3375 l5414 ls267">from </span><span class="pp-class-166 pa t3375 l5345">hauliers </span><span class="pp-class-166 pa t3375 l8953 ls556">still </span><span class="pp-class-166 pa t3375 l14863 ls48">have </span><span class="pp-class-166 pa t3375 l20334 ls135">to </span><span class="pp-class-166 pa t3375 l37703">be </span><span class="pp-class-166 pa t3375 l23641 ls497">received, </span><span class="pp-class-166 pa t3375 l37704 ls704">contract </span><span class="pp-class-166 pa t3387 l3 ls4053">assets </span><span class="pp-class-166 pa t3387 l2820">and </span><span class="pp-class-166 pa t3387 l37705 ls187">accrued </span><span class="pp-class-166 pa t3387 l37706 ls3490">cost </span><span class="pp-class-166 pa t3387 l37707">of </span><span class="pp-class-166 pa t3387 l27203 ls457">services </span><span class="pp-class-166 pa t3387 l37708 ls228">are </span><span class="pp-class-166 pa t3387 l37709 ls564">recognised </span><span class="pp-class-166 pa t3387 l37710">at </span><span class="pp-class-166 pa t3387 l37711">the </span><span class="pp-class-166 pa t3387 l14091 ls1428">reporting </span><span class="pp-class-166 pa t3387 l37712 ls189">date. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3406 l3 ls853">Revenue </span><span class="pp-class-166 pa t3406 l9874 ls853">allocated </span><span class="pp-class-166 pa t3406 l37632 ls135">to </span><span class="pp-class-166 pa t3406 l37713 ls851">remaining </span><span class="pp-class-166 pa t3406 l37714 ls826">performance </span><span class="pp-class-166 pa t3406 l27776">obligations </span><span class="pp-class-166 pa t3406 l37715 ls228">are </span><span class="pp-class-166 pa t3406 l37716 ls1528">not </span><span class="pp-class-166 pa t3406 l37717">disclosed </span><span class="pp-class-166 pa t3722 l3 ls851">following </span><span class="pp-class-166 pa t3722 l3761">the </span><span class="pp-class-166 pa t3722 l37718 ls377">practical </span><span class="pp-class-166 pa t3722 l37719 ls86">expedient </span><span class="pp-class-166 pa t3722 l37720">of </span><span class="pp-class-166 pa t3722 l37721">IFRS </span><span class="pp-class-166 pa t3722 l9999">15. </span><span class="pp-class-166 pa t3722 l37722 ls853">Revenue </span><span class="pp-class-166 pa t3722 l37723">also </span><span class="pp-class-166 pa t3722 l37724 ls1428">comprises </span><span class="pp-class-166 pa t3722 l37725 ls740">income </span><span class="pp-class-166 pa t3728 l3 ls267">from </span><span class="pp-class-166 pa t3728 l2065">sale </span><span class="pp-class-166 pa t3728 l18848">of </span><span class="pp-class-166 pa t3728 l37726 ls552">property </span><span class="pp-class-166 pa t3728 l37654 ls461">projects </span><span class="pp-class-166 pa t3728 l37727">in </span><span class="pp-class-166 pa t3728 l37728">the </span><span class="pp-class-166 pa t3728 l37729 ls267">form </span><span class="pp-class-166 pa t3728 l37730">of </span><span class="pp-class-166 pa t3728 l37731">sale </span><span class="pp-class-166 pa t3728 l37732">of </span><span class="pp-class-166 pa t3728 l37733">land </span><span class="pp-class-166 pa t3728 l37734">and </span><span class="pp-class-166 pa t3728 l33930">buildings </span><span class="pp-class-166 pa t3728 l3605 ls702">acquired, </span><span class="pp-class-166 pa t3417 l3 ls4053">constructed </span><span class="pp-class-166 pa t3417 l37735">and </span><span class="pp-class-166 pa t3417 l37736">held </span><span class="pp-class-166 pa t3417 l37737 ls228">for </span><span class="pp-class-166 pa t3417 l14996">sale </span><span class="pp-class-166 pa t3417 l31563">in </span><span class="pp-class-166 pa t3417 l37738">the </span><span class="pp-class-166 pa t3417 l37739 ls1849">ordinary </span><span class="pp-class-166 pa t3417 l10474 ls740">course </span><span class="pp-class-166 pa t3417 l37740">of </span><span class="pp-class-166 pa t3417 l37741 ls394">business. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3 ls853">Revenue </span><span class="pp-class-166 pa t3439 l9874 ls267">from </span><span class="pp-class-166 pa t3439 l8547 ls552">property </span><span class="pp-class-166 pa t3439 l20929 ls461">projects </span><span class="pp-class-166 pa t3439 l25861">is </span><span class="pp-class-166 pa t3439 l27745 ls564">recognised </span><span class="pp-class-166 pa t3439 l35881">at </span><span class="pp-class-166 pa t3439 l31154">a </span><span class="pp-class-166 pa t3439 l37742">point </span><span class="pp-class-166 pa t3439 l29580">in </span><span class="pp-class-166 pa t3439 l37743">time </span><span class="pp-class-166 pa t3439 l37744">in </span><span class="pp-class-166 pa t3439 l36718">the </span><span class="pp-class-166 pa t3439 l37745 ls1217">operating </span><span class="pp-class-166 pa t3451 l3">segment </span><span class="pp-class-166 pa t3451 l3022 ls135">to </span><span class="pp-class-166 pa t3451 l37746">which </span><span class="pp-class-166 pa t3451 l9371">it </span><span class="pp-class-166 pa t3451 l37747 ls265">relates. </span><span class="pp-class-166 pa t3451 l23344 ls951">Delivery </span><span class="pp-class-166 pa t3451 l32258">times </span><span class="pp-class-166 pa t3451 l12429">on </span><span class="pp-class-166 pa t3451 l37748 ls552">property </span><span class="pp-class-166 pa t3451 l37749 ls461">projects </span><span class="pp-class-166 pa t3451 l37750 ls228">are </span><span class="pp-class-166 pa t3451 l37751 ls1839">typically </span><span class="pp-class-166 pa t3466 l3">8-18 </span><span class="pp-class-166 pa t3466 l37752">months. </span><span class="pp-class-166 pa t3466 l37753">If </span><span class="pp-class-166 pa t3466 l37754">the </span><span class="pp-class-166 pa t3466 l37755 ls552">property </span><span class="pp-class-166 pa t3466 l37756">is </span><span class="pp-class-166 pa t3466 l37757 ls239">leased </span><span class="pp-class-166 pa t3466 l37758">back </span><span class="pp-class-166 pa t3466 l37759 ls101">after </span><span class="pp-class-166 pa t3466 l37760 ls180">completion, </span><span class="pp-class-166 pa t3466 l31320">the </span><span class="pp-class-166 pa t3466 l37761 ls977">right-of-use </span><span class="pp-class-166 pa t3471 l3 ls1428">asset </span><span class="pp-class-166 pa t3471 l37762">arising </span><span class="pp-class-166 pa t3471 l27040 ls267">from </span><span class="pp-class-166 pa t3471 l37763">the </span><span class="pp-class-166 pa t3471 l28750 ls394">leaseback </span><span class="pp-class-166 pa t3471 l37764">is </span><span class="pp-class-166 pa t3471 l37765 ls564">recognised </span><span class="pp-class-166 pa t3471 l37766">at </span><span class="pp-class-166 pa t3471 l4911">the </span><span class="pp-class-166 pa t3471 l37767 ls923">proportion </span><span class="pp-class-166 pa t3471 l37768">of </span><span class="pp-class-166 pa t3471 l32782">the </span><span class="pp-class-166 pa t3471 l2041 ls66">previous </span><span class="pp-class-166 pa t3472 l3 ls205">carrying </span><span class="pp-class-166 pa t3472 l36341">amount </span><span class="pp-class-166 pa t3472 l4946">of </span><span class="pp-class-166 pa t3472 l6774">the </span><span class="pp-class-166 pa t3472 l2615 ls1428">asset </span><span class="pp-class-166 pa t3472 l20263">that </span><span class="pp-class-166 pa t3472 l1948 ls1766">relates </span><span class="pp-class-166 pa t3472 l37769 ls135">to </span><span class="pp-class-166 pa t3472 l37770">the </span><span class="pp-class-166 pa t3472 l27541">right </span><span class="pp-class-166 pa t3472 l37771">of </span><span class="pp-class-166 pa t3472 l25914">use </span><span class="pp-class-166 pa t3472 l37772 ls1416">retained </span><span class="pp-class-166 pa t3472 l3085">by </span><span class="pp-class-166 pa t3472 l35138 ls2500">DSV.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3493 l3 ls59">Services </span><span class="pp-class-166 pa t3493 l3710 ls1528">and </span><span class="pp-class-166 pa t3493 l37773 ls2500">geographical </span><span class="pp-class-166 pa t3493 l37774 ls1343">segmentation </span><span class="pp-class-166 pa t3493 l37775 ls2540">of </span><span class="pp-class-166 pa t3493 l37776 ls83">revenue </span><span class="pp-class-166 pa t3493 l37777 ls1172">are </span><span class="pp-class-166 pa t3493 l37778 ls614">specified </span><span class="pp-class-166 pa t3493 l37779 ls2540">as </span><span class="pp-class-166 pa t3493 l37780 ls4405">follows:</span></p></div></div><div class="pp-class-4" id="pp-id-4341" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h37781 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls2870">Services </span><span class="pp-class-170 pa t28110 l37782 ls1853">and </span><span class="pp-class-170 pa t28110 l37783 ls2273">geogra-</span><span class="pp-class-170 pa t37784 l3 ls115">phical </span><span class="pp-class-170 pa t37784 l37785 ls5048">segmentation </span><span class="pp-class-170 pa t37786 l3 ls1866">of </span><span class="pp-class-170 pa t37786 l37787 ls848">revenue</span><span class="pp-class-181 pa t37788 l37789 ls52">1</span><span class="pp-class-166 pa t37786 l37790"/><span class="pp-class-166 pa t37786 l37791">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37792 ls1346">Europe</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37793">Middle </span><span class="pp-class-166 pa t28110 l37794 ls1122">East </span><span class="pp-class-166 pa t28110 l37795">and </span><span class="pp-class-166 pa t28110 l37796 ls1575">Africa</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37797 ls461">Americas</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37798 ls2050">Asia </span><span class="pp-class-166 pa t28110 l37799 ls1740">Pacific</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l37800 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37801 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l37802">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37803 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l37804">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37805 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l37806">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37807 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l37808">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l37809 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l28847">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3">Air </span><span class="pp-class-166 pa t37810 l571 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37811">26,430</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37812">18,536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37813">3,085</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37814">2,758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37815">20,023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37816">15,144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37817">25,932</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37818">18,729</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37819">75,470</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37820">55,167</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls1026">Sea </span><span class="pp-class-166 pa t37821 l26152 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37811">27,800</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37812">20,688</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37813">4,426</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37814">3,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37815">17,381</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37816">15,824</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37817">12,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37822">8,867</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37819">61,850</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l37820">49,329</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3 ls1122">Road </span><span class="pp-class-166 pa t37823 l616 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37811">66,492</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37812">34,893</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37813">2,201</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37814">1,924</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37824">7,225</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37825">3,690</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37826">2,059</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37827">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37819">77,977</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l37820">40,507</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3 ls2257">Contract </span><span class="pp-class-166 pa t37828 l37829 ls19224">Logistics </span><span class="pp-class-166 pa t37828 l37830 ls7958">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37811">20,758</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37812">14,212</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37813">3,565</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37814">3,203</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37815">11,345</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37825">4,969</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37826">7,795</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37822">3,240</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37819">43,463</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37820">25,624</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l11252 ls1858">141,480</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37832 ls2688">88,329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37833 ls2688">13,277</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37834 ls2688">11,835</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37835 ls2688">55,974</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37836 ls2688">39,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37837 ls2688">48,029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37838 ls2688">30,836</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37839 ls1858">258,760</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37831 l37840 ls1858">170,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37841 l3 ls1849">Non-allocated </span><span class="pp-class-166 pa t37841 l37842 ls189">items </span><span class="pp-class-166 pa t37841 l23460">and </span><span class="pp-class-166 pa t37843 l3">eliminations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37843 l37844">(11,429)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37843 l37845">(3,521)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37846 l3 ls15293">Total </span><span class="pp-class-170 pa t37846 l34893 ls2273">revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37846 l37839 ls1858">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37846 l37840 ls1858">167,106</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4342" xmlns="http://www.w3.org/1999/xhtml"><div class="w37847 h3194 pa t2 l3 wtro4 xx2758 tro6 xx2759"><p class="pp-class-164 pp-area-text"><span class="pp-class-175 pa t4254 l3">1</span><span class="pp-class-173 pa t2760 l7664"/><span class="pp-class-173 pa t2760 l4255">This </span><span class="pp-class-173 pa t2760 l37848 ls923">table </span><span class="pp-class-173 pa t2760 l37849 ls73">refers </span><span class="pp-class-173 pa t2760 l37850 ls614">to </span><span class="pp-class-173 pa t2760 l37851 ls166">ESRS </span><span class="pp-class-173 pa t2760 l37852">SBM-1 </span><span class="pp-class-173 pa t2760 l37853">40a(ii) </span><span class="pp-class-173 pa t2760 l37854">and </span><span class="pp-class-173 pa t2760 l37855 ls166">40b.</span></p></div></div><div id="pp-id-4343" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37856 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l3 ls853">Revenue </span><span class="pp-class-166 pa t28110 l9874">is </span><span class="pp-class-166 pa t28110 l37857">specified </span><span class="pp-class-166 pa t28110 l37755">as </span><span class="pp-class-166 pa t28110 l37858 ls455">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37859 l3 ls1552">Revenue</span><span class="pp-class-166 pa t37859 l37860"/><span class="pp-class-166 pa t37859 l37861">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37859 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37859 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l3">Sale </span><span class="pp-class-166 pa t37863 l35100">of </span><span class="pp-class-166 pa t37863 l35101 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l37864">245,208</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l37865">166,206</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l3">Other </span><span class="pp-class-166 pa t37866 l4385 ls1217">operating </span><span class="pp-class-166 pa t37866 l21900 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l37867">2,123</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l28132">900</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l37869 ls1858">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l37870 ls1858">167,106</span></p></td></tr></table></div></div><div id="pp-id-4344" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37871 pa t2 l3 wtro4 xx37872 tro6 xx37873"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37874 l3">Sale </span><span class="pp-class-166 pa t37874 l35100">of </span><span class="pp-class-166 pa t37874 l35101 ls552">property </span><span class="pp-class-166 pa t37874 l6129 ls461">projects </span><span class="pp-class-166 pa t37874 l4288 ls702">presented </span><span class="pp-class-166 pa t37874 l19075">within </span><span class="pp-class-166 pa t37874 l37875">sale </span><span class="pp-class-166 pa t37874 l5010">of </span><span class="pp-class-166 pa t37874 l23869 ls457">services </span><span class="pp-class-166 pa t37874 l37876 ls66">constitutes </span><span class="pp-class-166 pa t37874 l37877 ls1766">approxi-</span><span class="pp-class-166 pa t37878 l3 ls740">mately </span><span class="pp-class-166 pa t37878 l1709">1% </span><span class="pp-class-166 pa t37878 l5119">of </span><span class="pp-class-166 pa t37878 l2192 ls169">total </span><span class="pp-class-166 pa t37878 l12369 ls1410">revenue </span><span class="pp-class-166 pa t37878 l12448">(2024: </span><span class="pp-class-166 pa t37878 l37231 ls2432">approximately </span><span class="pp-class-166 pa t37878 l31433">2%). </span><span class="pp-class-166 pa t37878 l37879 ls740">Income </span><span class="pp-class-166 pa t37878 l37880 ls267">from </span><span class="pp-class-166 pa t37878 l37881 ls1418">insurance </span><span class="pp-class-166 pa t37882 l3 ls1849">contracts </span><span class="pp-class-166 pa t37882 l27208 ls702">presented </span><span class="pp-class-166 pa t37882 l37883">within </span><span class="pp-class-166 pa t37882 l5628 ls75">other </span><span class="pp-class-166 pa t37882 l37884 ls1217">operating </span><span class="pp-class-166 pa t37882 l37885 ls740">income </span><span class="pp-class-166 pa t37882 l16192 ls66">constitutes </span><span class="pp-class-166 pa t37882 l30271 ls48">less </span><span class="pp-class-166 pa t37882 l37886">than </span><span class="pp-class-166 pa t37882 l37887">1% </span><span class="pp-class-166 pa t37882 l21665">of </span><span class="pp-class-166 pa t37888 l3 ls169">total </span><span class="pp-class-166 pa t37888 l32608 ls1410">revenue </span><span class="pp-class-166 pa t37888 l37889">(2024: </span><span class="pp-class-166 pa t37888 l14844 ls48">less </span><span class="pp-class-166 pa t37888 l37890">than </span><span class="pp-class-166 pa t37888 l37891">1%).</span></p></div></div><div class="pp-class-4" id="pp-id-4392" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h2916 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.4 </span><span class="pp-class-169 pa t254 l37093 ls39524">Contract </span><span class="pp-class-169 pa t254 l39525 ls29863">assets </span><span class="pp-class-169 pa t254 l39526 ls6611">and </span><span class="pp-class-169 pa t254 l39527 ls33616">accrued </span><span class="pp-class-169 pa t39368 l37093 ls37894">cost </span><span class="pp-class-169 pa t39368 l39528 ls3118">of </span><span class="pp-class-169 pa t39368 l36324 ls29826">services</span></p></div></div><div class="pp-class-4" id="pp-id-4393" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39529 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls461">Contract </span><span class="pp-class-166 pa t3330 l659 ls4053">assets </span><span class="pp-class-166 pa t3330 l32257">and </span><span class="pp-class-166 pa t3330 l36608 ls187">accrued </span><span class="pp-class-166 pa t3330 l25815 ls1129">costs </span><span class="pp-class-166 pa t3330 l39530">of </span><span class="pp-class-166 pa t3330 l23206 ls457">services </span><span class="pp-class-166 pa t3330 l39531">include </span><span class="pp-class-166 pa t3330 l29431 ls187">accrued </span><span class="pp-class-166 pa t3330 l33728 ls1410">revenue </span><span class="pp-class-166 pa t3330 l39532">and </span><span class="pp-class-166 pa t3338 l3 ls187">accrued </span><span class="pp-class-166 pa t3338 l1975 ls1129">costs </span><span class="pp-class-166 pa t3338 l39533 ls267">from </span><span class="pp-class-166 pa t3338 l21890 ls856">freight </span><span class="pp-class-166 pa t3338 l39534 ls3962">forwarding </span><span class="pp-class-166 pa t3338 l39535 ls890">services, </span><span class="pp-class-166 pa t3338 l8743 ls704">contract </span><span class="pp-class-166 pa t3338 l39536 ls1452">logistics </span><span class="pp-class-166 pa t3338 l39537">and </span><span class="pp-class-166 pa t3338 l39538 ls75">other </span><span class="pp-class-166 pa t3348 l3 ls1766">related </span><span class="pp-class-166 pa t3348 l10312 ls457">services </span><span class="pp-class-166 pa t3348 l33695">in </span><span class="pp-class-166 pa t3348 l2883 ls2081">progress. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3373 l3 ls461">Contract </span><span class="pp-class-166 pa t3373 l659 ls4053">assets </span><span class="pp-class-166 pa t3373 l32257 ls228">are </span><span class="pp-class-166 pa t3373 l39539 ls564">recognised </span><span class="pp-class-166 pa t3373 l22152">when </span><span class="pp-class-166 pa t3373 l39540">a </span><span class="pp-class-166 pa t3373 l11011">sales </span><span class="pp-class-166 pa t3373 l39541 ls750">transaction </span><span class="pp-class-166 pa t3373 l39542">fulfils </span><span class="pp-class-166 pa t3373 l39543">the </span><span class="pp-class-166 pa t3373 l39544 ls234">criteria </span><span class="pp-class-166 pa t3373 l21089 ls228">for </span><span class="pp-class-166 pa t3682 l3 ls1410">revenue </span><span class="pp-class-166 pa t3682 l28390 ls1528">recognition, </span><span class="pp-class-166 pa t3682 l29004">but </span><span class="pp-class-166 pa t3682 l20995">the </span><span class="pp-class-166 pa t3682 l39545">final </span><span class="pp-class-166 pa t3682 l39546 ls853">invoice </span><span class="pp-class-166 pa t3682 l39547">has </span><span class="pp-class-166 pa t3682 l39548 ls234">yet </span><span class="pp-class-166 pa t3682 l14998 ls135">to </span><span class="pp-class-166 pa t3682 l14705">be </span><span class="pp-class-166 pa t3682 l27083 ls239">issued </span><span class="pp-class-166 pa t3682 l39549 ls135">to </span><span class="pp-class-166 pa t3682 l19928">the </span><span class="pp-class-166 pa t3682 l39550 ls740">customer </span><span class="pp-class-166 pa t3375 l3 ls228">for </span><span class="pp-class-166 pa t3375 l2086">the </span><span class="pp-class-166 pa t3375 l2543 ls457">services </span><span class="pp-class-166 pa t3375 l14123 ls2476">delivered. </span><span class="pp-class-166 pa t3375 l9266 ls239">Please </span><span class="pp-class-166 pa t3375 l39551 ls1860">refer </span><span class="pp-class-166 pa t3375 l39552 ls135">to </span><span class="pp-class-171 pa t3375 l38990 ls73">note </span><span class="pp-class-171 pa t3375 l20287">4.5</span><span class="pp-class-166 pa t3375 l39553"/><span class="pp-class-166 pa t3375 l29022 ls228">for </span><span class="pp-class-166 pa t3375 l2304 ls164">disclosure </span><span class="pp-class-166 pa t3375 l39554">of </span><span class="pp-class-166 pa t3375 l32463 ls564">credit </span><span class="pp-class-166 pa t3375 l39555">risk, </span><span class="pp-class-166 pa t3387 l3">as </span><span class="pp-class-166 pa t3387 l2424 ls1129">trade </span><span class="pp-class-166 pa t3387 l39423 ls1444">receivables </span><span class="pp-class-166 pa t3387 l39556 ls394">carry </span><span class="pp-class-166 pa t3387 l32655 ls1575">substantially </span><span class="pp-class-166 pa t3387 l39557">the </span><span class="pp-class-166 pa t3387 l24727">same </span><span class="pp-class-166 pa t3387 l39558 ls1026">characteristics </span><span class="pp-class-166 pa t3387 l4905">as </span><span class="pp-class-166 pa t3387 l39559 ls704">contract </span><span class="pp-class-166 pa t3395 l3 ls4053">assets.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3722 l3 ls187">Accrued </span><span class="pp-class-166 pa t3722 l4185 ls1129">costs </span><span class="pp-class-166 pa t3722 l21722">of </span><span class="pp-class-166 pa t3722 l35897 ls457">services </span><span class="pp-class-166 pa t3722 l39560 ls228">are </span><span class="pp-class-166 pa t3722 l10714 ls1217">estimated </span><span class="pp-class-166 pa t3722 l39561">and </span><span class="pp-class-166 pa t3722 l39562 ls564">recognised </span><span class="pp-class-166 pa t3722 l39563">when </span><span class="pp-class-166 pa t3722 l20291">supplier </span><span class="pp-class-166 pa t3722 l39564 ls1217">invoices </span><span class="pp-class-166 pa t3728 l3 ls66">relating </span><span class="pp-class-166 pa t3728 l1943 ls135">to </span><span class="pp-class-166 pa t3728 l1759 ls564">recognised </span><span class="pp-class-166 pa t3728 l28664 ls1410">revenue </span><span class="pp-class-166 pa t3728 l39565 ls228">for </span><span class="pp-class-166 pa t3728 l39566">the </span><span class="pp-class-166 pa t3728 l9268 ls1428">reporting </span><span class="pp-class-166 pa t3728 l35758">period </span><span class="pp-class-166 pa t3728 l39567 ls48">have </span><span class="pp-class-166 pa t3728 l39568 ls234">yet </span><span class="pp-class-166 pa t3728 l39569 ls135">to </span><span class="pp-class-166 pa t3728 l39570">be </span><span class="pp-class-166 pa t3728 l39571 ls1416">received.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3427 l3 ls4852">Management </span><span class="pp-class-170 pa t3427 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3427 l36377 ls2257">and </span><span class="pp-class-170 pa t3427 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">In </span><span class="pp-class-166 pa t3439 l1589">the </span><span class="pp-class-166 pa t3439 l2053 ls614">preparation </span><span class="pp-class-166 pa t3439 l14960">of </span><span class="pp-class-166 pa t3439 l21528">the </span><span class="pp-class-166 pa t3439 l39572 ls1119">consolidated </span><span class="pp-class-166 pa t3439 l39573">financial </span><span class="pp-class-166 pa t3439 l39574 ls189">statements, </span><span class="pp-class-166 pa t3439 l39575 ls226">significant </span><span class="pp-class-166 pa t3439 l39576 ls461">esti-</span><span class="pp-class-166 pa t3451 l3 ls189">mates </span><span class="pp-class-166 pa t3451 l12338 ls228">are </span><span class="pp-class-166 pa t3451 l33156">applied </span><span class="pp-class-166 pa t3451 l39431">in </span><span class="pp-class-166 pa t3451 l39577 ls48">assessing </span><span class="pp-class-166 pa t3451 l18390 ls457">services </span><span class="pp-class-166 pa t3451 l39578">in </span><span class="pp-class-166 pa t3451 l39579 ls2081">progress, </span><span class="pp-class-166 pa t3451 l39580">including </span><span class="pp-class-166 pa t3451 l12291 ls187">accrual </span><span class="pp-class-166 pa t3451 l22358">of </span><span class="pp-class-166 pa t3451 l39581 ls740">income </span><span class="pp-class-166 pa t3466 l3">and </span><span class="pp-class-166 pa t3466 l1192">pertaining </span><span class="pp-class-166 pa t3466 l39582 ls1575">direct </span><span class="pp-class-166 pa t3466 l8870 ls2540">costs. </span><span class="pp-class-166 pa t3466 l39583">These </span><span class="pp-class-166 pa t3466 l27552 ls1217">estimates </span><span class="pp-class-166 pa t3466 l39584 ls228">are </span><span class="pp-class-166 pa t3466 l20878">based </span><span class="pp-class-166 pa t3466 l39585">on </span><span class="pp-class-166 pa t3466 l32370 ls189">experience </span><span class="pp-class-166 pa t3466 l12412">and </span><span class="pp-class-166 pa t3466 l22235 ls614">con-</span><span class="pp-class-166 pa t3471 l3">tinuous </span><span class="pp-class-166 pa t3471 l4625 ls851">follow-up </span><span class="pp-class-166 pa t3471 l3128">on </span><span class="pp-class-166 pa t3471 l39586 ls457">services </span><span class="pp-class-166 pa t3471 l39587">in </span><span class="pp-class-166 pa t3471 l21536 ls3681">progress </span><span class="pp-class-166 pa t3471 l7486 ls1528">relative </span><span class="pp-class-166 pa t3471 l12247 ls135">to </span><span class="pp-class-166 pa t3471 l39588 ls3042">subsequent </span><span class="pp-class-166 pa t3471 l39589 ls394">invoicing.</span></p></div></div> <div id="pp-id-4338" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37541 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls2500">Revenue </span><span class="pp-class-166 pa t3330 l13281 ls1674">comprises </span><span class="pp-class-166 pa t3330 l37542 ls1740">sale </span><span class="pp-class-166 pa t3330 l37543 ls2540">of </span><span class="pp-class-166 pa t3330 l37544 ls59">services </span><span class="pp-class-166 pa t3330 l3897 ls1528">and </span><span class="pp-class-166 pa t3330 l37545 ls1866">other </span><span class="pp-class-166 pa t3330 l37546 ls54">operating </span><span class="pp-class-166 pa t3330 l37547 ls73">income. </span><span class="pp-class-166 pa t3330 l7069 ls1740">Sale </span><span class="pp-class-166 pa t3330 l37548 ls2540">of </span><span class="pp-class-166 pa t3330 l37549 ls1217">services </span><span class="pp-class-166 pa t3338 l3 ls1428">comprises </span><span class="pp-class-166 pa t3338 l29180 ls856">freight </span><span class="pp-class-166 pa t3338 l37550 ls3962">forwarding </span><span class="pp-class-166 pa t3338 l37551 ls890">services, </span><span class="pp-class-166 pa t3338 l37010 ls704">contract </span><span class="pp-class-166 pa t3338 l37552 ls1881">logistics, </span><span class="pp-class-166 pa t3338 l37553">sale </span><span class="pp-class-166 pa t3338 l26054">of </span><span class="pp-class-166 pa t3338 l37554 ls552">property </span><span class="pp-class-166 pa t3348 l3 ls461">projects </span><span class="pp-class-166 pa t3348 l32800">and </span><span class="pp-class-166 pa t3348 l37555 ls75">other </span><span class="pp-class-166 pa t3348 l10054 ls1766">related </span><span class="pp-class-166 pa t3348 l10769 ls457">services </span><span class="pp-class-166 pa t3348 l4247 ls267">rendered. </span><span class="pp-class-166 pa t3348 l2717">Other </span><span class="pp-class-166 pa t3348 l37556 ls1217">operating </span><span class="pp-class-166 pa t3348 l37557 ls740">income </span><span class="pp-class-166 pa t3348 l37558">includes </span><span class="pp-class-166 pa t3360 l3 ls1674">rental </span><span class="pp-class-166 pa t3360 l37559 ls740">income </span><span class="pp-class-166 pa t3360 l37560 ls267">from </span><span class="pp-class-166 pa t3360 l37561 ls234">terminal </span><span class="pp-class-166 pa t3360 l37562">and </span><span class="pp-class-166 pa t3360 l37563">building </span><span class="pp-class-166 pa t3360 l37564 ls455">leases, </span><span class="pp-class-166 pa t3360 l37565">gains </span><span class="pp-class-166 pa t3360 l7200 ls267">from </span><span class="pp-class-166 pa t3360 l37566">disposal </span><span class="pp-class-166 pa t3360 l37567">of </span><span class="pp-class-166 pa t3360 l37568 ls19737">non-</span><span class="pp-class-166 pa t3373 l3 ls702">current </span><span class="pp-class-166 pa t3373 l30365 ls4053">assets </span><span class="pp-class-166 pa t3373 l15334">and </span><span class="pp-class-166 pa t3373 l37569 ls740">income </span><span class="pp-class-166 pa t3373 l37570 ls267">from </span><span class="pp-class-166 pa t3373 l28106 ls1418">insurance </span><span class="pp-class-166 pa t3373 l37571 ls1761">contracts. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls853">Revenue </span><span class="pp-class-166 pa t3375 l9874 ls267">from </span><span class="pp-class-166 pa t3375 l8547 ls457">services </span><span class="pp-class-166 pa t3375 l37572 ls3238">rendered </span><span class="pp-class-166 pa t3375 l7312">is </span><span class="pp-class-166 pa t3375 l9383 ls564">recognised </span><span class="pp-class-166 pa t3375 l31661">in </span><span class="pp-class-166 pa t3375 l37573 ls228">accordance </span><span class="pp-class-166 pa t3375 l37574">with </span><span class="pp-class-166 pa t3375 l33712">the </span><span class="pp-class-166 pa t3375 l37575 ls48">over </span><span class="pp-class-166 pa t3375 l37576">time </span><span class="pp-class-166 pa t3387 l3 ls5508">recognition </span><span class="pp-class-166 pa t3387 l37577">principle </span><span class="pp-class-166 pa t3387 l32726 ls851">following </span><span class="pp-class-166 pa t3387 l37578">the </span><span class="pp-class-166 pa t3387 l37579 ls205">satisfaction </span><span class="pp-class-166 pa t3387 l20287">of </span><span class="pp-class-166 pa t3387 l37580 ls455">various </span><span class="pp-class-166 pa t3387 l15386 ls154">milestones </span><span class="pp-class-166 pa t3387 l37581">as </span><span class="pp-class-166 pa t3387 l37582">the </span><span class="pp-class-166 pa t3395 l3 ls826">performance </span><span class="pp-class-166 pa t3395 l14105">obligations </span><span class="pp-class-166 pa t3395 l37583 ls228">are </span><span class="pp-class-166 pa t3395 l13359">fulfilled </span><span class="pp-class-166 pa t3395 l4451 ls2690">towards </span><span class="pp-class-166 pa t3395 l27776">the </span><span class="pp-class-166 pa t3395 l37584 ls6056">customer. </span><span class="pp-class-166 pa t3395 l37585">Our </span><span class="pp-class-166 pa t3395 l37586">main </span><span class="pp-class-166 pa t3395 l11383 ls457">services </span><span class="pp-class-166 pa t3406 l3 ls234">comprise </span><span class="pp-class-166 pa t3406 l5024">the </span><span class="pp-class-166 pa t3406 l23521 ls851">following:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3728 l3">Air </span><span class="pp-class-172 pa t3728 l26105 ls4079">services </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3417 l3">Air </span><span class="pp-class-166 pa t3417 l571 ls457">services </span><span class="pp-class-166 pa t3417 l33608 ls234">comprise </span><span class="pp-class-166 pa t3417 l31227">air </span><span class="pp-class-166 pa t3417 l37587 ls856">freight </span><span class="pp-class-166 pa t3417 l37588 ls1881">logistics. </span><span class="pp-class-166 pa t3417 l30289">Air </span><span class="pp-class-166 pa t3417 l37589 ls457">services </span><span class="pp-class-166 pa t3417 l37590 ls228">are </span><span class="pp-class-166 pa t3417 l37591 ls1740">reported </span><span class="pp-class-166 pa t3417 l37592">within </span><span class="pp-class-166 pa t3417 l37593">the </span><span class="pp-class-166 pa t3427 l3">Air </span><span class="pp-class-166 pa t3427 l571">&amp; </span><span class="pp-class-166 pa t3427 l572 ls1026">Sea </span><span class="pp-class-166 pa t3427 l574 ls1217">operating </span><span class="pp-class-166 pa t3427 l37594 ls1730">segment. </span><span class="pp-class-166 pa t3427 l37595">Air </span><span class="pp-class-166 pa t3427 l2166 ls457">services </span><span class="pp-class-166 pa t3427 l28584 ls228">are </span><span class="pp-class-166 pa t3427 l23999 ls428">characterised </span><span class="pp-class-166 pa t3427 l37596">by </span><span class="pp-class-166 pa t3427 l37597 ls2030">short </span><span class="pp-class-166 pa t3427 l37598 ls951">delivery </span><span class="pp-class-166 pa t3439 l3">times, </span><span class="pp-class-166 pa t3439 l37599">as </span><span class="pp-class-166 pa t3439 l37600 ls461">most </span><span class="pp-class-166 pa t3439 l36621">air </span><span class="pp-class-166 pa t3439 l37601 ls1378">transports </span><span class="pp-class-166 pa t3439 l37602 ls228">are </span><span class="pp-class-166 pa t3439 l37603 ls1021">completed </span><span class="pp-class-166 pa t3439 l10533">within </span><span class="pp-class-166 pa t3439 l33572">a </span><span class="pp-class-166 pa t3439 l37604 ls228">few </span><span class="pp-class-166 pa t3439 l37605 ls3593">days. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3466 l3 ls70">Sea </span><span class="pp-class-172 pa t3466 l26151 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3471 l3 ls1026">Sea </span><span class="pp-class-166 pa t3471 l26152 ls457">services </span><span class="pp-class-166 pa t3471 l37606 ls234">comprise </span><span class="pp-class-166 pa t3471 l37607 ls1026">sea </span><span class="pp-class-166 pa t3471 l37608 ls856">freight </span><span class="pp-class-166 pa t3471 l37609 ls1881">logistics. </span><span class="pp-class-166 pa t3471 l21498 ls1026">Sea </span><span class="pp-class-166 pa t3471 l27151 ls457">services </span><span class="pp-class-166 pa t3471 l8678 ls228">are </span><span class="pp-class-166 pa t3471 l37610 ls1740">reported </span><span class="pp-class-166 pa t3471 l37611">within </span><span class="pp-class-166 pa t3471 l31283">the </span><span class="pp-class-166 pa t3472 l3">Air </span><span class="pp-class-166 pa t3472 l571">&amp; </span><span class="pp-class-166 pa t3472 l572 ls1026">Sea </span><span class="pp-class-166 pa t3472 l574 ls1217">operating </span><span class="pp-class-166 pa t3472 l37594 ls1730">segment. </span><span class="pp-class-166 pa t3472 l37595 ls1026">Sea </span><span class="pp-class-166 pa t3472 l37612 ls457">services </span><span class="pp-class-166 pa t3472 l25897 ls228">are </span><span class="pp-class-166 pa t3472 l37613 ls428">characterised </span><span class="pp-class-166 pa t3472 l21455">by </span><span class="pp-class-166 pa t3472 l30550">longer </span><span class="pp-class-166 pa t3472 l37614 ls951">delivery </span><span class="pp-class-166 pa t3484 l3">times, </span><span class="pp-class-166 pa t3484 l37599 ls853">averaging </span><span class="pp-class-166 pa t3484 l12026">one </span><span class="pp-class-166 pa t3484 l15165">month </span><span class="pp-class-166 pa t3484 l37615">depending </span><span class="pp-class-166 pa t3484 l1886">on </span><span class="pp-class-166 pa t3484 l1887 ls455">destination. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3503 l3 ls1740">Road </span><span class="pp-class-172 pa t3503 l37616 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3817 l3 ls1122">Road </span><span class="pp-class-166 pa t3817 l616 ls457">services </span><span class="pp-class-166 pa t3817 l37617 ls234">comprise </span><span class="pp-class-166 pa t3817 l36301 ls267">road </span><span class="pp-class-166 pa t3817 l14977 ls856">freight </span><span class="pp-class-166 pa t3817 l10065 ls1881">logistics. </span><span class="pp-class-166 pa t3817 l37618 ls1122">Road </span><span class="pp-class-166 pa t3817 l4885 ls457">services </span><span class="pp-class-166 pa t3817 l37619 ls228">are </span><span class="pp-class-166 pa t3817 l37620 ls1740">reported </span><span class="pp-class-166 pa t3817 l37621">within </span><span class="pp-class-166 pa t3511 l3">the </span><span class="pp-class-166 pa t3511 l1913 ls1122">Road </span><span class="pp-class-166 pa t3511 l37622 ls1217">operating </span><span class="pp-class-166 pa t3511 l37623 ls1730">segment. </span><span class="pp-class-166 pa t3511 l19493 ls1122">Road </span><span class="pp-class-166 pa t3511 l37624 ls457">services </span><span class="pp-class-166 pa t3511 l37625 ls228">are </span><span class="pp-class-166 pa t3511 l37626 ls428">characterised </span><span class="pp-class-166 pa t3511 l23821">by </span><span class="pp-class-166 pa t3511 l21247 ls2030">short </span><span class="pp-class-166 pa t3511 l37627 ls951">delivery </span><span class="pp-class-166 pa t3522 l3">times, </span><span class="pp-class-166 pa t3522 l37599">as </span><span class="pp-class-166 pa t3522 l37600 ls461">most </span><span class="pp-class-166 pa t3522 l36621 ls267">road </span><span class="pp-class-166 pa t3522 l10418 ls1378">transports </span><span class="pp-class-166 pa t3522 l37628 ls228">are </span><span class="pp-class-166 pa t3522 l23101 ls1021">completed </span><span class="pp-class-166 pa t3522 l6380">within </span><span class="pp-class-166 pa t3522 l37629">a </span><span class="pp-class-166 pa t3522 l37630 ls228">few </span><span class="pp-class-166 pa t3522 l37631 ls3593">days. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3542 l3 ls1683">Contract </span><span class="pp-class-172 pa t3542 l22046 ls226">Logistics </span><span class="pp-class-172 pa t3542 l37632 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3553 l3 ls461">Contract </span><span class="pp-class-166 pa t3553 l659 ls101">Logistics </span><span class="pp-class-166 pa t3553 l661 ls457">services </span><span class="pp-class-166 pa t3553 l867">include </span><span class="pp-class-166 pa t3553 l37633 ls1129">warehousing </span><span class="pp-class-166 pa t3553 l37634">and </span><span class="pp-class-166 pa t3553 l32596 ls226">inventory </span><span class="pp-class-166 pa t3553 l37635">management </span><span class="pp-class-166 pa t3562 l3 ls890">services. </span><span class="pp-class-166 pa t3562 l37636 ls461">Contract </span><span class="pp-class-166 pa t3562 l37637 ls101">Logistics </span><span class="pp-class-166 pa t3562 l37638 ls457">services </span><span class="pp-class-166 pa t3562 l37639 ls228">are </span><span class="pp-class-166 pa t3562 l37640 ls1740">reported </span><span class="pp-class-166 pa t3562 l36708">within </span><span class="pp-class-166 pa t3562 l23027">the </span><span class="pp-class-166 pa t3562 l37641 ls461">Contract </span><span class="pp-class-166 pa t3562 l37642 ls101">Logistics </span><span class="pp-class-166 pa t3573 l3 ls1217">operating </span><span class="pp-class-166 pa t3573 l17518 ls1730">segment. </span><span class="pp-class-166 pa t3573 l23296 ls461">Contract </span><span class="pp-class-166 pa t3573 l37643 ls101">Logistics </span><span class="pp-class-166 pa t3573 l37644 ls457">services </span><span class="pp-class-166 pa t3573 l30764 ls228">are </span><span class="pp-class-166 pa t3573 l37645 ls428">characterised </span><span class="pp-class-166 pa t3573 l37646">by </span><span class="pp-class-166 pa t3573 l37647 ls2030">very </span><span class="pp-class-166 pa t3573 l37648 ls2030">short </span><span class="pp-class-166 pa t3884 l3 ls951">delivery </span><span class="pp-class-166 pa t3884 l30033">times, </span><span class="pp-class-166 pa t3884 l37649">happening </span><span class="pp-class-166 pa t3884 l37650 ls226">almost </span><span class="pp-class-166 pa t3884 l13742 ls18641">instantaneously.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t5448 l3"/></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3577 l3 ls2540">Recognition </span><span class="pp-class-172 pa t3577 l36665">principles</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3586 l3 ls853">Revenue </span><span class="pp-class-166 pa t3586 l9874 ls267">from </span><span class="pp-class-166 pa t3586 l8547 ls457">services </span><span class="pp-class-166 pa t3586 l37572 ls3238">rendered </span><span class="pp-class-166 pa t3586 l7312 ls228">are </span><span class="pp-class-166 pa t3586 l18932 ls564">recognised </span><span class="pp-class-166 pa t3586 l37651">based </span><span class="pp-class-166 pa t3586 l16056">on </span><span class="pp-class-166 pa t3586 l30608">the </span><span class="pp-class-166 pa t3586 l1754 ls189">price </span><span class="pp-class-166 pa t3586 l10523">specified </span><span class="pp-class-166 pa t3586 l37652">in </span><span class="pp-class-166 pa t3596 l3">the </span><span class="pp-class-166 pa t3596 l1913 ls704">contract </span><span class="pp-class-166 pa t3596 l37653">with </span><span class="pp-class-166 pa t3596 l37550">the </span><span class="pp-class-166 pa t3596 l37654 ls6056">customer. </span><span class="pp-class-166 pa t3596 l3765 ls853">Revenue </span><span class="pp-class-166 pa t3596 l37655">is </span><span class="pp-class-166 pa t3596 l37656 ls1528">measured </span><span class="pp-class-166 pa t3596 l37657 ls164">excluding </span><span class="pp-class-166 pa t3596 l37658 ls37659">VAT </span><span class="pp-class-166 pa t3596 l37660">and </span><span class="pp-class-166 pa t3596 l37661 ls75">other </span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3624 l3 ls2236">taxes </span><span class="pp-class-166 pa t3624 l37662 ls428">collected </span><span class="pp-class-166 pa t3624 l5616">on </span><span class="pp-class-166 pa t3624 l5843">behalf </span><span class="pp-class-166 pa t3624 l37663">of </span><span class="pp-class-166 pa t3624 l3507 ls497">third </span><span class="pp-class-166 pa t3624 l37664 ls3185">parties, </span><span class="pp-class-166 pa t3624 l37665">and </span><span class="pp-class-166 pa t3624 l37666">any </span><span class="pp-class-166 pa t3624 l11478 ls1428">discounts </span><span class="pp-class-166 pa t3624 l24462 ls228">are </span><span class="pp-class-166 pa t3624 l32260 ls377">offset </span><span class="pp-class-166 pa t3624 l37667 ls48">against </span><span class="pp-class-166 pa t3330 l3">the </span><span class="pp-class-166 pa t3330 l1913 ls1528">revenue. </span><span class="pp-class-166 pa t3330 l29424 ls495">Incremental </span><span class="pp-class-166 pa t3330 l12088 ls1129">costs </span><span class="pp-class-166 pa t3330 l37668">of </span><span class="pp-class-166 pa t3330 l9267 ls704">obtaining </span><span class="pp-class-166 pa t3330 l24862">a </span><span class="pp-class-166 pa t3330 l18854 ls704">contract </span><span class="pp-class-166 pa t3330 l5652">with </span><span class="pp-class-166 pa t3330 l37669">a </span><span class="pp-class-166 pa t3330 l22785 ls740">customer </span><span class="pp-class-166 pa t3330 l37670 ls228">are </span><span class="pp-class-166 pa t3330 l37671 ls1528">not </span><span class="pp-class-166 pa t3338 l3 ls11830">recognised </span><span class="pp-class-166 pa t3338 l6034 ls2325">as </span><span class="pp-class-166 pa t3338 l37672 ls2325">an </span><span class="pp-class-166 pa t3338 l37673 ls2267">asset </span><span class="pp-class-166 pa t3338 l36588 ls12413">but </span><span class="pp-class-166 pa t3338 l37674 ls2325">as </span><span class="pp-class-166 pa t3338 l10450 ls3381">a </span><span class="pp-class-166 pa t3338 l9473 ls2364">cost </span><span class="pp-class-166 pa t3338 l37675 ls7096">when </span><span class="pp-class-166 pa t3338 l37676 ls386">incurred, </span><span class="pp-class-166 pa t3338 l37677 ls12413">due </span><span class="pp-class-166 pa t3338 l37678 ls19049">to </span><span class="pp-class-166 pa t3338 l37679 ls12413">the </span><span class="pp-class-166 pa t3338 l37680 ls1855">short </span><span class="pp-class-166 pa t3338 l37681 ls7353">delivery </span><span class="pp-class-166 pa t3338 l37682 ls2675">times. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3360 l3 ls1462">Trade </span><span class="pp-class-166 pa t3360 l8738 ls1444">receivables </span><span class="pp-class-166 pa t3360 l9955 ls228">are </span><span class="pp-class-166 pa t3360 l37683 ls1528">not </span><span class="pp-class-166 pa t3360 l37684 ls740">adjusted </span><span class="pp-class-166 pa t3360 l37685 ls228">for </span><span class="pp-class-166 pa t3360 l10554">financing </span><span class="pp-class-166 pa t3360 l37686 ls923">components </span><span class="pp-class-166 pa t3360 l37687">due </span><span class="pp-class-166 pa t3360 l37688 ls135">to </span><span class="pp-class-166 pa t3360 l37689 ls2030">short </span><span class="pp-class-166 pa t3373 l3 ls564">credit </span><span class="pp-class-166 pa t3373 l9100 ls740">terms, </span><span class="pp-class-166 pa t3373 l37690 ls1839">typically </span><span class="pp-class-166 pa t3373 l797 ls59">ranging </span><span class="pp-class-166 pa t3373 l37691 ls267">from </span><span class="pp-class-166 pa t3373 l37692">14 </span><span class="pp-class-166 pa t3373 l37693 ls135">to </span><span class="pp-class-166 pa t3373 l17537">60 </span><span class="pp-class-166 pa t3373 l37694 ls3593">days, </span><span class="pp-class-166 pa t3373 l37695 ls851">rendering </span><span class="pp-class-166 pa t3373 l37696">the </span><span class="pp-class-166 pa t3373 l29459">financing </span><span class="pp-class-166 pa t3682 l3 ls1428">component </span><span class="pp-class-166 pa t3682 l37697 ls3593">insignificant. </span><span class="pp-class-166 pa t3682 l37698 ls497">Where </span><span class="pp-class-166 pa t3682 l37699 ls457">services </span><span class="pp-class-166 pa t3682 l27782 ls3238">rendered </span><span class="pp-class-166 pa t3682 l37700 ls48">have </span><span class="pp-class-166 pa t3682 l14864 ls234">yet </span><span class="pp-class-166 pa t3682 l29983 ls135">to </span><span class="pp-class-166 pa t3682 l15239">be </span><span class="pp-class-166 pa t3682 l7646 ls1217">invoiced </span><span class="pp-class-166 pa t3682 l37701">and </span><span class="pp-class-166 pa t3375 l3 ls1217">invoices </span><span class="pp-class-166 pa t3375 l34645">on </span><span class="pp-class-166 pa t3375 l37702 ls457">services </span><span class="pp-class-166 pa t3375 l27372 ls1416">received </span><span class="pp-class-166 pa t3375 l5414 ls267">from </span><span class="pp-class-166 pa t3375 l5345">hauliers </span><span class="pp-class-166 pa t3375 l8953 ls556">still </span><span class="pp-class-166 pa t3375 l14863 ls48">have </span><span class="pp-class-166 pa t3375 l20334 ls135">to </span><span class="pp-class-166 pa t3375 l37703">be </span><span class="pp-class-166 pa t3375 l23641 ls497">received, </span><span class="pp-class-166 pa t3375 l37704 ls704">contract </span><span class="pp-class-166 pa t3387 l3 ls4053">assets </span><span class="pp-class-166 pa t3387 l2820">and </span><span class="pp-class-166 pa t3387 l37705 ls187">accrued </span><span class="pp-class-166 pa t3387 l37706 ls3490">cost </span><span class="pp-class-166 pa t3387 l37707">of </span><span class="pp-class-166 pa t3387 l27203 ls457">services </span><span class="pp-class-166 pa t3387 l37708 ls228">are </span><span class="pp-class-166 pa t3387 l37709 ls564">recognised </span><span class="pp-class-166 pa t3387 l37710">at </span><span class="pp-class-166 pa t3387 l37711">the </span><span class="pp-class-166 pa t3387 l14091 ls1428">reporting </span><span class="pp-class-166 pa t3387 l37712 ls189">date. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3406 l3 ls853">Revenue </span><span class="pp-class-166 pa t3406 l9874 ls853">allocated </span><span class="pp-class-166 pa t3406 l37632 ls135">to </span><span class="pp-class-166 pa t3406 l37713 ls851">remaining </span><span class="pp-class-166 pa t3406 l37714 ls826">performance </span><span class="pp-class-166 pa t3406 l27776">obligations </span><span class="pp-class-166 pa t3406 l37715 ls228">are </span><span class="pp-class-166 pa t3406 l37716 ls1528">not </span><span class="pp-class-166 pa t3406 l37717">disclosed </span><span class="pp-class-166 pa t3722 l3 ls851">following </span><span class="pp-class-166 pa t3722 l3761">the </span><span class="pp-class-166 pa t3722 l37718 ls377">practical </span><span class="pp-class-166 pa t3722 l37719 ls86">expedient </span><span class="pp-class-166 pa t3722 l37720">of </span><span class="pp-class-166 pa t3722 l37721">IFRS </span><span class="pp-class-166 pa t3722 l9999">15. </span><span class="pp-class-166 pa t3722 l37722 ls853">Revenue </span><span class="pp-class-166 pa t3722 l37723">also </span><span class="pp-class-166 pa t3722 l37724 ls1428">comprises </span><span class="pp-class-166 pa t3722 l37725 ls740">income </span><span class="pp-class-166 pa t3728 l3 ls267">from </span><span class="pp-class-166 pa t3728 l2065">sale </span><span class="pp-class-166 pa t3728 l18848">of </span><span class="pp-class-166 pa t3728 l37726 ls552">property </span><span class="pp-class-166 pa t3728 l37654 ls461">projects </span><span class="pp-class-166 pa t3728 l37727">in </span><span class="pp-class-166 pa t3728 l37728">the </span><span class="pp-class-166 pa t3728 l37729 ls267">form </span><span class="pp-class-166 pa t3728 l37730">of </span><span class="pp-class-166 pa t3728 l37731">sale </span><span class="pp-class-166 pa t3728 l37732">of </span><span class="pp-class-166 pa t3728 l37733">land </span><span class="pp-class-166 pa t3728 l37734">and </span><span class="pp-class-166 pa t3728 l33930">buildings </span><span class="pp-class-166 pa t3728 l3605 ls702">acquired, </span><span class="pp-class-166 pa t3417 l3 ls4053">constructed </span><span class="pp-class-166 pa t3417 l37735">and </span><span class="pp-class-166 pa t3417 l37736">held </span><span class="pp-class-166 pa t3417 l37737 ls228">for </span><span class="pp-class-166 pa t3417 l14996">sale </span><span class="pp-class-166 pa t3417 l31563">in </span><span class="pp-class-166 pa t3417 l37738">the </span><span class="pp-class-166 pa t3417 l37739 ls1849">ordinary </span><span class="pp-class-166 pa t3417 l10474 ls740">course </span><span class="pp-class-166 pa t3417 l37740">of </span><span class="pp-class-166 pa t3417 l37741 ls394">business. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3 ls853">Revenue </span><span class="pp-class-166 pa t3439 l9874 ls267">from </span><span class="pp-class-166 pa t3439 l8547 ls552">property </span><span class="pp-class-166 pa t3439 l20929 ls461">projects </span><span class="pp-class-166 pa t3439 l25861">is </span><span class="pp-class-166 pa t3439 l27745 ls564">recognised </span><span class="pp-class-166 pa t3439 l35881">at </span><span class="pp-class-166 pa t3439 l31154">a </span><span class="pp-class-166 pa t3439 l37742">point </span><span class="pp-class-166 pa t3439 l29580">in </span><span class="pp-class-166 pa t3439 l37743">time </span><span class="pp-class-166 pa t3439 l37744">in </span><span class="pp-class-166 pa t3439 l36718">the </span><span class="pp-class-166 pa t3439 l37745 ls1217">operating </span><span class="pp-class-166 pa t3451 l3">segment </span><span class="pp-class-166 pa t3451 l3022 ls135">to </span><span class="pp-class-166 pa t3451 l37746">which </span><span class="pp-class-166 pa t3451 l9371">it </span><span class="pp-class-166 pa t3451 l37747 ls265">relates. </span><span class="pp-class-166 pa t3451 l23344 ls951">Delivery </span><span class="pp-class-166 pa t3451 l32258">times </span><span class="pp-class-166 pa t3451 l12429">on </span><span class="pp-class-166 pa t3451 l37748 ls552">property </span><span class="pp-class-166 pa t3451 l37749 ls461">projects </span><span class="pp-class-166 pa t3451 l37750 ls228">are </span><span class="pp-class-166 pa t3451 l37751 ls1839">typically </span><span class="pp-class-166 pa t3466 l3">8-18 </span><span class="pp-class-166 pa t3466 l37752">months. </span><span class="pp-class-166 pa t3466 l37753">If </span><span class="pp-class-166 pa t3466 l37754">the </span><span class="pp-class-166 pa t3466 l37755 ls552">property </span><span class="pp-class-166 pa t3466 l37756">is </span><span class="pp-class-166 pa t3466 l37757 ls239">leased </span><span class="pp-class-166 pa t3466 l37758">back </span><span class="pp-class-166 pa t3466 l37759 ls101">after </span><span class="pp-class-166 pa t3466 l37760 ls180">completion, </span><span class="pp-class-166 pa t3466 l31320">the </span><span class="pp-class-166 pa t3466 l37761 ls977">right-of-use </span><span class="pp-class-166 pa t3471 l3 ls1428">asset </span><span class="pp-class-166 pa t3471 l37762">arising </span><span class="pp-class-166 pa t3471 l27040 ls267">from </span><span class="pp-class-166 pa t3471 l37763">the </span><span class="pp-class-166 pa t3471 l28750 ls394">leaseback </span><span class="pp-class-166 pa t3471 l37764">is </span><span class="pp-class-166 pa t3471 l37765 ls564">recognised </span><span class="pp-class-166 pa t3471 l37766">at </span><span class="pp-class-166 pa t3471 l4911">the </span><span class="pp-class-166 pa t3471 l37767 ls923">proportion </span><span class="pp-class-166 pa t3471 l37768">of </span><span class="pp-class-166 pa t3471 l32782">the </span><span class="pp-class-166 pa t3471 l2041 ls66">previous </span><span class="pp-class-166 pa t3472 l3 ls205">carrying </span><span class="pp-class-166 pa t3472 l36341">amount </span><span class="pp-class-166 pa t3472 l4946">of </span><span class="pp-class-166 pa t3472 l6774">the </span><span class="pp-class-166 pa t3472 l2615 ls1428">asset </span><span class="pp-class-166 pa t3472 l20263">that </span><span class="pp-class-166 pa t3472 l1948 ls1766">relates </span><span class="pp-class-166 pa t3472 l37769 ls135">to </span><span class="pp-class-166 pa t3472 l37770">the </span><span class="pp-class-166 pa t3472 l27541">right </span><span class="pp-class-166 pa t3472 l37771">of </span><span class="pp-class-166 pa t3472 l25914">use </span><span class="pp-class-166 pa t3472 l37772 ls1416">retained </span><span class="pp-class-166 pa t3472 l3085">by </span><span class="pp-class-166 pa t3472 l35138 ls2500">DSV.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls461">Contract </span><span class="pp-class-166 pa t3330 l659 ls4053">assets </span><span class="pp-class-166 pa t3330 l32257">and </span><span class="pp-class-166 pa t3330 l36608 ls187">accrued </span><span class="pp-class-166 pa t3330 l25815 ls1129">costs </span><span class="pp-class-166 pa t3330 l39530">of </span><span class="pp-class-166 pa t3330 l23206 ls457">services </span><span class="pp-class-166 pa t3330 l39531">include </span><span class="pp-class-166 pa t3330 l29431 ls187">accrued </span><span class="pp-class-166 pa t3330 l33728 ls1410">revenue </span><span class="pp-class-166 pa t3330 l39532">and </span><span class="pp-class-166 pa t3338 l3 ls187">accrued </span><span class="pp-class-166 pa t3338 l1975 ls1129">costs </span><span class="pp-class-166 pa t3338 l39533 ls267">from </span><span class="pp-class-166 pa t3338 l21890 ls856">freight </span><span class="pp-class-166 pa t3338 l39534 ls3962">forwarding </span><span class="pp-class-166 pa t3338 l39535 ls890">services, </span><span class="pp-class-166 pa t3338 l8743 ls704">contract </span><span class="pp-class-166 pa t3338 l39536 ls1452">logistics </span><span class="pp-class-166 pa t3338 l39537">and </span><span class="pp-class-166 pa t3338 l39538 ls75">other </span><span class="pp-class-166 pa t3348 l3 ls1766">related </span><span class="pp-class-166 pa t3348 l10312 ls457">services </span><span class="pp-class-166 pa t3348 l33695">in </span><span class="pp-class-166 pa t3348 l2883 ls2081">progress. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3373 l3 ls461">Contract </span><span class="pp-class-166 pa t3373 l659 ls4053">assets </span><span class="pp-class-166 pa t3373 l32257 ls228">are </span><span class="pp-class-166 pa t3373 l39539 ls564">recognised </span><span class="pp-class-166 pa t3373 l22152">when </span><span class="pp-class-166 pa t3373 l39540">a </span><span class="pp-class-166 pa t3373 l11011">sales </span><span class="pp-class-166 pa t3373 l39541 ls750">transaction </span><span class="pp-class-166 pa t3373 l39542">fulfils </span><span class="pp-class-166 pa t3373 l39543">the </span><span class="pp-class-166 pa t3373 l39544 ls234">criteria </span><span class="pp-class-166 pa t3373 l21089 ls228">for </span><span class="pp-class-166 pa t3682 l3 ls1410">revenue </span><span class="pp-class-166 pa t3682 l28390 ls1528">recognition, </span><span class="pp-class-166 pa t3682 l29004">but </span><span class="pp-class-166 pa t3682 l20995">the </span><span class="pp-class-166 pa t3682 l39545">final </span><span class="pp-class-166 pa t3682 l39546 ls853">invoice </span><span class="pp-class-166 pa t3682 l39547">has </span><span class="pp-class-166 pa t3682 l39548 ls234">yet </span><span class="pp-class-166 pa t3682 l14998 ls135">to </span><span class="pp-class-166 pa t3682 l14705">be </span><span class="pp-class-166 pa t3682 l27083 ls239">issued </span><span class="pp-class-166 pa t3682 l39549 ls135">to </span><span class="pp-class-166 pa t3682 l19928">the </span><span class="pp-class-166 pa t3682 l39550 ls740">customer </span><span class="pp-class-166 pa t3375 l3 ls228">for </span><span class="pp-class-166 pa t3375 l2086">the </span><span class="pp-class-166 pa t3375 l2543 ls457">services </span><span class="pp-class-166 pa t3375 l14123 ls2476">delivered. </span><span class="pp-class-166 pa t3375 l9266 ls239">Please </span><span class="pp-class-166 pa t3375 l39551 ls1860">refer </span><span class="pp-class-166 pa t3375 l39552 ls135">to </span><span class="pp-class-171 pa t3375 l38990 ls73">note </span><span class="pp-class-171 pa t3375 l20287">4.5</span><span class="pp-class-166 pa t3375 l39553"/><span class="pp-class-166 pa t3375 l29022 ls228">for </span><span class="pp-class-166 pa t3375 l2304 ls164">disclosure </span><span class="pp-class-166 pa t3375 l39554">of </span><span class="pp-class-166 pa t3375 l32463 ls564">credit </span><span class="pp-class-166 pa t3375 l39555">risk, </span><span class="pp-class-166 pa t3387 l3">as </span><span class="pp-class-166 pa t3387 l2424 ls1129">trade </span><span class="pp-class-166 pa t3387 l39423 ls1444">receivables </span><span class="pp-class-166 pa t3387 l39556 ls394">carry </span><span class="pp-class-166 pa t3387 l32655 ls1575">substantially </span><span class="pp-class-166 pa t3387 l39557">the </span><span class="pp-class-166 pa t3387 l24727">same </span><span class="pp-class-166 pa t3387 l39558 ls1026">characteristics </span><span class="pp-class-166 pa t3387 l4905">as </span><span class="pp-class-166 pa t3387 l39559 ls704">contract </span><span class="pp-class-166 pa t3395 l3 ls4053">assets.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3722 l3 ls187">Accrued </span><span class="pp-class-166 pa t3722 l4185 ls1129">costs </span><span class="pp-class-166 pa t3722 l21722">of </span><span class="pp-class-166 pa t3722 l35897 ls457">services </span><span class="pp-class-166 pa t3722 l39560 ls228">are </span><span class="pp-class-166 pa t3722 l10714 ls1217">estimated </span><span class="pp-class-166 pa t3722 l39561">and </span><span class="pp-class-166 pa t3722 l39562 ls564">recognised </span><span class="pp-class-166 pa t3722 l39563">when </span><span class="pp-class-166 pa t3722 l20291">supplier </span><span class="pp-class-166 pa t3722 l39564 ls1217">invoices </span><span class="pp-class-166 pa t3728 l3 ls66">relating </span><span class="pp-class-166 pa t3728 l1943 ls135">to </span><span class="pp-class-166 pa t3728 l1759 ls564">recognised </span><span class="pp-class-166 pa t3728 l28664 ls1410">revenue </span><span class="pp-class-166 pa t3728 l39565 ls228">for </span><span class="pp-class-166 pa t3728 l39566">the </span><span class="pp-class-166 pa t3728 l9268 ls1428">reporting </span><span class="pp-class-166 pa t3728 l35758">period </span><span class="pp-class-166 pa t3728 l39567 ls48">have </span><span class="pp-class-166 pa t3728 l39568 ls234">yet </span><span class="pp-class-166 pa t3728 l39569 ls135">to </span><span class="pp-class-166 pa t3728 l39570">be </span><span class="pp-class-166 pa t3728 l39571 ls1416">received.</span></p> <div id="pp-id-4343" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37856 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l3 ls853">Revenue </span><span class="pp-class-166 pa t28110 l9874">is </span><span class="pp-class-166 pa t28110 l37857">specified </span><span class="pp-class-166 pa t28110 l37755">as </span><span class="pp-class-166 pa t28110 l37858 ls455">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37859 l3 ls1552">Revenue</span><span class="pp-class-166 pa t37859 l37860"/><span class="pp-class-166 pa t37859 l37861">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37859 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37859 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l3">Sale </span><span class="pp-class-166 pa t37863 l35100">of </span><span class="pp-class-166 pa t37863 l35101 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l37864">245,208</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l37865">166,206</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l3">Other </span><span class="pp-class-166 pa t37866 l4385 ls1217">operating </span><span class="pp-class-166 pa t37866 l21900 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l37867">2,123</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l28132">900</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l37869 ls1858">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l37870 ls1858">167,106</span></p></td></tr></table></div></div><div id="pp-id-4344" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37871 pa t2 l3 wtro4 xx37872 tro6 xx37873"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37874 l3">Sale </span><span class="pp-class-166 pa t37874 l35100">of </span><span class="pp-class-166 pa t37874 l35101 ls552">property </span><span class="pp-class-166 pa t37874 l6129 ls461">projects </span><span class="pp-class-166 pa t37874 l4288 ls702">presented </span><span class="pp-class-166 pa t37874 l19075">within </span><span class="pp-class-166 pa t37874 l37875">sale </span><span class="pp-class-166 pa t37874 l5010">of </span><span class="pp-class-166 pa t37874 l23869 ls457">services </span><span class="pp-class-166 pa t37874 l37876 ls66">constitutes </span><span class="pp-class-166 pa t37874 l37877 ls1766">approxi-</span><span class="pp-class-166 pa t37878 l3 ls740">mately </span><span class="pp-class-166 pa t37878 l1709">1% </span><span class="pp-class-166 pa t37878 l5119">of </span><span class="pp-class-166 pa t37878 l2192 ls169">total </span><span class="pp-class-166 pa t37878 l12369 ls1410">revenue </span><span class="pp-class-166 pa t37878 l12448">(2024: </span><span class="pp-class-166 pa t37878 l37231 ls2432">approximately </span><span class="pp-class-166 pa t37878 l31433">2%). </span><span class="pp-class-166 pa t37878 l37879 ls740">Income </span><span class="pp-class-166 pa t37878 l37880 ls267">from </span><span class="pp-class-166 pa t37878 l37881 ls1418">insurance </span><span class="pp-class-166 pa t37882 l3 ls1849">contracts </span><span class="pp-class-166 pa t37882 l27208 ls702">presented </span><span class="pp-class-166 pa t37882 l37883">within </span><span class="pp-class-166 pa t37882 l5628 ls75">other </span><span class="pp-class-166 pa t37882 l37884 ls1217">operating </span><span class="pp-class-166 pa t37882 l37885 ls740">income </span><span class="pp-class-166 pa t37882 l16192 ls66">constitutes </span><span class="pp-class-166 pa t37882 l30271 ls48">less </span><span class="pp-class-166 pa t37882 l37886">than </span><span class="pp-class-166 pa t37882 l37887">1% </span><span class="pp-class-166 pa t37882 l21665">of </span><span class="pp-class-166 pa t37888 l3 ls169">total </span><span class="pp-class-166 pa t37888 l32608 ls1410">revenue </span><span class="pp-class-166 pa t37888 l37889">(2024: </span><span class="pp-class-166 pa t37888 l14844 ls48">less </span><span class="pp-class-166 pa t37888 l37890">than </span><span class="pp-class-166 pa t37888 l37891">1%).</span></p></div></div> <div id="pp-id-4343" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37856 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l3 ls853">Revenue </span><span class="pp-class-166 pa t28110 l9874">is </span><span class="pp-class-166 pa t28110 l37857">specified </span><span class="pp-class-166 pa t28110 l37755">as </span><span class="pp-class-166 pa t28110 l37858 ls455">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37859 l3 ls1552">Revenue</span><span class="pp-class-166 pa t37859 l37860"/><span class="pp-class-166 pa t37859 l37861">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37859 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37859 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l3">Sale </span><span class="pp-class-166 pa t37863 l35100">of </span><span class="pp-class-166 pa t37863 l35101 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l37864">245,208</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37863 l37865">166,206</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l3">Other </span><span class="pp-class-166 pa t37866 l4385 ls1217">operating </span><span class="pp-class-166 pa t37866 l21900 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l37867">2,123</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37866 l28132">900</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l37869 ls1858">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37868 l37870 ls1858">167,106</span></p></td></tr></table></div></div><div id="pp-id-4344" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37871 pa t2 l3 wtro4 xx37872 tro6 xx37873"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37874 l3">Sale </span><span class="pp-class-166 pa t37874 l35100">of </span><span class="pp-class-166 pa t37874 l35101 ls552">property </span><span class="pp-class-166 pa t37874 l6129 ls461">projects </span><span class="pp-class-166 pa t37874 l4288 ls702">presented </span><span class="pp-class-166 pa t37874 l19075">within </span><span class="pp-class-166 pa t37874 l37875">sale </span><span class="pp-class-166 pa t37874 l5010">of </span><span class="pp-class-166 pa t37874 l23869 ls457">services </span><span class="pp-class-166 pa t37874 l37876 ls66">constitutes </span><span class="pp-class-166 pa t37874 l37877 ls1766">approxi-</span><span class="pp-class-166 pa t37878 l3 ls740">mately </span><span class="pp-class-166 pa t37878 l1709">1% </span><span class="pp-class-166 pa t37878 l5119">of </span><span class="pp-class-166 pa t37878 l2192 ls169">total </span><span class="pp-class-166 pa t37878 l12369 ls1410">revenue </span><span class="pp-class-166 pa t37878 l12448">(2024: </span><span class="pp-class-166 pa t37878 l37231 ls2432">approximately </span><span class="pp-class-166 pa t37878 l31433">2%). </span><span class="pp-class-166 pa t37878 l37879 ls740">Income </span><span class="pp-class-166 pa t37878 l37880 ls267">from </span><span class="pp-class-166 pa t37878 l37881 ls1418">insurance </span><span class="pp-class-166 pa t37882 l3 ls1849">contracts </span><span class="pp-class-166 pa t37882 l27208 ls702">presented </span><span class="pp-class-166 pa t37882 l37883">within </span><span class="pp-class-166 pa t37882 l5628 ls75">other </span><span class="pp-class-166 pa t37882 l37884 ls1217">operating </span><span class="pp-class-166 pa t37882 l37885 ls740">income </span><span class="pp-class-166 pa t37882 l16192 ls66">constitutes </span><span class="pp-class-166 pa t37882 l30271 ls48">less </span><span class="pp-class-166 pa t37882 l37886">than </span><span class="pp-class-166 pa t37882 l37887">1% </span><span class="pp-class-166 pa t37882 l21665">of </span><span class="pp-class-166 pa t37888 l3 ls169">total </span><span class="pp-class-166 pa t37888 l32608 ls1410">revenue </span><span class="pp-class-166 pa t37888 l37889">(2024: </span><span class="pp-class-166 pa t37888 l14844 ls48">less </span><span class="pp-class-166 pa t37888 l37890">than </span><span class="pp-class-166 pa t37888 l37891">1%).</span></p></div></div><div class="pp-class-4" id="pp-id-4348" xmlns="http://www.w3.org/1999/xhtml"><div class="w37935 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.4 </span><span class="pp-class-169 pa t254 l37093 ls1181">Other </span><span class="pp-class-169 pa t254 l37936 ls19185">external </span><span class="pp-class-169 pa t254 l37937 ls37894">costs</span></p></div></div><div class="pp-class-4" id="pp-id-4349" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37938 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37939 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37939 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37940 l3">Other </span><span class="pp-class-166 pa t37940 l4385 ls59">external </span><span class="pp-class-166 pa t37940 l13173 ls1129">costs </span><span class="pp-class-166 pa t37940 l26575 ls234">comprise </span><span class="pp-class-166 pa t37940 l37941 ls1129">costs </span><span class="pp-class-166 pa t37940 l28999 ls66">relating </span><span class="pp-class-166 pa t37940 l30655 ls135">to </span><span class="pp-class-166 pa t37940 l37942 ls13624">IT, </span><span class="pp-class-166 pa t37940 l37943 ls455">marketing, </span><span class="pp-class-166 pa t37940 l37944 ls2022">consultants, </span><span class="pp-class-166 pa t37945 l3 ls75">other </span><span class="pp-class-166 pa t37945 l1276 ls1831">rent, </span><span class="pp-class-166 pa t37945 l28279 ls740">training </span><span class="pp-class-166 pa t37945 l37946">and </span><span class="pp-class-166 pa t37945 l37947 ls1026">education, </span><span class="pp-class-166 pa t37945 l37948 ls93">office </span><span class="pp-class-166 pa t37945 l37949 ls851">premises, </span><span class="pp-class-166 pa t37945 l27991 ls394">travelling, </span><span class="pp-class-166 pa t37945 l30543 ls1761">communications </span><span class="pp-class-166 pa t37950 l3">as </span><span class="pp-class-166 pa t37950 l2424 ls1122">well </span><span class="pp-class-166 pa t37950 l5438">as </span><span class="pp-class-166 pa t37950 l5439 ls75">other </span><span class="pp-class-166 pa t37950 l37951">selling </span><span class="pp-class-166 pa t37950 l30020">and </span><span class="pp-class-166 pa t37950 l37952 ls154">administrative </span><span class="pp-class-166 pa t37950 l33283 ls2540">costs, </span><span class="pp-class-166 pa t37950 l37953 ls48">less </span><span class="pp-class-166 pa t37950 l3880 ls1129">costs </span><span class="pp-class-166 pa t37950 l12458 ls228">transferred </span><span class="pp-class-166 pa t37950 l37954 ls135">to </span><span class="pp-class-166 pa t37955 l3 ls1575">direct </span><span class="pp-class-166 pa t37955 l15470 ls1129">costs.</span></p></div></div><div id="pp-id-4350" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37956 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2688">Other </span><span class="pp-class-170 pa t34823 l12904 ls2275">external </span><span class="pp-class-170 pa t34823 l37957 ls4132">costs</span><span class="pp-class-166 pa t34823 l37958"/><span class="pp-class-166 pa t34823 l37959">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3">Other </span><span class="pp-class-166 pa t34827 l4385 ls59">external </span><span class="pp-class-166 pa t34827 l13173 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37933">21,468</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28139">12,099</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls4142">Transferred </span><span class="pp-class-166 pa t35090 l37960 ls135">to </span><span class="pp-class-166 pa t35090 l37961 ls1575">direct </span><span class="pp-class-166 pa t35090 l37962 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37963">(12,023)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37964">(7,447)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37966 ls2690">9,445</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37967 ls2690">4,652</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4345" xmlns="http://www.w3.org/1999/xhtml"><div class="w37892 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.3 </span><span class="pp-class-169 pa t254 l37093 ls28168">Direct </span><span class="pp-class-169 pa t254 l37893 ls37894">costs</span></p></div></div><div id="pp-id-4346" xmlns="http://www.w3.org/1999/xhtml"><div class="w37895 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37896 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37896 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37897 l3 ls1575">Direct </span><span class="pp-class-166 pa t37897 l13166 ls1129">costs </span><span class="pp-class-166 pa t37897 l7268 ls234">comprise </span><span class="pp-class-166 pa t37897 l37898 ls1129">costs </span><span class="pp-class-166 pa t37897 l37899">paid </span><span class="pp-class-166 pa t37897 l22388 ls135">to </span><span class="pp-class-166 pa t37897 l14315 ls3962">generate </span><span class="pp-class-166 pa t37897 l37900">the </span><span class="pp-class-166 pa t37897 l4951 ls1528">revenue. </span><span class="pp-class-166 pa t37897 l37901 ls1575">Direct </span><span class="pp-class-166 pa t37897 l37902 ls1129">costs </span><span class="pp-class-166 pa t37897 l37903">include </span><span class="pp-class-166 pa t37904 l3 ls1026">settlement </span><span class="pp-class-166 pa t37904 l37905">of </span><span class="pp-class-166 pa t37904 l37906 ls1740">accounts </span><span class="pp-class-166 pa t37904 l14560">with </span><span class="pp-class-166 pa t37904 l26646">haulage </span><span class="pp-class-166 pa t37904 l37907 ls59">contractors, </span><span class="pp-class-166 pa t37904 l37908">shipping </span><span class="pp-class-166 pa t37904 l37909 ls923">companies, </span><span class="pp-class-166 pa t37904 l37910">airlines, </span><span class="pp-class-166 pa t37911 l3 ls1831">etc. </span><span class="pp-class-166 pa t37911 l37912 ls1575">Direct </span><span class="pp-class-166 pa t37911 l14330 ls1129">costs </span><span class="pp-class-166 pa t37911 l2497">also </span><span class="pp-class-166 pa t37911 l37913">include </span><span class="pp-class-166 pa t37911 l2997 ls1575">staff </span><span class="pp-class-166 pa t37911 l5760 ls1129">costs </span><span class="pp-class-166 pa t37911 l37914 ls66">relating </span><span class="pp-class-166 pa t37911 l37915 ls135">to </span><span class="pp-class-166 pa t37911 l37916">hourly </span><span class="pp-class-166 pa t37911 l7510 ls59">workers </span><span class="pp-class-166 pa t37911 l37917">used </span><span class="pp-class-166 pa t37911 l37918 ls228">for </span><span class="pp-class-166 pa t37919 l3">fulfilling </span><span class="pp-class-166 pa t37919 l37920 ls564">orders </span><span class="pp-class-166 pa t37919 l37921">and </span><span class="pp-class-166 pa t37919 l31359 ls75">other </span><span class="pp-class-166 pa t37919 l7639 ls1575">direct </span><span class="pp-class-166 pa t37919 l37922 ls1129">costs </span><span class="pp-class-166 pa t37919 l13032">of </span><span class="pp-class-166 pa t37919 l37923 ls154">operation, </span><span class="pp-class-166 pa t37919 l16192">such </span><span class="pp-class-166 pa t37919 l2017">as </span><span class="pp-class-166 pa t37919 l37924 ls1674">rental </span><span class="pp-class-166 pa t37919 l37925">of </span><span class="pp-class-166 pa t37919 l37926 ls1452">logistics </span><span class="pp-class-166 pa t37927 l3 ls187">facilities </span><span class="pp-class-166 pa t37927 l10844">and </span><span class="pp-class-166 pa t37927 l33425 ls1129">costs </span><span class="pp-class-166 pa t37927 l9804 ls66">relating </span><span class="pp-class-166 pa t37927 l13460 ls135">to </span><span class="pp-class-166 pa t37927 l37928 ls552">property </span><span class="pp-class-166 pa t37927 l22039 ls461">projects.</span></p></div></div><div id="pp-id-4347" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37929 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2688">Direct </span><span class="pp-class-170 pa t34823 l23665 ls4132">costs</span><span class="pp-class-166 pa t34823 l37930"/><span class="pp-class-166 pa t34823 l4018 ls166">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls853">Cost </span><span class="pp-class-166 pa t34827 l8720">of </span><span class="pp-class-166 pa t34827 l37931 ls234">carriers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37864">152,434</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37865">108,486</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls826">Staff </span><span class="pp-class-166 pa t35090 l616 ls2540">costs, </span><span class="pp-class-166 pa t35090 l4993">hourly </span><span class="pp-class-166 pa t35090 l37932 ls2540">workers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37933">16,015</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28456">8,199</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">Other </span><span class="pp-class-166 pa t35092 l4385 ls1129">costs </span><span class="pp-class-166 pa t35092 l4598">of </span><span class="pp-class-166 pa t35092 l33363 ls740">operation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l37933">12,023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28456">7,447</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l37869 ls1858">180,472</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l37870 ls1858">124,132</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4348" xmlns="http://www.w3.org/1999/xhtml"><div class="w37935 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.4 </span><span class="pp-class-169 pa t254 l37093 ls1181">Other </span><span class="pp-class-169 pa t254 l37936 ls19185">external </span><span class="pp-class-169 pa t254 l37937 ls37894">costs</span></p></div></div><div class="pp-class-4" id="pp-id-4349" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37938 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37939 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37939 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37940 l3">Other </span><span class="pp-class-166 pa t37940 l4385 ls59">external </span><span class="pp-class-166 pa t37940 l13173 ls1129">costs </span><span class="pp-class-166 pa t37940 l26575 ls234">comprise </span><span class="pp-class-166 pa t37940 l37941 ls1129">costs </span><span class="pp-class-166 pa t37940 l28999 ls66">relating </span><span class="pp-class-166 pa t37940 l30655 ls135">to </span><span class="pp-class-166 pa t37940 l37942 ls13624">IT, </span><span class="pp-class-166 pa t37940 l37943 ls455">marketing, </span><span class="pp-class-166 pa t37940 l37944 ls2022">consultants, </span><span class="pp-class-166 pa t37945 l3 ls75">other </span><span class="pp-class-166 pa t37945 l1276 ls1831">rent, </span><span class="pp-class-166 pa t37945 l28279 ls740">training </span><span class="pp-class-166 pa t37945 l37946">and </span><span class="pp-class-166 pa t37945 l37947 ls1026">education, </span><span class="pp-class-166 pa t37945 l37948 ls93">office </span><span class="pp-class-166 pa t37945 l37949 ls851">premises, </span><span class="pp-class-166 pa t37945 l27991 ls394">travelling, </span><span class="pp-class-166 pa t37945 l30543 ls1761">communications </span><span class="pp-class-166 pa t37950 l3">as </span><span class="pp-class-166 pa t37950 l2424 ls1122">well </span><span class="pp-class-166 pa t37950 l5438">as </span><span class="pp-class-166 pa t37950 l5439 ls75">other </span><span class="pp-class-166 pa t37950 l37951">selling </span><span class="pp-class-166 pa t37950 l30020">and </span><span class="pp-class-166 pa t37950 l37952 ls154">administrative </span><span class="pp-class-166 pa t37950 l33283 ls2540">costs, </span><span class="pp-class-166 pa t37950 l37953 ls48">less </span><span class="pp-class-166 pa t37950 l3880 ls1129">costs </span><span class="pp-class-166 pa t37950 l12458 ls228">transferred </span><span class="pp-class-166 pa t37950 l37954 ls135">to </span><span class="pp-class-166 pa t37955 l3 ls1575">direct </span><span class="pp-class-166 pa t37955 l15470 ls1129">costs.</span></p></div></div><div id="pp-id-4350" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37956 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2688">Other </span><span class="pp-class-170 pa t34823 l12904 ls2275">external </span><span class="pp-class-170 pa t34823 l37957 ls4132">costs</span><span class="pp-class-166 pa t34823 l37958"/><span class="pp-class-166 pa t34823 l37959">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3">Other </span><span class="pp-class-166 pa t34827 l4385 ls59">external </span><span class="pp-class-166 pa t34827 l13173 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37933">21,468</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28139">12,099</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls4142">Transferred </span><span class="pp-class-166 pa t35090 l37960 ls135">to </span><span class="pp-class-166 pa t35090 l37961 ls1575">direct </span><span class="pp-class-166 pa t35090 l37962 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37963">(12,023)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37964">(7,447)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37966 ls2690">9,445</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37967 ls2690">4,652</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4351" xmlns="http://www.w3.org/1999/xhtml"><div class="w37968 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.5 </span><span class="pp-class-169 pa t254 l37093 ls37969">Staff </span><span class="pp-class-169 pa t254 l37970 ls37894">costs</span></p></div></div><div id="pp-id-4352" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37971 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37972 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37972 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37973 l3 ls826">Staff </span><span class="pp-class-166 pa t37973 l616 ls1129">costs </span><span class="pp-class-166 pa t37973 l37974 ls234">comprise </span><span class="pp-class-166 pa t37973 l21048">salaries </span><span class="pp-class-166 pa t37973 l37975">and </span><span class="pp-class-166 pa t37973 l5057 ls704">wages, </span><span class="pp-class-166 pa t37973 l37976">pension </span><span class="pp-class-166 pa t37973 l37977 ls2540">costs, </span><span class="pp-class-166 pa t37973 l37978">social </span><span class="pp-class-166 pa t37973 l23821 ls1617">security </span><span class="pp-class-166 pa t37973 l37979 ls2540">costs, </span><span class="pp-class-166 pa t37980 l3 ls1129">costs </span><span class="pp-class-166 pa t37980 l37981 ls66">relating </span><span class="pp-class-166 pa t37980 l37982 ls135">to </span><span class="pp-class-166 pa t37980 l13221 ls497">share </span><span class="pp-class-166 pa t37980 l37983">options </span><span class="pp-class-166 pa t37980 l7197">schemes </span><span class="pp-class-166 pa t37980 l37340">and </span><span class="pp-class-166 pa t37980 l19849 ls75">other </span><span class="pp-class-166 pa t37980 l37984 ls1575">staff </span><span class="pp-class-166 pa t37980 l37985 ls1129">costs </span><span class="pp-class-166 pa t37980 l4239 ls228">for </span><span class="pp-class-166 pa t37980 l37986">salaried </span><span class="pp-class-166 pa t37987 l3">employees. </span><span class="pp-class-166 pa t37987 l30144 ls826">Staff </span><span class="pp-class-166 pa t37987 l37988 ls1129">costs </span><span class="pp-class-166 pa t37987 l37989 ls228">for </span><span class="pp-class-166 pa t37987 l37990">hourly </span><span class="pp-class-166 pa t37987 l19006 ls740">workers, </span><span class="pp-class-166 pa t37987 l37991 ls564">recognised </span><span class="pp-class-166 pa t37987 l37992">as </span><span class="pp-class-166 pa t37987 l37993 ls1575">direct </span><span class="pp-class-166 pa t37987 l37994 ls2540">costs, </span><span class="pp-class-166 pa t37995 l3 ls228">are </span><span class="pp-class-166 pa t37995 l2357 ls851">excluded.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37996 l3 ls2487">Reference </span><span class="pp-class-166 pa t37996 l37997">is </span><span class="pp-class-166 pa t37996 l37998">made </span><span class="pp-class-166 pa t37996 l37999 ls135">to </span><span class="pp-class-171 pa t37996 l38000 ls73">note </span><span class="pp-class-171 pa t37996 l23017">3.7</span><span class="pp-class-166 pa t37996 l38001"/><span class="pp-class-166 pa t37996 l33409 ls228">for </span><span class="pp-class-166 pa t37996 l38002 ls1217">detailed </span><span class="pp-class-166 pa t37996 l38003 ls740">information </span><span class="pp-class-166 pa t37996 l38004 ls267">regarding </span><span class="pp-class-166 pa t37996 l38005">pensions </span><span class="pp-class-166 pa t38006 l3">and </span><span class="pp-class-166 pa t38006 l1192 ls75">other </span><span class="pp-class-166 pa t38006 l15371 ls394">post-employment </span><span class="pp-class-166 pa t38006 l38007">benefit </span><span class="pp-class-166 pa t38006 l38008">plans, </span><span class="pp-class-171 pa t38006 l38009 ls73">note </span><span class="pp-class-171 pa t38006 l26256">6.3</span><span class="pp-class-171 pa t38006 l38010"/><span class="pp-class-166 pa t38006 l38011 ls228">for </span><span class="pp-class-166 pa t38006 l38012 ls740">information </span><span class="pp-class-166 pa t38006 l34642">on </span><span class="pp-class-166 pa t38006 l38013 ls267">remu-</span><span class="pp-class-166 pa t38014 l3 ls740">neration </span><span class="pp-class-166 pa t38014 l38015">of </span><span class="pp-class-166 pa t38014 l38016">the </span><span class="pp-class-166 pa t38014 l38017 ls93">Executive </span><span class="pp-class-166 pa t38014 l15049 ls497">Board </span><span class="pp-class-166 pa t38014 l13731">and </span><span class="pp-class-166 pa t38014 l34659">the </span><span class="pp-class-166 pa t38014 l38018 ls497">Board </span><span class="pp-class-166 pa t38014 l38019">of </span><span class="pp-class-166 pa t38014 l38020 ls826">Directors </span><span class="pp-class-166 pa t38014 l38021">and </span><span class="pp-class-171 pa t38014 l38022 ls73">note </span><span class="pp-class-171 pa t38014 l38023">6.2</span><span class="pp-class-166 pa t38014 l38024"/><span class="pp-class-166 pa t38014 l38025 ls228">for </span><span class="pp-class-166 pa t38026 l3 ls1217">detailed </span><span class="pp-class-166 pa t38026 l1975 ls740">information </span><span class="pp-class-166 pa t38026 l38027">on </span><span class="pp-class-166 pa t38026 l38028">the </span><span class="pp-class-166 pa t38026 l38029 ls1165">Group’s </span><span class="pp-class-166 pa t38026 l2625 ls497">share </span><span class="pp-class-166 pa t38026 l26496">option </span><span class="pp-class-166 pa t38026 l38030">schemes.</span></p></div></div><div class="pp-class-4" id="pp-id-4353" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38031 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls6991">Staff </span><span class="pp-class-170 pa t34823 l21687 ls4132">costs</span><span class="pp-class-166 pa t34823 l38032"/><span class="pp-class-166 pa t34823 l24544 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3">Salaries </span><span class="pp-class-166 pa t34827 l38033">and </span><span class="pp-class-166 pa t34827 l38034 ls704">wages, </span><span class="pp-class-166 pa t34827 l38035 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37933">37,024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28139">20,300</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3">Defined </span><span class="pp-class-166 pa t35090 l8729 ls428">contribution </span><span class="pp-class-166 pa t35090 l23918">pension </span><span class="pp-class-166 pa t35090 l12143">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">1,780</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">823</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">Defined </span><span class="pp-class-166 pa t35092 l8729">benefit </span><span class="pp-class-166 pa t35092 l34161">pension </span><span class="pp-class-166 pa t35092 l26570">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28210">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3">Other </span><span class="pp-class-166 pa t35098 l4385">social </span><span class="pp-class-166 pa t35098 l38037 ls1617">security </span><span class="pp-class-166 pa t35098 l38038 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l37867">5,908</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28456">3,190</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls740">Share-based </span><span class="pp-class-166 pa t35099 l35035">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l38036">359</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28132">327</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l38039 ls2688">45,185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l38040 ls2688">24,690</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t35172 l3 ls2307">Statement </span><span class="pp-class-172 pa t35172 l36745">of </span><span class="pp-class-172 pa t35172 l13838 ls2236">profit </span><span class="pp-class-172 pa t35172 l38041">or </span><span class="pp-class-172 pa t35172 l38042 ls461">loss </span><span class="pp-class-172 pa t35172 l38043 ls461">classification:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l3">Hourly </span><span class="pp-class-166 pa t35173 l38044 ls59">workers </span><span class="pp-class-166 pa t35173 l38045">– </span><span class="pp-class-166 pa t35173 l38046 ls564">recognised </span><span class="pp-class-166 pa t35173 l38047">as </span><span class="pp-class-166 pa t35173 l38048 ls1575">direct </span><span class="pp-class-166 pa t35173 l38049 ls1129">costs </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l37933">16,015</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l28456">8,199</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l3">Salaried </span><span class="pp-class-166 pa t35174 l30373">employees </span><span class="pp-class-166 pa t35174 l26167">– </span><span class="pp-class-166 pa t35174 l38050 ls564">recognised </span><span class="pp-class-166 pa t35174 l38051">as </span><span class="pp-class-166 pa t35174 l38052 ls1575">staff </span><span class="pp-class-166 pa t35174 l38053 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l37933">29,170</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l28139">16,491</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l38039 ls2688">45,185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l38040 ls2688">24,690</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l3 ls10535">Weighted </span><span class="pp-class-166 pa t38054 l23174 ls12193">average </span><span class="pp-class-166 pa t38054 l38055 ls3050">number </span><span class="pp-class-166 pa t38054 l15449 ls13149">of </span><span class="pp-class-166 pa t38054 l6622 ls1165">FTEs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l37864">136,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l28139">73,892</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l3">Number </span><span class="pp-class-166 pa t35198 l8735">of </span><span class="pp-class-166 pa t35198 l13206 ls2390">FTEs </span><span class="pp-class-166 pa t35198 l25759">at </span><span class="pp-class-166 pa t35198 l28659 ls218">year-end</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l37864">151,751</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l28139">73,338</span></p></td></tr></table></div></div> <div id="pp-id-4346" xmlns="http://www.w3.org/1999/xhtml"><div class="w37895 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37896 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37896 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37897 l3 ls1575">Direct </span><span class="pp-class-166 pa t37897 l13166 ls1129">costs </span><span class="pp-class-166 pa t37897 l7268 ls234">comprise </span><span class="pp-class-166 pa t37897 l37898 ls1129">costs </span><span class="pp-class-166 pa t37897 l37899">paid </span><span class="pp-class-166 pa t37897 l22388 ls135">to </span><span class="pp-class-166 pa t37897 l14315 ls3962">generate </span><span class="pp-class-166 pa t37897 l37900">the </span><span class="pp-class-166 pa t37897 l4951 ls1528">revenue. </span><span class="pp-class-166 pa t37897 l37901 ls1575">Direct </span><span class="pp-class-166 pa t37897 l37902 ls1129">costs </span><span class="pp-class-166 pa t37897 l37903">include </span><span class="pp-class-166 pa t37904 l3 ls1026">settlement </span><span class="pp-class-166 pa t37904 l37905">of </span><span class="pp-class-166 pa t37904 l37906 ls1740">accounts </span><span class="pp-class-166 pa t37904 l14560">with </span><span class="pp-class-166 pa t37904 l26646">haulage </span><span class="pp-class-166 pa t37904 l37907 ls59">contractors, </span><span class="pp-class-166 pa t37904 l37908">shipping </span><span class="pp-class-166 pa t37904 l37909 ls923">companies, </span><span class="pp-class-166 pa t37904 l37910">airlines, </span><span class="pp-class-166 pa t37911 l3 ls1831">etc. </span><span class="pp-class-166 pa t37911 l37912 ls1575">Direct </span><span class="pp-class-166 pa t37911 l14330 ls1129">costs </span><span class="pp-class-166 pa t37911 l2497">also </span><span class="pp-class-166 pa t37911 l37913">include </span><span class="pp-class-166 pa t37911 l2997 ls1575">staff </span><span class="pp-class-166 pa t37911 l5760 ls1129">costs </span><span class="pp-class-166 pa t37911 l37914 ls66">relating </span><span class="pp-class-166 pa t37911 l37915 ls135">to </span><span class="pp-class-166 pa t37911 l37916">hourly </span><span class="pp-class-166 pa t37911 l7510 ls59">workers </span><span class="pp-class-166 pa t37911 l37917">used </span><span class="pp-class-166 pa t37911 l37918 ls228">for </span><span class="pp-class-166 pa t37919 l3">fulfilling </span><span class="pp-class-166 pa t37919 l37920 ls564">orders </span><span class="pp-class-166 pa t37919 l37921">and </span><span class="pp-class-166 pa t37919 l31359 ls75">other </span><span class="pp-class-166 pa t37919 l7639 ls1575">direct </span><span class="pp-class-166 pa t37919 l37922 ls1129">costs </span><span class="pp-class-166 pa t37919 l13032">of </span><span class="pp-class-166 pa t37919 l37923 ls154">operation, </span><span class="pp-class-166 pa t37919 l16192">such </span><span class="pp-class-166 pa t37919 l2017">as </span><span class="pp-class-166 pa t37919 l37924 ls1674">rental </span><span class="pp-class-166 pa t37919 l37925">of </span><span class="pp-class-166 pa t37919 l37926 ls1452">logistics </span><span class="pp-class-166 pa t37927 l3 ls187">facilities </span><span class="pp-class-166 pa t37927 l10844">and </span><span class="pp-class-166 pa t37927 l33425 ls1129">costs </span><span class="pp-class-166 pa t37927 l9804 ls66">relating </span><span class="pp-class-166 pa t37927 l13460 ls135">to </span><span class="pp-class-166 pa t37927 l37928 ls552">property </span><span class="pp-class-166 pa t37927 l22039 ls461">projects.</span></p></div></div><div class="pp-class-4" id="pp-id-4349" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37938 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37939 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37939 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37940 l3">Other </span><span class="pp-class-166 pa t37940 l4385 ls59">external </span><span class="pp-class-166 pa t37940 l13173 ls1129">costs </span><span class="pp-class-166 pa t37940 l26575 ls234">comprise </span><span class="pp-class-166 pa t37940 l37941 ls1129">costs </span><span class="pp-class-166 pa t37940 l28999 ls66">relating </span><span class="pp-class-166 pa t37940 l30655 ls135">to </span><span class="pp-class-166 pa t37940 l37942 ls13624">IT, </span><span class="pp-class-166 pa t37940 l37943 ls455">marketing, </span><span class="pp-class-166 pa t37940 l37944 ls2022">consultants, </span><span class="pp-class-166 pa t37945 l3 ls75">other </span><span class="pp-class-166 pa t37945 l1276 ls1831">rent, </span><span class="pp-class-166 pa t37945 l28279 ls740">training </span><span class="pp-class-166 pa t37945 l37946">and </span><span class="pp-class-166 pa t37945 l37947 ls1026">education, </span><span class="pp-class-166 pa t37945 l37948 ls93">office </span><span class="pp-class-166 pa t37945 l37949 ls851">premises, </span><span class="pp-class-166 pa t37945 l27991 ls394">travelling, </span><span class="pp-class-166 pa t37945 l30543 ls1761">communications </span><span class="pp-class-166 pa t37950 l3">as </span><span class="pp-class-166 pa t37950 l2424 ls1122">well </span><span class="pp-class-166 pa t37950 l5438">as </span><span class="pp-class-166 pa t37950 l5439 ls75">other </span><span class="pp-class-166 pa t37950 l37951">selling </span><span class="pp-class-166 pa t37950 l30020">and </span><span class="pp-class-166 pa t37950 l37952 ls154">administrative </span><span class="pp-class-166 pa t37950 l33283 ls2540">costs, </span><span class="pp-class-166 pa t37950 l37953 ls48">less </span><span class="pp-class-166 pa t37950 l3880 ls1129">costs </span><span class="pp-class-166 pa t37950 l12458 ls228">transferred </span><span class="pp-class-166 pa t37950 l37954 ls135">to </span><span class="pp-class-166 pa t37955 l3 ls1575">direct </span><span class="pp-class-166 pa t37955 l15470 ls1129">costs.</span></p></div></div><div id="pp-id-4352" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37971 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37972 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37972 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37973 l3 ls826">Staff </span><span class="pp-class-166 pa t37973 l616 ls1129">costs </span><span class="pp-class-166 pa t37973 l37974 ls234">comprise </span><span class="pp-class-166 pa t37973 l21048">salaries </span><span class="pp-class-166 pa t37973 l37975">and </span><span class="pp-class-166 pa t37973 l5057 ls704">wages, </span><span class="pp-class-166 pa t37973 l37976">pension </span><span class="pp-class-166 pa t37973 l37977 ls2540">costs, </span><span class="pp-class-166 pa t37973 l37978">social </span><span class="pp-class-166 pa t37973 l23821 ls1617">security </span><span class="pp-class-166 pa t37973 l37979 ls2540">costs, </span><span class="pp-class-166 pa t37980 l3 ls1129">costs </span><span class="pp-class-166 pa t37980 l37981 ls66">relating </span><span class="pp-class-166 pa t37980 l37982 ls135">to </span><span class="pp-class-166 pa t37980 l13221 ls497">share </span><span class="pp-class-166 pa t37980 l37983">options </span><span class="pp-class-166 pa t37980 l7197">schemes </span><span class="pp-class-166 pa t37980 l37340">and </span><span class="pp-class-166 pa t37980 l19849 ls75">other </span><span class="pp-class-166 pa t37980 l37984 ls1575">staff </span><span class="pp-class-166 pa t37980 l37985 ls1129">costs </span><span class="pp-class-166 pa t37980 l4239 ls228">for </span><span class="pp-class-166 pa t37980 l37986">salaried </span><span class="pp-class-166 pa t37987 l3">employees. </span><span class="pp-class-166 pa t37987 l30144 ls826">Staff </span><span class="pp-class-166 pa t37987 l37988 ls1129">costs </span><span class="pp-class-166 pa t37987 l37989 ls228">for </span><span class="pp-class-166 pa t37987 l37990">hourly </span><span class="pp-class-166 pa t37987 l19006 ls740">workers, </span><span class="pp-class-166 pa t37987 l37991 ls564">recognised </span><span class="pp-class-166 pa t37987 l37992">as </span><span class="pp-class-166 pa t37987 l37993 ls1575">direct </span><span class="pp-class-166 pa t37987 l37994 ls2540">costs, </span><span class="pp-class-166 pa t37995 l3 ls228">are </span><span class="pp-class-166 pa t37995 l2357 ls851">excluded.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37996 l3 ls2487">Reference </span><span class="pp-class-166 pa t37996 l37997">is </span><span class="pp-class-166 pa t37996 l37998">made </span><span class="pp-class-166 pa t37996 l37999 ls135">to </span><span class="pp-class-171 pa t37996 l38000 ls73">note </span><span class="pp-class-171 pa t37996 l23017">3.7</span><span class="pp-class-166 pa t37996 l38001"/><span class="pp-class-166 pa t37996 l33409 ls228">for </span><span class="pp-class-166 pa t37996 l38002 ls1217">detailed </span><span class="pp-class-166 pa t37996 l38003 ls740">information </span><span class="pp-class-166 pa t37996 l38004 ls267">regarding </span><span class="pp-class-166 pa t37996 l38005">pensions </span><span class="pp-class-166 pa t38006 l3">and </span><span class="pp-class-166 pa t38006 l1192 ls75">other </span><span class="pp-class-166 pa t38006 l15371 ls394">post-employment </span><span class="pp-class-166 pa t38006 l38007">benefit </span><span class="pp-class-166 pa t38006 l38008">plans, </span><span class="pp-class-171 pa t38006 l38009 ls73">note </span><span class="pp-class-171 pa t38006 l26256">6.3</span><span class="pp-class-171 pa t38006 l38010"/><span class="pp-class-166 pa t38006 l38011 ls228">for </span><span class="pp-class-166 pa t38006 l38012 ls740">information </span><span class="pp-class-166 pa t38006 l34642">on </span><span class="pp-class-166 pa t38006 l38013 ls267">remu-</span><span class="pp-class-166 pa t38014 l3 ls740">neration </span><span class="pp-class-166 pa t38014 l38015">of </span><span class="pp-class-166 pa t38014 l38016">the </span><span class="pp-class-166 pa t38014 l38017 ls93">Executive </span><span class="pp-class-166 pa t38014 l15049 ls497">Board </span><span class="pp-class-166 pa t38014 l13731">and </span><span class="pp-class-166 pa t38014 l34659">the </span><span class="pp-class-166 pa t38014 l38018 ls497">Board </span><span class="pp-class-166 pa t38014 l38019">of </span><span class="pp-class-166 pa t38014 l38020 ls826">Directors </span><span class="pp-class-166 pa t38014 l38021">and </span><span class="pp-class-171 pa t38014 l38022 ls73">note </span><span class="pp-class-171 pa t38014 l38023">6.2</span><span class="pp-class-166 pa t38014 l38024"/><span class="pp-class-166 pa t38014 l38025 ls228">for </span><span class="pp-class-166 pa t38026 l3 ls1217">detailed </span><span class="pp-class-166 pa t38026 l1975 ls740">information </span><span class="pp-class-166 pa t38026 l38027">on </span><span class="pp-class-166 pa t38026 l38028">the </span><span class="pp-class-166 pa t38026 l38029 ls1165">Group’s </span><span class="pp-class-166 pa t38026 l2625 ls497">share </span><span class="pp-class-166 pa t38026 l26496">option </span><span class="pp-class-166 pa t38026 l38030">schemes.</span></p></div></div> <div class="pp-class-4" id="pp-id-4348" xmlns="http://www.w3.org/1999/xhtml"><div class="w37935 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.4 </span><span class="pp-class-169 pa t254 l37093 ls1181">Other </span><span class="pp-class-169 pa t254 l37936 ls19185">external </span><span class="pp-class-169 pa t254 l37937 ls37894">costs</span></p></div></div><div class="pp-class-4" id="pp-id-4349" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37938 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37939 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37939 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37940 l3">Other </span><span class="pp-class-166 pa t37940 l4385 ls59">external </span><span class="pp-class-166 pa t37940 l13173 ls1129">costs </span><span class="pp-class-166 pa t37940 l26575 ls234">comprise </span><span class="pp-class-166 pa t37940 l37941 ls1129">costs </span><span class="pp-class-166 pa t37940 l28999 ls66">relating </span><span class="pp-class-166 pa t37940 l30655 ls135">to </span><span class="pp-class-166 pa t37940 l37942 ls13624">IT, </span><span class="pp-class-166 pa t37940 l37943 ls455">marketing, </span><span class="pp-class-166 pa t37940 l37944 ls2022">consultants, </span><span class="pp-class-166 pa t37945 l3 ls75">other </span><span class="pp-class-166 pa t37945 l1276 ls1831">rent, </span><span class="pp-class-166 pa t37945 l28279 ls740">training </span><span class="pp-class-166 pa t37945 l37946">and </span><span class="pp-class-166 pa t37945 l37947 ls1026">education, </span><span class="pp-class-166 pa t37945 l37948 ls93">office </span><span class="pp-class-166 pa t37945 l37949 ls851">premises, </span><span class="pp-class-166 pa t37945 l27991 ls394">travelling, </span><span class="pp-class-166 pa t37945 l30543 ls1761">communications </span><span class="pp-class-166 pa t37950 l3">as </span><span class="pp-class-166 pa t37950 l2424 ls1122">well </span><span class="pp-class-166 pa t37950 l5438">as </span><span class="pp-class-166 pa t37950 l5439 ls75">other </span><span class="pp-class-166 pa t37950 l37951">selling </span><span class="pp-class-166 pa t37950 l30020">and </span><span class="pp-class-166 pa t37950 l37952 ls154">administrative </span><span class="pp-class-166 pa t37950 l33283 ls2540">costs, </span><span class="pp-class-166 pa t37950 l37953 ls48">less </span><span class="pp-class-166 pa t37950 l3880 ls1129">costs </span><span class="pp-class-166 pa t37950 l12458 ls228">transferred </span><span class="pp-class-166 pa t37950 l37954 ls135">to </span><span class="pp-class-166 pa t37955 l3 ls1575">direct </span><span class="pp-class-166 pa t37955 l15470 ls1129">costs.</span></p></div></div><div id="pp-id-4350" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37956 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2688">Other </span><span class="pp-class-170 pa t34823 l12904 ls2275">external </span><span class="pp-class-170 pa t34823 l37957 ls4132">costs</span><span class="pp-class-166 pa t34823 l37958"/><span class="pp-class-166 pa t34823 l37959">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3">Other </span><span class="pp-class-166 pa t34827 l4385 ls59">external </span><span class="pp-class-166 pa t34827 l13173 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37933">21,468</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28139">12,099</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls4142">Transferred </span><span class="pp-class-166 pa t35090 l37960 ls135">to </span><span class="pp-class-166 pa t35090 l37961 ls1575">direct </span><span class="pp-class-166 pa t35090 l37962 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37963">(12,023)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37964">(7,447)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37966 ls2690">9,445</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37967 ls2690">4,652</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4351" xmlns="http://www.w3.org/1999/xhtml"><div class="w37968 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.5 </span><span class="pp-class-169 pa t254 l37093 ls37969">Staff </span><span class="pp-class-169 pa t254 l37970 ls37894">costs</span></p></div></div><div id="pp-id-4352" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37971 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37972 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37972 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37973 l3 ls826">Staff </span><span class="pp-class-166 pa t37973 l616 ls1129">costs </span><span class="pp-class-166 pa t37973 l37974 ls234">comprise </span><span class="pp-class-166 pa t37973 l21048">salaries </span><span class="pp-class-166 pa t37973 l37975">and </span><span class="pp-class-166 pa t37973 l5057 ls704">wages, </span><span class="pp-class-166 pa t37973 l37976">pension </span><span class="pp-class-166 pa t37973 l37977 ls2540">costs, </span><span class="pp-class-166 pa t37973 l37978">social </span><span class="pp-class-166 pa t37973 l23821 ls1617">security </span><span class="pp-class-166 pa t37973 l37979 ls2540">costs, </span><span class="pp-class-166 pa t37980 l3 ls1129">costs </span><span class="pp-class-166 pa t37980 l37981 ls66">relating </span><span class="pp-class-166 pa t37980 l37982 ls135">to </span><span class="pp-class-166 pa t37980 l13221 ls497">share </span><span class="pp-class-166 pa t37980 l37983">options </span><span class="pp-class-166 pa t37980 l7197">schemes </span><span class="pp-class-166 pa t37980 l37340">and </span><span class="pp-class-166 pa t37980 l19849 ls75">other </span><span class="pp-class-166 pa t37980 l37984 ls1575">staff </span><span class="pp-class-166 pa t37980 l37985 ls1129">costs </span><span class="pp-class-166 pa t37980 l4239 ls228">for </span><span class="pp-class-166 pa t37980 l37986">salaried </span><span class="pp-class-166 pa t37987 l3">employees. </span><span class="pp-class-166 pa t37987 l30144 ls826">Staff </span><span class="pp-class-166 pa t37987 l37988 ls1129">costs </span><span class="pp-class-166 pa t37987 l37989 ls228">for </span><span class="pp-class-166 pa t37987 l37990">hourly </span><span class="pp-class-166 pa t37987 l19006 ls740">workers, </span><span class="pp-class-166 pa t37987 l37991 ls564">recognised </span><span class="pp-class-166 pa t37987 l37992">as </span><span class="pp-class-166 pa t37987 l37993 ls1575">direct </span><span class="pp-class-166 pa t37987 l37994 ls2540">costs, </span><span class="pp-class-166 pa t37995 l3 ls228">are </span><span class="pp-class-166 pa t37995 l2357 ls851">excluded.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37996 l3 ls2487">Reference </span><span class="pp-class-166 pa t37996 l37997">is </span><span class="pp-class-166 pa t37996 l37998">made </span><span class="pp-class-166 pa t37996 l37999 ls135">to </span><span class="pp-class-171 pa t37996 l38000 ls73">note </span><span class="pp-class-171 pa t37996 l23017">3.7</span><span class="pp-class-166 pa t37996 l38001"/><span class="pp-class-166 pa t37996 l33409 ls228">for </span><span class="pp-class-166 pa t37996 l38002 ls1217">detailed </span><span class="pp-class-166 pa t37996 l38003 ls740">information </span><span class="pp-class-166 pa t37996 l38004 ls267">regarding </span><span class="pp-class-166 pa t37996 l38005">pensions </span><span class="pp-class-166 pa t38006 l3">and </span><span class="pp-class-166 pa t38006 l1192 ls75">other </span><span class="pp-class-166 pa t38006 l15371 ls394">post-employment </span><span class="pp-class-166 pa t38006 l38007">benefit </span><span class="pp-class-166 pa t38006 l38008">plans, </span><span class="pp-class-171 pa t38006 l38009 ls73">note </span><span class="pp-class-171 pa t38006 l26256">6.3</span><span class="pp-class-171 pa t38006 l38010"/><span class="pp-class-166 pa t38006 l38011 ls228">for </span><span class="pp-class-166 pa t38006 l38012 ls740">information </span><span class="pp-class-166 pa t38006 l34642">on </span><span class="pp-class-166 pa t38006 l38013 ls267">remu-</span><span class="pp-class-166 pa t38014 l3 ls740">neration </span><span class="pp-class-166 pa t38014 l38015">of </span><span class="pp-class-166 pa t38014 l38016">the </span><span class="pp-class-166 pa t38014 l38017 ls93">Executive </span><span class="pp-class-166 pa t38014 l15049 ls497">Board </span><span class="pp-class-166 pa t38014 l13731">and </span><span class="pp-class-166 pa t38014 l34659">the </span><span class="pp-class-166 pa t38014 l38018 ls497">Board </span><span class="pp-class-166 pa t38014 l38019">of </span><span class="pp-class-166 pa t38014 l38020 ls826">Directors </span><span class="pp-class-166 pa t38014 l38021">and </span><span class="pp-class-171 pa t38014 l38022 ls73">note </span><span class="pp-class-171 pa t38014 l38023">6.2</span><span class="pp-class-166 pa t38014 l38024"/><span class="pp-class-166 pa t38014 l38025 ls228">for </span><span class="pp-class-166 pa t38026 l3 ls1217">detailed </span><span class="pp-class-166 pa t38026 l1975 ls740">information </span><span class="pp-class-166 pa t38026 l38027">on </span><span class="pp-class-166 pa t38026 l38028">the </span><span class="pp-class-166 pa t38026 l38029 ls1165">Group’s </span><span class="pp-class-166 pa t38026 l2625 ls497">share </span><span class="pp-class-166 pa t38026 l26496">option </span><span class="pp-class-166 pa t38026 l38030">schemes.</span></p></div></div><div class="pp-class-4" id="pp-id-4353" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38031 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls6991">Staff </span><span class="pp-class-170 pa t34823 l21687 ls4132">costs</span><span class="pp-class-166 pa t34823 l38032"/><span class="pp-class-166 pa t34823 l24544 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3">Salaries </span><span class="pp-class-166 pa t34827 l38033">and </span><span class="pp-class-166 pa t34827 l38034 ls704">wages, </span><span class="pp-class-166 pa t34827 l38035 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37933">37,024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28139">20,300</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3">Defined </span><span class="pp-class-166 pa t35090 l8729 ls428">contribution </span><span class="pp-class-166 pa t35090 l23918">pension </span><span class="pp-class-166 pa t35090 l12143">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">1,780</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">823</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">Defined </span><span class="pp-class-166 pa t35092 l8729">benefit </span><span class="pp-class-166 pa t35092 l34161">pension </span><span class="pp-class-166 pa t35092 l26570">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28210">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3">Other </span><span class="pp-class-166 pa t35098 l4385">social </span><span class="pp-class-166 pa t35098 l38037 ls1617">security </span><span class="pp-class-166 pa t35098 l38038 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l37867">5,908</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28456">3,190</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls740">Share-based </span><span class="pp-class-166 pa t35099 l35035">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l38036">359</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28132">327</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l38039 ls2688">45,185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l38040 ls2688">24,690</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t35172 l3 ls2307">Statement </span><span class="pp-class-172 pa t35172 l36745">of </span><span class="pp-class-172 pa t35172 l13838 ls2236">profit </span><span class="pp-class-172 pa t35172 l38041">or </span><span class="pp-class-172 pa t35172 l38042 ls461">loss </span><span class="pp-class-172 pa t35172 l38043 ls461">classification:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l3">Hourly </span><span class="pp-class-166 pa t35173 l38044 ls59">workers </span><span class="pp-class-166 pa t35173 l38045">– </span><span class="pp-class-166 pa t35173 l38046 ls564">recognised </span><span class="pp-class-166 pa t35173 l38047">as </span><span class="pp-class-166 pa t35173 l38048 ls1575">direct </span><span class="pp-class-166 pa t35173 l38049 ls1129">costs </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l37933">16,015</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l28456">8,199</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l3">Salaried </span><span class="pp-class-166 pa t35174 l30373">employees </span><span class="pp-class-166 pa t35174 l26167">– </span><span class="pp-class-166 pa t35174 l38050 ls564">recognised </span><span class="pp-class-166 pa t35174 l38051">as </span><span class="pp-class-166 pa t35174 l38052 ls1575">staff </span><span class="pp-class-166 pa t35174 l38053 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l37933">29,170</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l28139">16,491</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l38039 ls2688">45,185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l38040 ls2688">24,690</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l3 ls10535">Weighted </span><span class="pp-class-166 pa t38054 l23174 ls12193">average </span><span class="pp-class-166 pa t38054 l38055 ls3050">number </span><span class="pp-class-166 pa t38054 l15449 ls13149">of </span><span class="pp-class-166 pa t38054 l6622 ls1165">FTEs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l37864">136,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l28139">73,892</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l3">Number </span><span class="pp-class-166 pa t35198 l8735">of </span><span class="pp-class-166 pa t35198 l13206 ls2390">FTEs </span><span class="pp-class-166 pa t35198 l25759">at </span><span class="pp-class-166 pa t35198 l28659 ls218">year-end</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l37864">151,751</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l28139">73,338</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4406" xmlns="http://www.w3.org/1999/xhtml"><div class="w40032 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.7 </span><span class="pp-class-169 pa t254 l37093 ls3930">Pensions </span><span class="pp-class-169 pa t254 l40033 ls6611">and </span><span class="pp-class-169 pa t254 l40034 ls1181">other </span><span class="pp-class-169 pa t254 l40035 ls35162">post-employment </span><span class="pp-class-169 pa t254 l40036 ls40037">benefit </span><span class="pp-class-169 pa t254 l40038 ls15736">plans</span></p></div></div><div class="pp-class-4" id="pp-id-4407" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40039 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40040 l3 ls5287">Accounting </span><span class="pp-class-170 pa t40040 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40041 l3 ls856">Pension </span><span class="pp-class-166 pa t40041 l1468">obligations </span><span class="pp-class-166 pa t40041 l3818 ls66">relating </span><span class="pp-class-166 pa t40041 l36993 ls135">to </span><span class="pp-class-166 pa t40041 l11412">defined </span><span class="pp-class-166 pa t40041 l29337 ls428">contribution </span><span class="pp-class-166 pa t40041 l40042">plans, </span><span class="pp-class-166 pa t40041 l40043">under </span><span class="pp-class-166 pa t40041 l40044">which </span><span class="pp-class-166 pa t40041 l40045">the </span><span class="pp-class-166 pa t40046 l3 ls497">Group </span><span class="pp-class-166 pa t40046 l1132 ls4015">pays </span><span class="pp-class-166 pa t40046 l40047 ls856">regular </span><span class="pp-class-166 pa t40046 l40048">pension </span><span class="pp-class-166 pa t40046 l40049 ls1575">contributions </span><span class="pp-class-166 pa t40046 l40050 ls135">to </span><span class="pp-class-166 pa t40046 l40051">independent </span><span class="pp-class-166 pa t40046 l40052">pension </span><span class="pp-class-166 pa t40046 l40053">funds, </span><span class="pp-class-166 pa t40046 l40054 ls228">are </span><span class="pp-class-166 pa t40055 l3 ls564">recognised </span><span class="pp-class-166 pa t40055 l39656">in </span><span class="pp-class-166 pa t40055 l40056">the </span><span class="pp-class-166 pa t40055 l40057 ls1122">statement </span><span class="pp-class-166 pa t40055 l40058">of </span><span class="pp-class-166 pa t40055 l40059 ls564">profit </span><span class="pp-class-166 pa t40055 l39120">or </span><span class="pp-class-166 pa t40055 l40060 ls48">loss </span><span class="pp-class-166 pa t40055 l13463 ls228">for </span><span class="pp-class-166 pa t40055 l37565">the </span><span class="pp-class-166 pa t40055 l2366">period </span><span class="pp-class-166 pa t40055 l40061">in </span><span class="pp-class-166 pa t40055 l31429">which </span><span class="pp-class-166 pa t40055 l40062 ls890">they </span><span class="pp-class-166 pa t40055 l40063 ls228">are </span><span class="pp-class-166 pa t40064 l3 ls455">earned. </span><span class="pp-class-166 pa t40064 l40065 ls158">Contributions </span><span class="pp-class-166 pa t40064 l40066 ls455">payable </span><span class="pp-class-166 pa t40064 l9832 ls228">are </span><span class="pp-class-166 pa t40064 l40067 ls564">recognised </span><span class="pp-class-166 pa t40064 l40068">in </span><span class="pp-class-166 pa t40064 l38619">the </span><span class="pp-class-166 pa t40064 l40069 ls1122">statement </span><span class="pp-class-166 pa t40064 l37635">of </span><span class="pp-class-166 pa t40064 l12585">financial </span><span class="pp-class-166 pa t40070 l3">position </span><span class="pp-class-166 pa t40070 l39262">under </span><span class="pp-class-166 pa t40070 l28350 ls75">other </span><span class="pp-class-166 pa t40070 l40071 ls702">current </span><span class="pp-class-166 pa t40070 l40072">liabilities.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40073 l3">In </span><span class="pp-class-166 pa t40073 l1589 ls228">regards </span><span class="pp-class-166 pa t40073 l26839 ls135">to </span><span class="pp-class-166 pa t40073 l40074">defined </span><span class="pp-class-166 pa t40073 l40075">benefit </span><span class="pp-class-166 pa t40073 l40076">plans, </span><span class="pp-class-166 pa t40073 l34257">an </span><span class="pp-class-166 pa t40073 l40077 ls2030">actuarial </span><span class="pp-class-166 pa t40073 l40078 ls394">valuation </span><span class="pp-class-166 pa t40073 l40079">of </span><span class="pp-class-166 pa t40073 l40080">the </span><span class="pp-class-166 pa t40073 l28283 ls856">present </span><span class="pp-class-166 pa t40073 l39001 ls101">value </span><span class="pp-class-166 pa t40081 l3">of </span><span class="pp-class-166 pa t40081 l2457 ls564">future </span><span class="pp-class-166 pa t40081 l13539">benefits </span><span class="pp-class-166 pa t40081 l40082 ls455">payable </span><span class="pp-class-166 pa t40081 l40083">under </span><span class="pp-class-166 pa t40081 l30054">the </span><span class="pp-class-166 pa t40081 l9833">plan </span><span class="pp-class-166 pa t40081 l40084">is </span><span class="pp-class-166 pa t40081 l40085">made </span><span class="pp-class-166 pa t40081 l40086 ls1122">once </span><span class="pp-class-166 pa t40081 l40087">a </span><span class="pp-class-166 pa t40081 l19533 ls1536">year. </span><span class="pp-class-166 pa t40081 l40088">The </span><span class="pp-class-166 pa t40081 l40089 ls856">present </span><span class="pp-class-166 pa t40081 l40090 ls1026">val-</span><span class="pp-class-166 pa t40091 l3">ue </span><span class="pp-class-166 pa t40091 l39995">is </span><span class="pp-class-166 pa t40091 l22196 ls2022">calculated </span><span class="pp-class-166 pa t40091 l40092">based </span><span class="pp-class-166 pa t40091 l33865">on </span><span class="pp-class-166 pa t40091 l2333 ls455">various </span><span class="pp-class-166 pa t40091 l40093 ls205">assumptions, </span><span class="pp-class-166 pa t40091 l40094">including </span><span class="pp-class-166 pa t40091 l40095">the </span><span class="pp-class-166 pa t40091 l40096 ls564">future </span><span class="pp-class-166 pa t40091 l40097 ls455">develop-</span><span class="pp-class-166 pa t40098 l3">ment </span><span class="pp-class-166 pa t40098 l5719">in </span><span class="pp-class-166 pa t40098 l40099 ls1761">wage/salary </span><span class="pp-class-166 pa t40098 l15191 ls455">levels, </span><span class="pp-class-166 pa t40098 l40100 ls135">interest </span><span class="pp-class-166 pa t40098 l4542 ls2870">rates, </span><span class="pp-class-166 pa t40098 l20854">inflation </span><span class="pp-class-166 pa t40098 l40101">and </span><span class="pp-class-166 pa t40098 l40102 ls461">mortality. </span><span class="pp-class-166 pa t40098 l40103">The </span><span class="pp-class-166 pa t40098 l40104 ls856">present </span><span class="pp-class-166 pa t40105 l3 ls101">value </span><span class="pp-class-166 pa t40105 l39466">is </span><span class="pp-class-166 pa t40105 l40106">only </span><span class="pp-class-166 pa t40105 l22178 ls2022">calculated </span><span class="pp-class-166 pa t40105 l9877 ls228">for </span><span class="pp-class-166 pa t40105 l40107">benefits </span><span class="pp-class-166 pa t40105 l6969 ls135">to </span><span class="pp-class-166 pa t40105 l40108">which </span><span class="pp-class-166 pa t40105 l40109">the </span><span class="pp-class-166 pa t40105 l10307">employees </span><span class="pp-class-166 pa t40105 l40110 ls48">have </span><span class="pp-class-166 pa t40105 l40111 ls740">become </span><span class="pp-class-166 pa t40105 l40112">enti-</span><span class="pp-class-166 pa t40113 l3">tled </span><span class="pp-class-166 pa t40113 l40114">during </span><span class="pp-class-166 pa t40113 l26928">their </span><span class="pp-class-166 pa t40113 l15639">employment </span><span class="pp-class-166 pa t40113 l40115">with </span><span class="pp-class-166 pa t40113 l40116">the </span><span class="pp-class-166 pa t40113 l40117 ls564">Group. </span><span class="pp-class-166 pa t40113 l40118">The </span><span class="pp-class-166 pa t40113 l40119 ls2030">actuarial </span><span class="pp-class-166 pa t40113 l39575 ls226">calculation </span><span class="pp-class-166 pa t40113 l40120">of </span><span class="pp-class-166 pa t40113 l40121">the </span><span class="pp-class-166 pa t40122 l3 ls856">present </span><span class="pp-class-166 pa t40122 l40123 ls101">value </span><span class="pp-class-166 pa t40122 l40124 ls48">less </span><span class="pp-class-166 pa t40122 l28391">the </span><span class="pp-class-166 pa t40122 l5280 ls2307">fair </span><span class="pp-class-166 pa t40122 l40125 ls101">value </span><span class="pp-class-166 pa t40122 l40126">of </span><span class="pp-class-166 pa t40122 l40127 ls4053">assets </span><span class="pp-class-166 pa t40122 l40128">under </span><span class="pp-class-166 pa t40122 l40129">the </span><span class="pp-class-166 pa t40122 l40130">plan </span><span class="pp-class-166 pa t40122 l40131">is </span><span class="pp-class-166 pa t40122 l40132 ls564">recognised </span><span class="pp-class-166 pa t40122 l40133">in </span><span class="pp-class-166 pa t40122 l40134">the </span><span class="pp-class-166 pa t40135 l3 ls1122">statement </span><span class="pp-class-166 pa t40135 l21945">of </span><span class="pp-class-166 pa t40135 l793">financial </span><span class="pp-class-166 pa t40135 l27781">position </span><span class="pp-class-166 pa t40135 l40136">under </span><span class="pp-class-166 pa t40135 l15308">pensions </span><span class="pp-class-166 pa t40135 l40137">and </span><span class="pp-class-166 pa t40135 l30553 ls75">other </span><span class="pp-class-166 pa t40135 l29231 ls394">post-employment </span><span class="pp-class-166 pa t40138 l3">benefit </span><span class="pp-class-166 pa t40138 l5126">plans. </span><span class="pp-class-166 pa t40138 l35115 ls856">Pension </span><span class="pp-class-166 pa t40138 l20780 ls1129">costs </span><span class="pp-class-166 pa t40138 l26409 ls228">for </span><span class="pp-class-166 pa t40138 l29112">the </span><span class="pp-class-166 pa t40138 l40139 ls48">year </span><span class="pp-class-166 pa t40138 l31138 ls228">are </span><span class="pp-class-166 pa t40138 l33726 ls564">recognised </span><span class="pp-class-166 pa t40138 l40140">in </span><span class="pp-class-166 pa t40138 l40141">the </span><span class="pp-class-166 pa t40138 l40142 ls1122">statement </span><span class="pp-class-166 pa t40138 l40143">of </span><span class="pp-class-166 pa t40144 l3 ls564">profit </span><span class="pp-class-166 pa t40144 l2892">or </span><span class="pp-class-166 pa t40144 l7001 ls48">loss </span><span class="pp-class-166 pa t40144 l18076">based </span><span class="pp-class-166 pa t40144 l6774">on </span><span class="pp-class-166 pa t40144 l39119 ls2030">actuarial </span><span class="pp-class-166 pa t40144 l40145 ls1217">estimates </span><span class="pp-class-166 pa t40144 l2439">and </span><span class="pp-class-166 pa t40144 l40146">the </span><span class="pp-class-166 pa t40144 l15485">financial </span><span class="pp-class-166 pa t40144 l40147">outlook </span><span class="pp-class-166 pa t40144 l40148">at </span><span class="pp-class-166 pa t40144 l40149">the </span><span class="pp-class-166 pa t40150 l3">beginning </span><span class="pp-class-166 pa t40150 l33617">of </span><span class="pp-class-166 pa t40150 l40151">the </span><span class="pp-class-166 pa t40150 l40152 ls2483">year.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40153 l3 ls52">Differences </span><span class="pp-class-166 pa t40153 l29956 ls946">between </span><span class="pp-class-166 pa t40153 l40154">the </span><span class="pp-class-166 pa t40153 l19492 ls2022">calculated </span><span class="pp-class-166 pa t40153 l40155 ls205">development </span><span class="pp-class-166 pa t40153 l33516">in </span><span class="pp-class-166 pa t40153 l9719">pension </span><span class="pp-class-166 pa t40153 l15204">plan </span><span class="pp-class-166 pa t40153 l40156 ls4053">assets </span><span class="pp-class-166 pa t40153 l40157">and </span><span class="pp-class-166 pa t40158 l3">liabilities </span><span class="pp-class-166 pa t40158 l6178">and </span><span class="pp-class-166 pa t40158 l16279">the </span><span class="pp-class-166 pa t40158 l5821 ls1528">realised </span><span class="pp-class-166 pa t40158 l40159 ls239">values </span><span class="pp-class-166 pa t40158 l40160 ls228">are </span><span class="pp-class-166 pa t40158 l40161 ls564">recognised </span><span class="pp-class-166 pa t40158 l10159">in </span><span class="pp-class-166 pa t40158 l31998 ls75">other </span><span class="pp-class-166 pa t40158 l12952 ls495">comprehensive </span><span class="pp-class-166 pa t40158 l40162 ls740">income </span><span class="pp-class-166 pa t40163 l3">as </span><span class="pp-class-166 pa t40163 l2424 ls2030">actuarial </span><span class="pp-class-166 pa t40163 l40164">gains </span><span class="pp-class-166 pa t40163 l40165">or </span><span class="pp-class-166 pa t40163 l22344 ls239">losses.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40166 l3">Changes </span><span class="pp-class-166 pa t40166 l6521">in </span><span class="pp-class-166 pa t40166 l35431">benefits </span><span class="pp-class-166 pa t40166 l5037 ls455">payable </span><span class="pp-class-166 pa t40166 l26600 ls228">for </span><span class="pp-class-166 pa t40166 l40167 ls7985">employees’ </span><span class="pp-class-166 pa t40166 l40168 ls461">past </span><span class="pp-class-166 pa t40166 l40169 ls457">services </span><span class="pp-class-166 pa t40166 l40170 ls135">to </span><span class="pp-class-166 pa t40166 l40171">the </span><span class="pp-class-166 pa t40166 l40172 ls187">company </span><span class="pp-class-166 pa t40166 l40173 ls564">result </span><span class="pp-class-166 pa t40174 l3">in </span><span class="pp-class-166 pa t40174 l1746">an </span><span class="pp-class-166 pa t40174 l40175 ls239">adjustment </span><span class="pp-class-166 pa t40174 l40176">of </span><span class="pp-class-166 pa t40174 l27210">the </span><span class="pp-class-166 pa t40174 l5627 ls2030">actuarial </span><span class="pp-class-166 pa t40174 l37603 ls226">calculation </span><span class="pp-class-166 pa t40174 l40177">of </span><span class="pp-class-166 pa t40174 l40178">the </span><span class="pp-class-166 pa t40174 l40179 ls856">present </span><span class="pp-class-166 pa t40174 l40180 ls239">value, </span><span class="pp-class-166 pa t40174 l40181">which </span><span class="pp-class-166 pa t40174 l40182">is </span><span class="pp-class-166 pa t40174 l40183">clas-</span><span class="pp-class-166 pa t40184 l3">sified </span><span class="pp-class-166 pa t40184 l40185">as </span><span class="pp-class-166 pa t40184 l31158 ls461">past </span><span class="pp-class-166 pa t40184 l13356 ls1915">service </span><span class="pp-class-166 pa t40184 l40186 ls2540">costs. </span><span class="pp-class-166 pa t40184 l40187 ls73">Past </span><span class="pp-class-166 pa t40184 l40188 ls1915">service </span><span class="pp-class-166 pa t40184 l40189 ls1129">costs </span><span class="pp-class-166 pa t40184 l40190 ls228">are </span><span class="pp-class-166 pa t40184 l5902 ls856">charged </span><span class="pp-class-166 pa t40184 l30569 ls135">to </span><span class="pp-class-166 pa t40184 l40191">the </span><span class="pp-class-166 pa t40184 l40192 ls1122">statement </span><span class="pp-class-166 pa t40193 l3">of </span><span class="pp-class-166 pa t40193 l2457 ls564">profit </span><span class="pp-class-166 pa t40193 l3710">or </span><span class="pp-class-166 pa t40193 l3711 ls48">loss </span><span class="pp-class-166 pa t40193 l3712 ls86">immediately </span><span class="pp-class-166 pa t40193 l40194">if </span><span class="pp-class-166 pa t40193 l30117">the </span><span class="pp-class-166 pa t40193 l30473">employees </span><span class="pp-class-166 pa t40193 l40195 ls48">have </span><span class="pp-class-166 pa t40193 l40196 ls1410">already </span><span class="pp-class-166 pa t40193 l40197 ls239">earned </span><span class="pp-class-166 pa t40193 l40198">the </span><span class="pp-class-166 pa t40193 l29146">right </span><span class="pp-class-166 pa t40199 l3 ls135">to </span><span class="pp-class-166 pa t40199 l2457">the </span><span class="pp-class-166 pa t40199 l3086 ls740">adjusted </span><span class="pp-class-166 pa t40199 l13246">benefits. </span><span class="pp-class-166 pa t40199 l1093 ls1701">Otherwise, </span><span class="pp-class-166 pa t40199 l40200 ls890">they </span><span class="pp-class-166 pa t40199 l31553">will </span><span class="pp-class-166 pa t40199 l40201">be </span><span class="pp-class-166 pa t40199 l40202 ls564">recognised </span><span class="pp-class-166 pa t40199 l13252">in </span><span class="pp-class-166 pa t40199 l4326">the </span><span class="pp-class-166 pa t40199 l39391 ls1122">statement </span><span class="pp-class-166 pa t40203 l3">of </span><span class="pp-class-166 pa t40203 l2457 ls564">profit </span><span class="pp-class-166 pa t40203 l3710">or </span><span class="pp-class-166 pa t40203 l3711 ls48">loss </span><span class="pp-class-166 pa t40203 l3712 ls48">over </span><span class="pp-class-166 pa t40203 l32610">the </span><span class="pp-class-166 pa t40203 l21535">period </span><span class="pp-class-166 pa t40203 l40126">in </span><span class="pp-class-166 pa t40203 l40204">which </span><span class="pp-class-166 pa t40203 l34528">the </span><span class="pp-class-166 pa t40203 l35938">employees </span><span class="pp-class-166 pa t40203 l8678 ls48">earn </span><span class="pp-class-166 pa t40203 l26130">the </span><span class="pp-class-166 pa t40203 l40205">right </span><span class="pp-class-166 pa t40203 l40206 ls135">to </span><span class="pp-class-166 pa t40203 l40207">the </span><span class="pp-class-166 pa t40208 l3 ls740">adjusted </span><span class="pp-class-166 pa t40208 l6178">benefits.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40209 l3 ls4852">Management </span><span class="pp-class-170 pa t40209 l36376 ls4852">judgements </span><span class="pp-class-170 pa t40209 l36377 ls2257">and </span><span class="pp-class-170 pa t40209 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40210 l3">In </span><span class="pp-class-166 pa t40210 l1589 ls180">determining </span><span class="pp-class-166 pa t40210 l40211">pension </span><span class="pp-class-166 pa t40210 l40212">obligations, </span><span class="pp-class-166 pa t40210 l9979 ls205">Management </span><span class="pp-class-166 pa t40210 l6412 ls189">makes </span><span class="pp-class-166 pa t40210 l40213">use </span><span class="pp-class-166 pa t40210 l40214">of </span><span class="pp-class-166 pa t40210 l40215 ls205">valuations </span><span class="pp-class-166 pa t40210 l40216 ls267">from </span><span class="pp-class-166 pa t40217 l3 ls59">external </span><span class="pp-class-166 pa t40217 l8707">and </span><span class="pp-class-166 pa t40217 l37606">independent </span><span class="pp-class-166 pa t40217 l40218 ls2030">actuaries </span><span class="pp-class-166 pa t40217 l1706">as </span><span class="pp-class-166 pa t40217 l40219">basis </span><span class="pp-class-166 pa t40217 l40220 ls228">for </span><span class="pp-class-166 pa t40217 l40221">the </span><span class="pp-class-166 pa t40217 l12918 ls1217">estimates </span><span class="pp-class-166 pa t40217 l40222">applied. </span><span class="pp-class-166 pa t40217 l40223">The </span><span class="pp-class-166 pa t40224 l3 ls2030">actuarial </span><span class="pp-class-166 pa t40224 l40225 ls205">assumptions </span><span class="pp-class-166 pa t40224 l16117">used </span><span class="pp-class-166 pa t40224 l28028">in </span><span class="pp-class-166 pa t40224 l27652">the </span><span class="pp-class-166 pa t40224 l40226 ls205">valuations </span><span class="pp-class-166 pa t40224 l40227 ls2030">vary </span><span class="pp-class-166 pa t40224 l40228 ls267">from </span><span class="pp-class-166 pa t40224 l40229 ls101">country </span><span class="pp-class-166 pa t40224 l40230 ls135">to </span><span class="pp-class-166 pa t40224 l40231 ls101">country </span><span class="pp-class-166 pa t40232 l3">owing </span><span class="pp-class-166 pa t40232 l31560 ls135">to </span><span class="pp-class-166 pa t40232 l24002">national, </span><span class="pp-class-166 pa t40232 l40233 ls234">economic </span><span class="pp-class-166 pa t40232 l40234">and </span><span class="pp-class-166 pa t40232 l40235">social </span><span class="pp-class-166 pa t40232 l40236 ls923">conditions.</span></p></div></div><div class="pp-class-4" id="pp-id-4408" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40237 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t40238 l3 ls4459">Pension </span><span class="pp-class-170 pa t40238 l40239 ls4852">obligations</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40240 l3 ls234">Net </span><span class="pp-class-166 pa t40240 l11333">pension </span><span class="pp-class-166 pa t40240 l40241">obligations </span><span class="pp-class-166 pa t40240 l40242">at </span><span class="pp-class-166 pa t40240 l40243">31 </span><span class="pp-class-166 pa t40240 l32479 ls234">December </span><span class="pp-class-166 pa t40240 l40244 ls228">are </span><span class="pp-class-166 pa t40240 l40245">specified </span><span class="pp-class-166 pa t40240 l12384">as </span><span class="pp-class-166 pa t40240 l40246 ls455">follows:</span></p></div></div><div class="pp-class-4" id="pp-id-4409" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37956 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2315">Pension </span><span class="pp-class-170 pa t34823 l40247 ls2275">obligations</span><span class="pp-class-166 pa t34823 l40248"/><span class="pp-class-166 pa t34823 l40249">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls2870">Present </span><span class="pp-class-166 pa t34827 l5277 ls101">value </span><span class="pp-class-166 pa t34827 l19372">of </span><span class="pp-class-166 pa t34827 l10730">defined </span><span class="pp-class-166 pa t34827 l23719">benefit </span><span class="pp-class-166 pa t34827 l40250">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">9,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28456">5,005</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls3342">Fair </span><span class="pp-class-166 pa t35090 l34964 ls101">value </span><span class="pp-class-166 pa t35090 l34965">of </span><span class="pp-class-166 pa t35090 l40251">pension </span><span class="pp-class-166 pa t35090 l4466">plan </span><span class="pp-class-166 pa t35090 l11880 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">7,358</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28456">4,548</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l3 ls2315">Pension </span><span class="pp-class-170 pa t37965 l40247 ls5048">obligations, </span><span class="pp-class-170 pa t37965 l40252 ls1866">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37966 ls2690">2,098</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l38178 ls1866">457</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4410" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40253 pa t2 l3 wtro4 xx39603 tro6 xx39604"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39605 l3">Of </span><span class="pp-class-166 pa t39605 l14886">these </span><span class="pp-class-166 pa t39605 l40254">obligations, </span><span class="pp-class-166 pa t39605 l38304">DKK </span><span class="pp-class-166 pa t39605 l40255">2,562 </span><span class="pp-class-166 pa t39605 l40256">million </span><span class="pp-class-166 pa t39605 l1739 ls2500">relate </span><span class="pp-class-166 pa t39605 l40257 ls135">to </span><span class="pp-class-166 pa t39605 l10874">unfunded </span><span class="pp-class-166 pa t39605 l7609">pension </span><span class="pp-class-166 pa t39605 l21063">obligations </span><span class="pp-class-166 pa t39613 l3">(2024: </span><span class="pp-class-166 pa t39613 l10819">DKK </span><span class="pp-class-166 pa t39613 l10820">842 </span><span class="pp-class-166 pa t39613 l40258">million) </span><span class="pp-class-166 pa t39613 l40259">and </span><span class="pp-class-166 pa t39613 l433">a </span><span class="pp-class-166 pa t39613 l40260 ls234">net </span><span class="pp-class-166 pa t39613 l40261">pension </span><span class="pp-class-166 pa t39613 l38967 ls1428">asset </span><span class="pp-class-166 pa t39613 l31074">of </span><span class="pp-class-166 pa t39613 l40262">DKK </span><span class="pp-class-166 pa t39613 l40263">464 </span><span class="pp-class-166 pa t39613 l40264">million </span><span class="pp-class-166 pa t39613 l40265 ls2500">relate </span><span class="pp-class-166 pa t39625 l3 ls135">to </span><span class="pp-class-166 pa t39625 l2457">funded </span><span class="pp-class-166 pa t39625 l2066">obligations </span><span class="pp-class-166 pa t39625 l40266">(2024: </span><span class="pp-class-166 pa t39625 l40267">A </span><span class="pp-class-166 pa t39625 l40268 ls234">net </span><span class="pp-class-166 pa t39625 l40269 ls1428">asset </span><span class="pp-class-166 pa t39625 l3334">of </span><span class="pp-class-166 pa t39625 l25706">DKK </span><span class="pp-class-166 pa t39625 l40270">385 </span><span class="pp-class-166 pa t39625 l40271">million </span><span class="pp-class-166 pa t39625 l40272 ls1766">related </span><span class="pp-class-166 pa t39625 l40273 ls135">to </span><span class="pp-class-166 pa t39625 l40274 ls1617">partly </span><span class="pp-class-166 pa t39633 l3">funded </span><span class="pp-class-166 pa t39633 l40275">obligations). </span><span class="pp-class-166 pa t39633 l12407">The </span><span class="pp-class-166 pa t39633 l37107 ls740">latter </span><span class="pp-class-166 pa t39633 l9770">is </span><span class="pp-class-166 pa t39633 l40276">primarily </span><span class="pp-class-166 pa t39633 l13667">due </span><span class="pp-class-166 pa t39633 l40277 ls135">to </span><span class="pp-class-166 pa t39633 l15468">the </span><span class="pp-class-166 pa t39633 l40278">German </span><span class="pp-class-166 pa t39633 l40279">plans </span><span class="pp-class-166 pa t39633 l22487">being </span><span class="pp-class-166 pa t40280 l3 ls951">overfunded.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t40281 l3 ls10408">Total </span><span class="pp-class-172 pa t40281 l27581">pension </span><span class="pp-class-172 pa t40281 l40282 ls2061">costs </span><span class="pp-class-172 pa t40281 l39967 ls6399">for </span><span class="pp-class-172 pa t40281 l9422">the </span><span class="pp-class-172 pa t40281 l40283 ls70">year</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40284 l3">In </span><span class="pp-class-166 pa t40284 l1589">2025, </span><span class="pp-class-166 pa t40284 l1590 ls234">net </span><span class="pp-class-166 pa t40284 l27801 ls1129">costs </span><span class="pp-class-166 pa t40284 l40285">of </span><span class="pp-class-166 pa t40284 l7186">DKK </span><span class="pp-class-166 pa t40284 l35113">1,968 </span><span class="pp-class-166 pa t40284 l40286">million </span><span class="pp-class-166 pa t40284 l40287 ls66">relating </span><span class="pp-class-166 pa t40284 l40288 ls135">to </span><span class="pp-class-166 pa t40284 l40289">the </span><span class="pp-class-166 pa t40284 l40290 ls1165">Group’s </span><span class="pp-class-166 pa t40284 l40291">pension </span><span class="pp-class-166 pa t40284 l40292">plans </span><span class="pp-class-166 pa t40293 l3 ls2487">were </span><span class="pp-class-166 pa t40293 l9808 ls564">recognised </span><span class="pp-class-166 pa t40293 l40294">in </span><span class="pp-class-166 pa t40293 l4907">the </span><span class="pp-class-166 pa t40293 l40295 ls1122">statement </span><span class="pp-class-166 pa t40293 l40296">of </span><span class="pp-class-166 pa t40293 l40297 ls564">profit </span><span class="pp-class-166 pa t40293 l40298">or </span><span class="pp-class-166 pa t40293 l40299 ls48">loss </span><span class="pp-class-166 pa t40293 l40300">(2024: </span><span class="pp-class-166 pa t40293 l40301">DKK </span><span class="pp-class-166 pa t40293 l40302">919 </span><span class="pp-class-166 pa t40293 l31321">million) </span><span class="pp-class-166 pa t40293 l40303">and </span><span class="pp-class-166 pa t40304 l3">is </span><span class="pp-class-166 pa t40304 l5798">specified </span><span class="pp-class-166 pa t40304 l40305">as </span><span class="pp-class-166 pa t40304 l40306 ls455">follows:</span></p></div></div><div class="pp-class-4" id="pp-id-4411" xmlns="http://www.w3.org/1999/xhtml"><div class="w40307 h40308 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls2315">Pension </span><span class="pp-class-170 pa t37786 l40247 ls2483">cost </span><span class="pp-class-170 pa t37786 l40309 ls2275">2025</span><span class="pp-class-166 pa t37786 l40310"/><span class="pp-class-166 pa t37786 l40311">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40312">Defined </span><span class="pp-class-166 pa t37784 l40313 ls428">contribution </span><span class="pp-class-166 pa t37786 l40314">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40315">Defined </span><span class="pp-class-166 pa t37784 l40316">benefit </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l40317">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l40318 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3 ls826">Staff </span><span class="pp-class-166 pa t37810 l616 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40319">1,780</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40320">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40321">1,894</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls394">Financial </span><span class="pp-class-166 pa t37821 l563 ls1849">expenses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40322">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40323">74</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40324">74</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39915 l3 ls15293">Total </span><span class="pp-class-170 pa t39915 l34893 ls6801">costs </span><span class="pp-class-170 pa t39915 l40325 ls191">recognised </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39915 l40326 ls2690">1,780</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39915 l40327 ls1866">188</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39915 l40328 ls2690">1,968</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4412" xmlns="http://www.w3.org/1999/xhtml"><div class="w40307 h40308 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls2315">Pension </span><span class="pp-class-170 pa t37786 l40247 ls2483">cost </span><span class="pp-class-170 pa t37786 l40309 ls2275">2024</span><span class="pp-class-166 pa t37786 l40310"/><span class="pp-class-166 pa t37786 l40311">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40312">Defined </span><span class="pp-class-166 pa t37784 l40313 ls428">contribution </span><span class="pp-class-166 pa t37786 l40314">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40315">Defined </span><span class="pp-class-166 pa t37784 l40316">benefit </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l40317">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l40318 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3 ls826">Staff </span><span class="pp-class-166 pa t37810 l616 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40329">823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40323">50</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40330">873</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls394">Financial </span><span class="pp-class-166 pa t37821 l563 ls1849">expenses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40322">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40323">46</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40324">46</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39915 l3 ls15293">Total </span><span class="pp-class-170 pa t39915 l34893 ls6801">costs </span><span class="pp-class-170 pa t39915 l40325 ls191">recognised </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39915 l40331 ls1866">823</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39915 l40332 ls2307">96</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39915 l40333 ls1866">919</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4413" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40334 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t40040 l3">Defined </span><span class="pp-class-172 pa t40040 l30373">benefit </span><span class="pp-class-172 pa t40040 l40335">pension </span><span class="pp-class-172 pa t40040 l40336">obligations</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40041 l3 ls205">Development </span><span class="pp-class-166 pa t40041 l30699">in </span><span class="pp-class-166 pa t40041 l33199">the </span><span class="pp-class-166 pa t40041 l40337 ls856">present </span><span class="pp-class-166 pa t40041 l711 ls101">value </span><span class="pp-class-166 pa t40041 l40338">of </span><span class="pp-class-166 pa t40041 l22784">defined </span><span class="pp-class-166 pa t40041 l40339">benefit </span><span class="pp-class-166 pa t40041 l40340">pension </span><span class="pp-class-166 pa t40041 l40341">obligations </span><span class="pp-class-166 pa t40041 l40342">is </span><span class="pp-class-166 pa t40046 l3">specified </span><span class="pp-class-166 pa t40046 l4120">as </span><span class="pp-class-166 pa t40046 l40343 ls455">follows:</span></p></div></div><div class="pp-class-4" id="pp-id-4414" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40344 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40345 l3 ls2660">Defined </span><span class="pp-class-170 pa t40345 l40346 ls2660">benefit </span><span class="pp-class-170 pa t40345 l40347 ls2660">pension </span><span class="pp-class-170 pa t40345 l40348 ls2282">obligations</span><span class="pp-class-166 pa t40345 l40349"/><span class="pp-class-166 pa t40350 l3">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40350 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40350 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40351 l3">Obligations </span><span class="pp-class-166 pa t40351 l40352">at </span><span class="pp-class-166 pa t40351 l25884">1 </span><span class="pp-class-166 pa t40351 l18788 ls1915">January </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40351 l37867">5,005</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40351 l28456">4,983</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40353 l3 ls1430">Current </span><span class="pp-class-166 pa t40353 l20615 ls1915">service </span><span class="pp-class-166 pa t40353 l4136 ls1416">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40353 l38036">145</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40353 l28210">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40354 l3 ls73">Past </span><span class="pp-class-166 pa t40354 l40355 ls1915">service </span><span class="pp-class-166 pa t40354 l40356 ls3490">cost </span><span class="pp-class-166 pa t40354 l15544 ls267">from </span><span class="pp-class-166 pa t40354 l40357">plan </span><span class="pp-class-166 pa t40354 l15342">amendments, </span><span class="pp-class-166 pa t40358 l3">curtailments </span><span class="pp-class-166 pa t40358 l33524">and </span><span class="pp-class-166 pa t40358 l23644 ls4081">gains/losses </span><span class="pp-class-166 pa t40358 l40359">on </span><span class="pp-class-166 pa t40358 l36893 ls1026">settlements</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40358 l38102">(31)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40358 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40360 l3 ls158">Calculated </span><span class="pp-class-166 pa t40360 l15437 ls135">interest </span><span class="pp-class-166 pa t40360 l7354">on </span><span class="pp-class-166 pa t40360 l1711">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40360 l38036">240</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40360 l28132">148</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40361 l3 ls2030">Actuarial </span><span class="pp-class-166 pa t40361 l6463 ls4081">gains/losses </span><span class="pp-class-166 pa t40361 l40362">arising </span><span class="pp-class-166 pa t40361 l38754 ls267">from </span><span class="pp-class-166 pa t40361 l40363">changes </span><span class="pp-class-166 pa t40364 l3">in </span><span class="pp-class-166 pa t40364 l1746">financial </span><span class="pp-class-166 pa t40364 l40365 ls205">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40364 l40005">(362)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40364 l28210">24</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40366 l3 ls2030">Actuarial </span><span class="pp-class-166 pa t40366 l6463 ls4081">gains/losses </span><span class="pp-class-166 pa t40366 l40362">arising </span><span class="pp-class-166 pa t40366 l38754 ls267">from </span><span class="pp-class-166 pa t40366 l40363">changes </span><span class="pp-class-166 pa t40366 l40367">in </span><span class="pp-class-166 pa t40368 l3 ls977">demographic </span><span class="pp-class-166 pa t40368 l33433 ls205">assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40368 l38289">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40368 l38103">(39)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40369 l3 ls2030">Actuarial </span><span class="pp-class-166 pa t40369 l6463 ls4081">gains/losses </span><span class="pp-class-166 pa t40369 l40362">arising </span><span class="pp-class-166 pa t40369 l38754 ls267">from </span><span class="pp-class-166 pa t40369 l40363 ls189">experience </span><span class="pp-class-166 pa t40370 l3 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40370 l38095">75</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40370 l28210">69</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40371 l3 ls851">Payments </span><span class="pp-class-166 pa t40371 l40372 ls267">from </span><span class="pp-class-166 pa t40371 l40373">the </span><span class="pp-class-166 pa t40371 l14438">plan</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40371 l40005">(498)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40371 l40006">(267)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40374 l3 ls1026">Settlement </span><span class="pp-class-166 pa t40374 l40375">payments </span><span class="pp-class-166 pa t40374 l28750 ls267">from </span><span class="pp-class-166 pa t40374 l40187">the </span><span class="pp-class-166 pa t40374 l40376">plan</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40374 l38102">(22)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40374 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40377 l3">Additions </span><span class="pp-class-166 pa t40377 l35356 ls267">from </span><span class="pp-class-166 pa t40377 l39069 ls394">business </span><span class="pp-class-166 pa t40377 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40377 l37867">4,984</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40377 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40378 l3 ls187">Currency </span><span class="pp-class-166 pa t40378 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40378 l38102">(87)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40378 l28210">37</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40379 l3 ls2786">Obligations </span><span class="pp-class-170 pa t40379 l40380 ls1866">at </span><span class="pp-class-170 pa t40379 l40381 ls1866">31 </span><span class="pp-class-170 pa t40379 l40382 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40379 l37966 ls2690">9,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40379 l37967 ls2690">5,005</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4415" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40383 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40384 l3">The </span><span class="pp-class-166 pa t40384 l1525 ls70">expected </span><span class="pp-class-166 pa t40384 l38171 ls946">average </span><span class="pp-class-166 pa t40384 l30691 ls740">duration </span><span class="pp-class-166 pa t40384 l40385">of </span><span class="pp-class-166 pa t40384 l40386">the </span><span class="pp-class-166 pa t40384 l40387">obligations </span><span class="pp-class-166 pa t40384 l27548">is </span><span class="pp-class-166 pa t40384 l14705">11 </span><span class="pp-class-166 pa t40384 l3369 ls101">years </span><span class="pp-class-166 pa t40384 l40388">(2024: </span><span class="pp-class-166 pa t40384 l29333">13 </span><span class="pp-class-166 pa t40384 l40389 ls239">years).</span></p></div></div><div class="pp-class-4" id="pp-id-4416" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40390 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40391 l3 ls228">Expected </span><span class="pp-class-170 pa t40391 l29030 ls3681">maturity </span><span class="pp-class-170 pa t40391 l40392 ls1866">of </span><span class="pp-class-170 pa t40391 l40393 ls18672">pension </span><span class="pp-class-170 pa t40391 l40394 ls2282">obligations</span><span class="pp-class-170 pa t40391 l35732"/><span class="pp-class-166 pa t40395 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40395 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40395 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l3">0-1 </span><span class="pp-class-166 pa t40396 l39021 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l38036">754</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l28132">355</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l3">1-5 </span><span class="pp-class-166 pa t38290 l39021 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l37867">2,083</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l28456">1,161</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l3">&gt; </span><span class="pp-class-166 pa t35184 l2138">5 </span><span class="pp-class-166 pa t35184 l26644 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l37867">6,619</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l28456">3,489</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40397 l3 ls15293">Total </span><span class="pp-class-170 pa t40397 l34893 ls2786">obligations </span><span class="pp-class-170 pa t40397 l40398 ls4132">recognised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40397 l37966 ls2690">9,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40397 l37967 ls2690">5,005</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4417" xmlns="http://www.w3.org/1999/xhtml"><div class="w40399 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.7 </span><span class="pp-class-169 pa t254 l37093 ls3930">Pensions </span><span class="pp-class-169 pa t254 l40033 ls6611">and </span><span class="pp-class-169 pa t254 l40034 ls1181">other </span><span class="pp-class-169 pa t254 l40035 ls35162">post-employment </span><span class="pp-class-169 pa t254 l40036 ls40037">benefit </span><span class="pp-class-169 pa t254 l40038 ls1181">plans </span><span class="pp-class-169 pa t254 l40400 ls1180">— </span><span class="pp-class-169 pa t254 l40401 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4418" xmlns="http://www.w3.org/1999/xhtml"><div class="w40402 h27502 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t3624 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t3624 l38818 ls951">analysis</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525 ls851">following </span><span class="pp-class-166 pa t3330 l7580 ls180">table </span><span class="pp-class-166 pa t3330 l40403 ls1129">illustrates </span><span class="pp-class-166 pa t3330 l20231">the </span><span class="pp-class-166 pa t3330 l40404">change </span><span class="pp-class-166 pa t3330 l40405">in </span><span class="pp-class-166 pa t3330 l34289">the </span><span class="pp-class-166 pa t3330 l40406 ls1346">gross </span><span class="pp-class-166 pa t3330 l26070">obligation </span><span class="pp-class-166 pa t3330 l40407 ls66">relating </span><span class="pp-class-166 pa t3330 l40408 ls135">to </span><span class="pp-class-166 pa t3330 l40409">de-</span><span class="pp-class-166 pa t3338 l3">fined </span><span class="pp-class-166 pa t3338 l40410">benefit </span><span class="pp-class-166 pa t3338 l40411">plans </span><span class="pp-class-166 pa t3338 l40412 ls267">from </span><span class="pp-class-166 pa t3338 l6754">a </span><span class="pp-class-166 pa t3338 l29326">change </span><span class="pp-class-166 pa t3338 l8755">in </span><span class="pp-class-166 pa t3338 l31973">the </span><span class="pp-class-166 pa t3338 l40413 ls1119">key </span><span class="pp-class-166 pa t3338 l40414 ls2030">actuarial </span><span class="pp-class-166 pa t3338 l40415 ls205">assumptions. </span><span class="pp-class-166 pa t3338 l40416">The </span><span class="pp-class-166 pa t3338 l40417 ls2179">analysis </span><span class="pp-class-166 pa t3348 l3">is </span><span class="pp-class-166 pa t3348 l5798">based </span><span class="pp-class-166 pa t3348 l39467">on </span><span class="pp-class-166 pa t3348 l40418 ls2476">reasonably </span><span class="pp-class-166 pa t3348 l6763 ls66">probable </span><span class="pp-class-166 pa t3348 l9490">changes, </span><span class="pp-class-166 pa t3348 l40419 ls66">provided </span><span class="pp-class-166 pa t3348 l12790">that </span><span class="pp-class-166 pa t3348 l40420">the </span><span class="pp-class-166 pa t3348 l38474 ls75">other </span><span class="pp-class-166 pa t3348 l40421 ls564">parameters </span><span class="pp-class-166 pa t3360 l3 ls564">remain </span><span class="pp-class-166 pa t3360 l1539">unchanged.</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40422 l3 ls22815">Sensitivity </span><span class="pp-class-170 pa t40422 l21046 ls2275">analysis</span><span class="pp-class-166 pa t40422 l40423"/><span class="pp-class-166 pa t40422 l40424">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40422 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40422 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40425 l3">Defined </span><span class="pp-class-166 pa t40425 l8729">benefit </span><span class="pp-class-166 pa t40425 l34161">pension </span><span class="pp-class-166 pa t40425 l26570">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40425 l37867">9,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40425 l28456">5,005</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40426 l3 ls187">Discount </span><span class="pp-class-172 pa t40426 l34375 ls2313">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40427 l3 ls1528">Increase </span><span class="pp-class-166 pa t40427 l33031">of </span><span class="pp-class-166 pa t40427 l14548">0.5 </span><span class="pp-class-166 pa t40427 l20847 ls1343">percentage </span><span class="pp-class-166 pa t40427 l431">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40427 l37867">8,921</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40427 l28456">4,723</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40428 l3 ls1528">Decrease </span><span class="pp-class-166 pa t40428 l1781">of </span><span class="pp-class-166 pa t40428 l5537">0.5 </span><span class="pp-class-166 pa t40428 l15639 ls1343">percentage </span><span class="pp-class-166 pa t40428 l26517">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40428 l37867">9,938</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40428 l28456">5,286</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40429 l3 ls1346">Future </span><span class="pp-class-172 pa t40429 l21848 ls1761">wage/salary </span><span class="pp-class-172 pa t40429 l27324 ls4405">increase</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40430 l3 ls1528">Increase </span><span class="pp-class-166 pa t40430 l33031">of </span><span class="pp-class-166 pa t40430 l14548">0.5 </span><span class="pp-class-166 pa t40430 l20847 ls1343">percentage </span><span class="pp-class-166 pa t40430 l431">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40430 l37867">9,508</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40430 l28456">5,034</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40431 l3 ls1528">Decrease </span><span class="pp-class-166 pa t40431 l1781">of </span><span class="pp-class-166 pa t40431 l5537">0.5 </span><span class="pp-class-166 pa t40431 l15639 ls1343">percentage </span><span class="pp-class-166 pa t40431 l26517">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40431 l37867">9,398</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40431 l28456">4,957</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40432 l3">Inflation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40433 l3 ls1528">Increase </span><span class="pp-class-166 pa t40433 l33031">of </span><span class="pp-class-166 pa t40433 l14548">0.5 </span><span class="pp-class-166 pa t40433 l20847 ls1343">percentage </span><span class="pp-class-166 pa t40433 l431">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40433 l37867">9,677</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40433 l28456">5,105</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40434 l3 ls1528">Decrease </span><span class="pp-class-166 pa t40434 l1781">of </span><span class="pp-class-166 pa t40434 l5537">0.5 </span><span class="pp-class-166 pa t40434 l15639 ls1343">percentage </span><span class="pp-class-166 pa t40434 l26517">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40434 l37867">9,236</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40434 l28456">4,888</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40435 l3 ls73">Life </span><span class="pp-class-172 pa t40435 l40436 ls1440">expectancy</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40437 l3 ls1528">Increase </span><span class="pp-class-166 pa t40437 l33031">of </span><span class="pp-class-166 pa t40437 l14548">1 </span><span class="pp-class-166 pa t40437 l30471 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40437 l37867">9,708</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40437 l28456">5,161</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40438 l3 ls1528">Decrease </span><span class="pp-class-166 pa t40438 l1781">of </span><span class="pp-class-166 pa t40438 l5537">1 </span><span class="pp-class-166 pa t40438 l39226 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40438 l37867">9,187</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40438 l28456">4,831</span></p></td></tr></table><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3532 l3 ls4459">Pension </span><span class="pp-class-170 pa t3532 l40239 ls3042">plan </span><span class="pp-class-170 pa t3532 l27780 ls3149">assets</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3542 l3">The </span><span class="pp-class-166 pa t3542 l1525 ls86">composition </span><span class="pp-class-166 pa t3542 l6548">of </span><span class="pp-class-166 pa t3542 l40439">the </span><span class="pp-class-166 pa t3542 l20272">pension </span><span class="pp-class-166 pa t3542 l35054">plan </span><span class="pp-class-166 pa t3542 l40440 ls4053">assets </span><span class="pp-class-166 pa t3542 l40441">is </span><span class="pp-class-166 pa t3542 l38975">as </span><span class="pp-class-166 pa t3542 l40442 ls455">follows:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40443 l3 ls18249">Composition </span><span class="pp-class-170 pa t40443 l40444 ls1866">of </span><span class="pp-class-170 pa t40443 l40445 ls2660">pension </span><span class="pp-class-170 pa t40443 l40446 ls2690">plan </span><span class="pp-class-170 pa t40443 l40447 ls1174">assets</span><span class="pp-class-166 pa t40443 l40448"/><span class="pp-class-166 pa t40443 l40449">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40443 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40443 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40450 l3 ls497">Shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40450 l40451">28%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40450 l40452">38%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40453 l3">Bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40453 l40451">39%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40453 l40452">48%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40454 l3">Other </span><span class="pp-class-166 pa t40454 l4385">incl. </span><span class="pp-class-166 pa t40454 l40455 ls1418">insurance </span><span class="pp-class-166 pa t40454 l31081 ls704">contracts</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40454 l40451">33%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40454 l40452">14%</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4419" xmlns="http://www.w3.org/1999/xhtml"><div class="w40402 h40456 pa t2 l3 wtro4 xx40457 tro6 xx40458"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40459 l3 ls205">Development </span><span class="pp-class-166 pa t40459 l30699">in </span><span class="pp-class-166 pa t40459 l33199">the </span><span class="pp-class-166 pa t40459 l40337 ls2307">fair </span><span class="pp-class-166 pa t40459 l23835 ls101">value </span><span class="pp-class-166 pa t40459 l34218">of </span><span class="pp-class-166 pa t40459 l40460">pension </span><span class="pp-class-166 pa t40459 l40461">plan </span><span class="pp-class-166 pa t40459 l40462 ls4053">assets </span><span class="pp-class-166 pa t40459 l40463">is </span><span class="pp-class-166 pa t40459 l40464">specified </span><span class="pp-class-166 pa t40459 l40465">as </span><span class="pp-class-166 pa t40459 l11351 ls455">follows:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40466 l3 ls2315">Pension </span><span class="pp-class-170 pa t40466 l40247 ls2690">plan </span><span class="pp-class-170 pa t40466 l40467 ls1174">assets</span><span class="pp-class-166 pa t40466 l40468"/><span class="pp-class-166 pa t40466 l40469">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40466 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40466 l40470">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40471 l3 ls856">Pension </span><span class="pp-class-166 pa t40471 l1468">plan </span><span class="pp-class-166 pa t40471 l40472 ls4053">assets </span><span class="pp-class-166 pa t40471 l40473">at </span><span class="pp-class-166 pa t40471 l40474">1 </span><span class="pp-class-166 pa t40471 l23202 ls1915">January </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40471 l37867">4,548</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40471 l40475">3,702</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40476 l3 ls158">Calculated </span><span class="pp-class-166 pa t40476 l15437 ls135">interest </span><span class="pp-class-166 pa t40476 l7354">on </span><span class="pp-class-166 pa t40476 l1711">plan </span><span class="pp-class-166 pa t40476 l30503 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40476 l38036">166</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40476 l40477">102</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40478 l3 ls495">Return </span><span class="pp-class-166 pa t40478 l13803">on </span><span class="pp-class-166 pa t40478 l1540">plan </span><span class="pp-class-166 pa t40478 l6587 ls4053">assets </span><span class="pp-class-166 pa t40478 l40479 ls164">excluding </span><span class="pp-class-166 pa t40480 l3 ls2022">calculated </span><span class="pp-class-166 pa t40480 l40481 ls135">interest </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40480 l38095">72</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40480 l40477">176</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40482 l3 ls158">Contributions </span><span class="pp-class-166 pa t40482 l14139 ls135">to </span><span class="pp-class-166 pa t40482 l27057">the </span><span class="pp-class-166 pa t40482 l40483">plan</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40482 l38036">174</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40482 l40477">109</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40484 l3 ls851">Payments </span><span class="pp-class-166 pa t40484 l40372 ls267">from </span><span class="pp-class-166 pa t40484 l40373">the </span><span class="pp-class-166 pa t40484 l14438">plan</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40484 l40005">(419)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40484 l40485">(245)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40486 l3 ls1026">Settlement </span><span class="pp-class-166 pa t40486 l40375">payments </span><span class="pp-class-166 pa t40486 l28750 ls267">from </span><span class="pp-class-166 pa t40486 l40187">the </span><span class="pp-class-166 pa t40486 l40376">plan</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40486 l38102">(18)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40486 l40487">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40488 l3">Additions </span><span class="pp-class-166 pa t40488 l35356 ls267">from </span><span class="pp-class-166 pa t40488 l39069 ls394">business </span><span class="pp-class-166 pa t40488 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40488 l37867">2,940</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40488 l40487">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40489 l3 ls1625">Asset </span><span class="pp-class-166 pa t40489 l2871 ls740">ceiling</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40489 l40005">(103)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40489 l40477">693</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40490 l3 ls187">Currency </span><span class="pp-class-166 pa t40490 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40490 l40491">(2)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40490 l40492">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40493 l3 ls2315">Pension </span><span class="pp-class-170 pa t40493 l40247 ls2690">plan </span><span class="pp-class-170 pa t40493 l40467 ls96">assets </span><span class="pp-class-170 pa t40493 l40494 ls1866">at </span><span class="pp-class-170 pa t40493 l40495 ls40496">31 </span><span class="pp-class-170 pa t40493 l40497 ls5048">December </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40493 l37966 ls2690">7,358</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40493 l40498 ls2690">4,548</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4420" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40499 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39154 l3 ls2030">Actuarial </span><span class="pp-class-166 pa t39154 l6463">gain </span><span class="pp-class-166 pa t39154 l40500">included </span><span class="pp-class-166 pa t39154 l40501">in </span><span class="pp-class-166 pa t39154 l26023 ls1122">statement </span><span class="pp-class-166 pa t39154 l40502">of </span><span class="pp-class-166 pa t39154 l40503 ls495">comprehensive </span><span class="pp-class-166 pa t39154 l40504 ls740">income </span><span class="pp-class-166 pa t39154 l40505">amounts </span><span class="pp-class-166 pa t39154 l40506 ls135">to </span><span class="pp-class-166 pa t39155 l3">DKK </span><span class="pp-class-166 pa t39155 l3885">249 </span><span class="pp-class-166 pa t39155 l10729">million </span><span class="pp-class-166 pa t39155 l10730">(2024: </span><span class="pp-class-166 pa t39155 l40507">DKK </span><span class="pp-class-166 pa t39155 l40508">815 </span><span class="pp-class-166 pa t39155 l40509">million </span><span class="pp-class-166 pa t39155 l12877">gain). </span><span class="pp-class-166 pa t39155 l40510">DSV </span><span class="pp-class-166 pa t39155 l40511 ls1839">expects </span><span class="pp-class-166 pa t39155 l40512 ls135">to </span><span class="pp-class-166 pa t39155 l40513 ls946">contribute </span><span class="pp-class-166 pa t39160 l3">DKK </span><span class="pp-class-166 pa t39160 l3885">286 </span><span class="pp-class-166 pa t39160 l10729">million </span><span class="pp-class-166 pa t39160 l10730 ls135">to </span><span class="pp-class-166 pa t39160 l40514">defined </span><span class="pp-class-166 pa t39160 l40515">benefit </span><span class="pp-class-166 pa t39160 l37249">plan </span><span class="pp-class-166 pa t39160 l22363 ls4053">assets </span><span class="pp-class-166 pa t39160 l40516">in </span><span class="pp-class-166 pa t39160 l40517">2026 </span><span class="pp-class-166 pa t39160 l40518">(2025: </span><span class="pp-class-166 pa t39160 l40519">DKK </span><span class="pp-class-166 pa t39160 l40520">67 </span><span class="pp-class-166 pa t39160 l40521">million). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t39163 l3 ls10408">Significant </span><span class="pp-class-170 pa t39163 l40522 ls1180">pension </span><span class="pp-class-170 pa t39163 l40523 ls3042">plans</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39169 l3">The </span><span class="pp-class-166 pa t39169 l1525 ls461">most </span><span class="pp-class-166 pa t39169 l14313 ls226">significant </span><span class="pp-class-166 pa t39169 l40524">defined </span><span class="pp-class-166 pa t39169 l40525">benefit </span><span class="pp-class-166 pa t39169 l40526">plans </span><span class="pp-class-166 pa t39169 l40527">of </span><span class="pp-class-166 pa t39169 l3854">the </span><span class="pp-class-166 pa t39169 l40528 ls497">Group </span><span class="pp-class-166 pa t39169 l40529 ls2500">relate </span><span class="pp-class-166 pa t39169 l40530 ls135">to </span><span class="pp-class-166 pa t39169 l40531 ls1410">Europe, </span><span class="pp-class-166 pa t39175 l3 ls267">more </span><span class="pp-class-166 pa t39175 l3771 ls48">specifically </span><span class="pp-class-166 pa t39175 l40532">Germany </span><span class="pp-class-166 pa t39175 l30012">and </span><span class="pp-class-166 pa t39175 l13489 ls189">Switzerland. </span><span class="pp-class-166 pa t39175 l40533">No </span><span class="pp-class-166 pa t39175 l40534 ls75">other </span><span class="pp-class-166 pa t39175 l4554 ls1428">countries </span><span class="pp-class-166 pa t39175 l27641 ls48">have </span><span class="pp-class-166 pa t39175 l40535">individual </span><span class="pp-class-166 pa t39183 l3 ls2369">significant </span><span class="pp-class-166 pa t39183 l1759 ls234">net </span><span class="pp-class-166 pa t39183 l28125">pension </span><span class="pp-class-166 pa t39183 l9775">obligations. </span><span class="pp-class-166 pa t39183 l40536 ls851">Germany’s </span><span class="pp-class-166 pa t39183 l40537">pension </span><span class="pp-class-166 pa t39183 l4367">plans </span><span class="pp-class-166 pa t39183 l40538 ls234">comprise </span><span class="pp-class-166 pa t39183 l40539">defined </span><span class="pp-class-166 pa t39188 l3">benefit </span><span class="pp-class-166 pa t39188 l5126">obligations </span><span class="pp-class-166 pa t39188 l40540">of </span><span class="pp-class-166 pa t39188 l3475">DKK </span><span class="pp-class-166 pa t39188 l40541">3,601 </span><span class="pp-class-166 pa t39188 l40542">million </span><span class="pp-class-166 pa t39188 l40543">and </span><span class="pp-class-166 pa t39188 l40544">pension </span><span class="pp-class-166 pa t39188 l40545">plan </span><span class="pp-class-166 pa t39188 l34745 ls4053">assets </span><span class="pp-class-166 pa t39188 l40546">of </span><span class="pp-class-166 pa t39188 l40547">DKK </span><span class="pp-class-166 pa t39188 l40548">1,456 </span><span class="pp-class-166 pa t39193 l3">million, </span><span class="pp-class-166 pa t39193 l13244 ls851">resulting </span><span class="pp-class-166 pa t39193 l12272">in </span><span class="pp-class-166 pa t39193 l33675">a </span><span class="pp-class-166 pa t39193 l12570 ls234">net </span><span class="pp-class-166 pa t39193 l40549">pension </span><span class="pp-class-166 pa t39193 l13999">obligation </span><span class="pp-class-166 pa t39193 l40550">of </span><span class="pp-class-166 pa t39193 l40551">DKK </span><span class="pp-class-166 pa t39193 l40552">2,144 </span><span class="pp-class-166 pa t39193 l12082">million. </span><span class="pp-class-166 pa t39193 l40553 ls1740">For </span><span class="pp-class-166 pa t39193 l40554 ls2690">Switzer-</span><span class="pp-class-166 pa t39695 l3">land, </span><span class="pp-class-166 pa t39695 l40555">the </span><span class="pp-class-166 pa t39695 l30088">plans </span><span class="pp-class-166 pa t39695 l40556 ls234">comprise </span><span class="pp-class-166 pa t39695 l30700">defined </span><span class="pp-class-166 pa t39695 l40557">benefit </span><span class="pp-class-166 pa t39695 l33342">obligations </span><span class="pp-class-166 pa t39695 l1131">of </span><span class="pp-class-166 pa t39695 l40558">DKK </span><span class="pp-class-166 pa t39695 l31754">2,689 </span><span class="pp-class-166 pa t39695 l40559">million </span><span class="pp-class-166 pa t39695 l40560">and </span><span class="pp-class-166 pa t40561 l3">pension </span><span class="pp-class-166 pa t40561 l40562">plan </span><span class="pp-class-166 pa t40561 l40563 ls4053">assets </span><span class="pp-class-166 pa t40561 l40564">of </span><span class="pp-class-166 pa t40561 l40565">DKK </span><span class="pp-class-166 pa t40561 l40566">3,372 </span><span class="pp-class-166 pa t40561 l40567">million, </span><span class="pp-class-166 pa t40561 l40568 ls851">resulting </span><span class="pp-class-166 pa t40561 l40569">in </span><span class="pp-class-166 pa t40561 l40570">a </span><span class="pp-class-166 pa t40561 l40571 ls234">net </span><span class="pp-class-166 pa t40561 l40572">pension </span><span class="pp-class-166 pa t40561 l40573 ls1428">asset </span><span class="pp-class-166 pa t40561 l40574">of </span><span class="pp-class-166 pa t39704 l3">DKK </span><span class="pp-class-166 pa t39704 l3885">683 </span><span class="pp-class-166 pa t39704 l10729">million.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39717 l3">The </span><span class="pp-class-166 pa t39717 l1525">plan </span><span class="pp-class-166 pa t39717 l14768">in </span><span class="pp-class-166 pa t39717 l40575">Germany </span><span class="pp-class-166 pa t39717 l27097 ls189">covers </span><span class="pp-class-166 pa t39717 l15808 ls189">both </span><span class="pp-class-166 pa t39717 l11881">salaried </span><span class="pp-class-166 pa t39717 l40576">and </span><span class="pp-class-166 pa t39717 l40577">hourly </span><span class="pp-class-166 pa t39717 l40578 ls740">workers. </span><span class="pp-class-166 pa t39717 l40579">Under </span><span class="pp-class-166 pa t39717 l40580">this </span><span class="pp-class-166 pa t39717 l13627">plan, </span><span class="pp-class-166 pa t39724 l3">employees </span><span class="pp-class-166 pa t39724 l19322 ls48">earn </span><span class="pp-class-166 pa t39724 l7423">a </span><span class="pp-class-166 pa t39724 l37228 ls75">fixed </span><span class="pp-class-166 pa t39724 l40581">amount </span><span class="pp-class-166 pa t39724 l40582 ls228">for </span><span class="pp-class-166 pa t39724 l9907 ls48">each </span><span class="pp-class-166 pa t39724 l40543 ls48">year </span><span class="pp-class-166 pa t39724 l40583">in </span><span class="pp-class-166 pa t39724 l9958 ls457">service. </span><span class="pp-class-166 pa t39724 l7191">The </span><span class="pp-class-166 pa t39724 l40584">plan </span><span class="pp-class-166 pa t39724 l21053">has </span><span class="pp-class-166 pa t39724 l40585">been </span><span class="pp-class-166 pa t39853 l3">closed </span><span class="pp-class-166 pa t39853 l25867 ls228">for </span><span class="pp-class-166 pa t39853 l4934">new </span><span class="pp-class-166 pa t39853 l11963">employees </span><span class="pp-class-166 pa t39853 l33851 ls189">since </span><span class="pp-class-166 pa t39853 l40586">1994. </span><span class="pp-class-166 pa t39853 l5806">The </span><span class="pp-class-166 pa t39853 l40587">pension </span><span class="pp-class-166 pa t39853 l40588 ls2022">arrangements </span><span class="pp-class-166 pa t39853 l40589 ls497">taken </span><span class="pp-class-166 pa t39853 l3636 ls48">over </span><span class="pp-class-166 pa t39730 l3 ls267">from </span><span class="pp-class-166 pa t39730 l2065 ls234">Schenker </span><span class="pp-class-166 pa t39730 l40590 ls218">cover </span><span class="pp-class-166 pa t39730 l37713 ls9321">active </span><span class="pp-class-166 pa t39730 l11913">employees </span><span class="pp-class-166 pa t39730 l14773 ls702">across </span><span class="pp-class-166 pa t39730 l40591 ls497">different </span><span class="pp-class-166 pa t39730 l40592">employee </span><span class="pp-class-166 pa t39730 l40593 ls856">groups. </span></p></div></div><div class="pp-class-4" id="pp-id-4421" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40594 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3624 l3">Under </span><span class="pp-class-166 pa t3624 l3086">these </span><span class="pp-class-166 pa t3624 l32904">plans, </span><span class="pp-class-166 pa t3624 l28990">employees </span><span class="pp-class-166 pa t3624 l40595 ls48">earn </span><span class="pp-class-166 pa t3624 l40596">a </span><span class="pp-class-166 pa t3624 l40597 ls75">fixed </span><span class="pp-class-166 pa t3624 l40598">annual </span><span class="pp-class-166 pa t3624 l40599">pension </span><span class="pp-class-166 pa t3624 l40600 ls564">credit </span><span class="pp-class-166 pa t3624 l40601 ls228">for </span><span class="pp-class-166 pa t3624 l40602 ls48">each </span><span class="pp-class-166 pa t3624 l40603 ls48">year </span><span class="pp-class-166 pa t3330 l3">of </span><span class="pp-class-166 pa t3330 l2457 ls457">service. </span><span class="pp-class-166 pa t3330 l2117 ls946">Several </span><span class="pp-class-166 pa t3330 l40604 ls1636">legacy </span><span class="pp-class-166 pa t3330 l40605">plans </span><span class="pp-class-166 pa t3330 l40606 ls234">continue </span><span class="pp-class-166 pa t3330 l40607 ls135">to </span><span class="pp-class-166 pa t3330 l22748">apply </span><span class="pp-class-166 pa t3330 l40608 ls135">to </span><span class="pp-class-166 pa t3330 l6372">long </span><span class="pp-class-166 pa t3330 l29992 ls3982">serving </span><span class="pp-class-166 pa t3330 l40609">employees, </span><span class="pp-class-166 pa t3338 l3 ls556">reflecting </span><span class="pp-class-166 pa t3338 l13739 ls164">historical </span><span class="pp-class-166 pa t3338 l40610 ls2022">arrangements </span><span class="pp-class-166 pa t3338 l18867">that </span><span class="pp-class-166 pa t3338 l40611 ls564">remain </span><span class="pp-class-166 pa t3338 l40612">in </span><span class="pp-class-166 pa t3338 l40613 ls189">place </span><span class="pp-class-166 pa t3338 l5740 ls228">for </span><span class="pp-class-166 pa t3338 l31483">specific </span><span class="pp-class-166 pa t3338 l40614 ls564">groups.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3360 l3 ls1552">We </span><span class="pp-class-166 pa t3360 l1676 ls428">continuously </span><span class="pp-class-166 pa t3360 l5851 ls461">work </span><span class="pp-class-166 pa t3360 l40615 ls135">to </span><span class="pp-class-166 pa t3360 l40616">change </span><span class="pp-class-166 pa t3360 l15539">our </span><span class="pp-class-166 pa t3360 l40617">defined </span><span class="pp-class-166 pa t3360 l40618">benefit </span><span class="pp-class-166 pa t3360 l40619">plans </span><span class="pp-class-166 pa t3360 l40620 ls1122">into </span><span class="pp-class-166 pa t3360 l40621">defined </span><span class="pp-class-166 pa t3360 l40622 ls614">con-</span><span class="pp-class-166 pa t3373 l3">tribution </span><span class="pp-class-166 pa t3373 l25463">plans </span><span class="pp-class-166 pa t3373 l22343 ls228">for </span><span class="pp-class-166 pa t3373 l23015">the </span><span class="pp-class-166 pa t3373 l27156">benefit </span><span class="pp-class-166 pa t3373 l40623">of </span><span class="pp-class-166 pa t3373 l40624">the </span><span class="pp-class-166 pa t3373 l40625 ls497">Group </span><span class="pp-class-166 pa t3373 l40626">and </span><span class="pp-class-166 pa t3373 l9778">the </span><span class="pp-class-166 pa t3373 l40627">employees. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls1430">Key </span><span class="pp-class-166 pa t3375 l22502 ls205">assumptions </span><span class="pp-class-166 pa t3375 l40628">applied </span><span class="pp-class-166 pa t3375 l40629 ls228">for </span><span class="pp-class-166 pa t3375 l40630">the </span><span class="pp-class-166 pa t3375 l40631 ls461">most </span><span class="pp-class-166 pa t3375 l40632 ls226">significant </span><span class="pp-class-166 pa t3375 l40633">pension </span><span class="pp-class-166 pa t3375 l21346">plans </span><span class="pp-class-166 pa t3375 l40634 ls228">are </span><span class="pp-class-166 pa t3375 l40635">as </span><span class="pp-class-166 pa t3375 l40636 ls455">follows:</span></p></div></div><div class="pp-class-4" id="pp-id-4422" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40637 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls2263">Key </span><span class="pp-class-170 pa t37786 l6149 ls18249">assumptions </span><span class="pp-class-170 pa t37786 l40638 ls2690">2025 </span><span class="pp-class-166 pa t37786 l40639">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40640 ls234">Discount </span><span class="pp-class-166 pa t37786 l40641 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40642 ls1502">Future </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40643 ls1761">wage/salary </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l40644 ls1410">increase</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40645 ls1502">Future </span><span class="pp-class-166 pa t37784 l40646 ls5905">rate </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l40647">of </span><span class="pp-class-166 pa t37786 l40648">inflation</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40649">4.1%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40650">2.6 </span><span class="pp-class-166 pa t37810 l40651">- </span><span class="pp-class-166 pa t37810 l40652">4.1%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40653">2.1%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls147">Switzerland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40649">1.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40652">1.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40653">1.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l40654">0 </span><span class="pp-class-166 pa t37823 l40655">- </span><span class="pp-class-166 pa t37823 l40656">23.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l40657">0 </span><span class="pp-class-166 pa t37823 l40658">- </span><span class="pp-class-166 pa t37823 l40659">16.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l40660">0 </span><span class="pp-class-166 pa t37823 l40661">- </span><span class="pp-class-166 pa t37823 l40662">16.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3 ls3267">Weighted </span><span class="pp-class-166 pa t37828 l11376 ls495">average</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l40649">5.1%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l40652">2.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l40663">2.7 </span><span class="pp-class-166 pa t37828 l40664">- </span><span class="pp-class-166 pa t37828 l40653">4.3%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40665 l3 ls1766">Mortality </span><span class="pp-class-170 pa t40665 l40666 ls2325">prognosis </span><span class="pp-class-170 pa t40665 l40667 ls2275">tables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40668 l3">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40668 l40669 ls5517">RT </span><span class="pp-class-166 pa t40668 l40670 ls2280">Heubeck </span><span class="pp-class-166 pa t40668 l40671 ls2267">2018 </span><span class="pp-class-166 pa t40668 l40672 ls166">G</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40673 l3 ls147">Switzerland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40673 l40669 ls4852">BVG </span><span class="pp-class-166 pa t40673 l25237 ls2263">2020</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div><div class="pp-class-4" id="pp-id-4423" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40637 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls2263">Key </span><span class="pp-class-170 pa t37786 l6149 ls18249">assumptions </span><span class="pp-class-170 pa t37786 l40638 ls2690">2024 </span><span class="pp-class-166 pa t37786 l40639">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40640 ls234">Discount </span><span class="pp-class-166 pa t37786 l40641 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40642 ls1502">Future </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40643 ls1761">wage/salary </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l40644 ls1410">increase</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40645 ls1502">Future </span><span class="pp-class-166 pa t37784 l40646 ls5905">rate </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l40647">of </span><span class="pp-class-166 pa t37786 l40648">inflation</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40649">3.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40652">2.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l40653">2.2%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls147">Switzerland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40649">1.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40652">1.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l40653">1.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3">Other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l40674">0-6.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l40675">0-10.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l40676">0-2.5%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3 ls3267">Weighted </span><span class="pp-class-166 pa t37828 l11376 ls495">average</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l40649">3.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l40652">2.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l40653">2.1%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40665 l3 ls1766">Mortality </span><span class="pp-class-170 pa t40665 l40666 ls2325">prognosis </span><span class="pp-class-170 pa t40665 l40667 ls2275">tables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40668 l3">Germany</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40668 l40669 ls1444">RT </span><span class="pp-class-166 pa t40668 l40677">Heubeck </span><span class="pp-class-166 pa t40668 l40678">2018 </span><span class="pp-class-166 pa t40668 l40679">G</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40673 l3 ls147">Switzerland</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40673 l40669 ls4852">BVG </span><span class="pp-class-166 pa t40673 l25237 ls2263">2020</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div><div class="pp-class-4" id="pp-id-4498" xmlns="http://www.w3.org/1999/xhtml"><div class="w44010 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.2 </span><span class="pp-class-169 pa t254 l37093 ls257">Share </span><span class="pp-class-169 pa t254 l44011 ls6700">option </span><span class="pp-class-169 pa t254 l44012 ls6700">schemes</span></p></div></div><div class="pp-class-4" id="pp-id-4499" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44013 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV's </span><span class="pp-class-166 pa t41653 l20293 ls497">share </span><span class="pp-class-166 pa t41653 l30085">option </span><span class="pp-class-166 pa t41653 l44014">schemes </span><span class="pp-class-166 pa t41653 l44015 ls228">are </span><span class="pp-class-166 pa t41653 l26094 ls1595">equity-settled, </span><span class="pp-class-166 pa t41653 l44016 ls1528">measured </span><span class="pp-class-166 pa t41653 l44017">at </span><span class="pp-class-166 pa t41653 l30491">the </span><span class="pp-class-166 pa t41653 l44018 ls1129">grant </span><span class="pp-class-166 pa t41653 l30261 ls1122">date </span><span class="pp-class-166 pa t41661 l3">and </span><span class="pp-class-166 pa t41661 l1192 ls564">recognised </span><span class="pp-class-166 pa t41661 l41966">in </span><span class="pp-class-166 pa t41661 l43261">the </span><span class="pp-class-166 pa t41661 l44019 ls1122">statement </span><span class="pp-class-166 pa t41661 l44020">of </span><span class="pp-class-166 pa t41661 l28312 ls564">profit </span><span class="pp-class-166 pa t41661 l44021">or </span><span class="pp-class-166 pa t41661 l44022 ls48">loss </span><span class="pp-class-166 pa t41661 l26957">as </span><span class="pp-class-166 pa t41661 l27152 ls1575">staff </span><span class="pp-class-166 pa t41661 l20290 ls1129">costs </span><span class="pp-class-166 pa t41661 l8906 ls48">over </span><span class="pp-class-166 pa t41661 l44023">the </span><span class="pp-class-166 pa t41661 l44024 ls461">vesting </span><span class="pp-class-166 pa t41669 l3">period. </span><span class="pp-class-166 pa t41669 l44025">The </span><span class="pp-class-166 pa t41669 l44026 ls158">offsetting </span><span class="pp-class-166 pa t41669 l14494 ls1122">item </span><span class="pp-class-166 pa t41669 l4618">is </span><span class="pp-class-166 pa t41669 l26871 ls564">recognised </span><span class="pp-class-166 pa t41669 l44027 ls461">directly </span><span class="pp-class-166 pa t41669 l21594">in </span><span class="pp-class-166 pa t41669 l6835 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42544 l3">The </span><span class="pp-class-166 pa t42544 l1525 ls101">value </span><span class="pp-class-166 pa t42544 l34625">of </span><span class="pp-class-166 pa t42544 l44028">employee </span><span class="pp-class-166 pa t42544 l6408 ls457">services </span><span class="pp-class-166 pa t42544 l44029 ls1416">received </span><span class="pp-class-166 pa t42544 l33134">during </span><span class="pp-class-166 pa t42544 l33108">the </span><span class="pp-class-166 pa t42544 l22449 ls461">vesting </span><span class="pp-class-166 pa t42544 l29408">period </span><span class="pp-class-166 pa t42544 l44030">in </span><span class="pp-class-166 pa t42544 l21720 ls851">exchange </span><span class="pp-class-166 pa t41680 l3 ls228">for </span><span class="pp-class-166 pa t41680 l2086 ls497">share </span><span class="pp-class-166 pa t41680 l27693">options </span><span class="pp-class-166 pa t41680 l44031 ls1502">granted </span><span class="pp-class-166 pa t41680 l33048 ls4405">corresponds </span><span class="pp-class-166 pa t41680 l44032 ls135">to </span><span class="pp-class-166 pa t41680 l33646">the </span><span class="pp-class-166 pa t41680 l44033 ls2307">fair </span><span class="pp-class-166 pa t41680 l15359 ls101">value </span><span class="pp-class-166 pa t41680 l44034">of </span><span class="pp-class-166 pa t41680 l44035">the </span><span class="pp-class-166 pa t41680 l44036 ls497">share </span><span class="pp-class-166 pa t41680 l44037">options </span><span class="pp-class-166 pa t41680 l44038">at </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls1122">date </span><span class="pp-class-166 pa t41687 l1734">of </span><span class="pp-class-166 pa t41687 l9104 ls1217">granting. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3 ls1853">The </span><span class="pp-class-166 pa t42559 l1942 ls1186">fair </span><span class="pp-class-166 pa t42559 l15479 ls1536">value </span><span class="pp-class-166 pa t42559 l44039 ls1866">of </span><span class="pp-class-166 pa t42559 l31775 ls1853">the </span><span class="pp-class-166 pa t42559 l44040 ls2660">options </span><span class="pp-class-166 pa t42559 l2225 ls7353">granted </span><span class="pp-class-166 pa t42559 l44041 ls1866">is </span><span class="pp-class-166 pa t42559 l30802 ls191">determined </span><span class="pp-class-166 pa t42559 l26400 ls2688">based </span><span class="pp-class-166 pa t42559 l26837 ls1866">on </span><span class="pp-class-166 pa t42559 l21078 ls1853">the </span><span class="pp-class-166 pa t42559 l44042 ls2688">Black </span><span class="pp-class-166 pa t42559 l44043 ls2307">&amp; </span><span class="pp-class-166 pa t42559 l44044 ls1853">Scholes </span><span class="pp-class-166 pa t41696 l3 ls394">valuation </span><span class="pp-class-166 pa t41696 l41233">model. </span><span class="pp-class-166 pa t41696 l44045">The </span><span class="pp-class-166 pa t41696 l44046 ls205">assumptions </span><span class="pp-class-166 pa t41696 l9916">used </span><span class="pp-class-166 pa t41696 l19303">in </span><span class="pp-class-166 pa t41696 l5762">the </span><span class="pp-class-166 pa t41696 l2899 ls394">valuation </span><span class="pp-class-166 pa t41696 l44047 ls497">takes </span><span class="pp-class-166 pa t41696 l44048 ls1122">into </span><span class="pp-class-166 pa t41696 l44049 ls614">account </span><span class="pp-class-166 pa t41696 l27164">the </span><span class="pp-class-166 pa t41704 l3 ls189">terms </span><span class="pp-class-166 pa t41704 l26657">and </span><span class="pp-class-166 pa t41704 l13479 ls923">conditions </span><span class="pp-class-166 pa t41704 l44050 ls1026">applicable </span><span class="pp-class-166 pa t41704 l19005 ls135">to </span><span class="pp-class-166 pa t41704 l42573">the </span><span class="pp-class-166 pa t41704 l21610">options </span><span class="pp-class-166 pa t41704 l6874 ls1502">granted </span><span class="pp-class-166 pa t41704 l36717">and </span><span class="pp-class-166 pa t41704 l44051 ls1528">Management’s </span><span class="pp-class-166 pa t41711 l3 ls239">expectations </span><span class="pp-class-166 pa t41711 l44052">of </span><span class="pp-class-166 pa t41711 l43674">the </span><span class="pp-class-166 pa t41711 l44053 ls455">various </span><span class="pp-class-166 pa t41711 l15499 ls564">parameters </span><span class="pp-class-166 pa t41711 l20100">on </span><span class="pp-class-166 pa t41711 l44054">which </span><span class="pp-class-166 pa t41711 l44055">the </span><span class="pp-class-166 pa t41711 l44056 ls394">valuation </span><span class="pp-class-166 pa t41711 l44057">model </span><span class="pp-class-166 pa t41711 l44058">is </span><span class="pp-class-166 pa t41711 l44059">based.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42587 l3 ls2690">Upon </span><span class="pp-class-166 pa t42587 l39659 ls2660">initial </span><span class="pp-class-166 pa t42587 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t42587 l39660 ls1866">an </span><span class="pp-class-166 pa t42587 l44060 ls191">estimate </span><span class="pp-class-166 pa t42587 l6297 ls1866">is </span><span class="pp-class-166 pa t42587 l44061 ls2690">made </span><span class="pp-class-166 pa t42587 l19012 ls1866">of </span><span class="pp-class-166 pa t42587 l44062 ls1853">the </span><span class="pp-class-166 pa t42587 l44063 ls1858">number </span><span class="pp-class-166 pa t42587 l44064 ls1866">of </span><span class="pp-class-166 pa t42587 l22140 ls2247">share </span><span class="pp-class-166 pa t42587 l44065 ls2660">options </span><span class="pp-class-166 pa t42587 l44066 ls135">that </span><span class="pp-class-166 pa t41720 l3">the </span><span class="pp-class-166 pa t41720 l1913">employees </span><span class="pp-class-166 pa t41720 l24454 ls228">are </span><span class="pp-class-166 pa t41720 l27527 ls70">expected </span><span class="pp-class-166 pa t41720 l44067 ls135">to </span><span class="pp-class-166 pa t41720 l11009 ls101">earn. </span><span class="pp-class-166 pa t41720 l44068">The </span><span class="pp-class-166 pa t41720 l44069 ls1217">estimated </span><span class="pp-class-166 pa t41720 l36736">number </span><span class="pp-class-166 pa t41720 l44070">of </span><span class="pp-class-166 pa t41720 l44071 ls497">share </span><span class="pp-class-166 pa t41720 l44072">options </span><span class="pp-class-166 pa t41720 l44073">is </span><span class="pp-class-166 pa t41727 l3">subsequently </span><span class="pp-class-166 pa t41727 l2316 ls740">adjusted </span><span class="pp-class-166 pa t41727 l2374 ls135">to </span><span class="pp-class-166 pa t41727 l44074 ls93">reflect </span><span class="pp-class-166 pa t41727 l6873">the </span><span class="pp-class-166 pa t41727 l8764 ls1636">actual </span><span class="pp-class-166 pa t41727 l12481">number </span><span class="pp-class-166 pa t41727 l44075">of </span><span class="pp-class-166 pa t41727 l6984 ls497">share </span><span class="pp-class-166 pa t41727 l44076">options </span><span class="pp-class-166 pa t41727 l44077 ls455">earned. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41743 l3 ls1853">The </span><span class="pp-class-166 pa t41743 l1942 ls2325">estimated </span><span class="pp-class-166 pa t41743 l44078 ls2836">volatility </span><span class="pp-class-166 pa t41743 l28660 ls1866">is </span><span class="pp-class-166 pa t41743 l41821 ls2688">based </span><span class="pp-class-166 pa t41743 l44079 ls1866">on </span><span class="pp-class-166 pa t41743 l44080 ls2295">historical </span><span class="pp-class-166 pa t41743 l44081 ls2483">data </span><span class="pp-class-166 pa t41743 l44082 ls83">over </span><span class="pp-class-166 pa t41743 l44083 ls1853">the </span><span class="pp-class-166 pa t41743 l44084 ls2298">preceding </span><span class="pp-class-166 pa t41743 l10601 ls497">three </span><span class="pp-class-166 pa t41743 l44085 ls101">years </span><span class="pp-class-166 pa t42609 l3 ls740">adjusted </span><span class="pp-class-166 pa t42609 l6178 ls228">for </span><span class="pp-class-166 pa t42609 l5028">any </span><span class="pp-class-166 pa t42609 l44086">unusual </span><span class="pp-class-166 pa t42609 l3556 ls2432">circumstances </span><span class="pp-class-166 pa t42609 l35414">during </span><span class="pp-class-166 pa t42609 l26497">the </span><span class="pp-class-166 pa t42609 l44087">period. </span><span class="pp-class-166 pa t42609 l9959">The </span><span class="pp-class-166 pa t42609 l44088 ls394">valuation </span><span class="pp-class-166 pa t42609 l44089">of </span><span class="pp-class-166 pa t42609 l44090">the </span><span class="pp-class-166 pa t41744 l3 ls497">share </span><span class="pp-class-166 pa t41744 l22334">options </span><span class="pp-class-166 pa t41744 l35115 ls1502">granted </span><span class="pp-class-166 pa t41744 l44091">in </span><span class="pp-class-166 pa t41744 l6214">2025 </span><span class="pp-class-166 pa t41744 l44092">and </span><span class="pp-class-166 pa t41744 l10216 ls1740">2024 </span><span class="pp-class-166 pa t41744 l20239 ls2540">is </span><span class="pp-class-166 pa t41744 l44093 ls2061">based </span><span class="pp-class-166 pa t41744 l44094 ls2540">on </span><span class="pp-class-166 pa t41744 l44095 ls1528">the </span><span class="pp-class-166 pa t41744 l44096 ls6804">following </span><span class="pp-class-166 pa t41744 l9922 ls75">assumptions:</span></p></div></div><div class="pp-class-4" id="pp-id-4500" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44097 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls228">Assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l44098 ls1866">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l44099 ls1866">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls1444">Exercise </span><span class="pp-class-166 pa t34827 l41296 ls189">price </span><span class="pp-class-166 pa t34827 l44100">(DKK)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44101">1,376.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44102">1,521.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44103">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1418">Volatility</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l44104">20.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l42474">20.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l40662">20.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls851">Risk-free </span><span class="pp-class-166 pa t35092 l31213 ls135">interest </span><span class="pp-class-166 pa t35092 l12459 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l44105">2.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l42472">2.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l40653">3.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3 ls951">Expected </span><span class="pp-class-166 pa t35098 l42454">dividends</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l44105">0.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l42472">0.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l40653">0.8%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls951">Expected </span><span class="pp-class-166 pa t35099 l42454 ls851">remaining </span><span class="pp-class-166 pa t35099 l25770 ls267">life </span><span class="pp-class-166 pa t35099 l5940 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28174">3.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28175">3.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28176">3.5</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4501" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44106 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls7002">Current </span><span class="pp-class-170 pa t28110 l39251 ls1663">share </span><span class="pp-class-170 pa t28110 l44107 ls1858">option </span><span class="pp-class-170 pa t28110 l44108 ls1858">schemes</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">Scheme</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44109">Options </span><span class="pp-class-166 pa t37784 l44110 ls2870">granted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44111 ls1444">Exercise </span><span class="pp-class-166 pa t37784 l44112">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44113 ls1444">Exercise </span><span class="pp-class-166 pa t28110 l44114 ls189">price </span><span class="pp-class-166 pa t37784 l44115">(DKK)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44116">Number </span><span class="pp-class-166 pa t28110 l44117">of </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44118">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44119 ls3342">Fair </span><span class="pp-class-166 pa t28110 l44120 ls101">value </span><span class="pp-class-166 pa t28110 l44121">at </span><span class="pp-class-166 pa t28110 l44122 ls1122">date </span><span class="pp-class-166 pa t28110 l44123">of </span><span class="pp-class-166 pa t37784 l44124 ls740">granting </span><span class="pp-class-166 pa t37784 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">2021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44125">2,438,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l4009">01.04.2024 </span><span class="pp-class-166 pa t33226 l44126">- </span><span class="pp-class-166 pa t33226 l44127">31.03.2026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44128">1,325.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42834">2,202</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44129">205.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44125">2,640,900</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l4009">01.04.2025 </span><span class="pp-class-166 pa t40837 l44126">- </span><span class="pp-class-166 pa t40837 l44127">31.03.2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44128">1,485.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42834">2,524</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44129">279.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44125">2,664,000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l4009">01.04.2026 </span><span class="pp-class-166 pa t40841 l44126">- </span><span class="pp-class-166 pa t40841 l44127">31.03.2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44128">1,485.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42834">2,516</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44129">368.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44125">2,017,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l4009">01.04.2027 </span><span class="pp-class-166 pa t40842 l44126">- </span><span class="pp-class-166 pa t40842 l44127">31.03.2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44128">1,106.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42834">2,196</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44129">366.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44125">1,782,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l4009">01.04.2028 </span><span class="pp-class-166 pa t40847 l44126">- </span><span class="pp-class-166 pa t40847 l44127">31.03.2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44128">1,376.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42834">2,235</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44129">381.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44130">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l4009">01.04.2028 </span><span class="pp-class-166 pa t37425 l44126">- </span><span class="pp-class-166 pa t37425 l44127">31.03.2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44128">1,521.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42850">92</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28940">28.2</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4502" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44131 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls1663">Share </span><span class="pp-class-170 pa t28110 l4161 ls1858">option </span><span class="pp-class-170 pa t28110 l44132 ls2660">schemes </span><span class="pp-class-170 pa t28110 l44133 ls1866">at </span><span class="pp-class-170 pa t28110 l44134 ls1866">31 </span><span class="pp-class-170 pa t28110 l44135 ls1860">December </span><span class="pp-class-170 pa t28110 l44136 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">Scheme</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44137 ls93">Executive </span><span class="pp-class-166 pa t37784 l44138 ls267">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44139 ls1430">Key </span><span class="pp-class-166 pa t37784 l44140">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44141 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44142 ls2834">Average </span><span class="pp-class-166 pa t28110 l44143 ls3267">exercise </span><span class="pp-class-166 pa t28110 l44144 ls189">price </span><span class="pp-class-166 pa t37784 l44145">per </span><span class="pp-class-166 pa t37784 l44146">option </span><span class="pp-class-166 pa t37784 l44147">(DKK)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">2021</span><span class="pp-class-174 pa t44148 l28657">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44149">66,000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44150">883,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44151">949,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44152">1,325.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">2022</span><span class="pp-class-174 pa t44153 l28657">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44154">125,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44155">1,983,050</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44156">2,108,550</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44152">1,485.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44154">129,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44155">2,376,550</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44156">2,505,850</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44152">1,485.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44154">116,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44155">1,828,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44156">1,945,695</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44152">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44154">134,330</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44155">1,631,380</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44156">1,765,710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44152">1,376.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44157">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44150">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44151">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44152">1,521.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t37427 l44158 ls1866">at </span><span class="pp-class-170 pa t37427 l44159 ls1866">31 </span><span class="pp-class-170 pa t37427 l44160 ls1860">December </span><span class="pp-class-170 pa t37427 l43287 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44161">572,075</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44162">8,827,958</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44163">9,400,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44164">1,370.4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l3">Open </span><span class="pp-class-166 pa t11315 l44165 ls228">for </span><span class="pp-class-166 pa t11315 l44166 ls3267">exercise </span><span class="pp-class-166 pa t11315 l11308">at </span><span class="pp-class-166 pa t11315 l44167">31 </span><span class="pp-class-166 pa t11315 l44168 ls234">December </span><span class="pp-class-166 pa t11315 l44169">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44154">191,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44155">2,866,293</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44156">3,057,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44152">1,435.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l3 ls267">Life </span><span class="pp-class-166 pa t44170 l44171 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44172">2.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44173">2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44174">2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44175">n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l3 ls3342">Fair </span><span class="pp-class-166 pa t44176 l34964 ls101">value </span><span class="pp-class-166 pa t44176 l34965">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44177">179.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44128">2,694.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44178">2,874.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44175">n.a.</span></p></td></tr></table></div></div><div id="pp-id-4503" xmlns="http://www.w3.org/1999/xhtml"><div class="w44179 h44180 pa t2 l3 wtro4 xx2758 tro6 xx2759"><p class="pp-class-164 pp-area-text"><span class="pp-class-175 pa t4254 l3">1</span><span class="pp-class-173 pa t2760 l7664"/><span class="pp-class-173 pa t2760 l4255 ls856">Share </span><span class="pp-class-173 pa t2760 l44181 ls166">options </span><span class="pp-class-173 pa t2760 l44182 ls1129">granted </span><span class="pp-class-173 pa t2760 l44183">in </span><span class="pp-class-173 pa t2760 l44184">2021 </span><span class="pp-class-173 pa t2760 l44185">and </span><span class="pp-class-173 pa t2760 l44186">2022 </span><span class="pp-class-173 pa t2760 l44187 ls52">are </span><span class="pp-class-173 pa t2760 l44188 ls3782">currently </span><span class="pp-class-173 pa t2760 l44189 ls1129">exercisable.</span></p></div></div><div class="pp-class-4" id="pp-id-4504" xmlns="http://www.w3.org/1999/xhtml"><div class="w44190 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.2 </span><span class="pp-class-169 pa t254 l37093 ls257">Share </span><span class="pp-class-169 pa t254 l44011 ls6700">option </span><span class="pp-class-169 pa t254 l44012 ls692">schemes </span><span class="pp-class-169 pa t254 l44191 ls1180">— </span><span class="pp-class-169 pa t254 l44192 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4505" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44193 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls6083">Share </span><span class="pp-class-170 pa t41651 l41198 ls3050">option </span><span class="pp-class-170 pa t41651 l44194 ls3050">schemes</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV </span><span class="pp-class-166 pa t41653 l202">has </span><span class="pp-class-166 pa t41653 l17851">launched </span><span class="pp-class-166 pa t41653 l7275 ls740">share-based </span><span class="pp-class-166 pa t41653 l11041 ls704">incentive </span><span class="pp-class-166 pa t41653 l29982">schemes </span><span class="pp-class-166 pa t41653 l44195">with </span><span class="pp-class-166 pa t41653 l4919">the </span><span class="pp-class-166 pa t41653 l44196">purpose </span><span class="pp-class-166 pa t41653 l44197">of </span><span class="pp-class-166 pa t41653 l42754 ls189">moti-</span><span class="pp-class-166 pa t41661 l3 ls239">vating </span><span class="pp-class-166 pa t41661 l44198">and </span><span class="pp-class-166 pa t41661 l44199 ls497">retaining </span><span class="pp-class-166 pa t41661 l32219 ls1119">key </span><span class="pp-class-166 pa t41661 l2996">employees </span><span class="pp-class-166 pa t41661 l3567 ls702">across </span><span class="pp-class-166 pa t41661 l44200">the </span><span class="pp-class-166 pa t41661 l44201 ls2022">organisation </span><span class="pp-class-166 pa t41661 l44202">and </span><span class="pp-class-166 pa t41661 l44203">aligning </span><span class="pp-class-166 pa t41661 l44204">their </span><span class="pp-class-166 pa t41669 l3 ls921">interests </span><span class="pp-class-166 pa t41669 l14570">with </span><span class="pp-class-166 pa t41669 l44205">those </span><span class="pp-class-166 pa t41669 l14725">of </span><span class="pp-class-166 pa t41669 l6408">our </span><span class="pp-class-166 pa t41669 l22743 ls180">shareholders. </span><span class="pp-class-166 pa t41669 l31992 ls497">Share </span><span class="pp-class-166 pa t41669 l26017">options </span><span class="pp-class-166 pa t41669 l14469 ls228">are </span><span class="pp-class-166 pa t41669 l44206 ls1416">awarded </span><span class="pp-class-166 pa t41669 l44207 ls135">to </span><span class="pp-class-166 pa t41669 l44208 ls1119">key </span><span class="pp-class-166 pa t41677 l3">employees </span><span class="pp-class-166 pa t41677 l19322">and </span><span class="pp-class-166 pa t41677 l5255">members </span><span class="pp-class-166 pa t41677 l44209">of </span><span class="pp-class-166 pa t41677 l44210">the </span><span class="pp-class-166 pa t41677 l44211 ls93">Executive </span><span class="pp-class-166 pa t41677 l44212 ls497">Board.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41680 l3 ls1021">Retention </span><span class="pp-class-166 pa t41680 l44213">is </span><span class="pp-class-166 pa t41680 l26860 ls1122">motivated </span><span class="pp-class-166 pa t41680 l44214">by </span><span class="pp-class-166 pa t41680 l44215 ls851">requiring </span><span class="pp-class-166 pa t41680 l14326 ls1428">continued </span><span class="pp-class-166 pa t41680 l44216 ls1915">service </span><span class="pp-class-166 pa t41680 l29953 ls228">for </span><span class="pp-class-166 pa t41680 l41685">a </span><span class="pp-class-166 pa t41680 l6012">period </span><span class="pp-class-166 pa t41680 l44217 ls1217">covering </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls461">vesting </span><span class="pp-class-166 pa t41687 l14203">period </span><span class="pp-class-166 pa t41687 l6762">as </span><span class="pp-class-166 pa t41687 l39461">a </span><span class="pp-class-166 pa t41687 l44218">minimum. </span><span class="pp-class-166 pa t41687 l3457">The </span><span class="pp-class-166 pa t41687 l14552">schemes </span><span class="pp-class-166 pa t41687 l44219 ls228">are </span><span class="pp-class-166 pa t41687 l44220">also </span><span class="pp-class-166 pa t41687 l44221 ls234">intended </span><span class="pp-class-166 pa t41687 l44222 ls135">to </span><span class="pp-class-166 pa t41687 l44223">align </span><span class="pp-class-166 pa t41687 l39249">the </span><span class="pp-class-166 pa t41695 l3 ls921">interests </span><span class="pp-class-166 pa t41695 l14570">of </span><span class="pp-class-166 pa t41695 l15150">employees </span><span class="pp-class-166 pa t41695 l44224">and </span><span class="pp-class-166 pa t41695 l32863 ls180">shareholders. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41696 l3">All </span><span class="pp-class-166 pa t41696 l2312 ls9321">active </span><span class="pp-class-166 pa t41696 l23114">schemes </span><span class="pp-class-166 pa t41696 l44225 ls1849">entail </span><span class="pp-class-166 pa t41696 l19052">a </span><span class="pp-class-166 pa t41696 l44226 ls2476">three-year </span><span class="pp-class-166 pa t41696 l44227 ls461">vesting </span><span class="pp-class-166 pa t41696 l44228">period </span><span class="pp-class-166 pa t41696 l44229">and </span><span class="pp-class-166 pa t41696 l6936">a </span><span class="pp-class-166 pa t41696 l22443 ls377">two-year </span><span class="pp-class-166 pa t41696 l44230 ls3267">exercise </span><span class="pp-class-166 pa t41704 l3">period. </span><span class="pp-class-166 pa t41704 l44025">In </span><span class="pp-class-166 pa t41704 l27192 ls923">case </span><span class="pp-class-166 pa t41704 l29484">of </span><span class="pp-class-166 pa t41704 l44231">a </span><span class="pp-class-166 pa t41704 l44232">change </span><span class="pp-class-166 pa t41704 l44233">of </span><span class="pp-class-166 pa t41704 l42316 ls265">control, </span><span class="pp-class-166 pa t41704 l44234">all </span><span class="pp-class-166 pa t41704 l13472 ls86">outstanding </span><span class="pp-class-166 pa t41704 l44235 ls497">share </span><span class="pp-class-166 pa t41704 l44051">options </span><span class="pp-class-166 pa t41704 l44236">will </span><span class="pp-class-166 pa t41704 l38476 ls4153">vest. </span><span class="pp-class-166 pa t41711 l3 ls1444">Exercise </span><span class="pp-class-166 pa t41711 l41296 ls740">prices </span><span class="pp-class-166 pa t41711 l44237 ls228">are </span><span class="pp-class-166 pa t41711 l2043 ls234">set </span><span class="pp-class-166 pa t41711 l44238">based </span><span class="pp-class-166 pa t41711 l44239">on </span><span class="pp-class-166 pa t41711 l26833">the </span><span class="pp-class-166 pa t41711 l26834 ls2236">quoted </span><span class="pp-class-166 pa t41711 l44240 ls495">market </span><span class="pp-class-166 pa t41711 l44241 ls740">prices </span><span class="pp-class-166 pa t41711 l44064 ls455">leading </span><span class="pp-class-166 pa t41711 l44242">up </span><span class="pp-class-166 pa t41711 l13729 ls135">to </span><span class="pp-class-166 pa t41711 l43682">the </span><span class="pp-class-166 pa t41717 l3 ls1122">date </span><span class="pp-class-166 pa t41717 l36613">of </span><span class="pp-class-166 pa t41717 l44243 ls1217">granting. </span><span class="pp-class-166 pa t41717 l44244">The </span><span class="pp-class-166 pa t41717 l38000 ls497">share </span><span class="pp-class-166 pa t41717 l44245">options </span><span class="pp-class-166 pa t41717 l2716 ls234">can </span><span class="pp-class-166 pa t41717 l44246">be </span><span class="pp-class-166 pa t41717 l5089 ls1766">exercised </span><span class="pp-class-166 pa t41717 l44247">by </span><span class="pp-class-166 pa t41717 l44248 ls923">cash </span><span class="pp-class-166 pa t41717 l44249 ls66">purchase </span><span class="pp-class-166 pa t41717 l44250">of </span><span class="pp-class-166 pa t41717 l39429 ls564">shares </span><span class="pp-class-166 pa t42587 l3 ls2236">only. </span><span class="pp-class-166 pa t42587 l27906">The </span><span class="pp-class-166 pa t42587 l44251">obligation </span><span class="pp-class-166 pa t42587 l44252 ls66">relating </span><span class="pp-class-166 pa t42587 l44253 ls135">to </span><span class="pp-class-166 pa t42587 l4035">the </span><span class="pp-class-166 pa t42587 l42573">schemes </span><span class="pp-class-166 pa t42587 l34143">is </span><span class="pp-class-166 pa t42587 l44228 ls1617">partly </span><span class="pp-class-166 pa t42587 l16032 ls2081">covered </span><span class="pp-class-166 pa t42587 l15066">by </span><span class="pp-class-166 pa t42587 l23936">the </span><span class="pp-class-166 pa t42587 l44254 ls856">Company’s </span><span class="pp-class-166 pa t41720 l3 ls187">treasury </span><span class="pp-class-166 pa t41720 l44255 ls564">shares.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41734 l3 ls497">Share </span><span class="pp-class-166 pa t41734 l15462">options </span><span class="pp-class-166 pa t41734 l44256 ls228">are </span><span class="pp-class-166 pa t41734 l19265 ls1502">granted </span><span class="pp-class-166 pa t41734 l44257">in </span><span class="pp-class-166 pa t41734 l44258 ls228">accordance </span><span class="pp-class-166 pa t41734 l44259">with </span><span class="pp-class-166 pa t41734 l44260">the </span><span class="pp-class-166 pa t41734 l44261 ls3681">procedures </span><span class="pp-class-166 pa t41734 l44262">outlined </span><span class="pp-class-166 pa t41734 l24323">in </span><span class="pp-class-166 pa t41734 l44263">the </span><span class="pp-class-166 pa t41743 l3 ls1165">Group’s </span><span class="pp-class-166 pa t41743 l5922 ls851">Remuneration </span><span class="pp-class-166 pa t41743 l44264 ls1575">Policy </span><span class="pp-class-166 pa t41743 l44265 ls228">for </span><span class="pp-class-166 pa t41743 l44266">the </span><span class="pp-class-166 pa t41743 l37221 ls143">respective </span><span class="pp-class-166 pa t41743 l16319 ls1536">year. </span><span class="pp-class-166 pa t41743 l28653">In </span><span class="pp-class-166 pa t41743 l19910">2025, </span><span class="pp-class-166 pa t41743 l31724 ls70">two </span><span class="pp-class-166 pa t41743 l22189 ls497">share </span><span class="pp-class-166 pa t41743 l44267">option </span><span class="pp-class-166 pa t42609 l3">schemes </span><span class="pp-class-166 pa t42609 l44268 ls2487">were </span><span class="pp-class-166 pa t42609 l44269 ls1502">granted.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3">A </span><span class="pp-class-166 pa t41746 l454 ls169">total </span><span class="pp-class-166 pa t41746 l44270">of </span><span class="pp-class-166 pa t41746 l27865">3,184 </span><span class="pp-class-166 pa t41746 l44271">employees </span><span class="pp-class-166 pa t41746 l19379">held </span><span class="pp-class-166 pa t41746 l44272 ls497">share </span><span class="pp-class-166 pa t41746 l12268">options </span><span class="pp-class-166 pa t41746 l44273">at </span><span class="pp-class-166 pa t41746 l44274">31 </span><span class="pp-class-166 pa t41746 l1508 ls234">December </span><span class="pp-class-166 pa t41746 l44275">2025 </span><span class="pp-class-166 pa t41746 l44276">(2024: </span><span class="pp-class-166 pa t41750 l3">3,054 </span><span class="pp-class-166 pa t41750 l8623">employees). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42629 l3 ls3686">Total </span><span class="pp-class-166 pa t42629 l8908 ls1129">costs </span><span class="pp-class-166 pa t42629 l30425 ls564">recognised </span><span class="pp-class-166 pa t42629 l44277">in </span><span class="pp-class-166 pa t42629 l44278">2025 </span><span class="pp-class-166 pa t42629 l44279 ls228">for </span><span class="pp-class-166 pa t42629 l44280 ls457">services </span><span class="pp-class-166 pa t42629 l44281 ls1416">received </span><span class="pp-class-166 pa t42629 l44282">but </span><span class="pp-class-166 pa t42629 l44283 ls1528">not </span><span class="pp-class-166 pa t42629 l21019 ls564">recognised </span><span class="pp-class-166 pa t42629 l44284">as </span><span class="pp-class-166 pa t41758 l3">an </span><span class="pp-class-166 pa t41758 l12559 ls1428">asset </span><span class="pp-class-166 pa t41758 l4185 ls234">amounted </span><span class="pp-class-166 pa t41758 l18746 ls135">to </span><span class="pp-class-166 pa t41758 l7411">DKK </span><span class="pp-class-166 pa t41758 l15398">359 </span><span class="pp-class-166 pa t41758 l41810">million </span><span class="pp-class-166 pa t41758 l44285">(2024: </span><span class="pp-class-166 pa t41758 l3899">DKK </span><span class="pp-class-166 pa t41758 l40627">327 </span><span class="pp-class-166 pa t41758 l20737">million). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41767 l3">The </span><span class="pp-class-166 pa t41767 l1525 ls946">average </span><span class="pp-class-166 pa t41767 l18726 ls497">share </span><span class="pp-class-166 pa t41767 l44286 ls189">price </span><span class="pp-class-166 pa t41767 l29452 ls228">for </span><span class="pp-class-166 pa t41767 l11088">options </span><span class="pp-class-166 pa t41767 l23433 ls1766">exercised </span><span class="pp-class-166 pa t41767 l32015">in </span><span class="pp-class-166 pa t41767 l44287">the </span><span class="pp-class-166 pa t41767 l44288">financial </span><span class="pp-class-166 pa t41767 l30587 ls48">year </span><span class="pp-class-166 pa t41767 l41567 ls1528">was </span><span class="pp-class-166 pa t41767 l44289">DKK </span><span class="pp-class-166 pa t41777 l3">1,475.9 </span><span class="pp-class-166 pa t41777 l44290">per </span><span class="pp-class-166 pa t41777 l33793 ls497">share </span><span class="pp-class-166 pa t41777 l44291">at </span><span class="pp-class-166 pa t41777 l44292">the </span><span class="pp-class-166 pa t41777 l3080 ls1122">date </span><span class="pp-class-166 pa t41777 l4478">of </span><span class="pp-class-166 pa t41777 l44293 ls3267">exercise </span><span class="pp-class-166 pa t41777 l20655">(2024: </span><span class="pp-class-166 pa t41777 l30954">DKK </span><span class="pp-class-166 pa t41777 l44294">1,245.8 </span><span class="pp-class-166 pa t41777 l44295">per </span><span class="pp-class-166 pa t41777 l44296 ls564">share).</span></p></div></div><div id="pp-id-4506" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44297 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t37786 l44158 ls1663">share </span><span class="pp-class-170 pa t37786 l44298 ls1858">options</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44299 ls70">Executive</span><span class="pp-class-166 pa t37786 l44300"/><span class="pp-class-166 pa t37786 l44301 ls267">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44302 ls1430">Key </span><span class="pp-class-166 pa t37786 l44303">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l44304 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44305 ls2834">Average </span><span class="pp-class-166 pa t28110 l44306 ls3267">exercise </span><span class="pp-class-166 pa t37784 l44307 ls189">price </span><span class="pp-class-166 pa t37784 l44308">per </span><span class="pp-class-166 pa t37784 l44309">option </span><span class="pp-class-166 pa t37786 l44147">(DKK)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3 ls86">Outstanding </span><span class="pp-class-166 pa t37810 l44310">at </span><span class="pp-class-166 pa t37810 l44311">1 </span><span class="pp-class-166 pa t37810 l15566 ls1915">January </span><span class="pp-class-166 pa t37810 l8813">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44312"/><span class="pp-class-166 pa t37810 l44313">467,745 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44314"/><span class="pp-class-166 pa t37810 l44315">8,966,411 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44316"/><span class="pp-class-166 pa t37810 l44317">9,434,156 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44318"/><span class="pp-class-166 pa t37810 l44152">1,323.8 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls1502">Granted </span><span class="pp-class-166 pa t37821 l3944">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44313">134,330</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44315">1,647,885</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44317">1,782,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44152">1,376.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3 ls1502">Granted </span><span class="pp-class-166 pa t37823 l3944">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44320">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44321">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44152">1,521.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3 ls1444">Exercised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44322">(30,000)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44323">(1,782,460)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44324">(1,812,460)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44152">1,147.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l3">Options </span><span class="pp-class-166 pa t8918 l33523 ls3238">waived/expired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44325">(128,863)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44326">(128,863)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44152">1,315.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t39932 l44158 ls1866">at </span><span class="pp-class-170 pa t39932 l44159 ls1866">31 </span><span class="pp-class-170 pa t39932 l44160 ls1860">December </span><span class="pp-class-170 pa t39932 l43287 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44327 ls1858">572,075</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44328 ls1498">8,827,958</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44329 ls1498">9,400,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44330 ls1858">1,370.4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l3 ls86">Outstanding </span><span class="pp-class-166 pa t39943 l44310">at </span><span class="pp-class-166 pa t39943 l44311">1 </span><span class="pp-class-166 pa t39943 l15566 ls1915">January </span><span class="pp-class-166 pa t39943 l8813">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44313">565,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44315">9,351,375</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44317">9,917,125</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44152">1,219.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l3 ls2269">Transferred</span><span class="pp-class-174 pa t44331 l29129">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44332">(190,950)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44320">190,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44333">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44175">n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l3 ls2870">Granted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44313">116,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44315">1,900,220</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44317">2,017,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44152">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l3 ls1444">Exercised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44322">(24,000)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44323">(2,237,172)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44324">(2,261,172)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44129">664.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l3">Options </span><span class="pp-class-166 pa t39350 l33523 ls3238">waived/expired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44325">(238,962)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44326">(238,962)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44152">1,380.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t39357 l44158 ls1866">at </span><span class="pp-class-170 pa t39357 l44159 ls1866">31 </span><span class="pp-class-170 pa t39357 l44160 ls1860">December </span><span class="pp-class-170 pa t39357 l43287 ls1853">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44327 ls1858">467,745</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44328 ls1498">8,966,411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44329 ls1498">9,434,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44330 ls1858">1,323.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-175 pa t44334 l3">1</span><span class="pp-class-173 pa t44335 l7664"/><span class="pp-class-173 pa t44335 l4255 ls15770">Brian </span><span class="pp-class-173 pa t44335 l44336 ls166">Ejsing </span><span class="pp-class-173 pa t44335 l44337">has </span><span class="pp-class-173 pa t44335 l44338 ls704">previously </span><span class="pp-class-173 pa t44335 l44339 ls1444">received </span><span class="pp-class-173 pa t44335 l44340 ls856">share </span><span class="pp-class-173 pa t44335 l44341 ls166">options </span><span class="pp-class-173 pa t44335 l44342">in </span><span class="pp-class-173 pa t44335 l44343">the </span><span class="pp-class-173 pa t44335 l44344 ls180">Director’s </span><span class="pp-class-173 pa t44335 l44345 ls2540">former </span><span class="pp-class-173 pa t44335 l44346 ls63">capacity </span><span class="pp-class-173 pa t44335 l44347">as </span><span class="pp-class-173 pa t44335 l44348 ls154">key </span><span class="pp-class-173 pa t44335 l44349 ls166">employee. </span><span class="pp-class-173 pa t44335 l44350">These </span><span class="pp-class-173 pa t44335 l44351 ls239">have </span><span class="pp-class-173 pa t44335 l44352 ls166">been </span><span class="pp-class-173 pa t44335 l44353 ls52">transferred </span><span class="pp-class-173 pa t44335 l44354 ls3490">from </span><span class="pp-class-173 pa t44335 l44355 ls154">key </span><span class="pp-class-173 pa t44335 l44356 ls166">employees </span><span class="pp-class-173 pa t44335 l44357 ls614">to </span><span class="pp-class-173 pa t44335 l44358 ls556">Executive </span><span class="pp-class-173 pa t44335 l44359 ls2540">Board. </span><span class="pp-class-173 pa t44335 l44360 ls166">Due </span><span class="pp-class-173 pa t44335 l44361 ls614">to </span><span class="pp-class-173 pa t44335 l44362">the </span><span class="pp-class-173 pa t44335 l44363">CEO </span><span class="pp-class-173 pa t44335 l44364 ls166">change </span><span class="pp-class-173 pa t44335 l44365">that </span><span class="pp-class-173 pa t44335 l44366 ls826">took </span><span class="pp-class-173 pa t44335 l44367 ls2221">effect </span><span class="pp-class-173 pa t44335 l44368 ls166">in </span><span class="pp-class-173 pa t44369 l4255">2024, </span><span class="pp-class-173 pa t44369 l44370 ls856">share </span><span class="pp-class-173 pa t44369 l44371">options </span><span class="pp-class-173 pa t44369 l44372 ls1129">granted </span><span class="pp-class-173 pa t44369 l44373 ls614">to </span><span class="pp-class-173 pa t44369 l44374">Jens </span><span class="pp-class-173 pa t44369 l44375">Bjørn </span><span class="pp-class-173 pa t44369 l44376">Andersen </span><span class="pp-class-173 pa t44369 l44377 ls239">have </span><span class="pp-class-173 pa t44369 l44378">been </span><span class="pp-class-173 pa t44369 l44379 ls52">transferred </span><span class="pp-class-173 pa t44369 l44380 ls3490">from </span><span class="pp-class-173 pa t44369 l44381 ls556">Executive </span><span class="pp-class-173 pa t44369 l44382 ls856">Board </span><span class="pp-class-173 pa t44369 l44383 ls614">to </span><span class="pp-class-173 pa t44369 l44384 ls154">key </span><span class="pp-class-173 pa t44369 l44385">employees.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div> <div id="pp-id-4352" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37971 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t37972 l3 ls5287">Accounting </span><span class="pp-class-170 pa t37972 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37973 l3 ls826">Staff </span><span class="pp-class-166 pa t37973 l616 ls1129">costs </span><span class="pp-class-166 pa t37973 l37974 ls234">comprise </span><span class="pp-class-166 pa t37973 l21048">salaries </span><span class="pp-class-166 pa t37973 l37975">and </span><span class="pp-class-166 pa t37973 l5057 ls704">wages, </span><span class="pp-class-166 pa t37973 l37976">pension </span><span class="pp-class-166 pa t37973 l37977 ls2540">costs, </span><span class="pp-class-166 pa t37973 l37978">social </span><span class="pp-class-166 pa t37973 l23821 ls1617">security </span><span class="pp-class-166 pa t37973 l37979 ls2540">costs, </span><span class="pp-class-166 pa t37980 l3 ls1129">costs </span><span class="pp-class-166 pa t37980 l37981 ls66">relating </span><span class="pp-class-166 pa t37980 l37982 ls135">to </span><span class="pp-class-166 pa t37980 l13221 ls497">share </span><span class="pp-class-166 pa t37980 l37983">options </span><span class="pp-class-166 pa t37980 l7197">schemes </span><span class="pp-class-166 pa t37980 l37340">and </span><span class="pp-class-166 pa t37980 l19849 ls75">other </span><span class="pp-class-166 pa t37980 l37984 ls1575">staff </span><span class="pp-class-166 pa t37980 l37985 ls1129">costs </span><span class="pp-class-166 pa t37980 l4239 ls228">for </span><span class="pp-class-166 pa t37980 l37986">salaried </span><span class="pp-class-166 pa t37987 l3">employees. </span><span class="pp-class-166 pa t37987 l30144 ls826">Staff </span><span class="pp-class-166 pa t37987 l37988 ls1129">costs </span><span class="pp-class-166 pa t37987 l37989 ls228">for </span><span class="pp-class-166 pa t37987 l37990">hourly </span><span class="pp-class-166 pa t37987 l19006 ls740">workers, </span><span class="pp-class-166 pa t37987 l37991 ls564">recognised </span><span class="pp-class-166 pa t37987 l37992">as </span><span class="pp-class-166 pa t37987 l37993 ls1575">direct </span><span class="pp-class-166 pa t37987 l37994 ls2540">costs, </span><span class="pp-class-166 pa t37995 l3 ls228">are </span><span class="pp-class-166 pa t37995 l2357 ls851">excluded.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t37996 l3 ls2487">Reference </span><span class="pp-class-166 pa t37996 l37997">is </span><span class="pp-class-166 pa t37996 l37998">made </span><span class="pp-class-166 pa t37996 l37999 ls135">to </span><span class="pp-class-171 pa t37996 l38000 ls73">note </span><span class="pp-class-171 pa t37996 l23017">3.7</span><span class="pp-class-166 pa t37996 l38001"/><span class="pp-class-166 pa t37996 l33409 ls228">for </span><span class="pp-class-166 pa t37996 l38002 ls1217">detailed </span><span class="pp-class-166 pa t37996 l38003 ls740">information </span><span class="pp-class-166 pa t37996 l38004 ls267">regarding </span><span class="pp-class-166 pa t37996 l38005">pensions </span><span class="pp-class-166 pa t38006 l3">and </span><span class="pp-class-166 pa t38006 l1192 ls75">other </span><span class="pp-class-166 pa t38006 l15371 ls394">post-employment </span><span class="pp-class-166 pa t38006 l38007">benefit </span><span class="pp-class-166 pa t38006 l38008">plans, </span><span class="pp-class-171 pa t38006 l38009 ls73">note </span><span class="pp-class-171 pa t38006 l26256">6.3</span><span class="pp-class-171 pa t38006 l38010"/><span class="pp-class-166 pa t38006 l38011 ls228">for </span><span class="pp-class-166 pa t38006 l38012 ls740">information </span><span class="pp-class-166 pa t38006 l34642">on </span><span class="pp-class-166 pa t38006 l38013 ls267">remu-</span><span class="pp-class-166 pa t38014 l3 ls740">neration </span><span class="pp-class-166 pa t38014 l38015">of </span><span class="pp-class-166 pa t38014 l38016">the </span><span class="pp-class-166 pa t38014 l38017 ls93">Executive </span><span class="pp-class-166 pa t38014 l15049 ls497">Board </span><span class="pp-class-166 pa t38014 l13731">and </span><span class="pp-class-166 pa t38014 l34659">the </span><span class="pp-class-166 pa t38014 l38018 ls497">Board </span><span class="pp-class-166 pa t38014 l38019">of </span><span class="pp-class-166 pa t38014 l38020 ls826">Directors </span><span class="pp-class-166 pa t38014 l38021">and </span><span class="pp-class-171 pa t38014 l38022 ls73">note </span><span class="pp-class-171 pa t38014 l38023">6.2</span><span class="pp-class-166 pa t38014 l38024"/><span class="pp-class-166 pa t38014 l38025 ls228">for </span><span class="pp-class-166 pa t38026 l3 ls1217">detailed </span><span class="pp-class-166 pa t38026 l1975 ls740">information </span><span class="pp-class-166 pa t38026 l38027">on </span><span class="pp-class-166 pa t38026 l38028">the </span><span class="pp-class-166 pa t38026 l38029 ls1165">Group’s </span><span class="pp-class-166 pa t38026 l2625 ls497">share </span><span class="pp-class-166 pa t38026 l26496">option </span><span class="pp-class-166 pa t38026 l38030">schemes.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40040 l3 ls5287">Accounting </span><span class="pp-class-170 pa t40040 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40041 l3 ls856">Pension </span><span class="pp-class-166 pa t40041 l1468">obligations </span><span class="pp-class-166 pa t40041 l3818 ls66">relating </span><span class="pp-class-166 pa t40041 l36993 ls135">to </span><span class="pp-class-166 pa t40041 l11412">defined </span><span class="pp-class-166 pa t40041 l29337 ls428">contribution </span><span class="pp-class-166 pa t40041 l40042">plans, </span><span class="pp-class-166 pa t40041 l40043">under </span><span class="pp-class-166 pa t40041 l40044">which </span><span class="pp-class-166 pa t40041 l40045">the </span><span class="pp-class-166 pa t40046 l3 ls497">Group </span><span class="pp-class-166 pa t40046 l1132 ls4015">pays </span><span class="pp-class-166 pa t40046 l40047 ls856">regular </span><span class="pp-class-166 pa t40046 l40048">pension </span><span class="pp-class-166 pa t40046 l40049 ls1575">contributions </span><span class="pp-class-166 pa t40046 l40050 ls135">to </span><span class="pp-class-166 pa t40046 l40051">independent </span><span class="pp-class-166 pa t40046 l40052">pension </span><span class="pp-class-166 pa t40046 l40053">funds, </span><span class="pp-class-166 pa t40046 l40054 ls228">are </span><span class="pp-class-166 pa t40055 l3 ls564">recognised </span><span class="pp-class-166 pa t40055 l39656">in </span><span class="pp-class-166 pa t40055 l40056">the </span><span class="pp-class-166 pa t40055 l40057 ls1122">statement </span><span class="pp-class-166 pa t40055 l40058">of </span><span class="pp-class-166 pa t40055 l40059 ls564">profit </span><span class="pp-class-166 pa t40055 l39120">or </span><span class="pp-class-166 pa t40055 l40060 ls48">loss </span><span class="pp-class-166 pa t40055 l13463 ls228">for </span><span class="pp-class-166 pa t40055 l37565">the </span><span class="pp-class-166 pa t40055 l2366">period </span><span class="pp-class-166 pa t40055 l40061">in </span><span class="pp-class-166 pa t40055 l31429">which </span><span class="pp-class-166 pa t40055 l40062 ls890">they </span><span class="pp-class-166 pa t40055 l40063 ls228">are </span><span class="pp-class-166 pa t40064 l3 ls455">earned. </span><span class="pp-class-166 pa t40064 l40065 ls158">Contributions </span><span class="pp-class-166 pa t40064 l40066 ls455">payable </span><span class="pp-class-166 pa t40064 l9832 ls228">are </span><span class="pp-class-166 pa t40064 l40067 ls564">recognised </span><span class="pp-class-166 pa t40064 l40068">in </span><span class="pp-class-166 pa t40064 l38619">the </span><span class="pp-class-166 pa t40064 l40069 ls1122">statement </span><span class="pp-class-166 pa t40064 l37635">of </span><span class="pp-class-166 pa t40064 l12585">financial </span><span class="pp-class-166 pa t40070 l3">position </span><span class="pp-class-166 pa t40070 l39262">under </span><span class="pp-class-166 pa t40070 l28350 ls75">other </span><span class="pp-class-166 pa t40070 l40071 ls702">current </span><span class="pp-class-166 pa t40070 l40072">liabilities.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40073 l3">In </span><span class="pp-class-166 pa t40073 l1589 ls228">regards </span><span class="pp-class-166 pa t40073 l26839 ls135">to </span><span class="pp-class-166 pa t40073 l40074">defined </span><span class="pp-class-166 pa t40073 l40075">benefit </span><span class="pp-class-166 pa t40073 l40076">plans, </span><span class="pp-class-166 pa t40073 l34257">an </span><span class="pp-class-166 pa t40073 l40077 ls2030">actuarial </span><span class="pp-class-166 pa t40073 l40078 ls394">valuation </span><span class="pp-class-166 pa t40073 l40079">of </span><span class="pp-class-166 pa t40073 l40080">the </span><span class="pp-class-166 pa t40073 l28283 ls856">present </span><span class="pp-class-166 pa t40073 l39001 ls101">value </span><span class="pp-class-166 pa t40081 l3">of </span><span class="pp-class-166 pa t40081 l2457 ls564">future </span><span class="pp-class-166 pa t40081 l13539">benefits </span><span class="pp-class-166 pa t40081 l40082 ls455">payable </span><span class="pp-class-166 pa t40081 l40083">under </span><span class="pp-class-166 pa t40081 l30054">the </span><span class="pp-class-166 pa t40081 l9833">plan </span><span class="pp-class-166 pa t40081 l40084">is </span><span class="pp-class-166 pa t40081 l40085">made </span><span class="pp-class-166 pa t40081 l40086 ls1122">once </span><span class="pp-class-166 pa t40081 l40087">a </span><span class="pp-class-166 pa t40081 l19533 ls1536">year. </span><span class="pp-class-166 pa t40081 l40088">The </span><span class="pp-class-166 pa t40081 l40089 ls856">present </span><span class="pp-class-166 pa t40081 l40090 ls1026">val-</span><span class="pp-class-166 pa t40091 l3">ue </span><span class="pp-class-166 pa t40091 l39995">is </span><span class="pp-class-166 pa t40091 l22196 ls2022">calculated </span><span class="pp-class-166 pa t40091 l40092">based </span><span class="pp-class-166 pa t40091 l33865">on </span><span class="pp-class-166 pa t40091 l2333 ls455">various </span><span class="pp-class-166 pa t40091 l40093 ls205">assumptions, </span><span class="pp-class-166 pa t40091 l40094">including </span><span class="pp-class-166 pa t40091 l40095">the </span><span class="pp-class-166 pa t40091 l40096 ls564">future </span><span class="pp-class-166 pa t40091 l40097 ls455">develop-</span><span class="pp-class-166 pa t40098 l3">ment </span><span class="pp-class-166 pa t40098 l5719">in </span><span class="pp-class-166 pa t40098 l40099 ls1761">wage/salary </span><span class="pp-class-166 pa t40098 l15191 ls455">levels, </span><span class="pp-class-166 pa t40098 l40100 ls135">interest </span><span class="pp-class-166 pa t40098 l4542 ls2870">rates, </span><span class="pp-class-166 pa t40098 l20854">inflation </span><span class="pp-class-166 pa t40098 l40101">and </span><span class="pp-class-166 pa t40098 l40102 ls461">mortality. </span><span class="pp-class-166 pa t40098 l40103">The </span><span class="pp-class-166 pa t40098 l40104 ls856">present </span><span class="pp-class-166 pa t40105 l3 ls101">value </span><span class="pp-class-166 pa t40105 l39466">is </span><span class="pp-class-166 pa t40105 l40106">only </span><span class="pp-class-166 pa t40105 l22178 ls2022">calculated </span><span class="pp-class-166 pa t40105 l9877 ls228">for </span><span class="pp-class-166 pa t40105 l40107">benefits </span><span class="pp-class-166 pa t40105 l6969 ls135">to </span><span class="pp-class-166 pa t40105 l40108">which </span><span class="pp-class-166 pa t40105 l40109">the </span><span class="pp-class-166 pa t40105 l10307">employees </span><span class="pp-class-166 pa t40105 l40110 ls48">have </span><span class="pp-class-166 pa t40105 l40111 ls740">become </span><span class="pp-class-166 pa t40105 l40112">enti-</span><span class="pp-class-166 pa t40113 l3">tled </span><span class="pp-class-166 pa t40113 l40114">during </span><span class="pp-class-166 pa t40113 l26928">their </span><span class="pp-class-166 pa t40113 l15639">employment </span><span class="pp-class-166 pa t40113 l40115">with </span><span class="pp-class-166 pa t40113 l40116">the </span><span class="pp-class-166 pa t40113 l40117 ls564">Group. </span><span class="pp-class-166 pa t40113 l40118">The </span><span class="pp-class-166 pa t40113 l40119 ls2030">actuarial </span><span class="pp-class-166 pa t40113 l39575 ls226">calculation </span><span class="pp-class-166 pa t40113 l40120">of </span><span class="pp-class-166 pa t40113 l40121">the </span><span class="pp-class-166 pa t40122 l3 ls856">present </span><span class="pp-class-166 pa t40122 l40123 ls101">value </span><span class="pp-class-166 pa t40122 l40124 ls48">less </span><span class="pp-class-166 pa t40122 l28391">the </span><span class="pp-class-166 pa t40122 l5280 ls2307">fair </span><span class="pp-class-166 pa t40122 l40125 ls101">value </span><span class="pp-class-166 pa t40122 l40126">of </span><span class="pp-class-166 pa t40122 l40127 ls4053">assets </span><span class="pp-class-166 pa t40122 l40128">under </span><span class="pp-class-166 pa t40122 l40129">the </span><span class="pp-class-166 pa t40122 l40130">plan </span><span class="pp-class-166 pa t40122 l40131">is </span><span class="pp-class-166 pa t40122 l40132 ls564">recognised </span><span class="pp-class-166 pa t40122 l40133">in </span><span class="pp-class-166 pa t40122 l40134">the </span><span class="pp-class-166 pa t40135 l3 ls1122">statement </span><span class="pp-class-166 pa t40135 l21945">of </span><span class="pp-class-166 pa t40135 l793">financial </span><span class="pp-class-166 pa t40135 l27781">position </span><span class="pp-class-166 pa t40135 l40136">under </span><span class="pp-class-166 pa t40135 l15308">pensions </span><span class="pp-class-166 pa t40135 l40137">and </span><span class="pp-class-166 pa t40135 l30553 ls75">other </span><span class="pp-class-166 pa t40135 l29231 ls394">post-employment </span><span class="pp-class-166 pa t40138 l3">benefit </span><span class="pp-class-166 pa t40138 l5126">plans. </span><span class="pp-class-166 pa t40138 l35115 ls856">Pension </span><span class="pp-class-166 pa t40138 l20780 ls1129">costs </span><span class="pp-class-166 pa t40138 l26409 ls228">for </span><span class="pp-class-166 pa t40138 l29112">the </span><span class="pp-class-166 pa t40138 l40139 ls48">year </span><span class="pp-class-166 pa t40138 l31138 ls228">are </span><span class="pp-class-166 pa t40138 l33726 ls564">recognised </span><span class="pp-class-166 pa t40138 l40140">in </span><span class="pp-class-166 pa t40138 l40141">the </span><span class="pp-class-166 pa t40138 l40142 ls1122">statement </span><span class="pp-class-166 pa t40138 l40143">of </span><span class="pp-class-166 pa t40144 l3 ls564">profit </span><span class="pp-class-166 pa t40144 l2892">or </span><span class="pp-class-166 pa t40144 l7001 ls48">loss </span><span class="pp-class-166 pa t40144 l18076">based </span><span class="pp-class-166 pa t40144 l6774">on </span><span class="pp-class-166 pa t40144 l39119 ls2030">actuarial </span><span class="pp-class-166 pa t40144 l40145 ls1217">estimates </span><span class="pp-class-166 pa t40144 l2439">and </span><span class="pp-class-166 pa t40144 l40146">the </span><span class="pp-class-166 pa t40144 l15485">financial </span><span class="pp-class-166 pa t40144 l40147">outlook </span><span class="pp-class-166 pa t40144 l40148">at </span><span class="pp-class-166 pa t40144 l40149">the </span><span class="pp-class-166 pa t40150 l3">beginning </span><span class="pp-class-166 pa t40150 l33617">of </span><span class="pp-class-166 pa t40150 l40151">the </span><span class="pp-class-166 pa t40150 l40152 ls2483">year.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40153 l3 ls52">Differences </span><span class="pp-class-166 pa t40153 l29956 ls946">between </span><span class="pp-class-166 pa t40153 l40154">the </span><span class="pp-class-166 pa t40153 l19492 ls2022">calculated </span><span class="pp-class-166 pa t40153 l40155 ls205">development </span><span class="pp-class-166 pa t40153 l33516">in </span><span class="pp-class-166 pa t40153 l9719">pension </span><span class="pp-class-166 pa t40153 l15204">plan </span><span class="pp-class-166 pa t40153 l40156 ls4053">assets </span><span class="pp-class-166 pa t40153 l40157">and </span><span class="pp-class-166 pa t40158 l3">liabilities </span><span class="pp-class-166 pa t40158 l6178">and </span><span class="pp-class-166 pa t40158 l16279">the </span><span class="pp-class-166 pa t40158 l5821 ls1528">realised </span><span class="pp-class-166 pa t40158 l40159 ls239">values </span><span class="pp-class-166 pa t40158 l40160 ls228">are </span><span class="pp-class-166 pa t40158 l40161 ls564">recognised </span><span class="pp-class-166 pa t40158 l10159">in </span><span class="pp-class-166 pa t40158 l31998 ls75">other </span><span class="pp-class-166 pa t40158 l12952 ls495">comprehensive </span><span class="pp-class-166 pa t40158 l40162 ls740">income </span><span class="pp-class-166 pa t40163 l3">as </span><span class="pp-class-166 pa t40163 l2424 ls2030">actuarial </span><span class="pp-class-166 pa t40163 l40164">gains </span><span class="pp-class-166 pa t40163 l40165">or </span><span class="pp-class-166 pa t40163 l22344 ls239">losses.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40166 l3">Changes </span><span class="pp-class-166 pa t40166 l6521">in </span><span class="pp-class-166 pa t40166 l35431">benefits </span><span class="pp-class-166 pa t40166 l5037 ls455">payable </span><span class="pp-class-166 pa t40166 l26600 ls228">for </span><span class="pp-class-166 pa t40166 l40167 ls7985">employees’ </span><span class="pp-class-166 pa t40166 l40168 ls461">past </span><span class="pp-class-166 pa t40166 l40169 ls457">services </span><span class="pp-class-166 pa t40166 l40170 ls135">to </span><span class="pp-class-166 pa t40166 l40171">the </span><span class="pp-class-166 pa t40166 l40172 ls187">company </span><span class="pp-class-166 pa t40166 l40173 ls564">result </span><span class="pp-class-166 pa t40174 l3">in </span><span class="pp-class-166 pa t40174 l1746">an </span><span class="pp-class-166 pa t40174 l40175 ls239">adjustment </span><span class="pp-class-166 pa t40174 l40176">of </span><span class="pp-class-166 pa t40174 l27210">the </span><span class="pp-class-166 pa t40174 l5627 ls2030">actuarial </span><span class="pp-class-166 pa t40174 l37603 ls226">calculation </span><span class="pp-class-166 pa t40174 l40177">of </span><span class="pp-class-166 pa t40174 l40178">the </span><span class="pp-class-166 pa t40174 l40179 ls856">present </span><span class="pp-class-166 pa t40174 l40180 ls239">value, </span><span class="pp-class-166 pa t40174 l40181">which </span><span class="pp-class-166 pa t40174 l40182">is </span><span class="pp-class-166 pa t40174 l40183">clas-</span><span class="pp-class-166 pa t40184 l3">sified </span><span class="pp-class-166 pa t40184 l40185">as </span><span class="pp-class-166 pa t40184 l31158 ls461">past </span><span class="pp-class-166 pa t40184 l13356 ls1915">service </span><span class="pp-class-166 pa t40184 l40186 ls2540">costs. </span><span class="pp-class-166 pa t40184 l40187 ls73">Past </span><span class="pp-class-166 pa t40184 l40188 ls1915">service </span><span class="pp-class-166 pa t40184 l40189 ls1129">costs </span><span class="pp-class-166 pa t40184 l40190 ls228">are </span><span class="pp-class-166 pa t40184 l5902 ls856">charged </span><span class="pp-class-166 pa t40184 l30569 ls135">to </span><span class="pp-class-166 pa t40184 l40191">the </span><span class="pp-class-166 pa t40184 l40192 ls1122">statement </span><span class="pp-class-166 pa t40193 l3">of </span><span class="pp-class-166 pa t40193 l2457 ls564">profit </span><span class="pp-class-166 pa t40193 l3710">or </span><span class="pp-class-166 pa t40193 l3711 ls48">loss </span><span class="pp-class-166 pa t40193 l3712 ls86">immediately </span><span class="pp-class-166 pa t40193 l40194">if </span><span class="pp-class-166 pa t40193 l30117">the </span><span class="pp-class-166 pa t40193 l30473">employees </span><span class="pp-class-166 pa t40193 l40195 ls48">have </span><span class="pp-class-166 pa t40193 l40196 ls1410">already </span><span class="pp-class-166 pa t40193 l40197 ls239">earned </span><span class="pp-class-166 pa t40193 l40198">the </span><span class="pp-class-166 pa t40193 l29146">right </span><span class="pp-class-166 pa t40199 l3 ls135">to </span><span class="pp-class-166 pa t40199 l2457">the </span><span class="pp-class-166 pa t40199 l3086 ls740">adjusted </span><span class="pp-class-166 pa t40199 l13246">benefits. </span><span class="pp-class-166 pa t40199 l1093 ls1701">Otherwise, </span><span class="pp-class-166 pa t40199 l40200 ls890">they </span><span class="pp-class-166 pa t40199 l31553">will </span><span class="pp-class-166 pa t40199 l40201">be </span><span class="pp-class-166 pa t40199 l40202 ls564">recognised </span><span class="pp-class-166 pa t40199 l13252">in </span><span class="pp-class-166 pa t40199 l4326">the </span><span class="pp-class-166 pa t40199 l39391 ls1122">statement </span><span class="pp-class-166 pa t40203 l3">of </span><span class="pp-class-166 pa t40203 l2457 ls564">profit </span><span class="pp-class-166 pa t40203 l3710">or </span><span class="pp-class-166 pa t40203 l3711 ls48">loss </span><span class="pp-class-166 pa t40203 l3712 ls48">over </span><span class="pp-class-166 pa t40203 l32610">the </span><span class="pp-class-166 pa t40203 l21535">period </span><span class="pp-class-166 pa t40203 l40126">in </span><span class="pp-class-166 pa t40203 l40204">which </span><span class="pp-class-166 pa t40203 l34528">the </span><span class="pp-class-166 pa t40203 l35938">employees </span><span class="pp-class-166 pa t40203 l8678 ls48">earn </span><span class="pp-class-166 pa t40203 l26130">the </span><span class="pp-class-166 pa t40203 l40205">right </span><span class="pp-class-166 pa t40203 l40206 ls135">to </span><span class="pp-class-166 pa t40203 l40207">the </span><span class="pp-class-166 pa t40208 l3 ls740">adjusted </span><span class="pp-class-166 pa t40208 l6178">benefits.</span></p> <div class="pp-class-4" id="pp-id-4353" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38031 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls6991">Staff </span><span class="pp-class-170 pa t34823 l21687 ls4132">costs</span><span class="pp-class-166 pa t34823 l38032"/><span class="pp-class-166 pa t34823 l24544 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3">Salaries </span><span class="pp-class-166 pa t34827 l38033">and </span><span class="pp-class-166 pa t34827 l38034 ls704">wages, </span><span class="pp-class-166 pa t34827 l38035 ls78">etc.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37933">37,024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28139">20,300</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3">Defined </span><span class="pp-class-166 pa t35090 l8729 ls428">contribution </span><span class="pp-class-166 pa t35090 l23918">pension </span><span class="pp-class-166 pa t35090 l12143">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">1,780</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">823</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">Defined </span><span class="pp-class-166 pa t35092 l8729">benefit </span><span class="pp-class-166 pa t35092 l34161">pension </span><span class="pp-class-166 pa t35092 l26570">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">114</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28210">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3">Other </span><span class="pp-class-166 pa t35098 l4385">social </span><span class="pp-class-166 pa t35098 l38037 ls1617">security </span><span class="pp-class-166 pa t35098 l38038 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l37867">5,908</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28456">3,190</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls740">Share-based </span><span class="pp-class-166 pa t35099 l35035">payments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l38036">359</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28132">327</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l38039 ls2688">45,185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35168 l38040 ls2688">24,690</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t35172 l3 ls2307">Statement </span><span class="pp-class-172 pa t35172 l36745">of </span><span class="pp-class-172 pa t35172 l13838 ls2236">profit </span><span class="pp-class-172 pa t35172 l38041">or </span><span class="pp-class-172 pa t35172 l38042 ls461">loss </span><span class="pp-class-172 pa t35172 l38043 ls461">classification:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l3">Hourly </span><span class="pp-class-166 pa t35173 l38044 ls59">workers </span><span class="pp-class-166 pa t35173 l38045">– </span><span class="pp-class-166 pa t35173 l38046 ls564">recognised </span><span class="pp-class-166 pa t35173 l38047">as </span><span class="pp-class-166 pa t35173 l38048 ls1575">direct </span><span class="pp-class-166 pa t35173 l38049 ls1129">costs </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l37933">16,015</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35173 l28456">8,199</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l3">Salaried </span><span class="pp-class-166 pa t35174 l30373">employees </span><span class="pp-class-166 pa t35174 l26167">– </span><span class="pp-class-166 pa t35174 l38050 ls564">recognised </span><span class="pp-class-166 pa t35174 l38051">as </span><span class="pp-class-166 pa t35174 l38052 ls1575">staff </span><span class="pp-class-166 pa t35174 l38053 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l37933">29,170</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35174 l28139">16,491</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l38039 ls2688">45,185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t35114 l38040 ls2688">24,690</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l3 ls10535">Weighted </span><span class="pp-class-166 pa t38054 l23174 ls12193">average </span><span class="pp-class-166 pa t38054 l38055 ls3050">number </span><span class="pp-class-166 pa t38054 l15449 ls13149">of </span><span class="pp-class-166 pa t38054 l6622 ls1165">FTEs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l37864">136,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38054 l28139">73,892</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l3">Number </span><span class="pp-class-166 pa t35198 l8735">of </span><span class="pp-class-166 pa t35198 l13206 ls2390">FTEs </span><span class="pp-class-166 pa t35198 l25759">at </span><span class="pp-class-166 pa t35198 l28659 ls218">year-end</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l37864">151,751</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35198 l28139">73,338</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4354" xmlns="http://www.w3.org/1999/xhtml"><div class="w38056 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.6 </span><span class="pp-class-169 pa t254 l37093 ls38057">Amortisation </span><span class="pp-class-169 pa t254 l38058 ls6611">and </span><span class="pp-class-169 pa t254 l38059 ls38060">depreciation</span></p></div></div><div id="pp-id-4355" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38061 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38062 l3 ls5287">Accounting </span><span class="pp-class-170 pa t38062 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38063 l3 ls492">Amortisation </span><span class="pp-class-166 pa t38063 l13190">and </span><span class="pp-class-166 pa t38063 l11987 ls2022">depreciation </span><span class="pp-class-166 pa t38063 l38064 ls228">for </span><span class="pp-class-166 pa t38063 l38065">the </span><span class="pp-class-166 pa t38063 l38066 ls48">year </span><span class="pp-class-166 pa t38063 l30948 ls228">are </span><span class="pp-class-166 pa t38063 l38067 ls564">recognised </span><span class="pp-class-166 pa t38063 l30393">based </span><span class="pp-class-166 pa t38063 l36730">on </span><span class="pp-class-166 pa t38063 l23310">the </span><span class="pp-class-166 pa t38063 l38068 ls2307">amor-</span><span class="pp-class-166 pa t38069 l3">tisation </span><span class="pp-class-166 pa t38069 l38070">and </span><span class="pp-class-166 pa t38069 l19446 ls2022">depreciation </span><span class="pp-class-166 pa t38069 l28242 ls66">profiles </span><span class="pp-class-166 pa t38069 l27895">of </span><span class="pp-class-166 pa t38069 l10519">the </span><span class="pp-class-166 pa t38069 l38071">underlying </span><span class="pp-class-166 pa t38069 l26081 ls428">assets. </span><span class="pp-class-166 pa t38069 l38072 ls17094">Rreference </span><span class="pp-class-166 pa t38069 l38073">is </span><span class="pp-class-166 pa t38069 l38074">made </span><span class="pp-class-166 pa t38075 l3 ls135">to </span><span class="pp-class-171 pa t38075 l2457 ls4162">notes </span><span class="pp-class-171 pa t38075 l28805 ls2275">3.2</span><span class="pp-class-166 pa t38075 l37746">, </span><span class="pp-class-171 pa t38075 l38076 ls2275">3.3</span><span class="pp-class-166 pa t38075 l11947"/><span class="pp-class-166 pa t38075 l38077">and </span><span class="pp-class-171 pa t38075 l38078 ls2275">3.6</span><span class="pp-class-166 pa t38075 l38079">.</span></p></div></div><div id="pp-id-4356" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38080 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls6798">Amortisation </span><span class="pp-class-170 pa t34823 l38081 ls1853">and </span><span class="pp-class-170 pa t34823 l19988 ls38082">depreciation</span><span class="pp-class-166 pa t34823 l38083"/><span class="pp-class-166 pa t34823 l38084 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls59">Customer </span><span class="pp-class-166 pa t34827 l15471 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l38036">331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28132">131</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls856">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38036">268</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">180</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">Buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">655</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28132">375</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3">Other </span><span class="pp-class-166 pa t35098 l4385">plant </span><span class="pp-class-166 pa t35098 l38085">and </span><span class="pp-class-166 pa t35098 l36757 ls1217">operating </span><span class="pp-class-166 pa t35098 l38086">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l37867">1,048</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28132">667</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls1026">ROU </span><span class="pp-class-166 pa t35099 l32675 ls4053">assets </span><span class="pp-class-166 pa t35099 l38087">– </span><span class="pp-class-166 pa t35099 l6439">land </span><span class="pp-class-166 pa t35099 l21091">and </span><span class="pp-class-166 pa t35099 l31015">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l37867">6,315</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28456">4,338</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l3 ls13605 wtro15067 wtr7915 tro15068 tr7917">ROU </span><span class="pp-class-166 pa t35102 l38088 ls13146 wtro15067 wtr7915 tro15068 tr7917">assets </span><span class="pp-class-166 pa t35102 l38089 ls2321 wtro15067 wtr7915 tro15068 tr7917">– </span><span class="pp-class-166 pa t35102 l38090 ls263 wtro15067 wtr7915 tro15068 tr7917">other </span><span class="pp-class-166 pa t35102 l38091 ls1462 wtro15067 wtr7915 tro15068 tr7917">plant </span><span class="pp-class-166 pa t35102 l38092 ls2257 wtro15067 wtr7915 tro15068 tr7917">and </span><span class="pp-class-166 pa t35102 l38093 ls10425 wtro15067 wtr7915 tro15068 tr7917">operating </span><span class="pp-class-166 pa t35102 l38094 ls28862 wtro15067 wtr7915 tro15068 tr7917">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l38095">59</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l28210">78</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38096 l3 ls8143 wtro15067 wtr7915 tro15068 tr7917">Net </span><span class="pp-class-166 pa t38096 l38097 ls3042 wtro15067 wtr7915 tro15068 tr7917">gain </span><span class="pp-class-166 pa t38096 l38098 ls13149 wtro15067 wtr7915 tro15068 tr7917">on </span><span class="pp-class-166 pa t38096 l38099 ls3042 wtro15067 wtr7915 tro15068 tr7917">sale </span><span class="pp-class-166 pa t38096 l38100 ls13149 wtro15067 wtr7915 tro15068 tr7917">of </span><span class="pp-class-166 pa t38096 l38101 ls1587 wtro15067 wtr7915 tro15068 tr7917">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38096 l38102">(43)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38096 l38103">(34)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38104 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38104 l37966 ls2690">8,633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38104 l37967 ls2690">5,735</span></p></td></tr></table></div></div> <div id="pp-id-4355" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38061 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38062 l3 ls5287">Accounting </span><span class="pp-class-170 pa t38062 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38063 l3 ls492">Amortisation </span><span class="pp-class-166 pa t38063 l13190">and </span><span class="pp-class-166 pa t38063 l11987 ls2022">depreciation </span><span class="pp-class-166 pa t38063 l38064 ls228">for </span><span class="pp-class-166 pa t38063 l38065">the </span><span class="pp-class-166 pa t38063 l38066 ls48">year </span><span class="pp-class-166 pa t38063 l30948 ls228">are </span><span class="pp-class-166 pa t38063 l38067 ls564">recognised </span><span class="pp-class-166 pa t38063 l30393">based </span><span class="pp-class-166 pa t38063 l36730">on </span><span class="pp-class-166 pa t38063 l23310">the </span><span class="pp-class-166 pa t38063 l38068 ls2307">amor-</span><span class="pp-class-166 pa t38069 l3">tisation </span><span class="pp-class-166 pa t38069 l38070">and </span><span class="pp-class-166 pa t38069 l19446 ls2022">depreciation </span><span class="pp-class-166 pa t38069 l28242 ls66">profiles </span><span class="pp-class-166 pa t38069 l27895">of </span><span class="pp-class-166 pa t38069 l10519">the </span><span class="pp-class-166 pa t38069 l38071">underlying </span><span class="pp-class-166 pa t38069 l26081 ls428">assets. </span><span class="pp-class-166 pa t38069 l38072 ls17094">Rreference </span><span class="pp-class-166 pa t38069 l38073">is </span><span class="pp-class-166 pa t38069 l38074">made </span><span class="pp-class-166 pa t38075 l3 ls135">to </span><span class="pp-class-171 pa t38075 l2457 ls4162">notes </span><span class="pp-class-171 pa t38075 l28805 ls2275">3.2</span><span class="pp-class-166 pa t38075 l37746">, </span><span class="pp-class-171 pa t38075 l38076 ls2275">3.3</span><span class="pp-class-166 pa t38075 l11947"/><span class="pp-class-166 pa t38075 l38077">and </span><span class="pp-class-171 pa t38075 l38078 ls2275">3.6</span><span class="pp-class-166 pa t38075 l38079">.</span></p></div></div><div class="pp-class-4" id="pp-id-4384" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39153 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t39154 l3 ls5287">Accounting </span><span class="pp-class-170 pa t39154 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39155 l3">Land </span><span class="pp-class-166 pa t39155 l27377">and </span><span class="pp-class-166 pa t39155 l13295">buildings </span><span class="pp-class-166 pa t39155 l13044">and </span><span class="pp-class-166 pa t39155 l39156 ls75">other </span><span class="pp-class-166 pa t39155 l39157">plant </span><span class="pp-class-166 pa t39155 l39158">and </span><span class="pp-class-166 pa t39155 l27855 ls1217">operating </span><span class="pp-class-166 pa t39155 l14998">equipment </span><span class="pp-class-166 pa t39155 l39159 ls228">are </span><span class="pp-class-166 pa t39155 l7431 ls1528">measured </span><span class="pp-class-166 pa t39155 l27191">at </span><span class="pp-class-166 pa t39160 l3 ls3490">cost </span><span class="pp-class-166 pa t39160 l10527 ls48">less </span><span class="pp-class-166 pa t39160 l7164 ls189">accumulated </span><span class="pp-class-166 pa t39160 l13358 ls2022">depreciation </span><span class="pp-class-166 pa t39160 l39161">and </span><span class="pp-class-166 pa t39160 l11930">impairment </span><span class="pp-class-166 pa t39160 l39162 ls239">losses.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39163 l3">The </span><span class="pp-class-166 pa t39163 l1525 ls3490">cost </span><span class="pp-class-166 pa t39163 l1117 ls1428">comprises </span><span class="pp-class-166 pa t39163 l8944">the </span><span class="pp-class-166 pa t39163 l30487 ls86">acquisition </span><span class="pp-class-166 pa t39163 l15051 ls189">price </span><span class="pp-class-166 pa t39163 l39164">and </span><span class="pp-class-166 pa t39163 l30022 ls75">other </span><span class="pp-class-166 pa t39163 l39165 ls1129">costs </span><span class="pp-class-166 pa t39163 l39166 ls461">directly </span><span class="pp-class-166 pa t39163 l39167 ls461">attributable </span><span class="pp-class-166 pa t39163 l39168 ls135">to </span><span class="pp-class-166 pa t39169 l3 ls851">preparing </span><span class="pp-class-166 pa t39169 l4016">the </span><span class="pp-class-166 pa t39169 l30058 ls1428">asset </span><span class="pp-class-166 pa t39169 l10358 ls228">for </span><span class="pp-class-166 pa t39169 l10155">its </span><span class="pp-class-166 pa t39169 l39170 ls234">intended </span><span class="pp-class-166 pa t39169 l39171">use. </span><span class="pp-class-166 pa t39169 l39172">The </span><span class="pp-class-166 pa t39169 l35525 ls856">present </span><span class="pp-class-166 pa t39169 l39173 ls101">value </span><span class="pp-class-166 pa t39169 l3519">of </span><span class="pp-class-166 pa t39169 l10986 ls1217">estimated </span><span class="pp-class-166 pa t39169 l39174 ls1129">costs </span><span class="pp-class-166 pa t39175 l3 ls228">for </span><span class="pp-class-166 pa t39175 l2086">dismantling </span><span class="pp-class-166 pa t39175 l15207">and </span><span class="pp-class-166 pa t39175 l39176">disposing </span><span class="pp-class-166 pa t39175 l39177">of </span><span class="pp-class-166 pa t39175 l39178 ls4053">assets </span><span class="pp-class-166 pa t39175 l11011">as </span><span class="pp-class-166 pa t39175 l39179 ls1122">well </span><span class="pp-class-166 pa t39175 l23196">as </span><span class="pp-class-166 pa t39175 l39180 ls2382">restoration </span><span class="pp-class-166 pa t39175 l12277 ls1129">costs </span><span class="pp-class-166 pa t39175 l39181 ls228">are </span><span class="pp-class-166 pa t39175 l39182">added </span><span class="pp-class-166 pa t39183 l3 ls135">to </span><span class="pp-class-166 pa t39183 l2457">the </span><span class="pp-class-166 pa t39183 l3086 ls3490">cost </span><span class="pp-class-166 pa t39183 l39184">if </span><span class="pp-class-166 pa t39183 l14735">such </span><span class="pp-class-166 pa t39183 l20308 ls1129">costs </span><span class="pp-class-166 pa t39183 l39185 ls228">are </span><span class="pp-class-166 pa t39183 l10961 ls564">recognised </span><span class="pp-class-166 pa t39183 l11930">as </span><span class="pp-class-166 pa t39183 l19891 ls740">provisions. </span><span class="pp-class-166 pa t39183 l39186 ls1217">Material </span><span class="pp-class-166 pa t39183 l19329 ls856">borrowing </span><span class="pp-class-166 pa t39183 l39187 ls1129">costs </span><span class="pp-class-166 pa t39188 l3 ls461">directly </span><span class="pp-class-166 pa t39188 l37218 ls461">attributable </span><span class="pp-class-166 pa t39188 l37219 ls135">to </span><span class="pp-class-166 pa t39188 l37220">the </span><span class="pp-class-166 pa t39188 l32407 ls750">construction </span><span class="pp-class-166 pa t39188 l39189">of </span><span class="pp-class-166 pa t39188 l5222">the </span><span class="pp-class-166 pa t39188 l39190">individual </span><span class="pp-class-166 pa t39188 l39191 ls1428">asset </span><span class="pp-class-166 pa t39188 l36617 ls228">are </span><span class="pp-class-166 pa t39188 l19283">also </span><span class="pp-class-166 pa t39188 l39192">added </span><span class="pp-class-166 pa t39193 l3 ls135">to </span><span class="pp-class-166 pa t39193 l2457 ls3966">cost. </span></p></div></div><div class="pp-class-4" id="pp-id-4385" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39194 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39195 l3">If </span><span class="pp-class-166 pa t39195 l39196">the </span><span class="pp-class-166 pa t39195 l22334">individual </span><span class="pp-class-166 pa t39195 l14911 ls923">components </span><span class="pp-class-166 pa t39195 l39197">of </span><span class="pp-class-166 pa t39195 l39198">an </span><span class="pp-class-166 pa t39195 l31510 ls1428">asset </span><span class="pp-class-166 pa t39195 l20136 ls48">have </span><span class="pp-class-166 pa t39195 l39199 ls497">different </span><span class="pp-class-166 pa t39195 l39200">useful </span><span class="pp-class-166 pa t39195 l39201 ls239">lives, </span><span class="pp-class-166 pa t39195 l39202 ls48">each </span><span class="pp-class-166 pa t39203 l3 ls1428">component </span><span class="pp-class-166 pa t39203 l37697">will </span><span class="pp-class-166 pa t39203 l29520">be </span><span class="pp-class-166 pa t39203 l13044 ls5508">depreciated </span><span class="pp-class-166 pa t39203 l33092 ls4372">separately.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39204 l3">The </span><span class="pp-class-166 pa t39204 l1525 ls3490">cost </span><span class="pp-class-166 pa t39204 l1117">of </span><span class="pp-class-166 pa t39204 l12894 ls740">self-constructed </span><span class="pp-class-166 pa t39204 l39205 ls4053">assets </span><span class="pp-class-166 pa t39204 l39206 ls1428">comprises </span><span class="pp-class-166 pa t39204 l39207 ls1575">direct </span><span class="pp-class-166 pa t39204 l39208">and </span><span class="pp-class-166 pa t39204 l39209 ls461">indirect </span><span class="pp-class-166 pa t39204 l37342 ls1129">costs </span><span class="pp-class-166 pa t39204 l39210 ls228">for </span><span class="pp-class-166 pa t39211 l3 ls923">materials, </span><span class="pp-class-166 pa t39211 l5869 ls86">components, </span><span class="pp-class-166 pa t39211 l11039 ls1217">subcontractors, </span><span class="pp-class-166 pa t39211 l20068 ls75">wages </span><span class="pp-class-166 pa t39211 l31542">and </span><span class="pp-class-166 pa t39211 l2838">salaries. </span><span class="pp-class-166 pa t39211 l39212 ls180">Costs </span><span class="pp-class-166 pa t39211 l32388 ls228">for </span><span class="pp-class-166 pa t39211 l39213 ls39214">self-</span><span class="pp-class-166 pa t39215 l3 ls4053">constructed </span><span class="pp-class-166 pa t39215 l37735 ls4053">assets </span><span class="pp-class-166 pa t39215 l39216 ls228">are </span><span class="pp-class-166 pa t39215 l39217 ls564">recognised </span><span class="pp-class-166 pa t39215 l39218">as </span><span class="pp-class-166 pa t39215 l2091 ls1849">property, </span><span class="pp-class-166 pa t39215 l39219">plant </span><span class="pp-class-166 pa t39215 l39220">and </span><span class="pp-class-166 pa t39215 l39221">equipment </span><span class="pp-class-166 pa t39215 l39222">in </span><span class="pp-class-166 pa t39215 l39223 ls3681">progress </span><span class="pp-class-166 pa t39224 l3">on </span><span class="pp-class-166 pa t39224 l3683">an </span><span class="pp-class-166 pa t39224 l39225">ongoing </span><span class="pp-class-166 pa t39224 l39226">basis </span><span class="pp-class-166 pa t39224 l39227">until </span><span class="pp-class-166 pa t39224 l36628">the </span><span class="pp-class-166 pa t39224 l39228 ls4053">assets </span><span class="pp-class-166 pa t39224 l39229 ls228">are </span><span class="pp-class-166 pa t39224 l39230 ls1346">ready </span><span class="pp-class-166 pa t39224 l37666 ls228">for </span><span class="pp-class-166 pa t39224 l38661">use.</span></p></div></div><div class="pp-class-4" id="pp-id-4386" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39231 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39154 l3 ls3962">Subsequent </span><span class="pp-class-166 pa t39154 l39232 ls2708">costs, </span><span class="pp-class-166 pa t39154 l26790 ls1740">such </span><span class="pp-class-166 pa t39154 l39233 ls2540">as </span><span class="pp-class-166 pa t39154 l19232 ls1119">partial </span><span class="pp-class-166 pa t39154 l39234 ls1402">replacement </span><span class="pp-class-166 pa t39154 l39235 ls2540">of </span><span class="pp-class-166 pa t39154 l39236 ls4013">property, </span><span class="pp-class-166 pa t39154 l39237 ls2061">plant </span><span class="pp-class-166 pa t39154 l39238 ls1528">and </span><span class="pp-class-166 pa t39154 l39239 ls1740">equipment </span><span class="pp-class-166 pa t39155 l3">(PPE), </span><span class="pp-class-166 pa t39155 l2314 ls228">are </span><span class="pp-class-166 pa t39155 l10970">included </span><span class="pp-class-166 pa t39155 l39240">in </span><span class="pp-class-166 pa t39155 l39241">the </span><span class="pp-class-166 pa t39155 l39242 ls205">carrying </span><span class="pp-class-166 pa t39155 l39243">amount </span><span class="pp-class-166 pa t39155 l39244">of </span><span class="pp-class-166 pa t39155 l39245">the </span><span class="pp-class-166 pa t39155 l39246 ls1428">asset </span><span class="pp-class-166 pa t39155 l39247">in </span><span class="pp-class-166 pa t39155 l29441 ls158">question </span><span class="pp-class-166 pa t39155 l39248">when </span><span class="pp-class-166 pa t39155 l39249">it </span><span class="pp-class-166 pa t39155 l39250">is </span><span class="pp-class-166 pa t39160 l3 ls66">probable </span><span class="pp-class-166 pa t39160 l39251">that </span><span class="pp-class-166 pa t39160 l5422">such </span><span class="pp-class-166 pa t39160 l30389 ls1129">costs </span><span class="pp-class-166 pa t39160 l39252">will </span><span class="pp-class-166 pa t39160 l39253 ls564">result </span><span class="pp-class-166 pa t39160 l39254">in </span><span class="pp-class-166 pa t39160 l11413 ls564">future </span><span class="pp-class-166 pa t39160 l20000 ls234">economic </span><span class="pp-class-166 pa t39160 l39255">benefits. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39163 l3">The </span><span class="pp-class-166 pa t39163 l1525 ls205">carrying </span><span class="pp-class-166 pa t39163 l38408">amount </span><span class="pp-class-166 pa t39163 l5440">of </span><span class="pp-class-166 pa t39163 l38409">the </span><span class="pp-class-166 pa t39163 l11475 ls265">replaced </span><span class="pp-class-166 pa t39163 l39256 ls2030">parts </span><span class="pp-class-166 pa t39163 l39257">is </span><span class="pp-class-166 pa t39163 l39258">disposed </span><span class="pp-class-166 pa t39163 l39259 ls267">from </span><span class="pp-class-166 pa t39163 l39260">the </span><span class="pp-class-166 pa t39163 l39261">financial </span><span class="pp-class-166 pa t39169 l3">position </span><span class="pp-class-166 pa t39169 l39262">and </span><span class="pp-class-166 pa t39169 l39263 ls564">recognised </span><span class="pp-class-166 pa t39169 l39264">in </span><span class="pp-class-166 pa t39169 l20183">the </span><span class="pp-class-166 pa t39169 l27847 ls564">profit </span><span class="pp-class-166 pa t39169 l39265">or </span><span class="pp-class-166 pa t39169 l39266 ls48">loss.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39410 l3">The </span><span class="pp-class-166 pa t39410 l1525">basis </span><span class="pp-class-166 pa t39410 l39411">of </span><span class="pp-class-166 pa t39410 l39412 ls2022">depreciation </span><span class="pp-class-166 pa t39410 l39413 ls497">takes </span><span class="pp-class-166 pa t39410 l39414 ls1122">into </span><span class="pp-class-166 pa t39410 l5941 ls614">account </span><span class="pp-class-166 pa t39410 l39415">the </span><span class="pp-class-166 pa t39410 l39416 ls66">residual </span><span class="pp-class-166 pa t39410 l39417 ls101">value </span><span class="pp-class-166 pa t39410 l39418">of </span><span class="pp-class-166 pa t39410 l39419 ls4053">assets </span><span class="pp-class-166 pa t39410 l39420">and </span><span class="pp-class-166 pa t39410 l39421">is </span><span class="pp-class-166 pa t39422 l3 ls1766">reduced </span><span class="pp-class-166 pa t39422 l39423">by </span><span class="pp-class-166 pa t39422 l30108">any </span><span class="pp-class-166 pa t39422 l20891">impairment </span><span class="pp-class-166 pa t39422 l20107 ls455">losses. </span><span class="pp-class-166 pa t39422 l39424">The </span><span class="pp-class-166 pa t39422 l39425 ls66">residual </span><span class="pp-class-166 pa t39422 l33202 ls101">value </span><span class="pp-class-166 pa t39422 l39426">is </span><span class="pp-class-166 pa t39422 l39427 ls2022">calculated </span><span class="pp-class-166 pa t39422 l20650">on </span><span class="pp-class-166 pa t39422 l39428">the </span><span class="pp-class-166 pa t39422 l39429 ls1122">date </span><span class="pp-class-166 pa t39430 l3">of </span><span class="pp-class-166 pa t39430 l2457 ls86">acquisition </span><span class="pp-class-166 pa t39430 l1222">and </span><span class="pp-class-166 pa t39430 l39431 ls1122">reassessed </span><span class="pp-class-166 pa t39430 l39432 ls1122">once </span><span class="pp-class-166 pa t39430 l39433">a </span><span class="pp-class-166 pa t39430 l29915 ls1536">year. </span><span class="pp-class-166 pa t39430 l39434 ls2022">Depreciation </span><span class="pp-class-166 pa t39430 l39435">will </span><span class="pp-class-166 pa t39430 l32402">be </span><span class="pp-class-166 pa t39430 l39436 ls740">halted </span><span class="pp-class-166 pa t39430 l39437">if </span><span class="pp-class-166 pa t39430 l39438">the </span><span class="pp-class-166 pa t39439 l3 ls66">residual </span><span class="pp-class-166 pa t39439 l39440 ls101">value </span><span class="pp-class-166 pa t39439 l7503 ls1416">exceeds </span><span class="pp-class-166 pa t39439 l37719">the </span><span class="pp-class-166 pa t39439 l39441 ls205">carrying </span><span class="pp-class-166 pa t39439 l12295">amount </span><span class="pp-class-166 pa t39439 l39442">of </span><span class="pp-class-166 pa t39439 l39443">the </span><span class="pp-class-166 pa t39439 l18763 ls3316">asset.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39444 l3 ls457">Assets </span><span class="pp-class-166 pa t39444 l35178 ls228">are </span><span class="pp-class-166 pa t39444 l39445 ls228">transferred </span><span class="pp-class-166 pa t39444 l31836 ls135">to </span><span class="pp-class-166 pa t39444 l39446 ls4053">assets </span><span class="pp-class-166 pa t39444 l9490">held </span><span class="pp-class-166 pa t39444 l30105 ls228">for </span><span class="pp-class-166 pa t39444 l39447">sale </span><span class="pp-class-166 pa t39444 l39448">if </span><span class="pp-class-166 pa t39444 l2491">it </span><span class="pp-class-166 pa t39444 l39449">is </span><span class="pp-class-166 pa t39444 l13710">highly </span><span class="pp-class-166 pa t39444 l29960 ls66">probable </span><span class="pp-class-166 pa t39444 l39450">that </span><span class="pp-class-166 pa t39444 l30545">their </span><span class="pp-class-166 pa t39451 l3 ls205">carrying </span><span class="pp-class-166 pa t39451 l36341">amount </span><span class="pp-class-166 pa t39451 l4946">will </span><span class="pp-class-166 pa t39451 l39452">be </span><span class="pp-class-166 pa t39451 l13297 ls2688">recovered </span><span class="pp-class-166 pa t39451 l39453">primarily </span><span class="pp-class-166 pa t39451 l5426 ls856">through </span><span class="pp-class-166 pa t39451 l10410">sale </span><span class="pp-class-166 pa t39451 l39454 ls2540">rather </span><span class="pp-class-166 pa t39451 l39455">than </span><span class="pp-class-166 pa t39451 l39456 ls856">through </span><span class="pp-class-166 pa t39457 l3 ls923">continuing </span><span class="pp-class-166 pa t39457 l22342">use.</span></p> <div class="pp-class-4" id="pp-id-4357" xmlns="http://www.w3.org/1999/xhtml"><div class="w38105 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.7 </span><span class="pp-class-169 pa t254 l37093 ls692">Special </span><span class="pp-class-169 pa t254 l38106 ls15759">items</span></p></div></div><div class="pp-class-4" id="pp-id-4358" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38107 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38108 l3 ls5287">Accounting </span><span class="pp-class-170 pa t38108 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38109 l3">Special </span><span class="pp-class-166 pa t38109 l5262 ls189">items </span><span class="pp-class-166 pa t38109 l38110 ls228">are </span><span class="pp-class-166 pa t38109 l13932">used </span><span class="pp-class-166 pa t38109 l38111">in </span><span class="pp-class-166 pa t38109 l26168 ls1435">connection </span><span class="pp-class-166 pa t38109 l3673">with </span><span class="pp-class-166 pa t38109 l38112">the </span><span class="pp-class-166 pa t38109 l38113 ls107">presentation </span><span class="pp-class-166 pa t38109 l38114">of </span><span class="pp-class-166 pa t38109 l38115 ls564">profit </span><span class="pp-class-166 pa t38109 l38116">or </span><span class="pp-class-166 pa t38109 l38117 ls48">loss </span><span class="pp-class-166 pa t38109 l38118 ls228">for </span><span class="pp-class-166 pa t38119 l3">the </span><span class="pp-class-166 pa t38119 l1913 ls48">year </span><span class="pp-class-166 pa t38119 l21073 ls135">to </span><span class="pp-class-166 pa t38119 l38120 ls239">distinguish </span><span class="pp-class-166 pa t38119 l38121 ls1119">consolidated </span><span class="pp-class-166 pa t38119 l38122 ls1217">operating </span><span class="pp-class-166 pa t38119 l38123 ls564">profit </span><span class="pp-class-166 pa t38119 l38124 ls267">from </span><span class="pp-class-166 pa t38119 l7559 ls1129">exceptional </span><span class="pp-class-166 pa t38119 l38125 ls740">items, </span><span class="pp-class-166 pa t38126 l3">which, </span><span class="pp-class-166 pa t38126 l22309">by </span><span class="pp-class-166 pa t38126 l35186">their </span><span class="pp-class-166 pa t38126 l33154 ls856">nature, </span><span class="pp-class-166 pa t38126 l38127 ls228">are </span><span class="pp-class-166 pa t38126 l4401 ls1528">not </span><span class="pp-class-166 pa t38126 l34279 ls1766">related </span><span class="pp-class-166 pa t38126 l22330 ls135">to </span><span class="pp-class-166 pa t38126 l38128">the </span><span class="pp-class-166 pa t38126 l38129 ls1165">Group’s </span><span class="pp-class-166 pa t38126 l6238 ls1849">ordinary </span><span class="pp-class-166 pa t38126 l38130 ls154">operations </span><span class="pp-class-166 pa t38131 l3">or </span><span class="pp-class-166 pa t38131 l21054 ls1026">investment </span><span class="pp-class-166 pa t38131 l14291">in </span><span class="pp-class-166 pa t38131 l38132 ls564">future </span><span class="pp-class-166 pa t38131 l3896 ls3593">activities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38133 l3">Special </span><span class="pp-class-166 pa t38133 l5262 ls189">items </span><span class="pp-class-166 pa t38133 l38110">in </span><span class="pp-class-166 pa t38133 l38134">these </span><span class="pp-class-166 pa t38133 l38135">financial </span><span class="pp-class-166 pa t38133 l1738 ls946">statements </span><span class="pp-class-166 pa t38133 l38136 ls234">comprise </span><span class="pp-class-166 pa t38133 l3335 ls461">restructuring </span><span class="pp-class-166 pa t38133 l38137 ls2540">costs, </span><span class="pp-class-166 pa t38138 l3 ls750">transaction </span><span class="pp-class-166 pa t38138 l3649 ls1129">costs </span><span class="pp-class-166 pa t38138 l8780 ls66">relating </span><span class="pp-class-166 pa t38138 l19549 ls135">to </span><span class="pp-class-166 pa t38138 l2609 ls1575">acquisitions, </span><span class="pp-class-166 pa t38138 l7054">impairment </span><span class="pp-class-166 pa t38138 l32207 ls2540">costs, </span><span class="pp-class-166 pa t38138 l38139 ls492">etc., </span><span class="pp-class-166 pa t38138 l38140 ls66">relating </span><span class="pp-class-166 pa t38141 l3 ls135">to </span><span class="pp-class-166 pa t38141 l2457 ls234">material </span><span class="pp-class-166 pa t38141 l38142 ls101">structural, </span><span class="pp-class-166 pa t38141 l38143 ls1822">procedural </span><span class="pp-class-166 pa t38141 l38144">or </span><span class="pp-class-166 pa t38141 l38145">managerial </span><span class="pp-class-166 pa t38141 l16677 ls856">reorganisations </span><span class="pp-class-166 pa t38141 l38146">as </span><span class="pp-class-166 pa t38141 l38147 ls1122">well </span><span class="pp-class-166 pa t38141 l38148">as </span><span class="pp-class-166 pa t38149 l3">any </span><span class="pp-class-166 pa t38149 l21349 ls1766">related </span><span class="pp-class-166 pa t38149 l38150">gains </span><span class="pp-class-166 pa t38149 l38151">or </span><span class="pp-class-166 pa t38149 l38152 ls239">losses </span><span class="pp-class-166 pa t38149 l38153">on </span><span class="pp-class-166 pa t38149 l2461">disposals. </span></p></div></div><div class="pp-class-4" id="pp-id-4359" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h29807 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls4852">Management </span><span class="pp-class-170 pa t3624 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3624 l36377 ls2257">and </span><span class="pp-class-170 pa t3624 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">In </span><span class="pp-class-166 pa t3330 l1589">the </span><span class="pp-class-166 pa t3330 l2053 ls1026">classification </span><span class="pp-class-166 pa t3330 l38154">of </span><span class="pp-class-166 pa t3330 l38155">special </span><span class="pp-class-166 pa t3330 l38156 ls740">items, </span><span class="pp-class-166 pa t3330 l21709">judgement </span><span class="pp-class-166 pa t3330 l38157">is </span><span class="pp-class-166 pa t3330 l38158">applied </span><span class="pp-class-166 pa t3330 l38159">in </span><span class="pp-class-166 pa t3330 l38160">ensuring </span><span class="pp-class-166 pa t3330 l38161">that </span><span class="pp-class-166 pa t3330 l38162">only </span><span class="pp-class-166 pa t3338 l3 ls1129">exceptional </span><span class="pp-class-166 pa t3338 l7137 ls189">items </span><span class="pp-class-166 pa t3338 l34087 ls1528">not </span><span class="pp-class-166 pa t3338 l12864 ls977">associated </span><span class="pp-class-166 pa t3338 l38163">with </span><span class="pp-class-166 pa t3338 l38164">the </span><span class="pp-class-166 pa t3338 l23921 ls1849">ordinary </span><span class="pp-class-166 pa t3338 l38165 ls154">operations </span><span class="pp-class-166 pa t3338 l38166">of </span><span class="pp-class-166 pa t3338 l38167">the </span><span class="pp-class-166 pa t3338 l38168 ls497">Group </span><span class="pp-class-166 pa t3348 l3 ls228">are </span><span class="pp-class-166 pa t3348 l2357">included.</span></p></div></div><div class="pp-class-4" id="pp-id-4360" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37956 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2660">Special </span><span class="pp-class-170 pa t34823 l15291 ls1167">items</span><span class="pp-class-166 pa t34823 l38169"/><span class="pp-class-166 pa t34823 l38170">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls750">Restructuring </span><span class="pp-class-166 pa t34827 l38171">and </span><span class="pp-class-166 pa t34827 l38172 ls66">integration </span><span class="pp-class-166 pa t34827 l38173 ls1129">costs </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">3,973</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28132">657</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1858">Transaction </span><span class="pp-class-166 pa t35090 l38174 ls1129">costs </span><span class="pp-class-166 pa t35090 l29126 ls66">relating </span><span class="pp-class-166 pa t35090 l38175 ls135">to </span><span class="pp-class-166 pa t35090 l38176 ls86">acquisitions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38036">554</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">196</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l3 ls2660">Special </span><span class="pp-class-170 pa t37965 l15291 ls191">items, </span><span class="pp-class-170 pa t37965 l38177 ls1536">costs </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37966 ls2690">4,527</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l38178 ls1866">853</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4361" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h38179 pa t2 l3 wtro4 xx4664 tro6 xx4665"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t2723 l38180 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l38181">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38182 l3 ls2660">Special </span><span class="pp-class-170 pa t38182 l15291 ls6991">items </span><span class="pp-class-170 pa t38182 l38183 ls2275">bridge</span><span class="pp-class-166 pa t38182 l28013"/><span class="pp-class-166 pa t38182 l38184">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l38185 ls740">Reported </span><span class="pp-class-166 pa t36551 l38186 ls1122">statement </span><span class="pp-class-166 pa t36553 l38187">of </span><span class="pp-class-166 pa t36553 l38188 ls564">profit </span><span class="pp-class-166 pa t38182 l38189">or </span><span class="pp-class-166 pa t38182 l38190 ls1026">loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l38191">Special </span><span class="pp-class-166 pa t38182 l38192 ls1122">items</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l38193 ls740">Adjusted </span><span class="pp-class-166 pa t36551 l38194 ls1122">statement </span><span class="pp-class-166 pa t36553 l38195">of </span><span class="pp-class-166 pa t36553 l38196 ls564">profit </span><span class="pp-class-166 pa t38182 l38197">or </span><span class="pp-class-166 pa t38182 l38198 ls48">loss </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l38199 ls740">Reported </span><span class="pp-class-166 pa t36551 l38200 ls1122">statement </span><span class="pp-class-166 pa t36553 l38201">of </span><span class="pp-class-166 pa t36553 l38202 ls564">profit </span><span class="pp-class-166 pa t38182 l38203">or </span><span class="pp-class-166 pa t38182 l38204 ls1026">loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l38205">Special</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38182 l38206 ls1122">items</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l38207 ls740">Adjusted </span><span class="pp-class-166 pa t36551 l38208 ls1122">statement </span><span class="pp-class-166 pa t36553 l38209">of </span><span class="pp-class-166 pa t36553 l38210 ls564">profit </span><span class="pp-class-166 pa t38182 l38211">or </span><span class="pp-class-166 pa t38182 l38212 ls48">loss </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38213 l3 ls189">Revenue</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38213 l38185">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38213 l38214">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38213 l38215">247,331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38213 l38216">167,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38213 l38217">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38213 l38218">167,106</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38219 l3 ls1575">Direct </span><span class="pp-class-166 pa t38219 l13166 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38219 l38185">180,472</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38219 l38220">236</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38219 l38215">180,708</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38219 l38216">124,132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38219 l38221">23</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38219 l38218">124,155</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38222 l3 ls1186">Gross </span><span class="pp-class-170 pa t38222 l34833 ls1663">profit</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38222 l38223 ls2688">66,859</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38222 l38224 ls2690">(236)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38222 l38225 ls2688">66,623</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38222 l38226 ls2688">42,974</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38222 l38227 ls1853">(23)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38222 l38228 ls2688">42,951</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38229 l3">Other </span><span class="pp-class-166 pa t38229 l4385 ls59">external </span><span class="pp-class-166 pa t38229 l13173 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38229 l38230">9,445</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38229 l38231">1,605</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38229 l38232">11,050</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38229 l38233">4,652</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38229 l38234">366</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38229 l38235">5,018</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38236 l3 ls826">Staff </span><span class="pp-class-166 pa t38236 l616 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38236 l38237">29,170</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38236 l38231">2,642</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38236 l38232">31,812</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38236 l38238">16,491</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38236 l38234">229</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38236 l37820">16,720</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38239 l3 ls5045">Operating </span><span class="pp-class-170 pa t38239 l34842 ls6383">profit </span><span class="pp-class-170 pa t38239 l34843 ls13579">before </span><span class="pp-class-170 pa t38239 l34844 ls6798">amortisation </span><span class="pp-class-170 pa t38239 l34845 ls1853">and </span><span class="pp-class-170 pa t38239 l34846 ls11697">depreciation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38239 l38223 ls2688">28,244</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38239 l38240 ls1858">(4,483)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38239 l38225 ls2688">23,761</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38239 l38226 ls2688">21,831</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38239 l38241 ls2690">(618)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38239 l38228 ls2688">21,213</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38242 l3 ls492">Amortisation </span><span class="pp-class-166 pa t38242 l13190">and </span><span class="pp-class-166 pa t38242 l11987 ls740">depreciation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38242 l38230">8,633</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38242 l38243">40</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38242 l38244">8,673</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38242 l38233">5,735</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38242 l38234">200</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38242 l38235">5,935</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38245 l3 ls5045">Operating </span><span class="pp-class-170 pa t38245 l34842 ls1663">profit</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38245 l38223 ls2688">19,611</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38245 l38240 ls1858">(4,523)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38245 l38225 ls2688">15,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38245 l38226 ls2688">16,096</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38245 l38241 ls2690">(818)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38245 l38228 ls2688">15,278</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38246 l3">Special </span><span class="pp-class-166 pa t38246 l5262 ls740">items, </span><span class="pp-class-166 pa t38246 l34858 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38246 l38230">4,527</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38246 l38247">(4,527)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38246 l38248">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38246 l38249">853</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38246 l38250">(853)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38246 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38252 l3 ls394">Financial </span><span class="pp-class-166 pa t38252 l563 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38252 l38230">1,089</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38252 l38214">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38252 l38244">1,089</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38252 l38249">650</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38252 l38217">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38252 l38253">650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38254 l3 ls394">Financial </span><span class="pp-class-166 pa t38254 l563 ls1849">expenses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38254 l38230">4,026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38254 l38255">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38254 l38244">4,030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38254 l38233">2,470</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38254 l38221">35</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38254 l38235">2,505</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38256 l3 ls2309">Profit </span><span class="pp-class-170 pa t38256 l34865 ls13579">before </span><span class="pp-class-170 pa t38256 l34866 ls2275">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38256 l38223 ls2688">12,147</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38256 l38257">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38256 l38225 ls2688">12,147</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38256 l38226 ls2688">13,423</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38256 l38258">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38256 l38228 ls2688">13,423</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4358" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38107 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38108 l3 ls5287">Accounting </span><span class="pp-class-170 pa t38108 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38109 l3">Special </span><span class="pp-class-166 pa t38109 l5262 ls189">items </span><span class="pp-class-166 pa t38109 l38110 ls228">are </span><span class="pp-class-166 pa t38109 l13932">used </span><span class="pp-class-166 pa t38109 l38111">in </span><span class="pp-class-166 pa t38109 l26168 ls1435">connection </span><span class="pp-class-166 pa t38109 l3673">with </span><span class="pp-class-166 pa t38109 l38112">the </span><span class="pp-class-166 pa t38109 l38113 ls107">presentation </span><span class="pp-class-166 pa t38109 l38114">of </span><span class="pp-class-166 pa t38109 l38115 ls564">profit </span><span class="pp-class-166 pa t38109 l38116">or </span><span class="pp-class-166 pa t38109 l38117 ls48">loss </span><span class="pp-class-166 pa t38109 l38118 ls228">for </span><span class="pp-class-166 pa t38119 l3">the </span><span class="pp-class-166 pa t38119 l1913 ls48">year </span><span class="pp-class-166 pa t38119 l21073 ls135">to </span><span class="pp-class-166 pa t38119 l38120 ls239">distinguish </span><span class="pp-class-166 pa t38119 l38121 ls1119">consolidated </span><span class="pp-class-166 pa t38119 l38122 ls1217">operating </span><span class="pp-class-166 pa t38119 l38123 ls564">profit </span><span class="pp-class-166 pa t38119 l38124 ls267">from </span><span class="pp-class-166 pa t38119 l7559 ls1129">exceptional </span><span class="pp-class-166 pa t38119 l38125 ls740">items, </span><span class="pp-class-166 pa t38126 l3">which, </span><span class="pp-class-166 pa t38126 l22309">by </span><span class="pp-class-166 pa t38126 l35186">their </span><span class="pp-class-166 pa t38126 l33154 ls856">nature, </span><span class="pp-class-166 pa t38126 l38127 ls228">are </span><span class="pp-class-166 pa t38126 l4401 ls1528">not </span><span class="pp-class-166 pa t38126 l34279 ls1766">related </span><span class="pp-class-166 pa t38126 l22330 ls135">to </span><span class="pp-class-166 pa t38126 l38128">the </span><span class="pp-class-166 pa t38126 l38129 ls1165">Group’s </span><span class="pp-class-166 pa t38126 l6238 ls1849">ordinary </span><span class="pp-class-166 pa t38126 l38130 ls154">operations </span><span class="pp-class-166 pa t38131 l3">or </span><span class="pp-class-166 pa t38131 l21054 ls1026">investment </span><span class="pp-class-166 pa t38131 l14291">in </span><span class="pp-class-166 pa t38131 l38132 ls564">future </span><span class="pp-class-166 pa t38131 l3896 ls3593">activities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38133 l3">Special </span><span class="pp-class-166 pa t38133 l5262 ls189">items </span><span class="pp-class-166 pa t38133 l38110">in </span><span class="pp-class-166 pa t38133 l38134">these </span><span class="pp-class-166 pa t38133 l38135">financial </span><span class="pp-class-166 pa t38133 l1738 ls946">statements </span><span class="pp-class-166 pa t38133 l38136 ls234">comprise </span><span class="pp-class-166 pa t38133 l3335 ls461">restructuring </span><span class="pp-class-166 pa t38133 l38137 ls2540">costs, </span><span class="pp-class-166 pa t38138 l3 ls750">transaction </span><span class="pp-class-166 pa t38138 l3649 ls1129">costs </span><span class="pp-class-166 pa t38138 l8780 ls66">relating </span><span class="pp-class-166 pa t38138 l19549 ls135">to </span><span class="pp-class-166 pa t38138 l2609 ls1575">acquisitions, </span><span class="pp-class-166 pa t38138 l7054">impairment </span><span class="pp-class-166 pa t38138 l32207 ls2540">costs, </span><span class="pp-class-166 pa t38138 l38139 ls492">etc., </span><span class="pp-class-166 pa t38138 l38140 ls66">relating </span><span class="pp-class-166 pa t38141 l3 ls135">to </span><span class="pp-class-166 pa t38141 l2457 ls234">material </span><span class="pp-class-166 pa t38141 l38142 ls101">structural, </span><span class="pp-class-166 pa t38141 l38143 ls1822">procedural </span><span class="pp-class-166 pa t38141 l38144">or </span><span class="pp-class-166 pa t38141 l38145">managerial </span><span class="pp-class-166 pa t38141 l16677 ls856">reorganisations </span><span class="pp-class-166 pa t38141 l38146">as </span><span class="pp-class-166 pa t38141 l38147 ls1122">well </span><span class="pp-class-166 pa t38141 l38148">as </span><span class="pp-class-166 pa t38149 l3">any </span><span class="pp-class-166 pa t38149 l21349 ls1766">related </span><span class="pp-class-166 pa t38149 l38150">gains </span><span class="pp-class-166 pa t38149 l38151">or </span><span class="pp-class-166 pa t38149 l38152 ls239">losses </span><span class="pp-class-166 pa t38149 l38153">on </span><span class="pp-class-166 pa t38149 l2461">disposals. </span></p></div></div> <div class="pp-class-4" id="pp-id-4358" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38107 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38108 l3 ls5287">Accounting </span><span class="pp-class-170 pa t38108 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38109 l3">Special </span><span class="pp-class-166 pa t38109 l5262 ls189">items </span><span class="pp-class-166 pa t38109 l38110 ls228">are </span><span class="pp-class-166 pa t38109 l13932">used </span><span class="pp-class-166 pa t38109 l38111">in </span><span class="pp-class-166 pa t38109 l26168 ls1435">connection </span><span class="pp-class-166 pa t38109 l3673">with </span><span class="pp-class-166 pa t38109 l38112">the </span><span class="pp-class-166 pa t38109 l38113 ls107">presentation </span><span class="pp-class-166 pa t38109 l38114">of </span><span class="pp-class-166 pa t38109 l38115 ls564">profit </span><span class="pp-class-166 pa t38109 l38116">or </span><span class="pp-class-166 pa t38109 l38117 ls48">loss </span><span class="pp-class-166 pa t38109 l38118 ls228">for </span><span class="pp-class-166 pa t38119 l3">the </span><span class="pp-class-166 pa t38119 l1913 ls48">year </span><span class="pp-class-166 pa t38119 l21073 ls135">to </span><span class="pp-class-166 pa t38119 l38120 ls239">distinguish </span><span class="pp-class-166 pa t38119 l38121 ls1119">consolidated </span><span class="pp-class-166 pa t38119 l38122 ls1217">operating </span><span class="pp-class-166 pa t38119 l38123 ls564">profit </span><span class="pp-class-166 pa t38119 l38124 ls267">from </span><span class="pp-class-166 pa t38119 l7559 ls1129">exceptional </span><span class="pp-class-166 pa t38119 l38125 ls740">items, </span><span class="pp-class-166 pa t38126 l3">which, </span><span class="pp-class-166 pa t38126 l22309">by </span><span class="pp-class-166 pa t38126 l35186">their </span><span class="pp-class-166 pa t38126 l33154 ls856">nature, </span><span class="pp-class-166 pa t38126 l38127 ls228">are </span><span class="pp-class-166 pa t38126 l4401 ls1528">not </span><span class="pp-class-166 pa t38126 l34279 ls1766">related </span><span class="pp-class-166 pa t38126 l22330 ls135">to </span><span class="pp-class-166 pa t38126 l38128">the </span><span class="pp-class-166 pa t38126 l38129 ls1165">Group’s </span><span class="pp-class-166 pa t38126 l6238 ls1849">ordinary </span><span class="pp-class-166 pa t38126 l38130 ls154">operations </span><span class="pp-class-166 pa t38131 l3">or </span><span class="pp-class-166 pa t38131 l21054 ls1026">investment </span><span class="pp-class-166 pa t38131 l14291">in </span><span class="pp-class-166 pa t38131 l38132 ls564">future </span><span class="pp-class-166 pa t38131 l3896 ls3593">activities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38133 l3">Special </span><span class="pp-class-166 pa t38133 l5262 ls189">items </span><span class="pp-class-166 pa t38133 l38110">in </span><span class="pp-class-166 pa t38133 l38134">these </span><span class="pp-class-166 pa t38133 l38135">financial </span><span class="pp-class-166 pa t38133 l1738 ls946">statements </span><span class="pp-class-166 pa t38133 l38136 ls234">comprise </span><span class="pp-class-166 pa t38133 l3335 ls461">restructuring </span><span class="pp-class-166 pa t38133 l38137 ls2540">costs, </span><span class="pp-class-166 pa t38138 l3 ls750">transaction </span><span class="pp-class-166 pa t38138 l3649 ls1129">costs </span><span class="pp-class-166 pa t38138 l8780 ls66">relating </span><span class="pp-class-166 pa t38138 l19549 ls135">to </span><span class="pp-class-166 pa t38138 l2609 ls1575">acquisitions, </span><span class="pp-class-166 pa t38138 l7054">impairment </span><span class="pp-class-166 pa t38138 l32207 ls2540">costs, </span><span class="pp-class-166 pa t38138 l38139 ls492">etc., </span><span class="pp-class-166 pa t38138 l38140 ls66">relating </span><span class="pp-class-166 pa t38141 l3 ls135">to </span><span class="pp-class-166 pa t38141 l2457 ls234">material </span><span class="pp-class-166 pa t38141 l38142 ls101">structural, </span><span class="pp-class-166 pa t38141 l38143 ls1822">procedural </span><span class="pp-class-166 pa t38141 l38144">or </span><span class="pp-class-166 pa t38141 l38145">managerial </span><span class="pp-class-166 pa t38141 l16677 ls856">reorganisations </span><span class="pp-class-166 pa t38141 l38146">as </span><span class="pp-class-166 pa t38141 l38147 ls1122">well </span><span class="pp-class-166 pa t38141 l38148">as </span><span class="pp-class-166 pa t38149 l3">any </span><span class="pp-class-166 pa t38149 l21349 ls1766">related </span><span class="pp-class-166 pa t38149 l38150">gains </span><span class="pp-class-166 pa t38149 l38151">or </span><span class="pp-class-166 pa t38149 l38152 ls239">losses </span><span class="pp-class-166 pa t38149 l38153">on </span><span class="pp-class-166 pa t38149 l2461">disposals. </span></p></div></div> <div class="pp-class-4" id="pp-id-4362" xmlns="http://www.w3.org/1999/xhtml"><div class="w38259 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.8 </span><span class="pp-class-169 pa t254 l37093 ls38260">Financial </span><span class="pp-class-169 pa t254 l38261 ls38262">income </span><span class="pp-class-169 pa t254 l38263 ls6611">and </span><span class="pp-class-169 pa t254 l38264 ls38265">expenses</span></p></div></div><div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div><div id="pp-id-4364" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38285 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls1663">income</span><span class="pp-class-166 pa t34823 l38286"/><span class="pp-class-166 pa t34823 l38287 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls135">Interest </span><span class="pp-class-166 pa t34827 l8671 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28132">650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls497">Share </span><span class="pp-class-166 pa t35090 l15462">of </span><span class="pp-class-166 pa t35090 l20299 ls1595">associates’ </span><span class="pp-class-166 pa t35090 l12803 ls234">net </span><span class="pp-class-166 pa t35090 l23835 ls1839">result, </span><span class="pp-class-166 pa t35090 l33494 ls234">net </span><span class="pp-class-166 pa t35090 l38288">of </span><span class="pp-class-166 pa t35090 l16063 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38289">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l37966 ls2690">1,089</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l38178 ls1866">650</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4365" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38291 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38292 l3 ls135">Interest </span><span class="pp-class-166 pa t38292 l8671 ls740">income </span><span class="pp-class-166 pa t38292 l1241">includes </span><span class="pp-class-166 pa t38292 l37107 ls135">interest </span><span class="pp-class-166 pa t38292 l12543">on </span><span class="pp-class-166 pa t38292 l36782">financial </span><span class="pp-class-166 pa t38292 l9812 ls4053">assets </span><span class="pp-class-166 pa t38292 l11786">of </span><span class="pp-class-166 pa t38292 l38293">DKK </span><span class="pp-class-166 pa t38292 l15542">1,084 </span><span class="pp-class-166 pa t38292 l38294">million </span><span class="pp-class-166 pa t38292 l38295 ls1026">mea-</span><span class="pp-class-166 pa t38296 l3 ls497">sured </span><span class="pp-class-166 pa t38296 l4792">at </span><span class="pp-class-166 pa t38296 l38297 ls2179">amortised </span><span class="pp-class-166 pa t38296 l38298 ls3490">cost </span><span class="pp-class-166 pa t38296 l20857">(2024: </span><span class="pp-class-166 pa t38296 l38299">DKK </span><span class="pp-class-166 pa t38296 l38300">650 </span><span class="pp-class-166 pa t38296 l38301">million).</span></p></div></div><div id="pp-id-4366" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38302 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls2380">expenses </span><span class="pp-class-166 pa t34823 l24019">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls135">Interest </span><span class="pp-class-166 pa t34827 l8671 ls1683">expenses </span><span class="pp-class-166 pa t34827 l38303">on </span><span class="pp-class-166 pa t34827 l38304 ls101">lease </span><span class="pp-class-166 pa t34827 l31310">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28456">1,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls135">Interest </span><span class="pp-class-166 pa t35090 l8671 ls1683">expenses </span><span class="pp-class-166 pa t35090 l38303">on </span><span class="pp-class-166 pa t35090 l38304 ls147">borrowings </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">1,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">410</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls135">Interest </span><span class="pp-class-166 pa t35092 l8671 ls86">expenses, </span><span class="pp-class-166 pa t35092 l38305">bank</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">325</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28132">364</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3 ls497">Share </span><span class="pp-class-166 pa t35098 l15462">of </span><span class="pp-class-166 pa t35098 l20299 ls1595">associates’ </span><span class="pp-class-166 pa t35098 l12803 ls234">net </span><span class="pp-class-166 pa t35098 l23835 ls1839">result, </span><span class="pp-class-166 pa t35098 l33494 ls234">net </span><span class="pp-class-166 pa t35098 l38288">of </span><span class="pp-class-166 pa t35098 l16063 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l38306">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28210">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls394">Financial </span><span class="pp-class-166 pa t35099 l563 ls1683">expenses </span><span class="pp-class-166 pa t35099 l38307">on </span><span class="pp-class-166 pa t35099 l38308">pension </span><span class="pp-class-166 pa t35099 l1400">obligations, </span><span class="pp-class-166 pa t38309 l3 ls1860">refer </span><span class="pp-class-166 pa t38309 l27581 ls135">to </span><span class="pp-class-171 pa t38309 l29038 ls7025">note </span><span class="pp-class-171 pa t38309 l38310 ls1866">3.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38309 l38095">74</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38309 l28210">46</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l3 ls2870">Foreign </span><span class="pp-class-166 pa t38311 l33567 ls851">exchange </span><span class="pp-class-166 pa t38311 l23385 ls101">loss, </span><span class="pp-class-166 pa t38311 l38312 ls826">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l38036">199</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l28132">372</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l3">Other </span><span class="pp-class-166 pa t38313 l4385">financial </span><span class="pp-class-166 pa t38313 l28667 ls1849">expenses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l38036">132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l28132">103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l37966 ls2690">4,026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l37967 ls2690">2,470</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4367" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38315 pa t2 l3 wtro4 xx1309 tro6 xx1310"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38316 l3 ls135">Interest </span><span class="pp-class-166 pa t38316 l8671 ls1683">expenses </span><span class="pp-class-166 pa t38316 l38303">include </span><span class="pp-class-166 pa t38316 l19549 ls135">interest </span><span class="pp-class-166 pa t38316 l26937">on </span><span class="pp-class-166 pa t38316 l8636">financial </span><span class="pp-class-166 pa t38316 l14575">liabilities </span><span class="pp-class-166 pa t38316 l36197 ls1528">measured </span><span class="pp-class-166 pa t38316 l38317">at </span><span class="pp-class-166 pa t38316 l33915 ls2179">amortised </span><span class="pp-class-166 pa t38318 l3 ls3490">cost </span><span class="pp-class-166 pa t38318 l10527">of </span><span class="pp-class-166 pa t38318 l38319">DKK </span><span class="pp-class-166 pa t38318 l28850">3,621 </span><span class="pp-class-166 pa t38318 l36948">million </span><span class="pp-class-166 pa t38318 l32586">(2024: </span><span class="pp-class-166 pa t38318 l38320">DKK </span><span class="pp-class-166 pa t38318 l9937">1,926 </span><span class="pp-class-166 pa t38318 l38321">million).</span></p></div></div> <div class="pp-class-4" id="pp-id-4362" xmlns="http://www.w3.org/1999/xhtml"><div class="w38259 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">2.8 </span><span class="pp-class-169 pa t254 l37093 ls38260">Financial </span><span class="pp-class-169 pa t254 l38261 ls38262">income </span><span class="pp-class-169 pa t254 l38263 ls6611">and </span><span class="pp-class-169 pa t254 l38264 ls38265">expenses</span></p></div></div><div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div><div id="pp-id-4364" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38285 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls1663">income</span><span class="pp-class-166 pa t34823 l38286"/><span class="pp-class-166 pa t34823 l38287 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls135">Interest </span><span class="pp-class-166 pa t34827 l8671 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28132">650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls497">Share </span><span class="pp-class-166 pa t35090 l15462">of </span><span class="pp-class-166 pa t35090 l20299 ls1595">associates’ </span><span class="pp-class-166 pa t35090 l12803 ls234">net </span><span class="pp-class-166 pa t35090 l23835 ls1839">result, </span><span class="pp-class-166 pa t35090 l33494 ls234">net </span><span class="pp-class-166 pa t35090 l38288">of </span><span class="pp-class-166 pa t35090 l16063 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38289">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l37966 ls2690">1,089</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l38178 ls1866">650</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4365" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38291 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38292 l3 ls135">Interest </span><span class="pp-class-166 pa t38292 l8671 ls740">income </span><span class="pp-class-166 pa t38292 l1241">includes </span><span class="pp-class-166 pa t38292 l37107 ls135">interest </span><span class="pp-class-166 pa t38292 l12543">on </span><span class="pp-class-166 pa t38292 l36782">financial </span><span class="pp-class-166 pa t38292 l9812 ls4053">assets </span><span class="pp-class-166 pa t38292 l11786">of </span><span class="pp-class-166 pa t38292 l38293">DKK </span><span class="pp-class-166 pa t38292 l15542">1,084 </span><span class="pp-class-166 pa t38292 l38294">million </span><span class="pp-class-166 pa t38292 l38295 ls1026">mea-</span><span class="pp-class-166 pa t38296 l3 ls497">sured </span><span class="pp-class-166 pa t38296 l4792">at </span><span class="pp-class-166 pa t38296 l38297 ls2179">amortised </span><span class="pp-class-166 pa t38296 l38298 ls3490">cost </span><span class="pp-class-166 pa t38296 l20857">(2024: </span><span class="pp-class-166 pa t38296 l38299">DKK </span><span class="pp-class-166 pa t38296 l38300">650 </span><span class="pp-class-166 pa t38296 l38301">million).</span></p></div></div><div id="pp-id-4366" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38302 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls2380">expenses </span><span class="pp-class-166 pa t34823 l24019">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls135">Interest </span><span class="pp-class-166 pa t34827 l8671 ls1683">expenses </span><span class="pp-class-166 pa t34827 l38303">on </span><span class="pp-class-166 pa t34827 l38304 ls101">lease </span><span class="pp-class-166 pa t34827 l31310">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28456">1,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls135">Interest </span><span class="pp-class-166 pa t35090 l8671 ls1683">expenses </span><span class="pp-class-166 pa t35090 l38303">on </span><span class="pp-class-166 pa t35090 l38304 ls147">borrowings </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">1,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">410</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls135">Interest </span><span class="pp-class-166 pa t35092 l8671 ls86">expenses, </span><span class="pp-class-166 pa t35092 l38305">bank</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">325</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28132">364</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3 ls497">Share </span><span class="pp-class-166 pa t35098 l15462">of </span><span class="pp-class-166 pa t35098 l20299 ls1595">associates’ </span><span class="pp-class-166 pa t35098 l12803 ls234">net </span><span class="pp-class-166 pa t35098 l23835 ls1839">result, </span><span class="pp-class-166 pa t35098 l33494 ls234">net </span><span class="pp-class-166 pa t35098 l38288">of </span><span class="pp-class-166 pa t35098 l16063 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l38306">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28210">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls394">Financial </span><span class="pp-class-166 pa t35099 l563 ls1683">expenses </span><span class="pp-class-166 pa t35099 l38307">on </span><span class="pp-class-166 pa t35099 l38308">pension </span><span class="pp-class-166 pa t35099 l1400">obligations, </span><span class="pp-class-166 pa t38309 l3 ls1860">refer </span><span class="pp-class-166 pa t38309 l27581 ls135">to </span><span class="pp-class-171 pa t38309 l29038 ls7025">note </span><span class="pp-class-171 pa t38309 l38310 ls1866">3.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38309 l38095">74</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38309 l28210">46</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l3 ls2870">Foreign </span><span class="pp-class-166 pa t38311 l33567 ls851">exchange </span><span class="pp-class-166 pa t38311 l23385 ls101">loss, </span><span class="pp-class-166 pa t38311 l38312 ls826">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l38036">199</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l28132">372</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l3">Other </span><span class="pp-class-166 pa t38313 l4385">financial </span><span class="pp-class-166 pa t38313 l28667 ls1849">expenses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l38036">132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l28132">103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l37966 ls2690">4,026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l37967 ls2690">2,470</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4367" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38315 pa t2 l3 wtro4 xx1309 tro6 xx1310"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38316 l3 ls135">Interest </span><span class="pp-class-166 pa t38316 l8671 ls1683">expenses </span><span class="pp-class-166 pa t38316 l38303">include </span><span class="pp-class-166 pa t38316 l19549 ls135">interest </span><span class="pp-class-166 pa t38316 l26937">on </span><span class="pp-class-166 pa t38316 l8636">financial </span><span class="pp-class-166 pa t38316 l14575">liabilities </span><span class="pp-class-166 pa t38316 l36197 ls1528">measured </span><span class="pp-class-166 pa t38316 l38317">at </span><span class="pp-class-166 pa t38316 l33915 ls2179">amortised </span><span class="pp-class-166 pa t38318 l3 ls3490">cost </span><span class="pp-class-166 pa t38318 l10527">of </span><span class="pp-class-166 pa t38318 l38319">DKK </span><span class="pp-class-166 pa t38318 l28850">3,621 </span><span class="pp-class-166 pa t38318 l36948">million </span><span class="pp-class-166 pa t38318 l32586">(2024: </span><span class="pp-class-166 pa t38318 l38320">DKK </span><span class="pp-class-166 pa t38318 l9937">1,926 </span><span class="pp-class-166 pa t38318 l38321">million).</span></p></div></div> <div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div> <div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div> <div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div> <div id="pp-id-4364" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38285 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls1663">income</span><span class="pp-class-166 pa t34823 l38286"/><span class="pp-class-166 pa t34823 l38287 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls135">Interest </span><span class="pp-class-166 pa t34827 l8671 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28132">650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls497">Share </span><span class="pp-class-166 pa t35090 l15462">of </span><span class="pp-class-166 pa t35090 l20299 ls1595">associates’ </span><span class="pp-class-166 pa t35090 l12803 ls234">net </span><span class="pp-class-166 pa t35090 l23835 ls1839">result, </span><span class="pp-class-166 pa t35090 l33494 ls234">net </span><span class="pp-class-166 pa t35090 l38288">of </span><span class="pp-class-166 pa t35090 l16063 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38289">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l37966 ls2690">1,089</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l38178 ls1866">650</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4365" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38291 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38292 l3 ls135">Interest </span><span class="pp-class-166 pa t38292 l8671 ls740">income </span><span class="pp-class-166 pa t38292 l1241">includes </span><span class="pp-class-166 pa t38292 l37107 ls135">interest </span><span class="pp-class-166 pa t38292 l12543">on </span><span class="pp-class-166 pa t38292 l36782">financial </span><span class="pp-class-166 pa t38292 l9812 ls4053">assets </span><span class="pp-class-166 pa t38292 l11786">of </span><span class="pp-class-166 pa t38292 l38293">DKK </span><span class="pp-class-166 pa t38292 l15542">1,084 </span><span class="pp-class-166 pa t38292 l38294">million </span><span class="pp-class-166 pa t38292 l38295 ls1026">mea-</span><span class="pp-class-166 pa t38296 l3 ls497">sured </span><span class="pp-class-166 pa t38296 l4792">at </span><span class="pp-class-166 pa t38296 l38297 ls2179">amortised </span><span class="pp-class-166 pa t38296 l38298 ls3490">cost </span><span class="pp-class-166 pa t38296 l20857">(2024: </span><span class="pp-class-166 pa t38296 l38299">DKK </span><span class="pp-class-166 pa t38296 l38300">650 </span><span class="pp-class-166 pa t38296 l38301">million).</span></p></div></div><div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div> <div id="pp-id-4364" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38285 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls1663">income</span><span class="pp-class-166 pa t34823 l38286"/><span class="pp-class-166 pa t34823 l38287 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls135">Interest </span><span class="pp-class-166 pa t34827 l8671 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28132">650</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls497">Share </span><span class="pp-class-166 pa t35090 l15462">of </span><span class="pp-class-166 pa t35090 l20299 ls1595">associates’ </span><span class="pp-class-166 pa t35090 l12803 ls234">net </span><span class="pp-class-166 pa t35090 l23835 ls1839">result, </span><span class="pp-class-166 pa t35090 l33494 ls234">net </span><span class="pp-class-166 pa t35090 l38288">of </span><span class="pp-class-166 pa t35090 l16063 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38289">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l37966 ls2690">1,089</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38290 l38178 ls1866">650</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4365" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38291 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38292 l3 ls135">Interest </span><span class="pp-class-166 pa t38292 l8671 ls740">income </span><span class="pp-class-166 pa t38292 l1241">includes </span><span class="pp-class-166 pa t38292 l37107 ls135">interest </span><span class="pp-class-166 pa t38292 l12543">on </span><span class="pp-class-166 pa t38292 l36782">financial </span><span class="pp-class-166 pa t38292 l9812 ls4053">assets </span><span class="pp-class-166 pa t38292 l11786">of </span><span class="pp-class-166 pa t38292 l38293">DKK </span><span class="pp-class-166 pa t38292 l15542">1,084 </span><span class="pp-class-166 pa t38292 l38294">million </span><span class="pp-class-166 pa t38292 l38295 ls1026">mea-</span><span class="pp-class-166 pa t38296 l3 ls497">sured </span><span class="pp-class-166 pa t38296 l4792">at </span><span class="pp-class-166 pa t38296 l38297 ls2179">amortised </span><span class="pp-class-166 pa t38296 l38298 ls3490">cost </span><span class="pp-class-166 pa t38296 l20857">(2024: </span><span class="pp-class-166 pa t38296 l38299">DKK </span><span class="pp-class-166 pa t38296 l38300">650 </span><span class="pp-class-166 pa t38296 l38301">million).</span></p></div></div><div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div> <div id="pp-id-4366" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38302 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls2380">expenses </span><span class="pp-class-166 pa t34823 l24019">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls135">Interest </span><span class="pp-class-166 pa t34827 l8671 ls1683">expenses </span><span class="pp-class-166 pa t34827 l38303">on </span><span class="pp-class-166 pa t34827 l38304 ls101">lease </span><span class="pp-class-166 pa t34827 l31310">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28456">1,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls135">Interest </span><span class="pp-class-166 pa t35090 l8671 ls1683">expenses </span><span class="pp-class-166 pa t35090 l38303">on </span><span class="pp-class-166 pa t35090 l38304 ls147">borrowings </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">1,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">410</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls135">Interest </span><span class="pp-class-166 pa t35092 l8671 ls86">expenses, </span><span class="pp-class-166 pa t35092 l38305">bank</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">325</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28132">364</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3 ls497">Share </span><span class="pp-class-166 pa t35098 l15462">of </span><span class="pp-class-166 pa t35098 l20299 ls1595">associates’ </span><span class="pp-class-166 pa t35098 l12803 ls234">net </span><span class="pp-class-166 pa t35098 l23835 ls1839">result, </span><span class="pp-class-166 pa t35098 l33494 ls234">net </span><span class="pp-class-166 pa t35098 l38288">of </span><span class="pp-class-166 pa t35098 l16063 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l38306">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28210">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls394">Financial </span><span class="pp-class-166 pa t35099 l563 ls1683">expenses </span><span class="pp-class-166 pa t35099 l38307">on </span><span class="pp-class-166 pa t35099 l38308">pension </span><span class="pp-class-166 pa t35099 l1400">obligations, </span><span class="pp-class-166 pa t38309 l3 ls1860">refer </span><span class="pp-class-166 pa t38309 l27581 ls135">to </span><span class="pp-class-171 pa t38309 l29038 ls7025">note </span><span class="pp-class-171 pa t38309 l38310 ls1866">3.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38309 l38095">74</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38309 l28210">46</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l3 ls2870">Foreign </span><span class="pp-class-166 pa t38311 l33567 ls851">exchange </span><span class="pp-class-166 pa t38311 l23385 ls101">loss, </span><span class="pp-class-166 pa t38311 l38312 ls826">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l38036">199</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l28132">372</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l3">Other </span><span class="pp-class-166 pa t38313 l4385">financial </span><span class="pp-class-166 pa t38313 l28667 ls1849">expenses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l38036">132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l28132">103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l37966 ls2690">4,026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l37967 ls2690">2,470</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4367" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38315 pa t2 l3 wtro4 xx1309 tro6 xx1310"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38316 l3 ls135">Interest </span><span class="pp-class-166 pa t38316 l8671 ls1683">expenses </span><span class="pp-class-166 pa t38316 l38303">include </span><span class="pp-class-166 pa t38316 l19549 ls135">interest </span><span class="pp-class-166 pa t38316 l26937">on </span><span class="pp-class-166 pa t38316 l8636">financial </span><span class="pp-class-166 pa t38316 l14575">liabilities </span><span class="pp-class-166 pa t38316 l36197 ls1528">measured </span><span class="pp-class-166 pa t38316 l38317">at </span><span class="pp-class-166 pa t38316 l33915 ls2179">amortised </span><span class="pp-class-166 pa t38318 l3 ls3490">cost </span><span class="pp-class-166 pa t38318 l10527">of </span><span class="pp-class-166 pa t38318 l38319">DKK </span><span class="pp-class-166 pa t38318 l28850">3,621 </span><span class="pp-class-166 pa t38318 l36948">million </span><span class="pp-class-166 pa t38318 l32586">(2024: </span><span class="pp-class-166 pa t38318 l38320">DKK </span><span class="pp-class-166 pa t38318 l9937">1,926 </span><span class="pp-class-166 pa t38318 l38321">million).</span></p></div></div><div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div> <div id="pp-id-4366" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38302 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls2380">expenses </span><span class="pp-class-166 pa t34823 l24019">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls135">Interest </span><span class="pp-class-166 pa t34827 l8671 ls1683">expenses </span><span class="pp-class-166 pa t34827 l38303">on </span><span class="pp-class-166 pa t34827 l38304 ls101">lease </span><span class="pp-class-166 pa t34827 l31310">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,669</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28456">1,152</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls135">Interest </span><span class="pp-class-166 pa t35090 l8671 ls1683">expenses </span><span class="pp-class-166 pa t35090 l38303">on </span><span class="pp-class-166 pa t35090 l38304 ls147">borrowings </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">1,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">410</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls135">Interest </span><span class="pp-class-166 pa t35092 l8671 ls86">expenses, </span><span class="pp-class-166 pa t35092 l38305">bank</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">325</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28132">364</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3 ls497">Share </span><span class="pp-class-166 pa t35098 l15462">of </span><span class="pp-class-166 pa t35098 l20299 ls1595">associates’ </span><span class="pp-class-166 pa t35098 l12803 ls234">net </span><span class="pp-class-166 pa t35098 l23835 ls1839">result, </span><span class="pp-class-166 pa t35098 l33494 ls234">net </span><span class="pp-class-166 pa t35098 l38288">of </span><span class="pp-class-166 pa t35098 l16063 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l38306">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28210">23</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls394">Financial </span><span class="pp-class-166 pa t35099 l563 ls1683">expenses </span><span class="pp-class-166 pa t35099 l38307">on </span><span class="pp-class-166 pa t35099 l38308">pension </span><span class="pp-class-166 pa t35099 l1400">obligations, </span><span class="pp-class-166 pa t38309 l3 ls1860">refer </span><span class="pp-class-166 pa t38309 l27581 ls135">to </span><span class="pp-class-171 pa t38309 l29038 ls7025">note </span><span class="pp-class-171 pa t38309 l38310 ls1866">3.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38309 l38095">74</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38309 l28210">46</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l3 ls2870">Foreign </span><span class="pp-class-166 pa t38311 l33567 ls851">exchange </span><span class="pp-class-166 pa t38311 l23385 ls101">loss, </span><span class="pp-class-166 pa t38311 l38312 ls826">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l38036">199</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38311 l28132">372</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l3">Other </span><span class="pp-class-166 pa t38313 l4385">financial </span><span class="pp-class-166 pa t38313 l28667 ls1849">expenses</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l38036">132</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l28132">103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l37966 ls2690">4,026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38314 l37967 ls2690">2,470</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4367" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38315 pa t2 l3 wtro4 xx1309 tro6 xx1310"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38316 l3 ls135">Interest </span><span class="pp-class-166 pa t38316 l8671 ls1683">expenses </span><span class="pp-class-166 pa t38316 l38303">include </span><span class="pp-class-166 pa t38316 l19549 ls135">interest </span><span class="pp-class-166 pa t38316 l26937">on </span><span class="pp-class-166 pa t38316 l8636">financial </span><span class="pp-class-166 pa t38316 l14575">liabilities </span><span class="pp-class-166 pa t38316 l36197 ls1528">measured </span><span class="pp-class-166 pa t38316 l38317">at </span><span class="pp-class-166 pa t38316 l33915 ls2179">amortised </span><span class="pp-class-166 pa t38318 l3 ls3490">cost </span><span class="pp-class-166 pa t38318 l10527">of </span><span class="pp-class-166 pa t38318 l38319">DKK </span><span class="pp-class-166 pa t38318 l28850">3,621 </span><span class="pp-class-166 pa t38318 l36948">million </span><span class="pp-class-166 pa t38318 l32586">(2024: </span><span class="pp-class-166 pa t38318 l38320">DKK </span><span class="pp-class-166 pa t38318 l9937">1,926 </span><span class="pp-class-166 pa t38318 l38321">million).</span></p></div></div><div class="pp-class-4" id="pp-id-4363" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h23992 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls394">Financial </span><span class="pp-class-166 pa t3330 l563 ls740">income </span><span class="pp-class-166 pa t3330 l5923">and </span><span class="pp-class-166 pa t3330 l5553 ls1683">expenses </span><span class="pp-class-166 pa t3330 l32161">include </span><span class="pp-class-166 pa t3330 l38266 ls923">interest, </span><span class="pp-class-166 pa t3330 l22441 ls497">share </span><span class="pp-class-166 pa t3330 l23150">of </span><span class="pp-class-166 pa t3330 l32798 ls1595">associates’ </span><span class="pp-class-166 pa t3330 l38267 ls234">net </span><span class="pp-class-166 pa t3330 l38268 ls1839">result, </span><span class="pp-class-166 pa t3338 l3 ls228">foreign </span><span class="pp-class-166 pa t3338 l32577 ls851">exchange </span><span class="pp-class-166 pa t3338 l38269">gains </span><span class="pp-class-166 pa t3338 l38270">and </span><span class="pp-class-166 pa t3338 l38271 ls455">losses, </span><span class="pp-class-166 pa t3338 l6931">bank </span><span class="pp-class-166 pa t3338 l26970 ls856">charges </span><span class="pp-class-166 pa t3338 l20463">as </span><span class="pp-class-166 pa t3338 l34139 ls1122">well </span><span class="pp-class-166 pa t3338 l38272">as </span><span class="pp-class-166 pa t3338 l22042 ls492">amortisation </span><span class="pp-class-166 pa t3338 l38273">of </span><span class="pp-class-166 pa t3348 l3">financial </span><span class="pp-class-166 pa t3348 l8394 ls4053">assets </span><span class="pp-class-166 pa t3348 l38274">and </span><span class="pp-class-166 pa t3348 l31426">liabilities, </span><span class="pp-class-166 pa t3348 l38275">including </span><span class="pp-class-166 pa t3348 l36917 ls101">lease </span><span class="pp-class-166 pa t3348 l13264">liabilities. </span><span class="pp-class-166 pa t3348 l38276 ls1761">Furthermore, </span><span class="pp-class-166 pa t3348 l38277 ls1528">realised </span><span class="pp-class-166 pa t3360 l3">and </span><span class="pp-class-166 pa t3360 l1192 ls2476">unrealised </span><span class="pp-class-166 pa t3360 l38278">gains </span><span class="pp-class-166 pa t3360 l795">and </span><span class="pp-class-166 pa t3360 l5704 ls239">losses </span><span class="pp-class-166 pa t3360 l19406">on </span><span class="pp-class-166 pa t3360 l4189 ls158">derivative </span><span class="pp-class-166 pa t3360 l32612">financial </span><span class="pp-class-166 pa t3360 l38279 ls239">instruments </span><span class="pp-class-166 pa t3360 l38280">that </span><span class="pp-class-166 pa t3360 l38281 ls2540">cannot </span><span class="pp-class-166 pa t3373 l3">be </span><span class="pp-class-166 pa t3373 l3695 ls205">classified </span><span class="pp-class-166 pa t3373 l38282">as </span><span class="pp-class-166 pa t3373 l6966">hedging </span><span class="pp-class-166 pa t3373 l19335 ls1849">contracts </span><span class="pp-class-166 pa t3373 l38283 ls228">are </span><span class="pp-class-166 pa t3373 l38284">included.</span></p></div></div> <div class="pp-class-4" id="pp-id-4370" xmlns="http://www.w3.org/1999/xhtml"><div class="w38403 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.1 </span><span class="pp-class-169 pa t254 l37093 ls3165">Impairment </span><span class="pp-class-169 pa t254 l38404 ls38265">test</span></p></div></div><div class="pp-class-4" id="pp-id-4371" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38405 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38406 l3 ls1180">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38407 l3">The </span><span class="pp-class-166 pa t38407 l1525 ls205">carrying </span><span class="pp-class-166 pa t38407 l38408">amount </span><span class="pp-class-166 pa t38407 l5440">of </span><span class="pp-class-166 pa t38407 l38409">goodwill </span><span class="pp-class-166 pa t38407 l38410">is </span><span class="pp-class-166 pa t38407 l38411 ls2870">tested </span><span class="pp-class-166 pa t38407 l38412 ls228">for </span><span class="pp-class-166 pa t38407 l3767">impairment </span><span class="pp-class-166 pa t38407 l8668">at </span><span class="pp-class-166 pa t38407 l5446 ls1575">least </span><span class="pp-class-166 pa t38407 l38413">annually </span><span class="pp-class-166 pa t38414 l3 ls59">together </span><span class="pp-class-166 pa t38414 l38415">with </span><span class="pp-class-166 pa t38414 l38416 ls75">other </span><span class="pp-class-166 pa t38414 l30294 ls946">non-current </span><span class="pp-class-166 pa t38414 l38417 ls4053">assets </span><span class="pp-class-166 pa t38414 l10361">of </span><span class="pp-class-166 pa t38414 l11498">the </span><span class="pp-class-166 pa t38414 l38418 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38419 l3">The </span><span class="pp-class-166 pa t38419 l1525 ls977">cash-generating </span><span class="pp-class-166 pa t38419 l5440">units </span><span class="pp-class-166 pa t38419 l9396 ls856">thereby </span><span class="pp-class-166 pa t38419 l20609 ls564">follow </span><span class="pp-class-166 pa t38419 l17248">our </span><span class="pp-class-166 pa t38419 l38420">divisional </span><span class="pp-class-166 pa t38419 l38421 ls70">structure: </span><span class="pp-class-166 pa t38419 l1899">Air </span><span class="pp-class-166 pa t38419 l6229">&amp; </span><span class="pp-class-166 pa t38419 l38422 ls48">Sea, </span><span class="pp-class-166 pa t38423 l3 ls1122">Road </span><span class="pp-class-166 pa t38423 l616">and </span><span class="pp-class-166 pa t38423 l38424 ls461">Contract </span><span class="pp-class-166 pa t38423 l38425 ls101">Logistics.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38426 l3">The </span><span class="pp-class-166 pa t38426 l1525 ls4372">recoverable </span><span class="pp-class-166 pa t38426 l10509">amount </span><span class="pp-class-166 pa t38426 l16162">is </span><span class="pp-class-166 pa t38426 l19324 ls2022">determined </span><span class="pp-class-166 pa t38426 l38427">as </span><span class="pp-class-166 pa t38426 l38428">the </span><span class="pp-class-166 pa t38426 l38429 ls856">present </span><span class="pp-class-166 pa t38426 l38430 ls101">value </span><span class="pp-class-166 pa t38426 l16328">of </span><span class="pp-class-166 pa t38426 l38431">the </span><span class="pp-class-166 pa t38426 l11472 ls946">discounted </span><span class="pp-class-166 pa t38432 l3 ls564">future </span><span class="pp-class-166 pa t38432 l9041 ls234">net </span><span class="pp-class-166 pa t38432 l11997 ls923">cash </span><span class="pp-class-166 pa t38432 l12058">flow </span><span class="pp-class-166 pa t38432 l38433 ls267">from </span><span class="pp-class-166 pa t38432 l38434">the </span><span class="pp-class-166 pa t38432 l32440 ls977">cash-generating </span><span class="pp-class-166 pa t38432 l38435">unit </span><span class="pp-class-166 pa t38432 l5936 ls135">to </span><span class="pp-class-166 pa t38432 l38436">which </span><span class="pp-class-166 pa t38432 l19972">the </span><span class="pp-class-166 pa t38432 l38437">goodwill </span><span class="pp-class-166 pa t38438 l3 ls265">relates. </span><span class="pp-class-166 pa t38438 l34443">In </span><span class="pp-class-166 pa t38438 l38439 ls226">calculating </span><span class="pp-class-166 pa t38438 l32784">the </span><span class="pp-class-166 pa t38438 l33542 ls856">present </span><span class="pp-class-166 pa t38438 l22288 ls239">value, </span><span class="pp-class-166 pa t38438 l36268 ls234">discount </span><span class="pp-class-166 pa t38438 l38440 ls54">rates </span><span class="pp-class-166 pa t38438 l38441 ls228">are </span><span class="pp-class-166 pa t38438 l18742">applied </span><span class="pp-class-166 pa t38438 l20650 ls556">reflecting </span><span class="pp-class-166 pa t38442 l3">the </span><span class="pp-class-166 pa t38442 l1913 ls851">risk-free </span><span class="pp-class-166 pa t38442 l16279 ls135">interest </span><span class="pp-class-166 pa t38442 l38443 ls5905">rate </span><span class="pp-class-166 pa t38442 l37116">with </span><span class="pp-class-166 pa t38442 l38444">the </span><span class="pp-class-166 pa t38442 l38445">addition </span><span class="pp-class-166 pa t38442 l38446">of </span><span class="pp-class-166 pa t38442 l5826">the </span><span class="pp-class-166 pa t38442 l38447 ls495">market </span><span class="pp-class-166 pa t38442 l10815">risk </span><span class="pp-class-166 pa t38442 l38448 ls856">premium </span><span class="pp-class-166 pa t38449 l3 ls66">relating </span><span class="pp-class-166 pa t38449 l1943 ls135">to </span><span class="pp-class-166 pa t38449 l1759">the </span><span class="pp-class-166 pa t38449 l38450">individual </span><span class="pp-class-166 pa t38449 l38451 ls977">cash-generating </span><span class="pp-class-166 pa t38449 l32922">units, </span><span class="pp-class-166 pa t38449 l38452">such </span><span class="pp-class-166 pa t38449 l38453">as </span><span class="pp-class-166 pa t38449 l38454 ls2022">geographical </span><span class="pp-class-166 pa t38449 l38455">and </span><span class="pp-class-166 pa t38456 l3">financial </span><span class="pp-class-166 pa t38456 l8394 ls1502">exposure.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38457 l3 ls1462">Other </span><span class="pp-class-170 pa t38457 l38458 ls10408">non-current </span><span class="pp-class-170 pa t38457 l38459 ls26738">intangible </span><span class="pp-class-170 pa t38457 l38460 ls10402">assets </span><span class="pp-class-170 pa t38457 l38461 ls2257">and </span><span class="pp-class-170 pa t38457 l38462 ls10735">property, </span><span class="pp-class-170 pa t38457 l38463 ls1462">plant </span><span class="pp-class-170 pa t38457 l38464 ls2257">and </span><span class="pp-class-170 pa t38457 l38465 ls28862">equipment</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38466 l3">The </span><span class="pp-class-166 pa t38466 l1525 ls205">carrying </span><span class="pp-class-166 pa t38466 l38408">amount </span><span class="pp-class-166 pa t38466 l5440">of </span><span class="pp-class-166 pa t38466 l38409 ls75">other </span><span class="pp-class-166 pa t38466 l29490 ls946">non-current </span><span class="pp-class-166 pa t38466 l38467 ls4053">assets </span><span class="pp-class-166 pa t38466 l9891">is </span><span class="pp-class-166 pa t38466 l38468 ls2870">tested </span><span class="pp-class-166 pa t38466 l34184 ls228">for </span><span class="pp-class-166 pa t38466 l2368">impairment </span><span class="pp-class-166 pa t38466 l38469">at </span><span class="pp-class-166 pa t38470 l3 ls1575">least </span><span class="pp-class-166 pa t38470 l3638 ls1122">once </span><span class="pp-class-166 pa t38470 l13585">a </span><span class="pp-class-166 pa t38470 l7227 ls48">year </span><span class="pp-class-166 pa t38470 l38151">in </span><span class="pp-class-166 pa t38470 l38471 ls1435">connection </span><span class="pp-class-166 pa t38470 l38472">with </span><span class="pp-class-166 pa t38470 l19376">the </span><span class="pp-class-166 pa t38470 l23852">impairment </span><span class="pp-class-166 pa t38470 l26450 ls3490">test </span><span class="pp-class-166 pa t38470 l38473">of </span><span class="pp-class-166 pa t38470 l38474">goodwill. </span><span class="pp-class-166 pa t38470 l38475">If </span><span class="pp-class-166 pa t38470 l38476">the </span><span class="pp-class-166 pa t38477 l3 ls1129">tests </span><span class="pp-class-166 pa t38477 l14742">show </span><span class="pp-class-166 pa t38477 l20697 ls234">evidence </span><span class="pp-class-166 pa t38477 l21658">of </span><span class="pp-class-166 pa t38477 l38478 ls8280">impairment, </span><span class="pp-class-166 pa t38477 l38479">the </span><span class="pp-class-166 pa t38477 l38480 ls1428">asset </span><span class="pp-class-166 pa t38477 l38481">is </span><span class="pp-class-166 pa t38477 l38482 ls187">written </span><span class="pp-class-166 pa t38477 l32798">down </span><span class="pp-class-166 pa t38477 l38483 ls135">to </span><span class="pp-class-166 pa t38477 l38484">the </span><span class="pp-class-166 pa t38477 l38485 ls2688">recovera-</span><span class="pp-class-166 pa t38486 l3">ble </span><span class="pp-class-166 pa t38486 l19474">amount </span><span class="pp-class-166 pa t38486 l38487 ls856">through </span><span class="pp-class-166 pa t38486 l38488 ls564">profit </span><span class="pp-class-166 pa t38486 l38489">or </span><span class="pp-class-166 pa t38486 l38490 ls101">loss. </span><span class="pp-class-166 pa t38486 l32295">The </span><span class="pp-class-166 pa t38486 l26577 ls4372">recoverable </span><span class="pp-class-166 pa t38486 l38491">amount </span><span class="pp-class-166 pa t38486 l38492">is </span><span class="pp-class-166 pa t38486 l38493">the </span><span class="pp-class-166 pa t38486 l38494">higher </span><span class="pp-class-166 pa t38486 l38495">of </span><span class="pp-class-166 pa t38496 l3">the </span><span class="pp-class-166 pa t38496 l1913 ls2307">fair </span><span class="pp-class-166 pa t38496 l5006 ls101">value </span><span class="pp-class-166 pa t38496 l7588">of </span><span class="pp-class-166 pa t38496 l36635">the </span><span class="pp-class-166 pa t38496 l12099 ls1428">asset </span><span class="pp-class-166 pa t38496 l38497 ls48">less </span><span class="pp-class-166 pa t38496 l38498">the </span><span class="pp-class-166 pa t38496 l38499 ls70">expected </span><span class="pp-class-166 pa t38496 l38500 ls1129">costs </span><span class="pp-class-166 pa t38496 l38501 ls135">to </span><span class="pp-class-166 pa t38496 l38502">sell </span><span class="pp-class-166 pa t38496 l38503">and </span><span class="pp-class-166 pa t38496 l14434">its </span><span class="pp-class-166 pa t38496 l38504 ls101">value </span><span class="pp-class-166 pa t38496 l38505">in </span><span class="pp-class-166 pa t38496 l38506">use.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38507 l3">The </span><span class="pp-class-166 pa t38507 l1525 ls101">value </span><span class="pp-class-166 pa t38507 l34625">in </span><span class="pp-class-166 pa t38507 l34353">use </span><span class="pp-class-166 pa t38507 l38508">is </span><span class="pp-class-166 pa t38507 l38509 ls2022">calculated </span><span class="pp-class-166 pa t38507 l38510">as </span><span class="pp-class-166 pa t38507 l38511">the </span><span class="pp-class-166 pa t38507 l37708 ls856">present </span><span class="pp-class-166 pa t38507 l38512 ls101">value </span><span class="pp-class-166 pa t38507 l38513">of </span><span class="pp-class-166 pa t38507 l38514 ls70">expected </span><span class="pp-class-166 pa t38507 l38515 ls564">future </span><span class="pp-class-166 pa t38507 l38516 ls923">cash </span><span class="pp-class-166 pa t38517 l3">flows </span><span class="pp-class-166 pa t38517 l36968 ls267">from </span><span class="pp-class-166 pa t38517 l4180">the </span><span class="pp-class-166 pa t38517 l34497 ls1428">asset </span><span class="pp-class-166 pa t38517 l38518">or </span><span class="pp-class-166 pa t38517 l38519">the </span><span class="pp-class-166 pa t38517 l38520">division </span><span class="pp-class-166 pa t38517 l5545">of </span><span class="pp-class-166 pa t38517 l38521">which </span><span class="pp-class-166 pa t38517 l38522">the </span><span class="pp-class-166 pa t38517 l38523 ls1428">asset </span><span class="pp-class-166 pa t38517 l38524 ls497">forms </span><span class="pp-class-166 pa t38517 l10986 ls38525">part.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38526 l3 ls4852">Management </span><span class="pp-class-170 pa t38526 l36376 ls4852">judgements </span><span class="pp-class-170 pa t38526 l36377 ls2257">and </span><span class="pp-class-170 pa t38526 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38527 l3 ls1740">For </span><span class="pp-class-166 pa t38527 l3855">goodwill </span><span class="pp-class-166 pa t38527 l38528">impairment </span><span class="pp-class-166 pa t38527 l18773 ls552">testing, </span><span class="pp-class-166 pa t38527 l38529">a </span><span class="pp-class-166 pa t38527 l38530">number </span><span class="pp-class-166 pa t38527 l24727">of </span><span class="pp-class-166 pa t38527 l38531 ls1217">estimates </span><span class="pp-class-166 pa t38527 l30637 ls228">are </span><span class="pp-class-166 pa t38527 l38532">made </span><span class="pp-class-166 pa t38527 l38533">on </span><span class="pp-class-166 pa t38527 l29074">the </span><span class="pp-class-166 pa t38527 l38534">de-</span><span class="pp-class-166 pa t38535 l3 ls394">velopment </span><span class="pp-class-166 pa t38535 l19431">in </span><span class="pp-class-166 pa t38535 l38536 ls107">revenues, </span><span class="pp-class-166 pa t38535 l6863 ls1346">gross </span><span class="pp-class-166 pa t38535 l38537 ls66">profits, </span><span class="pp-class-166 pa t38535 l38538 ls977">conversion </span><span class="pp-class-166 pa t38535 l38539 ls59">ratios, </span><span class="pp-class-166 pa t38535 l15157 ls564">future </span><span class="pp-class-166 pa t38535 l38540 ls853">capital </span><span class="pp-class-166 pa t38535 l38541 ls1849">expendi-</span><span class="pp-class-166 pa t38542 l3 ls564">tures, </span><span class="pp-class-166 pa t38542 l21866 ls234">discount </span><span class="pp-class-166 pa t38542 l38543 ls54">rates </span><span class="pp-class-166 pa t38542 l38544">and </span><span class="pp-class-166 pa t38542 l38545 ls234">growth </span><span class="pp-class-166 pa t38542 l38546 ls239">expectations </span><span class="pp-class-166 pa t38542 l38547">in </span><span class="pp-class-166 pa t38542 l38548">the </span><span class="pp-class-166 pa t38542 l38549 ls234">terminal </span><span class="pp-class-166 pa t38542 l30302">period. </span><span class="pp-class-166 pa t38542 l38550">These </span><span class="pp-class-166 pa t38551 l3 ls228">are </span><span class="pp-class-166 pa t38551 l2357">based </span><span class="pp-class-166 pa t38551 l27146">on </span><span class="pp-class-166 pa t38551 l11341">an </span><span class="pp-class-166 pa t38551 l3340 ls158">assessment </span><span class="pp-class-166 pa t38551 l8675">of </span><span class="pp-class-166 pa t38551 l8858 ls702">current </span><span class="pp-class-166 pa t38551 l30541">and </span><span class="pp-class-166 pa t38551 l38552 ls564">future </span><span class="pp-class-166 pa t38551 l38553 ls205">developments </span><span class="pp-class-166 pa t38551 l31725">in </span><span class="pp-class-166 pa t38551 l38554">the </span><span class="pp-class-166 pa t38551 l38281 ls497">three </span><span class="pp-class-166 pa t38555 l3 ls977">cash-generating </span><span class="pp-class-166 pa t38555 l4946">units </span><span class="pp-class-166 pa t38555 l2203">and </span><span class="pp-class-166 pa t38555 l14354">on </span><span class="pp-class-166 pa t38555 l12897 ls164">historical </span><span class="pp-class-166 pa t38555 l38556 ls853">data </span><span class="pp-class-166 pa t38555 l38557">and </span><span class="pp-class-166 pa t38555 l38558 ls205">assumptions </span><span class="pp-class-166 pa t38555 l38559">of </span><span class="pp-class-166 pa t38555 l38560 ls564">future </span><span class="pp-class-166 pa t38555 l38561 ls492">expect-</span><span class="pp-class-166 pa t38562 l3">ed </span><span class="pp-class-166 pa t38562 l1869 ls495">market </span><span class="pp-class-166 pa t38562 l15587 ls1900">developments, </span><span class="pp-class-166 pa t38562 l6954">including </span><span class="pp-class-166 pa t38562 l5996 ls70">expected </span><span class="pp-class-166 pa t38562 l30089 ls1428">long-term </span><span class="pp-class-166 pa t38562 l38563 ls946">average </span><span class="pp-class-166 pa t38562 l38564 ls495">market </span><span class="pp-class-166 pa t38565 l3 ls234">growth </span><span class="pp-class-166 pa t38565 l3031 ls2870">rates. </span><span class="pp-class-166 pa t38565 l7580 ls853">Data </span><span class="pp-class-166 pa t38565 l38566">includes </span><span class="pp-class-166 pa t38565 l38567 ls189">both </span><span class="pp-class-166 pa t38565 l38568 ls234">internal </span><span class="pp-class-166 pa t38565 l14502">and </span><span class="pp-class-166 pa t38565 l38569 ls59">external </span><span class="pp-class-166 pa t38565 l38570 ls853">data </span><span class="pp-class-166 pa t38565 l38571 ls1766">sources.</span></p></div></div><div class="pp-class-4" id="pp-id-4372" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38572 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38573 l3 ls1217">Material </span><span class="pp-class-166 pa t38573 l21073 ls101">value </span><span class="pp-class-166 pa t38573 l38574 ls455">drivers </span><span class="pp-class-166 pa t38573 l38575 ls2221">affecting </span><span class="pp-class-166 pa t38573 l38576">the </span><span class="pp-class-166 pa t38573 l10305 ls564">future </span><span class="pp-class-166 pa t38573 l38577 ls234">net </span><span class="pp-class-166 pa t38573 l38578 ls923">cash </span><span class="pp-class-166 pa t38573 l38579">flows </span><span class="pp-class-166 pa t38573 l3068">of </span><span class="pp-class-166 pa t38573 l38580">the </span><span class="pp-class-166 pa t38573 l38581 ls497">three </span><span class="pp-class-166 pa t38573 l38582 ls38583">cash-</span><span class="pp-class-166 pa t38584 l3 ls154">generating </span><span class="pp-class-166 pa t38584 l34585">units </span><span class="pp-class-166 pa t38584 l2584 ls228">are:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38585 l3">Air </span><span class="pp-class-172 pa t38585 l26105">&amp; </span><span class="pp-class-172 pa t38585 l37139 ls1683">Sea</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38586 l3">The </span><span class="pp-class-166 pa t38586 l1525">Air </span><span class="pp-class-166 pa t38586 l3512">&amp; </span><span class="pp-class-166 pa t38586 l2125 ls1026">Sea </span><span class="pp-class-166 pa t38586 l3513">division </span><span class="pp-class-166 pa t38586 l3514 ls3962">operates </span><span class="pp-class-166 pa t38586 l5432 ls1428">globally, </span><span class="pp-class-166 pa t38586 l3674">so </span><span class="pp-class-166 pa t38586 l5222 ls205">developments </span><span class="pp-class-166 pa t38586 l38587">in </span><span class="pp-class-166 pa t38586 l19808">the </span><span class="pp-class-166 pa t38586 l38588">global </span><span class="pp-class-166 pa t38586 l28630 ls189">econo-</span><span class="pp-class-166 pa t38589 l3">my </span><span class="pp-class-166 pa t38589 l9068">and </span><span class="pp-class-166 pa t38589 l38590 ls556">world </span><span class="pp-class-166 pa t38589 l10673 ls1129">trade </span><span class="pp-class-166 pa t38589 l38591 ls96">therefore </span><span class="pp-class-166 pa t38589 l38592 ls48">have </span><span class="pp-class-166 pa t38589 l38593">a </span><span class="pp-class-166 pa t38589 l38594 ls234">material </span><span class="pp-class-166 pa t38589 l38595 ls1636">impact </span><span class="pp-class-166 pa t38589 l38596">on </span><span class="pp-class-166 pa t38589 l9378">the </span><span class="pp-class-166 pa t38589 l11065 ls2708">division’s </span><span class="pp-class-166 pa t38589 l37313 ls564">future </span><span class="pp-class-166 pa t38597 l3 ls234">net </span><span class="pp-class-166 pa t38597 l2647 ls923">cash </span><span class="pp-class-166 pa t38597 l38598 ls189">flow. </span><span class="pp-class-166 pa t38597 l26349 ls205">Developments </span><span class="pp-class-166 pa t38597 l30268">in </span><span class="pp-class-166 pa t38597 l27900 ls1346">gross </span><span class="pp-class-166 pa t38597 l38599 ls564">profit </span><span class="pp-class-166 pa t38597 l38600">per </span><span class="pp-class-166 pa t38597 l10927 ls3094">shipment, </span><span class="pp-class-166 pa t38597 l30513 ls3490">cost </span><span class="pp-class-166 pa t38597 l38601 ls205">development </span><span class="pp-class-166 pa t38602 l3">and </span><span class="pp-class-166 pa t38602 l1192">management </span><span class="pp-class-166 pa t38602 l31588 ls205">initiatives </span><span class="pp-class-166 pa t38602 l23954 ls66">relating </span><span class="pp-class-166 pa t38602 l38603 ls135">to </span><span class="pp-class-166 pa t38602 l38604 ls234">internal </span><span class="pp-class-166 pa t38602 l18984 ls1881">productivity </span><span class="pp-class-166 pa t38602 l38605">(number </span><span class="pp-class-166 pa t38602 l38606">of </span><span class="pp-class-166 pa t38607 l3">shipments </span><span class="pp-class-166 pa t38607 l38608">per </span><span class="pp-class-166 pa t38607 l38609">employee) </span><span class="pp-class-166 pa t38607 l38610">also </span><span class="pp-class-166 pa t38607 l33341 ls2221">affect </span><span class="pp-class-166 pa t38607 l38611">the </span><span class="pp-class-166 pa t38607 l19822 ls2708">division’s </span><span class="pp-class-166 pa t38607 l38612 ls923">cash </span><span class="pp-class-166 pa t38607 l38613 ls1122">flow.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38614 l3 ls2307">Road</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38615 l3">The </span><span class="pp-class-166 pa t38615 l1525 ls1122">Road </span><span class="pp-class-166 pa t38615 l9924">division </span><span class="pp-class-166 pa t38615 l9925 ls3962">operates </span><span class="pp-class-166 pa t38615 l38616">a </span><span class="pp-class-166 pa t38615 l38617 ls1418">European </span><span class="pp-class-166 pa t38615 l38618 ls923">network </span><span class="pp-class-166 pa t38615 l38619">and </span><span class="pp-class-166 pa t38615 l38620 ls86">furthermore </span><span class="pp-class-166 pa t38615 l38621">has </span><span class="pp-class-166 pa t38615 l20235 ls154">operations </span><span class="pp-class-166 pa t38622 l3">in </span><span class="pp-class-166 pa t38622 l1746 ls556">Americas, </span><span class="pp-class-166 pa t38622 l38623 ls2050">Asia </span><span class="pp-class-166 pa t38622 l29443 ls1598">Pacific, </span><span class="pp-class-166 pa t38622 l33925">Middle </span><span class="pp-class-166 pa t38622 l38624 ls1122">East </span><span class="pp-class-166 pa t38622 l38625">and </span><span class="pp-class-166 pa t38622 l37769 ls461">Africa, </span><span class="pp-class-166 pa t38622 l38626">which </span><span class="pp-class-166 pa t38622 l38627 ls101">means </span><span class="pp-class-166 pa t38622 l38628">that </span><span class="pp-class-166 pa t38622 l38629">the </span><span class="pp-class-166 pa t38622 l38630 ls2708">division’s </span><span class="pp-class-166 pa t38631 l3 ls1402">future </span><span class="pp-class-166 pa t38631 l37599 ls1416">net </span><span class="pp-class-166 pa t38631 l9044 ls1343">cash </span><span class="pp-class-166 pa t38631 l38632 ls1740">flow </span><span class="pp-class-166 pa t38631 l38633 ls2540">is </span><span class="pp-class-166 pa t38631 l1243 ls1674">affected </span><span class="pp-class-166 pa t38631 l16275 ls2540">by </span><span class="pp-class-166 pa t38631 l38634 ls1528">the </span><span class="pp-class-166 pa t38631 l38635 ls1674">growth </span><span class="pp-class-166 pa t38631 l38636 ls1663">rate </span><span class="pp-class-166 pa t38631 l38637 ls2540">in </span><span class="pp-class-166 pa t38631 l38638 ls2061">these </span><span class="pp-class-166 pa t38631 l38639 ls3181">regions. </span><span class="pp-class-166 pa t38631 l38640 ls4405">Develop-</span><span class="pp-class-166 pa t38641 l3 ls2061">ments </span><span class="pp-class-166 pa t38641 l13166 ls2540">in </span><span class="pp-class-166 pa t38641 l2416 ls2487">gross </span><span class="pp-class-166 pa t38641 l38642 ls1402">profit </span><span class="pp-class-166 pa t38641 l38643 ls1528">per </span><span class="pp-class-166 pa t38641 l5458 ls226">shipment, </span><span class="pp-class-166 pa t38641 l38644 ls614">including </span><span class="pp-class-166 pa t38641 l3400 ls2061">truck </span><span class="pp-class-166 pa t38641 l38645 ls1528">and </span><span class="pp-class-166 pa t38641 l38646 ls2382">terminal </span><span class="pp-class-166 pa t38641 l38647 ls3962">utilisation </span><span class="pp-class-166 pa t38641 l38648 ls10352">rates, </span><span class="pp-class-166 pa t38649 l3 ls3490">cost </span><span class="pp-class-166 pa t38649 l10527 ls205">development </span><span class="pp-class-166 pa t38649 l13654">and </span><span class="pp-class-166 pa t38649 l18082">management </span><span class="pp-class-166 pa t38649 l38650 ls205">initiatives </span><span class="pp-class-166 pa t38649 l20835 ls66">relating </span><span class="pp-class-166 pa t38649 l2146 ls135">to </span><span class="pp-class-166 pa t38649 l38651 ls234">internal </span><span class="pp-class-166 pa t38649 l10174 ls1881">productivity </span><span class="pp-class-166 pa t38652 l3">(number </span><span class="pp-class-166 pa t38652 l37122">of </span><span class="pp-class-166 pa t38652 l38653">shipments </span><span class="pp-class-166 pa t38652 l30691">per </span><span class="pp-class-166 pa t38652 l38654">employee) </span><span class="pp-class-166 pa t38652 l26612">also </span><span class="pp-class-166 pa t38652 l31731 ls2221">affect </span><span class="pp-class-166 pa t38652 l36519">the </span><span class="pp-class-166 pa t38652 l38655 ls2708">division’s </span><span class="pp-class-166 pa t38652 l38656 ls923">cash </span><span class="pp-class-166 pa t38652 l38657 ls1122">flow.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38658 l3 ls1683">Contract </span><span class="pp-class-172 pa t38658 l22046 ls1026">Logistics</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38659 l3">The </span><span class="pp-class-166 pa t38659 l1525 ls461">Contract </span><span class="pp-class-166 pa t38659 l20802 ls101">Logistics </span><span class="pp-class-166 pa t38659 l37175">division </span><span class="pp-class-166 pa t38659 l33543 ls3962">operates </span><span class="pp-class-166 pa t38659 l38660 ls1428">globally, </span><span class="pp-class-166 pa t38659 l38661">so </span><span class="pp-class-166 pa t38659 l30738 ls205">developments </span><span class="pp-class-166 pa t38659 l38662">in </span><span class="pp-class-166 pa t38659 l38663">the </span><span class="pp-class-166 pa t38659 l38664">global </span><span class="pp-class-166 pa t38665 l3 ls187">economy </span><span class="pp-class-166 pa t38665 l5263">and </span><span class="pp-class-166 pa t38665 l2331 ls556">world </span><span class="pp-class-166 pa t38665 l38666 ls1129">trade </span><span class="pp-class-166 pa t38665 l37191 ls96">therefore </span><span class="pp-class-166 pa t38665 l38667 ls48">have </span><span class="pp-class-166 pa t38665 l38668">a </span><span class="pp-class-166 pa t38665 l38669 ls234">material </span><span class="pp-class-166 pa t38665 l38670 ls1636">impact </span><span class="pp-class-166 pa t38665 l38671">on </span><span class="pp-class-166 pa t38665 l38672">the </span><span class="pp-class-166 pa t38665 l38673 ls2708">division’s </span><span class="pp-class-166 pa t38674 l3 ls564">future </span><span class="pp-class-166 pa t38674 l9041 ls234">net </span><span class="pp-class-166 pa t38674 l11997 ls923">cash </span><span class="pp-class-166 pa t38674 l12058 ls189">flow. </span><span class="pp-class-166 pa t38674 l38675 ls205">Developments </span><span class="pp-class-166 pa t38674 l38676">in </span><span class="pp-class-166 pa t38674 l4879 ls3490">warehouse </span><span class="pp-class-166 pa t38674 l38677 ls101">lease </span><span class="pp-class-166 pa t38674 l38678 ls1129">costs </span><span class="pp-class-166 pa t38674 l38679">and </span><span class="pp-class-166 pa t38674 l38680 ls1129">costs </span><span class="pp-class-166 pa t38674 l38681">of </span><span class="pp-class-166 pa t38682 l3 ls1766">related </span><span class="pp-class-166 pa t38682 l10312 ls890">services, </span><span class="pp-class-166 pa t38682 l38683">utilisation </span><span class="pp-class-166 pa t38682 l2833">of </span><span class="pp-class-166 pa t38682 l33926 ls3490">warehouse </span><span class="pp-class-166 pa t38682 l38684 ls154">facilities, </span><span class="pp-class-166 pa t38682 l33913 ls3490">cost </span><span class="pp-class-166 pa t38682 l38685 ls205">development </span><span class="pp-class-166 pa t38682 l13652">and </span><span class="pp-class-166 pa t38686 l3">management </span><span class="pp-class-166 pa t38686 l15496 ls205">initiatives </span><span class="pp-class-166 pa t38686 l9410 ls66">relating </span><span class="pp-class-166 pa t38686 l38687 ls135">to </span><span class="pp-class-166 pa t38686 l2194 ls234">internal </span><span class="pp-class-166 pa t38686 l10589 ls1881">productivity </span><span class="pp-class-166 pa t38686 l38688">(number </span><span class="pp-class-166 pa t38686 l32943">of </span><span class="pp-class-166 pa t38686 l38689 ls497">order </span><span class="pp-class-166 pa t38686 l38690">lines </span><span class="pp-class-166 pa t38691 l3">per </span><span class="pp-class-166 pa t38691 l12793">employee) </span><span class="pp-class-166 pa t38691 l38692">also </span><span class="pp-class-166 pa t38691 l38693 ls2221">affect </span><span class="pp-class-166 pa t38691 l38694">the </span><span class="pp-class-166 pa t38691 l38695 ls2708">division’s </span><span class="pp-class-166 pa t38691 l38696 ls923">cash </span><span class="pp-class-166 pa t38691 l38697">flows.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38698 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t38698 l36435 ls5278">risks</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38699 l3 ls205">Management </span><span class="pp-class-166 pa t38699 l35455">has </span><span class="pp-class-166 pa t38699 l31045 ls226">assessed </span><span class="pp-class-166 pa t38699 l21478">that </span><span class="pp-class-166 pa t38699 l38700">no </span><span class="pp-class-166 pa t38699 l38701 ls2061">climate-related </span><span class="pp-class-166 pa t38699 l33884 ls205">assumptions </span><span class="pp-class-166 pa t38699 l38702 ls228">are </span><span class="pp-class-166 pa t38699 l10679 ls1119">key </span><span class="pp-class-166 pa t38699 l33738">as-</span><span class="pp-class-166 pa t38703 l3">sumptions </span><span class="pp-class-166 pa t38703 l38704 ls228">for </span><span class="pp-class-166 pa t38703 l7029">the </span><span class="pp-class-166 pa t38703 l38705">2025 </span><span class="pp-class-166 pa t38703 l38706">impairment </span><span class="pp-class-166 pa t38703 l15046 ls3490">test </span><span class="pp-class-166 pa t38703 l38707">of </span><span class="pp-class-166 pa t38703 l36794">goodwill. </span><span class="pp-class-166 pa t38703 l10917 ls226">Investments </span><span class="pp-class-166 pa t38703 l38708 ls977">associated </span><span class="pp-class-166 pa t38709 l3">with </span><span class="pp-class-166 pa t38709 l3388">our </span><span class="pp-class-166 pa t38709 l9737 ls187">climate </span><span class="pp-class-166 pa t38709 l38710">change </span><span class="pp-class-166 pa t38709 l38711 ls205">initiatives, </span><span class="pp-class-166 pa t38709 l23194">including </span><span class="pp-class-166 pa t38709 l38712">our </span><span class="pp-class-166 pa t38709 l37349 ls923">commitment </span><span class="pp-class-166 pa t38709 l8631 ls135">to </span><span class="pp-class-166 pa t38709 l36380">achieving </span><span class="pp-class-166 pa t38713 l3 ls2690">net-zero </span><span class="pp-class-166 pa t38713 l5100 ls93">carbon </span><span class="pp-class-166 pa t38713 l9996 ls205">emissions, </span><span class="pp-class-166 pa t38713 l20699 ls228">are </span><span class="pp-class-166 pa t38713 l38714 ls564">considered </span><span class="pp-class-166 pa t38713 l38715">when </span><span class="pp-class-166 pa t38713 l33784 ls180">determining </span><span class="pp-class-166 pa t38713 l38716">the </span><span class="pp-class-166 pa t38713 l5614 ls4372">recoverable </span><span class="pp-class-166 pa t38717 l3">amount </span><span class="pp-class-166 pa t38717 l34655">of </span><span class="pp-class-166 pa t38717 l32564 ls48">each </span><span class="pp-class-166 pa t38717 l6159 ls977">cash-generating </span><span class="pp-class-166 pa t38717 l20797 ls38718">unit.</span></p></div></div><div class="pp-class-4" id="pp-id-4373" xmlns="http://www.w3.org/1999/xhtml"><div class="w38719 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.1 </span><span class="pp-class-169 pa t254 l37093 ls3165">Impairment </span><span class="pp-class-169 pa t254 l38404 ls15759">test </span><span class="pp-class-169 pa t254 l38720 ls1180">— </span><span class="pp-class-169 pa t254 l38721 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4374" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h12933 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t12934 l3 ls4852">Impairment </span><span class="pp-class-170 pa t12934 l38722 ls2401">test </span><span class="pp-class-170 pa t12934 l38723 ls2257">2025</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t12945 l3">Goodwill </span><span class="pp-class-166 pa t12945 l35194 ls1528">was </span><span class="pp-class-166 pa t12945 l38724 ls2870">tested </span><span class="pp-class-166 pa t12945 l38725 ls228">for </span><span class="pp-class-166 pa t12945 l38726">impairment </span><span class="pp-class-166 pa t12945 l38727">at </span><span class="pp-class-166 pa t12945 l38728">31 </span><span class="pp-class-166 pa t12945 l38729 ls234">December </span><span class="pp-class-166 pa t12945 l38730">2025. </span><span class="pp-class-166 pa t12945 l38731">The </span><span class="pp-class-166 pa t12945 l33559 ls1129">tests </span><span class="pp-class-166 pa t12945 l38732">did </span><span class="pp-class-166 pa t12945 l38733 ls1528">not </span><span class="pp-class-166 pa t12954 l3 ls564">result </span><span class="pp-class-166 pa t12954 l38734">in </span><span class="pp-class-166 pa t12954 l30033">any </span><span class="pp-class-166 pa t12954 l38735">impairment </span><span class="pp-class-166 pa t12954 l1127">of </span><span class="pp-class-166 pa t12954 l38736 ls205">carrying </span><span class="pp-class-166 pa t12954 l38737">amounts.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t12970 l3">The </span><span class="pp-class-166 pa t12970 l1525 ls70">expected </span><span class="pp-class-166 pa t12970 l38171 ls564">future </span><span class="pp-class-166 pa t12970 l38738 ls234">net </span><span class="pp-class-166 pa t12970 l38739 ls923">cash </span><span class="pp-class-166 pa t12970 l21980">flow </span><span class="pp-class-166 pa t12970 l38740">is </span><span class="pp-class-166 pa t12970 l37907">based </span><span class="pp-class-166 pa t12970 l38741">on </span><span class="pp-class-166 pa t12970 l38742 ls461">budgets </span><span class="pp-class-166 pa t12970 l2324">and </span><span class="pp-class-166 pa t12970 l38343 ls394">business </span><span class="pp-class-166 pa t12970 l11258">plans </span><span class="pp-class-166 pa t12970 l38743">ap-</span><span class="pp-class-166 pa t12977 l3 ls6924">proved </span><span class="pp-class-166 pa t12977 l30121 ls1866">by </span><span class="pp-class-166 pa t12977 l38744 ls3187">Management </span><span class="pp-class-166 pa t12977 l38409 ls2289">for </span><span class="pp-class-166 pa t12977 l34976 ls1853">the </span><span class="pp-class-166 pa t12977 l38745 ls83">year </span><span class="pp-class-166 pa t12977 l8796 ls2690">2026 </span><span class="pp-class-166 pa t12977 l19891 ls1853">and </span><span class="pp-class-166 pa t12977 l37613 ls6351">projections </span><span class="pp-class-166 pa t12977 l38746 ls2289">for </span><span class="pp-class-166 pa t12977 l31300 ls2282">subsequent </span><span class="pp-class-166 pa t12977 l38747 ls7427">years </span><span class="pp-class-166 pa t34475 l3">up </span><span class="pp-class-166 pa t34475 l2201 ls135">to </span><span class="pp-class-166 pa t34475 l9429">and </span><span class="pp-class-166 pa t34475 l14313">including </span><span class="pp-class-166 pa t34475 l10096">2030. </span><span class="pp-class-166 pa t34475 l709">These </span><span class="pp-class-166 pa t34475 l16930 ls1026">projections </span><span class="pp-class-166 pa t34475 l38748 ls239">assume </span><span class="pp-class-166 pa t34475 l38749">single-digit </span><span class="pp-class-166 pa t34475 l38750 ls234">growth </span><span class="pp-class-166 pa t34475 l19384 ls2870">rates, </span><span class="pp-class-166 pa t12981 l3 ls856">broadly </span><span class="pp-class-166 pa t12981 l34429">in </span><span class="pp-class-166 pa t12981 l6242">line </span><span class="pp-class-166 pa t12981 l4531">with </span><span class="pp-class-166 pa t12981 l33509 ls70">expected </span><span class="pp-class-166 pa t12981 l16040">global </span><span class="pp-class-166 pa t12981 l13833">GDP </span><span class="pp-class-166 pa t12981 l38751">and </span><span class="pp-class-166 pa t12981 l38752 ls495">market </span><span class="pp-class-166 pa t12981 l13828 ls1761">growth. </span><span class="pp-class-166 pa t12981 l10892">The </span><span class="pp-class-166 pa t12981 l38753 ls1026">projections </span><span class="pp-class-166 pa t12990 l3 ls2834">reflect </span><span class="pp-class-166 pa t12990 l5683 ls2247">DSV’s </span><span class="pp-class-166 pa t12990 l11384 ls1174">continued </span><span class="pp-class-166 pa t12990 l28036 ls2247">focus </span><span class="pp-class-166 pa t12990 l38754 ls1866">on </span><span class="pp-class-166 pa t12990 l32436 ls1853">the </span><span class="pp-class-166 pa t12990 l38755 ls2700">integration </span><span class="pp-class-166 pa t12990 l38756 ls1866">of </span><span class="pp-class-166 pa t12990 l7129 ls13599">Schenker, </span><span class="pp-class-166 pa t12990 l12587 ls1866">as </span><span class="pp-class-166 pa t12990 l21756 ls129">well </span><span class="pp-class-166 pa t12990 l38757 ls1866">as </span><span class="pp-class-166 pa t12990 l14401 ls2300">current </span><span class="pp-class-166 pa t12999 l3 ls495">market </span><span class="pp-class-166 pa t12999 l1603 ls1575">uncertainties </span><span class="pp-class-166 pa t12999 l38758 ls1766">related </span><span class="pp-class-166 pa t12999 l38759 ls135">to </span><span class="pp-class-166 pa t12999 l38760 ls1129">trade </span><span class="pp-class-166 pa t12999 l2091 ls70">tariffs, </span><span class="pp-class-166 pa t12999 l2579">the </span><span class="pp-class-166 pa t12999 l38761 ls48">geopolitical </span><span class="pp-class-166 pa t12999 l25915 ls556">landscape </span><span class="pp-class-166 pa t12999 l38762">and </span><span class="pp-class-166 pa t13005 l3 ls1824">macroeconomic </span><span class="pp-class-166 pa t13005 l38763 ls2313">factors, </span><span class="pp-class-166 pa t13005 l38764 ls2688">which </span><span class="pp-class-166 pa t13005 l38765 ls2289">are </span><span class="pp-class-166 pa t13005 l10451 ls7509">expected </span><span class="pp-class-166 pa t13005 l38766 ls2302">to </span><span class="pp-class-166 pa t13005 l37284 ls1430">persist. </span><span class="pp-class-166 pa t13005 l38767 ls1853">The </span><span class="pp-class-166 pa t13005 l38768 ls6991">projected </span><span class="pp-class-166 pa t13005 l38769 ls2980">cash </span><span class="pp-class-166 pa t13005 l38770 ls1866">flows </span><span class="pp-class-166 pa t13015 l3 ls492">beyond </span><span class="pp-class-166 pa t13015 l38771">2030 </span><span class="pp-class-166 pa t13015 l9934 ls228">are </span><span class="pp-class-166 pa t13015 l38772 ls1528">extrapolated </span><span class="pp-class-166 pa t13015 l3867">using </span><span class="pp-class-166 pa t13015 l11902">a </span><span class="pp-class-166 pa t13015 l38773 ls234">terminal </span><span class="pp-class-166 pa t13015 l4917 ls234">growth </span><span class="pp-class-166 pa t13015 l38774 ls5905">rate </span><span class="pp-class-166 pa t13015 l38775">of </span><span class="pp-class-166 pa t13015 l10816">2.5%, </span><span class="pp-class-166 pa t13015 l38776">which </span><span class="pp-class-166 pa t13026 l3 ls1186">remain </span><span class="pp-class-166 pa t13026 l12755 ls1866">in </span><span class="pp-class-166 pa t13026 l6839 ls2690">line </span><span class="pp-class-166 pa t13026 l38777 ls2690">with </span><span class="pp-class-166 pa t13026 l38778 ls1853">the </span><span class="pp-class-166 pa t13026 l23995 ls7509">expected </span><span class="pp-class-166 pa t13026 l38779 ls2487">long-term </span><span class="pp-class-166 pa t13026 l21473 ls1855">average </span><span class="pp-class-166 pa t13026 l38780 ls2380">growth </span><span class="pp-class-166 pa t13026 l38781 ls8712">rate </span><span class="pp-class-166 pa t13026 l38782 ls1866">of </span><span class="pp-class-166 pa t13026 l38783 ls1853">the </span><span class="pp-class-166 pa t13026 l15206 ls2693">industry.</span></p></div></div><div class="pp-class-4" id="pp-id-4375" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38784 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38785 l3">The </span><span class="pp-class-166 pa t38785 l1525 ls93">budget </span><span class="pp-class-166 pa t38785 l38786 ls228">for </span><span class="pp-class-166 pa t38785 l31464">2026 </span><span class="pp-class-166 pa t38785 l3534 ls455">assumes </span><span class="pp-class-166 pa t38785 l38787 ls234">growth </span><span class="pp-class-166 pa t38785 l38728">in </span><span class="pp-class-166 pa t38785 l12457">air </span><span class="pp-class-166 pa t38785 l38788">and </span><span class="pp-class-166 pa t38785 l34046 ls1026">sea </span><span class="pp-class-166 pa t38785 l38789 ls455">volumes </span><span class="pp-class-166 pa t38785 l38790">of </span><span class="pp-class-166 pa t38785 l38791 ls564">around </span><span class="pp-class-166 pa t38785 l38792">2-3%, </span><span class="pp-class-166 pa t38793 l3">in </span><span class="pp-class-166 pa t38793 l1746">line </span><span class="pp-class-166 pa t38793 l38794">with </span><span class="pp-class-166 pa t38793 l34585">or </span><span class="pp-class-166 pa t38793 l16508">slightly </span><span class="pp-class-166 pa t38793 l38795 ls189">lower </span><span class="pp-class-166 pa t38793 l38796">than </span><span class="pp-class-166 pa t38793 l1557">global </span><span class="pp-class-166 pa t38793 l38797">GDP </span><span class="pp-class-166 pa t38793 l38798 ls495">forecast. </span><span class="pp-class-166 pa t38793 l9025 ls1740">For </span><span class="pp-class-166 pa t38793 l38799">the </span><span class="pp-class-166 pa t38793 l19546 ls267">road </span><span class="pp-class-166 pa t38793 l5529 ls78">market, </span><span class="pp-class-166 pa t38800 l3">the </span><span class="pp-class-166 pa t38800 l1913 ls93">budget </span><span class="pp-class-166 pa t38800 l38801 ls455">assumes </span><span class="pp-class-166 pa t38800 l38802">flat </span><span class="pp-class-166 pa t38800 l31620 ls135">to </span><span class="pp-class-166 pa t38800 l38803">low-single </span><span class="pp-class-166 pa t38800 l19495">digit </span><span class="pp-class-166 pa t38800 l7419 ls239">volume </span><span class="pp-class-166 pa t38800 l20296 ls1761">growth, </span><span class="pp-class-166 pa t38800 l1811">while </span><span class="pp-class-166 pa t38800 l38804">the </span><span class="pp-class-166 pa t38800 l38541 ls704">contract </span><span class="pp-class-166 pa t38805 l3 ls1452">logistics </span><span class="pp-class-166 pa t38805 l3079 ls495">market </span><span class="pp-class-166 pa t38805 l32514">is </span><span class="pp-class-166 pa t38805 l33054 ls70">expected </span><span class="pp-class-166 pa t38805 l38806 ls135">to </span><span class="pp-class-166 pa t38805 l557 ls455">achieve </span><span class="pp-class-166 pa t38805 l14892">low- </span><span class="pp-class-166 pa t38805 l26076 ls135">to </span><span class="pp-class-166 pa t38805 l30301">mid-single </span><span class="pp-class-166 pa t38805 l22042">digit </span><span class="pp-class-166 pa t38805 l38807 ls234">growth </span><span class="pp-class-166 pa t38805 l38808 ls54">rate. </span><span class="pp-class-166 pa t38809 l3">The </span><span class="pp-class-166 pa t38809 l1525 ls93">budget </span><span class="pp-class-166 pa t38809 l38786 ls228">for </span><span class="pp-class-166 pa t38809 l31464">2026 </span><span class="pp-class-166 pa t38809 l3534 ls455">assumes </span><span class="pp-class-166 pa t38809 l38787">that </span><span class="pp-class-166 pa t38809 l38810">the </span><span class="pp-class-166 pa t38809 l12391 ls1849">currency </span><span class="pp-class-166 pa t38809 l32047 ls851">exchange </span><span class="pp-class-166 pa t38809 l38811 ls2870">rates, </span><span class="pp-class-166 pa t38809 l38812">especially </span><span class="pp-class-166 pa t38813 l3">the </span><span class="pp-class-166 pa t38813 l1913">US </span><span class="pp-class-166 pa t38813 l38814">dollar </span><span class="pp-class-166 pa t38813 l21896 ls48">against </span><span class="pp-class-166 pa t38813 l7589 ls2628">DKK, </span><span class="pp-class-166 pa t38813 l38815">will </span><span class="pp-class-166 pa t38813 l38816 ls564">remain </span><span class="pp-class-166 pa t38813 l38599">at </span><span class="pp-class-166 pa t38813 l1226">the </span><span class="pp-class-166 pa t38813 l28800 ls702">current </span><span class="pp-class-166 pa t38813 l26450 ls239">level. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38817 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t38817 l38818 ls951">analysis</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38819 l3">The </span><span class="pp-class-166 pa t38819 l1525 ls3185">sensitivity </span><span class="pp-class-166 pa t38819 l38820 ls2179">analysis </span><span class="pp-class-166 pa t38819 l38821 ls226">assesses </span><span class="pp-class-166 pa t38819 l38822">the </span><span class="pp-class-166 pa t38819 l38823 ls1636">impact </span><span class="pp-class-166 pa t38819 l38824">of </span><span class="pp-class-166 pa t38819 l38825">changes </span><span class="pp-class-166 pa t38819 l38826">in </span><span class="pp-class-166 pa t38819 l38827 ls923">cash </span><span class="pp-class-166 pa t38819 l38828">flows </span><span class="pp-class-166 pa t38819 l38829">and </span><span class="pp-class-166 pa t38830 l3 ls234">discount </span><span class="pp-class-166 pa t38830 l38831 ls54">rates </span><span class="pp-class-166 pa t38830 l38832">on </span><span class="pp-class-166 pa t38830 l38833">the </span><span class="pp-class-166 pa t38830 l12477">impairment </span><span class="pp-class-166 pa t38830 l38834 ls3490">test </span><span class="pp-class-166 pa t38830 l38835 ls66">results. </span><span class="pp-class-166 pa t38830 l10453">The </span><span class="pp-class-166 pa t38830 l34357 ls3686">analysis </span><span class="pp-class-166 pa t38830 l38836 ls1428">concluded </span><span class="pp-class-166 pa t38830 l38837">that </span><span class="pp-class-166 pa t38838 l3 ls48">even </span><span class="pp-class-166 pa t38838 l38839 ls394">negative </span><span class="pp-class-166 pa t38838 l38840">changes </span><span class="pp-class-166 pa t38838 l4076">which </span><span class="pp-class-166 pa t38838 l34013 ls228">are </span><span class="pp-class-166 pa t38838 l27816 ls234">unlikely </span><span class="pp-class-166 pa t38838 l1227 ls135">to </span><span class="pp-class-166 pa t38838 l30257 ls189">occur </span><span class="pp-class-166 pa t38838 l1898">will </span><span class="pp-class-166 pa t38838 l5740 ls1528">not </span><span class="pp-class-166 pa t38838 l38841 ls564">result </span><span class="pp-class-166 pa t38838 l38842">in </span><span class="pp-class-166 pa t38838 l38843">impairment </span><span class="pp-class-166 pa t38844 l3">of </span><span class="pp-class-166 pa t38844 l2457">goodwill </span><span class="pp-class-166 pa t38844 l4003">in </span><span class="pp-class-166 pa t38844 l38845">any </span><span class="pp-class-166 pa t38844 l33916">of </span><span class="pp-class-166 pa t38844 l24223">the </span><span class="pp-class-166 pa t38844 l38846 ls497">three </span><span class="pp-class-166 pa t38844 l33409 ls977">cash-generating </span><span class="pp-class-166 pa t38844 l14553">units.</span></p></div></div><div class="pp-class-4" id="pp-id-4376" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h11332 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3624 l3">The </span><span class="pp-class-166 pa t3624 l1525 ls3185">sensitivity </span><span class="pp-class-166 pa t3624 l38820 ls2179">analysis </span><span class="pp-class-166 pa t3624 l38821">shows </span><span class="pp-class-166 pa t3624 l38847">the </span><span class="pp-class-166 pa t3624 l38848 ls2540">lowest </span><span class="pp-class-166 pa t3624 l38849 ls394">possible </span><span class="pp-class-166 pa t3624 l38850 ls234">growth </span><span class="pp-class-166 pa t3624 l38851 ls5905">rate </span><span class="pp-class-166 pa t3624 l38852">or </span><span class="pp-class-166 pa t3624 l38853 ls48">highest </span><span class="pp-class-166 pa t3330 l3 ls3329">possible </span><span class="pp-class-166 pa t3330 l38854 ls234">discount </span><span class="pp-class-166 pa t3330 l15445 ls5905">rate </span><span class="pp-class-166 pa t3330 l35052">in </span><span class="pp-class-166 pa t3330 l9985 ls1343">percentage </span><span class="pp-class-166 pa t3330 l20916">points </span><span class="pp-class-166 pa t3330 l38855">by </span><span class="pp-class-166 pa t3330 l38856">which </span><span class="pp-class-166 pa t3330 l38857">the </span><span class="pp-class-166 pa t3330 l38858 ls205">assumptions </span><span class="pp-class-166 pa t3330 l38859">used </span><span class="pp-class-166 pa t3338 l3 ls234">can </span><span class="pp-class-166 pa t3338 l38860">change </span><span class="pp-class-166 pa t3338 l38861 ls1498">before </span><span class="pp-class-166 pa t3338 l38862">goodwill </span><span class="pp-class-166 pa t3338 l38863 ls187">becomes </span><span class="pp-class-166 pa t3338 l38864 ls66">impaired.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3360 l3">Other </span><span class="pp-class-172 pa t3360 l1116 ls147">non-current </span><span class="pp-class-172 pa t3360 l27772 ls428">intangible </span><span class="pp-class-172 pa t3360 l38865 ls704">assets </span><span class="pp-class-172 pa t3360 l14962">and </span><span class="pp-class-172 pa t3360 l38866 ls1217">property, </span><span class="pp-class-172 pa t3360 l19857">plant </span><span class="pp-class-172 pa t3360 l38867">and </span><span class="pp-class-172 pa t3360 l38868">equipment </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3">Other </span><span class="pp-class-166 pa t3373 l4385 ls946">non-current </span><span class="pp-class-166 pa t3373 l9480 ls4053">assets </span><span class="pp-class-166 pa t3373 l38869 ls2487">were </span><span class="pp-class-166 pa t3373 l38870">also </span><span class="pp-class-166 pa t3373 l20830 ls2870">tested </span><span class="pp-class-166 pa t3373 l4611 ls228">for </span><span class="pp-class-166 pa t3373 l38871">impairment </span><span class="pp-class-166 pa t3373 l38872 ls226">indications </span><span class="pp-class-166 pa t3373 l38873 ls59">together </span><span class="pp-class-166 pa t3682 l3">with </span><span class="pp-class-166 pa t3682 l3388">goodwill </span><span class="pp-class-166 pa t3682 l28663">at </span><span class="pp-class-166 pa t3682 l30303">31 </span><span class="pp-class-166 pa t3682 l9471 ls234">December </span><span class="pp-class-166 pa t3682 l38874">2025. </span><span class="pp-class-166 pa t3682 l27178">No </span><span class="pp-class-166 pa t3682 l38875 ls1026">indication </span><span class="pp-class-166 pa t3682 l38876">of </span><span class="pp-class-166 pa t3682 l38877">impairment </span><span class="pp-class-166 pa t3682 l32807 ls1528">was </span><span class="pp-class-166 pa t3682 l2422">identi-</span><span class="pp-class-166 pa t3375 l3">fied </span><span class="pp-class-166 pa t3375 l33179">in </span><span class="pp-class-166 pa t3375 l31183 ls1435">connection </span><span class="pp-class-166 pa t3375 l38878">with </span><span class="pp-class-166 pa t3375 l10377">these </span><span class="pp-class-166 pa t3375 l38879 ls1129">tests.</span></p></div></div><div class="pp-class-4" id="pp-id-4377" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h38880 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls1498">Goodwill </span><span class="pp-class-170 pa t33226 l38881 ls2282">impairment </span><span class="pp-class-170 pa t33226 l38882 ls1855">test </span><span class="pp-class-170 pa t33226 l38883 ls1866">at </span><span class="pp-class-170 pa t33226 l38884 ls1866">31 </span><span class="pp-class-170 pa t33226 l38885 ls6928">December</span><span class="pp-class-166 pa t33226 l38886"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l38887 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l38888">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38889">Air </span><span class="pp-class-166 pa t33226 l38890">&amp; </span><span class="pp-class-166 pa t33226 l38891 ls461">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38892 ls614">Road</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l38893 ls461">Contract </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38894 ls158">Logistics</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38895">Air </span><span class="pp-class-166 pa t33226 l38896">&amp; </span><span class="pp-class-166 pa t33226 l38897 ls461">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38898 ls614">Road</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l38899 ls461">Contract </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38900 ls158">Logistics</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l3 ls3593">Carrying </span><span class="pp-class-166 pa t38901 l38902">amount </span><span class="pp-class-166 pa t38901 l4237">of </span><span class="pp-class-166 pa t38901 l1917">goodwill </span><span class="pp-class-166 pa t38901 l38903">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38904">85,708</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38905">36,166</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38906">25,566</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38907">58,840</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38908">8,076</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l37440">9,729</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38909 l3 ls10">Budget </span><span class="pp-class-172 pa t38909 l12387">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l3">Annual </span><span class="pp-class-166 pa t10040 l225 ls1410">revenue </span><span class="pp-class-166 pa t10040 l11145 ls1217">growth</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38910">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l8249">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38911">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38912">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38913">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38914">4.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l3 ls461">Conversion </span><span class="pp-class-166 pa t38915 l8941 ls3490">ratio</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38916">50.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38917">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38918">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38919">50.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38920">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38921">30.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38922 l3 ls6383">Terminal </span><span class="pp-class-172 pa t38922 l36321">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l3 ls1217">Growth</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38910">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l8249">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38911">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38912">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38913">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38914">2.5%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l3 ls1853">Pre-tax </span><span class="pp-class-166 pa t38924 l38925 ls234">discount </span><span class="pp-class-166 pa t38924 l38926 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38910">9.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l8249">7.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38911">7.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38912">9.9%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38913">6.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38914">8.5%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38927 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t38927 l38818 ls951">analysis</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l3 ls234">Growth </span><span class="pp-class-166 pa t38928 l2294">in </span><span class="pp-class-166 pa t38928 l38325 ls93">budget </span><span class="pp-class-166 pa t38928 l17551">period </span><span class="pp-class-166 pa t38928 l27029">– </span><span class="pp-class-166 pa t38928 l30552 ls187">allowed </span><span class="pp-class-166 pa t38928 l16260">decline </span><span class="pp-class-166 pa t38928 l38929 ls497">(percentage </span><span class="pp-class-166 pa t38928 l38930">points)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38931">19.2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38932">23.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38933">22.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38934">19.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38935">34.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38936">3.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l3 ls234">Discount </span><span class="pp-class-166 pa t38937 l13787 ls5905">rate </span><span class="pp-class-166 pa t38937 l29542">– </span><span class="pp-class-166 pa t38937 l23167 ls187">allowed </span><span class="pp-class-166 pa t38937 l38938 ls1528">increase </span><span class="pp-class-166 pa t38937 l8832 ls497">(percentage </span><span class="pp-class-166 pa t38937 l8279">points)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38939">6.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38940">6.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38941">6.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38942">6.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38935">10.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38936">2.2</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4370" xmlns="http://www.w3.org/1999/xhtml"><div class="w38403 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.1 </span><span class="pp-class-169 pa t254 l37093 ls3165">Impairment </span><span class="pp-class-169 pa t254 l38404 ls38265">test</span></p></div></div><div class="pp-class-4" id="pp-id-4371" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38405 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38406 l3 ls1180">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38407 l3">The </span><span class="pp-class-166 pa t38407 l1525 ls205">carrying </span><span class="pp-class-166 pa t38407 l38408">amount </span><span class="pp-class-166 pa t38407 l5440">of </span><span class="pp-class-166 pa t38407 l38409">goodwill </span><span class="pp-class-166 pa t38407 l38410">is </span><span class="pp-class-166 pa t38407 l38411 ls2870">tested </span><span class="pp-class-166 pa t38407 l38412 ls228">for </span><span class="pp-class-166 pa t38407 l3767">impairment </span><span class="pp-class-166 pa t38407 l8668">at </span><span class="pp-class-166 pa t38407 l5446 ls1575">least </span><span class="pp-class-166 pa t38407 l38413">annually </span><span class="pp-class-166 pa t38414 l3 ls59">together </span><span class="pp-class-166 pa t38414 l38415">with </span><span class="pp-class-166 pa t38414 l38416 ls75">other </span><span class="pp-class-166 pa t38414 l30294 ls946">non-current </span><span class="pp-class-166 pa t38414 l38417 ls4053">assets </span><span class="pp-class-166 pa t38414 l10361">of </span><span class="pp-class-166 pa t38414 l11498">the </span><span class="pp-class-166 pa t38414 l38418 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38419 l3">The </span><span class="pp-class-166 pa t38419 l1525 ls977">cash-generating </span><span class="pp-class-166 pa t38419 l5440">units </span><span class="pp-class-166 pa t38419 l9396 ls856">thereby </span><span class="pp-class-166 pa t38419 l20609 ls564">follow </span><span class="pp-class-166 pa t38419 l17248">our </span><span class="pp-class-166 pa t38419 l38420">divisional </span><span class="pp-class-166 pa t38419 l38421 ls70">structure: </span><span class="pp-class-166 pa t38419 l1899">Air </span><span class="pp-class-166 pa t38419 l6229">&amp; </span><span class="pp-class-166 pa t38419 l38422 ls48">Sea, </span><span class="pp-class-166 pa t38423 l3 ls1122">Road </span><span class="pp-class-166 pa t38423 l616">and </span><span class="pp-class-166 pa t38423 l38424 ls461">Contract </span><span class="pp-class-166 pa t38423 l38425 ls101">Logistics.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38426 l3">The </span><span class="pp-class-166 pa t38426 l1525 ls4372">recoverable </span><span class="pp-class-166 pa t38426 l10509">amount </span><span class="pp-class-166 pa t38426 l16162">is </span><span class="pp-class-166 pa t38426 l19324 ls2022">determined </span><span class="pp-class-166 pa t38426 l38427">as </span><span class="pp-class-166 pa t38426 l38428">the </span><span class="pp-class-166 pa t38426 l38429 ls856">present </span><span class="pp-class-166 pa t38426 l38430 ls101">value </span><span class="pp-class-166 pa t38426 l16328">of </span><span class="pp-class-166 pa t38426 l38431">the </span><span class="pp-class-166 pa t38426 l11472 ls946">discounted </span><span class="pp-class-166 pa t38432 l3 ls564">future </span><span class="pp-class-166 pa t38432 l9041 ls234">net </span><span class="pp-class-166 pa t38432 l11997 ls923">cash </span><span class="pp-class-166 pa t38432 l12058">flow </span><span class="pp-class-166 pa t38432 l38433 ls267">from </span><span class="pp-class-166 pa t38432 l38434">the </span><span class="pp-class-166 pa t38432 l32440 ls977">cash-generating </span><span class="pp-class-166 pa t38432 l38435">unit </span><span class="pp-class-166 pa t38432 l5936 ls135">to </span><span class="pp-class-166 pa t38432 l38436">which </span><span class="pp-class-166 pa t38432 l19972">the </span><span class="pp-class-166 pa t38432 l38437">goodwill </span><span class="pp-class-166 pa t38438 l3 ls265">relates. </span><span class="pp-class-166 pa t38438 l34443">In </span><span class="pp-class-166 pa t38438 l38439 ls226">calculating </span><span class="pp-class-166 pa t38438 l32784">the </span><span class="pp-class-166 pa t38438 l33542 ls856">present </span><span class="pp-class-166 pa t38438 l22288 ls239">value, </span><span class="pp-class-166 pa t38438 l36268 ls234">discount </span><span class="pp-class-166 pa t38438 l38440 ls54">rates </span><span class="pp-class-166 pa t38438 l38441 ls228">are </span><span class="pp-class-166 pa t38438 l18742">applied </span><span class="pp-class-166 pa t38438 l20650 ls556">reflecting </span><span class="pp-class-166 pa t38442 l3">the </span><span class="pp-class-166 pa t38442 l1913 ls851">risk-free </span><span class="pp-class-166 pa t38442 l16279 ls135">interest </span><span class="pp-class-166 pa t38442 l38443 ls5905">rate </span><span class="pp-class-166 pa t38442 l37116">with </span><span class="pp-class-166 pa t38442 l38444">the </span><span class="pp-class-166 pa t38442 l38445">addition </span><span class="pp-class-166 pa t38442 l38446">of </span><span class="pp-class-166 pa t38442 l5826">the </span><span class="pp-class-166 pa t38442 l38447 ls495">market </span><span class="pp-class-166 pa t38442 l10815">risk </span><span class="pp-class-166 pa t38442 l38448 ls856">premium </span><span class="pp-class-166 pa t38449 l3 ls66">relating </span><span class="pp-class-166 pa t38449 l1943 ls135">to </span><span class="pp-class-166 pa t38449 l1759">the </span><span class="pp-class-166 pa t38449 l38450">individual </span><span class="pp-class-166 pa t38449 l38451 ls977">cash-generating </span><span class="pp-class-166 pa t38449 l32922">units, </span><span class="pp-class-166 pa t38449 l38452">such </span><span class="pp-class-166 pa t38449 l38453">as </span><span class="pp-class-166 pa t38449 l38454 ls2022">geographical </span><span class="pp-class-166 pa t38449 l38455">and </span><span class="pp-class-166 pa t38456 l3">financial </span><span class="pp-class-166 pa t38456 l8394 ls1502">exposure.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38457 l3 ls1462">Other </span><span class="pp-class-170 pa t38457 l38458 ls10408">non-current </span><span class="pp-class-170 pa t38457 l38459 ls26738">intangible </span><span class="pp-class-170 pa t38457 l38460 ls10402">assets </span><span class="pp-class-170 pa t38457 l38461 ls2257">and </span><span class="pp-class-170 pa t38457 l38462 ls10735">property, </span><span class="pp-class-170 pa t38457 l38463 ls1462">plant </span><span class="pp-class-170 pa t38457 l38464 ls2257">and </span><span class="pp-class-170 pa t38457 l38465 ls28862">equipment</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38466 l3">The </span><span class="pp-class-166 pa t38466 l1525 ls205">carrying </span><span class="pp-class-166 pa t38466 l38408">amount </span><span class="pp-class-166 pa t38466 l5440">of </span><span class="pp-class-166 pa t38466 l38409 ls75">other </span><span class="pp-class-166 pa t38466 l29490 ls946">non-current </span><span class="pp-class-166 pa t38466 l38467 ls4053">assets </span><span class="pp-class-166 pa t38466 l9891">is </span><span class="pp-class-166 pa t38466 l38468 ls2870">tested </span><span class="pp-class-166 pa t38466 l34184 ls228">for </span><span class="pp-class-166 pa t38466 l2368">impairment </span><span class="pp-class-166 pa t38466 l38469">at </span><span class="pp-class-166 pa t38470 l3 ls1575">least </span><span class="pp-class-166 pa t38470 l3638 ls1122">once </span><span class="pp-class-166 pa t38470 l13585">a </span><span class="pp-class-166 pa t38470 l7227 ls48">year </span><span class="pp-class-166 pa t38470 l38151">in </span><span class="pp-class-166 pa t38470 l38471 ls1435">connection </span><span class="pp-class-166 pa t38470 l38472">with </span><span class="pp-class-166 pa t38470 l19376">the </span><span class="pp-class-166 pa t38470 l23852">impairment </span><span class="pp-class-166 pa t38470 l26450 ls3490">test </span><span class="pp-class-166 pa t38470 l38473">of </span><span class="pp-class-166 pa t38470 l38474">goodwill. </span><span class="pp-class-166 pa t38470 l38475">If </span><span class="pp-class-166 pa t38470 l38476">the </span><span class="pp-class-166 pa t38477 l3 ls1129">tests </span><span class="pp-class-166 pa t38477 l14742">show </span><span class="pp-class-166 pa t38477 l20697 ls234">evidence </span><span class="pp-class-166 pa t38477 l21658">of </span><span class="pp-class-166 pa t38477 l38478 ls8280">impairment, </span><span class="pp-class-166 pa t38477 l38479">the </span><span class="pp-class-166 pa t38477 l38480 ls1428">asset </span><span class="pp-class-166 pa t38477 l38481">is </span><span class="pp-class-166 pa t38477 l38482 ls187">written </span><span class="pp-class-166 pa t38477 l32798">down </span><span class="pp-class-166 pa t38477 l38483 ls135">to </span><span class="pp-class-166 pa t38477 l38484">the </span><span class="pp-class-166 pa t38477 l38485 ls2688">recovera-</span><span class="pp-class-166 pa t38486 l3">ble </span><span class="pp-class-166 pa t38486 l19474">amount </span><span class="pp-class-166 pa t38486 l38487 ls856">through </span><span class="pp-class-166 pa t38486 l38488 ls564">profit </span><span class="pp-class-166 pa t38486 l38489">or </span><span class="pp-class-166 pa t38486 l38490 ls101">loss. </span><span class="pp-class-166 pa t38486 l32295">The </span><span class="pp-class-166 pa t38486 l26577 ls4372">recoverable </span><span class="pp-class-166 pa t38486 l38491">amount </span><span class="pp-class-166 pa t38486 l38492">is </span><span class="pp-class-166 pa t38486 l38493">the </span><span class="pp-class-166 pa t38486 l38494">higher </span><span class="pp-class-166 pa t38486 l38495">of </span><span class="pp-class-166 pa t38496 l3">the </span><span class="pp-class-166 pa t38496 l1913 ls2307">fair </span><span class="pp-class-166 pa t38496 l5006 ls101">value </span><span class="pp-class-166 pa t38496 l7588">of </span><span class="pp-class-166 pa t38496 l36635">the </span><span class="pp-class-166 pa t38496 l12099 ls1428">asset </span><span class="pp-class-166 pa t38496 l38497 ls48">less </span><span class="pp-class-166 pa t38496 l38498">the </span><span class="pp-class-166 pa t38496 l38499 ls70">expected </span><span class="pp-class-166 pa t38496 l38500 ls1129">costs </span><span class="pp-class-166 pa t38496 l38501 ls135">to </span><span class="pp-class-166 pa t38496 l38502">sell </span><span class="pp-class-166 pa t38496 l38503">and </span><span class="pp-class-166 pa t38496 l14434">its </span><span class="pp-class-166 pa t38496 l38504 ls101">value </span><span class="pp-class-166 pa t38496 l38505">in </span><span class="pp-class-166 pa t38496 l38506">use.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38507 l3">The </span><span class="pp-class-166 pa t38507 l1525 ls101">value </span><span class="pp-class-166 pa t38507 l34625">in </span><span class="pp-class-166 pa t38507 l34353">use </span><span class="pp-class-166 pa t38507 l38508">is </span><span class="pp-class-166 pa t38507 l38509 ls2022">calculated </span><span class="pp-class-166 pa t38507 l38510">as </span><span class="pp-class-166 pa t38507 l38511">the </span><span class="pp-class-166 pa t38507 l37708 ls856">present </span><span class="pp-class-166 pa t38507 l38512 ls101">value </span><span class="pp-class-166 pa t38507 l38513">of </span><span class="pp-class-166 pa t38507 l38514 ls70">expected </span><span class="pp-class-166 pa t38507 l38515 ls564">future </span><span class="pp-class-166 pa t38507 l38516 ls923">cash </span><span class="pp-class-166 pa t38517 l3">flows </span><span class="pp-class-166 pa t38517 l36968 ls267">from </span><span class="pp-class-166 pa t38517 l4180">the </span><span class="pp-class-166 pa t38517 l34497 ls1428">asset </span><span class="pp-class-166 pa t38517 l38518">or </span><span class="pp-class-166 pa t38517 l38519">the </span><span class="pp-class-166 pa t38517 l38520">division </span><span class="pp-class-166 pa t38517 l5545">of </span><span class="pp-class-166 pa t38517 l38521">which </span><span class="pp-class-166 pa t38517 l38522">the </span><span class="pp-class-166 pa t38517 l38523 ls1428">asset </span><span class="pp-class-166 pa t38517 l38524 ls497">forms </span><span class="pp-class-166 pa t38517 l10986 ls38525">part.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38526 l3 ls4852">Management </span><span class="pp-class-170 pa t38526 l36376 ls4852">judgements </span><span class="pp-class-170 pa t38526 l36377 ls2257">and </span><span class="pp-class-170 pa t38526 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38527 l3 ls1740">For </span><span class="pp-class-166 pa t38527 l3855">goodwill </span><span class="pp-class-166 pa t38527 l38528">impairment </span><span class="pp-class-166 pa t38527 l18773 ls552">testing, </span><span class="pp-class-166 pa t38527 l38529">a </span><span class="pp-class-166 pa t38527 l38530">number </span><span class="pp-class-166 pa t38527 l24727">of </span><span class="pp-class-166 pa t38527 l38531 ls1217">estimates </span><span class="pp-class-166 pa t38527 l30637 ls228">are </span><span class="pp-class-166 pa t38527 l38532">made </span><span class="pp-class-166 pa t38527 l38533">on </span><span class="pp-class-166 pa t38527 l29074">the </span><span class="pp-class-166 pa t38527 l38534">de-</span><span class="pp-class-166 pa t38535 l3 ls394">velopment </span><span class="pp-class-166 pa t38535 l19431">in </span><span class="pp-class-166 pa t38535 l38536 ls107">revenues, </span><span class="pp-class-166 pa t38535 l6863 ls1346">gross </span><span class="pp-class-166 pa t38535 l38537 ls66">profits, </span><span class="pp-class-166 pa t38535 l38538 ls977">conversion </span><span class="pp-class-166 pa t38535 l38539 ls59">ratios, </span><span class="pp-class-166 pa t38535 l15157 ls564">future </span><span class="pp-class-166 pa t38535 l38540 ls853">capital </span><span class="pp-class-166 pa t38535 l38541 ls1849">expendi-</span><span class="pp-class-166 pa t38542 l3 ls564">tures, </span><span class="pp-class-166 pa t38542 l21866 ls234">discount </span><span class="pp-class-166 pa t38542 l38543 ls54">rates </span><span class="pp-class-166 pa t38542 l38544">and </span><span class="pp-class-166 pa t38542 l38545 ls234">growth </span><span class="pp-class-166 pa t38542 l38546 ls239">expectations </span><span class="pp-class-166 pa t38542 l38547">in </span><span class="pp-class-166 pa t38542 l38548">the </span><span class="pp-class-166 pa t38542 l38549 ls234">terminal </span><span class="pp-class-166 pa t38542 l30302">period. </span><span class="pp-class-166 pa t38542 l38550">These </span><span class="pp-class-166 pa t38551 l3 ls228">are </span><span class="pp-class-166 pa t38551 l2357">based </span><span class="pp-class-166 pa t38551 l27146">on </span><span class="pp-class-166 pa t38551 l11341">an </span><span class="pp-class-166 pa t38551 l3340 ls158">assessment </span><span class="pp-class-166 pa t38551 l8675">of </span><span class="pp-class-166 pa t38551 l8858 ls702">current </span><span class="pp-class-166 pa t38551 l30541">and </span><span class="pp-class-166 pa t38551 l38552 ls564">future </span><span class="pp-class-166 pa t38551 l38553 ls205">developments </span><span class="pp-class-166 pa t38551 l31725">in </span><span class="pp-class-166 pa t38551 l38554">the </span><span class="pp-class-166 pa t38551 l38281 ls497">three </span><span class="pp-class-166 pa t38555 l3 ls977">cash-generating </span><span class="pp-class-166 pa t38555 l4946">units </span><span class="pp-class-166 pa t38555 l2203">and </span><span class="pp-class-166 pa t38555 l14354">on </span><span class="pp-class-166 pa t38555 l12897 ls164">historical </span><span class="pp-class-166 pa t38555 l38556 ls853">data </span><span class="pp-class-166 pa t38555 l38557">and </span><span class="pp-class-166 pa t38555 l38558 ls205">assumptions </span><span class="pp-class-166 pa t38555 l38559">of </span><span class="pp-class-166 pa t38555 l38560 ls564">future </span><span class="pp-class-166 pa t38555 l38561 ls492">expect-</span><span class="pp-class-166 pa t38562 l3">ed </span><span class="pp-class-166 pa t38562 l1869 ls495">market </span><span class="pp-class-166 pa t38562 l15587 ls1900">developments, </span><span class="pp-class-166 pa t38562 l6954">including </span><span class="pp-class-166 pa t38562 l5996 ls70">expected </span><span class="pp-class-166 pa t38562 l30089 ls1428">long-term </span><span class="pp-class-166 pa t38562 l38563 ls946">average </span><span class="pp-class-166 pa t38562 l38564 ls495">market </span><span class="pp-class-166 pa t38565 l3 ls234">growth </span><span class="pp-class-166 pa t38565 l3031 ls2870">rates. </span><span class="pp-class-166 pa t38565 l7580 ls853">Data </span><span class="pp-class-166 pa t38565 l38566">includes </span><span class="pp-class-166 pa t38565 l38567 ls189">both </span><span class="pp-class-166 pa t38565 l38568 ls234">internal </span><span class="pp-class-166 pa t38565 l14502">and </span><span class="pp-class-166 pa t38565 l38569 ls59">external </span><span class="pp-class-166 pa t38565 l38570 ls853">data </span><span class="pp-class-166 pa t38565 l38571 ls1766">sources.</span></p></div></div><div class="pp-class-4" id="pp-id-4372" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38572 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38573 l3 ls1217">Material </span><span class="pp-class-166 pa t38573 l21073 ls101">value </span><span class="pp-class-166 pa t38573 l38574 ls455">drivers </span><span class="pp-class-166 pa t38573 l38575 ls2221">affecting </span><span class="pp-class-166 pa t38573 l38576">the </span><span class="pp-class-166 pa t38573 l10305 ls564">future </span><span class="pp-class-166 pa t38573 l38577 ls234">net </span><span class="pp-class-166 pa t38573 l38578 ls923">cash </span><span class="pp-class-166 pa t38573 l38579">flows </span><span class="pp-class-166 pa t38573 l3068">of </span><span class="pp-class-166 pa t38573 l38580">the </span><span class="pp-class-166 pa t38573 l38581 ls497">three </span><span class="pp-class-166 pa t38573 l38582 ls38583">cash-</span><span class="pp-class-166 pa t38584 l3 ls154">generating </span><span class="pp-class-166 pa t38584 l34585">units </span><span class="pp-class-166 pa t38584 l2584 ls228">are:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38585 l3">Air </span><span class="pp-class-172 pa t38585 l26105">&amp; </span><span class="pp-class-172 pa t38585 l37139 ls1683">Sea</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38586 l3">The </span><span class="pp-class-166 pa t38586 l1525">Air </span><span class="pp-class-166 pa t38586 l3512">&amp; </span><span class="pp-class-166 pa t38586 l2125 ls1026">Sea </span><span class="pp-class-166 pa t38586 l3513">division </span><span class="pp-class-166 pa t38586 l3514 ls3962">operates </span><span class="pp-class-166 pa t38586 l5432 ls1428">globally, </span><span class="pp-class-166 pa t38586 l3674">so </span><span class="pp-class-166 pa t38586 l5222 ls205">developments </span><span class="pp-class-166 pa t38586 l38587">in </span><span class="pp-class-166 pa t38586 l19808">the </span><span class="pp-class-166 pa t38586 l38588">global </span><span class="pp-class-166 pa t38586 l28630 ls189">econo-</span><span class="pp-class-166 pa t38589 l3">my </span><span class="pp-class-166 pa t38589 l9068">and </span><span class="pp-class-166 pa t38589 l38590 ls556">world </span><span class="pp-class-166 pa t38589 l10673 ls1129">trade </span><span class="pp-class-166 pa t38589 l38591 ls96">therefore </span><span class="pp-class-166 pa t38589 l38592 ls48">have </span><span class="pp-class-166 pa t38589 l38593">a </span><span class="pp-class-166 pa t38589 l38594 ls234">material </span><span class="pp-class-166 pa t38589 l38595 ls1636">impact </span><span class="pp-class-166 pa t38589 l38596">on </span><span class="pp-class-166 pa t38589 l9378">the </span><span class="pp-class-166 pa t38589 l11065 ls2708">division’s </span><span class="pp-class-166 pa t38589 l37313 ls564">future </span><span class="pp-class-166 pa t38597 l3 ls234">net </span><span class="pp-class-166 pa t38597 l2647 ls923">cash </span><span class="pp-class-166 pa t38597 l38598 ls189">flow. </span><span class="pp-class-166 pa t38597 l26349 ls205">Developments </span><span class="pp-class-166 pa t38597 l30268">in </span><span class="pp-class-166 pa t38597 l27900 ls1346">gross </span><span class="pp-class-166 pa t38597 l38599 ls564">profit </span><span class="pp-class-166 pa t38597 l38600">per </span><span class="pp-class-166 pa t38597 l10927 ls3094">shipment, </span><span class="pp-class-166 pa t38597 l30513 ls3490">cost </span><span class="pp-class-166 pa t38597 l38601 ls205">development </span><span class="pp-class-166 pa t38602 l3">and </span><span class="pp-class-166 pa t38602 l1192">management </span><span class="pp-class-166 pa t38602 l31588 ls205">initiatives </span><span class="pp-class-166 pa t38602 l23954 ls66">relating </span><span class="pp-class-166 pa t38602 l38603 ls135">to </span><span class="pp-class-166 pa t38602 l38604 ls234">internal </span><span class="pp-class-166 pa t38602 l18984 ls1881">productivity </span><span class="pp-class-166 pa t38602 l38605">(number </span><span class="pp-class-166 pa t38602 l38606">of </span><span class="pp-class-166 pa t38607 l3">shipments </span><span class="pp-class-166 pa t38607 l38608">per </span><span class="pp-class-166 pa t38607 l38609">employee) </span><span class="pp-class-166 pa t38607 l38610">also </span><span class="pp-class-166 pa t38607 l33341 ls2221">affect </span><span class="pp-class-166 pa t38607 l38611">the </span><span class="pp-class-166 pa t38607 l19822 ls2708">division’s </span><span class="pp-class-166 pa t38607 l38612 ls923">cash </span><span class="pp-class-166 pa t38607 l38613 ls1122">flow.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38614 l3 ls2307">Road</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38615 l3">The </span><span class="pp-class-166 pa t38615 l1525 ls1122">Road </span><span class="pp-class-166 pa t38615 l9924">division </span><span class="pp-class-166 pa t38615 l9925 ls3962">operates </span><span class="pp-class-166 pa t38615 l38616">a </span><span class="pp-class-166 pa t38615 l38617 ls1418">European </span><span class="pp-class-166 pa t38615 l38618 ls923">network </span><span class="pp-class-166 pa t38615 l38619">and </span><span class="pp-class-166 pa t38615 l38620 ls86">furthermore </span><span class="pp-class-166 pa t38615 l38621">has </span><span class="pp-class-166 pa t38615 l20235 ls154">operations </span><span class="pp-class-166 pa t38622 l3">in </span><span class="pp-class-166 pa t38622 l1746 ls556">Americas, </span><span class="pp-class-166 pa t38622 l38623 ls2050">Asia </span><span class="pp-class-166 pa t38622 l29443 ls1598">Pacific, </span><span class="pp-class-166 pa t38622 l33925">Middle </span><span class="pp-class-166 pa t38622 l38624 ls1122">East </span><span class="pp-class-166 pa t38622 l38625">and </span><span class="pp-class-166 pa t38622 l37769 ls461">Africa, </span><span class="pp-class-166 pa t38622 l38626">which </span><span class="pp-class-166 pa t38622 l38627 ls101">means </span><span class="pp-class-166 pa t38622 l38628">that </span><span class="pp-class-166 pa t38622 l38629">the </span><span class="pp-class-166 pa t38622 l38630 ls2708">division’s </span><span class="pp-class-166 pa t38631 l3 ls1402">future </span><span class="pp-class-166 pa t38631 l37599 ls1416">net </span><span class="pp-class-166 pa t38631 l9044 ls1343">cash </span><span class="pp-class-166 pa t38631 l38632 ls1740">flow </span><span class="pp-class-166 pa t38631 l38633 ls2540">is </span><span class="pp-class-166 pa t38631 l1243 ls1674">affected </span><span class="pp-class-166 pa t38631 l16275 ls2540">by </span><span class="pp-class-166 pa t38631 l38634 ls1528">the </span><span class="pp-class-166 pa t38631 l38635 ls1674">growth </span><span class="pp-class-166 pa t38631 l38636 ls1663">rate </span><span class="pp-class-166 pa t38631 l38637 ls2540">in </span><span class="pp-class-166 pa t38631 l38638 ls2061">these </span><span class="pp-class-166 pa t38631 l38639 ls3181">regions. </span><span class="pp-class-166 pa t38631 l38640 ls4405">Develop-</span><span class="pp-class-166 pa t38641 l3 ls2061">ments </span><span class="pp-class-166 pa t38641 l13166 ls2540">in </span><span class="pp-class-166 pa t38641 l2416 ls2487">gross </span><span class="pp-class-166 pa t38641 l38642 ls1402">profit </span><span class="pp-class-166 pa t38641 l38643 ls1528">per </span><span class="pp-class-166 pa t38641 l5458 ls226">shipment, </span><span class="pp-class-166 pa t38641 l38644 ls614">including </span><span class="pp-class-166 pa t38641 l3400 ls2061">truck </span><span class="pp-class-166 pa t38641 l38645 ls1528">and </span><span class="pp-class-166 pa t38641 l38646 ls2382">terminal </span><span class="pp-class-166 pa t38641 l38647 ls3962">utilisation </span><span class="pp-class-166 pa t38641 l38648 ls10352">rates, </span><span class="pp-class-166 pa t38649 l3 ls3490">cost </span><span class="pp-class-166 pa t38649 l10527 ls205">development </span><span class="pp-class-166 pa t38649 l13654">and </span><span class="pp-class-166 pa t38649 l18082">management </span><span class="pp-class-166 pa t38649 l38650 ls205">initiatives </span><span class="pp-class-166 pa t38649 l20835 ls66">relating </span><span class="pp-class-166 pa t38649 l2146 ls135">to </span><span class="pp-class-166 pa t38649 l38651 ls234">internal </span><span class="pp-class-166 pa t38649 l10174 ls1881">productivity </span><span class="pp-class-166 pa t38652 l3">(number </span><span class="pp-class-166 pa t38652 l37122">of </span><span class="pp-class-166 pa t38652 l38653">shipments </span><span class="pp-class-166 pa t38652 l30691">per </span><span class="pp-class-166 pa t38652 l38654">employee) </span><span class="pp-class-166 pa t38652 l26612">also </span><span class="pp-class-166 pa t38652 l31731 ls2221">affect </span><span class="pp-class-166 pa t38652 l36519">the </span><span class="pp-class-166 pa t38652 l38655 ls2708">division’s </span><span class="pp-class-166 pa t38652 l38656 ls923">cash </span><span class="pp-class-166 pa t38652 l38657 ls1122">flow.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38658 l3 ls1683">Contract </span><span class="pp-class-172 pa t38658 l22046 ls1026">Logistics</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38659 l3">The </span><span class="pp-class-166 pa t38659 l1525 ls461">Contract </span><span class="pp-class-166 pa t38659 l20802 ls101">Logistics </span><span class="pp-class-166 pa t38659 l37175">division </span><span class="pp-class-166 pa t38659 l33543 ls3962">operates </span><span class="pp-class-166 pa t38659 l38660 ls1428">globally, </span><span class="pp-class-166 pa t38659 l38661">so </span><span class="pp-class-166 pa t38659 l30738 ls205">developments </span><span class="pp-class-166 pa t38659 l38662">in </span><span class="pp-class-166 pa t38659 l38663">the </span><span class="pp-class-166 pa t38659 l38664">global </span><span class="pp-class-166 pa t38665 l3 ls187">economy </span><span class="pp-class-166 pa t38665 l5263">and </span><span class="pp-class-166 pa t38665 l2331 ls556">world </span><span class="pp-class-166 pa t38665 l38666 ls1129">trade </span><span class="pp-class-166 pa t38665 l37191 ls96">therefore </span><span class="pp-class-166 pa t38665 l38667 ls48">have </span><span class="pp-class-166 pa t38665 l38668">a </span><span class="pp-class-166 pa t38665 l38669 ls234">material </span><span class="pp-class-166 pa t38665 l38670 ls1636">impact </span><span class="pp-class-166 pa t38665 l38671">on </span><span class="pp-class-166 pa t38665 l38672">the </span><span class="pp-class-166 pa t38665 l38673 ls2708">division’s </span><span class="pp-class-166 pa t38674 l3 ls564">future </span><span class="pp-class-166 pa t38674 l9041 ls234">net </span><span class="pp-class-166 pa t38674 l11997 ls923">cash </span><span class="pp-class-166 pa t38674 l12058 ls189">flow. </span><span class="pp-class-166 pa t38674 l38675 ls205">Developments </span><span class="pp-class-166 pa t38674 l38676">in </span><span class="pp-class-166 pa t38674 l4879 ls3490">warehouse </span><span class="pp-class-166 pa t38674 l38677 ls101">lease </span><span class="pp-class-166 pa t38674 l38678 ls1129">costs </span><span class="pp-class-166 pa t38674 l38679">and </span><span class="pp-class-166 pa t38674 l38680 ls1129">costs </span><span class="pp-class-166 pa t38674 l38681">of </span><span class="pp-class-166 pa t38682 l3 ls1766">related </span><span class="pp-class-166 pa t38682 l10312 ls890">services, </span><span class="pp-class-166 pa t38682 l38683">utilisation </span><span class="pp-class-166 pa t38682 l2833">of </span><span class="pp-class-166 pa t38682 l33926 ls3490">warehouse </span><span class="pp-class-166 pa t38682 l38684 ls154">facilities, </span><span class="pp-class-166 pa t38682 l33913 ls3490">cost </span><span class="pp-class-166 pa t38682 l38685 ls205">development </span><span class="pp-class-166 pa t38682 l13652">and </span><span class="pp-class-166 pa t38686 l3">management </span><span class="pp-class-166 pa t38686 l15496 ls205">initiatives </span><span class="pp-class-166 pa t38686 l9410 ls66">relating </span><span class="pp-class-166 pa t38686 l38687 ls135">to </span><span class="pp-class-166 pa t38686 l2194 ls234">internal </span><span class="pp-class-166 pa t38686 l10589 ls1881">productivity </span><span class="pp-class-166 pa t38686 l38688">(number </span><span class="pp-class-166 pa t38686 l32943">of </span><span class="pp-class-166 pa t38686 l38689 ls497">order </span><span class="pp-class-166 pa t38686 l38690">lines </span><span class="pp-class-166 pa t38691 l3">per </span><span class="pp-class-166 pa t38691 l12793">employee) </span><span class="pp-class-166 pa t38691 l38692">also </span><span class="pp-class-166 pa t38691 l38693 ls2221">affect </span><span class="pp-class-166 pa t38691 l38694">the </span><span class="pp-class-166 pa t38691 l38695 ls2708">division’s </span><span class="pp-class-166 pa t38691 l38696 ls923">cash </span><span class="pp-class-166 pa t38691 l38697">flows.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38698 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t38698 l36435 ls5278">risks</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38699 l3 ls205">Management </span><span class="pp-class-166 pa t38699 l35455">has </span><span class="pp-class-166 pa t38699 l31045 ls226">assessed </span><span class="pp-class-166 pa t38699 l21478">that </span><span class="pp-class-166 pa t38699 l38700">no </span><span class="pp-class-166 pa t38699 l38701 ls2061">climate-related </span><span class="pp-class-166 pa t38699 l33884 ls205">assumptions </span><span class="pp-class-166 pa t38699 l38702 ls228">are </span><span class="pp-class-166 pa t38699 l10679 ls1119">key </span><span class="pp-class-166 pa t38699 l33738">as-</span><span class="pp-class-166 pa t38703 l3">sumptions </span><span class="pp-class-166 pa t38703 l38704 ls228">for </span><span class="pp-class-166 pa t38703 l7029">the </span><span class="pp-class-166 pa t38703 l38705">2025 </span><span class="pp-class-166 pa t38703 l38706">impairment </span><span class="pp-class-166 pa t38703 l15046 ls3490">test </span><span class="pp-class-166 pa t38703 l38707">of </span><span class="pp-class-166 pa t38703 l36794">goodwill. </span><span class="pp-class-166 pa t38703 l10917 ls226">Investments </span><span class="pp-class-166 pa t38703 l38708 ls977">associated </span><span class="pp-class-166 pa t38709 l3">with </span><span class="pp-class-166 pa t38709 l3388">our </span><span class="pp-class-166 pa t38709 l9737 ls187">climate </span><span class="pp-class-166 pa t38709 l38710">change </span><span class="pp-class-166 pa t38709 l38711 ls205">initiatives, </span><span class="pp-class-166 pa t38709 l23194">including </span><span class="pp-class-166 pa t38709 l38712">our </span><span class="pp-class-166 pa t38709 l37349 ls923">commitment </span><span class="pp-class-166 pa t38709 l8631 ls135">to </span><span class="pp-class-166 pa t38709 l36380">achieving </span><span class="pp-class-166 pa t38713 l3 ls2690">net-zero </span><span class="pp-class-166 pa t38713 l5100 ls93">carbon </span><span class="pp-class-166 pa t38713 l9996 ls205">emissions, </span><span class="pp-class-166 pa t38713 l20699 ls228">are </span><span class="pp-class-166 pa t38713 l38714 ls564">considered </span><span class="pp-class-166 pa t38713 l38715">when </span><span class="pp-class-166 pa t38713 l33784 ls180">determining </span><span class="pp-class-166 pa t38713 l38716">the </span><span class="pp-class-166 pa t38713 l5614 ls4372">recoverable </span><span class="pp-class-166 pa t38717 l3">amount </span><span class="pp-class-166 pa t38717 l34655">of </span><span class="pp-class-166 pa t38717 l32564 ls48">each </span><span class="pp-class-166 pa t38717 l6159 ls977">cash-generating </span><span class="pp-class-166 pa t38717 l20797 ls38718">unit.</span></p></div></div><div class="pp-class-4" id="pp-id-4373" xmlns="http://www.w3.org/1999/xhtml"><div class="w38719 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.1 </span><span class="pp-class-169 pa t254 l37093 ls3165">Impairment </span><span class="pp-class-169 pa t254 l38404 ls15759">test </span><span class="pp-class-169 pa t254 l38720 ls1180">— </span><span class="pp-class-169 pa t254 l38721 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4374" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h12933 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t12934 l3 ls4852">Impairment </span><span class="pp-class-170 pa t12934 l38722 ls2401">test </span><span class="pp-class-170 pa t12934 l38723 ls2257">2025</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t12945 l3">Goodwill </span><span class="pp-class-166 pa t12945 l35194 ls1528">was </span><span class="pp-class-166 pa t12945 l38724 ls2870">tested </span><span class="pp-class-166 pa t12945 l38725 ls228">for </span><span class="pp-class-166 pa t12945 l38726">impairment </span><span class="pp-class-166 pa t12945 l38727">at </span><span class="pp-class-166 pa t12945 l38728">31 </span><span class="pp-class-166 pa t12945 l38729 ls234">December </span><span class="pp-class-166 pa t12945 l38730">2025. </span><span class="pp-class-166 pa t12945 l38731">The </span><span class="pp-class-166 pa t12945 l33559 ls1129">tests </span><span class="pp-class-166 pa t12945 l38732">did </span><span class="pp-class-166 pa t12945 l38733 ls1528">not </span><span class="pp-class-166 pa t12954 l3 ls564">result </span><span class="pp-class-166 pa t12954 l38734">in </span><span class="pp-class-166 pa t12954 l30033">any </span><span class="pp-class-166 pa t12954 l38735">impairment </span><span class="pp-class-166 pa t12954 l1127">of </span><span class="pp-class-166 pa t12954 l38736 ls205">carrying </span><span class="pp-class-166 pa t12954 l38737">amounts.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t12970 l3">The </span><span class="pp-class-166 pa t12970 l1525 ls70">expected </span><span class="pp-class-166 pa t12970 l38171 ls564">future </span><span class="pp-class-166 pa t12970 l38738 ls234">net </span><span class="pp-class-166 pa t12970 l38739 ls923">cash </span><span class="pp-class-166 pa t12970 l21980">flow </span><span class="pp-class-166 pa t12970 l38740">is </span><span class="pp-class-166 pa t12970 l37907">based </span><span class="pp-class-166 pa t12970 l38741">on </span><span class="pp-class-166 pa t12970 l38742 ls461">budgets </span><span class="pp-class-166 pa t12970 l2324">and </span><span class="pp-class-166 pa t12970 l38343 ls394">business </span><span class="pp-class-166 pa t12970 l11258">plans </span><span class="pp-class-166 pa t12970 l38743">ap-</span><span class="pp-class-166 pa t12977 l3 ls6924">proved </span><span class="pp-class-166 pa t12977 l30121 ls1866">by </span><span class="pp-class-166 pa t12977 l38744 ls3187">Management </span><span class="pp-class-166 pa t12977 l38409 ls2289">for </span><span class="pp-class-166 pa t12977 l34976 ls1853">the </span><span class="pp-class-166 pa t12977 l38745 ls83">year </span><span class="pp-class-166 pa t12977 l8796 ls2690">2026 </span><span class="pp-class-166 pa t12977 l19891 ls1853">and </span><span class="pp-class-166 pa t12977 l37613 ls6351">projections </span><span class="pp-class-166 pa t12977 l38746 ls2289">for </span><span class="pp-class-166 pa t12977 l31300 ls2282">subsequent </span><span class="pp-class-166 pa t12977 l38747 ls7427">years </span><span class="pp-class-166 pa t34475 l3">up </span><span class="pp-class-166 pa t34475 l2201 ls135">to </span><span class="pp-class-166 pa t34475 l9429">and </span><span class="pp-class-166 pa t34475 l14313">including </span><span class="pp-class-166 pa t34475 l10096">2030. </span><span class="pp-class-166 pa t34475 l709">These </span><span class="pp-class-166 pa t34475 l16930 ls1026">projections </span><span class="pp-class-166 pa t34475 l38748 ls239">assume </span><span class="pp-class-166 pa t34475 l38749">single-digit </span><span class="pp-class-166 pa t34475 l38750 ls234">growth </span><span class="pp-class-166 pa t34475 l19384 ls2870">rates, </span><span class="pp-class-166 pa t12981 l3 ls856">broadly </span><span class="pp-class-166 pa t12981 l34429">in </span><span class="pp-class-166 pa t12981 l6242">line </span><span class="pp-class-166 pa t12981 l4531">with </span><span class="pp-class-166 pa t12981 l33509 ls70">expected </span><span class="pp-class-166 pa t12981 l16040">global </span><span class="pp-class-166 pa t12981 l13833">GDP </span><span class="pp-class-166 pa t12981 l38751">and </span><span class="pp-class-166 pa t12981 l38752 ls495">market </span><span class="pp-class-166 pa t12981 l13828 ls1761">growth. </span><span class="pp-class-166 pa t12981 l10892">The </span><span class="pp-class-166 pa t12981 l38753 ls1026">projections </span><span class="pp-class-166 pa t12990 l3 ls2834">reflect </span><span class="pp-class-166 pa t12990 l5683 ls2247">DSV’s </span><span class="pp-class-166 pa t12990 l11384 ls1174">continued </span><span class="pp-class-166 pa t12990 l28036 ls2247">focus </span><span class="pp-class-166 pa t12990 l38754 ls1866">on </span><span class="pp-class-166 pa t12990 l32436 ls1853">the </span><span class="pp-class-166 pa t12990 l38755 ls2700">integration </span><span class="pp-class-166 pa t12990 l38756 ls1866">of </span><span class="pp-class-166 pa t12990 l7129 ls13599">Schenker, </span><span class="pp-class-166 pa t12990 l12587 ls1866">as </span><span class="pp-class-166 pa t12990 l21756 ls129">well </span><span class="pp-class-166 pa t12990 l38757 ls1866">as </span><span class="pp-class-166 pa t12990 l14401 ls2300">current </span><span class="pp-class-166 pa t12999 l3 ls495">market </span><span class="pp-class-166 pa t12999 l1603 ls1575">uncertainties </span><span class="pp-class-166 pa t12999 l38758 ls1766">related </span><span class="pp-class-166 pa t12999 l38759 ls135">to </span><span class="pp-class-166 pa t12999 l38760 ls1129">trade </span><span class="pp-class-166 pa t12999 l2091 ls70">tariffs, </span><span class="pp-class-166 pa t12999 l2579">the </span><span class="pp-class-166 pa t12999 l38761 ls48">geopolitical </span><span class="pp-class-166 pa t12999 l25915 ls556">landscape </span><span class="pp-class-166 pa t12999 l38762">and </span><span class="pp-class-166 pa t13005 l3 ls1824">macroeconomic </span><span class="pp-class-166 pa t13005 l38763 ls2313">factors, </span><span class="pp-class-166 pa t13005 l38764 ls2688">which </span><span class="pp-class-166 pa t13005 l38765 ls2289">are </span><span class="pp-class-166 pa t13005 l10451 ls7509">expected </span><span class="pp-class-166 pa t13005 l38766 ls2302">to </span><span class="pp-class-166 pa t13005 l37284 ls1430">persist. </span><span class="pp-class-166 pa t13005 l38767 ls1853">The </span><span class="pp-class-166 pa t13005 l38768 ls6991">projected </span><span class="pp-class-166 pa t13005 l38769 ls2980">cash </span><span class="pp-class-166 pa t13005 l38770 ls1866">flows </span><span class="pp-class-166 pa t13015 l3 ls492">beyond </span><span class="pp-class-166 pa t13015 l38771">2030 </span><span class="pp-class-166 pa t13015 l9934 ls228">are </span><span class="pp-class-166 pa t13015 l38772 ls1528">extrapolated </span><span class="pp-class-166 pa t13015 l3867">using </span><span class="pp-class-166 pa t13015 l11902">a </span><span class="pp-class-166 pa t13015 l38773 ls234">terminal </span><span class="pp-class-166 pa t13015 l4917 ls234">growth </span><span class="pp-class-166 pa t13015 l38774 ls5905">rate </span><span class="pp-class-166 pa t13015 l38775">of </span><span class="pp-class-166 pa t13015 l10816">2.5%, </span><span class="pp-class-166 pa t13015 l38776">which </span><span class="pp-class-166 pa t13026 l3 ls1186">remain </span><span class="pp-class-166 pa t13026 l12755 ls1866">in </span><span class="pp-class-166 pa t13026 l6839 ls2690">line </span><span class="pp-class-166 pa t13026 l38777 ls2690">with </span><span class="pp-class-166 pa t13026 l38778 ls1853">the </span><span class="pp-class-166 pa t13026 l23995 ls7509">expected </span><span class="pp-class-166 pa t13026 l38779 ls2487">long-term </span><span class="pp-class-166 pa t13026 l21473 ls1855">average </span><span class="pp-class-166 pa t13026 l38780 ls2380">growth </span><span class="pp-class-166 pa t13026 l38781 ls8712">rate </span><span class="pp-class-166 pa t13026 l38782 ls1866">of </span><span class="pp-class-166 pa t13026 l38783 ls1853">the </span><span class="pp-class-166 pa t13026 l15206 ls2693">industry.</span></p></div></div><div class="pp-class-4" id="pp-id-4375" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38784 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38785 l3">The </span><span class="pp-class-166 pa t38785 l1525 ls93">budget </span><span class="pp-class-166 pa t38785 l38786 ls228">for </span><span class="pp-class-166 pa t38785 l31464">2026 </span><span class="pp-class-166 pa t38785 l3534 ls455">assumes </span><span class="pp-class-166 pa t38785 l38787 ls234">growth </span><span class="pp-class-166 pa t38785 l38728">in </span><span class="pp-class-166 pa t38785 l12457">air </span><span class="pp-class-166 pa t38785 l38788">and </span><span class="pp-class-166 pa t38785 l34046 ls1026">sea </span><span class="pp-class-166 pa t38785 l38789 ls455">volumes </span><span class="pp-class-166 pa t38785 l38790">of </span><span class="pp-class-166 pa t38785 l38791 ls564">around </span><span class="pp-class-166 pa t38785 l38792">2-3%, </span><span class="pp-class-166 pa t38793 l3">in </span><span class="pp-class-166 pa t38793 l1746">line </span><span class="pp-class-166 pa t38793 l38794">with </span><span class="pp-class-166 pa t38793 l34585">or </span><span class="pp-class-166 pa t38793 l16508">slightly </span><span class="pp-class-166 pa t38793 l38795 ls189">lower </span><span class="pp-class-166 pa t38793 l38796">than </span><span class="pp-class-166 pa t38793 l1557">global </span><span class="pp-class-166 pa t38793 l38797">GDP </span><span class="pp-class-166 pa t38793 l38798 ls495">forecast. </span><span class="pp-class-166 pa t38793 l9025 ls1740">For </span><span class="pp-class-166 pa t38793 l38799">the </span><span class="pp-class-166 pa t38793 l19546 ls267">road </span><span class="pp-class-166 pa t38793 l5529 ls78">market, </span><span class="pp-class-166 pa t38800 l3">the </span><span class="pp-class-166 pa t38800 l1913 ls93">budget </span><span class="pp-class-166 pa t38800 l38801 ls455">assumes </span><span class="pp-class-166 pa t38800 l38802">flat </span><span class="pp-class-166 pa t38800 l31620 ls135">to </span><span class="pp-class-166 pa t38800 l38803">low-single </span><span class="pp-class-166 pa t38800 l19495">digit </span><span class="pp-class-166 pa t38800 l7419 ls239">volume </span><span class="pp-class-166 pa t38800 l20296 ls1761">growth, </span><span class="pp-class-166 pa t38800 l1811">while </span><span class="pp-class-166 pa t38800 l38804">the </span><span class="pp-class-166 pa t38800 l38541 ls704">contract </span><span class="pp-class-166 pa t38805 l3 ls1452">logistics </span><span class="pp-class-166 pa t38805 l3079 ls495">market </span><span class="pp-class-166 pa t38805 l32514">is </span><span class="pp-class-166 pa t38805 l33054 ls70">expected </span><span class="pp-class-166 pa t38805 l38806 ls135">to </span><span class="pp-class-166 pa t38805 l557 ls455">achieve </span><span class="pp-class-166 pa t38805 l14892">low- </span><span class="pp-class-166 pa t38805 l26076 ls135">to </span><span class="pp-class-166 pa t38805 l30301">mid-single </span><span class="pp-class-166 pa t38805 l22042">digit </span><span class="pp-class-166 pa t38805 l38807 ls234">growth </span><span class="pp-class-166 pa t38805 l38808 ls54">rate. </span><span class="pp-class-166 pa t38809 l3">The </span><span class="pp-class-166 pa t38809 l1525 ls93">budget </span><span class="pp-class-166 pa t38809 l38786 ls228">for </span><span class="pp-class-166 pa t38809 l31464">2026 </span><span class="pp-class-166 pa t38809 l3534 ls455">assumes </span><span class="pp-class-166 pa t38809 l38787">that </span><span class="pp-class-166 pa t38809 l38810">the </span><span class="pp-class-166 pa t38809 l12391 ls1849">currency </span><span class="pp-class-166 pa t38809 l32047 ls851">exchange </span><span class="pp-class-166 pa t38809 l38811 ls2870">rates, </span><span class="pp-class-166 pa t38809 l38812">especially </span><span class="pp-class-166 pa t38813 l3">the </span><span class="pp-class-166 pa t38813 l1913">US </span><span class="pp-class-166 pa t38813 l38814">dollar </span><span class="pp-class-166 pa t38813 l21896 ls48">against </span><span class="pp-class-166 pa t38813 l7589 ls2628">DKK, </span><span class="pp-class-166 pa t38813 l38815">will </span><span class="pp-class-166 pa t38813 l38816 ls564">remain </span><span class="pp-class-166 pa t38813 l38599">at </span><span class="pp-class-166 pa t38813 l1226">the </span><span class="pp-class-166 pa t38813 l28800 ls702">current </span><span class="pp-class-166 pa t38813 l26450 ls239">level. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38817 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t38817 l38818 ls951">analysis</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38819 l3">The </span><span class="pp-class-166 pa t38819 l1525 ls3185">sensitivity </span><span class="pp-class-166 pa t38819 l38820 ls2179">analysis </span><span class="pp-class-166 pa t38819 l38821 ls226">assesses </span><span class="pp-class-166 pa t38819 l38822">the </span><span class="pp-class-166 pa t38819 l38823 ls1636">impact </span><span class="pp-class-166 pa t38819 l38824">of </span><span class="pp-class-166 pa t38819 l38825">changes </span><span class="pp-class-166 pa t38819 l38826">in </span><span class="pp-class-166 pa t38819 l38827 ls923">cash </span><span class="pp-class-166 pa t38819 l38828">flows </span><span class="pp-class-166 pa t38819 l38829">and </span><span class="pp-class-166 pa t38830 l3 ls234">discount </span><span class="pp-class-166 pa t38830 l38831 ls54">rates </span><span class="pp-class-166 pa t38830 l38832">on </span><span class="pp-class-166 pa t38830 l38833">the </span><span class="pp-class-166 pa t38830 l12477">impairment </span><span class="pp-class-166 pa t38830 l38834 ls3490">test </span><span class="pp-class-166 pa t38830 l38835 ls66">results. </span><span class="pp-class-166 pa t38830 l10453">The </span><span class="pp-class-166 pa t38830 l34357 ls3686">analysis </span><span class="pp-class-166 pa t38830 l38836 ls1428">concluded </span><span class="pp-class-166 pa t38830 l38837">that </span><span class="pp-class-166 pa t38838 l3 ls48">even </span><span class="pp-class-166 pa t38838 l38839 ls394">negative </span><span class="pp-class-166 pa t38838 l38840">changes </span><span class="pp-class-166 pa t38838 l4076">which </span><span class="pp-class-166 pa t38838 l34013 ls228">are </span><span class="pp-class-166 pa t38838 l27816 ls234">unlikely </span><span class="pp-class-166 pa t38838 l1227 ls135">to </span><span class="pp-class-166 pa t38838 l30257 ls189">occur </span><span class="pp-class-166 pa t38838 l1898">will </span><span class="pp-class-166 pa t38838 l5740 ls1528">not </span><span class="pp-class-166 pa t38838 l38841 ls564">result </span><span class="pp-class-166 pa t38838 l38842">in </span><span class="pp-class-166 pa t38838 l38843">impairment </span><span class="pp-class-166 pa t38844 l3">of </span><span class="pp-class-166 pa t38844 l2457">goodwill </span><span class="pp-class-166 pa t38844 l4003">in </span><span class="pp-class-166 pa t38844 l38845">any </span><span class="pp-class-166 pa t38844 l33916">of </span><span class="pp-class-166 pa t38844 l24223">the </span><span class="pp-class-166 pa t38844 l38846 ls497">three </span><span class="pp-class-166 pa t38844 l33409 ls977">cash-generating </span><span class="pp-class-166 pa t38844 l14553">units.</span></p></div></div><div class="pp-class-4" id="pp-id-4376" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h11332 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3624 l3">The </span><span class="pp-class-166 pa t3624 l1525 ls3185">sensitivity </span><span class="pp-class-166 pa t3624 l38820 ls2179">analysis </span><span class="pp-class-166 pa t3624 l38821">shows </span><span class="pp-class-166 pa t3624 l38847">the </span><span class="pp-class-166 pa t3624 l38848 ls2540">lowest </span><span class="pp-class-166 pa t3624 l38849 ls394">possible </span><span class="pp-class-166 pa t3624 l38850 ls234">growth </span><span class="pp-class-166 pa t3624 l38851 ls5905">rate </span><span class="pp-class-166 pa t3624 l38852">or </span><span class="pp-class-166 pa t3624 l38853 ls48">highest </span><span class="pp-class-166 pa t3330 l3 ls3329">possible </span><span class="pp-class-166 pa t3330 l38854 ls234">discount </span><span class="pp-class-166 pa t3330 l15445 ls5905">rate </span><span class="pp-class-166 pa t3330 l35052">in </span><span class="pp-class-166 pa t3330 l9985 ls1343">percentage </span><span class="pp-class-166 pa t3330 l20916">points </span><span class="pp-class-166 pa t3330 l38855">by </span><span class="pp-class-166 pa t3330 l38856">which </span><span class="pp-class-166 pa t3330 l38857">the </span><span class="pp-class-166 pa t3330 l38858 ls205">assumptions </span><span class="pp-class-166 pa t3330 l38859">used </span><span class="pp-class-166 pa t3338 l3 ls234">can </span><span class="pp-class-166 pa t3338 l38860">change </span><span class="pp-class-166 pa t3338 l38861 ls1498">before </span><span class="pp-class-166 pa t3338 l38862">goodwill </span><span class="pp-class-166 pa t3338 l38863 ls187">becomes </span><span class="pp-class-166 pa t3338 l38864 ls66">impaired.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3360 l3">Other </span><span class="pp-class-172 pa t3360 l1116 ls147">non-current </span><span class="pp-class-172 pa t3360 l27772 ls428">intangible </span><span class="pp-class-172 pa t3360 l38865 ls704">assets </span><span class="pp-class-172 pa t3360 l14962">and </span><span class="pp-class-172 pa t3360 l38866 ls1217">property, </span><span class="pp-class-172 pa t3360 l19857">plant </span><span class="pp-class-172 pa t3360 l38867">and </span><span class="pp-class-172 pa t3360 l38868">equipment </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3">Other </span><span class="pp-class-166 pa t3373 l4385 ls946">non-current </span><span class="pp-class-166 pa t3373 l9480 ls4053">assets </span><span class="pp-class-166 pa t3373 l38869 ls2487">were </span><span class="pp-class-166 pa t3373 l38870">also </span><span class="pp-class-166 pa t3373 l20830 ls2870">tested </span><span class="pp-class-166 pa t3373 l4611 ls228">for </span><span class="pp-class-166 pa t3373 l38871">impairment </span><span class="pp-class-166 pa t3373 l38872 ls226">indications </span><span class="pp-class-166 pa t3373 l38873 ls59">together </span><span class="pp-class-166 pa t3682 l3">with </span><span class="pp-class-166 pa t3682 l3388">goodwill </span><span class="pp-class-166 pa t3682 l28663">at </span><span class="pp-class-166 pa t3682 l30303">31 </span><span class="pp-class-166 pa t3682 l9471 ls234">December </span><span class="pp-class-166 pa t3682 l38874">2025. </span><span class="pp-class-166 pa t3682 l27178">No </span><span class="pp-class-166 pa t3682 l38875 ls1026">indication </span><span class="pp-class-166 pa t3682 l38876">of </span><span class="pp-class-166 pa t3682 l38877">impairment </span><span class="pp-class-166 pa t3682 l32807 ls1528">was </span><span class="pp-class-166 pa t3682 l2422">identi-</span><span class="pp-class-166 pa t3375 l3">fied </span><span class="pp-class-166 pa t3375 l33179">in </span><span class="pp-class-166 pa t3375 l31183 ls1435">connection </span><span class="pp-class-166 pa t3375 l38878">with </span><span class="pp-class-166 pa t3375 l10377">these </span><span class="pp-class-166 pa t3375 l38879 ls1129">tests.</span></p></div></div><div class="pp-class-4" id="pp-id-4377" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h38880 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls1498">Goodwill </span><span class="pp-class-170 pa t33226 l38881 ls2282">impairment </span><span class="pp-class-170 pa t33226 l38882 ls1855">test </span><span class="pp-class-170 pa t33226 l38883 ls1866">at </span><span class="pp-class-170 pa t33226 l38884 ls1866">31 </span><span class="pp-class-170 pa t33226 l38885 ls6928">December</span><span class="pp-class-166 pa t33226 l38886"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l38887 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l38888">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38889">Air </span><span class="pp-class-166 pa t33226 l38890">&amp; </span><span class="pp-class-166 pa t33226 l38891 ls461">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38892 ls614">Road</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l38893 ls461">Contract </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38894 ls158">Logistics</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38895">Air </span><span class="pp-class-166 pa t33226 l38896">&amp; </span><span class="pp-class-166 pa t33226 l38897 ls461">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38898 ls614">Road</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l38899 ls461">Contract </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38900 ls158">Logistics</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l3 ls3593">Carrying </span><span class="pp-class-166 pa t38901 l38902">amount </span><span class="pp-class-166 pa t38901 l4237">of </span><span class="pp-class-166 pa t38901 l1917">goodwill </span><span class="pp-class-166 pa t38901 l38903">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38904">85,708</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38905">36,166</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38906">25,566</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38907">58,840</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38908">8,076</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l37440">9,729</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38909 l3 ls10">Budget </span><span class="pp-class-172 pa t38909 l12387">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l3">Annual </span><span class="pp-class-166 pa t10040 l225 ls1410">revenue </span><span class="pp-class-166 pa t10040 l11145 ls1217">growth</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38910">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l8249">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38911">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38912">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38913">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38914">4.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l3 ls461">Conversion </span><span class="pp-class-166 pa t38915 l8941 ls3490">ratio</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38916">50.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38917">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38918">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38919">50.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38920">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38921">30.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38922 l3 ls6383">Terminal </span><span class="pp-class-172 pa t38922 l36321">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l3 ls1217">Growth</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38910">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l8249">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38911">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38912">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38913">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38914">2.5%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l3 ls1853">Pre-tax </span><span class="pp-class-166 pa t38924 l38925 ls234">discount </span><span class="pp-class-166 pa t38924 l38926 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38910">9.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l8249">7.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38911">7.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38912">9.9%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38913">6.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38914">8.5%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38927 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t38927 l38818 ls951">analysis</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l3 ls234">Growth </span><span class="pp-class-166 pa t38928 l2294">in </span><span class="pp-class-166 pa t38928 l38325 ls93">budget </span><span class="pp-class-166 pa t38928 l17551">period </span><span class="pp-class-166 pa t38928 l27029">– </span><span class="pp-class-166 pa t38928 l30552 ls187">allowed </span><span class="pp-class-166 pa t38928 l16260">decline </span><span class="pp-class-166 pa t38928 l38929 ls497">(percentage </span><span class="pp-class-166 pa t38928 l38930">points)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38931">19.2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38932">23.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38933">22.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38934">19.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38935">34.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38936">3.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l3 ls234">Discount </span><span class="pp-class-166 pa t38937 l13787 ls5905">rate </span><span class="pp-class-166 pa t38937 l29542">– </span><span class="pp-class-166 pa t38937 l23167 ls187">allowed </span><span class="pp-class-166 pa t38937 l38938 ls1528">increase </span><span class="pp-class-166 pa t38937 l8832 ls497">(percentage </span><span class="pp-class-166 pa t38937 l8279">points)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38939">6.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38940">6.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38941">6.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38942">6.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38935">10.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38936">2.2</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4378" xmlns="http://www.w3.org/1999/xhtml"><div class="w38943 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.2 </span><span class="pp-class-169 pa t254 l37093 ls21104">Intangible </span><span class="pp-class-169 pa t254 l38944 ls38945">assets</span></p></div></div><div class="pp-class-4" id="pp-id-4379" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38946 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t12934 l3 ls5287">Accounting </span><span class="pp-class-170 pa t12934 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t12954 l3">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12962 l3">Only </span><span class="pp-class-166 pa t12962 l38947">goodwill </span><span class="pp-class-166 pa t12962 l38948">arising </span><span class="pp-class-166 pa t12962 l26949 ls267">from </span><span class="pp-class-166 pa t12962 l34937 ls394">business </span><span class="pp-class-166 pa t12962 l38949 ls428">combinations </span><span class="pp-class-166 pa t12962 l35883">is </span><span class="pp-class-166 pa t12962 l29045 ls564">recognised </span><span class="pp-class-166 pa t12962 l27880">in </span><span class="pp-class-166 pa t12962 l38950">the </span><span class="pp-class-166 pa t12962 l38951">financial </span><span class="pp-class-166 pa t12970 l3 ls189">statements. </span><span class="pp-class-166 pa t12970 l21065">Goodwill </span><span class="pp-class-166 pa t12970 l38952">is </span><span class="pp-class-166 pa t12970 l5571 ls1528">measured </span><span class="pp-class-166 pa t12970 l38953">as </span><span class="pp-class-166 pa t12970 l13954">the </span><span class="pp-class-166 pa t12970 l29229 ls4013">difference </span><span class="pp-class-166 pa t12970 l5936 ls946">between </span><span class="pp-class-166 pa t12970 l38954">the </span><span class="pp-class-166 pa t12970 l38955 ls169">total </span><span class="pp-class-166 pa t12970 l38956">of </span><span class="pp-class-166 pa t12970 l38957">the </span><span class="pp-class-166 pa t12977 l3 ls2307">fair </span><span class="pp-class-166 pa t12977 l36332 ls101">value </span><span class="pp-class-166 pa t12977 l9438">of </span><span class="pp-class-166 pa t12977 l38958">the </span><span class="pp-class-166 pa t12977 l36635 ls3782">consideration </span><span class="pp-class-166 pa t12977 l29158 ls1868">transferred, </span><span class="pp-class-166 pa t12977 l38959">the </span><span class="pp-class-166 pa t12977 l38960 ls101">value </span><span class="pp-class-166 pa t12977 l13308">of </span><span class="pp-class-166 pa t12977 l38961 ls2476">non-controlling </span><span class="pp-class-166 pa t12977 l38962 ls7427">inter-</span><span class="pp-class-166 pa t34475 l3 ls461">ests </span><span class="pp-class-166 pa t34475 l38963">and </span><span class="pp-class-166 pa t34475 l38964">any </span><span class="pp-class-166 pa t34475 l5237 ls1701">equity </span><span class="pp-class-166 pa t34475 l38965 ls226">investments </span><span class="pp-class-166 pa t34475 l38966 ls164">previously </span><span class="pp-class-166 pa t34475 l38967">held </span><span class="pp-class-166 pa t34475 l38968">in </span><span class="pp-class-166 pa t34475 l38969">the </span><span class="pp-class-166 pa t34475 l38970 ls702">acquiree, </span><span class="pp-class-166 pa t34475 l38971 ls265">compared </span><span class="pp-class-166 pa t34475 l38972 ls135">to </span><span class="pp-class-166 pa t12981 l3">the </span><span class="pp-class-166 pa t12981 l1913 ls2307">fair </span><span class="pp-class-166 pa t12981 l5006 ls101">value </span><span class="pp-class-166 pa t12981 l7588">of </span><span class="pp-class-166 pa t12981 l36635">identifiable </span><span class="pp-class-166 pa t12981 l19318 ls234">net </span><span class="pp-class-166 pa t12981 l8587 ls4053">assets </span><span class="pp-class-166 pa t12981 l38973">on </span><span class="pp-class-166 pa t12981 l38974">the </span><span class="pp-class-166 pa t12981 l38975 ls1122">date </span><span class="pp-class-166 pa t12981 l27609">of </span><span class="pp-class-166 pa t12981 l38976 ls428">acquisition. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12999 l3">Goodwill </span><span class="pp-class-166 pa t12999 l35194">is </span><span class="pp-class-166 pa t12999 l3351 ls1528">not </span><span class="pp-class-166 pa t12999 l38977 ls1831">amortised, </span><span class="pp-class-166 pa t12999 l38978">but </span><span class="pp-class-166 pa t12999 l30053">is </span><span class="pp-class-166 pa t12999 l25861 ls2870">tested </span><span class="pp-class-166 pa t12999 l3734 ls228">for </span><span class="pp-class-166 pa t12999 l14880">impairment </span><span class="pp-class-166 pa t12999 l11359">at </span><span class="pp-class-166 pa t12999 l10839 ls1575">least </span><span class="pp-class-166 pa t12999 l14289 ls164">annually. </span></p></div></div><div class="pp-class-4" id="pp-id-4380" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls2540">Customer </span><span class="pp-class-172 pa t3330 l38979 ls740">relationships</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3">On </span><span class="pp-class-166 pa t3338 l9340">initial </span><span class="pp-class-166 pa t3338 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3338 l36596 ls740">customer </span><span class="pp-class-166 pa t3338 l38980 ls180">relationships </span><span class="pp-class-166 pa t3338 l38981">identified </span><span class="pp-class-166 pa t3338 l38982 ls267">from </span><span class="pp-class-166 pa t3338 l38983 ls394">business </span><span class="pp-class-166 pa t3338 l38984 ls614">com-</span><span class="pp-class-166 pa t3348 l3">binations </span><span class="pp-class-166 pa t3348 l10343 ls228">are </span><span class="pp-class-166 pa t3348 l7039 ls564">recognised </span><span class="pp-class-166 pa t3348 l390">in </span><span class="pp-class-166 pa t3348 l9748">the </span><span class="pp-class-166 pa t3348 l14206 ls1122">statement </span><span class="pp-class-166 pa t3348 l17537">of </span><span class="pp-class-166 pa t3348 l18882">financial </span><span class="pp-class-166 pa t3348 l38985">position </span><span class="pp-class-166 pa t3348 l38986">at </span><span class="pp-class-166 pa t3348 l38987 ls2307">fair </span><span class="pp-class-166 pa t3348 l1576 ls239">value. </span><span class="pp-class-166 pa t3360 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3360 l21599 ls740">customer </span><span class="pp-class-166 pa t3360 l38988 ls180">relationships </span><span class="pp-class-166 pa t3360 l38989 ls228">are </span><span class="pp-class-166 pa t3360 l38990 ls1528">measured </span><span class="pp-class-166 pa t3360 l38991">at </span><span class="pp-class-166 pa t3360 l13928 ls3490">cost </span><span class="pp-class-166 pa t3360 l38992 ls48">less </span><span class="pp-class-166 pa t3360 l38993 ls189">accumulated </span><span class="pp-class-166 pa t3373 l3 ls492">amortisation </span><span class="pp-class-166 pa t3373 l14532">and </span><span class="pp-class-166 pa t3373 l38994">impairment </span><span class="pp-class-166 pa t3373 l11 ls455">losses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls59">Customer </span><span class="pp-class-166 pa t3375 l15471 ls180">relationships </span><span class="pp-class-166 pa t3375 l5666 ls228">are </span><span class="pp-class-166 pa t3375 l15381 ls2179">amortised </span><span class="pp-class-166 pa t3375 l38995 ls48">over </span><span class="pp-class-166 pa t3375 l14535">a </span><span class="pp-class-166 pa t3375 l38996">period </span><span class="pp-class-166 pa t3375 l38997">of </span><span class="pp-class-166 pa t3375 l38998">eight </span><span class="pp-class-166 pa t3375 l38999 ls101">years </span><span class="pp-class-166 pa t3375 l39000">using </span><span class="pp-class-166 pa t3375 l39001">the </span><span class="pp-class-166 pa t3387 l3">diminishing </span><span class="pp-class-166 pa t3387 l39002 ls187">balance </span><span class="pp-class-166 pa t3387 l34249 ls93">method.</span></p></div></div><div class="pp-class-4" id="pp-id-4381" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls495">Software </span><span class="pp-class-172 pa t3330 l11153">and </span><span class="pp-class-172 pa t3330 l30019 ls495">software </span><span class="pp-class-172 pa t3330 l39003">in </span><span class="pp-class-172 pa t3330 l5016 ls1498">progress</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3 ls66">Software </span><span class="pp-class-166 pa t3338 l10749">bought </span><span class="pp-class-166 pa t3338 l39004">or </span><span class="pp-class-166 pa t3338 l39005 ls394">developed </span><span class="pp-class-166 pa t3338 l12865 ls228">for </span><span class="pp-class-166 pa t3338 l39006 ls234">internal </span><span class="pp-class-166 pa t3338 l39007">use </span><span class="pp-class-166 pa t3338 l39008">is </span><span class="pp-class-166 pa t3338 l39009 ls1528">measured </span><span class="pp-class-166 pa t3338 l39010">at </span><span class="pp-class-166 pa t3338 l39011">the </span><span class="pp-class-166 pa t3338 l38533 ls189">lower </span><span class="pp-class-166 pa t3338 l39012">of </span><span class="pp-class-166 pa t3348 l3 ls3490">cost </span><span class="pp-class-166 pa t3348 l10527 ls48">less </span><span class="pp-class-166 pa t3348 l7164 ls189">accumulated </span><span class="pp-class-166 pa t3348 l13358 ls492">amortisation </span><span class="pp-class-166 pa t3348 l3007">and </span><span class="pp-class-166 pa t3348 l10328">impairment </span><span class="pp-class-166 pa t3348 l39013 ls239">losses </span><span class="pp-class-166 pa t3348 l20977">and </span><span class="pp-class-166 pa t3348 l39014">the </span><span class="pp-class-166 pa t3348 l34027 ls4372">recoverable </span><span class="pp-class-166 pa t3360 l3 ls12199">amount. </span><span class="pp-class-166 pa t3360 l17851 ls853">Cost </span><span class="pp-class-166 pa t3360 l39015 ls1428">comprises </span><span class="pp-class-166 pa t3360 l37587">payments </span><span class="pp-class-166 pa t3360 l31323 ls228">for </span><span class="pp-class-166 pa t3360 l28569">the </span><span class="pp-class-166 pa t3360 l39016 ls66">software </span><span class="pp-class-166 pa t3360 l39017">and </span><span class="pp-class-166 pa t3360 l39018 ls75">other </span><span class="pp-class-166 pa t3360 l39019 ls461">directly </span><span class="pp-class-166 pa t3360 l39020">attribut-</span><span class="pp-class-166 pa t3373 l3">able </span><span class="pp-class-166 pa t3373 l39021 ls1129">costs </span><span class="pp-class-166 pa t3373 l4374">of </span><span class="pp-class-166 pa t3373 l39022 ls851">preparing </span><span class="pp-class-166 pa t3373 l12000">the </span><span class="pp-class-166 pa t3373 l39023 ls66">software </span><span class="pp-class-166 pa t3373 l39024 ls228">for </span><span class="pp-class-166 pa t3373 l39025">its </span><span class="pp-class-166 pa t3373 l39026 ls234">intended </span><span class="pp-class-166 pa t3373 l21004">use. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls101">After </span><span class="pp-class-166 pa t3375 l39027 ls1934">commissioning, </span><span class="pp-class-166 pa t3375 l39028 ls66">software </span><span class="pp-class-166 pa t3375 l39029">is </span><span class="pp-class-166 pa t3375 l36316 ls2179">amortised </span><span class="pp-class-166 pa t3375 l39030">on </span><span class="pp-class-166 pa t3375 l2005">a </span><span class="pp-class-166 pa t3375 l39031 ls234">straight-line </span><span class="pp-class-166 pa t3375 l39032">basis </span><span class="pp-class-166 pa t3375 l28970 ls48">over </span><span class="pp-class-166 pa t3375 l39033">its </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045">useful </span><span class="pp-class-166 pa t3387 l39034 ls497">life. </span><span class="pp-class-166 pa t3387 l39035">The </span><span class="pp-class-166 pa t3387 l39036 ls492">amortisation </span><span class="pp-class-166 pa t3387 l39037">period </span><span class="pp-class-166 pa t3387 l39038">is </span><span class="pp-class-166 pa t3387 l34152">1-8 </span><span class="pp-class-166 pa t3387 l23685 ls101">years.</span></p></div></div><div class="pp-class-4" id="pp-id-4382" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h39039 pa t2 l3 wtro4 xx4664 tro6 xx4665"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t2723 l39040 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l39041">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l3 ls2275">Intangible </span><span class="pp-class-170 pa t36551 l33806 ls1174">assets</span><span class="pp-class-166 pa t36551 l38287"/><span class="pp-class-166 pa t36551 l39042">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39043">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39044 ls59">Customer </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39045 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39046 ls856">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39047 ls66">Software </span><span class="pp-class-166 pa t36556 l39048">in </span><span class="pp-class-166 pa t36551 l39049 ls1319">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39050 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39051">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39052 ls59">Customer </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39053 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39054 ls856">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39055 ls66">Software </span><span class="pp-class-166 pa t36556 l39056">in </span><span class="pp-class-166 pa t36551 l39057 ls1319">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39058 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l3 ls853">Cost </span><span class="pp-class-166 pa t37387 l8720">at </span><span class="pp-class-166 pa t37387 l861">1 </span><span class="pp-class-166 pa t37387 l11466 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39059">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39060">2,563</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39061">1,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39062">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39063">81,135</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39064">75,774</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39065">2,564</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39066">1,411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39067">364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l37446">80,113</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l3">Additions </span><span class="pp-class-166 pa t39068 l35356 ls267">from </span><span class="pp-class-166 pa t39068 l39069 ls394">business </span><span class="pp-class-166 pa t39068 l11429 ls1217">combinations/previous </span><span class="pp-class-166 pa t39068 l39070">period </span><span class="pp-class-166 pa t39068 l39071 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39059">75,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39060">1,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39072">678</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39073">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39063">77,458</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39076">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l3">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39072">145</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39062">378</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39081">523</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39082">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39083">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39067">297</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39084">337</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l3">Disposals </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39086">(67)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39087">(2)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39088">(69)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39089">(1)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39090">(171)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39091">(7)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39092">(179)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l3 ls19049">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39072">288</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39094">(288)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39095">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39096">298</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39097">(298)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l3 ls187">Currency </span><span class="pp-class-166 pa t39098 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39099">(4,311)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39100">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39101">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39102">(4,273)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39103">864</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39076">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39084">864</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l3 ls15293">Total </span><span class="pp-class-170 pa t39104 l34893 ls2483">cost </span><span class="pp-class-170 pa t39104 l39105 ls1866">at </span><span class="pp-class-170 pa t39104 l39106 ls1866">31 </span><span class="pp-class-170 pa t39104 l39107 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39108 ls1858">147,440</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39109 ls2690">4,190</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39110 ls2690">2,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39111 ls1866">499</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39112 ls1858">154,774</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39113 ls2688">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39114 ls2690">2,563</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39115 ls2690">1,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39116 ls1866">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l37434 ls2688">81,135</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l3 ls3686">Total </span><span class="pp-class-166 pa t39117 l8908 ls492">amortisation </span><span class="pp-class-166 pa t39117 l39118">and </span><span class="pp-class-166 pa t39117 l39119">impairment </span><span class="pp-class-166 pa t39117 l22314">at </span><span class="pp-class-166 pa t39117 l39120">1 </span><span class="pp-class-166 pa t39117 l29347 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39060">2,279</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39072">979</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39122">3,258</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39065">2,149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39096">858</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l37440">3,007</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l3 ls492">Amortisation </span><span class="pp-class-166 pa t39123 l13190 ls228">for </span><span class="pp-class-166 pa t39123 l39124">the </span><span class="pp-class-166 pa t39123 l39125 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39126">331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39072">268</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39081">599</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39127">131</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39096">180</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39084">311</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l3">Disposals </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39086">(37)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39088">(37)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39089">(1)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39129">(59)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39130">(60)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l3 ls15293">Total </span><span class="pp-class-170 pa t39131 l34893 ls6798">amortisation </span><span class="pp-class-170 pa t39131 l39132 ls1853">and </span><span class="pp-class-170 pa t39131 l39133 ls2282">impairment </span><span class="pp-class-170 pa t39131 l39134 ls1866">at </span><span class="pp-class-170 pa t39131 l39135 ls1866">31 </span><span class="pp-class-170 pa t39131 l39136 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39137">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39109 ls2690">2,610</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39110 ls2690">1,210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39138">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39139 ls2690">3,820</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39140">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39114 ls2690">2,279</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39141 ls1866">979</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39142">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39143 ls2690">3,258</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l3 ls228">Carrying </span><span class="pp-class-170 pa t39144 l20159 ls1858">amount </span><span class="pp-class-170 pa t39144 l39145 ls1866">at </span><span class="pp-class-170 pa t39144 l39146 ls1866">31 </span><span class="pp-class-170 pa t39144 l39147 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39108 ls1858">147,440</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39109 ls2690">1,580</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39110 ls2690">1,435</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39111 ls1866">499</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39112 ls1858">150,954</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39113 ls2688">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39148 ls1866">284</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39141 ls1866">592</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39116 ls1866">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l37434 ls2688">77,877</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4370" xmlns="http://www.w3.org/1999/xhtml"><div class="w38403 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.1 </span><span class="pp-class-169 pa t254 l37093 ls3165">Impairment </span><span class="pp-class-169 pa t254 l38404 ls38265">test</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38406 l3 ls1180">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38407 l3">The </span><span class="pp-class-166 pa t38407 l1525 ls205">carrying </span><span class="pp-class-166 pa t38407 l38408">amount </span><span class="pp-class-166 pa t38407 l5440">of </span><span class="pp-class-166 pa t38407 l38409">goodwill </span><span class="pp-class-166 pa t38407 l38410">is </span><span class="pp-class-166 pa t38407 l38411 ls2870">tested </span><span class="pp-class-166 pa t38407 l38412 ls228">for </span><span class="pp-class-166 pa t38407 l3767">impairment </span><span class="pp-class-166 pa t38407 l8668">at </span><span class="pp-class-166 pa t38407 l5446 ls1575">least </span><span class="pp-class-166 pa t38407 l38413">annually </span><span class="pp-class-166 pa t38414 l3 ls59">together </span><span class="pp-class-166 pa t38414 l38415">with </span><span class="pp-class-166 pa t38414 l38416 ls75">other </span><span class="pp-class-166 pa t38414 l30294 ls946">non-current </span><span class="pp-class-166 pa t38414 l38417 ls4053">assets </span><span class="pp-class-166 pa t38414 l10361">of </span><span class="pp-class-166 pa t38414 l11498">the </span><span class="pp-class-166 pa t38414 l38418 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38419 l3">The </span><span class="pp-class-166 pa t38419 l1525 ls977">cash-generating </span><span class="pp-class-166 pa t38419 l5440">units </span><span class="pp-class-166 pa t38419 l9396 ls856">thereby </span><span class="pp-class-166 pa t38419 l20609 ls564">follow </span><span class="pp-class-166 pa t38419 l17248">our </span><span class="pp-class-166 pa t38419 l38420">divisional </span><span class="pp-class-166 pa t38419 l38421 ls70">structure: </span><span class="pp-class-166 pa t38419 l1899">Air </span><span class="pp-class-166 pa t38419 l6229">&amp; </span><span class="pp-class-166 pa t38419 l38422 ls48">Sea, </span><span class="pp-class-166 pa t38423 l3 ls1122">Road </span><span class="pp-class-166 pa t38423 l616">and </span><span class="pp-class-166 pa t38423 l38424 ls461">Contract </span><span class="pp-class-166 pa t38423 l38425 ls101">Logistics.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38426 l3">The </span><span class="pp-class-166 pa t38426 l1525 ls4372">recoverable </span><span class="pp-class-166 pa t38426 l10509">amount </span><span class="pp-class-166 pa t38426 l16162">is </span><span class="pp-class-166 pa t38426 l19324 ls2022">determined </span><span class="pp-class-166 pa t38426 l38427">as </span><span class="pp-class-166 pa t38426 l38428">the </span><span class="pp-class-166 pa t38426 l38429 ls856">present </span><span class="pp-class-166 pa t38426 l38430 ls101">value </span><span class="pp-class-166 pa t38426 l16328">of </span><span class="pp-class-166 pa t38426 l38431">the </span><span class="pp-class-166 pa t38426 l11472 ls946">discounted </span><span class="pp-class-166 pa t38432 l3 ls564">future </span><span class="pp-class-166 pa t38432 l9041 ls234">net </span><span class="pp-class-166 pa t38432 l11997 ls923">cash </span><span class="pp-class-166 pa t38432 l12058">flow </span><span class="pp-class-166 pa t38432 l38433 ls267">from </span><span class="pp-class-166 pa t38432 l38434">the </span><span class="pp-class-166 pa t38432 l32440 ls977">cash-generating </span><span class="pp-class-166 pa t38432 l38435">unit </span><span class="pp-class-166 pa t38432 l5936 ls135">to </span><span class="pp-class-166 pa t38432 l38436">which </span><span class="pp-class-166 pa t38432 l19972">the </span><span class="pp-class-166 pa t38432 l38437">goodwill </span><span class="pp-class-166 pa t38438 l3 ls265">relates. </span><span class="pp-class-166 pa t38438 l34443">In </span><span class="pp-class-166 pa t38438 l38439 ls226">calculating </span><span class="pp-class-166 pa t38438 l32784">the </span><span class="pp-class-166 pa t38438 l33542 ls856">present </span><span class="pp-class-166 pa t38438 l22288 ls239">value, </span><span class="pp-class-166 pa t38438 l36268 ls234">discount </span><span class="pp-class-166 pa t38438 l38440 ls54">rates </span><span class="pp-class-166 pa t38438 l38441 ls228">are </span><span class="pp-class-166 pa t38438 l18742">applied </span><span class="pp-class-166 pa t38438 l20650 ls556">reflecting </span><span class="pp-class-166 pa t38442 l3">the </span><span class="pp-class-166 pa t38442 l1913 ls851">risk-free </span><span class="pp-class-166 pa t38442 l16279 ls135">interest </span><span class="pp-class-166 pa t38442 l38443 ls5905">rate </span><span class="pp-class-166 pa t38442 l37116">with </span><span class="pp-class-166 pa t38442 l38444">the </span><span class="pp-class-166 pa t38442 l38445">addition </span><span class="pp-class-166 pa t38442 l38446">of </span><span class="pp-class-166 pa t38442 l5826">the </span><span class="pp-class-166 pa t38442 l38447 ls495">market </span><span class="pp-class-166 pa t38442 l10815">risk </span><span class="pp-class-166 pa t38442 l38448 ls856">premium </span><span class="pp-class-166 pa t38449 l3 ls66">relating </span><span class="pp-class-166 pa t38449 l1943 ls135">to </span><span class="pp-class-166 pa t38449 l1759">the </span><span class="pp-class-166 pa t38449 l38450">individual </span><span class="pp-class-166 pa t38449 l38451 ls977">cash-generating </span><span class="pp-class-166 pa t38449 l32922">units, </span><span class="pp-class-166 pa t38449 l38452">such </span><span class="pp-class-166 pa t38449 l38453">as </span><span class="pp-class-166 pa t38449 l38454 ls2022">geographical </span><span class="pp-class-166 pa t38449 l38455">and </span><span class="pp-class-166 pa t38456 l3">financial </span><span class="pp-class-166 pa t38456 l8394 ls1502">exposure.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38526 l3 ls4852">Management </span><span class="pp-class-170 pa t38526 l36376 ls4852">judgements </span><span class="pp-class-170 pa t38526 l36377 ls2257">and </span><span class="pp-class-170 pa t38526 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38527 l3 ls1740">For </span><span class="pp-class-166 pa t38527 l3855">goodwill </span><span class="pp-class-166 pa t38527 l38528">impairment </span><span class="pp-class-166 pa t38527 l18773 ls552">testing, </span><span class="pp-class-166 pa t38527 l38529">a </span><span class="pp-class-166 pa t38527 l38530">number </span><span class="pp-class-166 pa t38527 l24727">of </span><span class="pp-class-166 pa t38527 l38531 ls1217">estimates </span><span class="pp-class-166 pa t38527 l30637 ls228">are </span><span class="pp-class-166 pa t38527 l38532">made </span><span class="pp-class-166 pa t38527 l38533">on </span><span class="pp-class-166 pa t38527 l29074">the </span><span class="pp-class-166 pa t38527 l38534">de-</span><span class="pp-class-166 pa t38535 l3 ls394">velopment </span><span class="pp-class-166 pa t38535 l19431">in </span><span class="pp-class-166 pa t38535 l38536 ls107">revenues, </span><span class="pp-class-166 pa t38535 l6863 ls1346">gross </span><span class="pp-class-166 pa t38535 l38537 ls66">profits, </span><span class="pp-class-166 pa t38535 l38538 ls977">conversion </span><span class="pp-class-166 pa t38535 l38539 ls59">ratios, </span><span class="pp-class-166 pa t38535 l15157 ls564">future </span><span class="pp-class-166 pa t38535 l38540 ls853">capital </span><span class="pp-class-166 pa t38535 l38541 ls1849">expendi-</span><span class="pp-class-166 pa t38542 l3 ls564">tures, </span><span class="pp-class-166 pa t38542 l21866 ls234">discount </span><span class="pp-class-166 pa t38542 l38543 ls54">rates </span><span class="pp-class-166 pa t38542 l38544">and </span><span class="pp-class-166 pa t38542 l38545 ls234">growth </span><span class="pp-class-166 pa t38542 l38546 ls239">expectations </span><span class="pp-class-166 pa t38542 l38547">in </span><span class="pp-class-166 pa t38542 l38548">the </span><span class="pp-class-166 pa t38542 l38549 ls234">terminal </span><span class="pp-class-166 pa t38542 l30302">period. </span><span class="pp-class-166 pa t38542 l38550">These </span><span class="pp-class-166 pa t38551 l3 ls228">are </span><span class="pp-class-166 pa t38551 l2357">based </span><span class="pp-class-166 pa t38551 l27146">on </span><span class="pp-class-166 pa t38551 l11341">an </span><span class="pp-class-166 pa t38551 l3340 ls158">assessment </span><span class="pp-class-166 pa t38551 l8675">of </span><span class="pp-class-166 pa t38551 l8858 ls702">current </span><span class="pp-class-166 pa t38551 l30541">and </span><span class="pp-class-166 pa t38551 l38552 ls564">future </span><span class="pp-class-166 pa t38551 l38553 ls205">developments </span><span class="pp-class-166 pa t38551 l31725">in </span><span class="pp-class-166 pa t38551 l38554">the </span><span class="pp-class-166 pa t38551 l38281 ls497">three </span><span class="pp-class-166 pa t38555 l3 ls977">cash-generating </span><span class="pp-class-166 pa t38555 l4946">units </span><span class="pp-class-166 pa t38555 l2203">and </span><span class="pp-class-166 pa t38555 l14354">on </span><span class="pp-class-166 pa t38555 l12897 ls164">historical </span><span class="pp-class-166 pa t38555 l38556 ls853">data </span><span class="pp-class-166 pa t38555 l38557">and </span><span class="pp-class-166 pa t38555 l38558 ls205">assumptions </span><span class="pp-class-166 pa t38555 l38559">of </span><span class="pp-class-166 pa t38555 l38560 ls564">future </span><span class="pp-class-166 pa t38555 l38561 ls492">expect-</span><span class="pp-class-166 pa t38562 l3">ed </span><span class="pp-class-166 pa t38562 l1869 ls495">market </span><span class="pp-class-166 pa t38562 l15587 ls1900">developments, </span><span class="pp-class-166 pa t38562 l6954">including </span><span class="pp-class-166 pa t38562 l5996 ls70">expected </span><span class="pp-class-166 pa t38562 l30089 ls1428">long-term </span><span class="pp-class-166 pa t38562 l38563 ls946">average </span><span class="pp-class-166 pa t38562 l38564 ls495">market </span><span class="pp-class-166 pa t38565 l3 ls234">growth </span><span class="pp-class-166 pa t38565 l3031 ls2870">rates. </span><span class="pp-class-166 pa t38565 l7580 ls853">Data </span><span class="pp-class-166 pa t38565 l38566">includes </span><span class="pp-class-166 pa t38565 l38567 ls189">both </span><span class="pp-class-166 pa t38565 l38568 ls234">internal </span><span class="pp-class-166 pa t38565 l14502">and </span><span class="pp-class-166 pa t38565 l38569 ls59">external </span><span class="pp-class-166 pa t38565 l38570 ls853">data </span><span class="pp-class-166 pa t38565 l38571 ls1766">sources.</span></p><div class="pp-class-4" id="pp-id-4372" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38572 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38573 l3 ls1217">Material </span><span class="pp-class-166 pa t38573 l21073 ls101">value </span><span class="pp-class-166 pa t38573 l38574 ls455">drivers </span><span class="pp-class-166 pa t38573 l38575 ls2221">affecting </span><span class="pp-class-166 pa t38573 l38576">the </span><span class="pp-class-166 pa t38573 l10305 ls564">future </span><span class="pp-class-166 pa t38573 l38577 ls234">net </span><span class="pp-class-166 pa t38573 l38578 ls923">cash </span><span class="pp-class-166 pa t38573 l38579">flows </span><span class="pp-class-166 pa t38573 l3068">of </span><span class="pp-class-166 pa t38573 l38580">the </span><span class="pp-class-166 pa t38573 l38581 ls497">three </span><span class="pp-class-166 pa t38573 l38582 ls38583">cash-</span><span class="pp-class-166 pa t38584 l3 ls154">generating </span><span class="pp-class-166 pa t38584 l34585">units </span><span class="pp-class-166 pa t38584 l2584 ls228">are:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38585 l3">Air </span><span class="pp-class-172 pa t38585 l26105">&amp; </span><span class="pp-class-172 pa t38585 l37139 ls1683">Sea</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38586 l3">The </span><span class="pp-class-166 pa t38586 l1525">Air </span><span class="pp-class-166 pa t38586 l3512">&amp; </span><span class="pp-class-166 pa t38586 l2125 ls1026">Sea </span><span class="pp-class-166 pa t38586 l3513">division </span><span class="pp-class-166 pa t38586 l3514 ls3962">operates </span><span class="pp-class-166 pa t38586 l5432 ls1428">globally, </span><span class="pp-class-166 pa t38586 l3674">so </span><span class="pp-class-166 pa t38586 l5222 ls205">developments </span><span class="pp-class-166 pa t38586 l38587">in </span><span class="pp-class-166 pa t38586 l19808">the </span><span class="pp-class-166 pa t38586 l38588">global </span><span class="pp-class-166 pa t38586 l28630 ls189">econo-</span><span class="pp-class-166 pa t38589 l3">my </span><span class="pp-class-166 pa t38589 l9068">and </span><span class="pp-class-166 pa t38589 l38590 ls556">world </span><span class="pp-class-166 pa t38589 l10673 ls1129">trade </span><span class="pp-class-166 pa t38589 l38591 ls96">therefore </span><span class="pp-class-166 pa t38589 l38592 ls48">have </span><span class="pp-class-166 pa t38589 l38593">a </span><span class="pp-class-166 pa t38589 l38594 ls234">material </span><span class="pp-class-166 pa t38589 l38595 ls1636">impact </span><span class="pp-class-166 pa t38589 l38596">on </span><span class="pp-class-166 pa t38589 l9378">the </span><span class="pp-class-166 pa t38589 l11065 ls2708">division’s </span><span class="pp-class-166 pa t38589 l37313 ls564">future </span><span class="pp-class-166 pa t38597 l3 ls234">net </span><span class="pp-class-166 pa t38597 l2647 ls923">cash </span><span class="pp-class-166 pa t38597 l38598 ls189">flow. </span><span class="pp-class-166 pa t38597 l26349 ls205">Developments </span><span class="pp-class-166 pa t38597 l30268">in </span><span class="pp-class-166 pa t38597 l27900 ls1346">gross </span><span class="pp-class-166 pa t38597 l38599 ls564">profit </span><span class="pp-class-166 pa t38597 l38600">per </span><span class="pp-class-166 pa t38597 l10927 ls3094">shipment, </span><span class="pp-class-166 pa t38597 l30513 ls3490">cost </span><span class="pp-class-166 pa t38597 l38601 ls205">development </span><span class="pp-class-166 pa t38602 l3">and </span><span class="pp-class-166 pa t38602 l1192">management </span><span class="pp-class-166 pa t38602 l31588 ls205">initiatives </span><span class="pp-class-166 pa t38602 l23954 ls66">relating </span><span class="pp-class-166 pa t38602 l38603 ls135">to </span><span class="pp-class-166 pa t38602 l38604 ls234">internal </span><span class="pp-class-166 pa t38602 l18984 ls1881">productivity </span><span class="pp-class-166 pa t38602 l38605">(number </span><span class="pp-class-166 pa t38602 l38606">of </span><span class="pp-class-166 pa t38607 l3">shipments </span><span class="pp-class-166 pa t38607 l38608">per </span><span class="pp-class-166 pa t38607 l38609">employee) </span><span class="pp-class-166 pa t38607 l38610">also </span><span class="pp-class-166 pa t38607 l33341 ls2221">affect </span><span class="pp-class-166 pa t38607 l38611">the </span><span class="pp-class-166 pa t38607 l19822 ls2708">division’s </span><span class="pp-class-166 pa t38607 l38612 ls923">cash </span><span class="pp-class-166 pa t38607 l38613 ls1122">flow.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38614 l3 ls2307">Road</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38615 l3">The </span><span class="pp-class-166 pa t38615 l1525 ls1122">Road </span><span class="pp-class-166 pa t38615 l9924">division </span><span class="pp-class-166 pa t38615 l9925 ls3962">operates </span><span class="pp-class-166 pa t38615 l38616">a </span><span class="pp-class-166 pa t38615 l38617 ls1418">European </span><span class="pp-class-166 pa t38615 l38618 ls923">network </span><span class="pp-class-166 pa t38615 l38619">and </span><span class="pp-class-166 pa t38615 l38620 ls86">furthermore </span><span class="pp-class-166 pa t38615 l38621">has </span><span class="pp-class-166 pa t38615 l20235 ls154">operations </span><span class="pp-class-166 pa t38622 l3">in </span><span class="pp-class-166 pa t38622 l1746 ls556">Americas, </span><span class="pp-class-166 pa t38622 l38623 ls2050">Asia </span><span class="pp-class-166 pa t38622 l29443 ls1598">Pacific, </span><span class="pp-class-166 pa t38622 l33925">Middle </span><span class="pp-class-166 pa t38622 l38624 ls1122">East </span><span class="pp-class-166 pa t38622 l38625">and </span><span class="pp-class-166 pa t38622 l37769 ls461">Africa, </span><span class="pp-class-166 pa t38622 l38626">which </span><span class="pp-class-166 pa t38622 l38627 ls101">means </span><span class="pp-class-166 pa t38622 l38628">that </span><span class="pp-class-166 pa t38622 l38629">the </span><span class="pp-class-166 pa t38622 l38630 ls2708">division’s </span><span class="pp-class-166 pa t38631 l3 ls1402">future </span><span class="pp-class-166 pa t38631 l37599 ls1416">net </span><span class="pp-class-166 pa t38631 l9044 ls1343">cash </span><span class="pp-class-166 pa t38631 l38632 ls1740">flow </span><span class="pp-class-166 pa t38631 l38633 ls2540">is </span><span class="pp-class-166 pa t38631 l1243 ls1674">affected </span><span class="pp-class-166 pa t38631 l16275 ls2540">by </span><span class="pp-class-166 pa t38631 l38634 ls1528">the </span><span class="pp-class-166 pa t38631 l38635 ls1674">growth </span><span class="pp-class-166 pa t38631 l38636 ls1663">rate </span><span class="pp-class-166 pa t38631 l38637 ls2540">in </span><span class="pp-class-166 pa t38631 l38638 ls2061">these </span><span class="pp-class-166 pa t38631 l38639 ls3181">regions. </span><span class="pp-class-166 pa t38631 l38640 ls4405">Develop-</span><span class="pp-class-166 pa t38641 l3 ls2061">ments </span><span class="pp-class-166 pa t38641 l13166 ls2540">in </span><span class="pp-class-166 pa t38641 l2416 ls2487">gross </span><span class="pp-class-166 pa t38641 l38642 ls1402">profit </span><span class="pp-class-166 pa t38641 l38643 ls1528">per </span><span class="pp-class-166 pa t38641 l5458 ls226">shipment, </span><span class="pp-class-166 pa t38641 l38644 ls614">including </span><span class="pp-class-166 pa t38641 l3400 ls2061">truck </span><span class="pp-class-166 pa t38641 l38645 ls1528">and </span><span class="pp-class-166 pa t38641 l38646 ls2382">terminal </span><span class="pp-class-166 pa t38641 l38647 ls3962">utilisation </span><span class="pp-class-166 pa t38641 l38648 ls10352">rates, </span><span class="pp-class-166 pa t38649 l3 ls3490">cost </span><span class="pp-class-166 pa t38649 l10527 ls205">development </span><span class="pp-class-166 pa t38649 l13654">and </span><span class="pp-class-166 pa t38649 l18082">management </span><span class="pp-class-166 pa t38649 l38650 ls205">initiatives </span><span class="pp-class-166 pa t38649 l20835 ls66">relating </span><span class="pp-class-166 pa t38649 l2146 ls135">to </span><span class="pp-class-166 pa t38649 l38651 ls234">internal </span><span class="pp-class-166 pa t38649 l10174 ls1881">productivity </span><span class="pp-class-166 pa t38652 l3">(number </span><span class="pp-class-166 pa t38652 l37122">of </span><span class="pp-class-166 pa t38652 l38653">shipments </span><span class="pp-class-166 pa t38652 l30691">per </span><span class="pp-class-166 pa t38652 l38654">employee) </span><span class="pp-class-166 pa t38652 l26612">also </span><span class="pp-class-166 pa t38652 l31731 ls2221">affect </span><span class="pp-class-166 pa t38652 l36519">the </span><span class="pp-class-166 pa t38652 l38655 ls2708">division’s </span><span class="pp-class-166 pa t38652 l38656 ls923">cash </span><span class="pp-class-166 pa t38652 l38657 ls1122">flow.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38658 l3 ls1683">Contract </span><span class="pp-class-172 pa t38658 l22046 ls1026">Logistics</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38659 l3">The </span><span class="pp-class-166 pa t38659 l1525 ls461">Contract </span><span class="pp-class-166 pa t38659 l20802 ls101">Logistics </span><span class="pp-class-166 pa t38659 l37175">division </span><span class="pp-class-166 pa t38659 l33543 ls3962">operates </span><span class="pp-class-166 pa t38659 l38660 ls1428">globally, </span><span class="pp-class-166 pa t38659 l38661">so </span><span class="pp-class-166 pa t38659 l30738 ls205">developments </span><span class="pp-class-166 pa t38659 l38662">in </span><span class="pp-class-166 pa t38659 l38663">the </span><span class="pp-class-166 pa t38659 l38664">global </span><span class="pp-class-166 pa t38665 l3 ls187">economy </span><span class="pp-class-166 pa t38665 l5263">and </span><span class="pp-class-166 pa t38665 l2331 ls556">world </span><span class="pp-class-166 pa t38665 l38666 ls1129">trade </span><span class="pp-class-166 pa t38665 l37191 ls96">therefore </span><span class="pp-class-166 pa t38665 l38667 ls48">have </span><span class="pp-class-166 pa t38665 l38668">a </span><span class="pp-class-166 pa t38665 l38669 ls234">material </span><span class="pp-class-166 pa t38665 l38670 ls1636">impact </span><span class="pp-class-166 pa t38665 l38671">on </span><span class="pp-class-166 pa t38665 l38672">the </span><span class="pp-class-166 pa t38665 l38673 ls2708">division’s </span><span class="pp-class-166 pa t38674 l3 ls564">future </span><span class="pp-class-166 pa t38674 l9041 ls234">net </span><span class="pp-class-166 pa t38674 l11997 ls923">cash </span><span class="pp-class-166 pa t38674 l12058 ls189">flow. </span><span class="pp-class-166 pa t38674 l38675 ls205">Developments </span><span class="pp-class-166 pa t38674 l38676">in </span><span class="pp-class-166 pa t38674 l4879 ls3490">warehouse </span><span class="pp-class-166 pa t38674 l38677 ls101">lease </span><span class="pp-class-166 pa t38674 l38678 ls1129">costs </span><span class="pp-class-166 pa t38674 l38679">and </span><span class="pp-class-166 pa t38674 l38680 ls1129">costs </span><span class="pp-class-166 pa t38674 l38681">of </span><span class="pp-class-166 pa t38682 l3 ls1766">related </span><span class="pp-class-166 pa t38682 l10312 ls890">services, </span><span class="pp-class-166 pa t38682 l38683">utilisation </span><span class="pp-class-166 pa t38682 l2833">of </span><span class="pp-class-166 pa t38682 l33926 ls3490">warehouse </span><span class="pp-class-166 pa t38682 l38684 ls154">facilities, </span><span class="pp-class-166 pa t38682 l33913 ls3490">cost </span><span class="pp-class-166 pa t38682 l38685 ls205">development </span><span class="pp-class-166 pa t38682 l13652">and </span><span class="pp-class-166 pa t38686 l3">management </span><span class="pp-class-166 pa t38686 l15496 ls205">initiatives </span><span class="pp-class-166 pa t38686 l9410 ls66">relating </span><span class="pp-class-166 pa t38686 l38687 ls135">to </span><span class="pp-class-166 pa t38686 l2194 ls234">internal </span><span class="pp-class-166 pa t38686 l10589 ls1881">productivity </span><span class="pp-class-166 pa t38686 l38688">(number </span><span class="pp-class-166 pa t38686 l32943">of </span><span class="pp-class-166 pa t38686 l38689 ls497">order </span><span class="pp-class-166 pa t38686 l38690">lines </span><span class="pp-class-166 pa t38691 l3">per </span><span class="pp-class-166 pa t38691 l12793">employee) </span><span class="pp-class-166 pa t38691 l38692">also </span><span class="pp-class-166 pa t38691 l38693 ls2221">affect </span><span class="pp-class-166 pa t38691 l38694">the </span><span class="pp-class-166 pa t38691 l38695 ls2708">division’s </span><span class="pp-class-166 pa t38691 l38696 ls923">cash </span><span class="pp-class-166 pa t38691 l38697">flows.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t38698 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t38698 l36435 ls5278">risks</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38699 l3 ls205">Management </span><span class="pp-class-166 pa t38699 l35455">has </span><span class="pp-class-166 pa t38699 l31045 ls226">assessed </span><span class="pp-class-166 pa t38699 l21478">that </span><span class="pp-class-166 pa t38699 l38700">no </span><span class="pp-class-166 pa t38699 l38701 ls2061">climate-related </span><span class="pp-class-166 pa t38699 l33884 ls205">assumptions </span><span class="pp-class-166 pa t38699 l38702 ls228">are </span><span class="pp-class-166 pa t38699 l10679 ls1119">key </span><span class="pp-class-166 pa t38699 l33738">as-</span><span class="pp-class-166 pa t38703 l3">sumptions </span><span class="pp-class-166 pa t38703 l38704 ls228">for </span><span class="pp-class-166 pa t38703 l7029">the </span><span class="pp-class-166 pa t38703 l38705">2025 </span><span class="pp-class-166 pa t38703 l38706">impairment </span><span class="pp-class-166 pa t38703 l15046 ls3490">test </span><span class="pp-class-166 pa t38703 l38707">of </span><span class="pp-class-166 pa t38703 l36794">goodwill. </span><span class="pp-class-166 pa t38703 l10917 ls226">Investments </span><span class="pp-class-166 pa t38703 l38708 ls977">associated </span><span class="pp-class-166 pa t38709 l3">with </span><span class="pp-class-166 pa t38709 l3388">our </span><span class="pp-class-166 pa t38709 l9737 ls187">climate </span><span class="pp-class-166 pa t38709 l38710">change </span><span class="pp-class-166 pa t38709 l38711 ls205">initiatives, </span><span class="pp-class-166 pa t38709 l23194">including </span><span class="pp-class-166 pa t38709 l38712">our </span><span class="pp-class-166 pa t38709 l37349 ls923">commitment </span><span class="pp-class-166 pa t38709 l8631 ls135">to </span><span class="pp-class-166 pa t38709 l36380">achieving </span><span class="pp-class-166 pa t38713 l3 ls2690">net-zero </span><span class="pp-class-166 pa t38713 l5100 ls93">carbon </span><span class="pp-class-166 pa t38713 l9996 ls205">emissions, </span><span class="pp-class-166 pa t38713 l20699 ls228">are </span><span class="pp-class-166 pa t38713 l38714 ls564">considered </span><span class="pp-class-166 pa t38713 l38715">when </span><span class="pp-class-166 pa t38713 l33784 ls180">determining </span><span class="pp-class-166 pa t38713 l38716">the </span><span class="pp-class-166 pa t38713 l5614 ls4372">recoverable </span><span class="pp-class-166 pa t38717 l3">amount </span><span class="pp-class-166 pa t38717 l34655">of </span><span class="pp-class-166 pa t38717 l32564 ls48">each </span><span class="pp-class-166 pa t38717 l6159 ls977">cash-generating </span><span class="pp-class-166 pa t38717 l20797 ls38718">unit.</span></p></div></div><div class="pp-class-4" id="pp-id-4374" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h12933 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t12934 l3 ls4852">Impairment </span><span class="pp-class-170 pa t12934 l38722 ls2401">test </span><span class="pp-class-170 pa t12934 l38723 ls2257">2025</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t12945 l3">Goodwill </span><span class="pp-class-166 pa t12945 l35194 ls1528">was </span><span class="pp-class-166 pa t12945 l38724 ls2870">tested </span><span class="pp-class-166 pa t12945 l38725 ls228">for </span><span class="pp-class-166 pa t12945 l38726">impairment </span><span class="pp-class-166 pa t12945 l38727">at </span><span class="pp-class-166 pa t12945 l38728">31 </span><span class="pp-class-166 pa t12945 l38729 ls234">December </span><span class="pp-class-166 pa t12945 l38730">2025. </span><span class="pp-class-166 pa t12945 l38731">The </span><span class="pp-class-166 pa t12945 l33559 ls1129">tests </span><span class="pp-class-166 pa t12945 l38732">did </span><span class="pp-class-166 pa t12945 l38733 ls1528">not </span><span class="pp-class-166 pa t12954 l3 ls564">result </span><span class="pp-class-166 pa t12954 l38734">in </span><span class="pp-class-166 pa t12954 l30033">any </span><span class="pp-class-166 pa t12954 l38735">impairment </span><span class="pp-class-166 pa t12954 l1127">of </span><span class="pp-class-166 pa t12954 l38736 ls205">carrying </span><span class="pp-class-166 pa t12954 l38737">amounts.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t12970 l3">The </span><span class="pp-class-166 pa t12970 l1525 ls70">expected </span><span class="pp-class-166 pa t12970 l38171 ls564">future </span><span class="pp-class-166 pa t12970 l38738 ls234">net </span><span class="pp-class-166 pa t12970 l38739 ls923">cash </span><span class="pp-class-166 pa t12970 l21980">flow </span><span class="pp-class-166 pa t12970 l38740">is </span><span class="pp-class-166 pa t12970 l37907">based </span><span class="pp-class-166 pa t12970 l38741">on </span><span class="pp-class-166 pa t12970 l38742 ls461">budgets </span><span class="pp-class-166 pa t12970 l2324">and </span><span class="pp-class-166 pa t12970 l38343 ls394">business </span><span class="pp-class-166 pa t12970 l11258">plans </span><span class="pp-class-166 pa t12970 l38743">ap-</span><span class="pp-class-166 pa t12977 l3 ls6924">proved </span><span class="pp-class-166 pa t12977 l30121 ls1866">by </span><span class="pp-class-166 pa t12977 l38744 ls3187">Management </span><span class="pp-class-166 pa t12977 l38409 ls2289">for </span><span class="pp-class-166 pa t12977 l34976 ls1853">the </span><span class="pp-class-166 pa t12977 l38745 ls83">year </span><span class="pp-class-166 pa t12977 l8796 ls2690">2026 </span><span class="pp-class-166 pa t12977 l19891 ls1853">and </span><span class="pp-class-166 pa t12977 l37613 ls6351">projections </span><span class="pp-class-166 pa t12977 l38746 ls2289">for </span><span class="pp-class-166 pa t12977 l31300 ls2282">subsequent </span><span class="pp-class-166 pa t12977 l38747 ls7427">years </span><span class="pp-class-166 pa t34475 l3">up </span><span class="pp-class-166 pa t34475 l2201 ls135">to </span><span class="pp-class-166 pa t34475 l9429">and </span><span class="pp-class-166 pa t34475 l14313">including </span><span class="pp-class-166 pa t34475 l10096">2030. </span><span class="pp-class-166 pa t34475 l709">These </span><span class="pp-class-166 pa t34475 l16930 ls1026">projections </span><span class="pp-class-166 pa t34475 l38748 ls239">assume </span><span class="pp-class-166 pa t34475 l38749">single-digit </span><span class="pp-class-166 pa t34475 l38750 ls234">growth </span><span class="pp-class-166 pa t34475 l19384 ls2870">rates, </span><span class="pp-class-166 pa t12981 l3 ls856">broadly </span><span class="pp-class-166 pa t12981 l34429">in </span><span class="pp-class-166 pa t12981 l6242">line </span><span class="pp-class-166 pa t12981 l4531">with </span><span class="pp-class-166 pa t12981 l33509 ls70">expected </span><span class="pp-class-166 pa t12981 l16040">global </span><span class="pp-class-166 pa t12981 l13833">GDP </span><span class="pp-class-166 pa t12981 l38751">and </span><span class="pp-class-166 pa t12981 l38752 ls495">market </span><span class="pp-class-166 pa t12981 l13828 ls1761">growth. </span><span class="pp-class-166 pa t12981 l10892">The </span><span class="pp-class-166 pa t12981 l38753 ls1026">projections </span><span class="pp-class-166 pa t12990 l3 ls2834">reflect </span><span class="pp-class-166 pa t12990 l5683 ls2247">DSV’s </span><span class="pp-class-166 pa t12990 l11384 ls1174">continued </span><span class="pp-class-166 pa t12990 l28036 ls2247">focus </span><span class="pp-class-166 pa t12990 l38754 ls1866">on </span><span class="pp-class-166 pa t12990 l32436 ls1853">the </span><span class="pp-class-166 pa t12990 l38755 ls2700">integration </span><span class="pp-class-166 pa t12990 l38756 ls1866">of </span><span class="pp-class-166 pa t12990 l7129 ls13599">Schenker, </span><span class="pp-class-166 pa t12990 l12587 ls1866">as </span><span class="pp-class-166 pa t12990 l21756 ls129">well </span><span class="pp-class-166 pa t12990 l38757 ls1866">as </span><span class="pp-class-166 pa t12990 l14401 ls2300">current </span><span class="pp-class-166 pa t12999 l3 ls495">market </span><span class="pp-class-166 pa t12999 l1603 ls1575">uncertainties </span><span class="pp-class-166 pa t12999 l38758 ls1766">related </span><span class="pp-class-166 pa t12999 l38759 ls135">to </span><span class="pp-class-166 pa t12999 l38760 ls1129">trade </span><span class="pp-class-166 pa t12999 l2091 ls70">tariffs, </span><span class="pp-class-166 pa t12999 l2579">the </span><span class="pp-class-166 pa t12999 l38761 ls48">geopolitical </span><span class="pp-class-166 pa t12999 l25915 ls556">landscape </span><span class="pp-class-166 pa t12999 l38762">and </span><span class="pp-class-166 pa t13005 l3 ls1824">macroeconomic </span><span class="pp-class-166 pa t13005 l38763 ls2313">factors, </span><span class="pp-class-166 pa t13005 l38764 ls2688">which </span><span class="pp-class-166 pa t13005 l38765 ls2289">are </span><span class="pp-class-166 pa t13005 l10451 ls7509">expected </span><span class="pp-class-166 pa t13005 l38766 ls2302">to </span><span class="pp-class-166 pa t13005 l37284 ls1430">persist. </span><span class="pp-class-166 pa t13005 l38767 ls1853">The </span><span class="pp-class-166 pa t13005 l38768 ls6991">projected </span><span class="pp-class-166 pa t13005 l38769 ls2980">cash </span><span class="pp-class-166 pa t13005 l38770 ls1866">flows </span><span class="pp-class-166 pa t13015 l3 ls492">beyond </span><span class="pp-class-166 pa t13015 l38771">2030 </span><span class="pp-class-166 pa t13015 l9934 ls228">are </span><span class="pp-class-166 pa t13015 l38772 ls1528">extrapolated </span><span class="pp-class-166 pa t13015 l3867">using </span><span class="pp-class-166 pa t13015 l11902">a </span><span class="pp-class-166 pa t13015 l38773 ls234">terminal </span><span class="pp-class-166 pa t13015 l4917 ls234">growth </span><span class="pp-class-166 pa t13015 l38774 ls5905">rate </span><span class="pp-class-166 pa t13015 l38775">of </span><span class="pp-class-166 pa t13015 l10816">2.5%, </span><span class="pp-class-166 pa t13015 l38776">which </span><span class="pp-class-166 pa t13026 l3 ls1186">remain </span><span class="pp-class-166 pa t13026 l12755 ls1866">in </span><span class="pp-class-166 pa t13026 l6839 ls2690">line </span><span class="pp-class-166 pa t13026 l38777 ls2690">with </span><span class="pp-class-166 pa t13026 l38778 ls1853">the </span><span class="pp-class-166 pa t13026 l23995 ls7509">expected </span><span class="pp-class-166 pa t13026 l38779 ls2487">long-term </span><span class="pp-class-166 pa t13026 l21473 ls1855">average </span><span class="pp-class-166 pa t13026 l38780 ls2380">growth </span><span class="pp-class-166 pa t13026 l38781 ls8712">rate </span><span class="pp-class-166 pa t13026 l38782 ls1866">of </span><span class="pp-class-166 pa t13026 l38783 ls1853">the </span><span class="pp-class-166 pa t13026 l15206 ls2693">industry.</span></p></div></div><div class="pp-class-4" id="pp-id-4375" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38784 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38785 l3">The </span><span class="pp-class-166 pa t38785 l1525 ls93">budget </span><span class="pp-class-166 pa t38785 l38786 ls228">for </span><span class="pp-class-166 pa t38785 l31464">2026 </span><span class="pp-class-166 pa t38785 l3534 ls455">assumes </span><span class="pp-class-166 pa t38785 l38787 ls234">growth </span><span class="pp-class-166 pa t38785 l38728">in </span><span class="pp-class-166 pa t38785 l12457">air </span><span class="pp-class-166 pa t38785 l38788">and </span><span class="pp-class-166 pa t38785 l34046 ls1026">sea </span><span class="pp-class-166 pa t38785 l38789 ls455">volumes </span><span class="pp-class-166 pa t38785 l38790">of </span><span class="pp-class-166 pa t38785 l38791 ls564">around </span><span class="pp-class-166 pa t38785 l38792">2-3%, </span><span class="pp-class-166 pa t38793 l3">in </span><span class="pp-class-166 pa t38793 l1746">line </span><span class="pp-class-166 pa t38793 l38794">with </span><span class="pp-class-166 pa t38793 l34585">or </span><span class="pp-class-166 pa t38793 l16508">slightly </span><span class="pp-class-166 pa t38793 l38795 ls189">lower </span><span class="pp-class-166 pa t38793 l38796">than </span><span class="pp-class-166 pa t38793 l1557">global </span><span class="pp-class-166 pa t38793 l38797">GDP </span><span class="pp-class-166 pa t38793 l38798 ls495">forecast. </span><span class="pp-class-166 pa t38793 l9025 ls1740">For </span><span class="pp-class-166 pa t38793 l38799">the </span><span class="pp-class-166 pa t38793 l19546 ls267">road </span><span class="pp-class-166 pa t38793 l5529 ls78">market, </span><span class="pp-class-166 pa t38800 l3">the </span><span class="pp-class-166 pa t38800 l1913 ls93">budget </span><span class="pp-class-166 pa t38800 l38801 ls455">assumes </span><span class="pp-class-166 pa t38800 l38802">flat </span><span class="pp-class-166 pa t38800 l31620 ls135">to </span><span class="pp-class-166 pa t38800 l38803">low-single </span><span class="pp-class-166 pa t38800 l19495">digit </span><span class="pp-class-166 pa t38800 l7419 ls239">volume </span><span class="pp-class-166 pa t38800 l20296 ls1761">growth, </span><span class="pp-class-166 pa t38800 l1811">while </span><span class="pp-class-166 pa t38800 l38804">the </span><span class="pp-class-166 pa t38800 l38541 ls704">contract </span><span class="pp-class-166 pa t38805 l3 ls1452">logistics </span><span class="pp-class-166 pa t38805 l3079 ls495">market </span><span class="pp-class-166 pa t38805 l32514">is </span><span class="pp-class-166 pa t38805 l33054 ls70">expected </span><span class="pp-class-166 pa t38805 l38806 ls135">to </span><span class="pp-class-166 pa t38805 l557 ls455">achieve </span><span class="pp-class-166 pa t38805 l14892">low- </span><span class="pp-class-166 pa t38805 l26076 ls135">to </span><span class="pp-class-166 pa t38805 l30301">mid-single </span><span class="pp-class-166 pa t38805 l22042">digit </span><span class="pp-class-166 pa t38805 l38807 ls234">growth </span><span class="pp-class-166 pa t38805 l38808 ls54">rate. </span><span class="pp-class-166 pa t38809 l3">The </span><span class="pp-class-166 pa t38809 l1525 ls93">budget </span><span class="pp-class-166 pa t38809 l38786 ls228">for </span><span class="pp-class-166 pa t38809 l31464">2026 </span><span class="pp-class-166 pa t38809 l3534 ls455">assumes </span><span class="pp-class-166 pa t38809 l38787">that </span><span class="pp-class-166 pa t38809 l38810">the </span><span class="pp-class-166 pa t38809 l12391 ls1849">currency </span><span class="pp-class-166 pa t38809 l32047 ls851">exchange </span><span class="pp-class-166 pa t38809 l38811 ls2870">rates, </span><span class="pp-class-166 pa t38809 l38812">especially </span><span class="pp-class-166 pa t38813 l3">the </span><span class="pp-class-166 pa t38813 l1913">US </span><span class="pp-class-166 pa t38813 l38814">dollar </span><span class="pp-class-166 pa t38813 l21896 ls48">against </span><span class="pp-class-166 pa t38813 l7589 ls2628">DKK, </span><span class="pp-class-166 pa t38813 l38815">will </span><span class="pp-class-166 pa t38813 l38816 ls564">remain </span><span class="pp-class-166 pa t38813 l38599">at </span><span class="pp-class-166 pa t38813 l1226">the </span><span class="pp-class-166 pa t38813 l28800 ls702">current </span><span class="pp-class-166 pa t38813 l26450 ls239">level. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t38817 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t38817 l38818 ls951">analysis</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t38819 l3">The </span><span class="pp-class-166 pa t38819 l1525 ls3185">sensitivity </span><span class="pp-class-166 pa t38819 l38820 ls2179">analysis </span><span class="pp-class-166 pa t38819 l38821 ls226">assesses </span><span class="pp-class-166 pa t38819 l38822">the </span><span class="pp-class-166 pa t38819 l38823 ls1636">impact </span><span class="pp-class-166 pa t38819 l38824">of </span><span class="pp-class-166 pa t38819 l38825">changes </span><span class="pp-class-166 pa t38819 l38826">in </span><span class="pp-class-166 pa t38819 l38827 ls923">cash </span><span class="pp-class-166 pa t38819 l38828">flows </span><span class="pp-class-166 pa t38819 l38829">and </span><span class="pp-class-166 pa t38830 l3 ls234">discount </span><span class="pp-class-166 pa t38830 l38831 ls54">rates </span><span class="pp-class-166 pa t38830 l38832">on </span><span class="pp-class-166 pa t38830 l38833">the </span><span class="pp-class-166 pa t38830 l12477">impairment </span><span class="pp-class-166 pa t38830 l38834 ls3490">test </span><span class="pp-class-166 pa t38830 l38835 ls66">results. </span><span class="pp-class-166 pa t38830 l10453">The </span><span class="pp-class-166 pa t38830 l34357 ls3686">analysis </span><span class="pp-class-166 pa t38830 l38836 ls1428">concluded </span><span class="pp-class-166 pa t38830 l38837">that </span><span class="pp-class-166 pa t38838 l3 ls48">even </span><span class="pp-class-166 pa t38838 l38839 ls394">negative </span><span class="pp-class-166 pa t38838 l38840">changes </span><span class="pp-class-166 pa t38838 l4076">which </span><span class="pp-class-166 pa t38838 l34013 ls228">are </span><span class="pp-class-166 pa t38838 l27816 ls234">unlikely </span><span class="pp-class-166 pa t38838 l1227 ls135">to </span><span class="pp-class-166 pa t38838 l30257 ls189">occur </span><span class="pp-class-166 pa t38838 l1898">will </span><span class="pp-class-166 pa t38838 l5740 ls1528">not </span><span class="pp-class-166 pa t38838 l38841 ls564">result </span><span class="pp-class-166 pa t38838 l38842">in </span><span class="pp-class-166 pa t38838 l38843">impairment </span><span class="pp-class-166 pa t38844 l3">of </span><span class="pp-class-166 pa t38844 l2457">goodwill </span><span class="pp-class-166 pa t38844 l4003">in </span><span class="pp-class-166 pa t38844 l38845">any </span><span class="pp-class-166 pa t38844 l33916">of </span><span class="pp-class-166 pa t38844 l24223">the </span><span class="pp-class-166 pa t38844 l38846 ls497">three </span><span class="pp-class-166 pa t38844 l33409 ls977">cash-generating </span><span class="pp-class-166 pa t38844 l14553">units.</span></p></div></div><div class="pp-class-4" id="pp-id-4376" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h11332 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3624 l3">The </span><span class="pp-class-166 pa t3624 l1525 ls3185">sensitivity </span><span class="pp-class-166 pa t3624 l38820 ls2179">analysis </span><span class="pp-class-166 pa t3624 l38821">shows </span><span class="pp-class-166 pa t3624 l38847">the </span><span class="pp-class-166 pa t3624 l38848 ls2540">lowest </span><span class="pp-class-166 pa t3624 l38849 ls394">possible </span><span class="pp-class-166 pa t3624 l38850 ls234">growth </span><span class="pp-class-166 pa t3624 l38851 ls5905">rate </span><span class="pp-class-166 pa t3624 l38852">or </span><span class="pp-class-166 pa t3624 l38853 ls48">highest </span><span class="pp-class-166 pa t3330 l3 ls3329">possible </span><span class="pp-class-166 pa t3330 l38854 ls234">discount </span><span class="pp-class-166 pa t3330 l15445 ls5905">rate </span><span class="pp-class-166 pa t3330 l35052">in </span><span class="pp-class-166 pa t3330 l9985 ls1343">percentage </span><span class="pp-class-166 pa t3330 l20916">points </span><span class="pp-class-166 pa t3330 l38855">by </span><span class="pp-class-166 pa t3330 l38856">which </span><span class="pp-class-166 pa t3330 l38857">the </span><span class="pp-class-166 pa t3330 l38858 ls205">assumptions </span><span class="pp-class-166 pa t3330 l38859">used </span><span class="pp-class-166 pa t3338 l3 ls234">can </span><span class="pp-class-166 pa t3338 l38860">change </span><span class="pp-class-166 pa t3338 l38861 ls1498">before </span><span class="pp-class-166 pa t3338 l38862">goodwill </span><span class="pp-class-166 pa t3338 l38863 ls187">becomes </span><span class="pp-class-166 pa t3338 l38864 ls66">impaired.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3360 l3">Other </span><span class="pp-class-172 pa t3360 l1116 ls147">non-current </span><span class="pp-class-172 pa t3360 l27772 ls428">intangible </span><span class="pp-class-172 pa t3360 l38865 ls704">assets </span><span class="pp-class-172 pa t3360 l14962">and </span><span class="pp-class-172 pa t3360 l38866 ls1217">property, </span><span class="pp-class-172 pa t3360 l19857">plant </span><span class="pp-class-172 pa t3360 l38867">and </span><span class="pp-class-172 pa t3360 l38868">equipment </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3">Other </span><span class="pp-class-166 pa t3373 l4385 ls946">non-current </span><span class="pp-class-166 pa t3373 l9480 ls4053">assets </span><span class="pp-class-166 pa t3373 l38869 ls2487">were </span><span class="pp-class-166 pa t3373 l38870">also </span><span class="pp-class-166 pa t3373 l20830 ls2870">tested </span><span class="pp-class-166 pa t3373 l4611 ls228">for </span><span class="pp-class-166 pa t3373 l38871">impairment </span><span class="pp-class-166 pa t3373 l38872 ls226">indications </span><span class="pp-class-166 pa t3373 l38873 ls59">together </span><span class="pp-class-166 pa t3682 l3">with </span><span class="pp-class-166 pa t3682 l3388">goodwill </span><span class="pp-class-166 pa t3682 l28663">at </span><span class="pp-class-166 pa t3682 l30303">31 </span><span class="pp-class-166 pa t3682 l9471 ls234">December </span><span class="pp-class-166 pa t3682 l38874">2025. </span><span class="pp-class-166 pa t3682 l27178">No </span><span class="pp-class-166 pa t3682 l38875 ls1026">indication </span><span class="pp-class-166 pa t3682 l38876">of </span><span class="pp-class-166 pa t3682 l38877">impairment </span><span class="pp-class-166 pa t3682 l32807 ls1528">was </span><span class="pp-class-166 pa t3682 l2422">identi-</span><span class="pp-class-166 pa t3375 l3">fied </span><span class="pp-class-166 pa t3375 l33179">in </span><span class="pp-class-166 pa t3375 l31183 ls1435">connection </span><span class="pp-class-166 pa t3375 l38878">with </span><span class="pp-class-166 pa t3375 l10377">these </span><span class="pp-class-166 pa t3375 l38879 ls1129">tests.</span></p></div></div><div class="pp-class-4" id="pp-id-4377" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h38880 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls1498">Goodwill </span><span class="pp-class-170 pa t33226 l38881 ls2282">impairment </span><span class="pp-class-170 pa t33226 l38882 ls1855">test </span><span class="pp-class-170 pa t33226 l38883 ls1866">at </span><span class="pp-class-170 pa t33226 l38884 ls1866">31 </span><span class="pp-class-170 pa t33226 l38885 ls6928">December</span><span class="pp-class-166 pa t33226 l38886"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l38887 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l38888">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38889">Air </span><span class="pp-class-166 pa t33226 l38890">&amp; </span><span class="pp-class-166 pa t33226 l38891 ls461">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38892 ls614">Road</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l38893 ls461">Contract </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38894 ls158">Logistics</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38895">Air </span><span class="pp-class-166 pa t33226 l38896">&amp; </span><span class="pp-class-166 pa t33226 l38897 ls461">Sea</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38898 ls614">Road</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l38899 ls461">Contract </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38900 ls158">Logistics</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l3 ls3593">Carrying </span><span class="pp-class-166 pa t38901 l38902">amount </span><span class="pp-class-166 pa t38901 l4237">of </span><span class="pp-class-166 pa t38901 l1917">goodwill </span><span class="pp-class-166 pa t38901 l38903">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38904">85,708</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38905">36,166</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38906">25,566</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38907">58,840</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l38908">8,076</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l37440">9,729</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38909 l3 ls10">Budget </span><span class="pp-class-172 pa t38909 l12387">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l3">Annual </span><span class="pp-class-166 pa t10040 l225 ls1410">revenue </span><span class="pp-class-166 pa t10040 l11145 ls1217">growth</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38910">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l8249">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38911">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38912">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38913">4.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t10040 l38914">4.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l3 ls461">Conversion </span><span class="pp-class-166 pa t38915 l8941 ls3490">ratio</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38916">50.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38917">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38918">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38919">50.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38920">30.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38915 l38921">30.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38922 l3 ls6383">Terminal </span><span class="pp-class-172 pa t38922 l36321">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l3 ls1217">Growth</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38910">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l8249">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38911">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38912">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38913">2.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38923 l38914">2.5%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l3 ls1853">Pre-tax </span><span class="pp-class-166 pa t38924 l38925 ls234">discount </span><span class="pp-class-166 pa t38924 l38926 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38910">9.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l8249">7.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38911">7.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38912">9.9%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38913">6.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38924 l38914">8.5%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t38927 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t38927 l38818 ls951">analysis</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l3 ls234">Growth </span><span class="pp-class-166 pa t38928 l2294">in </span><span class="pp-class-166 pa t38928 l38325 ls93">budget </span><span class="pp-class-166 pa t38928 l17551">period </span><span class="pp-class-166 pa t38928 l27029">– </span><span class="pp-class-166 pa t38928 l30552 ls187">allowed </span><span class="pp-class-166 pa t38928 l16260">decline </span><span class="pp-class-166 pa t38928 l38929 ls497">(percentage </span><span class="pp-class-166 pa t38928 l38930">points)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38931">19.2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38932">23.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38933">22.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38934">19.9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38935">34.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38928 l38936">3.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l3 ls234">Discount </span><span class="pp-class-166 pa t38937 l13787 ls5905">rate </span><span class="pp-class-166 pa t38937 l29542">– </span><span class="pp-class-166 pa t38937 l23167 ls187">allowed </span><span class="pp-class-166 pa t38937 l38938 ls1528">increase </span><span class="pp-class-166 pa t38937 l8832 ls497">(percentage </span><span class="pp-class-166 pa t38937 l8279">points)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38939">6.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38940">6.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38941">6.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38942">6.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38935">10.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38937 l38936">2.2</span></p></td></tr></table></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t12954 l3">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12962 l3">Only </span><span class="pp-class-166 pa t12962 l38947">goodwill </span><span class="pp-class-166 pa t12962 l38948">arising </span><span class="pp-class-166 pa t12962 l26949 ls267">from </span><span class="pp-class-166 pa t12962 l34937 ls394">business </span><span class="pp-class-166 pa t12962 l38949 ls428">combinations </span><span class="pp-class-166 pa t12962 l35883">is </span><span class="pp-class-166 pa t12962 l29045 ls564">recognised </span><span class="pp-class-166 pa t12962 l27880">in </span><span class="pp-class-166 pa t12962 l38950">the </span><span class="pp-class-166 pa t12962 l38951">financial </span><span class="pp-class-166 pa t12970 l3 ls189">statements. </span><span class="pp-class-166 pa t12970 l21065">Goodwill </span><span class="pp-class-166 pa t12970 l38952">is </span><span class="pp-class-166 pa t12970 l5571 ls1528">measured </span><span class="pp-class-166 pa t12970 l38953">as </span><span class="pp-class-166 pa t12970 l13954">the </span><span class="pp-class-166 pa t12970 l29229 ls4013">difference </span><span class="pp-class-166 pa t12970 l5936 ls946">between </span><span class="pp-class-166 pa t12970 l38954">the </span><span class="pp-class-166 pa t12970 l38955 ls169">total </span><span class="pp-class-166 pa t12970 l38956">of </span><span class="pp-class-166 pa t12970 l38957">the </span><span class="pp-class-166 pa t12977 l3 ls2307">fair </span><span class="pp-class-166 pa t12977 l36332 ls101">value </span><span class="pp-class-166 pa t12977 l9438">of </span><span class="pp-class-166 pa t12977 l38958">the </span><span class="pp-class-166 pa t12977 l36635 ls3782">consideration </span><span class="pp-class-166 pa t12977 l29158 ls1868">transferred, </span><span class="pp-class-166 pa t12977 l38959">the </span><span class="pp-class-166 pa t12977 l38960 ls101">value </span><span class="pp-class-166 pa t12977 l13308">of </span><span class="pp-class-166 pa t12977 l38961 ls2476">non-controlling </span><span class="pp-class-166 pa t12977 l38962 ls7427">inter-</span><span class="pp-class-166 pa t34475 l3 ls461">ests </span><span class="pp-class-166 pa t34475 l38963">and </span><span class="pp-class-166 pa t34475 l38964">any </span><span class="pp-class-166 pa t34475 l5237 ls1701">equity </span><span class="pp-class-166 pa t34475 l38965 ls226">investments </span><span class="pp-class-166 pa t34475 l38966 ls164">previously </span><span class="pp-class-166 pa t34475 l38967">held </span><span class="pp-class-166 pa t34475 l38968">in </span><span class="pp-class-166 pa t34475 l38969">the </span><span class="pp-class-166 pa t34475 l38970 ls702">acquiree, </span><span class="pp-class-166 pa t34475 l38971 ls265">compared </span><span class="pp-class-166 pa t34475 l38972 ls135">to </span><span class="pp-class-166 pa t12981 l3">the </span><span class="pp-class-166 pa t12981 l1913 ls2307">fair </span><span class="pp-class-166 pa t12981 l5006 ls101">value </span><span class="pp-class-166 pa t12981 l7588">of </span><span class="pp-class-166 pa t12981 l36635">identifiable </span><span class="pp-class-166 pa t12981 l19318 ls234">net </span><span class="pp-class-166 pa t12981 l8587 ls4053">assets </span><span class="pp-class-166 pa t12981 l38973">on </span><span class="pp-class-166 pa t12981 l38974">the </span><span class="pp-class-166 pa t12981 l38975 ls1122">date </span><span class="pp-class-166 pa t12981 l27609">of </span><span class="pp-class-166 pa t12981 l38976 ls428">acquisition. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12999 l3">Goodwill </span><span class="pp-class-166 pa t12999 l35194">is </span><span class="pp-class-166 pa t12999 l3351 ls1528">not </span><span class="pp-class-166 pa t12999 l38977 ls1831">amortised, </span><span class="pp-class-166 pa t12999 l38978">but </span><span class="pp-class-166 pa t12999 l30053">is </span><span class="pp-class-166 pa t12999 l25861 ls2870">tested </span><span class="pp-class-166 pa t12999 l3734 ls228">for </span><span class="pp-class-166 pa t12999 l14880">impairment </span><span class="pp-class-166 pa t12999 l11359">at </span><span class="pp-class-166 pa t12999 l10839 ls1575">least </span><span class="pp-class-166 pa t12999 l14289 ls164">annually. </span></p><div class="pp-class-4" id="pp-id-4382" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h39039 pa t2 l3 wtro4 xx4664 tro6 xx4665"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t2723 l39040 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l39041">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l3 ls2275">Intangible </span><span class="pp-class-170 pa t36551 l33806 ls1174">assets</span><span class="pp-class-166 pa t36551 l38287"/><span class="pp-class-166 pa t36551 l39042">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39043">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39044 ls59">Customer </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39045 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39046 ls856">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39047 ls66">Software </span><span class="pp-class-166 pa t36556 l39048">in </span><span class="pp-class-166 pa t36551 l39049 ls1319">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39050 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39051">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39052 ls59">Customer </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39053 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39054 ls856">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39055 ls66">Software </span><span class="pp-class-166 pa t36556 l39056">in </span><span class="pp-class-166 pa t36551 l39057 ls1319">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39058 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l3 ls853">Cost </span><span class="pp-class-166 pa t37387 l8720">at </span><span class="pp-class-166 pa t37387 l861">1 </span><span class="pp-class-166 pa t37387 l11466 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39059">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39060">2,563</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39061">1,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39062">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39063">81,135</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39064">75,774</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39065">2,564</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39066">1,411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39067">364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l37446">80,113</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l3">Additions </span><span class="pp-class-166 pa t39068 l35356 ls267">from </span><span class="pp-class-166 pa t39068 l39069 ls394">business </span><span class="pp-class-166 pa t39068 l11429 ls1217">combinations/previous </span><span class="pp-class-166 pa t39068 l39070">period </span><span class="pp-class-166 pa t39068 l39071 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39059">75,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39060">1,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39072">678</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39073">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39063">77,458</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39076">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l3">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39072">145</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39062">378</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39081">523</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39082">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39083">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39067">297</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39084">337</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l3">Disposals </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39086">(67)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39087">(2)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39088">(69)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39089">(1)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39090">(171)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39091">(7)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39092">(179)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l3 ls19049">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39072">288</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39094">(288)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39095">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39096">298</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39097">(298)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l3 ls187">Currency </span><span class="pp-class-166 pa t39098 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39099">(4,311)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39100">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39101">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39102">(4,273)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39103">864</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39076">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39084">864</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l3 ls15293">Total </span><span class="pp-class-170 pa t39104 l34893 ls2483">cost </span><span class="pp-class-170 pa t39104 l39105 ls1866">at </span><span class="pp-class-170 pa t39104 l39106 ls1866">31 </span><span class="pp-class-170 pa t39104 l39107 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39108 ls1858">147,440</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39109 ls2690">4,190</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39110 ls2690">2,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39111 ls1866">499</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39112 ls1858">154,774</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39113 ls2688">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39114 ls2690">2,563</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39115 ls2690">1,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39116 ls1866">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l37434 ls2688">81,135</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l3 ls3686">Total </span><span class="pp-class-166 pa t39117 l8908 ls492">amortisation </span><span class="pp-class-166 pa t39117 l39118">and </span><span class="pp-class-166 pa t39117 l39119">impairment </span><span class="pp-class-166 pa t39117 l22314">at </span><span class="pp-class-166 pa t39117 l39120">1 </span><span class="pp-class-166 pa t39117 l29347 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39060">2,279</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39072">979</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39122">3,258</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39065">2,149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39096">858</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l37440">3,007</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l3 ls492">Amortisation </span><span class="pp-class-166 pa t39123 l13190 ls228">for </span><span class="pp-class-166 pa t39123 l39124">the </span><span class="pp-class-166 pa t39123 l39125 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39126">331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39072">268</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39081">599</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39127">131</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39096">180</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39084">311</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l3">Disposals </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39086">(37)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39088">(37)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39089">(1)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39129">(59)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39130">(60)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l3 ls15293">Total </span><span class="pp-class-170 pa t39131 l34893 ls6798">amortisation </span><span class="pp-class-170 pa t39131 l39132 ls1853">and </span><span class="pp-class-170 pa t39131 l39133 ls2282">impairment </span><span class="pp-class-170 pa t39131 l39134 ls1866">at </span><span class="pp-class-170 pa t39131 l39135 ls1866">31 </span><span class="pp-class-170 pa t39131 l39136 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39137">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39109 ls2690">2,610</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39110 ls2690">1,210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39138">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39139 ls2690">3,820</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39140">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39114 ls2690">2,279</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39141 ls1866">979</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39142">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39143 ls2690">3,258</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l3 ls228">Carrying </span><span class="pp-class-170 pa t39144 l20159 ls1858">amount </span><span class="pp-class-170 pa t39144 l39145 ls1866">at </span><span class="pp-class-170 pa t39144 l39146 ls1866">31 </span><span class="pp-class-170 pa t39144 l39147 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39108 ls1858">147,440</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39109 ls2690">1,580</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39110 ls2690">1,435</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39111 ls1866">499</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39112 ls1858">150,954</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39113 ls2688">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39148 ls1866">284</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39141 ls1866">592</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39116 ls1866">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l37434 ls2688">77,877</span></p></td></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38406 l3 ls1180">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38407 l3">The </span><span class="pp-class-166 pa t38407 l1525 ls205">carrying </span><span class="pp-class-166 pa t38407 l38408">amount </span><span class="pp-class-166 pa t38407 l5440">of </span><span class="pp-class-166 pa t38407 l38409">goodwill </span><span class="pp-class-166 pa t38407 l38410">is </span><span class="pp-class-166 pa t38407 l38411 ls2870">tested </span><span class="pp-class-166 pa t38407 l38412 ls228">for </span><span class="pp-class-166 pa t38407 l3767">impairment </span><span class="pp-class-166 pa t38407 l8668">at </span><span class="pp-class-166 pa t38407 l5446 ls1575">least </span><span class="pp-class-166 pa t38407 l38413">annually </span><span class="pp-class-166 pa t38414 l3 ls59">together </span><span class="pp-class-166 pa t38414 l38415">with </span><span class="pp-class-166 pa t38414 l38416 ls75">other </span><span class="pp-class-166 pa t38414 l30294 ls946">non-current </span><span class="pp-class-166 pa t38414 l38417 ls4053">assets </span><span class="pp-class-166 pa t38414 l10361">of </span><span class="pp-class-166 pa t38414 l11498">the </span><span class="pp-class-166 pa t38414 l38418 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38419 l3">The </span><span class="pp-class-166 pa t38419 l1525 ls977">cash-generating </span><span class="pp-class-166 pa t38419 l5440">units </span><span class="pp-class-166 pa t38419 l9396 ls856">thereby </span><span class="pp-class-166 pa t38419 l20609 ls564">follow </span><span class="pp-class-166 pa t38419 l17248">our </span><span class="pp-class-166 pa t38419 l38420">divisional </span><span class="pp-class-166 pa t38419 l38421 ls70">structure: </span><span class="pp-class-166 pa t38419 l1899">Air </span><span class="pp-class-166 pa t38419 l6229">&amp; </span><span class="pp-class-166 pa t38419 l38422 ls48">Sea, </span><span class="pp-class-166 pa t38423 l3 ls1122">Road </span><span class="pp-class-166 pa t38423 l616">and </span><span class="pp-class-166 pa t38423 l38424 ls461">Contract </span><span class="pp-class-166 pa t38423 l38425 ls101">Logistics.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38426 l3">The </span><span class="pp-class-166 pa t38426 l1525 ls4372">recoverable </span><span class="pp-class-166 pa t38426 l10509">amount </span><span class="pp-class-166 pa t38426 l16162">is </span><span class="pp-class-166 pa t38426 l19324 ls2022">determined </span><span class="pp-class-166 pa t38426 l38427">as </span><span class="pp-class-166 pa t38426 l38428">the </span><span class="pp-class-166 pa t38426 l38429 ls856">present </span><span class="pp-class-166 pa t38426 l38430 ls101">value </span><span class="pp-class-166 pa t38426 l16328">of </span><span class="pp-class-166 pa t38426 l38431">the </span><span class="pp-class-166 pa t38426 l11472 ls946">discounted </span><span class="pp-class-166 pa t38432 l3 ls564">future </span><span class="pp-class-166 pa t38432 l9041 ls234">net </span><span class="pp-class-166 pa t38432 l11997 ls923">cash </span><span class="pp-class-166 pa t38432 l12058">flow </span><span class="pp-class-166 pa t38432 l38433 ls267">from </span><span class="pp-class-166 pa t38432 l38434">the </span><span class="pp-class-166 pa t38432 l32440 ls977">cash-generating </span><span class="pp-class-166 pa t38432 l38435">unit </span><span class="pp-class-166 pa t38432 l5936 ls135">to </span><span class="pp-class-166 pa t38432 l38436">which </span><span class="pp-class-166 pa t38432 l19972">the </span><span class="pp-class-166 pa t38432 l38437">goodwill </span><span class="pp-class-166 pa t38438 l3 ls265">relates. </span><span class="pp-class-166 pa t38438 l34443">In </span><span class="pp-class-166 pa t38438 l38439 ls226">calculating </span><span class="pp-class-166 pa t38438 l32784">the </span><span class="pp-class-166 pa t38438 l33542 ls856">present </span><span class="pp-class-166 pa t38438 l22288 ls239">value, </span><span class="pp-class-166 pa t38438 l36268 ls234">discount </span><span class="pp-class-166 pa t38438 l38440 ls54">rates </span><span class="pp-class-166 pa t38438 l38441 ls228">are </span><span class="pp-class-166 pa t38438 l18742">applied </span><span class="pp-class-166 pa t38438 l20650 ls556">reflecting </span><span class="pp-class-166 pa t38442 l3">the </span><span class="pp-class-166 pa t38442 l1913 ls851">risk-free </span><span class="pp-class-166 pa t38442 l16279 ls135">interest </span><span class="pp-class-166 pa t38442 l38443 ls5905">rate </span><span class="pp-class-166 pa t38442 l37116">with </span><span class="pp-class-166 pa t38442 l38444">the </span><span class="pp-class-166 pa t38442 l38445">addition </span><span class="pp-class-166 pa t38442 l38446">of </span><span class="pp-class-166 pa t38442 l5826">the </span><span class="pp-class-166 pa t38442 l38447 ls495">market </span><span class="pp-class-166 pa t38442 l10815">risk </span><span class="pp-class-166 pa t38442 l38448 ls856">premium </span><span class="pp-class-166 pa t38449 l3 ls66">relating </span><span class="pp-class-166 pa t38449 l1943 ls135">to </span><span class="pp-class-166 pa t38449 l1759">the </span><span class="pp-class-166 pa t38449 l38450">individual </span><span class="pp-class-166 pa t38449 l38451 ls977">cash-generating </span><span class="pp-class-166 pa t38449 l32922">units, </span><span class="pp-class-166 pa t38449 l38452">such </span><span class="pp-class-166 pa t38449 l38453">as </span><span class="pp-class-166 pa t38449 l38454 ls2022">geographical </span><span class="pp-class-166 pa t38449 l38455">and </span><span class="pp-class-166 pa t38456 l3">financial </span><span class="pp-class-166 pa t38456 l8394 ls1502">exposure.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38457 l3 ls1462">Other </span><span class="pp-class-170 pa t38457 l38458 ls10408">non-current </span><span class="pp-class-170 pa t38457 l38459 ls26738">intangible </span><span class="pp-class-170 pa t38457 l38460 ls10402">assets </span><span class="pp-class-170 pa t38457 l38461 ls2257">and </span><span class="pp-class-170 pa t38457 l38462 ls10735">property, </span><span class="pp-class-170 pa t38457 l38463 ls1462">plant </span><span class="pp-class-170 pa t38457 l38464 ls2257">and </span><span class="pp-class-170 pa t38457 l38465 ls28862">equipment</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38466 l3">The </span><span class="pp-class-166 pa t38466 l1525 ls205">carrying </span><span class="pp-class-166 pa t38466 l38408">amount </span><span class="pp-class-166 pa t38466 l5440">of </span><span class="pp-class-166 pa t38466 l38409 ls75">other </span><span class="pp-class-166 pa t38466 l29490 ls946">non-current </span><span class="pp-class-166 pa t38466 l38467 ls4053">assets </span><span class="pp-class-166 pa t38466 l9891">is </span><span class="pp-class-166 pa t38466 l38468 ls2870">tested </span><span class="pp-class-166 pa t38466 l34184 ls228">for </span><span class="pp-class-166 pa t38466 l2368">impairment </span><span class="pp-class-166 pa t38466 l38469">at </span><span class="pp-class-166 pa t38470 l3 ls1575">least </span><span class="pp-class-166 pa t38470 l3638 ls1122">once </span><span class="pp-class-166 pa t38470 l13585">a </span><span class="pp-class-166 pa t38470 l7227 ls48">year </span><span class="pp-class-166 pa t38470 l38151">in </span><span class="pp-class-166 pa t38470 l38471 ls1435">connection </span><span class="pp-class-166 pa t38470 l38472">with </span><span class="pp-class-166 pa t38470 l19376">the </span><span class="pp-class-166 pa t38470 l23852">impairment </span><span class="pp-class-166 pa t38470 l26450 ls3490">test </span><span class="pp-class-166 pa t38470 l38473">of </span><span class="pp-class-166 pa t38470 l38474">goodwill. </span><span class="pp-class-166 pa t38470 l38475">If </span><span class="pp-class-166 pa t38470 l38476">the </span><span class="pp-class-166 pa t38477 l3 ls1129">tests </span><span class="pp-class-166 pa t38477 l14742">show </span><span class="pp-class-166 pa t38477 l20697 ls234">evidence </span><span class="pp-class-166 pa t38477 l21658">of </span><span class="pp-class-166 pa t38477 l38478 ls8280">impairment, </span><span class="pp-class-166 pa t38477 l38479">the </span><span class="pp-class-166 pa t38477 l38480 ls1428">asset </span><span class="pp-class-166 pa t38477 l38481">is </span><span class="pp-class-166 pa t38477 l38482 ls187">written </span><span class="pp-class-166 pa t38477 l32798">down </span><span class="pp-class-166 pa t38477 l38483 ls135">to </span><span class="pp-class-166 pa t38477 l38484">the </span><span class="pp-class-166 pa t38477 l38485 ls2688">recovera-</span><span class="pp-class-166 pa t38486 l3">ble </span><span class="pp-class-166 pa t38486 l19474">amount </span><span class="pp-class-166 pa t38486 l38487 ls856">through </span><span class="pp-class-166 pa t38486 l38488 ls564">profit </span><span class="pp-class-166 pa t38486 l38489">or </span><span class="pp-class-166 pa t38486 l38490 ls101">loss. </span><span class="pp-class-166 pa t38486 l32295">The </span><span class="pp-class-166 pa t38486 l26577 ls4372">recoverable </span><span class="pp-class-166 pa t38486 l38491">amount </span><span class="pp-class-166 pa t38486 l38492">is </span><span class="pp-class-166 pa t38486 l38493">the </span><span class="pp-class-166 pa t38486 l38494">higher </span><span class="pp-class-166 pa t38486 l38495">of </span><span class="pp-class-166 pa t38496 l3">the </span><span class="pp-class-166 pa t38496 l1913 ls2307">fair </span><span class="pp-class-166 pa t38496 l5006 ls101">value </span><span class="pp-class-166 pa t38496 l7588">of </span><span class="pp-class-166 pa t38496 l36635">the </span><span class="pp-class-166 pa t38496 l12099 ls1428">asset </span><span class="pp-class-166 pa t38496 l38497 ls48">less </span><span class="pp-class-166 pa t38496 l38498">the </span><span class="pp-class-166 pa t38496 l38499 ls70">expected </span><span class="pp-class-166 pa t38496 l38500 ls1129">costs </span><span class="pp-class-166 pa t38496 l38501 ls135">to </span><span class="pp-class-166 pa t38496 l38502">sell </span><span class="pp-class-166 pa t38496 l38503">and </span><span class="pp-class-166 pa t38496 l14434">its </span><span class="pp-class-166 pa t38496 l38504 ls101">value </span><span class="pp-class-166 pa t38496 l38505">in </span><span class="pp-class-166 pa t38496 l38506">use.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38507 l3">The </span><span class="pp-class-166 pa t38507 l1525 ls101">value </span><span class="pp-class-166 pa t38507 l34625">in </span><span class="pp-class-166 pa t38507 l34353">use </span><span class="pp-class-166 pa t38507 l38508">is </span><span class="pp-class-166 pa t38507 l38509 ls2022">calculated </span><span class="pp-class-166 pa t38507 l38510">as </span><span class="pp-class-166 pa t38507 l38511">the </span><span class="pp-class-166 pa t38507 l37708 ls856">present </span><span class="pp-class-166 pa t38507 l38512 ls101">value </span><span class="pp-class-166 pa t38507 l38513">of </span><span class="pp-class-166 pa t38507 l38514 ls70">expected </span><span class="pp-class-166 pa t38507 l38515 ls564">future </span><span class="pp-class-166 pa t38507 l38516 ls923">cash </span><span class="pp-class-166 pa t38517 l3">flows </span><span class="pp-class-166 pa t38517 l36968 ls267">from </span><span class="pp-class-166 pa t38517 l4180">the </span><span class="pp-class-166 pa t38517 l34497 ls1428">asset </span><span class="pp-class-166 pa t38517 l38518">or </span><span class="pp-class-166 pa t38517 l38519">the </span><span class="pp-class-166 pa t38517 l38520">division </span><span class="pp-class-166 pa t38517 l5545">of </span><span class="pp-class-166 pa t38517 l38521">which </span><span class="pp-class-166 pa t38517 l38522">the </span><span class="pp-class-166 pa t38517 l38523 ls1428">asset </span><span class="pp-class-166 pa t38517 l38524 ls497">forms </span><span class="pp-class-166 pa t38517 l10986 ls38525">part.</span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38406 l3 ls1180">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38407 l3">The </span><span class="pp-class-166 pa t38407 l1525 ls205">carrying </span><span class="pp-class-166 pa t38407 l38408">amount </span><span class="pp-class-166 pa t38407 l5440">of </span><span class="pp-class-166 pa t38407 l38409">goodwill </span><span class="pp-class-166 pa t38407 l38410">is </span><span class="pp-class-166 pa t38407 l38411 ls2870">tested </span><span class="pp-class-166 pa t38407 l38412 ls228">for </span><span class="pp-class-166 pa t38407 l3767">impairment </span><span class="pp-class-166 pa t38407 l8668">at </span><span class="pp-class-166 pa t38407 l5446 ls1575">least </span><span class="pp-class-166 pa t38407 l38413">annually </span><span class="pp-class-166 pa t38414 l3 ls59">together </span><span class="pp-class-166 pa t38414 l38415">with </span><span class="pp-class-166 pa t38414 l38416 ls75">other </span><span class="pp-class-166 pa t38414 l30294 ls946">non-current </span><span class="pp-class-166 pa t38414 l38417 ls4053">assets </span><span class="pp-class-166 pa t38414 l10361">of </span><span class="pp-class-166 pa t38414 l11498">the </span><span class="pp-class-166 pa t38414 l38418 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38419 l3">The </span><span class="pp-class-166 pa t38419 l1525 ls977">cash-generating </span><span class="pp-class-166 pa t38419 l5440">units </span><span class="pp-class-166 pa t38419 l9396 ls856">thereby </span><span class="pp-class-166 pa t38419 l20609 ls564">follow </span><span class="pp-class-166 pa t38419 l17248">our </span><span class="pp-class-166 pa t38419 l38420">divisional </span><span class="pp-class-166 pa t38419 l38421 ls70">structure: </span><span class="pp-class-166 pa t38419 l1899">Air </span><span class="pp-class-166 pa t38419 l6229">&amp; </span><span class="pp-class-166 pa t38419 l38422 ls48">Sea, </span><span class="pp-class-166 pa t38423 l3 ls1122">Road </span><span class="pp-class-166 pa t38423 l616">and </span><span class="pp-class-166 pa t38423 l38424 ls461">Contract </span><span class="pp-class-166 pa t38423 l38425 ls101">Logistics.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38426 l3">The </span><span class="pp-class-166 pa t38426 l1525 ls4372">recoverable </span><span class="pp-class-166 pa t38426 l10509">amount </span><span class="pp-class-166 pa t38426 l16162">is </span><span class="pp-class-166 pa t38426 l19324 ls2022">determined </span><span class="pp-class-166 pa t38426 l38427">as </span><span class="pp-class-166 pa t38426 l38428">the </span><span class="pp-class-166 pa t38426 l38429 ls856">present </span><span class="pp-class-166 pa t38426 l38430 ls101">value </span><span class="pp-class-166 pa t38426 l16328">of </span><span class="pp-class-166 pa t38426 l38431">the </span><span class="pp-class-166 pa t38426 l11472 ls946">discounted </span><span class="pp-class-166 pa t38432 l3 ls564">future </span><span class="pp-class-166 pa t38432 l9041 ls234">net </span><span class="pp-class-166 pa t38432 l11997 ls923">cash </span><span class="pp-class-166 pa t38432 l12058">flow </span><span class="pp-class-166 pa t38432 l38433 ls267">from </span><span class="pp-class-166 pa t38432 l38434">the </span><span class="pp-class-166 pa t38432 l32440 ls977">cash-generating </span><span class="pp-class-166 pa t38432 l38435">unit </span><span class="pp-class-166 pa t38432 l5936 ls135">to </span><span class="pp-class-166 pa t38432 l38436">which </span><span class="pp-class-166 pa t38432 l19972">the </span><span class="pp-class-166 pa t38432 l38437">goodwill </span><span class="pp-class-166 pa t38438 l3 ls265">relates. </span><span class="pp-class-166 pa t38438 l34443">In </span><span class="pp-class-166 pa t38438 l38439 ls226">calculating </span><span class="pp-class-166 pa t38438 l32784">the </span><span class="pp-class-166 pa t38438 l33542 ls856">present </span><span class="pp-class-166 pa t38438 l22288 ls239">value, </span><span class="pp-class-166 pa t38438 l36268 ls234">discount </span><span class="pp-class-166 pa t38438 l38440 ls54">rates </span><span class="pp-class-166 pa t38438 l38441 ls228">are </span><span class="pp-class-166 pa t38438 l18742">applied </span><span class="pp-class-166 pa t38438 l20650 ls556">reflecting </span><span class="pp-class-166 pa t38442 l3">the </span><span class="pp-class-166 pa t38442 l1913 ls851">risk-free </span><span class="pp-class-166 pa t38442 l16279 ls135">interest </span><span class="pp-class-166 pa t38442 l38443 ls5905">rate </span><span class="pp-class-166 pa t38442 l37116">with </span><span class="pp-class-166 pa t38442 l38444">the </span><span class="pp-class-166 pa t38442 l38445">addition </span><span class="pp-class-166 pa t38442 l38446">of </span><span class="pp-class-166 pa t38442 l5826">the </span><span class="pp-class-166 pa t38442 l38447 ls495">market </span><span class="pp-class-166 pa t38442 l10815">risk </span><span class="pp-class-166 pa t38442 l38448 ls856">premium </span><span class="pp-class-166 pa t38449 l3 ls66">relating </span><span class="pp-class-166 pa t38449 l1943 ls135">to </span><span class="pp-class-166 pa t38449 l1759">the </span><span class="pp-class-166 pa t38449 l38450">individual </span><span class="pp-class-166 pa t38449 l38451 ls977">cash-generating </span><span class="pp-class-166 pa t38449 l32922">units, </span><span class="pp-class-166 pa t38449 l38452">such </span><span class="pp-class-166 pa t38449 l38453">as </span><span class="pp-class-166 pa t38449 l38454 ls2022">geographical </span><span class="pp-class-166 pa t38449 l38455">and </span><span class="pp-class-166 pa t38456 l3">financial </span><span class="pp-class-166 pa t38456 l8394 ls1502">exposure.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t38457 l3 ls1462">Other </span><span class="pp-class-170 pa t38457 l38458 ls10408">non-current </span><span class="pp-class-170 pa t38457 l38459 ls26738">intangible </span><span class="pp-class-170 pa t38457 l38460 ls10402">assets </span><span class="pp-class-170 pa t38457 l38461 ls2257">and </span><span class="pp-class-170 pa t38457 l38462 ls10735">property, </span><span class="pp-class-170 pa t38457 l38463 ls1462">plant </span><span class="pp-class-170 pa t38457 l38464 ls2257">and </span><span class="pp-class-170 pa t38457 l38465 ls28862">equipment</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38466 l3">The </span><span class="pp-class-166 pa t38466 l1525 ls205">carrying </span><span class="pp-class-166 pa t38466 l38408">amount </span><span class="pp-class-166 pa t38466 l5440">of </span><span class="pp-class-166 pa t38466 l38409 ls75">other </span><span class="pp-class-166 pa t38466 l29490 ls946">non-current </span><span class="pp-class-166 pa t38466 l38467 ls4053">assets </span><span class="pp-class-166 pa t38466 l9891">is </span><span class="pp-class-166 pa t38466 l38468 ls2870">tested </span><span class="pp-class-166 pa t38466 l34184 ls228">for </span><span class="pp-class-166 pa t38466 l2368">impairment </span><span class="pp-class-166 pa t38466 l38469">at </span><span class="pp-class-166 pa t38470 l3 ls1575">least </span><span class="pp-class-166 pa t38470 l3638 ls1122">once </span><span class="pp-class-166 pa t38470 l13585">a </span><span class="pp-class-166 pa t38470 l7227 ls48">year </span><span class="pp-class-166 pa t38470 l38151">in </span><span class="pp-class-166 pa t38470 l38471 ls1435">connection </span><span class="pp-class-166 pa t38470 l38472">with </span><span class="pp-class-166 pa t38470 l19376">the </span><span class="pp-class-166 pa t38470 l23852">impairment </span><span class="pp-class-166 pa t38470 l26450 ls3490">test </span><span class="pp-class-166 pa t38470 l38473">of </span><span class="pp-class-166 pa t38470 l38474">goodwill. </span><span class="pp-class-166 pa t38470 l38475">If </span><span class="pp-class-166 pa t38470 l38476">the </span><span class="pp-class-166 pa t38477 l3 ls1129">tests </span><span class="pp-class-166 pa t38477 l14742">show </span><span class="pp-class-166 pa t38477 l20697 ls234">evidence </span><span class="pp-class-166 pa t38477 l21658">of </span><span class="pp-class-166 pa t38477 l38478 ls8280">impairment, </span><span class="pp-class-166 pa t38477 l38479">the </span><span class="pp-class-166 pa t38477 l38480 ls1428">asset </span><span class="pp-class-166 pa t38477 l38481">is </span><span class="pp-class-166 pa t38477 l38482 ls187">written </span><span class="pp-class-166 pa t38477 l32798">down </span><span class="pp-class-166 pa t38477 l38483 ls135">to </span><span class="pp-class-166 pa t38477 l38484">the </span><span class="pp-class-166 pa t38477 l38485 ls2688">recovera-</span><span class="pp-class-166 pa t38486 l3">ble </span><span class="pp-class-166 pa t38486 l19474">amount </span><span class="pp-class-166 pa t38486 l38487 ls856">through </span><span class="pp-class-166 pa t38486 l38488 ls564">profit </span><span class="pp-class-166 pa t38486 l38489">or </span><span class="pp-class-166 pa t38486 l38490 ls101">loss. </span><span class="pp-class-166 pa t38486 l32295">The </span><span class="pp-class-166 pa t38486 l26577 ls4372">recoverable </span><span class="pp-class-166 pa t38486 l38491">amount </span><span class="pp-class-166 pa t38486 l38492">is </span><span class="pp-class-166 pa t38486 l38493">the </span><span class="pp-class-166 pa t38486 l38494">higher </span><span class="pp-class-166 pa t38486 l38495">of </span><span class="pp-class-166 pa t38496 l3">the </span><span class="pp-class-166 pa t38496 l1913 ls2307">fair </span><span class="pp-class-166 pa t38496 l5006 ls101">value </span><span class="pp-class-166 pa t38496 l7588">of </span><span class="pp-class-166 pa t38496 l36635">the </span><span class="pp-class-166 pa t38496 l12099 ls1428">asset </span><span class="pp-class-166 pa t38496 l38497 ls48">less </span><span class="pp-class-166 pa t38496 l38498">the </span><span class="pp-class-166 pa t38496 l38499 ls70">expected </span><span class="pp-class-166 pa t38496 l38500 ls1129">costs </span><span class="pp-class-166 pa t38496 l38501 ls135">to </span><span class="pp-class-166 pa t38496 l38502">sell </span><span class="pp-class-166 pa t38496 l38503">and </span><span class="pp-class-166 pa t38496 l14434">its </span><span class="pp-class-166 pa t38496 l38504 ls101">value </span><span class="pp-class-166 pa t38496 l38505">in </span><span class="pp-class-166 pa t38496 l38506">use.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38507 l3">The </span><span class="pp-class-166 pa t38507 l1525 ls101">value </span><span class="pp-class-166 pa t38507 l34625">in </span><span class="pp-class-166 pa t38507 l34353">use </span><span class="pp-class-166 pa t38507 l38508">is </span><span class="pp-class-166 pa t38507 l38509 ls2022">calculated </span><span class="pp-class-166 pa t38507 l38510">as </span><span class="pp-class-166 pa t38507 l38511">the </span><span class="pp-class-166 pa t38507 l37708 ls856">present </span><span class="pp-class-166 pa t38507 l38512 ls101">value </span><span class="pp-class-166 pa t38507 l38513">of </span><span class="pp-class-166 pa t38507 l38514 ls70">expected </span><span class="pp-class-166 pa t38507 l38515 ls564">future </span><span class="pp-class-166 pa t38507 l38516 ls923">cash </span><span class="pp-class-166 pa t38517 l3">flows </span><span class="pp-class-166 pa t38517 l36968 ls267">from </span><span class="pp-class-166 pa t38517 l4180">the </span><span class="pp-class-166 pa t38517 l34497 ls1428">asset </span><span class="pp-class-166 pa t38517 l38518">or </span><span class="pp-class-166 pa t38517 l38519">the </span><span class="pp-class-166 pa t38517 l38520">division </span><span class="pp-class-166 pa t38517 l5545">of </span><span class="pp-class-166 pa t38517 l38521">which </span><span class="pp-class-166 pa t38517 l38522">the </span><span class="pp-class-166 pa t38517 l38523 ls1428">asset </span><span class="pp-class-166 pa t38517 l38524 ls497">forms </span><span class="pp-class-166 pa t38517 l10986 ls38525">part.</span></p> <div class="pp-class-4" id="pp-id-4378" xmlns="http://www.w3.org/1999/xhtml"><div class="w38943 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.2 </span><span class="pp-class-169 pa t254 l37093 ls21104">Intangible </span><span class="pp-class-169 pa t254 l38944 ls38945">assets</span></p></div></div><div class="pp-class-4" id="pp-id-4379" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38946 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t12934 l3 ls5287">Accounting </span><span class="pp-class-170 pa t12934 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t12954 l3">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12962 l3">Only </span><span class="pp-class-166 pa t12962 l38947">goodwill </span><span class="pp-class-166 pa t12962 l38948">arising </span><span class="pp-class-166 pa t12962 l26949 ls267">from </span><span class="pp-class-166 pa t12962 l34937 ls394">business </span><span class="pp-class-166 pa t12962 l38949 ls428">combinations </span><span class="pp-class-166 pa t12962 l35883">is </span><span class="pp-class-166 pa t12962 l29045 ls564">recognised </span><span class="pp-class-166 pa t12962 l27880">in </span><span class="pp-class-166 pa t12962 l38950">the </span><span class="pp-class-166 pa t12962 l38951">financial </span><span class="pp-class-166 pa t12970 l3 ls189">statements. </span><span class="pp-class-166 pa t12970 l21065">Goodwill </span><span class="pp-class-166 pa t12970 l38952">is </span><span class="pp-class-166 pa t12970 l5571 ls1528">measured </span><span class="pp-class-166 pa t12970 l38953">as </span><span class="pp-class-166 pa t12970 l13954">the </span><span class="pp-class-166 pa t12970 l29229 ls4013">difference </span><span class="pp-class-166 pa t12970 l5936 ls946">between </span><span class="pp-class-166 pa t12970 l38954">the </span><span class="pp-class-166 pa t12970 l38955 ls169">total </span><span class="pp-class-166 pa t12970 l38956">of </span><span class="pp-class-166 pa t12970 l38957">the </span><span class="pp-class-166 pa t12977 l3 ls2307">fair </span><span class="pp-class-166 pa t12977 l36332 ls101">value </span><span class="pp-class-166 pa t12977 l9438">of </span><span class="pp-class-166 pa t12977 l38958">the </span><span class="pp-class-166 pa t12977 l36635 ls3782">consideration </span><span class="pp-class-166 pa t12977 l29158 ls1868">transferred, </span><span class="pp-class-166 pa t12977 l38959">the </span><span class="pp-class-166 pa t12977 l38960 ls101">value </span><span class="pp-class-166 pa t12977 l13308">of </span><span class="pp-class-166 pa t12977 l38961 ls2476">non-controlling </span><span class="pp-class-166 pa t12977 l38962 ls7427">inter-</span><span class="pp-class-166 pa t34475 l3 ls461">ests </span><span class="pp-class-166 pa t34475 l38963">and </span><span class="pp-class-166 pa t34475 l38964">any </span><span class="pp-class-166 pa t34475 l5237 ls1701">equity </span><span class="pp-class-166 pa t34475 l38965 ls226">investments </span><span class="pp-class-166 pa t34475 l38966 ls164">previously </span><span class="pp-class-166 pa t34475 l38967">held </span><span class="pp-class-166 pa t34475 l38968">in </span><span class="pp-class-166 pa t34475 l38969">the </span><span class="pp-class-166 pa t34475 l38970 ls702">acquiree, </span><span class="pp-class-166 pa t34475 l38971 ls265">compared </span><span class="pp-class-166 pa t34475 l38972 ls135">to </span><span class="pp-class-166 pa t12981 l3">the </span><span class="pp-class-166 pa t12981 l1913 ls2307">fair </span><span class="pp-class-166 pa t12981 l5006 ls101">value </span><span class="pp-class-166 pa t12981 l7588">of </span><span class="pp-class-166 pa t12981 l36635">identifiable </span><span class="pp-class-166 pa t12981 l19318 ls234">net </span><span class="pp-class-166 pa t12981 l8587 ls4053">assets </span><span class="pp-class-166 pa t12981 l38973">on </span><span class="pp-class-166 pa t12981 l38974">the </span><span class="pp-class-166 pa t12981 l38975 ls1122">date </span><span class="pp-class-166 pa t12981 l27609">of </span><span class="pp-class-166 pa t12981 l38976 ls428">acquisition. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12999 l3">Goodwill </span><span class="pp-class-166 pa t12999 l35194">is </span><span class="pp-class-166 pa t12999 l3351 ls1528">not </span><span class="pp-class-166 pa t12999 l38977 ls1831">amortised, </span><span class="pp-class-166 pa t12999 l38978">but </span><span class="pp-class-166 pa t12999 l30053">is </span><span class="pp-class-166 pa t12999 l25861 ls2870">tested </span><span class="pp-class-166 pa t12999 l3734 ls228">for </span><span class="pp-class-166 pa t12999 l14880">impairment </span><span class="pp-class-166 pa t12999 l11359">at </span><span class="pp-class-166 pa t12999 l10839 ls1575">least </span><span class="pp-class-166 pa t12999 l14289 ls164">annually. </span></p></div></div><div class="pp-class-4" id="pp-id-4380" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls2540">Customer </span><span class="pp-class-172 pa t3330 l38979 ls740">relationships</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3">On </span><span class="pp-class-166 pa t3338 l9340">initial </span><span class="pp-class-166 pa t3338 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3338 l36596 ls740">customer </span><span class="pp-class-166 pa t3338 l38980 ls180">relationships </span><span class="pp-class-166 pa t3338 l38981">identified </span><span class="pp-class-166 pa t3338 l38982 ls267">from </span><span class="pp-class-166 pa t3338 l38983 ls394">business </span><span class="pp-class-166 pa t3338 l38984 ls614">com-</span><span class="pp-class-166 pa t3348 l3">binations </span><span class="pp-class-166 pa t3348 l10343 ls228">are </span><span class="pp-class-166 pa t3348 l7039 ls564">recognised </span><span class="pp-class-166 pa t3348 l390">in </span><span class="pp-class-166 pa t3348 l9748">the </span><span class="pp-class-166 pa t3348 l14206 ls1122">statement </span><span class="pp-class-166 pa t3348 l17537">of </span><span class="pp-class-166 pa t3348 l18882">financial </span><span class="pp-class-166 pa t3348 l38985">position </span><span class="pp-class-166 pa t3348 l38986">at </span><span class="pp-class-166 pa t3348 l38987 ls2307">fair </span><span class="pp-class-166 pa t3348 l1576 ls239">value. </span><span class="pp-class-166 pa t3360 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3360 l21599 ls740">customer </span><span class="pp-class-166 pa t3360 l38988 ls180">relationships </span><span class="pp-class-166 pa t3360 l38989 ls228">are </span><span class="pp-class-166 pa t3360 l38990 ls1528">measured </span><span class="pp-class-166 pa t3360 l38991">at </span><span class="pp-class-166 pa t3360 l13928 ls3490">cost </span><span class="pp-class-166 pa t3360 l38992 ls48">less </span><span class="pp-class-166 pa t3360 l38993 ls189">accumulated </span><span class="pp-class-166 pa t3373 l3 ls492">amortisation </span><span class="pp-class-166 pa t3373 l14532">and </span><span class="pp-class-166 pa t3373 l38994">impairment </span><span class="pp-class-166 pa t3373 l11 ls455">losses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls59">Customer </span><span class="pp-class-166 pa t3375 l15471 ls180">relationships </span><span class="pp-class-166 pa t3375 l5666 ls228">are </span><span class="pp-class-166 pa t3375 l15381 ls2179">amortised </span><span class="pp-class-166 pa t3375 l38995 ls48">over </span><span class="pp-class-166 pa t3375 l14535">a </span><span class="pp-class-166 pa t3375 l38996">period </span><span class="pp-class-166 pa t3375 l38997">of </span><span class="pp-class-166 pa t3375 l38998">eight </span><span class="pp-class-166 pa t3375 l38999 ls101">years </span><span class="pp-class-166 pa t3375 l39000">using </span><span class="pp-class-166 pa t3375 l39001">the </span><span class="pp-class-166 pa t3387 l3">diminishing </span><span class="pp-class-166 pa t3387 l39002 ls187">balance </span><span class="pp-class-166 pa t3387 l34249 ls93">method.</span></p></div></div><div class="pp-class-4" id="pp-id-4381" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls495">Software </span><span class="pp-class-172 pa t3330 l11153">and </span><span class="pp-class-172 pa t3330 l30019 ls495">software </span><span class="pp-class-172 pa t3330 l39003">in </span><span class="pp-class-172 pa t3330 l5016 ls1498">progress</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3 ls66">Software </span><span class="pp-class-166 pa t3338 l10749">bought </span><span class="pp-class-166 pa t3338 l39004">or </span><span class="pp-class-166 pa t3338 l39005 ls394">developed </span><span class="pp-class-166 pa t3338 l12865 ls228">for </span><span class="pp-class-166 pa t3338 l39006 ls234">internal </span><span class="pp-class-166 pa t3338 l39007">use </span><span class="pp-class-166 pa t3338 l39008">is </span><span class="pp-class-166 pa t3338 l39009 ls1528">measured </span><span class="pp-class-166 pa t3338 l39010">at </span><span class="pp-class-166 pa t3338 l39011">the </span><span class="pp-class-166 pa t3338 l38533 ls189">lower </span><span class="pp-class-166 pa t3338 l39012">of </span><span class="pp-class-166 pa t3348 l3 ls3490">cost </span><span class="pp-class-166 pa t3348 l10527 ls48">less </span><span class="pp-class-166 pa t3348 l7164 ls189">accumulated </span><span class="pp-class-166 pa t3348 l13358 ls492">amortisation </span><span class="pp-class-166 pa t3348 l3007">and </span><span class="pp-class-166 pa t3348 l10328">impairment </span><span class="pp-class-166 pa t3348 l39013 ls239">losses </span><span class="pp-class-166 pa t3348 l20977">and </span><span class="pp-class-166 pa t3348 l39014">the </span><span class="pp-class-166 pa t3348 l34027 ls4372">recoverable </span><span class="pp-class-166 pa t3360 l3 ls12199">amount. </span><span class="pp-class-166 pa t3360 l17851 ls853">Cost </span><span class="pp-class-166 pa t3360 l39015 ls1428">comprises </span><span class="pp-class-166 pa t3360 l37587">payments </span><span class="pp-class-166 pa t3360 l31323 ls228">for </span><span class="pp-class-166 pa t3360 l28569">the </span><span class="pp-class-166 pa t3360 l39016 ls66">software </span><span class="pp-class-166 pa t3360 l39017">and </span><span class="pp-class-166 pa t3360 l39018 ls75">other </span><span class="pp-class-166 pa t3360 l39019 ls461">directly </span><span class="pp-class-166 pa t3360 l39020">attribut-</span><span class="pp-class-166 pa t3373 l3">able </span><span class="pp-class-166 pa t3373 l39021 ls1129">costs </span><span class="pp-class-166 pa t3373 l4374">of </span><span class="pp-class-166 pa t3373 l39022 ls851">preparing </span><span class="pp-class-166 pa t3373 l12000">the </span><span class="pp-class-166 pa t3373 l39023 ls66">software </span><span class="pp-class-166 pa t3373 l39024 ls228">for </span><span class="pp-class-166 pa t3373 l39025">its </span><span class="pp-class-166 pa t3373 l39026 ls234">intended </span><span class="pp-class-166 pa t3373 l21004">use. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls101">After </span><span class="pp-class-166 pa t3375 l39027 ls1934">commissioning, </span><span class="pp-class-166 pa t3375 l39028 ls66">software </span><span class="pp-class-166 pa t3375 l39029">is </span><span class="pp-class-166 pa t3375 l36316 ls2179">amortised </span><span class="pp-class-166 pa t3375 l39030">on </span><span class="pp-class-166 pa t3375 l2005">a </span><span class="pp-class-166 pa t3375 l39031 ls234">straight-line </span><span class="pp-class-166 pa t3375 l39032">basis </span><span class="pp-class-166 pa t3375 l28970 ls48">over </span><span class="pp-class-166 pa t3375 l39033">its </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045">useful </span><span class="pp-class-166 pa t3387 l39034 ls497">life. </span><span class="pp-class-166 pa t3387 l39035">The </span><span class="pp-class-166 pa t3387 l39036 ls492">amortisation </span><span class="pp-class-166 pa t3387 l39037">period </span><span class="pp-class-166 pa t3387 l39038">is </span><span class="pp-class-166 pa t3387 l34152">1-8 </span><span class="pp-class-166 pa t3387 l23685 ls101">years.</span></p></div></div><div class="pp-class-4" id="pp-id-4382" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h39039 pa t2 l3 wtro4 xx4664 tro6 xx4665"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t2723 l39040 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l39041">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36551 l3 ls2275">Intangible </span><span class="pp-class-170 pa t36551 l33806 ls1174">assets</span><span class="pp-class-166 pa t36551 l38287"/><span class="pp-class-166 pa t36551 l39042">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39043">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39044 ls59">Customer </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39045 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39046 ls856">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39047 ls66">Software </span><span class="pp-class-166 pa t36556 l39048">in </span><span class="pp-class-166 pa t36551 l39049 ls1319">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39050 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39051">Goodwill</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39052 ls59">Customer </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39053 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39054 ls856">Software</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39055 ls66">Software </span><span class="pp-class-166 pa t36556 l39056">in </span><span class="pp-class-166 pa t36551 l39057 ls1319">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39058 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l3 ls853">Cost </span><span class="pp-class-166 pa t37387 l8720">at </span><span class="pp-class-166 pa t37387 l861">1 </span><span class="pp-class-166 pa t37387 l11466 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39059">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39060">2,563</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39061">1,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39062">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39063">81,135</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39064">75,774</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39065">2,564</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39066">1,411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l39067">364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37387 l37446">80,113</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l3">Additions </span><span class="pp-class-166 pa t39068 l35356 ls267">from </span><span class="pp-class-166 pa t39068 l39069 ls394">business </span><span class="pp-class-166 pa t39068 l11429 ls1217">combinations/previous </span><span class="pp-class-166 pa t39068 l39070">period </span><span class="pp-class-166 pa t39068 l39071 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39059">75,106</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39060">1,627</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39072">678</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39073">47</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39063">77,458</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39076">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39068 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l3">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39072">145</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39062">378</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39081">523</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39082">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39083">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39067">297</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39078 l39084">337</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l3">Disposals </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39086">(67)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39087">(2)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39088">(69)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39089">(1)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39090">(171)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39091">(7)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39085 l39092">(179)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l3 ls19049">Transfers</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39072">288</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39094">(288)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39095">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39096">298</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l39097">(298)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39093 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l3 ls187">Currency </span><span class="pp-class-166 pa t39098 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39099">(4,311)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39100">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39101">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39102">(4,273)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39103">864</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39075">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39076">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39098 l39084">864</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l3 ls15293">Total </span><span class="pp-class-170 pa t39104 l34893 ls2483">cost </span><span class="pp-class-170 pa t39104 l39105 ls1866">at </span><span class="pp-class-170 pa t39104 l39106 ls1866">31 </span><span class="pp-class-170 pa t39104 l39107 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39108 ls1858">147,440</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39109 ls2690">4,190</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39110 ls2690">2,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39111 ls1866">499</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39112 ls1858">154,774</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39113 ls2688">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39114 ls2690">2,563</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39115 ls2690">1,571</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l39116 ls1866">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39104 l37434 ls2688">81,135</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l3 ls3686">Total </span><span class="pp-class-166 pa t39117 l8908 ls492">amortisation </span><span class="pp-class-166 pa t39117 l39118">and </span><span class="pp-class-166 pa t39117 l39119">impairment </span><span class="pp-class-166 pa t39117 l22314">at </span><span class="pp-class-166 pa t39117 l39120">1 </span><span class="pp-class-166 pa t39117 l29347 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39060">2,279</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39072">979</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39122">3,258</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39065">2,149</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39096">858</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l37440">3,007</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l3 ls492">Amortisation </span><span class="pp-class-166 pa t39123 l13190 ls228">for </span><span class="pp-class-166 pa t39123 l39124">the </span><span class="pp-class-166 pa t39123 l39125 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39126">331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39072">268</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39081">599</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39127">131</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39096">180</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39123 l39084">311</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l3">Disposals </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39079">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39080">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39086">(37)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39121">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39088">(37)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39074">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39089">(1)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39129">(59)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39077">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39128 l39130">(60)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l3 ls15293">Total </span><span class="pp-class-170 pa t39131 l34893 ls6798">amortisation </span><span class="pp-class-170 pa t39131 l39132 ls1853">and </span><span class="pp-class-170 pa t39131 l39133 ls2282">impairment </span><span class="pp-class-170 pa t39131 l39134 ls1866">at </span><span class="pp-class-170 pa t39131 l39135 ls1866">31 </span><span class="pp-class-170 pa t39131 l39136 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39137">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39109 ls2690">2,610</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39110 ls2690">1,210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39138">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39139 ls2690">3,820</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39140">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39114 ls2690">2,279</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39141 ls1866">979</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39142">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39131 l39143 ls2690">3,258</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l3 ls228">Carrying </span><span class="pp-class-170 pa t39144 l20159 ls1858">amount </span><span class="pp-class-170 pa t39144 l39145 ls1866">at </span><span class="pp-class-170 pa t39144 l39146 ls1866">31 </span><span class="pp-class-170 pa t39144 l39147 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39108 ls1858">147,440</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39109 ls2690">1,580</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39110 ls2690">1,435</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39111 ls1866">499</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39112 ls1858">150,954</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39113 ls2688">76,645</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39148 ls1866">284</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39141 ls1866">592</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l39116 ls1866">356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39144 l37434 ls2688">77,877</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4379" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h38946 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t12934 l3 ls5287">Accounting </span><span class="pp-class-170 pa t12934 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t12954 l3">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12962 l3">Only </span><span class="pp-class-166 pa t12962 l38947">goodwill </span><span class="pp-class-166 pa t12962 l38948">arising </span><span class="pp-class-166 pa t12962 l26949 ls267">from </span><span class="pp-class-166 pa t12962 l34937 ls394">business </span><span class="pp-class-166 pa t12962 l38949 ls428">combinations </span><span class="pp-class-166 pa t12962 l35883">is </span><span class="pp-class-166 pa t12962 l29045 ls564">recognised </span><span class="pp-class-166 pa t12962 l27880">in </span><span class="pp-class-166 pa t12962 l38950">the </span><span class="pp-class-166 pa t12962 l38951">financial </span><span class="pp-class-166 pa t12970 l3 ls189">statements. </span><span class="pp-class-166 pa t12970 l21065">Goodwill </span><span class="pp-class-166 pa t12970 l38952">is </span><span class="pp-class-166 pa t12970 l5571 ls1528">measured </span><span class="pp-class-166 pa t12970 l38953">as </span><span class="pp-class-166 pa t12970 l13954">the </span><span class="pp-class-166 pa t12970 l29229 ls4013">difference </span><span class="pp-class-166 pa t12970 l5936 ls946">between </span><span class="pp-class-166 pa t12970 l38954">the </span><span class="pp-class-166 pa t12970 l38955 ls169">total </span><span class="pp-class-166 pa t12970 l38956">of </span><span class="pp-class-166 pa t12970 l38957">the </span><span class="pp-class-166 pa t12977 l3 ls2307">fair </span><span class="pp-class-166 pa t12977 l36332 ls101">value </span><span class="pp-class-166 pa t12977 l9438">of </span><span class="pp-class-166 pa t12977 l38958">the </span><span class="pp-class-166 pa t12977 l36635 ls3782">consideration </span><span class="pp-class-166 pa t12977 l29158 ls1868">transferred, </span><span class="pp-class-166 pa t12977 l38959">the </span><span class="pp-class-166 pa t12977 l38960 ls101">value </span><span class="pp-class-166 pa t12977 l13308">of </span><span class="pp-class-166 pa t12977 l38961 ls2476">non-controlling </span><span class="pp-class-166 pa t12977 l38962 ls7427">inter-</span><span class="pp-class-166 pa t34475 l3 ls461">ests </span><span class="pp-class-166 pa t34475 l38963">and </span><span class="pp-class-166 pa t34475 l38964">any </span><span class="pp-class-166 pa t34475 l5237 ls1701">equity </span><span class="pp-class-166 pa t34475 l38965 ls226">investments </span><span class="pp-class-166 pa t34475 l38966 ls164">previously </span><span class="pp-class-166 pa t34475 l38967">held </span><span class="pp-class-166 pa t34475 l38968">in </span><span class="pp-class-166 pa t34475 l38969">the </span><span class="pp-class-166 pa t34475 l38970 ls702">acquiree, </span><span class="pp-class-166 pa t34475 l38971 ls265">compared </span><span class="pp-class-166 pa t34475 l38972 ls135">to </span><span class="pp-class-166 pa t12981 l3">the </span><span class="pp-class-166 pa t12981 l1913 ls2307">fair </span><span class="pp-class-166 pa t12981 l5006 ls101">value </span><span class="pp-class-166 pa t12981 l7588">of </span><span class="pp-class-166 pa t12981 l36635">identifiable </span><span class="pp-class-166 pa t12981 l19318 ls234">net </span><span class="pp-class-166 pa t12981 l8587 ls4053">assets </span><span class="pp-class-166 pa t12981 l38973">on </span><span class="pp-class-166 pa t12981 l38974">the </span><span class="pp-class-166 pa t12981 l38975 ls1122">date </span><span class="pp-class-166 pa t12981 l27609">of </span><span class="pp-class-166 pa t12981 l38976 ls428">acquisition. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12999 l3">Goodwill </span><span class="pp-class-166 pa t12999 l35194">is </span><span class="pp-class-166 pa t12999 l3351 ls1528">not </span><span class="pp-class-166 pa t12999 l38977 ls1831">amortised, </span><span class="pp-class-166 pa t12999 l38978">but </span><span class="pp-class-166 pa t12999 l30053">is </span><span class="pp-class-166 pa t12999 l25861 ls2870">tested </span><span class="pp-class-166 pa t12999 l3734 ls228">for </span><span class="pp-class-166 pa t12999 l14880">impairment </span><span class="pp-class-166 pa t12999 l11359">at </span><span class="pp-class-166 pa t12999 l10839 ls1575">least </span><span class="pp-class-166 pa t12999 l14289 ls164">annually. </span></p></div></div><div class="pp-class-4" id="pp-id-4380" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls2540">Customer </span><span class="pp-class-172 pa t3330 l38979 ls740">relationships</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3">On </span><span class="pp-class-166 pa t3338 l9340">initial </span><span class="pp-class-166 pa t3338 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3338 l36596 ls740">customer </span><span class="pp-class-166 pa t3338 l38980 ls180">relationships </span><span class="pp-class-166 pa t3338 l38981">identified </span><span class="pp-class-166 pa t3338 l38982 ls267">from </span><span class="pp-class-166 pa t3338 l38983 ls394">business </span><span class="pp-class-166 pa t3338 l38984 ls614">com-</span><span class="pp-class-166 pa t3348 l3">binations </span><span class="pp-class-166 pa t3348 l10343 ls228">are </span><span class="pp-class-166 pa t3348 l7039 ls564">recognised </span><span class="pp-class-166 pa t3348 l390">in </span><span class="pp-class-166 pa t3348 l9748">the </span><span class="pp-class-166 pa t3348 l14206 ls1122">statement </span><span class="pp-class-166 pa t3348 l17537">of </span><span class="pp-class-166 pa t3348 l18882">financial </span><span class="pp-class-166 pa t3348 l38985">position </span><span class="pp-class-166 pa t3348 l38986">at </span><span class="pp-class-166 pa t3348 l38987 ls2307">fair </span><span class="pp-class-166 pa t3348 l1576 ls239">value. </span><span class="pp-class-166 pa t3360 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3360 l21599 ls740">customer </span><span class="pp-class-166 pa t3360 l38988 ls180">relationships </span><span class="pp-class-166 pa t3360 l38989 ls228">are </span><span class="pp-class-166 pa t3360 l38990 ls1528">measured </span><span class="pp-class-166 pa t3360 l38991">at </span><span class="pp-class-166 pa t3360 l13928 ls3490">cost </span><span class="pp-class-166 pa t3360 l38992 ls48">less </span><span class="pp-class-166 pa t3360 l38993 ls189">accumulated </span><span class="pp-class-166 pa t3373 l3 ls492">amortisation </span><span class="pp-class-166 pa t3373 l14532">and </span><span class="pp-class-166 pa t3373 l38994">impairment </span><span class="pp-class-166 pa t3373 l11 ls455">losses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls59">Customer </span><span class="pp-class-166 pa t3375 l15471 ls180">relationships </span><span class="pp-class-166 pa t3375 l5666 ls228">are </span><span class="pp-class-166 pa t3375 l15381 ls2179">amortised </span><span class="pp-class-166 pa t3375 l38995 ls48">over </span><span class="pp-class-166 pa t3375 l14535">a </span><span class="pp-class-166 pa t3375 l38996">period </span><span class="pp-class-166 pa t3375 l38997">of </span><span class="pp-class-166 pa t3375 l38998">eight </span><span class="pp-class-166 pa t3375 l38999 ls101">years </span><span class="pp-class-166 pa t3375 l39000">using </span><span class="pp-class-166 pa t3375 l39001">the </span><span class="pp-class-166 pa t3387 l3">diminishing </span><span class="pp-class-166 pa t3387 l39002 ls187">balance </span><span class="pp-class-166 pa t3387 l34249 ls93">method.</span></p></div></div><div class="pp-class-4" id="pp-id-4381" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls495">Software </span><span class="pp-class-172 pa t3330 l11153">and </span><span class="pp-class-172 pa t3330 l30019 ls495">software </span><span class="pp-class-172 pa t3330 l39003">in </span><span class="pp-class-172 pa t3330 l5016 ls1498">progress</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3 ls66">Software </span><span class="pp-class-166 pa t3338 l10749">bought </span><span class="pp-class-166 pa t3338 l39004">or </span><span class="pp-class-166 pa t3338 l39005 ls394">developed </span><span class="pp-class-166 pa t3338 l12865 ls228">for </span><span class="pp-class-166 pa t3338 l39006 ls234">internal </span><span class="pp-class-166 pa t3338 l39007">use </span><span class="pp-class-166 pa t3338 l39008">is </span><span class="pp-class-166 pa t3338 l39009 ls1528">measured </span><span class="pp-class-166 pa t3338 l39010">at </span><span class="pp-class-166 pa t3338 l39011">the </span><span class="pp-class-166 pa t3338 l38533 ls189">lower </span><span class="pp-class-166 pa t3338 l39012">of </span><span class="pp-class-166 pa t3348 l3 ls3490">cost </span><span class="pp-class-166 pa t3348 l10527 ls48">less </span><span class="pp-class-166 pa t3348 l7164 ls189">accumulated </span><span class="pp-class-166 pa t3348 l13358 ls492">amortisation </span><span class="pp-class-166 pa t3348 l3007">and </span><span class="pp-class-166 pa t3348 l10328">impairment </span><span class="pp-class-166 pa t3348 l39013 ls239">losses </span><span class="pp-class-166 pa t3348 l20977">and </span><span class="pp-class-166 pa t3348 l39014">the </span><span class="pp-class-166 pa t3348 l34027 ls4372">recoverable </span><span class="pp-class-166 pa t3360 l3 ls12199">amount. </span><span class="pp-class-166 pa t3360 l17851 ls853">Cost </span><span class="pp-class-166 pa t3360 l39015 ls1428">comprises </span><span class="pp-class-166 pa t3360 l37587">payments </span><span class="pp-class-166 pa t3360 l31323 ls228">for </span><span class="pp-class-166 pa t3360 l28569">the </span><span class="pp-class-166 pa t3360 l39016 ls66">software </span><span class="pp-class-166 pa t3360 l39017">and </span><span class="pp-class-166 pa t3360 l39018 ls75">other </span><span class="pp-class-166 pa t3360 l39019 ls461">directly </span><span class="pp-class-166 pa t3360 l39020">attribut-</span><span class="pp-class-166 pa t3373 l3">able </span><span class="pp-class-166 pa t3373 l39021 ls1129">costs </span><span class="pp-class-166 pa t3373 l4374">of </span><span class="pp-class-166 pa t3373 l39022 ls851">preparing </span><span class="pp-class-166 pa t3373 l12000">the </span><span class="pp-class-166 pa t3373 l39023 ls66">software </span><span class="pp-class-166 pa t3373 l39024 ls228">for </span><span class="pp-class-166 pa t3373 l39025">its </span><span class="pp-class-166 pa t3373 l39026 ls234">intended </span><span class="pp-class-166 pa t3373 l21004">use. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls101">After </span><span class="pp-class-166 pa t3375 l39027 ls1934">commissioning, </span><span class="pp-class-166 pa t3375 l39028 ls66">software </span><span class="pp-class-166 pa t3375 l39029">is </span><span class="pp-class-166 pa t3375 l36316 ls2179">amortised </span><span class="pp-class-166 pa t3375 l39030">on </span><span class="pp-class-166 pa t3375 l2005">a </span><span class="pp-class-166 pa t3375 l39031 ls234">straight-line </span><span class="pp-class-166 pa t3375 l39032">basis </span><span class="pp-class-166 pa t3375 l28970 ls48">over </span><span class="pp-class-166 pa t3375 l39033">its </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045">useful </span><span class="pp-class-166 pa t3387 l39034 ls497">life. </span><span class="pp-class-166 pa t3387 l39035">The </span><span class="pp-class-166 pa t3387 l39036 ls492">amortisation </span><span class="pp-class-166 pa t3387 l39037">period </span><span class="pp-class-166 pa t3387 l39038">is </span><span class="pp-class-166 pa t3387 l34152">1-8 </span><span class="pp-class-166 pa t3387 l23685 ls101">years.</span></p></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t12954 l3">Goodwill</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12962 l3">Only </span><span class="pp-class-166 pa t12962 l38947">goodwill </span><span class="pp-class-166 pa t12962 l38948">arising </span><span class="pp-class-166 pa t12962 l26949 ls267">from </span><span class="pp-class-166 pa t12962 l34937 ls394">business </span><span class="pp-class-166 pa t12962 l38949 ls428">combinations </span><span class="pp-class-166 pa t12962 l35883">is </span><span class="pp-class-166 pa t12962 l29045 ls564">recognised </span><span class="pp-class-166 pa t12962 l27880">in </span><span class="pp-class-166 pa t12962 l38950">the </span><span class="pp-class-166 pa t12962 l38951">financial </span><span class="pp-class-166 pa t12970 l3 ls189">statements. </span><span class="pp-class-166 pa t12970 l21065">Goodwill </span><span class="pp-class-166 pa t12970 l38952">is </span><span class="pp-class-166 pa t12970 l5571 ls1528">measured </span><span class="pp-class-166 pa t12970 l38953">as </span><span class="pp-class-166 pa t12970 l13954">the </span><span class="pp-class-166 pa t12970 l29229 ls4013">difference </span><span class="pp-class-166 pa t12970 l5936 ls946">between </span><span class="pp-class-166 pa t12970 l38954">the </span><span class="pp-class-166 pa t12970 l38955 ls169">total </span><span class="pp-class-166 pa t12970 l38956">of </span><span class="pp-class-166 pa t12970 l38957">the </span><span class="pp-class-166 pa t12977 l3 ls2307">fair </span><span class="pp-class-166 pa t12977 l36332 ls101">value </span><span class="pp-class-166 pa t12977 l9438">of </span><span class="pp-class-166 pa t12977 l38958">the </span><span class="pp-class-166 pa t12977 l36635 ls3782">consideration </span><span class="pp-class-166 pa t12977 l29158 ls1868">transferred, </span><span class="pp-class-166 pa t12977 l38959">the </span><span class="pp-class-166 pa t12977 l38960 ls101">value </span><span class="pp-class-166 pa t12977 l13308">of </span><span class="pp-class-166 pa t12977 l38961 ls2476">non-controlling </span><span class="pp-class-166 pa t12977 l38962 ls7427">inter-</span><span class="pp-class-166 pa t34475 l3 ls461">ests </span><span class="pp-class-166 pa t34475 l38963">and </span><span class="pp-class-166 pa t34475 l38964">any </span><span class="pp-class-166 pa t34475 l5237 ls1701">equity </span><span class="pp-class-166 pa t34475 l38965 ls226">investments </span><span class="pp-class-166 pa t34475 l38966 ls164">previously </span><span class="pp-class-166 pa t34475 l38967">held </span><span class="pp-class-166 pa t34475 l38968">in </span><span class="pp-class-166 pa t34475 l38969">the </span><span class="pp-class-166 pa t34475 l38970 ls702">acquiree, </span><span class="pp-class-166 pa t34475 l38971 ls265">compared </span><span class="pp-class-166 pa t34475 l38972 ls135">to </span><span class="pp-class-166 pa t12981 l3">the </span><span class="pp-class-166 pa t12981 l1913 ls2307">fair </span><span class="pp-class-166 pa t12981 l5006 ls101">value </span><span class="pp-class-166 pa t12981 l7588">of </span><span class="pp-class-166 pa t12981 l36635">identifiable </span><span class="pp-class-166 pa t12981 l19318 ls234">net </span><span class="pp-class-166 pa t12981 l8587 ls4053">assets </span><span class="pp-class-166 pa t12981 l38973">on </span><span class="pp-class-166 pa t12981 l38974">the </span><span class="pp-class-166 pa t12981 l38975 ls1122">date </span><span class="pp-class-166 pa t12981 l27609">of </span><span class="pp-class-166 pa t12981 l38976 ls428">acquisition. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t12999 l3">Goodwill </span><span class="pp-class-166 pa t12999 l35194">is </span><span class="pp-class-166 pa t12999 l3351 ls1528">not </span><span class="pp-class-166 pa t12999 l38977 ls1831">amortised, </span><span class="pp-class-166 pa t12999 l38978">but </span><span class="pp-class-166 pa t12999 l30053">is </span><span class="pp-class-166 pa t12999 l25861 ls2870">tested </span><span class="pp-class-166 pa t12999 l3734 ls228">for </span><span class="pp-class-166 pa t12999 l14880">impairment </span><span class="pp-class-166 pa t12999 l11359">at </span><span class="pp-class-166 pa t12999 l10839 ls1575">least </span><span class="pp-class-166 pa t12999 l14289 ls164">annually. </span></p> <div class="pp-class-4" id="pp-id-4380" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls2540">Customer </span><span class="pp-class-172 pa t3330 l38979 ls740">relationships</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3">On </span><span class="pp-class-166 pa t3338 l9340">initial </span><span class="pp-class-166 pa t3338 l36595 ls1528">recognition, </span><span class="pp-class-166 pa t3338 l36596 ls740">customer </span><span class="pp-class-166 pa t3338 l38980 ls180">relationships </span><span class="pp-class-166 pa t3338 l38981">identified </span><span class="pp-class-166 pa t3338 l38982 ls267">from </span><span class="pp-class-166 pa t3338 l38983 ls394">business </span><span class="pp-class-166 pa t3338 l38984 ls614">com-</span><span class="pp-class-166 pa t3348 l3">binations </span><span class="pp-class-166 pa t3348 l10343 ls228">are </span><span class="pp-class-166 pa t3348 l7039 ls564">recognised </span><span class="pp-class-166 pa t3348 l390">in </span><span class="pp-class-166 pa t3348 l9748">the </span><span class="pp-class-166 pa t3348 l14206 ls1122">statement </span><span class="pp-class-166 pa t3348 l17537">of </span><span class="pp-class-166 pa t3348 l18882">financial </span><span class="pp-class-166 pa t3348 l38985">position </span><span class="pp-class-166 pa t3348 l38986">at </span><span class="pp-class-166 pa t3348 l38987 ls2307">fair </span><span class="pp-class-166 pa t3348 l1576 ls239">value. </span><span class="pp-class-166 pa t3360 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3360 l21599 ls740">customer </span><span class="pp-class-166 pa t3360 l38988 ls180">relationships </span><span class="pp-class-166 pa t3360 l38989 ls228">are </span><span class="pp-class-166 pa t3360 l38990 ls1528">measured </span><span class="pp-class-166 pa t3360 l38991">at </span><span class="pp-class-166 pa t3360 l13928 ls3490">cost </span><span class="pp-class-166 pa t3360 l38992 ls48">less </span><span class="pp-class-166 pa t3360 l38993 ls189">accumulated </span><span class="pp-class-166 pa t3373 l3 ls492">amortisation </span><span class="pp-class-166 pa t3373 l14532">and </span><span class="pp-class-166 pa t3373 l38994">impairment </span><span class="pp-class-166 pa t3373 l11 ls455">losses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls59">Customer </span><span class="pp-class-166 pa t3375 l15471 ls180">relationships </span><span class="pp-class-166 pa t3375 l5666 ls228">are </span><span class="pp-class-166 pa t3375 l15381 ls2179">amortised </span><span class="pp-class-166 pa t3375 l38995 ls48">over </span><span class="pp-class-166 pa t3375 l14535">a </span><span class="pp-class-166 pa t3375 l38996">period </span><span class="pp-class-166 pa t3375 l38997">of </span><span class="pp-class-166 pa t3375 l38998">eight </span><span class="pp-class-166 pa t3375 l38999 ls101">years </span><span class="pp-class-166 pa t3375 l39000">using </span><span class="pp-class-166 pa t3375 l39001">the </span><span class="pp-class-166 pa t3387 l3">diminishing </span><span class="pp-class-166 pa t3387 l39002 ls187">balance </span><span class="pp-class-166 pa t3387 l34249 ls93">method.</span></p></div></div><div class="pp-class-4" id="pp-id-4381" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h20230 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3330 l3 ls495">Software </span><span class="pp-class-172 pa t3330 l11153">and </span><span class="pp-class-172 pa t3330 l30019 ls495">software </span><span class="pp-class-172 pa t3330 l39003">in </span><span class="pp-class-172 pa t3330 l5016 ls1498">progress</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3 ls66">Software </span><span class="pp-class-166 pa t3338 l10749">bought </span><span class="pp-class-166 pa t3338 l39004">or </span><span class="pp-class-166 pa t3338 l39005 ls394">developed </span><span class="pp-class-166 pa t3338 l12865 ls228">for </span><span class="pp-class-166 pa t3338 l39006 ls234">internal </span><span class="pp-class-166 pa t3338 l39007">use </span><span class="pp-class-166 pa t3338 l39008">is </span><span class="pp-class-166 pa t3338 l39009 ls1528">measured </span><span class="pp-class-166 pa t3338 l39010">at </span><span class="pp-class-166 pa t3338 l39011">the </span><span class="pp-class-166 pa t3338 l38533 ls189">lower </span><span class="pp-class-166 pa t3338 l39012">of </span><span class="pp-class-166 pa t3348 l3 ls3490">cost </span><span class="pp-class-166 pa t3348 l10527 ls48">less </span><span class="pp-class-166 pa t3348 l7164 ls189">accumulated </span><span class="pp-class-166 pa t3348 l13358 ls492">amortisation </span><span class="pp-class-166 pa t3348 l3007">and </span><span class="pp-class-166 pa t3348 l10328">impairment </span><span class="pp-class-166 pa t3348 l39013 ls239">losses </span><span class="pp-class-166 pa t3348 l20977">and </span><span class="pp-class-166 pa t3348 l39014">the </span><span class="pp-class-166 pa t3348 l34027 ls4372">recoverable </span><span class="pp-class-166 pa t3360 l3 ls12199">amount. </span><span class="pp-class-166 pa t3360 l17851 ls853">Cost </span><span class="pp-class-166 pa t3360 l39015 ls1428">comprises </span><span class="pp-class-166 pa t3360 l37587">payments </span><span class="pp-class-166 pa t3360 l31323 ls228">for </span><span class="pp-class-166 pa t3360 l28569">the </span><span class="pp-class-166 pa t3360 l39016 ls66">software </span><span class="pp-class-166 pa t3360 l39017">and </span><span class="pp-class-166 pa t3360 l39018 ls75">other </span><span class="pp-class-166 pa t3360 l39019 ls461">directly </span><span class="pp-class-166 pa t3360 l39020">attribut-</span><span class="pp-class-166 pa t3373 l3">able </span><span class="pp-class-166 pa t3373 l39021 ls1129">costs </span><span class="pp-class-166 pa t3373 l4374">of </span><span class="pp-class-166 pa t3373 l39022 ls851">preparing </span><span class="pp-class-166 pa t3373 l12000">the </span><span class="pp-class-166 pa t3373 l39023 ls66">software </span><span class="pp-class-166 pa t3373 l39024 ls228">for </span><span class="pp-class-166 pa t3373 l39025">its </span><span class="pp-class-166 pa t3373 l39026 ls234">intended </span><span class="pp-class-166 pa t3373 l21004">use. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls101">After </span><span class="pp-class-166 pa t3375 l39027 ls1934">commissioning, </span><span class="pp-class-166 pa t3375 l39028 ls66">software </span><span class="pp-class-166 pa t3375 l39029">is </span><span class="pp-class-166 pa t3375 l36316 ls2179">amortised </span><span class="pp-class-166 pa t3375 l39030">on </span><span class="pp-class-166 pa t3375 l2005">a </span><span class="pp-class-166 pa t3375 l39031 ls234">straight-line </span><span class="pp-class-166 pa t3375 l39032">basis </span><span class="pp-class-166 pa t3375 l28970 ls48">over </span><span class="pp-class-166 pa t3375 l39033">its </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045">useful </span><span class="pp-class-166 pa t3387 l39034 ls497">life. </span><span class="pp-class-166 pa t3387 l39035">The </span><span class="pp-class-166 pa t3387 l39036 ls492">amortisation </span><span class="pp-class-166 pa t3387 l39037">period </span><span class="pp-class-166 pa t3387 l39038">is </span><span class="pp-class-166 pa t3387 l34152">1-8 </span><span class="pp-class-166 pa t3387 l23685 ls101">years.</span></p></div></div> <div class="pp-class-4" id="pp-id-4383" xmlns="http://www.w3.org/1999/xhtml"><div class="w39149 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.3 </span><span class="pp-class-169 pa t254 l37093 ls15610">Property, </span><span class="pp-class-169 pa t254 l39150 ls1181">plant </span><span class="pp-class-169 pa t254 l39151 ls6611">and </span><span class="pp-class-169 pa t254 l39152 ls21824">equipment</span></p></div></div><div class="pp-class-4" id="pp-id-4384" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39153 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t39154 l3 ls5287">Accounting </span><span class="pp-class-170 pa t39154 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39155 l3">Land </span><span class="pp-class-166 pa t39155 l27377">and </span><span class="pp-class-166 pa t39155 l13295">buildings </span><span class="pp-class-166 pa t39155 l13044">and </span><span class="pp-class-166 pa t39155 l39156 ls75">other </span><span class="pp-class-166 pa t39155 l39157">plant </span><span class="pp-class-166 pa t39155 l39158">and </span><span class="pp-class-166 pa t39155 l27855 ls1217">operating </span><span class="pp-class-166 pa t39155 l14998">equipment </span><span class="pp-class-166 pa t39155 l39159 ls228">are </span><span class="pp-class-166 pa t39155 l7431 ls1528">measured </span><span class="pp-class-166 pa t39155 l27191">at </span><span class="pp-class-166 pa t39160 l3 ls3490">cost </span><span class="pp-class-166 pa t39160 l10527 ls48">less </span><span class="pp-class-166 pa t39160 l7164 ls189">accumulated </span><span class="pp-class-166 pa t39160 l13358 ls2022">depreciation </span><span class="pp-class-166 pa t39160 l39161">and </span><span class="pp-class-166 pa t39160 l11930">impairment </span><span class="pp-class-166 pa t39160 l39162 ls239">losses.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39163 l3">The </span><span class="pp-class-166 pa t39163 l1525 ls3490">cost </span><span class="pp-class-166 pa t39163 l1117 ls1428">comprises </span><span class="pp-class-166 pa t39163 l8944">the </span><span class="pp-class-166 pa t39163 l30487 ls86">acquisition </span><span class="pp-class-166 pa t39163 l15051 ls189">price </span><span class="pp-class-166 pa t39163 l39164">and </span><span class="pp-class-166 pa t39163 l30022 ls75">other </span><span class="pp-class-166 pa t39163 l39165 ls1129">costs </span><span class="pp-class-166 pa t39163 l39166 ls461">directly </span><span class="pp-class-166 pa t39163 l39167 ls461">attributable </span><span class="pp-class-166 pa t39163 l39168 ls135">to </span><span class="pp-class-166 pa t39169 l3 ls851">preparing </span><span class="pp-class-166 pa t39169 l4016">the </span><span class="pp-class-166 pa t39169 l30058 ls1428">asset </span><span class="pp-class-166 pa t39169 l10358 ls228">for </span><span class="pp-class-166 pa t39169 l10155">its </span><span class="pp-class-166 pa t39169 l39170 ls234">intended </span><span class="pp-class-166 pa t39169 l39171">use. </span><span class="pp-class-166 pa t39169 l39172">The </span><span class="pp-class-166 pa t39169 l35525 ls856">present </span><span class="pp-class-166 pa t39169 l39173 ls101">value </span><span class="pp-class-166 pa t39169 l3519">of </span><span class="pp-class-166 pa t39169 l10986 ls1217">estimated </span><span class="pp-class-166 pa t39169 l39174 ls1129">costs </span><span class="pp-class-166 pa t39175 l3 ls228">for </span><span class="pp-class-166 pa t39175 l2086">dismantling </span><span class="pp-class-166 pa t39175 l15207">and </span><span class="pp-class-166 pa t39175 l39176">disposing </span><span class="pp-class-166 pa t39175 l39177">of </span><span class="pp-class-166 pa t39175 l39178 ls4053">assets </span><span class="pp-class-166 pa t39175 l11011">as </span><span class="pp-class-166 pa t39175 l39179 ls1122">well </span><span class="pp-class-166 pa t39175 l23196">as </span><span class="pp-class-166 pa t39175 l39180 ls2382">restoration </span><span class="pp-class-166 pa t39175 l12277 ls1129">costs </span><span class="pp-class-166 pa t39175 l39181 ls228">are </span><span class="pp-class-166 pa t39175 l39182">added </span><span class="pp-class-166 pa t39183 l3 ls135">to </span><span class="pp-class-166 pa t39183 l2457">the </span><span class="pp-class-166 pa t39183 l3086 ls3490">cost </span><span class="pp-class-166 pa t39183 l39184">if </span><span class="pp-class-166 pa t39183 l14735">such </span><span class="pp-class-166 pa t39183 l20308 ls1129">costs </span><span class="pp-class-166 pa t39183 l39185 ls228">are </span><span class="pp-class-166 pa t39183 l10961 ls564">recognised </span><span class="pp-class-166 pa t39183 l11930">as </span><span class="pp-class-166 pa t39183 l19891 ls740">provisions. </span><span class="pp-class-166 pa t39183 l39186 ls1217">Material </span><span class="pp-class-166 pa t39183 l19329 ls856">borrowing </span><span class="pp-class-166 pa t39183 l39187 ls1129">costs </span><span class="pp-class-166 pa t39188 l3 ls461">directly </span><span class="pp-class-166 pa t39188 l37218 ls461">attributable </span><span class="pp-class-166 pa t39188 l37219 ls135">to </span><span class="pp-class-166 pa t39188 l37220">the </span><span class="pp-class-166 pa t39188 l32407 ls750">construction </span><span class="pp-class-166 pa t39188 l39189">of </span><span class="pp-class-166 pa t39188 l5222">the </span><span class="pp-class-166 pa t39188 l39190">individual </span><span class="pp-class-166 pa t39188 l39191 ls1428">asset </span><span class="pp-class-166 pa t39188 l36617 ls228">are </span><span class="pp-class-166 pa t39188 l19283">also </span><span class="pp-class-166 pa t39188 l39192">added </span><span class="pp-class-166 pa t39193 l3 ls135">to </span><span class="pp-class-166 pa t39193 l2457 ls3966">cost. </span></p></div></div><div class="pp-class-4" id="pp-id-4385" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39194 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39195 l3">If </span><span class="pp-class-166 pa t39195 l39196">the </span><span class="pp-class-166 pa t39195 l22334">individual </span><span class="pp-class-166 pa t39195 l14911 ls923">components </span><span class="pp-class-166 pa t39195 l39197">of </span><span class="pp-class-166 pa t39195 l39198">an </span><span class="pp-class-166 pa t39195 l31510 ls1428">asset </span><span class="pp-class-166 pa t39195 l20136 ls48">have </span><span class="pp-class-166 pa t39195 l39199 ls497">different </span><span class="pp-class-166 pa t39195 l39200">useful </span><span class="pp-class-166 pa t39195 l39201 ls239">lives, </span><span class="pp-class-166 pa t39195 l39202 ls48">each </span><span class="pp-class-166 pa t39203 l3 ls1428">component </span><span class="pp-class-166 pa t39203 l37697">will </span><span class="pp-class-166 pa t39203 l29520">be </span><span class="pp-class-166 pa t39203 l13044 ls5508">depreciated </span><span class="pp-class-166 pa t39203 l33092 ls4372">separately.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39204 l3">The </span><span class="pp-class-166 pa t39204 l1525 ls3490">cost </span><span class="pp-class-166 pa t39204 l1117">of </span><span class="pp-class-166 pa t39204 l12894 ls740">self-constructed </span><span class="pp-class-166 pa t39204 l39205 ls4053">assets </span><span class="pp-class-166 pa t39204 l39206 ls1428">comprises </span><span class="pp-class-166 pa t39204 l39207 ls1575">direct </span><span class="pp-class-166 pa t39204 l39208">and </span><span class="pp-class-166 pa t39204 l39209 ls461">indirect </span><span class="pp-class-166 pa t39204 l37342 ls1129">costs </span><span class="pp-class-166 pa t39204 l39210 ls228">for </span><span class="pp-class-166 pa t39211 l3 ls923">materials, </span><span class="pp-class-166 pa t39211 l5869 ls86">components, </span><span class="pp-class-166 pa t39211 l11039 ls1217">subcontractors, </span><span class="pp-class-166 pa t39211 l20068 ls75">wages </span><span class="pp-class-166 pa t39211 l31542">and </span><span class="pp-class-166 pa t39211 l2838">salaries. </span><span class="pp-class-166 pa t39211 l39212 ls180">Costs </span><span class="pp-class-166 pa t39211 l32388 ls228">for </span><span class="pp-class-166 pa t39211 l39213 ls39214">self-</span><span class="pp-class-166 pa t39215 l3 ls4053">constructed </span><span class="pp-class-166 pa t39215 l37735 ls4053">assets </span><span class="pp-class-166 pa t39215 l39216 ls228">are </span><span class="pp-class-166 pa t39215 l39217 ls564">recognised </span><span class="pp-class-166 pa t39215 l39218">as </span><span class="pp-class-166 pa t39215 l2091 ls1849">property, </span><span class="pp-class-166 pa t39215 l39219">plant </span><span class="pp-class-166 pa t39215 l39220">and </span><span class="pp-class-166 pa t39215 l39221">equipment </span><span class="pp-class-166 pa t39215 l39222">in </span><span class="pp-class-166 pa t39215 l39223 ls3681">progress </span><span class="pp-class-166 pa t39224 l3">on </span><span class="pp-class-166 pa t39224 l3683">an </span><span class="pp-class-166 pa t39224 l39225">ongoing </span><span class="pp-class-166 pa t39224 l39226">basis </span><span class="pp-class-166 pa t39224 l39227">until </span><span class="pp-class-166 pa t39224 l36628">the </span><span class="pp-class-166 pa t39224 l39228 ls4053">assets </span><span class="pp-class-166 pa t39224 l39229 ls228">are </span><span class="pp-class-166 pa t39224 l39230 ls1346">ready </span><span class="pp-class-166 pa t39224 l37666 ls228">for </span><span class="pp-class-166 pa t39224 l38661">use.</span></p></div></div><div class="pp-class-4" id="pp-id-4386" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39231 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39154 l3 ls3962">Subsequent </span><span class="pp-class-166 pa t39154 l39232 ls2708">costs, </span><span class="pp-class-166 pa t39154 l26790 ls1740">such </span><span class="pp-class-166 pa t39154 l39233 ls2540">as </span><span class="pp-class-166 pa t39154 l19232 ls1119">partial </span><span class="pp-class-166 pa t39154 l39234 ls1402">replacement </span><span class="pp-class-166 pa t39154 l39235 ls2540">of </span><span class="pp-class-166 pa t39154 l39236 ls4013">property, </span><span class="pp-class-166 pa t39154 l39237 ls2061">plant </span><span class="pp-class-166 pa t39154 l39238 ls1528">and </span><span class="pp-class-166 pa t39154 l39239 ls1740">equipment </span><span class="pp-class-166 pa t39155 l3">(PPE), </span><span class="pp-class-166 pa t39155 l2314 ls228">are </span><span class="pp-class-166 pa t39155 l10970">included </span><span class="pp-class-166 pa t39155 l39240">in </span><span class="pp-class-166 pa t39155 l39241">the </span><span class="pp-class-166 pa t39155 l39242 ls205">carrying </span><span class="pp-class-166 pa t39155 l39243">amount </span><span class="pp-class-166 pa t39155 l39244">of </span><span class="pp-class-166 pa t39155 l39245">the </span><span class="pp-class-166 pa t39155 l39246 ls1428">asset </span><span class="pp-class-166 pa t39155 l39247">in </span><span class="pp-class-166 pa t39155 l29441 ls158">question </span><span class="pp-class-166 pa t39155 l39248">when </span><span class="pp-class-166 pa t39155 l39249">it </span><span class="pp-class-166 pa t39155 l39250">is </span><span class="pp-class-166 pa t39160 l3 ls66">probable </span><span class="pp-class-166 pa t39160 l39251">that </span><span class="pp-class-166 pa t39160 l5422">such </span><span class="pp-class-166 pa t39160 l30389 ls1129">costs </span><span class="pp-class-166 pa t39160 l39252">will </span><span class="pp-class-166 pa t39160 l39253 ls564">result </span><span class="pp-class-166 pa t39160 l39254">in </span><span class="pp-class-166 pa t39160 l11413 ls564">future </span><span class="pp-class-166 pa t39160 l20000 ls234">economic </span><span class="pp-class-166 pa t39160 l39255">benefits. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39163 l3">The </span><span class="pp-class-166 pa t39163 l1525 ls205">carrying </span><span class="pp-class-166 pa t39163 l38408">amount </span><span class="pp-class-166 pa t39163 l5440">of </span><span class="pp-class-166 pa t39163 l38409">the </span><span class="pp-class-166 pa t39163 l11475 ls265">replaced </span><span class="pp-class-166 pa t39163 l39256 ls2030">parts </span><span class="pp-class-166 pa t39163 l39257">is </span><span class="pp-class-166 pa t39163 l39258">disposed </span><span class="pp-class-166 pa t39163 l39259 ls267">from </span><span class="pp-class-166 pa t39163 l39260">the </span><span class="pp-class-166 pa t39163 l39261">financial </span><span class="pp-class-166 pa t39169 l3">position </span><span class="pp-class-166 pa t39169 l39262">and </span><span class="pp-class-166 pa t39169 l39263 ls564">recognised </span><span class="pp-class-166 pa t39169 l39264">in </span><span class="pp-class-166 pa t39169 l20183">the </span><span class="pp-class-166 pa t39169 l27847 ls564">profit </span><span class="pp-class-166 pa t39169 l39265">or </span><span class="pp-class-166 pa t39169 l39266 ls48">loss.</span></p></div></div><div class="pp-class-4" id="pp-id-4387" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h39267 pa t2 l3 wtro4 xx4664 tro6 xx4665"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t2723 l39040 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t2723 l39041">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t36553 l3 ls848">Property, </span><span class="pp-class-170 pa t36553 l39268 ls2688">plant </span><span class="pp-class-170 pa t36553 l39269 ls1853">and </span><span class="pp-class-170 pa t36553 l39270 ls2275">equipment</span><span class="pp-class-166 pa t36553 l4734"/><span class="pp-class-166 pa t36553 l39271 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39272">Land </span><span class="pp-class-166 pa t36551 l39273">and </span><span class="pp-class-166 pa t36553 l39274">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39275">Other </span><span class="pp-class-166 pa t36556 l39276">plant </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39277">and </span><span class="pp-class-166 pa t36551 l39278 ls1217">operating </span><span class="pp-class-166 pa t36553 l39279">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39280 ls218">Property, </span><span class="pp-class-166 pa t36556 l39281">plant </span><span class="pp-class-166 pa t36551 l39282">and </span><span class="pp-class-166 pa t36551 l39283">equipment </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l39284">in </span><span class="pp-class-166 pa t36553 l39285 ls1319">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l39050 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39286">Land </span><span class="pp-class-166 pa t36551 l39287">and </span><span class="pp-class-166 pa t36553 l39288">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39289">Other </span><span class="pp-class-166 pa t36556 l39290">plant </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36551 l39291">and </span><span class="pp-class-166 pa t36551 l39292 ls1217">operating </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l39293">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36556 l39294 ls218">Property, </span><span class="pp-class-166 pa t36556 l39295">plant </span><span class="pp-class-166 pa t36551 l39296">and </span><span class="pp-class-166 pa t36551 l39297">equipment </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l39298">in </span><span class="pp-class-166 pa t36553 l39299 ls1319">progress</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36553 l39058 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l3 ls853">Cost </span><span class="pp-class-166 pa t36565 l8720">at </span><span class="pp-class-166 pa t36565 l861">1 </span><span class="pp-class-166 pa t36565 l11466 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l39300">4,200</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l39301">6,209</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l39302">592</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l39063">11,001</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l39303">3,962</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l39304">5,256</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l39305">580</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t36565 l37440">9,798</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l3">Additions </span><span class="pp-class-166 pa t39306 l35356 ls267">from </span><span class="pp-class-166 pa t39306 l39069 ls394">business </span><span class="pp-class-166 pa t39306 l11429 ls1217">combinations/previous </span><span class="pp-class-166 pa t39306 l39070">period </span><span class="pp-class-166 pa t39306 l39071 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l39307">14,020</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l39301">2,194</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l39308">1,613</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l39063">17,827</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l39309">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l39310">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l39311">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39306 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l3">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l39300">1,198</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l39301">1,247</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l39302">265</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l39122">2,710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l39313">448</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l39304">1,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l39305">479</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39312 l37440">2,092</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l39315">(727)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l39316">(385)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l39317">(57)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l39102">(1,169)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l39318">(441)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l39319">(342)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l39320">(201)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39314 l39092">(984)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l3 ls1683">Reclassifications</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l39322">827</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l39323">197</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l39324">(1,024)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l39095">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l39313">147</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l39325">130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l39320">(277)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39321 l37412">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l3 ls187">Currency </span><span class="pp-class-166 pa t39326 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l39315">(200)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l39327">(74)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l39317">(62)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l39328">(336)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l39329">84</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l39310">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l39330">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39326 l39331">95</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l3 ls15293">Total </span><span class="pp-class-170 pa t39332 l34893 ls2483">cost </span><span class="pp-class-170 pa t39332 l39105 ls1866">at </span><span class="pp-class-170 pa t39332 l39106 ls1866">31 </span><span class="pp-class-170 pa t39332 l39107 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l39333 ls2688">19,318</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l39334 ls2690">9,388</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l39335 ls2690">1,327</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l39336 ls2688">30,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l39337 ls2690">4,200</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l39338 ls2690">6,209</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l39339 ls1866">592</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39332 l37434 ls2688">11,001</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l3 ls3686">Total </span><span class="pp-class-166 pa t39340 l8908 ls2022">depreciation </span><span class="pp-class-166 pa t39340 l39341">and </span><span class="pp-class-166 pa t39340 l39342">impairment </span><span class="pp-class-166 pa t39340 l28710">at </span><span class="pp-class-166 pa t39340 l28967">1 </span><span class="pp-class-166 pa t39340 l25920 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l39300">1,630</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l39301">2,589</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l39343">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l39122">4,222</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l39303">1,402</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l39304">2,182</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l39311">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l37440">3,584</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l3 ls2022">Depreciation </span><span class="pp-class-166 pa t39344 l39345 ls228">for </span><span class="pp-class-166 pa t39344 l39346">the </span><span class="pp-class-166 pa t39344 l39347 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l39322">655</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l39301">1,048</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l33014">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l39122">1,703</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l39313">375</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l39325">667</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l39311">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l37440">1,042</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l3">Disposals </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l39315">(122)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l39316">(213)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l39349">(3)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l39328">(338)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l39318">(147)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l39319">(263)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l39311">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l39092">(410)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l3 ls187">Currency </span><span class="pp-class-166 pa t39350 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l39351">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l39352">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l33014">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l39353">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l39309">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l39354">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l39355">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l39356">6</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l3 ls15293">Total </span><span class="pp-class-170 pa t39357 l34893 ls2693">depreciation </span><span class="pp-class-170 pa t39357 l39358 ls1853">and </span><span class="pp-class-170 pa t39357 l39359 ls2282">impairment </span><span class="pp-class-170 pa t39357 l39360 ls1866">at </span><span class="pp-class-170 pa t39357 l39361 ls1866">31 </span><span class="pp-class-170 pa t39357 l39362 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l39363 ls2690">2,166</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l39334 ls2690">3,446</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l39364">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l39139 ls2690">5,612</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l39337 ls2690">1,630</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l39338 ls2690">2,589</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l39365">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l39143 ls2690">4,222</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l3 ls228">Carrying </span><span class="pp-class-170 pa t39366 l20159 ls1858">amount </span><span class="pp-class-170 pa t39366 l39145 ls1866">at </span><span class="pp-class-170 pa t39366 l39146 ls1866">31 </span><span class="pp-class-170 pa t39366 l39147 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l39333 ls2688">17,152</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l39334 ls2690">5,942</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l39335 ls2690">1,327</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l39336 ls2688">24,421</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l39337 ls2690">2,570</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l39338 ls2690">3,620</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l39339 ls1866">589</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39366 l39143 ls2690">6,779</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4388" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h2916 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.3 </span><span class="pp-class-169 pa t254 l37093 ls39367">Property, </span><span class="pp-class-169 pa t254 l39150 ls1181">plant </span><span class="pp-class-169 pa t254 l39151 ls1180">and </span><span class="pp-class-169 pa t39368 l37093 ls35162">equipment </span><span class="pp-class-169 pa t39368 l39369 ls1180">— </span><span class="pp-class-169 pa t39368 l39370 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4389" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h15970 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3624 l3 ls2022">Depreciation </span><span class="pp-class-166 pa t3624 l39345">is </span><span class="pp-class-166 pa t3624 l36248 ls234">carried </span><span class="pp-class-166 pa t3624 l38184">out </span><span class="pp-class-166 pa t3624 l39371">on </span><span class="pp-class-166 pa t3624 l39372">a </span><span class="pp-class-166 pa t3624 l241 ls234">straight-line </span><span class="pp-class-166 pa t3624 l2579">basis </span><span class="pp-class-166 pa t3624 l39373 ls48">over </span><span class="pp-class-166 pa t3624 l39374">the </span><span class="pp-class-166 pa t3624 l39375 ls70">expected </span><span class="pp-class-166 pa t3624 l39376">useful</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls101">lives </span><span class="pp-class-166 pa t3330 l39377">of </span><span class="pp-class-166 pa t3330 l39378">the </span><span class="pp-class-166 pa t3330 l2661 ls428">assets. </span><span class="pp-class-166 pa t3330 l39379">The </span><span class="pp-class-166 pa t3330 l39380 ls70">expected </span><span class="pp-class-166 pa t3330 l33724">useful </span><span class="pp-class-166 pa t3330 l39381 ls101">lives </span><span class="pp-class-166 pa t3330 l39382">of </span><span class="pp-class-166 pa t3330 l39383">the </span><span class="pp-class-166 pa t3330 l39384 ls946">overall </span><span class="pp-class-166 pa t3330 l39385 ls1428">asset </span><span class="pp-class-166 pa t3330 l30600 ls853">categories</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3338 l3 ls228">are </span><span class="pp-class-166 pa t3338 l2357">as </span><span class="pp-class-166 pa t3338 l39386 ls455">follows:</span></p></div></div><div class="pp-class-4" id="pp-id-4390" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39387 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l3 ls7481">• </span><span class="pp-class-166 pa t28110 l4255 ls2298">Terminals </span><span class="pp-class-166 pa t28110 l39388">and </span><span class="pp-class-166 pa t28110 l39389 ls1849">administration </span><span class="pp-class-166 pa t28110 l39390 ls1094">buildings:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l39391 ls1866">50-60 </span><span class="pp-class-166 pa t28110 l39392 ls83">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39393 l3">• </span><span class="pp-class-166 pa t39393 l4255">Other </span><span class="pp-class-166 pa t39393 l39394">buildings </span><span class="pp-class-166 pa t39393 l39395 ls166">and </span><span class="pp-class-166 pa t39393 l39396">building </span><span class="pp-class-166 pa t39393 l39397 ls1636">elements:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39393 l39391 ls1866">10-30 </span><span class="pp-class-166 pa t39393 l39392 ls83">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39398 l3">• </span><span class="pp-class-166 pa t39398 l4255 ls6991">Technical </span><span class="pp-class-166 pa t39398 l39399">plant </span><span class="pp-class-166 pa t39398 l39400 ls166">and </span><span class="pp-class-166 pa t39398 l1179 ls379">machinery:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39398 l37567 ls135">6-10 </span><span class="pp-class-166 pa t39398 l39392 ls83">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39401 l3">• </span><span class="pp-class-166 pa t39401 l4255">Other </span><span class="pp-class-166 pa t39401 l39394">plant </span><span class="pp-class-166 pa t39401 l36481">and </span><span class="pp-class-166 pa t39401 l39402 ls1217">operating </span><span class="pp-class-166 pa t39401 l39403 ls6477">equipment:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39401 l39404 ls2307">3-8 </span><span class="pp-class-166 pa t39401 l39392 ls83">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39405 l3">• </span><span class="pp-class-166 pa t39405 l4255">Land </span><span class="pp-class-166 pa t39405 l39406 ls166">is </span><span class="pp-class-166 pa t39405 l39407 ls1528">not </span><span class="pp-class-166 pa t39405 l39408 ls564">depreciated</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div><div class="pp-class-4" id="pp-id-4391" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39409 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39410 l3">The </span><span class="pp-class-166 pa t39410 l1525">basis </span><span class="pp-class-166 pa t39410 l39411">of </span><span class="pp-class-166 pa t39410 l39412 ls2022">depreciation </span><span class="pp-class-166 pa t39410 l39413 ls497">takes </span><span class="pp-class-166 pa t39410 l39414 ls1122">into </span><span class="pp-class-166 pa t39410 l5941 ls614">account </span><span class="pp-class-166 pa t39410 l39415">the </span><span class="pp-class-166 pa t39410 l39416 ls66">residual </span><span class="pp-class-166 pa t39410 l39417 ls101">value </span><span class="pp-class-166 pa t39410 l39418">of </span><span class="pp-class-166 pa t39410 l39419 ls4053">assets </span><span class="pp-class-166 pa t39410 l39420">and </span><span class="pp-class-166 pa t39410 l39421">is </span><span class="pp-class-166 pa t39422 l3 ls1766">reduced </span><span class="pp-class-166 pa t39422 l39423">by </span><span class="pp-class-166 pa t39422 l30108">any </span><span class="pp-class-166 pa t39422 l20891">impairment </span><span class="pp-class-166 pa t39422 l20107 ls455">losses. </span><span class="pp-class-166 pa t39422 l39424">The </span><span class="pp-class-166 pa t39422 l39425 ls66">residual </span><span class="pp-class-166 pa t39422 l33202 ls101">value </span><span class="pp-class-166 pa t39422 l39426">is </span><span class="pp-class-166 pa t39422 l39427 ls2022">calculated </span><span class="pp-class-166 pa t39422 l20650">on </span><span class="pp-class-166 pa t39422 l39428">the </span><span class="pp-class-166 pa t39422 l39429 ls1122">date </span><span class="pp-class-166 pa t39430 l3">of </span><span class="pp-class-166 pa t39430 l2457 ls86">acquisition </span><span class="pp-class-166 pa t39430 l1222">and </span><span class="pp-class-166 pa t39430 l39431 ls1122">reassessed </span><span class="pp-class-166 pa t39430 l39432 ls1122">once </span><span class="pp-class-166 pa t39430 l39433">a </span><span class="pp-class-166 pa t39430 l29915 ls1536">year. </span><span class="pp-class-166 pa t39430 l39434 ls2022">Depreciation </span><span class="pp-class-166 pa t39430 l39435">will </span><span class="pp-class-166 pa t39430 l32402">be </span><span class="pp-class-166 pa t39430 l39436 ls740">halted </span><span class="pp-class-166 pa t39430 l39437">if </span><span class="pp-class-166 pa t39430 l39438">the </span><span class="pp-class-166 pa t39439 l3 ls66">residual </span><span class="pp-class-166 pa t39439 l39440 ls101">value </span><span class="pp-class-166 pa t39439 l7503 ls1416">exceeds </span><span class="pp-class-166 pa t39439 l37719">the </span><span class="pp-class-166 pa t39439 l39441 ls205">carrying </span><span class="pp-class-166 pa t39439 l12295">amount </span><span class="pp-class-166 pa t39439 l39442">of </span><span class="pp-class-166 pa t39439 l39443">the </span><span class="pp-class-166 pa t39439 l18763 ls3316">asset.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39444 l3 ls457">Assets </span><span class="pp-class-166 pa t39444 l35178 ls228">are </span><span class="pp-class-166 pa t39444 l39445 ls228">transferred </span><span class="pp-class-166 pa t39444 l31836 ls135">to </span><span class="pp-class-166 pa t39444 l39446 ls4053">assets </span><span class="pp-class-166 pa t39444 l9490">held </span><span class="pp-class-166 pa t39444 l30105 ls228">for </span><span class="pp-class-166 pa t39444 l39447">sale </span><span class="pp-class-166 pa t39444 l39448">if </span><span class="pp-class-166 pa t39444 l2491">it </span><span class="pp-class-166 pa t39444 l39449">is </span><span class="pp-class-166 pa t39444 l13710">highly </span><span class="pp-class-166 pa t39444 l29960 ls66">probable </span><span class="pp-class-166 pa t39444 l39450">that </span><span class="pp-class-166 pa t39444 l30545">their </span><span class="pp-class-166 pa t39451 l3 ls205">carrying </span><span class="pp-class-166 pa t39451 l36341">amount </span><span class="pp-class-166 pa t39451 l4946">will </span><span class="pp-class-166 pa t39451 l39452">be </span><span class="pp-class-166 pa t39451 l13297 ls2688">recovered </span><span class="pp-class-166 pa t39451 l39453">primarily </span><span class="pp-class-166 pa t39451 l5426 ls856">through </span><span class="pp-class-166 pa t39451 l10410">sale </span><span class="pp-class-166 pa t39451 l39454 ls2540">rather </span><span class="pp-class-166 pa t39451 l39455">than </span><span class="pp-class-166 pa t39451 l39456 ls856">through </span><span class="pp-class-166 pa t39457 l3 ls923">continuing </span><span class="pp-class-166 pa t39457 l22342">use.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39458 l3 ls4852">Management </span><span class="pp-class-170 pa t39458 l36376 ls4852">judgements </span><span class="pp-class-170 pa t39458 l36377 ls2257">and </span><span class="pp-class-170 pa t39458 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39459 l3">Judgement </span><span class="pp-class-166 pa t39459 l18929">is </span><span class="pp-class-166 pa t39459 l39460">applied </span><span class="pp-class-166 pa t39459 l39461">in </span><span class="pp-class-166 pa t39459 l39462 ls180">determining </span><span class="pp-class-166 pa t39459 l19274">the </span><span class="pp-class-166 pa t39459 l39463 ls2022">depreciation </span><span class="pp-class-166 pa t39459 l9484">period </span><span class="pp-class-166 pa t39459 l34510">and </span><span class="pp-class-166 pa t39459 l39464 ls564">future </span><span class="pp-class-166 pa t39459 l27094 ls66">residual </span><span class="pp-class-166 pa t39465 l3 ls101">value </span><span class="pp-class-166 pa t39465 l39466">of </span><span class="pp-class-166 pa t39465 l39467">the </span><span class="pp-class-166 pa t39465 l39468 ls4053">assets </span><span class="pp-class-166 pa t39465 l39469 ls564">recognised </span><span class="pp-class-166 pa t39465 l39470">and </span><span class="pp-class-166 pa t39465 l39471">is </span><span class="pp-class-166 pa t39465 l32876 ls1217">generally </span><span class="pp-class-166 pa t39465 l32197">based </span><span class="pp-class-166 pa t39465 l35685">on </span><span class="pp-class-166 pa t39465 l27215 ls164">historical </span><span class="pp-class-166 pa t39465 l39472 ls1119">experience. </span><span class="pp-class-166 pa t39473 l3 ls154">Reassessment </span><span class="pp-class-166 pa t39473 l39474">is </span><span class="pp-class-166 pa t39473 l39475">done </span><span class="pp-class-166 pa t39473 l5617">annually </span><span class="pp-class-166 pa t39473 l39476 ls135">to </span><span class="pp-class-166 pa t39473 l39477 ls1428">ascertain </span><span class="pp-class-166 pa t39473 l39478">that </span><span class="pp-class-166 pa t39473 l5632">the </span><span class="pp-class-166 pa t39473 l34613 ls2022">depreciation </span><span class="pp-class-166 pa t39473 l3779">basis </span><span class="pp-class-166 pa t39473 l13004">applied </span><span class="pp-class-166 pa t39479 l3">is </span><span class="pp-class-166 pa t39479 l5798 ls556">still </span><span class="pp-class-166 pa t39479 l39480 ls497">representative </span><span class="pp-class-166 pa t39479 l39481">and </span><span class="pp-class-166 pa t39479 l39482 ls461">reflects </span><span class="pp-class-166 pa t39479 l10669">the </span><span class="pp-class-166 pa t39479 l39483 ls70">expected </span><span class="pp-class-166 pa t39479 l31169 ls267">life </span><span class="pp-class-166 pa t39479 l39484">and </span><span class="pp-class-166 pa t39479 l39485 ls564">future </span><span class="pp-class-166 pa t39479 l39486 ls66">residual </span><span class="pp-class-166 pa t39479 l21088 ls101">value </span><span class="pp-class-166 pa t39479 l39487">of </span><span class="pp-class-166 pa t39488 l3">the </span><span class="pp-class-166 pa t39488 l1913 ls4053">assets.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39489 l3 ls1466">Climate-related </span><span class="pp-class-170 pa t39489 l36435 ls5278">risks</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39490 l3 ls205">Management </span><span class="pp-class-166 pa t39490 l35455">has </span><span class="pp-class-166 pa t39490 l31045 ls564">considered </span><span class="pp-class-166 pa t39490 l12235">the </span><span class="pp-class-166 pa t39490 l39491 ls1428">influence </span><span class="pp-class-166 pa t39490 l39492">of </span><span class="pp-class-166 pa t39490 l39493 ls2061">climate-related </span><span class="pp-class-166 pa t39490 l27295 ls1831">risks </span><span class="pp-class-166 pa t39490 l39494">on </span><span class="pp-class-166 pa t39490 l39495 ls1849">property, </span><span class="pp-class-166 pa t39496 l3">plant </span><span class="pp-class-166 pa t39496 l15290">and </span><span class="pp-class-166 pa t39496 l39497 ls4088">equipment, </span><span class="pp-class-166 pa t39496 l28250">including </span><span class="pp-class-166 pa t39496 l39498 ls66">inherent </span><span class="pp-class-166 pa t39496 l4378 ls1636">impact </span><span class="pp-class-166 pa t39496 l36858">on </span><span class="pp-class-166 pa t39496 l39499">useful </span><span class="pp-class-166 pa t39496 l39500 ls101">lives </span><span class="pp-class-166 pa t39496 l39501">of </span><span class="pp-class-166 pa t39496 l39502">underlying </span><span class="pp-class-166 pa t39503 l3 ls1428">asset </span><span class="pp-class-166 pa t39503 l37762 ls856">groups. </span><span class="pp-class-166 pa t39503 l29411 ls2061">Climate-related </span><span class="pp-class-166 pa t39503 l39504 ls1831">risks </span><span class="pp-class-166 pa t39503 l39505 ls226">assessed </span><span class="pp-class-166 pa t39503 l39506 ls704">encompass </span><span class="pp-class-166 pa t39503 l27557 ls2382">accelerated </span><span class="pp-class-166 pa t39503 l39507 ls1428">technolog-</span><span class="pp-class-166 pa t39508 l3 ls923">ical </span><span class="pp-class-166 pa t39508 l5799 ls218">deterioration </span><span class="pp-class-166 pa t39508 l39509">of </span><span class="pp-class-166 pa t39508 l39510 ls4053">assets </span><span class="pp-class-166 pa t39508 l39511">due </span><span class="pp-class-166 pa t39508 l27204 ls135">to </span><span class="pp-class-166 pa t39508 l26503 ls2061">climate-related </span><span class="pp-class-166 pa t39508 l39512 ls205">innovations, </span><span class="pp-class-166 pa t39508 l39513 ls3342">regulatory </span><span class="pp-class-166 pa t39514 l3 ls4405">requirements </span><span class="pp-class-166 pa t39514 l20793">and </span><span class="pp-class-166 pa t39514 l20794 ls740">customer </span><span class="pp-class-166 pa t39514 l28408">demand, </span><span class="pp-class-166 pa t39514 l39515">as </span><span class="pp-class-166 pa t39514 l39516 ls1122">well </span><span class="pp-class-166 pa t39514 l31187">as </span><span class="pp-class-166 pa t39514 l23975 ls107">increased </span><span class="pp-class-166 pa t39514 l1560">demolition </span><span class="pp-class-166 pa t39514 l39517">and </span><span class="pp-class-166 pa t39514 l1974 ls39518">re-</span><span class="pp-class-166 pa t39519 l3 ls3490">storation </span><span class="pp-class-166 pa t39519 l20224 ls1129">costs </span><span class="pp-class-166 pa t39519 l39520">on </span><span class="pp-class-166 pa t39519 l26755 ls66">premises </span><span class="pp-class-166 pa t39519 l39521 ls946">vacated, </span><span class="pp-class-166 pa t39519 l26398">due </span><span class="pp-class-166 pa t39519 l33299 ls135">to </span><span class="pp-class-166 pa t39519 l39522 ls552">stricter </span><span class="pp-class-166 pa t39519 l27007 ls851">environmental </span><span class="pp-class-166 pa t39519 l39523 ls740">regulations.</span></p></div></div> <div class="pp-class-4" id="pp-id-4384" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39153 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t39154 l3 ls5287">Accounting </span><span class="pp-class-170 pa t39154 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39155 l3">Land </span><span class="pp-class-166 pa t39155 l27377">and </span><span class="pp-class-166 pa t39155 l13295">buildings </span><span class="pp-class-166 pa t39155 l13044">and </span><span class="pp-class-166 pa t39155 l39156 ls75">other </span><span class="pp-class-166 pa t39155 l39157">plant </span><span class="pp-class-166 pa t39155 l39158">and </span><span class="pp-class-166 pa t39155 l27855 ls1217">operating </span><span class="pp-class-166 pa t39155 l14998">equipment </span><span class="pp-class-166 pa t39155 l39159 ls228">are </span><span class="pp-class-166 pa t39155 l7431 ls1528">measured </span><span class="pp-class-166 pa t39155 l27191">at </span><span class="pp-class-166 pa t39160 l3 ls3490">cost </span><span class="pp-class-166 pa t39160 l10527 ls48">less </span><span class="pp-class-166 pa t39160 l7164 ls189">accumulated </span><span class="pp-class-166 pa t39160 l13358 ls2022">depreciation </span><span class="pp-class-166 pa t39160 l39161">and </span><span class="pp-class-166 pa t39160 l11930">impairment </span><span class="pp-class-166 pa t39160 l39162 ls239">losses.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39163 l3">The </span><span class="pp-class-166 pa t39163 l1525 ls3490">cost </span><span class="pp-class-166 pa t39163 l1117 ls1428">comprises </span><span class="pp-class-166 pa t39163 l8944">the </span><span class="pp-class-166 pa t39163 l30487 ls86">acquisition </span><span class="pp-class-166 pa t39163 l15051 ls189">price </span><span class="pp-class-166 pa t39163 l39164">and </span><span class="pp-class-166 pa t39163 l30022 ls75">other </span><span class="pp-class-166 pa t39163 l39165 ls1129">costs </span><span class="pp-class-166 pa t39163 l39166 ls461">directly </span><span class="pp-class-166 pa t39163 l39167 ls461">attributable </span><span class="pp-class-166 pa t39163 l39168 ls135">to </span><span class="pp-class-166 pa t39169 l3 ls851">preparing </span><span class="pp-class-166 pa t39169 l4016">the </span><span class="pp-class-166 pa t39169 l30058 ls1428">asset </span><span class="pp-class-166 pa t39169 l10358 ls228">for </span><span class="pp-class-166 pa t39169 l10155">its </span><span class="pp-class-166 pa t39169 l39170 ls234">intended </span><span class="pp-class-166 pa t39169 l39171">use. </span><span class="pp-class-166 pa t39169 l39172">The </span><span class="pp-class-166 pa t39169 l35525 ls856">present </span><span class="pp-class-166 pa t39169 l39173 ls101">value </span><span class="pp-class-166 pa t39169 l3519">of </span><span class="pp-class-166 pa t39169 l10986 ls1217">estimated </span><span class="pp-class-166 pa t39169 l39174 ls1129">costs </span><span class="pp-class-166 pa t39175 l3 ls228">for </span><span class="pp-class-166 pa t39175 l2086">dismantling </span><span class="pp-class-166 pa t39175 l15207">and </span><span class="pp-class-166 pa t39175 l39176">disposing </span><span class="pp-class-166 pa t39175 l39177">of </span><span class="pp-class-166 pa t39175 l39178 ls4053">assets </span><span class="pp-class-166 pa t39175 l11011">as </span><span class="pp-class-166 pa t39175 l39179 ls1122">well </span><span class="pp-class-166 pa t39175 l23196">as </span><span class="pp-class-166 pa t39175 l39180 ls2382">restoration </span><span class="pp-class-166 pa t39175 l12277 ls1129">costs </span><span class="pp-class-166 pa t39175 l39181 ls228">are </span><span class="pp-class-166 pa t39175 l39182">added </span><span class="pp-class-166 pa t39183 l3 ls135">to </span><span class="pp-class-166 pa t39183 l2457">the </span><span class="pp-class-166 pa t39183 l3086 ls3490">cost </span><span class="pp-class-166 pa t39183 l39184">if </span><span class="pp-class-166 pa t39183 l14735">such </span><span class="pp-class-166 pa t39183 l20308 ls1129">costs </span><span class="pp-class-166 pa t39183 l39185 ls228">are </span><span class="pp-class-166 pa t39183 l10961 ls564">recognised </span><span class="pp-class-166 pa t39183 l11930">as </span><span class="pp-class-166 pa t39183 l19891 ls740">provisions. </span><span class="pp-class-166 pa t39183 l39186 ls1217">Material </span><span class="pp-class-166 pa t39183 l19329 ls856">borrowing </span><span class="pp-class-166 pa t39183 l39187 ls1129">costs </span><span class="pp-class-166 pa t39188 l3 ls461">directly </span><span class="pp-class-166 pa t39188 l37218 ls461">attributable </span><span class="pp-class-166 pa t39188 l37219 ls135">to </span><span class="pp-class-166 pa t39188 l37220">the </span><span class="pp-class-166 pa t39188 l32407 ls750">construction </span><span class="pp-class-166 pa t39188 l39189">of </span><span class="pp-class-166 pa t39188 l5222">the </span><span class="pp-class-166 pa t39188 l39190">individual </span><span class="pp-class-166 pa t39188 l39191 ls1428">asset </span><span class="pp-class-166 pa t39188 l36617 ls228">are </span><span class="pp-class-166 pa t39188 l19283">also </span><span class="pp-class-166 pa t39188 l39192">added </span><span class="pp-class-166 pa t39193 l3 ls135">to </span><span class="pp-class-166 pa t39193 l2457 ls3966">cost. </span></p></div></div><div class="pp-class-4" id="pp-id-4385" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39194 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39195 l3">If </span><span class="pp-class-166 pa t39195 l39196">the </span><span class="pp-class-166 pa t39195 l22334">individual </span><span class="pp-class-166 pa t39195 l14911 ls923">components </span><span class="pp-class-166 pa t39195 l39197">of </span><span class="pp-class-166 pa t39195 l39198">an </span><span class="pp-class-166 pa t39195 l31510 ls1428">asset </span><span class="pp-class-166 pa t39195 l20136 ls48">have </span><span class="pp-class-166 pa t39195 l39199 ls497">different </span><span class="pp-class-166 pa t39195 l39200">useful </span><span class="pp-class-166 pa t39195 l39201 ls239">lives, </span><span class="pp-class-166 pa t39195 l39202 ls48">each </span><span class="pp-class-166 pa t39203 l3 ls1428">component </span><span class="pp-class-166 pa t39203 l37697">will </span><span class="pp-class-166 pa t39203 l29520">be </span><span class="pp-class-166 pa t39203 l13044 ls5508">depreciated </span><span class="pp-class-166 pa t39203 l33092 ls4372">separately.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39204 l3">The </span><span class="pp-class-166 pa t39204 l1525 ls3490">cost </span><span class="pp-class-166 pa t39204 l1117">of </span><span class="pp-class-166 pa t39204 l12894 ls740">self-constructed </span><span class="pp-class-166 pa t39204 l39205 ls4053">assets </span><span class="pp-class-166 pa t39204 l39206 ls1428">comprises </span><span class="pp-class-166 pa t39204 l39207 ls1575">direct </span><span class="pp-class-166 pa t39204 l39208">and </span><span class="pp-class-166 pa t39204 l39209 ls461">indirect </span><span class="pp-class-166 pa t39204 l37342 ls1129">costs </span><span class="pp-class-166 pa t39204 l39210 ls228">for </span><span class="pp-class-166 pa t39211 l3 ls923">materials, </span><span class="pp-class-166 pa t39211 l5869 ls86">components, </span><span class="pp-class-166 pa t39211 l11039 ls1217">subcontractors, </span><span class="pp-class-166 pa t39211 l20068 ls75">wages </span><span class="pp-class-166 pa t39211 l31542">and </span><span class="pp-class-166 pa t39211 l2838">salaries. </span><span class="pp-class-166 pa t39211 l39212 ls180">Costs </span><span class="pp-class-166 pa t39211 l32388 ls228">for </span><span class="pp-class-166 pa t39211 l39213 ls39214">self-</span><span class="pp-class-166 pa t39215 l3 ls4053">constructed </span><span class="pp-class-166 pa t39215 l37735 ls4053">assets </span><span class="pp-class-166 pa t39215 l39216 ls228">are </span><span class="pp-class-166 pa t39215 l39217 ls564">recognised </span><span class="pp-class-166 pa t39215 l39218">as </span><span class="pp-class-166 pa t39215 l2091 ls1849">property, </span><span class="pp-class-166 pa t39215 l39219">plant </span><span class="pp-class-166 pa t39215 l39220">and </span><span class="pp-class-166 pa t39215 l39221">equipment </span><span class="pp-class-166 pa t39215 l39222">in </span><span class="pp-class-166 pa t39215 l39223 ls3681">progress </span><span class="pp-class-166 pa t39224 l3">on </span><span class="pp-class-166 pa t39224 l3683">an </span><span class="pp-class-166 pa t39224 l39225">ongoing </span><span class="pp-class-166 pa t39224 l39226">basis </span><span class="pp-class-166 pa t39224 l39227">until </span><span class="pp-class-166 pa t39224 l36628">the </span><span class="pp-class-166 pa t39224 l39228 ls4053">assets </span><span class="pp-class-166 pa t39224 l39229 ls228">are </span><span class="pp-class-166 pa t39224 l39230 ls1346">ready </span><span class="pp-class-166 pa t39224 l37666 ls228">for </span><span class="pp-class-166 pa t39224 l38661">use.</span></p></div></div><div class="pp-class-4" id="pp-id-4386" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39231 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39154 l3 ls3962">Subsequent </span><span class="pp-class-166 pa t39154 l39232 ls2708">costs, </span><span class="pp-class-166 pa t39154 l26790 ls1740">such </span><span class="pp-class-166 pa t39154 l39233 ls2540">as </span><span class="pp-class-166 pa t39154 l19232 ls1119">partial </span><span class="pp-class-166 pa t39154 l39234 ls1402">replacement </span><span class="pp-class-166 pa t39154 l39235 ls2540">of </span><span class="pp-class-166 pa t39154 l39236 ls4013">property, </span><span class="pp-class-166 pa t39154 l39237 ls2061">plant </span><span class="pp-class-166 pa t39154 l39238 ls1528">and </span><span class="pp-class-166 pa t39154 l39239 ls1740">equipment </span><span class="pp-class-166 pa t39155 l3">(PPE), </span><span class="pp-class-166 pa t39155 l2314 ls228">are </span><span class="pp-class-166 pa t39155 l10970">included </span><span class="pp-class-166 pa t39155 l39240">in </span><span class="pp-class-166 pa t39155 l39241">the </span><span class="pp-class-166 pa t39155 l39242 ls205">carrying </span><span class="pp-class-166 pa t39155 l39243">amount </span><span class="pp-class-166 pa t39155 l39244">of </span><span class="pp-class-166 pa t39155 l39245">the </span><span class="pp-class-166 pa t39155 l39246 ls1428">asset </span><span class="pp-class-166 pa t39155 l39247">in </span><span class="pp-class-166 pa t39155 l29441 ls158">question </span><span class="pp-class-166 pa t39155 l39248">when </span><span class="pp-class-166 pa t39155 l39249">it </span><span class="pp-class-166 pa t39155 l39250">is </span><span class="pp-class-166 pa t39160 l3 ls66">probable </span><span class="pp-class-166 pa t39160 l39251">that </span><span class="pp-class-166 pa t39160 l5422">such </span><span class="pp-class-166 pa t39160 l30389 ls1129">costs </span><span class="pp-class-166 pa t39160 l39252">will </span><span class="pp-class-166 pa t39160 l39253 ls564">result </span><span class="pp-class-166 pa t39160 l39254">in </span><span class="pp-class-166 pa t39160 l11413 ls564">future </span><span class="pp-class-166 pa t39160 l20000 ls234">economic </span><span class="pp-class-166 pa t39160 l39255">benefits. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39163 l3">The </span><span class="pp-class-166 pa t39163 l1525 ls205">carrying </span><span class="pp-class-166 pa t39163 l38408">amount </span><span class="pp-class-166 pa t39163 l5440">of </span><span class="pp-class-166 pa t39163 l38409">the </span><span class="pp-class-166 pa t39163 l11475 ls265">replaced </span><span class="pp-class-166 pa t39163 l39256 ls2030">parts </span><span class="pp-class-166 pa t39163 l39257">is </span><span class="pp-class-166 pa t39163 l39258">disposed </span><span class="pp-class-166 pa t39163 l39259 ls267">from </span><span class="pp-class-166 pa t39163 l39260">the </span><span class="pp-class-166 pa t39163 l39261">financial </span><span class="pp-class-166 pa t39169 l3">position </span><span class="pp-class-166 pa t39169 l39262">and </span><span class="pp-class-166 pa t39169 l39263 ls564">recognised </span><span class="pp-class-166 pa t39169 l39264">in </span><span class="pp-class-166 pa t39169 l20183">the </span><span class="pp-class-166 pa t39169 l27847 ls564">profit </span><span class="pp-class-166 pa t39169 l39265">or </span><span class="pp-class-166 pa t39169 l39266 ls48">loss.</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39410 l3">The </span><span class="pp-class-166 pa t39410 l1525">basis </span><span class="pp-class-166 pa t39410 l39411">of </span><span class="pp-class-166 pa t39410 l39412 ls2022">depreciation </span><span class="pp-class-166 pa t39410 l39413 ls497">takes </span><span class="pp-class-166 pa t39410 l39414 ls1122">into </span><span class="pp-class-166 pa t39410 l5941 ls614">account </span><span class="pp-class-166 pa t39410 l39415">the </span><span class="pp-class-166 pa t39410 l39416 ls66">residual </span><span class="pp-class-166 pa t39410 l39417 ls101">value </span><span class="pp-class-166 pa t39410 l39418">of </span><span class="pp-class-166 pa t39410 l39419 ls4053">assets </span><span class="pp-class-166 pa t39410 l39420">and </span><span class="pp-class-166 pa t39410 l39421">is </span><span class="pp-class-166 pa t39422 l3 ls1766">reduced </span><span class="pp-class-166 pa t39422 l39423">by </span><span class="pp-class-166 pa t39422 l30108">any </span><span class="pp-class-166 pa t39422 l20891">impairment </span><span class="pp-class-166 pa t39422 l20107 ls455">losses. </span><span class="pp-class-166 pa t39422 l39424">The </span><span class="pp-class-166 pa t39422 l39425 ls66">residual </span><span class="pp-class-166 pa t39422 l33202 ls101">value </span><span class="pp-class-166 pa t39422 l39426">is </span><span class="pp-class-166 pa t39422 l39427 ls2022">calculated </span><span class="pp-class-166 pa t39422 l20650">on </span><span class="pp-class-166 pa t39422 l39428">the </span><span class="pp-class-166 pa t39422 l39429 ls1122">date </span><span class="pp-class-166 pa t39430 l3">of </span><span class="pp-class-166 pa t39430 l2457 ls86">acquisition </span><span class="pp-class-166 pa t39430 l1222">and </span><span class="pp-class-166 pa t39430 l39431 ls1122">reassessed </span><span class="pp-class-166 pa t39430 l39432 ls1122">once </span><span class="pp-class-166 pa t39430 l39433">a </span><span class="pp-class-166 pa t39430 l29915 ls1536">year. </span><span class="pp-class-166 pa t39430 l39434 ls2022">Depreciation </span><span class="pp-class-166 pa t39430 l39435">will </span><span class="pp-class-166 pa t39430 l32402">be </span><span class="pp-class-166 pa t39430 l39436 ls740">halted </span><span class="pp-class-166 pa t39430 l39437">if </span><span class="pp-class-166 pa t39430 l39438">the </span><span class="pp-class-166 pa t39439 l3 ls66">residual </span><span class="pp-class-166 pa t39439 l39440 ls101">value </span><span class="pp-class-166 pa t39439 l7503 ls1416">exceeds </span><span class="pp-class-166 pa t39439 l37719">the </span><span class="pp-class-166 pa t39439 l39441 ls205">carrying </span><span class="pp-class-166 pa t39439 l12295">amount </span><span class="pp-class-166 pa t39439 l39442">of </span><span class="pp-class-166 pa t39439 l39443">the </span><span class="pp-class-166 pa t39439 l18763 ls3316">asset.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39444 l3 ls457">Assets </span><span class="pp-class-166 pa t39444 l35178 ls228">are </span><span class="pp-class-166 pa t39444 l39445 ls228">transferred </span><span class="pp-class-166 pa t39444 l31836 ls135">to </span><span class="pp-class-166 pa t39444 l39446 ls4053">assets </span><span class="pp-class-166 pa t39444 l9490">held </span><span class="pp-class-166 pa t39444 l30105 ls228">for </span><span class="pp-class-166 pa t39444 l39447">sale </span><span class="pp-class-166 pa t39444 l39448">if </span><span class="pp-class-166 pa t39444 l2491">it </span><span class="pp-class-166 pa t39444 l39449">is </span><span class="pp-class-166 pa t39444 l13710">highly </span><span class="pp-class-166 pa t39444 l29960 ls66">probable </span><span class="pp-class-166 pa t39444 l39450">that </span><span class="pp-class-166 pa t39444 l30545">their </span><span class="pp-class-166 pa t39451 l3 ls205">carrying </span><span class="pp-class-166 pa t39451 l36341">amount </span><span class="pp-class-166 pa t39451 l4946">will </span><span class="pp-class-166 pa t39451 l39452">be </span><span class="pp-class-166 pa t39451 l13297 ls2688">recovered </span><span class="pp-class-166 pa t39451 l39453">primarily </span><span class="pp-class-166 pa t39451 l5426 ls856">through </span><span class="pp-class-166 pa t39451 l10410">sale </span><span class="pp-class-166 pa t39451 l39454 ls2540">rather </span><span class="pp-class-166 pa t39451 l39455">than </span><span class="pp-class-166 pa t39451 l39456 ls856">through </span><span class="pp-class-166 pa t39457 l3 ls923">continuing </span><span class="pp-class-166 pa t39457 l22342">use.</span></p> <div class="pp-class-4" id="pp-id-4392" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h2916 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.4 </span><span class="pp-class-169 pa t254 l37093 ls39524">Contract </span><span class="pp-class-169 pa t254 l39525 ls29863">assets </span><span class="pp-class-169 pa t254 l39526 ls6611">and </span><span class="pp-class-169 pa t254 l39527 ls33616">accrued </span><span class="pp-class-169 pa t39368 l37093 ls37894">cost </span><span class="pp-class-169 pa t39368 l39528 ls3118">of </span><span class="pp-class-169 pa t39368 l36324 ls29826">services</span></p></div></div><div class="pp-class-4" id="pp-id-4393" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39529 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls461">Contract </span><span class="pp-class-166 pa t3330 l659 ls4053">assets </span><span class="pp-class-166 pa t3330 l32257">and </span><span class="pp-class-166 pa t3330 l36608 ls187">accrued </span><span class="pp-class-166 pa t3330 l25815 ls1129">costs </span><span class="pp-class-166 pa t3330 l39530">of </span><span class="pp-class-166 pa t3330 l23206 ls457">services </span><span class="pp-class-166 pa t3330 l39531">include </span><span class="pp-class-166 pa t3330 l29431 ls187">accrued </span><span class="pp-class-166 pa t3330 l33728 ls1410">revenue </span><span class="pp-class-166 pa t3330 l39532">and </span><span class="pp-class-166 pa t3338 l3 ls187">accrued </span><span class="pp-class-166 pa t3338 l1975 ls1129">costs </span><span class="pp-class-166 pa t3338 l39533 ls267">from </span><span class="pp-class-166 pa t3338 l21890 ls856">freight </span><span class="pp-class-166 pa t3338 l39534 ls3962">forwarding </span><span class="pp-class-166 pa t3338 l39535 ls890">services, </span><span class="pp-class-166 pa t3338 l8743 ls704">contract </span><span class="pp-class-166 pa t3338 l39536 ls1452">logistics </span><span class="pp-class-166 pa t3338 l39537">and </span><span class="pp-class-166 pa t3338 l39538 ls75">other </span><span class="pp-class-166 pa t3348 l3 ls1766">related </span><span class="pp-class-166 pa t3348 l10312 ls457">services </span><span class="pp-class-166 pa t3348 l33695">in </span><span class="pp-class-166 pa t3348 l2883 ls2081">progress. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3373 l3 ls461">Contract </span><span class="pp-class-166 pa t3373 l659 ls4053">assets </span><span class="pp-class-166 pa t3373 l32257 ls228">are </span><span class="pp-class-166 pa t3373 l39539 ls564">recognised </span><span class="pp-class-166 pa t3373 l22152">when </span><span class="pp-class-166 pa t3373 l39540">a </span><span class="pp-class-166 pa t3373 l11011">sales </span><span class="pp-class-166 pa t3373 l39541 ls750">transaction </span><span class="pp-class-166 pa t3373 l39542">fulfils </span><span class="pp-class-166 pa t3373 l39543">the </span><span class="pp-class-166 pa t3373 l39544 ls234">criteria </span><span class="pp-class-166 pa t3373 l21089 ls228">for </span><span class="pp-class-166 pa t3682 l3 ls1410">revenue </span><span class="pp-class-166 pa t3682 l28390 ls1528">recognition, </span><span class="pp-class-166 pa t3682 l29004">but </span><span class="pp-class-166 pa t3682 l20995">the </span><span class="pp-class-166 pa t3682 l39545">final </span><span class="pp-class-166 pa t3682 l39546 ls853">invoice </span><span class="pp-class-166 pa t3682 l39547">has </span><span class="pp-class-166 pa t3682 l39548 ls234">yet </span><span class="pp-class-166 pa t3682 l14998 ls135">to </span><span class="pp-class-166 pa t3682 l14705">be </span><span class="pp-class-166 pa t3682 l27083 ls239">issued </span><span class="pp-class-166 pa t3682 l39549 ls135">to </span><span class="pp-class-166 pa t3682 l19928">the </span><span class="pp-class-166 pa t3682 l39550 ls740">customer </span><span class="pp-class-166 pa t3375 l3 ls228">for </span><span class="pp-class-166 pa t3375 l2086">the </span><span class="pp-class-166 pa t3375 l2543 ls457">services </span><span class="pp-class-166 pa t3375 l14123 ls2476">delivered. </span><span class="pp-class-166 pa t3375 l9266 ls239">Please </span><span class="pp-class-166 pa t3375 l39551 ls1860">refer </span><span class="pp-class-166 pa t3375 l39552 ls135">to </span><span class="pp-class-171 pa t3375 l38990 ls73">note </span><span class="pp-class-171 pa t3375 l20287">4.5</span><span class="pp-class-166 pa t3375 l39553"/><span class="pp-class-166 pa t3375 l29022 ls228">for </span><span class="pp-class-166 pa t3375 l2304 ls164">disclosure </span><span class="pp-class-166 pa t3375 l39554">of </span><span class="pp-class-166 pa t3375 l32463 ls564">credit </span><span class="pp-class-166 pa t3375 l39555">risk, </span><span class="pp-class-166 pa t3387 l3">as </span><span class="pp-class-166 pa t3387 l2424 ls1129">trade </span><span class="pp-class-166 pa t3387 l39423 ls1444">receivables </span><span class="pp-class-166 pa t3387 l39556 ls394">carry </span><span class="pp-class-166 pa t3387 l32655 ls1575">substantially </span><span class="pp-class-166 pa t3387 l39557">the </span><span class="pp-class-166 pa t3387 l24727">same </span><span class="pp-class-166 pa t3387 l39558 ls1026">characteristics </span><span class="pp-class-166 pa t3387 l4905">as </span><span class="pp-class-166 pa t3387 l39559 ls704">contract </span><span class="pp-class-166 pa t3395 l3 ls4053">assets.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3722 l3 ls187">Accrued </span><span class="pp-class-166 pa t3722 l4185 ls1129">costs </span><span class="pp-class-166 pa t3722 l21722">of </span><span class="pp-class-166 pa t3722 l35897 ls457">services </span><span class="pp-class-166 pa t3722 l39560 ls228">are </span><span class="pp-class-166 pa t3722 l10714 ls1217">estimated </span><span class="pp-class-166 pa t3722 l39561">and </span><span class="pp-class-166 pa t3722 l39562 ls564">recognised </span><span class="pp-class-166 pa t3722 l39563">when </span><span class="pp-class-166 pa t3722 l20291">supplier </span><span class="pp-class-166 pa t3722 l39564 ls1217">invoices </span><span class="pp-class-166 pa t3728 l3 ls66">relating </span><span class="pp-class-166 pa t3728 l1943 ls135">to </span><span class="pp-class-166 pa t3728 l1759 ls564">recognised </span><span class="pp-class-166 pa t3728 l28664 ls1410">revenue </span><span class="pp-class-166 pa t3728 l39565 ls228">for </span><span class="pp-class-166 pa t3728 l39566">the </span><span class="pp-class-166 pa t3728 l9268 ls1428">reporting </span><span class="pp-class-166 pa t3728 l35758">period </span><span class="pp-class-166 pa t3728 l39567 ls48">have </span><span class="pp-class-166 pa t3728 l39568 ls234">yet </span><span class="pp-class-166 pa t3728 l39569 ls135">to </span><span class="pp-class-166 pa t3728 l39570">be </span><span class="pp-class-166 pa t3728 l39571 ls1416">received.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3427 l3 ls4852">Management </span><span class="pp-class-170 pa t3427 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3427 l36377 ls2257">and </span><span class="pp-class-170 pa t3427 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">In </span><span class="pp-class-166 pa t3439 l1589">the </span><span class="pp-class-166 pa t3439 l2053 ls614">preparation </span><span class="pp-class-166 pa t3439 l14960">of </span><span class="pp-class-166 pa t3439 l21528">the </span><span class="pp-class-166 pa t3439 l39572 ls1119">consolidated </span><span class="pp-class-166 pa t3439 l39573">financial </span><span class="pp-class-166 pa t3439 l39574 ls189">statements, </span><span class="pp-class-166 pa t3439 l39575 ls226">significant </span><span class="pp-class-166 pa t3439 l39576 ls461">esti-</span><span class="pp-class-166 pa t3451 l3 ls189">mates </span><span class="pp-class-166 pa t3451 l12338 ls228">are </span><span class="pp-class-166 pa t3451 l33156">applied </span><span class="pp-class-166 pa t3451 l39431">in </span><span class="pp-class-166 pa t3451 l39577 ls48">assessing </span><span class="pp-class-166 pa t3451 l18390 ls457">services </span><span class="pp-class-166 pa t3451 l39578">in </span><span class="pp-class-166 pa t3451 l39579 ls2081">progress, </span><span class="pp-class-166 pa t3451 l39580">including </span><span class="pp-class-166 pa t3451 l12291 ls187">accrual </span><span class="pp-class-166 pa t3451 l22358">of </span><span class="pp-class-166 pa t3451 l39581 ls740">income </span><span class="pp-class-166 pa t3466 l3">and </span><span class="pp-class-166 pa t3466 l1192">pertaining </span><span class="pp-class-166 pa t3466 l39582 ls1575">direct </span><span class="pp-class-166 pa t3466 l8870 ls2540">costs. </span><span class="pp-class-166 pa t3466 l39583">These </span><span class="pp-class-166 pa t3466 l27552 ls1217">estimates </span><span class="pp-class-166 pa t3466 l39584 ls228">are </span><span class="pp-class-166 pa t3466 l20878">based </span><span class="pp-class-166 pa t3466 l39585">on </span><span class="pp-class-166 pa t3466 l32370 ls189">experience </span><span class="pp-class-166 pa t3466 l12412">and </span><span class="pp-class-166 pa t3466 l22235 ls614">con-</span><span class="pp-class-166 pa t3471 l3">tinuous </span><span class="pp-class-166 pa t3471 l4625 ls851">follow-up </span><span class="pp-class-166 pa t3471 l3128">on </span><span class="pp-class-166 pa t3471 l39586 ls457">services </span><span class="pp-class-166 pa t3471 l39587">in </span><span class="pp-class-166 pa t3471 l21536 ls3681">progress </span><span class="pp-class-166 pa t3471 l7486 ls1528">relative </span><span class="pp-class-166 pa t3471 l12247 ls135">to </span><span class="pp-class-166 pa t3471 l39588 ls3042">subsequent </span><span class="pp-class-166 pa t3471 l39589 ls394">invoicing.</span></p></div></div> <div class="pp-class-4" id="pp-id-4394" xmlns="http://www.w3.org/1999/xhtml"><div class="w39590 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.5 </span><span class="pp-class-169 pa t254 l37093 ls10567">Inventories</span></p></div></div><div class="pp-class-4" id="pp-id-4395" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h29807 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls147">Write-downs </span><span class="pp-class-166 pa t3330 l39591">of </span><span class="pp-class-166 pa t3330 l39592 ls1761">inventories </span><span class="pp-class-166 pa t3330 l39593 ls135">to </span><span class="pp-class-166 pa t3330 l39594 ls234">net </span><span class="pp-class-166 pa t3330 l24430 ls2476">realisable </span><span class="pp-class-166 pa t3330 l39595 ls101">value </span><span class="pp-class-166 pa t3330 l39596 ls228">are </span><span class="pp-class-166 pa t3330 l39597 ls564">recognised </span><span class="pp-class-166 pa t3330 l39598">as </span><span class="pp-class-166 pa t3330 l39599 ls1575">direct </span><span class="pp-class-166 pa t3338 l3 ls1129">costs </span><span class="pp-class-166 pa t3338 l37981">in </span><span class="pp-class-166 pa t3338 l28440">the </span><span class="pp-class-166 pa t3338 l39600 ls1122">statement </span><span class="pp-class-166 pa t3338 l28975">of </span><span class="pp-class-166 pa t3338 l7389 ls564">profit </span><span class="pp-class-166 pa t3338 l7418">or </span><span class="pp-class-166 pa t3338 l27713 ls48">loss.</span></p></div></div><div id="pp-id-4396" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37956 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls12413">Inventories</span><span class="pp-class-166 pa t34823 l2516"/><span class="pp-class-166 pa t34823 l39601 ls166">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls1849">Property </span><span class="pp-class-166 pa t34827 l18817 ls461">projects </span><span class="pp-class-166 pa t34827 l1189">under </span><span class="pp-class-166 pa t34827 l1705 ls750">construction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">1,986</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28456">4,926</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1740">Stocks</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38036">109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28210">81</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37966 ls2690">2,095</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l37967 ls2690">5,007</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4397" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39602 pa t2 l3 wtro4 xx39603 tro6 xx39604"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39605 l3 ls1761">Inventories </span><span class="pp-class-166 pa t39605 l29125 ls740">consists </span><span class="pp-class-166 pa t39605 l39606">of </span><span class="pp-class-166 pa t39605 l39607 ls552">property </span><span class="pp-class-166 pa t39605 l39608 ls461">projects </span><span class="pp-class-166 pa t39605 l39609">under </span><span class="pp-class-166 pa t39605 l39610 ls750">construction </span><span class="pp-class-166 pa t39605 l39611">held </span><span class="pp-class-166 pa t39605 l39612 ls228">for </span><span class="pp-class-166 pa t39605 l3585">the </span><span class="pp-class-166 pa t39613 l3">purpose </span><span class="pp-class-166 pa t39613 l39614">of </span><span class="pp-class-166 pa t39613 l39615">sale </span><span class="pp-class-166 pa t39613 l39616">in </span><span class="pp-class-166 pa t39613 l39617">the </span><span class="pp-class-166 pa t39613 l26540 ls1849">ordinary </span><span class="pp-class-166 pa t39613 l39618 ls740">course </span><span class="pp-class-166 pa t39613 l39619">of </span><span class="pp-class-166 pa t39613 l39620 ls394">business </span><span class="pp-class-166 pa t39613 l39621">and </span><span class="pp-class-166 pa t39613 l39622 ls234">stocks. </span><span class="pp-class-166 pa t39613 l39623 ls180">Costs </span><span class="pp-class-166 pa t39613 l39624 ls66">relating </span><span class="pp-class-166 pa t39625 l3 ls135">to </span><span class="pp-class-166 pa t39625 l2457 ls552">property </span><span class="pp-class-166 pa t39625 l39626 ls461">projects </span><span class="pp-class-166 pa t39625 l39627 ls702">presented </span><span class="pp-class-166 pa t39625 l39628">within </span><span class="pp-class-166 pa t39625 l39629 ls1575">direct </span><span class="pp-class-166 pa t39625 l10463 ls1129">costs </span><span class="pp-class-166 pa t39625 l20894 ls1528">constitute </span><span class="pp-class-166 pa t39625 l27113 ls48">less </span><span class="pp-class-166 pa t39625 l39630">than </span><span class="pp-class-166 pa t39625 l39631">2% </span><span class="pp-class-166 pa t39625 l39632">of </span><span class="pp-class-166 pa t39633 l3 ls169">total </span><span class="pp-class-166 pa t39633 l32608 ls1575">direct </span><span class="pp-class-166 pa t39633 l3711 ls1129">costs </span><span class="pp-class-166 pa t39633 l39634">(2024: </span><span class="pp-class-166 pa t39633 l39635 ls48">less </span><span class="pp-class-166 pa t39633 l39636">than </span><span class="pp-class-166 pa t39633 l39637">3%).</span></p></div></div> <div class="pp-class-4" id="pp-id-4395" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h29807 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls147">Write-downs </span><span class="pp-class-166 pa t3330 l39591">of </span><span class="pp-class-166 pa t3330 l39592 ls1761">inventories </span><span class="pp-class-166 pa t3330 l39593 ls135">to </span><span class="pp-class-166 pa t3330 l39594 ls234">net </span><span class="pp-class-166 pa t3330 l24430 ls2476">realisable </span><span class="pp-class-166 pa t3330 l39595 ls101">value </span><span class="pp-class-166 pa t3330 l39596 ls228">are </span><span class="pp-class-166 pa t3330 l39597 ls564">recognised </span><span class="pp-class-166 pa t3330 l39598">as </span><span class="pp-class-166 pa t3330 l39599 ls1575">direct </span><span class="pp-class-166 pa t3338 l3 ls1129">costs </span><span class="pp-class-166 pa t3338 l37981">in </span><span class="pp-class-166 pa t3338 l28440">the </span><span class="pp-class-166 pa t3338 l39600 ls1122">statement </span><span class="pp-class-166 pa t3338 l28975">of </span><span class="pp-class-166 pa t3338 l7389 ls564">profit </span><span class="pp-class-166 pa t3338 l7418">or </span><span class="pp-class-166 pa t3338 l27713 ls48">loss.</span></p></div></div> <div class="pp-class-4" id="pp-id-4398" xmlns="http://www.w3.org/1999/xhtml"><div class="w39639 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.6 </span><span class="pp-class-169 pa t254 l37093 ls37362">Leases</span></p></div></div><div class="pp-class-4" id="pp-id-4399" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39640 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t39154 l3 ls5287">Accounting </span><span class="pp-class-170 pa t39154 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39155 l3 ls461">Whether </span><span class="pp-class-166 pa t39155 l31720">a </span><span class="pp-class-166 pa t39155 l21442 ls704">contract </span><span class="pp-class-166 pa t39155 l39641 ls66">contains </span><span class="pp-class-166 pa t39155 l6018">a </span><span class="pp-class-166 pa t39155 l39642 ls101">lease </span><span class="pp-class-166 pa t39155 l18886">is </span><span class="pp-class-166 pa t39155 l39643 ls226">assessed </span><span class="pp-class-166 pa t39155 l39644">at </span><span class="pp-class-166 pa t39155 l39645 ls704">contract </span><span class="pp-class-166 pa t39155 l32469 ls923">inception. </span><span class="pp-class-166 pa t39155 l39646 ls1740">For </span><span class="pp-class-166 pa t39155 l39647">iden-</span><span class="pp-class-166 pa t39160 l3">tified </span><span class="pp-class-166 pa t39160 l39648 ls455">leases, </span><span class="pp-class-166 pa t39160 l39649">a </span><span class="pp-class-166 pa t39160 l39650 ls977">right-of-use </span><span class="pp-class-166 pa t39160 l11510 ls101">(ROU) </span><span class="pp-class-166 pa t39160 l39651 ls1428">asset </span><span class="pp-class-166 pa t39160 l39652">and </span><span class="pp-class-166 pa t39160 l8963 ls5508">corresponding </span><span class="pp-class-166 pa t39160 l15196 ls101">lease </span><span class="pp-class-166 pa t39160 l39653 ls1732">liability </span><span class="pp-class-166 pa t39160 l39654 ls228">are </span><span class="pp-class-166 pa t39655 l3 ls564">recognised </span><span class="pp-class-166 pa t39655 l39656">on </span><span class="pp-class-166 pa t39655 l39657">the </span><span class="pp-class-166 pa t39655 l39658 ls101">lease </span><span class="pp-class-166 pa t39655 l2608 ls1119">commencement </span><span class="pp-class-166 pa t39655 l29021 ls189">date. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39169 l3 ls2690">Upon </span><span class="pp-class-166 pa t39169 l39659 ls2660">initial </span><span class="pp-class-166 pa t39169 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t39169 l39660 ls1853">the </span><span class="pp-class-166 pa t39169 l39661 ls6399">ROU </span><span class="pp-class-166 pa t39169 l2667 ls10010">asset </span><span class="pp-class-166 pa t39169 l39662 ls1866">is </span><span class="pp-class-166 pa t39169 l39663 ls2302">measured </span><span class="pp-class-166 pa t39169 l39664 ls1866">at </span><span class="pp-class-166 pa t39169 l38857 ls4132">cost </span><span class="pp-class-166 pa t39169 l15476 ls6662">corresponding </span><span class="pp-class-166 pa t39169 l39665 ls2302">to </span><span class="pp-class-166 pa t39169 l39666 ls2307">the </span><span class="pp-class-166 pa t39175 l3 ls1536">lease </span><span class="pp-class-166 pa t39175 l39667 ls6056">liability </span><span class="pp-class-166 pa t39175 l39668 ls13624">recognised, </span><span class="pp-class-166 pa t39175 l14630 ls191">adjusted </span><span class="pp-class-166 pa t39175 l39669 ls2289">for </span><span class="pp-class-166 pa t39175 l6215 ls1853">any </span><span class="pp-class-166 pa t39175 l32432 ls1536">lease </span><span class="pp-class-166 pa t39175 l16182 ls2666">prepayments </span><span class="pp-class-166 pa t39175 l39670 ls1866">or </span><span class="pp-class-166 pa t39175 l39671 ls2834">directly </span><span class="pp-class-166 pa t39175 l39672 ls7096">related </span><span class="pp-class-166 pa t39183 l3 ls6383">costs, </span><span class="pp-class-166 pa t39183 l1166 ls115">including </span><span class="pp-class-166 pa t39183 l39673 ls2786">dismantling </span><span class="pp-class-166 pa t39183 l22743 ls1853">and </span><span class="pp-class-166 pa t39183 l1095 ls2355">restoration </span><span class="pp-class-166 pa t39183 l39674 ls6383">costs. </span><span class="pp-class-166 pa t39183 l30027 ls1853">The </span><span class="pp-class-166 pa t39183 l39675 ls1536">lease </span><span class="pp-class-166 pa t39183 l39676 ls6056">liability </span><span class="pp-class-166 pa t39183 l39677 ls1866">is </span><span class="pp-class-166 pa t39183 l26285 ls172">measured </span><span class="pp-class-166 pa t39188 l3 ls1866">at </span><span class="pp-class-166 pa t39188 l39678 ls1853">the </span><span class="pp-class-166 pa t39188 l28707 ls4132">present </span><span class="pp-class-166 pa t39188 l21849 ls1536">value </span><span class="pp-class-166 pa t39188 l39679 ls1866">of </span><span class="pp-class-166 pa t39188 l34361 ls1536">lease </span><span class="pp-class-166 pa t39188 l28037 ls1498">payments </span><span class="pp-class-166 pa t39188 l39680 ls1866">of </span><span class="pp-class-166 pa t39188 l39681 ls1853">the </span><span class="pp-class-166 pa t39188 l39682 ls2495">leasing </span><span class="pp-class-166 pa t39188 l39683 ls1858">period </span><span class="pp-class-166 pa t39188 l39684 ls2300">discounted </span><span class="pp-class-166 pa t39188 l39685 ls2688">using </span><span class="pp-class-166 pa t39188 l39686 ls2307">the </span><span class="pp-class-166 pa t39193 l3 ls2682">interest </span><span class="pp-class-166 pa t39193 l39687 ls8712">rate </span><span class="pp-class-166 pa t39193 l2358 ls1498">implicit </span><span class="pp-class-166 pa t39193 l27466 ls1866">in </span><span class="pp-class-166 pa t39193 l5521 ls1853">the </span><span class="pp-class-166 pa t39193 l9898 ls1536">lease </span><span class="pp-class-166 pa t39193 l4580 ls1868">contract. </span><span class="pp-class-166 pa t39193 l39688 ls1866">In </span><span class="pp-class-166 pa t39193 l39689 ls2287">cases </span><span class="pp-class-166 pa t39193 l39690 ls2247">where </span><span class="pp-class-166 pa t39193 l39691 ls1853">the </span><span class="pp-class-166 pa t39193 l39692 ls1498">implicit </span><span class="pp-class-166 pa t39193 l39693 ls2682">interest </span><span class="pp-class-166 pa t39193 l39694 ls2353">rate </span><span class="pp-class-166 pa t39695 l3 ls6383">cannot </span><span class="pp-class-166 pa t39695 l39696 ls1866">be </span><span class="pp-class-166 pa t39695 l10313 ls2325">determined, </span><span class="pp-class-166 pa t39695 l39697 ls1866">an </span><span class="pp-class-166 pa t39695 l39698 ls13624">appropriate </span><span class="pp-class-166 pa t39695 l39515 ls1824">incremental </span><span class="pp-class-166 pa t39695 l39699 ls1853">DSV </span><span class="pp-class-166 pa t39695 l39700 ls2315">borrowing </span><span class="pp-class-166 pa t39695 l39701 ls8712">rate </span><span class="pp-class-166 pa t39695 l39702 ls1866">is </span><span class="pp-class-166 pa t39695 l39703 ls1866">used. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39704 l3 ls169">At </span><span class="pp-class-166 pa t39704 l5964">subsequent </span><span class="pp-class-166 pa t39704 l12947 ls2451">measurement, </span><span class="pp-class-166 pa t39704 l31010">the </span><span class="pp-class-166 pa t39704 l39705 ls1026">ROU </span><span class="pp-class-166 pa t39704 l30541 ls1428">asset </span><span class="pp-class-166 pa t39704 l39706">is </span><span class="pp-class-166 pa t39704 l29206 ls1528">measured </span><span class="pp-class-166 pa t39704 l39707 ls48">less </span><span class="pp-class-166 pa t39704 l39708 ls189">accumulated </span><span class="pp-class-166 pa t39704 l39709">de-</span><span class="pp-class-166 pa t39710 l3 ls164">preciation </span><span class="pp-class-166 pa t39710 l35120">and </span><span class="pp-class-166 pa t39710 l27711">impairment </span><span class="pp-class-166 pa t39710 l39711 ls239">losses </span><span class="pp-class-166 pa t39710 l12564">and </span><span class="pp-class-166 pa t39710 l39712 ls740">adjusted </span><span class="pp-class-166 pa t39710 l39713 ls228">for </span><span class="pp-class-166 pa t39710 l8904">any </span><span class="pp-class-166 pa t39710 l39714 ls1444">remeasurements </span><span class="pp-class-166 pa t39710 l39715">of </span><span class="pp-class-166 pa t39710 l39716">the </span><span class="pp-class-166 pa t39717 l3 ls101">lease </span><span class="pp-class-166 pa t39717 l10028 ls461">liability. </span><span class="pp-class-166 pa t39717 l5954 ls2022">Depreciation </span><span class="pp-class-166 pa t39717 l32802 ls856">follows </span><span class="pp-class-166 pa t39717 l21508">the </span><span class="pp-class-166 pa t39717 l39718 ls234">straight-line </span><span class="pp-class-166 pa t39717 l39719 ls93">method </span><span class="pp-class-166 pa t39717 l39720 ls48">over </span><span class="pp-class-166 pa t39717 l39721">the </span><span class="pp-class-166 pa t39717 l39722 ls101">lease </span><span class="pp-class-166 pa t39717 l39723 ls1122">term </span><span class="pp-class-166 pa t39724 l3">or </span><span class="pp-class-166 pa t39724 l21054">the </span><span class="pp-class-166 pa t39724 l4874">useful </span><span class="pp-class-166 pa t39724 l39725 ls267">life </span><span class="pp-class-166 pa t39724 l15164">of </span><span class="pp-class-166 pa t39724 l39726">the </span><span class="pp-class-166 pa t39724 l14922 ls1026">ROU </span><span class="pp-class-166 pa t39724 l32812 ls4182">asset, </span><span class="pp-class-166 pa t39724 l39727 ls394">whichever </span><span class="pp-class-166 pa t39724 l39728">is </span><span class="pp-class-166 pa t39724 l39729 ls1094">shortest. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39730 l3 ls2263">The </span><span class="pp-class-166 pa t39730 l28697 ls2816">lease </span><span class="pp-class-166 pa t39730 l5542 ls13638">liability </span><span class="pp-class-166 pa t39730 l39731 ls2273">is </span><span class="pp-class-166 pa t39730 l39732 ls13560">measured </span><span class="pp-class-166 pa t39730 l39733 ls2273">at </span><span class="pp-class-166 pa t39730 l39734 ls13149">amortised </span><span class="pp-class-166 pa t39730 l39735 ls24761">cost </span><span class="pp-class-166 pa t39730 l39736 ls13149">using </span><span class="pp-class-166 pa t39730 l39737 ls2263">the </span><span class="pp-class-166 pa t39730 l39738 ls2364">effective </span><span class="pp-class-166 pa t39730 l39739 ls9084">interest </span><span class="pp-class-166 pa t39730 l29511 ls2239">method </span><span class="pp-class-166 pa t39740 l3 ls1853">and </span><span class="pp-class-166 pa t39740 l2343 ls191">adjusted </span><span class="pp-class-166 pa t39740 l4130 ls2289">for </span><span class="pp-class-166 pa t39740 l20994 ls1853">any </span><span class="pp-class-166 pa t39740 l39741 ls2309">remeasurements </span><span class="pp-class-166 pa t39740 l39742 ls1866">or </span><span class="pp-class-166 pa t39740 l39743 ls2834">modifications </span><span class="pp-class-166 pa t39740 l39744 ls2690">made </span><span class="pp-class-166 pa t39740 l9333 ls2302">to </span><span class="pp-class-166 pa t39740 l39745 ls1853">the </span><span class="pp-class-166 pa t39740 l23735 ls1766">contract. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39746 l3 ls1026">ROU </span><span class="pp-class-166 pa t39746 l32675 ls4053">assets </span><span class="pp-class-166 pa t39746 l38087">and </span><span class="pp-class-166 pa t39746 l5094 ls101">lease </span><span class="pp-class-166 pa t39746 l524">liabilities </span><span class="pp-class-166 pa t39746 l6832 ls228">are </span><span class="pp-class-166 pa t39746 l39747 ls1528">not </span><span class="pp-class-166 pa t39746 l39748 ls564">recognised </span><span class="pp-class-166 pa t39746 l8844 ls228">for </span><span class="pp-class-166 pa t39746 l39749">low </span><span class="pp-class-166 pa t39746 l21618 ls101">value </span><span class="pp-class-166 pa t39746 l39750 ls101">lease </span><span class="pp-class-166 pa t39746 l39751 ls4053">assets </span><span class="pp-class-166 pa t39752 l3">or </span><span class="pp-class-166 pa t39752 l21054 ls239">leases </span><span class="pp-class-166 pa t39752 l13220">with </span><span class="pp-class-166 pa t39752 l39533">a </span><span class="pp-class-166 pa t39752 l39753 ls101">lease </span><span class="pp-class-166 pa t39752 l5184 ls1122">term </span><span class="pp-class-166 pa t39752 l28514">of </span><span class="pp-class-166 pa t39752 l39754">12 </span><span class="pp-class-166 pa t39752 l39755">months </span><span class="pp-class-166 pa t39752 l39756">or </span><span class="pp-class-166 pa t39752 l39757 ls101">less. </span><span class="pp-class-166 pa t39752 l39758">These </span><span class="pp-class-166 pa t39752 l39759 ls228">are </span><span class="pp-class-166 pa t39752 l39760 ls564">recognised </span><span class="pp-class-166 pa t39752 l39761">as </span><span class="pp-class-166 pa t39752 l39762">an </span><span class="pp-class-166 pa t39763 l3 ls1849">expense </span><span class="pp-class-166 pa t39763 l39764">on </span><span class="pp-class-166 pa t39763 l39765">a </span><span class="pp-class-166 pa t39763 l5176 ls234">straight-line </span><span class="pp-class-166 pa t39763 l39766">basis </span><span class="pp-class-166 pa t39763 l39767 ls48">over </span><span class="pp-class-166 pa t39763 l39768">the </span><span class="pp-class-166 pa t39763 l39769 ls1122">term </span><span class="pp-class-166 pa t39763 l39770">of </span><span class="pp-class-166 pa t39763 l19383">the </span><span class="pp-class-166 pa t39763 l39771 ls239">lease. </span></p></div></div><div class="pp-class-4" id="pp-id-4400" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39640 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39154 l3">Any </span><span class="pp-class-166 pa t39154 l33574 ls1915">service </span><span class="pp-class-166 pa t39154 l39772">elements </span><span class="pp-class-166 pa t39154 l39773 ls1217">separable </span><span class="pp-class-166 pa t39154 l39774 ls267">from </span><span class="pp-class-166 pa t39154 l20146">the </span><span class="pp-class-166 pa t39154 l39775 ls101">lease </span><span class="pp-class-166 pa t39154 l39776 ls704">contract </span><span class="pp-class-166 pa t39154 l39777 ls228">are </span><span class="pp-class-166 pa t39154 l39778 ls921">accounted </span><span class="pp-class-166 pa t39154 l39779 ls228">for </span><span class="pp-class-166 pa t39155 l3 ls851">following </span><span class="pp-class-166 pa t39155 l3761">the </span><span class="pp-class-166 pa t39155 l37718">same </span><span class="pp-class-166 pa t39155 l39780">principle. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39655 l3 ls455">Extension </span><span class="pp-class-166 pa t39655 l23286">options </span><span class="pp-class-166 pa t39655 l39781 ls228">are </span><span class="pp-class-166 pa t39655 l28534">only </span><span class="pp-class-166 pa t39655 l39782">included </span><span class="pp-class-166 pa t39655 l39783">in </span><span class="pp-class-166 pa t39655 l15009">the </span><span class="pp-class-166 pa t39655 l2227 ls101">lease </span><span class="pp-class-166 pa t39655 l39784 ls1122">term </span><span class="pp-class-166 pa t39655 l39785">if </span><span class="pp-class-166 pa t39655 l3500 ls853">extension </span><span class="pp-class-166 pa t39655 l39786">of </span><span class="pp-class-166 pa t39655 l39787">the </span><span class="pp-class-166 pa t39655 l39788 ls101">lease </span><span class="pp-class-166 pa t39655 l39789">is </span><span class="pp-class-166 pa t39163 l3 ls2476">reasonably </span><span class="pp-class-166 pa t39163 l39790 ls234">certain. </span><span class="pp-class-166 pa t39163 l32917">The </span><span class="pp-class-166 pa t39163 l39791 ls1617">majority </span><span class="pp-class-166 pa t39163 l4510">of </span><span class="pp-class-166 pa t39163 l39792 ls853">extension </span><span class="pp-class-166 pa t39163 l39793">and </span><span class="pp-class-166 pa t39163 l39794 ls86">termination </span><span class="pp-class-166 pa t39163 l39795">options </span><span class="pp-class-166 pa t39163 l25928">held </span><span class="pp-class-166 pa t39163 l39796 ls228">are </span><span class="pp-class-166 pa t39169 l3 ls12989">exercisable </span><span class="pp-class-166 pa t39169 l1721">only </span><span class="pp-class-166 pa t39169 l39797">by </span><span class="pp-class-166 pa t39169 l39798">the </span><span class="pp-class-166 pa t39169 l8968 ls497">Group </span><span class="pp-class-166 pa t39169 l29490">and </span><span class="pp-class-166 pa t39169 l39799 ls1528">not </span><span class="pp-class-166 pa t39169 l39800">by </span><span class="pp-class-166 pa t39169 l33268">the </span><span class="pp-class-166 pa t39169 l10723 ls143">respective </span><span class="pp-class-166 pa t39169 l39801 ls2708">lessor.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39183 l3 ls6399">ROU </span><span class="pp-class-166 pa t39183 l39802 ls7509">assets </span><span class="pp-class-166 pa t39183 l12359 ls3187">classified </span><span class="pp-class-166 pa t39183 l39803 ls1866">as </span><span class="pp-class-166 pa t39183 l39804 ls2690">land </span><span class="pp-class-166 pa t39183 l39805 ls1853">and </span><span class="pp-class-166 pa t39183 l39806 ls115">buildings </span><span class="pp-class-166 pa t39183 l39807 ls1858">mainly </span><span class="pp-class-166 pa t39183 l39808 ls2355">relate </span><span class="pp-class-166 pa t39183 l10900 ls2302">to </span><span class="pp-class-166 pa t39183 l3011 ls115">leases </span><span class="pp-class-166 pa t39183 l39809 ls1866">of </span><span class="pp-class-166 pa t39183 l33931 ls1663">warehouses, </span><span class="pp-class-166 pa t39188 l3 ls1428">terminals </span><span class="pp-class-166 pa t39188 l20242">and </span><span class="pp-class-166 pa t39188 l39810 ls93">office </span><span class="pp-class-166 pa t39188 l39811">buildings, </span><span class="pp-class-166 pa t39188 l26093 ls1410">whereas </span><span class="pp-class-166 pa t39188 l39812 ls4053">assets </span><span class="pp-class-166 pa t39188 l39813 ls564">recognised </span><span class="pp-class-166 pa t39188 l39209">as </span><span class="pp-class-166 pa t39188 l39814 ls75">other </span><span class="pp-class-166 pa t39188 l39815">plant </span><span class="pp-class-166 pa t39188 l39816">and </span><span class="pp-class-166 pa t39193 l3 ls1217">operating </span><span class="pp-class-166 pa t39193 l17518">equipment </span><span class="pp-class-166 pa t39193 l39817">mainly </span><span class="pp-class-166 pa t39193 l4925 ls2500">relate </span><span class="pp-class-166 pa t39193 l39818 ls135">to </span><span class="pp-class-166 pa t39193 l12655 ls239">leases </span><span class="pp-class-166 pa t39193 l39819">of </span><span class="pp-class-166 pa t39193 l39820 ls1217">trailers, </span><span class="pp-class-166 pa t39193 l39821 ls1839">trucks, </span><span class="pp-class-166 pa t39193 l39822 ls187">company </span><span class="pp-class-166 pa t39193 l39823 ls1575">cars, </span><span class="pp-class-166 pa t39695 l3 ls10">forklifts, </span><span class="pp-class-166 pa t39695 l28698">IT </span><span class="pp-class-166 pa t39695 l39824 ls1858">hardware </span><span class="pp-class-166 pa t39695 l4956">and </span><span class="pp-class-166 pa t39695 l8975 ls75">other </span><span class="pp-class-166 pa t39695 l39825 ls93">office </span><span class="pp-class-166 pa t39695 l26809 ls4088">equipment. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39704 l3">Land </span><span class="pp-class-166 pa t39704 l27377">and </span><span class="pp-class-166 pa t39704 l13295">building </span><span class="pp-class-166 pa t39704 l2317 ls239">leases </span><span class="pp-class-166 pa t39704 l39826">normally </span><span class="pp-class-166 pa t39704 l14937 ls48">have </span><span class="pp-class-166 pa t39704 l26483">a </span><span class="pp-class-166 pa t39704 l13472 ls101">lease </span><span class="pp-class-166 pa t39704 l39827 ls1122">term </span><span class="pp-class-166 pa t39704 l39828">of </span><span class="pp-class-166 pa t39704 l39829">up </span><span class="pp-class-166 pa t39704 l39830 ls135">to </span><span class="pp-class-166 pa t39704 l7315 ls614">ten </span><span class="pp-class-166 pa t39704 l39831 ls239">years, </span><span class="pp-class-166 pa t39704 l39832 ls1410">whereas </span><span class="pp-class-166 pa t39710 l3 ls239">leases </span><span class="pp-class-166 pa t39710 l26260">of </span><span class="pp-class-166 pa t39710 l38415 ls75">other </span><span class="pp-class-166 pa t39710 l28989">plant </span><span class="pp-class-166 pa t39710 l39833">and </span><span class="pp-class-166 pa t39710 l39834 ls1217">operating </span><span class="pp-class-166 pa t39710 l39835">equipment </span><span class="pp-class-166 pa t39710 l39836">normally </span><span class="pp-class-166 pa t39710 l22296 ls48">have </span><span class="pp-class-166 pa t39710 l37151">a </span><span class="pp-class-166 pa t39710 l39837 ls101">lease </span><span class="pp-class-166 pa t39710 l39838 ls1122">term </span><span class="pp-class-166 pa t39710 l39839">of </span><span class="pp-class-166 pa t39710 l39840">up </span><span class="pp-class-166 pa t39717 l3 ls135">to </span><span class="pp-class-166 pa t39717 l2457 ls48">five </span><span class="pp-class-166 pa t39717 l20667 ls239">years. </span><span class="pp-class-166 pa t39717 l15302">The </span><span class="pp-class-166 pa t39717 l8809 ls239">leases </span><span class="pp-class-166 pa t39717 l8634">may </span><span class="pp-class-166 pa t39717 l39841">include </span><span class="pp-class-166 pa t39717 l19478 ls853">extension </span><span class="pp-class-166 pa t39717 l31424">options </span><span class="pp-class-166 pa t39717 l39842">with </span><span class="pp-class-166 pa t39717 l30969">the </span><span class="pp-class-166 pa t39717 l30681 ls1428">intention </span><span class="pp-class-166 pa t39717 l39843">of </span><span class="pp-class-166 pa t39724 l3 ls564">securing </span><span class="pp-class-166 pa t39724 l39844 ls564">flexibility </span><span class="pp-class-166 pa t39724 l4033 ls2540">in </span><span class="pp-class-166 pa t39724 l39845 ls1528">the </span><span class="pp-class-166 pa t39724 l39846 ls2236">lease </span><span class="pp-class-166 pa t39724 l15318 ls75">– </span><span class="pp-class-166 pa t39724 l39847 ls7049">however, </span><span class="pp-class-166 pa t39724 l39848 ls1528">any </span><span class="pp-class-166 pa t39724 l39849 ls4405">leasing </span><span class="pp-class-166 pa t39724 l35608 ls1444">period </span><span class="pp-class-166 pa t39724 l39850 ls2540">beyond </span><span class="pp-class-166 pa t39724 l39851 ls1528">the </span><span class="pp-class-166 pa t39724 l39852 ls147">normal </span><span class="pp-class-166 pa t39853 l3 ls614">ten </span><span class="pp-class-166 pa t39853 l39854 ls101">years </span><span class="pp-class-166 pa t39853 l38375 ls70">expected </span><span class="pp-class-166 pa t39853 l39855">at </span><span class="pp-class-166 pa t39853 l38155">the </span><span class="pp-class-166 pa t39853 l39856">initiation </span><span class="pp-class-166 pa t39853 l39857">of </span><span class="pp-class-166 pa t39853 l22016">the </span><span class="pp-class-166 pa t39853 l39858 ls101">lease </span><span class="pp-class-166 pa t39853 l39859">will </span><span class="pp-class-166 pa t39853 l38010">normally </span><span class="pp-class-166 pa t39853 l39860">be </span><span class="pp-class-166 pa t39853 l39861 ls826">reflected </span><span class="pp-class-166 pa t39730 l3">in </span><span class="pp-class-166 pa t39730 l1746">the </span><span class="pp-class-166 pa t39730 l1747 ls4053">contractual </span><span class="pp-class-166 pa t39730 l39862 ls101">lease </span><span class="pp-class-166 pa t39730 l2703 ls1122">term </span><span class="pp-class-166 pa t39730 l39863 ls564">agreed.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39864 l3 ls4852">Management </span><span class="pp-class-170 pa t39864 l36376 ls4852">judgements </span><span class="pp-class-170 pa t39864 l36377 ls2257">and </span><span class="pp-class-170 pa t39864 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39746 l3">In </span><span class="pp-class-166 pa t39746 l1589 ls946">accounting </span><span class="pp-class-166 pa t39746 l39865 ls228">for </span><span class="pp-class-166 pa t39746 l39866 ls101">lease </span><span class="pp-class-166 pa t39746 l13367 ls1761">contracts, </span><span class="pp-class-166 pa t39746 l12887 ls455">various </span><span class="pp-class-166 pa t39746 l39867">judgements </span><span class="pp-class-166 pa t39746 l20648 ls228">are </span><span class="pp-class-166 pa t39746 l39868">applied </span><span class="pp-class-166 pa t39746 l39869">in </span><span class="pp-class-166 pa t39746 l39870 ls180">determining </span><span class="pp-class-166 pa t39752 l3 ls614">ROU </span><span class="pp-class-166 pa t39752 l39871 ls2870">assets </span><span class="pp-class-166 pa t39752 l28343 ls1528">and </span><span class="pp-class-166 pa t39752 l39872 ls2236">lease </span><span class="pp-class-166 pa t39752 l4238 ls3490">liabilities. </span><span class="pp-class-166 pa t39752 l39873 ls3962">Judgements </span><span class="pp-class-166 pa t39752 l12846 ls1021">include </span><span class="pp-class-166 pa t39752 l30349 ls12989">assessment </span><span class="pp-class-166 pa t39752 l39874 ls2540">of </span><span class="pp-class-166 pa t39752 l39875 ls2236">lease </span><span class="pp-class-166 pa t39752 l39876 ls856">periods, </span><span class="pp-class-166 pa t39763 l3">utilisation </span><span class="pp-class-166 pa t39763 l39877">of </span><span class="pp-class-166 pa t39763 l39878 ls853">extension </span><span class="pp-class-166 pa t39763 l8585">and </span><span class="pp-class-166 pa t39763 l39879 ls86">termination </span><span class="pp-class-166 pa t39763 l37709">options </span><span class="pp-class-166 pa t39763 l39880">and </span><span class="pp-class-166 pa t39763 l39881 ls1026">applicable </span><span class="pp-class-166 pa t39763 l39882 ls234">discount </span><span class="pp-class-166 pa t39763 l30721 ls2870">rates. </span></p></div></div><div class="pp-class-4" id="pp-id-4401" xmlns="http://www.w3.org/1999/xhtml"><div class="w39883 h39884 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l39885 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l39886">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37810 l3 ls169">Right-of-use </span><span class="pp-class-170 pa t37810 l39887 ls1174">assets</span><span class="pp-class-166 pa t37810 l39888"/><span class="pp-class-166 pa t37810 l39889">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l39890">Land </span><span class="pp-class-166 pa t37810 l39891">and </span><span class="pp-class-166 pa t37810 l39892">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l39893">Other </span><span class="pp-class-166 pa t33223 l39894">plant</span><span class="pp-class-166 pa t33226 l39895">and </span><span class="pp-class-166 pa t33226 l39896 ls1217">operating </span><span class="pp-class-166 pa t37810 l39897">equipment </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l39898 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l39899">Land </span><span class="pp-class-166 pa t37810 l39900">and </span><span class="pp-class-166 pa t37810 l39901">buildings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l39902">Other </span><span class="pp-class-166 pa t33223 l39903">plant </span><span class="pp-class-166 pa t33226 l39904">and </span><span class="pp-class-166 pa t33226 l39905 ls1217">operating </span><span class="pp-class-166 pa t37810 l39906">equipment </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l39907 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39908 l3 ls3593">Carrying </span><span class="pp-class-166 pa t39908 l38902">amount </span><span class="pp-class-166 pa t39908 l4237">at </span><span class="pp-class-166 pa t39908 l13706">1 </span><span class="pp-class-166 pa t39908 l28534 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39908 l39909">18,459</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39908 l39910">254</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39908 l39911">18,713</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39908 l39912">15,356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39908 l39913">299</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39908 l39914">15,655</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39915 l3">Additions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39915 l39916">7,749</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39915 l39917">32</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39915 l39918">7,781</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39915 l39919">7,552</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39915 l39920">30</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39915 l39921">7,582</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39922 l3">Additions </span><span class="pp-class-166 pa t39922 l35356 ls267">from </span><span class="pp-class-166 pa t39922 l39069 ls394">business </span><span class="pp-class-166 pa t39922 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39922 l39916">8,642</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39922 l39923">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39922 l39918">8,642</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39922 l39924">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39922 l39925">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39922 l39926">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37831 l3">Disposals</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37831 l39927">(245)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37831 l39923">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37831 l39928">(245)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37831 l39929">(305)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37831 l39930">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37831 l39931">(311)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39932 l3 ls2022">Depreciation </span><span class="pp-class-166 pa t39932 l39345 ls228">for </span><span class="pp-class-166 pa t39932 l39346">the </span><span class="pp-class-166 pa t39932 l39347 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39932 l39933">(6,315)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39932 l39934">(59)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39932 l39935">(6,374)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39932 l39936">(4,338)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39932 l39937">(78)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39932 l39938">(4,416)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39939 l3 ls187">Currency </span><span class="pp-class-166 pa t39939 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39939 l39927">(745)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39939 l39923">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39939 l39928">(745)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39939 l39940">194</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39939 l39941">9</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39939 l39942">203</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39943 l3 ls228">Carrying </span><span class="pp-class-170 pa t39943 l20159 ls1858">amount </span><span class="pp-class-170 pa t39943 l39145 ls1866">at </span><span class="pp-class-170 pa t39943 l39146 ls1866">31 </span><span class="pp-class-170 pa t39943 l39147 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39943 l39944 ls2688">27,545</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39943 l39945 ls1866">227</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39943 l39946 ls2688">27,772</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39943 l39947 ls2688">18,459</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39943 l39948 ls1866">254</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39943 l39949 ls2688">18,713</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4402" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39950 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39154 l3 ls2179">Analysis </span><span class="pp-class-166 pa t39154 l39951">of </span><span class="pp-class-166 pa t39154 l34145 ls101">lease </span><span class="pp-class-166 pa t39154 l39952">liabilities </span><span class="pp-class-166 pa t39154 l39953">showing </span><span class="pp-class-166 pa t39154 l39954">the </span><span class="pp-class-166 pa t39154 l39955 ls851">remaining </span><span class="pp-class-166 pa t39154 l39956 ls4053">contractual </span><span class="pp-class-166 pa t39154 l39957">maturities </span><span class="pp-class-166 pa t39154 l39958">is </span><span class="pp-class-166 pa t39154 l39959 ls228">pro-</span><span class="pp-class-166 pa t39155 l3">vided </span><span class="pp-class-166 pa t39155 l39960">in </span><span class="pp-class-166 pa t39155 l39961">the </span><span class="pp-class-166 pa t39155 l39962 ls180">table </span><span class="pp-class-166 pa t39155 l37352 ls794">below:</span></p></div></div><div class="pp-class-4" id="pp-id-4403" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39963 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39964 l3 ls2305">Contractual </span><span class="pp-class-170 pa t39964 l1023 ls1766">maturity </span><span class="pp-class-170 pa t39965 l3 ls1866">of </span><span class="pp-class-170 pa t39965 l37787 ls2786">lease </span><span class="pp-class-170 pa t39965 l39966 ls2275">liabilities</span><span class="pp-class-166 pa t39965 l39967"/><span class="pp-class-166 pa t39965 l16937">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39965 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39965 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3">0-1 </span><span class="pp-class-166 pa t35090 l39021 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">8,368</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28456">5,447</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">1-5 </span><span class="pp-class-166 pa t35092 l39021 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l37933">19,679</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28139">14,224</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3">&gt; </span><span class="pp-class-166 pa t35098 l2138">5 </span><span class="pp-class-166 pa t35098 l26644 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l37933">11,054</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28456">7,674</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34838 l3 ls15293">Total </span><span class="pp-class-170 pa t34838 l34893 ls2666">undiscounted </span><span class="pp-class-170 pa t34838 l39968 ls1853">lease </span><span class="pp-class-170 pa t39969 l3 ls2786">liabilities </span><span class="pp-class-170 pa t39969 l39970 ls1866">at </span><span class="pp-class-170 pa t39969 l39971 ls1866">31 </span><span class="pp-class-170 pa t39969 l8847 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39969 l38039 ls2688">39,101</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39969 l38040 ls2688">27,345</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t39972 l3 ls921">Non-current/current </span><span class="pp-class-172 pa t39972 l7094 ls461">classification </span><span class="pp-class-172 pa t39972 l39973 ls2540">(discounted)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39974 l3 ls147">Non-current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39974 l37933">24,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39974 l28139">17,324</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39975 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39975 l37867">6,846</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39975 l28456">4,349</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4404" xmlns="http://www.w3.org/1999/xhtml"><div class="w39976 h39977 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39978 l3">The </span><span class="pp-class-166 pa t39978 l1525 ls564">profit </span><span class="pp-class-166 pa t39978 l39979">or </span><span class="pp-class-166 pa t39978 l39980 ls48">loss </span><span class="pp-class-166 pa t39978 l26442">and </span><span class="pp-class-166 pa t39978 l39981 ls923">cash </span><span class="pp-class-166 pa t39978 l39982">flow </span><span class="pp-class-166 pa t39978 l39983 ls1636">impact </span><span class="pp-class-166 pa t39978 l39984">of </span><span class="pp-class-166 pa t39978 l39985 ls239">leases </span><span class="pp-class-166 pa t39978 l39986 ls564">recognised </span><span class="pp-class-166 pa t39978 l9264 ls228">for </span><span class="pp-class-166 pa t39978 l39987">the </span><span class="pp-class-166 pa t39978 l39988 ls48">year </span><span class="pp-class-166 pa t39978 l21099 ls228">are </span><span class="pp-class-166 pa t39989 l3">specified </span><span class="pp-class-166 pa t39989 l4120 ls794">below:</span></p></div></div><div class="pp-class-4" id="pp-id-4405" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39990 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39964 l3 ls4703">Lease </span><span class="pp-class-170 pa t39964 l39991 ls13591">effects </span><span class="pp-class-170 pa t39964 l39992 ls2300">recognised </span><span class="pp-class-170 pa t39964 l39993 ls1866">in </span><span class="pp-class-170 pa t39964 l39994 ls23013">profit </span><span class="pp-class-170 pa t39965 l3 ls1866">or </span><span class="pp-class-170 pa t39965 l39995 ls115">loss </span><span class="pp-class-170 pa t39965 l22245 ls1853">and </span><span class="pp-class-170 pa t39965 l39996 ls83">cash </span><span class="pp-class-170 pa t39965 l39997 ls2690">flow </span><span class="pp-class-166 pa t39965 l39998">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39965 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39965 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t35090 l3 ls6056">Profit </span><span class="pp-class-172 pa t35090 l34900">or </span><span class="pp-class-172 pa t35090 l18878 ls70">loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls740">Income </span><span class="pp-class-166 pa t35092 l8800 ls267">from </span><span class="pp-class-166 pa t35092 l37009 ls205">subleasing </span><span class="pp-class-166 pa t35092 l20124">of </span><span class="pp-class-166 pa t35092 l19295 ls1026">ROU </span><span class="pp-class-166 pa t35092 l39999 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38036">168</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28210">94</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3">Gain </span><span class="pp-class-166 pa t35098 l40000">on </span><span class="pp-class-166 pa t35098 l1193">sale </span><span class="pp-class-166 pa t35098 l40001">and </span><span class="pp-class-166 pa t35098 l26376 ls394">leaseback </span><span class="pp-class-166 pa t35098 l40002 ls750">transactions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l38036">342</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28210">56</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls63">Expenses </span><span class="pp-class-166 pa t35099 l40003 ls66">relating </span><span class="pp-class-166 pa t35099 l29914 ls135">to </span><span class="pp-class-166 pa t35099 l10833 ls239">short-term </span><span class="pp-class-166 pa t35099 l40004 ls101">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l40005">(987)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l40006">(564)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l3 ls63">Expenses </span><span class="pp-class-166 pa t35102 l40003 ls66">relating </span><span class="pp-class-166 pa t35102 l29914 ls135">to </span><span class="pp-class-166 pa t35102 l10833 ls239">leases </span><span class="pp-class-166 pa t35102 l29444">of </span><span class="pp-class-166 pa t35102 l40007 ls394">low-value </span><span class="pp-class-166 pa t35102 l40008 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l40009">(1,719)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35102 l40006">(780)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38096 l3 ls1319">Expenses </span><span class="pp-class-166 pa t38096 l40010 ls5045">relating </span><span class="pp-class-166 pa t38096 l30674 ls2302">to </span><span class="pp-class-166 pa t38096 l7321 ls5048">variable </span><span class="pp-class-166 pa t38096 l40011 ls1536">lease </span><span class="pp-class-166 pa t38096 l40012 ls1498">payments </span><span class="pp-class-166 pa t38096 l40013 ls2660">not </span><span class="pp-class-166 pa t38313 l3">included </span><span class="pp-class-166 pa t38313 l22061">in </span><span class="pp-class-166 pa t38313 l12841">the </span><span class="pp-class-166 pa t38313 l7436 ls164">measurement </span><span class="pp-class-166 pa t38313 l40014">of </span><span class="pp-class-166 pa t38313 l8881 ls101">lease </span><span class="pp-class-166 pa t38313 l14879">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l40005">(161)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38313 l38103">(74)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40015 l3 ls2022">Depreciation </span><span class="pp-class-166 pa t40015 l39345">of </span><span class="pp-class-166 pa t40015 l40016 ls1026">ROU </span><span class="pp-class-166 pa t40015 l40017 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40015 l40009">(6,374)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40015 l37964">(4,416)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40018 l3 ls135">Interest </span><span class="pp-class-166 pa t40018 l8671 ls1683">expenses </span><span class="pp-class-166 pa t40018 l38303">on </span><span class="pp-class-166 pa t40018 l38304 ls101">lease </span><span class="pp-class-166 pa t40018 l31310">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40018 l40009">(1,669)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40018 l37964">(1,152)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40019 l3 ls13605">Total </span><span class="pp-class-170 pa t40019 l40020 ls2540">profit </span><span class="pp-class-170 pa t40019 l40021">or </span><span class="pp-class-170 pa t40019 l40022 ls461">loss </span><span class="pp-class-170 pa t40019 l40023 ls6399">for </span><span class="pp-class-170 pa t40019 l33351 ls556">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40019 l40024">(10,400)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40019 l40025">(6,836)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40026 l3 ls3593">Cash </span><span class="pp-class-172 pa t40026 l10969">flow</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40027 l3 ls13605">Total </span><span class="pp-class-170 pa t40027 l40020 ls48">cash </span><span class="pp-class-170 pa t40027 l40028">outflow </span><span class="pp-class-170 pa t40027 l40029 ls6399">for </span><span class="pp-class-170 pa t40027 l40030 ls556">leases</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40027 l40031">10,104</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40027 l37964">6,822</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4399" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39640 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t39154 l3 ls5287">Accounting </span><span class="pp-class-170 pa t39154 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39155 l3 ls461">Whether </span><span class="pp-class-166 pa t39155 l31720">a </span><span class="pp-class-166 pa t39155 l21442 ls704">contract </span><span class="pp-class-166 pa t39155 l39641 ls66">contains </span><span class="pp-class-166 pa t39155 l6018">a </span><span class="pp-class-166 pa t39155 l39642 ls101">lease </span><span class="pp-class-166 pa t39155 l18886">is </span><span class="pp-class-166 pa t39155 l39643 ls226">assessed </span><span class="pp-class-166 pa t39155 l39644">at </span><span class="pp-class-166 pa t39155 l39645 ls704">contract </span><span class="pp-class-166 pa t39155 l32469 ls923">inception. </span><span class="pp-class-166 pa t39155 l39646 ls1740">For </span><span class="pp-class-166 pa t39155 l39647">iden-</span><span class="pp-class-166 pa t39160 l3">tified </span><span class="pp-class-166 pa t39160 l39648 ls455">leases, </span><span class="pp-class-166 pa t39160 l39649">a </span><span class="pp-class-166 pa t39160 l39650 ls977">right-of-use </span><span class="pp-class-166 pa t39160 l11510 ls101">(ROU) </span><span class="pp-class-166 pa t39160 l39651 ls1428">asset </span><span class="pp-class-166 pa t39160 l39652">and </span><span class="pp-class-166 pa t39160 l8963 ls5508">corresponding </span><span class="pp-class-166 pa t39160 l15196 ls101">lease </span><span class="pp-class-166 pa t39160 l39653 ls1732">liability </span><span class="pp-class-166 pa t39160 l39654 ls228">are </span><span class="pp-class-166 pa t39655 l3 ls564">recognised </span><span class="pp-class-166 pa t39655 l39656">on </span><span class="pp-class-166 pa t39655 l39657">the </span><span class="pp-class-166 pa t39655 l39658 ls101">lease </span><span class="pp-class-166 pa t39655 l2608 ls1119">commencement </span><span class="pp-class-166 pa t39655 l29021 ls189">date. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39169 l3 ls2690">Upon </span><span class="pp-class-166 pa t39169 l39659 ls2660">initial </span><span class="pp-class-166 pa t39169 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t39169 l39660 ls1853">the </span><span class="pp-class-166 pa t39169 l39661 ls6399">ROU </span><span class="pp-class-166 pa t39169 l2667 ls10010">asset </span><span class="pp-class-166 pa t39169 l39662 ls1866">is </span><span class="pp-class-166 pa t39169 l39663 ls2302">measured </span><span class="pp-class-166 pa t39169 l39664 ls1866">at </span><span class="pp-class-166 pa t39169 l38857 ls4132">cost </span><span class="pp-class-166 pa t39169 l15476 ls6662">corresponding </span><span class="pp-class-166 pa t39169 l39665 ls2302">to </span><span class="pp-class-166 pa t39169 l39666 ls2307">the </span><span class="pp-class-166 pa t39175 l3 ls1536">lease </span><span class="pp-class-166 pa t39175 l39667 ls6056">liability </span><span class="pp-class-166 pa t39175 l39668 ls13624">recognised, </span><span class="pp-class-166 pa t39175 l14630 ls191">adjusted </span><span class="pp-class-166 pa t39175 l39669 ls2289">for </span><span class="pp-class-166 pa t39175 l6215 ls1853">any </span><span class="pp-class-166 pa t39175 l32432 ls1536">lease </span><span class="pp-class-166 pa t39175 l16182 ls2666">prepayments </span><span class="pp-class-166 pa t39175 l39670 ls1866">or </span><span class="pp-class-166 pa t39175 l39671 ls2834">directly </span><span class="pp-class-166 pa t39175 l39672 ls7096">related </span><span class="pp-class-166 pa t39183 l3 ls6383">costs, </span><span class="pp-class-166 pa t39183 l1166 ls115">including </span><span class="pp-class-166 pa t39183 l39673 ls2786">dismantling </span><span class="pp-class-166 pa t39183 l22743 ls1853">and </span><span class="pp-class-166 pa t39183 l1095 ls2355">restoration </span><span class="pp-class-166 pa t39183 l39674 ls6383">costs. </span><span class="pp-class-166 pa t39183 l30027 ls1853">The </span><span class="pp-class-166 pa t39183 l39675 ls1536">lease </span><span class="pp-class-166 pa t39183 l39676 ls6056">liability </span><span class="pp-class-166 pa t39183 l39677 ls1866">is </span><span class="pp-class-166 pa t39183 l26285 ls172">measured </span><span class="pp-class-166 pa t39188 l3 ls1866">at </span><span class="pp-class-166 pa t39188 l39678 ls1853">the </span><span class="pp-class-166 pa t39188 l28707 ls4132">present </span><span class="pp-class-166 pa t39188 l21849 ls1536">value </span><span class="pp-class-166 pa t39188 l39679 ls1866">of </span><span class="pp-class-166 pa t39188 l34361 ls1536">lease </span><span class="pp-class-166 pa t39188 l28037 ls1498">payments </span><span class="pp-class-166 pa t39188 l39680 ls1866">of </span><span class="pp-class-166 pa t39188 l39681 ls1853">the </span><span class="pp-class-166 pa t39188 l39682 ls2495">leasing </span><span class="pp-class-166 pa t39188 l39683 ls1858">period </span><span class="pp-class-166 pa t39188 l39684 ls2300">discounted </span><span class="pp-class-166 pa t39188 l39685 ls2688">using </span><span class="pp-class-166 pa t39188 l39686 ls2307">the </span><span class="pp-class-166 pa t39193 l3 ls2682">interest </span><span class="pp-class-166 pa t39193 l39687 ls8712">rate </span><span class="pp-class-166 pa t39193 l2358 ls1498">implicit </span><span class="pp-class-166 pa t39193 l27466 ls1866">in </span><span class="pp-class-166 pa t39193 l5521 ls1853">the </span><span class="pp-class-166 pa t39193 l9898 ls1536">lease </span><span class="pp-class-166 pa t39193 l4580 ls1868">contract. </span><span class="pp-class-166 pa t39193 l39688 ls1866">In </span><span class="pp-class-166 pa t39193 l39689 ls2287">cases </span><span class="pp-class-166 pa t39193 l39690 ls2247">where </span><span class="pp-class-166 pa t39193 l39691 ls1853">the </span><span class="pp-class-166 pa t39193 l39692 ls1498">implicit </span><span class="pp-class-166 pa t39193 l39693 ls2682">interest </span><span class="pp-class-166 pa t39193 l39694 ls2353">rate </span><span class="pp-class-166 pa t39695 l3 ls6383">cannot </span><span class="pp-class-166 pa t39695 l39696 ls1866">be </span><span class="pp-class-166 pa t39695 l10313 ls2325">determined, </span><span class="pp-class-166 pa t39695 l39697 ls1866">an </span><span class="pp-class-166 pa t39695 l39698 ls13624">appropriate </span><span class="pp-class-166 pa t39695 l39515 ls1824">incremental </span><span class="pp-class-166 pa t39695 l39699 ls1853">DSV </span><span class="pp-class-166 pa t39695 l39700 ls2315">borrowing </span><span class="pp-class-166 pa t39695 l39701 ls8712">rate </span><span class="pp-class-166 pa t39695 l39702 ls1866">is </span><span class="pp-class-166 pa t39695 l39703 ls1866">used. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39704 l3 ls169">At </span><span class="pp-class-166 pa t39704 l5964">subsequent </span><span class="pp-class-166 pa t39704 l12947 ls2451">measurement, </span><span class="pp-class-166 pa t39704 l31010">the </span><span class="pp-class-166 pa t39704 l39705 ls1026">ROU </span><span class="pp-class-166 pa t39704 l30541 ls1428">asset </span><span class="pp-class-166 pa t39704 l39706">is </span><span class="pp-class-166 pa t39704 l29206 ls1528">measured </span><span class="pp-class-166 pa t39704 l39707 ls48">less </span><span class="pp-class-166 pa t39704 l39708 ls189">accumulated </span><span class="pp-class-166 pa t39704 l39709">de-</span><span class="pp-class-166 pa t39710 l3 ls164">preciation </span><span class="pp-class-166 pa t39710 l35120">and </span><span class="pp-class-166 pa t39710 l27711">impairment </span><span class="pp-class-166 pa t39710 l39711 ls239">losses </span><span class="pp-class-166 pa t39710 l12564">and </span><span class="pp-class-166 pa t39710 l39712 ls740">adjusted </span><span class="pp-class-166 pa t39710 l39713 ls228">for </span><span class="pp-class-166 pa t39710 l8904">any </span><span class="pp-class-166 pa t39710 l39714 ls1444">remeasurements </span><span class="pp-class-166 pa t39710 l39715">of </span><span class="pp-class-166 pa t39710 l39716">the </span><span class="pp-class-166 pa t39717 l3 ls101">lease </span><span class="pp-class-166 pa t39717 l10028 ls461">liability. </span><span class="pp-class-166 pa t39717 l5954 ls2022">Depreciation </span><span class="pp-class-166 pa t39717 l32802 ls856">follows </span><span class="pp-class-166 pa t39717 l21508">the </span><span class="pp-class-166 pa t39717 l39718 ls234">straight-line </span><span class="pp-class-166 pa t39717 l39719 ls93">method </span><span class="pp-class-166 pa t39717 l39720 ls48">over </span><span class="pp-class-166 pa t39717 l39721">the </span><span class="pp-class-166 pa t39717 l39722 ls101">lease </span><span class="pp-class-166 pa t39717 l39723 ls1122">term </span><span class="pp-class-166 pa t39724 l3">or </span><span class="pp-class-166 pa t39724 l21054">the </span><span class="pp-class-166 pa t39724 l4874">useful </span><span class="pp-class-166 pa t39724 l39725 ls267">life </span><span class="pp-class-166 pa t39724 l15164">of </span><span class="pp-class-166 pa t39724 l39726">the </span><span class="pp-class-166 pa t39724 l14922 ls1026">ROU </span><span class="pp-class-166 pa t39724 l32812 ls4182">asset, </span><span class="pp-class-166 pa t39724 l39727 ls394">whichever </span><span class="pp-class-166 pa t39724 l39728">is </span><span class="pp-class-166 pa t39724 l39729 ls1094">shortest. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39730 l3 ls2263">The </span><span class="pp-class-166 pa t39730 l28697 ls2816">lease </span><span class="pp-class-166 pa t39730 l5542 ls13638">liability </span><span class="pp-class-166 pa t39730 l39731 ls2273">is </span><span class="pp-class-166 pa t39730 l39732 ls13560">measured </span><span class="pp-class-166 pa t39730 l39733 ls2273">at </span><span class="pp-class-166 pa t39730 l39734 ls13149">amortised </span><span class="pp-class-166 pa t39730 l39735 ls24761">cost </span><span class="pp-class-166 pa t39730 l39736 ls13149">using </span><span class="pp-class-166 pa t39730 l39737 ls2263">the </span><span class="pp-class-166 pa t39730 l39738 ls2364">effective </span><span class="pp-class-166 pa t39730 l39739 ls9084">interest </span><span class="pp-class-166 pa t39730 l29511 ls2239">method </span><span class="pp-class-166 pa t39740 l3 ls1853">and </span><span class="pp-class-166 pa t39740 l2343 ls191">adjusted </span><span class="pp-class-166 pa t39740 l4130 ls2289">for </span><span class="pp-class-166 pa t39740 l20994 ls1853">any </span><span class="pp-class-166 pa t39740 l39741 ls2309">remeasurements </span><span class="pp-class-166 pa t39740 l39742 ls1866">or </span><span class="pp-class-166 pa t39740 l39743 ls2834">modifications </span><span class="pp-class-166 pa t39740 l39744 ls2690">made </span><span class="pp-class-166 pa t39740 l9333 ls2302">to </span><span class="pp-class-166 pa t39740 l39745 ls1853">the </span><span class="pp-class-166 pa t39740 l23735 ls1766">contract. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t39746 l3 ls1026">ROU </span><span class="pp-class-166 pa t39746 l32675 ls4053">assets </span><span class="pp-class-166 pa t39746 l38087">and </span><span class="pp-class-166 pa t39746 l5094 ls101">lease </span><span class="pp-class-166 pa t39746 l524">liabilities </span><span class="pp-class-166 pa t39746 l6832 ls228">are </span><span class="pp-class-166 pa t39746 l39747 ls1528">not </span><span class="pp-class-166 pa t39746 l39748 ls564">recognised </span><span class="pp-class-166 pa t39746 l8844 ls228">for </span><span class="pp-class-166 pa t39746 l39749">low </span><span class="pp-class-166 pa t39746 l21618 ls101">value </span><span class="pp-class-166 pa t39746 l39750 ls101">lease </span><span class="pp-class-166 pa t39746 l39751 ls4053">assets </span><span class="pp-class-166 pa t39752 l3">or </span><span class="pp-class-166 pa t39752 l21054 ls239">leases </span><span class="pp-class-166 pa t39752 l13220">with </span><span class="pp-class-166 pa t39752 l39533">a </span><span class="pp-class-166 pa t39752 l39753 ls101">lease </span><span class="pp-class-166 pa t39752 l5184 ls1122">term </span><span class="pp-class-166 pa t39752 l28514">of </span><span class="pp-class-166 pa t39752 l39754">12 </span><span class="pp-class-166 pa t39752 l39755">months </span><span class="pp-class-166 pa t39752 l39756">or </span><span class="pp-class-166 pa t39752 l39757 ls101">less. </span><span class="pp-class-166 pa t39752 l39758">These </span><span class="pp-class-166 pa t39752 l39759 ls228">are </span><span class="pp-class-166 pa t39752 l39760 ls564">recognised </span><span class="pp-class-166 pa t39752 l39761">as </span><span class="pp-class-166 pa t39752 l39762">an </span><span class="pp-class-166 pa t39763 l3 ls1849">expense </span><span class="pp-class-166 pa t39763 l39764">on </span><span class="pp-class-166 pa t39763 l39765">a </span><span class="pp-class-166 pa t39763 l5176 ls234">straight-line </span><span class="pp-class-166 pa t39763 l39766">basis </span><span class="pp-class-166 pa t39763 l39767 ls48">over </span><span class="pp-class-166 pa t39763 l39768">the </span><span class="pp-class-166 pa t39763 l39769 ls1122">term </span><span class="pp-class-166 pa t39763 l39770">of </span><span class="pp-class-166 pa t39763 l19383">the </span><span class="pp-class-166 pa t39763 l39771 ls239">lease. </span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39154 l3">Any </span><span class="pp-class-166 pa t39154 l33574 ls1915">service </span><span class="pp-class-166 pa t39154 l39772">elements </span><span class="pp-class-166 pa t39154 l39773 ls1217">separable </span><span class="pp-class-166 pa t39154 l39774 ls267">from </span><span class="pp-class-166 pa t39154 l20146">the </span><span class="pp-class-166 pa t39154 l39775 ls101">lease </span><span class="pp-class-166 pa t39154 l39776 ls704">contract </span><span class="pp-class-166 pa t39154 l39777 ls228">are </span><span class="pp-class-166 pa t39154 l39778 ls921">accounted </span><span class="pp-class-166 pa t39154 l39779 ls228">for </span><span class="pp-class-166 pa t39155 l3 ls851">following </span><span class="pp-class-166 pa t39155 l3761">the </span><span class="pp-class-166 pa t39155 l37718">same </span><span class="pp-class-166 pa t39155 l39780">principle. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39655 l3 ls455">Extension </span><span class="pp-class-166 pa t39655 l23286">options </span><span class="pp-class-166 pa t39655 l39781 ls228">are </span><span class="pp-class-166 pa t39655 l28534">only </span><span class="pp-class-166 pa t39655 l39782">included </span><span class="pp-class-166 pa t39655 l39783">in </span><span class="pp-class-166 pa t39655 l15009">the </span><span class="pp-class-166 pa t39655 l2227 ls101">lease </span><span class="pp-class-166 pa t39655 l39784 ls1122">term </span><span class="pp-class-166 pa t39655 l39785">if </span><span class="pp-class-166 pa t39655 l3500 ls853">extension </span><span class="pp-class-166 pa t39655 l39786">of </span><span class="pp-class-166 pa t39655 l39787">the </span><span class="pp-class-166 pa t39655 l39788 ls101">lease </span><span class="pp-class-166 pa t39655 l39789">is </span><span class="pp-class-166 pa t39163 l3 ls2476">reasonably </span><span class="pp-class-166 pa t39163 l39790 ls234">certain. </span><span class="pp-class-166 pa t39163 l32917">The </span><span class="pp-class-166 pa t39163 l39791 ls1617">majority </span><span class="pp-class-166 pa t39163 l4510">of </span><span class="pp-class-166 pa t39163 l39792 ls853">extension </span><span class="pp-class-166 pa t39163 l39793">and </span><span class="pp-class-166 pa t39163 l39794 ls86">termination </span><span class="pp-class-166 pa t39163 l39795">options </span><span class="pp-class-166 pa t39163 l25928">held </span><span class="pp-class-166 pa t39163 l39796 ls228">are </span><span class="pp-class-166 pa t39169 l3 ls12989">exercisable </span><span class="pp-class-166 pa t39169 l1721">only </span><span class="pp-class-166 pa t39169 l39797">by </span><span class="pp-class-166 pa t39169 l39798">the </span><span class="pp-class-166 pa t39169 l8968 ls497">Group </span><span class="pp-class-166 pa t39169 l29490">and </span><span class="pp-class-166 pa t39169 l39799 ls1528">not </span><span class="pp-class-166 pa t39169 l39800">by </span><span class="pp-class-166 pa t39169 l33268">the </span><span class="pp-class-166 pa t39169 l10723 ls143">respective </span><span class="pp-class-166 pa t39169 l39801 ls2708">lessor.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39183 l3 ls6399">ROU </span><span class="pp-class-166 pa t39183 l39802 ls7509">assets </span><span class="pp-class-166 pa t39183 l12359 ls3187">classified </span><span class="pp-class-166 pa t39183 l39803 ls1866">as </span><span class="pp-class-166 pa t39183 l39804 ls2690">land </span><span class="pp-class-166 pa t39183 l39805 ls1853">and </span><span class="pp-class-166 pa t39183 l39806 ls115">buildings </span><span class="pp-class-166 pa t39183 l39807 ls1858">mainly </span><span class="pp-class-166 pa t39183 l39808 ls2355">relate </span><span class="pp-class-166 pa t39183 l10900 ls2302">to </span><span class="pp-class-166 pa t39183 l3011 ls115">leases </span><span class="pp-class-166 pa t39183 l39809 ls1866">of </span><span class="pp-class-166 pa t39183 l33931 ls1663">warehouses, </span><span class="pp-class-166 pa t39188 l3 ls1428">terminals </span><span class="pp-class-166 pa t39188 l20242">and </span><span class="pp-class-166 pa t39188 l39810 ls93">office </span><span class="pp-class-166 pa t39188 l39811">buildings, </span><span class="pp-class-166 pa t39188 l26093 ls1410">whereas </span><span class="pp-class-166 pa t39188 l39812 ls4053">assets </span><span class="pp-class-166 pa t39188 l39813 ls564">recognised </span><span class="pp-class-166 pa t39188 l39209">as </span><span class="pp-class-166 pa t39188 l39814 ls75">other </span><span class="pp-class-166 pa t39188 l39815">plant </span><span class="pp-class-166 pa t39188 l39816">and </span><span class="pp-class-166 pa t39193 l3 ls1217">operating </span><span class="pp-class-166 pa t39193 l17518">equipment </span><span class="pp-class-166 pa t39193 l39817">mainly </span><span class="pp-class-166 pa t39193 l4925 ls2500">relate </span><span class="pp-class-166 pa t39193 l39818 ls135">to </span><span class="pp-class-166 pa t39193 l12655 ls239">leases </span><span class="pp-class-166 pa t39193 l39819">of </span><span class="pp-class-166 pa t39193 l39820 ls1217">trailers, </span><span class="pp-class-166 pa t39193 l39821 ls1839">trucks, </span><span class="pp-class-166 pa t39193 l39822 ls187">company </span><span class="pp-class-166 pa t39193 l39823 ls1575">cars, </span><span class="pp-class-166 pa t39695 l3 ls10">forklifts, </span><span class="pp-class-166 pa t39695 l28698">IT </span><span class="pp-class-166 pa t39695 l39824 ls1858">hardware </span><span class="pp-class-166 pa t39695 l4956">and </span><span class="pp-class-166 pa t39695 l8975 ls75">other </span><span class="pp-class-166 pa t39695 l39825 ls93">office </span><span class="pp-class-166 pa t39695 l26809 ls4088">equipment. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39704 l3">Land </span><span class="pp-class-166 pa t39704 l27377">and </span><span class="pp-class-166 pa t39704 l13295">building </span><span class="pp-class-166 pa t39704 l2317 ls239">leases </span><span class="pp-class-166 pa t39704 l39826">normally </span><span class="pp-class-166 pa t39704 l14937 ls48">have </span><span class="pp-class-166 pa t39704 l26483">a </span><span class="pp-class-166 pa t39704 l13472 ls101">lease </span><span class="pp-class-166 pa t39704 l39827 ls1122">term </span><span class="pp-class-166 pa t39704 l39828">of </span><span class="pp-class-166 pa t39704 l39829">up </span><span class="pp-class-166 pa t39704 l39830 ls135">to </span><span class="pp-class-166 pa t39704 l7315 ls614">ten </span><span class="pp-class-166 pa t39704 l39831 ls239">years, </span><span class="pp-class-166 pa t39704 l39832 ls1410">whereas </span><span class="pp-class-166 pa t39710 l3 ls239">leases </span><span class="pp-class-166 pa t39710 l26260">of </span><span class="pp-class-166 pa t39710 l38415 ls75">other </span><span class="pp-class-166 pa t39710 l28989">plant </span><span class="pp-class-166 pa t39710 l39833">and </span><span class="pp-class-166 pa t39710 l39834 ls1217">operating </span><span class="pp-class-166 pa t39710 l39835">equipment </span><span class="pp-class-166 pa t39710 l39836">normally </span><span class="pp-class-166 pa t39710 l22296 ls48">have </span><span class="pp-class-166 pa t39710 l37151">a </span><span class="pp-class-166 pa t39710 l39837 ls101">lease </span><span class="pp-class-166 pa t39710 l39838 ls1122">term </span><span class="pp-class-166 pa t39710 l39839">of </span><span class="pp-class-166 pa t39710 l39840">up </span><span class="pp-class-166 pa t39717 l3 ls135">to </span><span class="pp-class-166 pa t39717 l2457 ls48">five </span><span class="pp-class-166 pa t39717 l20667 ls239">years. </span><span class="pp-class-166 pa t39717 l15302">The </span><span class="pp-class-166 pa t39717 l8809 ls239">leases </span><span class="pp-class-166 pa t39717 l8634">may </span><span class="pp-class-166 pa t39717 l39841">include </span><span class="pp-class-166 pa t39717 l19478 ls853">extension </span><span class="pp-class-166 pa t39717 l31424">options </span><span class="pp-class-166 pa t39717 l39842">with </span><span class="pp-class-166 pa t39717 l30969">the </span><span class="pp-class-166 pa t39717 l30681 ls1428">intention </span><span class="pp-class-166 pa t39717 l39843">of </span><span class="pp-class-166 pa t39724 l3 ls564">securing </span><span class="pp-class-166 pa t39724 l39844 ls564">flexibility </span><span class="pp-class-166 pa t39724 l4033 ls2540">in </span><span class="pp-class-166 pa t39724 l39845 ls1528">the </span><span class="pp-class-166 pa t39724 l39846 ls2236">lease </span><span class="pp-class-166 pa t39724 l15318 ls75">– </span><span class="pp-class-166 pa t39724 l39847 ls7049">however, </span><span class="pp-class-166 pa t39724 l39848 ls1528">any </span><span class="pp-class-166 pa t39724 l39849 ls4405">leasing </span><span class="pp-class-166 pa t39724 l35608 ls1444">period </span><span class="pp-class-166 pa t39724 l39850 ls2540">beyond </span><span class="pp-class-166 pa t39724 l39851 ls1528">the </span><span class="pp-class-166 pa t39724 l39852 ls147">normal </span><span class="pp-class-166 pa t39853 l3 ls614">ten </span><span class="pp-class-166 pa t39853 l39854 ls101">years </span><span class="pp-class-166 pa t39853 l38375 ls70">expected </span><span class="pp-class-166 pa t39853 l39855">at </span><span class="pp-class-166 pa t39853 l38155">the </span><span class="pp-class-166 pa t39853 l39856">initiation </span><span class="pp-class-166 pa t39853 l39857">of </span><span class="pp-class-166 pa t39853 l22016">the </span><span class="pp-class-166 pa t39853 l39858 ls101">lease </span><span class="pp-class-166 pa t39853 l39859">will </span><span class="pp-class-166 pa t39853 l38010">normally </span><span class="pp-class-166 pa t39853 l39860">be </span><span class="pp-class-166 pa t39853 l39861 ls826">reflected </span><span class="pp-class-166 pa t39730 l3">in </span><span class="pp-class-166 pa t39730 l1746">the </span><span class="pp-class-166 pa t39730 l1747 ls4053">contractual </span><span class="pp-class-166 pa t39730 l39862 ls101">lease </span><span class="pp-class-166 pa t39730 l2703 ls1122">term </span><span class="pp-class-166 pa t39730 l39863 ls564">agreed.</span></p> <div class="pp-class-4" id="pp-id-4403" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h39963 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39964 l3 ls2305">Contractual </span><span class="pp-class-170 pa t39964 l1023 ls1766">maturity </span><span class="pp-class-170 pa t39965 l3 ls1866">of </span><span class="pp-class-170 pa t39965 l37787 ls2786">lease </span><span class="pp-class-170 pa t39965 l39966 ls2275">liabilities</span><span class="pp-class-166 pa t39965 l39967"/><span class="pp-class-166 pa t39965 l16937">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39965 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39965 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3">0-1 </span><span class="pp-class-166 pa t35090 l39021 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l37867">8,368</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28456">5,447</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">1-5 </span><span class="pp-class-166 pa t35092 l39021 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l37933">19,679</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28139">14,224</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3">&gt; </span><span class="pp-class-166 pa t35098 l2138">5 </span><span class="pp-class-166 pa t35098 l26644 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l37933">11,054</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l28456">7,674</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34838 l3 ls15293">Total </span><span class="pp-class-170 pa t34838 l34893 ls2666">undiscounted </span><span class="pp-class-170 pa t34838 l39968 ls1853">lease </span><span class="pp-class-170 pa t39969 l3 ls2786">liabilities </span><span class="pp-class-170 pa t39969 l39970 ls1866">at </span><span class="pp-class-170 pa t39969 l39971 ls1866">31 </span><span class="pp-class-170 pa t39969 l8847 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39969 l38039 ls2688">39,101</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39969 l38040 ls2688">27,345</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t39972 l3 ls921">Non-current/current </span><span class="pp-class-172 pa t39972 l7094 ls461">classification </span><span class="pp-class-172 pa t39972 l39973 ls2540">(discounted)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39974 l3 ls147">Non-current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39974 l37933">24,084</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39974 l28139">17,324</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39975 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39975 l37867">6,846</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39975 l28456">4,349</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4416" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40390 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40391 l3 ls228">Expected </span><span class="pp-class-170 pa t40391 l29030 ls3681">maturity </span><span class="pp-class-170 pa t40391 l40392 ls1866">of </span><span class="pp-class-170 pa t40391 l40393 ls18672">pension </span><span class="pp-class-170 pa t40391 l40394 ls2282">obligations</span><span class="pp-class-170 pa t40391 l35732"/><span class="pp-class-166 pa t40395 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40395 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40395 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l3">0-1 </span><span class="pp-class-166 pa t40396 l39021 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l38036">754</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l28132">355</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l3">1-5 </span><span class="pp-class-166 pa t38290 l39021 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l37867">2,083</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l28456">1,161</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l3">&gt; </span><span class="pp-class-166 pa t35184 l2138">5 </span><span class="pp-class-166 pa t35184 l26644 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l37867">6,619</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l28456">3,489</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40397 l3 ls15293">Total </span><span class="pp-class-170 pa t40397 l34893 ls2786">obligations </span><span class="pp-class-170 pa t40397 l40398 ls4132">recognised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40397 l37966 ls2690">9,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40397 l37967 ls2690">5,005</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4417" xmlns="http://www.w3.org/1999/xhtml"><div class="w40399 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.7 </span><span class="pp-class-169 pa t254 l37093 ls3930">Pensions </span><span class="pp-class-169 pa t254 l40033 ls6611">and </span><span class="pp-class-169 pa t254 l40034 ls1181">other </span><span class="pp-class-169 pa t254 l40035 ls35162">post-employment </span><span class="pp-class-169 pa t254 l40036 ls40037">benefit </span><span class="pp-class-169 pa t254 l40038 ls1181">plans </span><span class="pp-class-169 pa t254 l40400 ls1180">— </span><span class="pp-class-169 pa t254 l40401 ls37362">continued</span></p></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t3624 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t3624 l38818 ls951">analysis</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525 ls851">following </span><span class="pp-class-166 pa t3330 l7580 ls180">table </span><span class="pp-class-166 pa t3330 l40403 ls1129">illustrates </span><span class="pp-class-166 pa t3330 l20231">the </span><span class="pp-class-166 pa t3330 l40404">change </span><span class="pp-class-166 pa t3330 l40405">in </span><span class="pp-class-166 pa t3330 l34289">the </span><span class="pp-class-166 pa t3330 l40406 ls1346">gross </span><span class="pp-class-166 pa t3330 l26070">obligation </span><span class="pp-class-166 pa t3330 l40407 ls66">relating </span><span class="pp-class-166 pa t3330 l40408 ls135">to </span><span class="pp-class-166 pa t3330 l40409">de-</span><span class="pp-class-166 pa t3338 l3">fined </span><span class="pp-class-166 pa t3338 l40410">benefit </span><span class="pp-class-166 pa t3338 l40411">plans </span><span class="pp-class-166 pa t3338 l40412 ls267">from </span><span class="pp-class-166 pa t3338 l6754">a </span><span class="pp-class-166 pa t3338 l29326">change </span><span class="pp-class-166 pa t3338 l8755">in </span><span class="pp-class-166 pa t3338 l31973">the </span><span class="pp-class-166 pa t3338 l40413 ls1119">key </span><span class="pp-class-166 pa t3338 l40414 ls2030">actuarial </span><span class="pp-class-166 pa t3338 l40415 ls205">assumptions. </span><span class="pp-class-166 pa t3338 l40416">The </span><span class="pp-class-166 pa t3338 l40417 ls2179">analysis </span><span class="pp-class-166 pa t3348 l3">is </span><span class="pp-class-166 pa t3348 l5798">based </span><span class="pp-class-166 pa t3348 l39467">on </span><span class="pp-class-166 pa t3348 l40418 ls2476">reasonably </span><span class="pp-class-166 pa t3348 l6763 ls66">probable </span><span class="pp-class-166 pa t3348 l9490">changes, </span><span class="pp-class-166 pa t3348 l40419 ls66">provided </span><span class="pp-class-166 pa t3348 l12790">that </span><span class="pp-class-166 pa t3348 l40420">the </span><span class="pp-class-166 pa t3348 l38474 ls75">other </span><span class="pp-class-166 pa t3348 l40421 ls564">parameters </span><span class="pp-class-166 pa t3360 l3 ls564">remain </span><span class="pp-class-166 pa t3360 l1539">unchanged.</span></p><table xmlns="http://www.w3.org/1999/xhtml"><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40422 l3 ls22815">Sensitivity </span><span class="pp-class-170 pa t40422 l21046 ls2275">analysis</span><span class="pp-class-166 pa t40422 l40423"/><span class="pp-class-166 pa t40422 l40424">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40422 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40422 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40425 l3">Defined </span><span class="pp-class-166 pa t40425 l8729">benefit </span><span class="pp-class-166 pa t40425 l34161">pension </span><span class="pp-class-166 pa t40425 l26570">obligations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40425 l37867">9,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40425 l28456">5,005</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40426 l3 ls187">Discount </span><span class="pp-class-172 pa t40426 l34375 ls2313">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40427 l3 ls1528">Increase </span><span class="pp-class-166 pa t40427 l33031">of </span><span class="pp-class-166 pa t40427 l14548">0.5 </span><span class="pp-class-166 pa t40427 l20847 ls1343">percentage </span><span class="pp-class-166 pa t40427 l431">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40427 l37867">8,921</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40427 l28456">4,723</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40428 l3 ls1528">Decrease </span><span class="pp-class-166 pa t40428 l1781">of </span><span class="pp-class-166 pa t40428 l5537">0.5 </span><span class="pp-class-166 pa t40428 l15639 ls1343">percentage </span><span class="pp-class-166 pa t40428 l26517">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40428 l37867">9,938</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40428 l28456">5,286</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40429 l3 ls1346">Future </span><span class="pp-class-172 pa t40429 l21848 ls1761">wage/salary </span><span class="pp-class-172 pa t40429 l27324 ls4405">increase</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40430 l3 ls1528">Increase </span><span class="pp-class-166 pa t40430 l33031">of </span><span class="pp-class-166 pa t40430 l14548">0.5 </span><span class="pp-class-166 pa t40430 l20847 ls1343">percentage </span><span class="pp-class-166 pa t40430 l431">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40430 l37867">9,508</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40430 l28456">5,034</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40431 l3 ls1528">Decrease </span><span class="pp-class-166 pa t40431 l1781">of </span><span class="pp-class-166 pa t40431 l5537">0.5 </span><span class="pp-class-166 pa t40431 l15639 ls1343">percentage </span><span class="pp-class-166 pa t40431 l26517">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40431 l37867">9,398</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40431 l28456">4,957</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40432 l3">Inflation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40433 l3 ls1528">Increase </span><span class="pp-class-166 pa t40433 l33031">of </span><span class="pp-class-166 pa t40433 l14548">0.5 </span><span class="pp-class-166 pa t40433 l20847 ls1343">percentage </span><span class="pp-class-166 pa t40433 l431">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40433 l37867">9,677</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40433 l28456">5,105</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40434 l3 ls1528">Decrease </span><span class="pp-class-166 pa t40434 l1781">of </span><span class="pp-class-166 pa t40434 l5537">0.5 </span><span class="pp-class-166 pa t40434 l15639 ls1343">percentage </span><span class="pp-class-166 pa t40434 l26517">point</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40434 l37867">9,236</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40434 l28456">4,888</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40435 l3 ls73">Life </span><span class="pp-class-172 pa t40435 l40436 ls1440">expectancy</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40437 l3 ls1528">Increase </span><span class="pp-class-166 pa t40437 l33031">of </span><span class="pp-class-166 pa t40437 l14548">1 </span><span class="pp-class-166 pa t40437 l30471 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40437 l37867">9,708</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40437 l28456">5,161</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40438 l3 ls1528">Decrease </span><span class="pp-class-166 pa t40438 l1781">of </span><span class="pp-class-166 pa t40438 l5537">1 </span><span class="pp-class-166 pa t40438 l39226 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40438 l37867">9,187</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40438 l28456">4,831</span></p></td></tr></table><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41651 l3 ls78">Liquidity </span><span class="pp-class-170 pa t41651 l41652">risk </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41653 l3">The </span><span class="pp-class-166 pa t41653 l1525 ls923">cash </span><span class="pp-class-166 pa t41653 l41654 ls495">readiness </span><span class="pp-class-166 pa t41653 l31516">of </span><span class="pp-class-166 pa t41653 l28610">the </span><span class="pp-class-166 pa t41653 l41655 ls497">Group </span><span class="pp-class-166 pa t41653 l29096">is </span><span class="pp-class-166 pa t41653 l23673 ls856">ensured </span><span class="pp-class-166 pa t41653 l41656 ls856">through </span><span class="pp-class-166 pa t41653 l41657 ls2030">short </span><span class="pp-class-166 pa t41653 l41658">and </span><span class="pp-class-166 pa t41653 l41659 ls1428">long-term </span><span class="pp-class-166 pa t41653 l41660 ls172">credit </span><span class="pp-class-166 pa t41661 l3 ls2668">facilities </span><span class="pp-class-166 pa t41661 l1930 ls2353">from </span><span class="pp-class-166 pa t41661 l41662 ls1853">the </span><span class="pp-class-166 pa t41661 l7093 ls2690">main </span><span class="pp-class-166 pa t41661 l33168 ls7427">banks </span><span class="pp-class-166 pa t41661 l41663 ls1866">of </span><span class="pp-class-166 pa t41661 l41664 ls1853">the </span><span class="pp-class-166 pa t41661 l41665 ls2247">Group </span><span class="pp-class-166 pa t41661 l5040 ls1853">and </span><span class="pp-class-166 pa t41661 l41666 ls4132">through </span><span class="pp-class-166 pa t41661 l41667 ls1853">the </span><span class="pp-class-166 pa t41661 l41668 ls2313">issuance </span><span class="pp-class-166 pa t41661 l39202">of </span><span class="pp-class-166 pa t41661 l3799">bonds. </span><span class="pp-class-166 pa t41669 l3">The </span><span class="pp-class-166 pa t41669 l1525">purpose </span><span class="pp-class-166 pa t41669 l5981">of </span><span class="pp-class-166 pa t41669 l41670 ls455">issuing </span><span class="pp-class-166 pa t41669 l41671">bond </span><span class="pp-class-166 pa t41669 l36954">loans </span><span class="pp-class-166 pa t41669 l41672">is </span><span class="pp-class-166 pa t41669 l41673 ls135">to </span><span class="pp-class-166 pa t41669 l11122 ls4081">diversify </span><span class="pp-class-166 pa t41669 l41674">the </span><span class="pp-class-166 pa t41669 l28619 ls1165">Group’s </span><span class="pp-class-166 pa t41669 l41675 ls1428">long-term </span><span class="pp-class-166 pa t41669 l41676 ls4153">debt, </span><span class="pp-class-166 pa t41677 l3">making </span><span class="pp-class-166 pa t41677 l20839">the </span><span class="pp-class-166 pa t41677 l41678 ls497">Group </span><span class="pp-class-166 pa t41677 l11118 ls48">less </span><span class="pp-class-166 pa t41677 l23790">dependent </span><span class="pp-class-166 pa t41677 l2058">on </span><span class="pp-class-166 pa t41677 l41679">bank </span><span class="pp-class-166 pa t41677 l1887">loans. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41680 l3">The </span><span class="pp-class-166 pa t41680 l1525 ls1165">Group’s </span><span class="pp-class-166 pa t41680 l41681">bond </span><span class="pp-class-166 pa t41680 l22424">loans, </span><span class="pp-class-166 pa t41680 l10324 ls564">credit </span><span class="pp-class-166 pa t41680 l41682">and </span><span class="pp-class-166 pa t41680 l40116 ls2061">overdraft </span><span class="pp-class-166 pa t41680 l41683 ls187">facilities </span><span class="pp-class-166 pa t41680 l41684 ls228">are </span><span class="pp-class-166 pa t41680 l41685 ls4267">subject </span><span class="pp-class-166 pa t41680 l41686 ls135">to </span><span class="pp-class-166 pa t41680 l20868 ls265">standard </span><span class="pp-class-166 pa t41687 l3">clauses, </span><span class="pp-class-166 pa t41687 l41688 ls1866">according </span><span class="pp-class-166 pa t41687 l20914 ls135">to </span><span class="pp-class-166 pa t41687 l32515">which </span><span class="pp-class-166 pa t41687 l31332">the </span><span class="pp-class-166 pa t41687 l41689 ls1165">Group’s </span><span class="pp-class-166 pa t41687 l41690 ls923">debt </span><span class="pp-class-166 pa t41687 l10850 ls461">must </span><span class="pp-class-166 pa t41687 l41691">be </span><span class="pp-class-166 pa t41687 l33333 ls564">repaid </span><span class="pp-class-166 pa t41687 l41692">in </span><span class="pp-class-166 pa t41687 l41693 ls923">case </span><span class="pp-class-166 pa t41687 l30745">of </span><span class="pp-class-166 pa t41687 l12737">a </span><span class="pp-class-166 pa t41687 l41694">change </span><span class="pp-class-166 pa t41695 l3">of </span><span class="pp-class-166 pa t41695 l2457 ls265">control. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41696 l3 ls1853">The </span><span class="pp-class-166 pa t41696 l1942 ls2267">total </span><span class="pp-class-166 pa t41696 l34532 ls191">duration </span><span class="pp-class-166 pa t41696 l41697 ls1866">of </span><span class="pp-class-166 pa t41696 l26917 ls1853">the </span><span class="pp-class-166 pa t41696 l37707 ls16387">Group’s </span><span class="pp-class-166 pa t41696 l41698 ls2487">long-term </span><span class="pp-class-166 pa t41696 l41699 ls2690">loan </span><span class="pp-class-166 pa t41696 l41700 ls1851">commitments </span><span class="pp-class-166 pa t41696 l41701 ls1853">and </span><span class="pp-class-166 pa t41696 l41702 ls1853">the </span><span class="pp-class-166 pa t41696 l41703 ls6928">undrawn </span><span class="pp-class-166 pa t41704 l3">amounts </span><span class="pp-class-166 pa t41704 l9486">on </span><span class="pp-class-166 pa t41704 l41705">our </span><span class="pp-class-166 pa t41704 l41706 ls564">credit </span><span class="pp-class-166 pa t41704 l19231">lines </span><span class="pp-class-166 pa t41704 l41707">at </span><span class="pp-class-166 pa t41704 l29158">31 </span><span class="pp-class-166 pa t41704 l41708 ls234">December </span><span class="pp-class-166 pa t41704 l19442">2025 </span><span class="pp-class-166 pa t41704 l41709 ls228">are </span><span class="pp-class-166 pa t41704 l39821 ls702">presented </span><span class="pp-class-166 pa t41704 l37794">in </span><span class="pp-class-166 pa t41704 l27863">the </span><span class="pp-class-166 pa t41704 l41710 ls135">accom-</span><span class="pp-class-166 pa t41711 l3">panying </span><span class="pp-class-166 pa t41711 l32352 ls1849">table. </span><span class="pp-class-166 pa t41711 l29095">The </span><span class="pp-class-166 pa t41711 l33706 ls1740">weighted </span><span class="pp-class-166 pa t41711 l7228 ls740">duration </span><span class="pp-class-166 pa t41711 l41712">of </span><span class="pp-class-166 pa t41711 l34564">the </span><span class="pp-class-166 pa t41711 l41713 ls1165">Group’s </span><span class="pp-class-166 pa t41711 l41714 ls1129">drawn </span><span class="pp-class-166 pa t41711 l41715 ls1428">long-term </span><span class="pp-class-166 pa t41711 l41716">loan </span><span class="pp-class-166 pa t41717 l3 ls187">facilities </span><span class="pp-class-166 pa t41717 l10844 ls1528">was </span><span class="pp-class-166 pa t41717 l11384">5.1 </span><span class="pp-class-166 pa t41717 l11385 ls101">years </span><span class="pp-class-166 pa t41717 l11386">at </span><span class="pp-class-166 pa t41717 l41718">31 </span><span class="pp-class-166 pa t41717 l5319 ls234">December </span><span class="pp-class-166 pa t41717 l41719">2025. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41720 l3 ls1761">Furthermore, </span><span class="pp-class-166 pa t41720 l26894">a </span><span class="pp-class-166 pa t41720 l41721 ls1617">maturity </span><span class="pp-class-166 pa t41720 l41722 ls2179">analysis </span><span class="pp-class-166 pa t41720 l30535">has </span><span class="pp-class-166 pa t41720 l31603">been </span><span class="pp-class-166 pa t41720 l41723 ls66">provided </span><span class="pp-class-166 pa t41720 l41724">based </span><span class="pp-class-166 pa t41720 l41725">on </span><span class="pp-class-166 pa t41720 l7022 ls4053">contractual </span><span class="pp-class-166 pa t41720 l41726 ls923">cash </span><span class="pp-class-166 pa t41727 l3">flows, </span><span class="pp-class-166 pa t41727 l20688">including </span><span class="pp-class-166 pa t41727 l5801 ls1217">estimated </span><span class="pp-class-166 pa t41727 l11170 ls135">interest </span><span class="pp-class-166 pa t41727 l41728">payments. </span><span class="pp-class-166 pa t41727 l41729">The </span><span class="pp-class-166 pa t41727 l41730">amounts </span><span class="pp-class-166 pa t41727 l41731 ls48">have </span><span class="pp-class-166 pa t41727 l41732 ls1528">not </span><span class="pp-class-166 pa t41727 l41733">been </span><span class="pp-class-166 pa t41734 l3 ls946">discounted </span><span class="pp-class-166 pa t41734 l20993">and </span><span class="pp-class-166 pa t41734 l41735">as </span><span class="pp-class-166 pa t41734 l41736">such </span><span class="pp-class-166 pa t41734 l41737">do </span><span class="pp-class-166 pa t41734 l8722 ls1528">not </span><span class="pp-class-166 pa t41734 l41738 ls702">reconcile </span><span class="pp-class-166 pa t41734 l7114 ls461">directly </span><span class="pp-class-166 pa t41734 l41739 ls135">to </span><span class="pp-class-166 pa t41734 l41740">the </span><span class="pp-class-166 pa t41734 l41741 ls1122">statement </span><span class="pp-class-166 pa t41734 l41742">of </span><span class="pp-class-166 pa t41734 l27085">financial </span><span class="pp-class-166 pa t41743 l3">position.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41744 l3">Supplier </span><span class="pp-class-172 pa t41744 l41745 ls75">finance </span><span class="pp-class-172 pa t41744 l31913 ls826">arrangements </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41746 l3">DSV </span><span class="pp-class-166 pa t41746 l202 ls2236">facilitates </span><span class="pp-class-166 pa t41746 l41747 ls923">immaterial </span><span class="pp-class-166 pa t41746 l36962">supplier </span><span class="pp-class-166 pa t41746 l41748 ls187">finance </span><span class="pp-class-166 pa t41746 l12403 ls2022">arrangements </span><span class="pp-class-166 pa t41746 l41749 ls702">presented </span><span class="pp-class-166 pa t41746 l23302">within </span><span class="pp-class-166 pa t41750 l3 ls1129">trade </span><span class="pp-class-166 pa t41750 l2858 ls394">payables. </span><span class="pp-class-166 pa t41750 l10448">These </span><span class="pp-class-166 pa t41750 l22275 ls2022">arrangements </span><span class="pp-class-166 pa t41750 l41751 ls48">have </span><span class="pp-class-166 pa t41750 l10347">no </span><span class="pp-class-166 pa t41750 l41752 ls226">significant </span><span class="pp-class-166 pa t41750 l41753 ls1636">impact </span><span class="pp-class-166 pa t41750 l41754">on </span><span class="pp-class-166 pa t41750 l41755">the </span><span class="pp-class-166 pa t41750 l41756 ls1165">Group’s </span><span class="pp-class-166 pa t41757 l3 ls1732">liquidity </span><span class="pp-class-166 pa t41757 l21591 ls16227">risk. </span></p><div id="pp-id-4452" xmlns="http://www.w3.org/1999/xhtml"><div class="w41822 h41823 pa t2 l3 wtro4 xx41824 tro6 xx41825"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t41826 l3 ls556">Commitments </span><span class="pp-class-172 pa t41826 l41827">and </span><span class="pp-class-172 pa t41826 l32362">amounts </span><span class="pp-class-172 pa t41826 l41828 ls2061">drawn </span><span class="pp-class-172 pa t41826 l9979">on </span><span class="pp-class-172 pa t41826 l20202 ls234">long-term </span><span class="pp-class-172 pa t41826 l41829">loan </span><span class="pp-class-172 pa t41826 l41830 ls117">facilities </span><span class="pp-class-172 pa t41826 l21588">at </span><span class="pp-class-172 pa t41826 l15205">31 </span><span class="pp-class-172 pa t41826 l28738 ls187">December </span><span class="pp-class-172 pa t41826 l41831">2025:</span></p></div></div><div id="pp-id-4453" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41832 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls6928">Loan </span><span class="pp-class-170 pa t37784 l41833 ls2483">facilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41834 ls923">Principal </span><span class="pp-class-166 pa t28110 l41835">amount </span><span class="pp-class-166 pa t37784 l41836">(EURm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41837 ls923">Principal </span><span class="pp-class-166 pa t28110 l40574">amount </span><span class="pp-class-166 pa t37784 l41838">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41839 ls2471">Fixed/floating </span><span class="pp-class-166 pa t37784 l41840 ls135">interest </span><span class="pp-class-166 pa t37784 l41841 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41842 ls3997">Expiry </span><span class="pp-class-166 pa t28110 l41843">of </span><span class="pp-class-166 pa t37784 l41844 ls923">commitments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41845 ls740">Duration </span><span class="pp-class-166 pa t37784 l41846 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41847 ls59">Undrawn </span><span class="pp-class-166 pa t37784 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">Bond </span><span class="pp-class-166 pa t33226 l41848">loan </span><span class="pp-class-166 pa t33226 l33156">- </span><span class="pp-class-166 pa t33226 l41849">ISIN </span><span class="pp-class-166 pa t33226 l41850 ls492">XS2387735470</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41851"/><span class="pp-class-166 pa t33226 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41853"/><span class="pp-class-166 pa t33226 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41854"/><span class="pp-class-166 pa t33226 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41856">17/09/2036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41857"/><span class="pp-class-166 pa t33226 l41858">10.7 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41859"/><span class="pp-class-166 pa t33226 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l3">Bond </span><span class="pp-class-166 pa t41860 l41848">loan </span><span class="pp-class-166 pa t41860 l33156">- </span><span class="pp-class-166 pa t41860 l41849">ISIN </span><span class="pp-class-166 pa t41860 l41850 ls492">XS2932829356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41851"/><span class="pp-class-166 pa t41860 l41852">750 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41853"/><span class="pp-class-166 pa t41860 l37814">5,602 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41854"/><span class="pp-class-166 pa t41860 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41856">06/11/2034</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41861"/><span class="pp-class-166 pa t41860 l41862">8.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41859"/><span class="pp-class-166 pa t41860 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l3">Bond </span><span class="pp-class-166 pa t41863 l41848">loan </span><span class="pp-class-166 pa t41863 l33156">- </span><span class="pp-class-166 pa t41863 l41849">ISIN </span><span class="pp-class-166 pa t41863 l41850 ls492">XS2360881549</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41851"/><span class="pp-class-166 pa t41863 l41852">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41853"/><span class="pp-class-166 pa t41863 l37814">4,481 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41854"/><span class="pp-class-166 pa t41863 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41856">05/07/2033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41861"/><span class="pp-class-166 pa t41863 l41862">7.5 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41859"/><span class="pp-class-166 pa t41863 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l3">Bond </span><span class="pp-class-166 pa t41864 l41848">loan </span><span class="pp-class-166 pa t41864 l33156">- </span><span class="pp-class-166 pa t41864 l41849">ISIN </span><span class="pp-class-166 pa t41864 l41850 ls492">XS2932836211</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41851"/><span class="pp-class-166 pa t41864 l41852">750 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41853"/><span class="pp-class-166 pa t41864 l37814">5,602 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41854"/><span class="pp-class-166 pa t41864 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41856">06/11/2032</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41861"/><span class="pp-class-166 pa t41864 l41862">6.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41859"/><span class="pp-class-166 pa t41864 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l3">Bond </span><span class="pp-class-166 pa t41865 l41848">loan </span><span class="pp-class-166 pa t41865 l33156">- </span><span class="pp-class-166 pa t41865 l41849">ISIN </span><span class="pp-class-166 pa t41865 l41850 ls492">XS2308616841</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41851"/><span class="pp-class-166 pa t41865 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41853"/><span class="pp-class-166 pa t41865 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41854"/><span class="pp-class-166 pa t41865 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41856">03/03/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41861"/><span class="pp-class-166 pa t41865 l41862">5.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41859"/><span class="pp-class-166 pa t41865 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l3">Bond </span><span class="pp-class-166 pa t41866 l41848">loan </span><span class="pp-class-166 pa t41866 l33156">- </span><span class="pp-class-166 pa t41866 l41849">ISIN </span><span class="pp-class-166 pa t41866 l41850 ls492">XS2932834604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41867"/><span class="pp-class-166 pa t41866 l41868">1,250 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41853"/><span class="pp-class-166 pa t41866 l37814">9,336 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41854"/><span class="pp-class-166 pa t41866 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41856">06/11/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41861"/><span class="pp-class-166 pa t41866 l41862">4.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41859"/><span class="pp-class-166 pa t41866 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l3">Bond </span><span class="pp-class-166 pa t41869 l41848">loan </span><span class="pp-class-166 pa t41869 l33156">- </span><span class="pp-class-166 pa t41869 l41849">ISIN </span><span class="pp-class-166 pa t41869 l41850 ls492">XS2458285355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41851"/><span class="pp-class-166 pa t41869 l41852">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41853"/><span class="pp-class-166 pa t41869 l37814">4,481 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41854"/><span class="pp-class-166 pa t41869 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41856">16/03/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41861"/><span class="pp-class-166 pa t41869 l41862">4.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41859"/><span class="pp-class-166 pa t41869 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l3">Bond </span><span class="pp-class-166 pa t41870 l41848">loan </span><span class="pp-class-166 pa t41870 l33156">- </span><span class="pp-class-166 pa t41870 l41849">ISIN </span><span class="pp-class-166 pa t41870 l41850 ls492">XS2850439642</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41851"/><span class="pp-class-166 pa t41870 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41853"/><span class="pp-class-166 pa t41870 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41854"/><span class="pp-class-166 pa t41870 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41856">26/06/2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41861"/><span class="pp-class-166 pa t41870 l41862">3.5 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41859"/><span class="pp-class-166 pa t41870 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l3">Bond </span><span class="pp-class-166 pa t41871 l41848">loan </span><span class="pp-class-166 pa t41871 l33156">- </span><span class="pp-class-166 pa t41871 l41849">ISIN </span><span class="pp-class-166 pa t41871 l41850 ls492">XS2932831923</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41867"/><span class="pp-class-166 pa t41871 l41868">1,000 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41853"/><span class="pp-class-166 pa t41871 l37814">7,469 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41854"/><span class="pp-class-166 pa t41871 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41856">06/11/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41861"/><span class="pp-class-166 pa t41871 l41862">2.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41859"/><span class="pp-class-166 pa t41871 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l3">Bond </span><span class="pp-class-166 pa t41872 l41848">loan </span><span class="pp-class-166 pa t41872 l33156">- </span><span class="pp-class-166 pa t41872 l41849">ISIN </span><span class="pp-class-166 pa t41872 l41850">212542679</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41851"/><span class="pp-class-166 pa t41872 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41853"/><span class="pp-class-166 pa t41872 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41854"/><span class="pp-class-166 pa t41872 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41856">26/02/2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41861"/><span class="pp-class-166 pa t41872 l41862">1.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41859"/><span class="pp-class-166 pa t41872 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l3 ls189">Long-term </span><span class="pp-class-166 pa t41873 l36382 ls564">credit </span><span class="pp-class-166 pa t41873 l41874 ls377">facility </span><span class="pp-class-166 pa t41873 l27838">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41851"/><span class="pp-class-166 pa t41873 l41852">700 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41853"/><span class="pp-class-166 pa t41873 l37814">5,228 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41875"/><span class="pp-class-166 pa t41873 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41856">30/04/2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41861"/><span class="pp-class-166 pa t41873 l41862">1.3 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41859"/><span class="pp-class-166 pa t41873 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l3 ls704">Revolving </span><span class="pp-class-166 pa t41877 l10313 ls564">credit </span><span class="pp-class-166 pa t41877 l20623 ls377">facility </span><span class="pp-class-166 pa t41877 l5571">IV</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41878"/><span class="pp-class-166 pa t41877 l41879">75 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41880"/><span class="pp-class-166 pa t41877 l41881">560 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41875"/><span class="pp-class-166 pa t41877 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41856">31/01/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41861"/><span class="pp-class-166 pa t41877 l41862">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41882"/><span class="pp-class-166 pa t41877 l38253">560 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l3 ls704">Revolving </span><span class="pp-class-166 pa t41883 l10313 ls564">credit </span><span class="pp-class-166 pa t41883 l20623 ls377">facility </span><span class="pp-class-166 pa t41883 l5571">II</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41851"/><span class="pp-class-166 pa t41883 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41853"/><span class="pp-class-166 pa t41883 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41875"/><span class="pp-class-166 pa t41883 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41856">15/12/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41861"/><span class="pp-class-166 pa t41883 l41862">5.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41884"/><span class="pp-class-166 pa t41883 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l3 ls704">Revolving </span><span class="pp-class-166 pa t41885 l10313 ls564">credit </span><span class="pp-class-166 pa t41885 l20623 ls377">facility </span><span class="pp-class-166 pa t41885 l5571">III</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41851"/><span class="pp-class-166 pa t41885 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41853"/><span class="pp-class-166 pa t41885 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41875"/><span class="pp-class-166 pa t41885 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41856">14/12/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41861"/><span class="pp-class-166 pa t41885 l41862">5.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41884"/><span class="pp-class-166 pa t41885 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l3 ls704">Revolving </span><span class="pp-class-166 pa t41886 l10313 ls564">credit </span><span class="pp-class-166 pa t41886 l20623 ls377">facility </span><span class="pp-class-166 pa t41886 l5571">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41851"/><span class="pp-class-166 pa t41886 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41853"/><span class="pp-class-166 pa t41886 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41875"/><span class="pp-class-166 pa t41886 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41856">01/10/2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41861"/><span class="pp-class-166 pa t41886 l41862">3.8 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41884"/><span class="pp-class-166 pa t41886 l38235">1,462 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l3 ls704">Revolving </span><span class="pp-class-166 pa t41887 l10313 ls564">credit </span><span class="pp-class-166 pa t41887 l20623 ls377">facility </span><span class="pp-class-166 pa t41887 l5571">VI</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41851"/><span class="pp-class-166 pa t41887 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41853"/><span class="pp-class-166 pa t41887 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41875"/><span class="pp-class-166 pa t41887 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41856">28/07/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41861"/><span class="pp-class-166 pa t41887 l41862">2.6 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41884"/><span class="pp-class-166 pa t41887 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l3 ls704">Revolving </span><span class="pp-class-166 pa t41888 l10313 ls564">credit </span><span class="pp-class-166 pa t41888 l20623 ls377">facility </span><span class="pp-class-166 pa t41888 l5571">V</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41851"/><span class="pp-class-166 pa t41888 l41852">100 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41880"/><span class="pp-class-166 pa t41888 l41881">747 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41875"/><span class="pp-class-166 pa t41888 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41856">15/01/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41861"/><span class="pp-class-166 pa t41888 l41862">2.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41882"/><span class="pp-class-166 pa t41888 l38253">617 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t41889 l39979 ls377">facility </span><span class="pp-class-166 pa t41889 l41890">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41878"/><span class="pp-class-166 pa t41889 l41879">75 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41880"/><span class="pp-class-166 pa t41889 l41881">560 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41875"/><span class="pp-class-166 pa t41889 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41856">31/01/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41861"/><span class="pp-class-166 pa t41889 l41862">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41882"/><span class="pp-class-166 pa t41889 l38253">560 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41892"/><span class="pp-class-170 pa t41891 l41893 ls1866">8,700 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41894"/><span class="pp-class-170 pa t41891 l37834 ls1868">64,978 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41895"/><span class="pp-class-170 pa t41891 l41896 ls2307">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41897"/><span class="pp-class-170 pa t41891 l41898 ls1866">7,681 </span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4454" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41899 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls6928">Loan </span><span class="pp-class-170 pa t33226 l41833 ls172">facilities </span><span class="pp-class-166 pa t33226 l41900 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41901 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41902">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41903 ls3968">Carrying</span><span class="pp-class-166 pa t33226 l41835">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41904 ls2471">Fixed/floating </span><span class="pp-class-166 pa t33226 l41905 ls135">interest </span><span class="pp-class-166 pa t33226 l41906 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41907 ls3997">Expiry </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41908 ls3593">Carrying </span><span class="pp-class-166 pa t33226 l41909">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41910 ls2471">Fixed/floating </span><span class="pp-class-166 pa t33226 l41911 ls135">interest </span><span class="pp-class-166 pa t33226 l41912 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41913 ls3997">Expiry </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l3">Bond </span><span class="pp-class-166 pa t41914 l41848">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41915">60,928</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41916 ls239">Mainly </span><span class="pp-class-166 pa t41914 l41917 ls189">fixed</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41918">2026-2036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41919">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41910 ls492">Fixed/floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41920">2026-2036</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l3 ls564">Credit </span><span class="pp-class-166 pa t41921 l13330 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41868">5,448</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41922 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41918">2026-2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41923">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41924 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41920">2026-2029</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t41925 l39979 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41852">629</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41922 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41926">2026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41927">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41924 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l28847">2025</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l3 ls6928">Loan </span><span class="pp-class-170 pa t41928 l41833 ls172">facilities </span><span class="pp-class-170 pa t41928 l41900 ls1866">at </span><span class="pp-class-170 pa t41928 l41929 ls1866">31 </span><span class="pp-class-170 pa t41928 l38042 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l41930">67,005</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l41931">61,144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41932 l3 ls921">Non-current/current </span><span class="pp-class-172 pa t41932 l7094 ls461">classification:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l3 ls946">Non-current </span><span class="pp-class-166 pa t41933 l36824">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l41915">56,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l41919">60,852</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l3 ls1430">Current </span><span class="pp-class-166 pa t41934 l20615">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l41915">10,055</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l41927">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div><div class="pp-class-4" id="pp-id-4459" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h3194 pa t2 l3 wtro4 xx23559 tro6 xx23560"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t2723 l3">The </span><span class="pp-class-172 pa t2723 l10655 ls2267">Group’s </span><span class="pp-class-172 pa t2723 l42236">financial </span><span class="pp-class-172 pa t2723 l18988">liabilities </span><span class="pp-class-172 pa t2723 l42237 ls921">fall </span><span class="pp-class-172 pa t2723 l7574">due </span><span class="pp-class-172 pa t2723 l42238">as </span><span class="pp-class-172 pa t2723 l42239 ls455">follows:</span></p></div></div><div id="pp-id-4460" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42240 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2349">Financial </span><span class="pp-class-170 pa t37784 l4040 ls2786">liabilities </span><span class="pp-class-170 pa t37784 l4137">- </span><span class="pp-class-170 pa t37784 l42241 ls2275">2025</span><span class="pp-class-166 pa t37784 l42242"/><span class="pp-class-166 pa t37784 l42243">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42244 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42245">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42246 ls3686">Total </span><span class="pp-class-166 pa t28110 l42247 ls923">cash </span><span class="pp-class-166 pa t28110 l42248 ls189">flow, </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42249">incl. </span><span class="pp-class-166 pa t37784 l42250 ls3267">interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42251">0-1 </span><span class="pp-class-166 pa t37784 l42252 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42253">1-5 </span><span class="pp-class-166 pa t37784 l42254 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42255">5-9 </span><span class="pp-class-166 pa t37784 l42256 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42257 ls1866">&gt;9 </span><span class="pp-class-166 pa t37784 l42258 ls83">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t33226 l39979">and </span><span class="pp-class-166 pa t33226 l41538 ls564">credit </span><span class="pp-class-166 pa t33226 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42259">6,077</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42260">6,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42261">826</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42262">5,389</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l3 ls239">Issued </span><span class="pp-class-166 pa t41860 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42264">60,928</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42265">68,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42266">10,797</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41919">32,731</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42267">20,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l38235">3,790</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l3 ls75">Lease </span><span class="pp-class-166 pa t42268 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42264">30,930</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42265">39,101</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42269">8,368</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l41919">19,679</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42270">7,566</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l38235">3,488</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l3 ls1462">Trade </span><span class="pp-class-166 pa t42271 l8738 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42264">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42265">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42266">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42272">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l3 ls187">Currency </span><span class="pp-class-166 pa t42273 l20971 ls158">derivatives</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42274">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42275">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42276">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42272">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42278 ls1858">121,432</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42279 ls1858">136,846</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42280 ls2688">43,488</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42281 ls2688">57,799</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42282 ls2688">28,281</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l41898 ls2690">7,278</span></p></td></tr></table></div></div><div id="pp-id-4461" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42240 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2349">Financial </span><span class="pp-class-170 pa t37784 l4040 ls2786">liabilities </span><span class="pp-class-170 pa t37784 l4137">- </span><span class="pp-class-170 pa t37784 l42241 ls2275">2024</span><span class="pp-class-166 pa t37784 l42242"/><span class="pp-class-166 pa t37784 l42243">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42244 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42245">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42246 ls3686">Total </span><span class="pp-class-166 pa t28110 l42247 ls923">cash </span><span class="pp-class-166 pa t28110 l42248 ls189">flow, </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42249">incl. </span><span class="pp-class-166 pa t37784 l42250 ls3267">interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42251">0-1 </span><span class="pp-class-166 pa t37784 l42252 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42253">1-5 </span><span class="pp-class-166 pa t37784 l42254 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42255">5-9 </span><span class="pp-class-166 pa t37784 l42256 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42257 ls1866">&gt;9 </span><span class="pp-class-166 pa t37784 l42258 ls83">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t33226 l39979">and </span><span class="pp-class-166 pa t33226 l41538 ls564">credit </span><span class="pp-class-166 pa t33226 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42283">362</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42284">387</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42261">303</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41923">84</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l3 ls239">Issued </span><span class="pp-class-166 pa t41860 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42264">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42265">69,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42269">1,504</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41919">28,943</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42267">29,435</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l38235">9,574</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l3 ls75">Lease </span><span class="pp-class-166 pa t42268 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42264">21,673</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42265">27,345</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42269">5,447</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l41919">14,224</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42270">5,901</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l38235">1,773</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l3 ls1462">Trade </span><span class="pp-class-166 pa t42271 l8738 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42264">14,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42265">14,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42266">14,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42272">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l3 ls187">Currency </span><span class="pp-class-166 pa t42273 l20971 ls158">derivatives</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42285">63</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42286">63</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42287">63</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42272">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42288 ls2688">97,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42279 ls1858">111,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42280 ls2688">21,773</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42281 ls2688">43,251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42282 ls2688">35,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l38228 ls2688">11,347</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4424" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40680 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">3.8 </span><span class="pp-class-169 pa t254 l37093 ls21820">Provisions</span></p></div></div><div class="pp-class-4" id="pp-id-4425" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40681 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls1410">Provisions </span><span class="pp-class-166 pa t3330 l40682 ls228">are </span><span class="pp-class-166 pa t3330 l32848 ls564">recognised </span><span class="pp-class-166 pa t3330 l40683">when, </span><span class="pp-class-166 pa t3330 l40684">due </span><span class="pp-class-166 pa t3330 l20041 ls135">to </span><span class="pp-class-166 pa t3330 l1979">an </span><span class="pp-class-166 pa t3330 l40685 ls101">event </span><span class="pp-class-166 pa t3330 l40686 ls853">occurring </span><span class="pp-class-166 pa t3330 l40687">on </span><span class="pp-class-166 pa t3330 l40688">or </span><span class="pp-class-166 pa t3330 l5388 ls1498">before </span><span class="pp-class-166 pa t3330 l40689">the </span><span class="pp-class-166 pa t3338 l3 ls1428">reporting </span><span class="pp-class-166 pa t3338 l9924 ls189">date, </span><span class="pp-class-166 pa t3338 l5480">the </span><span class="pp-class-166 pa t3338 l5072 ls497">Group </span><span class="pp-class-166 pa t3338 l2164">has </span><span class="pp-class-166 pa t3338 l10857">a </span><span class="pp-class-166 pa t3338 l40690">legal </span><span class="pp-class-166 pa t3338 l40691">or </span><span class="pp-class-166 pa t3338 l12834 ls394">constructive </span><span class="pp-class-166 pa t3338 l40692">obligation </span><span class="pp-class-166 pa t3338 l40693">and </span><span class="pp-class-166 pa t3338 l12988">it </span><span class="pp-class-166 pa t3338 l40694">is </span><span class="pp-class-166 pa t3338 l15234 ls497">proba-</span><span class="pp-class-166 pa t3348 l3">ble </span><span class="pp-class-166 pa t3348 l19474">that </span><span class="pp-class-166 pa t3348 l6963">the </span><span class="pp-class-166 pa t3348 l40695 ls497">Group </span><span class="pp-class-166 pa t3348 l40696">will </span><span class="pp-class-166 pa t3348 l30970 ls48">have </span><span class="pp-class-166 pa t3348 l15357 ls135">to </span><span class="pp-class-166 pa t3348 l40697 ls48">give </span><span class="pp-class-166 pa t3348 l40698">up </span><span class="pp-class-166 pa t3348 l36432 ls564">future </span><span class="pp-class-166 pa t3348 l40699 ls234">economic </span><span class="pp-class-166 pa t3348 l12014">benefits </span><span class="pp-class-166 pa t3348 l9910 ls135">to </span><span class="pp-class-166 pa t3348 l40700 ls923">meet </span><span class="pp-class-166 pa t3348 l40701">the </span><span class="pp-class-166 pa t3360 l3">obligation.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3682 l3 ls1410">Provisions </span><span class="pp-class-166 pa t3682 l40682 ls228">are </span><span class="pp-class-166 pa t3682 l32848 ls1528">measured </span><span class="pp-class-166 pa t3682 l28260">on </span><span class="pp-class-166 pa t3682 l40702">the </span><span class="pp-class-166 pa t3682 l26024">basis </span><span class="pp-class-166 pa t3682 l12552">of </span><span class="pp-class-166 pa t3682 l15401 ls1528">Management’s </span><span class="pp-class-166 pa t3682 l40703 ls461">best </span><span class="pp-class-166 pa t3682 l7337 ls740">estimate </span><span class="pp-class-166 pa t3682 l40704">of </span><span class="pp-class-166 pa t3682 l40705">the </span><span class="pp-class-166 pa t3375 l3 ls86">anticipated </span><span class="pp-class-166 pa t3375 l40706 ls1129">expenditure </span><span class="pp-class-166 pa t3375 l22199 ls228">for </span><span class="pp-class-166 pa t3375 l38029 ls10409">settlement </span><span class="pp-class-166 pa t3375 l40707">of </span><span class="pp-class-166 pa t3375 l32060">the </span><span class="pp-class-166 pa t3375 l40708 ls1528">relevant </span><span class="pp-class-166 pa t3375 l40709">obligation </span><span class="pp-class-166 pa t3375 l40710">and </span><span class="pp-class-166 pa t3375 l40711 ls228">are </span><span class="pp-class-166 pa t3387 l3 ls946">discounted </span><span class="pp-class-166 pa t3387 l20993">if </span><span class="pp-class-166 pa t3387 l14105">deemed </span><span class="pp-class-166 pa t3387 l13678 ls234">material.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3406 l3 ls4852">Management </span><span class="pp-class-170 pa t3406 l36376 ls4852">judgements </span><span class="pp-class-170 pa t3406 l36377 ls2257">and </span><span class="pp-class-170 pa t3406 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3722 l3 ls205">Management </span><span class="pp-class-166 pa t3722 l35455 ls86">continually </span><span class="pp-class-166 pa t3722 l20262 ls226">assesses </span><span class="pp-class-166 pa t3722 l40712 ls740">provisions, </span><span class="pp-class-166 pa t3722 l40713">including </span><span class="pp-class-166 pa t3722 l5321 ls1575">contingencies </span><span class="pp-class-166 pa t3722 l40714">and </span><span class="pp-class-166 pa t3722 l40715">the </span><span class="pp-class-166 pa t3728 l3 ls740">likely </span><span class="pp-class-166 pa t3728 l40716 ls614">outcome </span><span class="pp-class-166 pa t3728 l9715">of </span><span class="pp-class-166 pa t3728 l7240">pending </span><span class="pp-class-166 pa t3728 l5744">and </span><span class="pp-class-166 pa t3728 l40717 ls2540">potential </span><span class="pp-class-166 pa t3728 l31270">legal </span><span class="pp-class-166 pa t3728 l40718 ls1528">proceedings. </span><span class="pp-class-166 pa t3728 l40719">The </span><span class="pp-class-166 pa t3728 l4971 ls614">outcome </span><span class="pp-class-166 pa t3728 l39012">of </span><span class="pp-class-166 pa t3728 l40720">such </span><span class="pp-class-166 pa t3417 l3 ls5508">proceedings </span><span class="pp-class-166 pa t3417 l40721">depends </span><span class="pp-class-166 pa t3417 l29336">on </span><span class="pp-class-166 pa t3417 l40722 ls564">future </span><span class="pp-class-166 pa t3417 l40723 ls455">events, </span><span class="pp-class-166 pa t3417 l40724">which </span><span class="pp-class-166 pa t3417 l29367 ls267">are, </span><span class="pp-class-166 pa t3417 l9352">by </span><span class="pp-class-166 pa t3417 l40725 ls856">nature, </span><span class="pp-class-166 pa t3417 l40726 ls923">uncertain. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">When </span><span class="pp-class-166 pa t3439 l4926 ls86">considering </span><span class="pp-class-166 pa t3439 l40727 ls164">provisions </span><span class="pp-class-166 pa t3439 l40728 ls394">involving </span><span class="pp-class-166 pa t3439 l40729 ls226">significant </span><span class="pp-class-166 pa t3439 l40730 ls154">estimates, </span><span class="pp-class-166 pa t3439 l12064">opinions </span><span class="pp-class-166 pa t3439 l28648">and </span><span class="pp-class-166 pa t3451 l3 ls1217">estimates </span><span class="pp-class-166 pa t3451 l36400">by </span><span class="pp-class-166 pa t3451 l40731 ls59">external </span><span class="pp-class-166 pa t3451 l40732">legal </span><span class="pp-class-166 pa t3451 l40733 ls205">experts </span><span class="pp-class-166 pa t3451 l37069">as </span><span class="pp-class-166 pa t3451 l40734 ls1122">well </span><span class="pp-class-166 pa t3451 l40598">as </span><span class="pp-class-166 pa t3451 l40735 ls187">existing </span><span class="pp-class-166 pa t3451 l40736 ls923">case </span><span class="pp-class-166 pa t3451 l40737">law </span><span class="pp-class-166 pa t3451 l40738 ls228">are </span><span class="pp-class-166 pa t3451 l40739">applied </span><span class="pp-class-166 pa t3451 l40740">in </span><span class="pp-class-166 pa t3466 l3 ls48">assessing </span><span class="pp-class-166 pa t3466 l28067">the </span><span class="pp-class-166 pa t3466 l34237 ls66">probable </span><span class="pp-class-166 pa t3466 l40741 ls614">outcome </span><span class="pp-class-166 pa t3466 l14141">of </span><span class="pp-class-166 pa t3466 l37002 ls234">material </span><span class="pp-class-166 pa t3466 l28436">legal </span><span class="pp-class-166 pa t3466 l37275 ls1528">proceedings, </span><span class="pp-class-166 pa t3466 l40742 ls78">etc.</span></p></div></div><div class="pp-class-4" id="pp-id-4426" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40743 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t40744 l3 ls1020">Provisions</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40745 l3 ls1410">Provisions </span><span class="pp-class-166 pa t40745 l40682 ls48">have </span><span class="pp-class-166 pa t40745 l3864 ls1528">not </span><span class="pp-class-166 pa t40745 l850">been </span><span class="pp-class-166 pa t40745 l3813 ls189">discounted, </span><span class="pp-class-166 pa t40745 l40746">as </span><span class="pp-class-166 pa t40745 l40747">the </span><span class="pp-class-166 pa t40745 l27082 ls2221">effect </span><span class="pp-class-166 pa t40745 l15245 ls856">thereof </span><span class="pp-class-166 pa t40745 l3947">is </span><span class="pp-class-166 pa t40745 l40748 ls86">immaterial. </span><span class="pp-class-166 pa t40749 l3 ls1410">Provisions </span><span class="pp-class-166 pa t40749 l40682 ls228">are </span><span class="pp-class-166 pa t40749 l32848 ls70">expected </span><span class="pp-class-166 pa t40749 l3506 ls135">to </span><span class="pp-class-166 pa t40749 l6106">be </span><span class="pp-class-166 pa t40749 l9811 ls461">settled </span><span class="pp-class-166 pa t40749 l40750">within </span><span class="pp-class-166 pa t40749 l40751 ls70">two </span><span class="pp-class-166 pa t40749 l40752 ls101">years </span><span class="pp-class-166 pa t40749 l40753">in </span><span class="pp-class-166 pa t40749 l40754">all </span><span class="pp-class-166 pa t40749 l32349 ls234">material </span><span class="pp-class-166 pa t40749 l40755 ls461">respects.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t40756 l3 ls455">Restructuring </span><span class="pp-class-172 pa t40756 l40757 ls2307">costs</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40758 l3 ls750">Restructuring </span><span class="pp-class-166 pa t40758 l38171 ls1129">costs </span><span class="pp-class-166 pa t40758 l28277 ls2500">relate </span><span class="pp-class-166 pa t40758 l23088">mainly </span><span class="pp-class-166 pa t40758 l40759 ls135">to </span><span class="pp-class-166 pa t40758 l11137">the </span><span class="pp-class-166 pa t40758 l40760 ls66">integration </span><span class="pp-class-166 pa t40758 l40761">of </span><span class="pp-class-166 pa t40758 l40762 ls702">acquirees </span><span class="pp-class-166 pa t40758 l40763">and </span><span class="pp-class-166 pa t40758 l40764">the </span><span class="pp-class-166 pa t40758 l40765 ls1860">re-</span><span class="pp-class-166 pa t40766 l3 ls3185">structuring </span><span class="pp-class-166 pa t40766 l40767">plans </span><span class="pp-class-166 pa t40766 l30509 ls164">previously </span><span class="pp-class-166 pa t40766 l31837 ls923">announced, </span><span class="pp-class-166 pa t40766 l6792">which </span><span class="pp-class-166 pa t40766 l40768 ls59">consist </span><span class="pp-class-166 pa t40766 l40769">mainly </span><span class="pp-class-166 pa t40766 l14407">of </span><span class="pp-class-166 pa t40766 l40770 ls86">termination </span><span class="pp-class-166 pa t40771 l3">benefits </span><span class="pp-class-166 pa t40771 l40772">and </span><span class="pp-class-166 pa t40771 l40472 ls1129">costs </span><span class="pp-class-166 pa t40771 l40773">under </span><span class="pp-class-166 pa t40771 l40774 ls946">terminated </span><span class="pp-class-166 pa t40771 l39024 ls239">leases.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t40775 l3 ls187">Disputes </span><span class="pp-class-172 pa t40775 l32136">and </span><span class="pp-class-172 pa t40775 l40776">legal </span><span class="pp-class-172 pa t40775 l4476 ls4081">actions</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40777 l3 ls1410">Provisions </span><span class="pp-class-166 pa t40777 l40682 ls228">for </span><span class="pp-class-166 pa t40777 l38948 ls234">disputes </span><span class="pp-class-166 pa t40777 l40778">and </span><span class="pp-class-166 pa t40777 l40779">legal </span><span class="pp-class-166 pa t40777 l33842 ls4267">actions </span><span class="pp-class-166 pa t40777 l40780 ls2500">relate </span><span class="pp-class-166 pa t40777 l40781">mainly </span><span class="pp-class-166 pa t40777 l5698 ls135">to </span><span class="pp-class-166 pa t40777 l4526">ongoing </span><span class="pp-class-166 pa t40777 l12238 ls234">disputes </span><span class="pp-class-166 pa t40782 l3">and </span><span class="pp-class-166 pa t40782 l1192">legal </span><span class="pp-class-166 pa t40782 l40783 ls5508">proceedings.</span></p></div></div><div class="pp-class-4" id="pp-id-4427" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40784 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3 ls2307">Value-added </span><span class="pp-class-172 pa t3624 l10550 ls4384">taxes </span><span class="pp-class-172 pa t3624 l40785">and </span><span class="pp-class-172 pa t3624 l40786 ls164">other </span><span class="pp-class-172 pa t3624 l21670 ls4384">taxes </span><span class="pp-class-172 pa t3624 l40787 ls3966">subject </span><span class="pp-class-172 pa t3624 l40788 ls1866">to </span><span class="pp-class-172 pa t3624 l40789 ls226">indemnification</span><span class="pp-class-166 pa t3330 l3 ls101">Indemnification </span><span class="pp-class-166 pa t3330 l8920">liabilities </span><span class="pp-class-166 pa t3330 l33088 ls1502">totalled </span><span class="pp-class-166 pa t3330 l30627">DKK </span><span class="pp-class-166 pa t3330 l40790">1,494 </span><span class="pp-class-166 pa t3330 l10014">million </span><span class="pp-class-166 pa t3330 l40791">(2024: </span><span class="pp-class-166 pa t3330 l38160">DKK </span><span class="pp-class-166 pa t3330 l40792">1,763 </span><span class="pp-class-166 pa t3330 l40793">million) </span><span class="pp-class-166 pa t3338 l3">and </span><span class="pp-class-166 pa t3338 l1192 ls2500">relate </span><span class="pp-class-166 pa t3338 l22939 ls135">to </span><span class="pp-class-166 pa t3338 l206 ls455">various </span><span class="pp-class-166 pa t3338 l38544 ls234">company- </span><span class="pp-class-166 pa t3338 l40794">and </span><span class="pp-class-166 pa t3338 l21319 ls205">value-added </span><span class="pp-class-166 pa t3338 l4491 ls2236">taxes </span><span class="pp-class-166 pa t3338 l2104 ls267">from </span><span class="pp-class-166 pa t3338 l5234">the </span><span class="pp-class-166 pa t3338 l40795">GIL </span><span class="pp-class-166 pa t3338 l39517 ls428">acquisition. </span><span class="pp-class-166 pa t3348 l3 ls75">A </span><span class="pp-class-166 pa t3348 l40796 ls1402">corresponding </span><span class="pp-class-166 pa t3348 l40797 ls497">indemnification </span><span class="pp-class-166 pa t3348 l40798 ls135">asset </span><span class="pp-class-166 pa t3348 l33688 ls1528">has </span><span class="pp-class-166 pa t3348 l40799 ls1740">been </span><span class="pp-class-166 pa t3348 l40800 ls115">recognised </span><span class="pp-class-166 pa t3348 l40801 ls2540">as </span><span class="pp-class-166 pa t3348 l5117 ls1866">other </span><span class="pp-class-166 pa t3348 l14613 ls2500">non-current </span><span class="pp-class-166 pa t3360 l3 ls1444">receivables.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3682 l3">Other </span><span class="pp-class-172 pa t3682 l1116 ls2540">provisions</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3">Other </span><span class="pp-class-166 pa t3375 l4385 ls164">provisions </span><span class="pp-class-166 pa t3375 l4438">include </span><span class="pp-class-166 pa t3375 l29081 ls2382">restoration </span><span class="pp-class-166 pa t3375 l40802">obligations </span><span class="pp-class-166 pa t3375 l40803 ls740">linked </span><span class="pp-class-166 pa t3375 l28253 ls135">to </span><span class="pp-class-166 pa t3375 l40804 ls923">properties </span><span class="pp-class-166 pa t3375 l40805">(DKK </span><span class="pp-class-166 pa t3387 l3">1,843 </span><span class="pp-class-166 pa t3387 l8623">million). </span><span class="pp-class-166 pa t3387 l20694">The </span><span class="pp-class-166 pa t3387 l40806 ls851">remaining </span><span class="pp-class-166 pa t3387 l6344 ls187">balance </span><span class="pp-class-166 pa t3387 l40807">primarily </span><span class="pp-class-166 pa t3387 l40808">includes </span><span class="pp-class-166 pa t3387 l40809 ls164">provisions </span><span class="pp-class-166 pa t3387 l40810 ls228">for </span><span class="pp-class-166 pa t3387 l23848">employ-</span><span class="pp-class-166 pa t3395 l3">ee </span><span class="pp-class-166 pa t3395 l40811 ls1766">related </span><span class="pp-class-166 pa t3395 l4025">obligations </span><span class="pp-class-166 pa t3395 l40812">and </span><span class="pp-class-166 pa t3395 l40813">liabilities </span><span class="pp-class-166 pa t3395 l27639">arising </span><span class="pp-class-166 pa t3395 l40814 ls267">from </span><span class="pp-class-166 pa t3395 l40815 ls856">onerous </span><span class="pp-class-166 pa t3395 l40816 ls1761">contracts. </span></p></div></div><div id="pp-id-4428" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h40817 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2300">Provisions </span><span class="pp-class-170 pa t37784 l40818">- </span><span class="pp-class-170 pa t37784 l10656 ls2275">2025</span><span class="pp-class-166 pa t37784 l40819"/><span class="pp-class-166 pa t37784 l40820">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40821 ls15855">Restructuring </span><span class="pp-class-166 pa t37784 l40822 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40823 ls234">Disputes </span><span class="pp-class-166 pa t28110 l40824">and </span><span class="pp-class-166 pa t37784 l40825">legal </span><span class="pp-class-166 pa t37784 l40826 ls1636">actions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40827 ls101">Indemnification </span><span class="pp-class-166 pa t37784 l40828">liabilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l40829">Other </span><span class="pp-class-166 pa t37784 l40830 ls851">provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40831 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls1410">Provisions </span><span class="pp-class-166 pa t33226 l40682">at </span><span class="pp-class-166 pa t33226 l40832">1 </span><span class="pp-class-166 pa t33226 l20928 ls1915">January </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l40833">426</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l40834">1,012</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l40835 ls2690">1,763</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l40836">2,089</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38235">5,290</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">Additions </span><span class="pp-class-166 pa t40837 l35356 ls228">for </span><span class="pp-class-166 pa t40837 l14735">the </span><span class="pp-class-166 pa t40837 l494 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l40838">1,730</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l40839">227</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l40840">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l40836">1,277</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l38235">3,234</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">Additions </span><span class="pp-class-166 pa t40841 l35356 ls267">from </span><span class="pp-class-166 pa t40841 l39069 ls394">business </span><span class="pp-class-166 pa t40841 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l40833">781</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l40834">2,100</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l40840">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l40836">5,227</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l38235">8,108</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">Used </span><span class="pp-class-166 pa t40842 l9437 ls228">for </span><span class="pp-class-166 pa t40842 l40843">the </span><span class="pp-class-166 pa t40842 l22134 ls48">year </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l40844">(305)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l40845">(674)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l40840">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l40846">(2,832)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l37845">(3,811)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1217">Reversal </span><span class="pp-class-166 pa t40847 l10432">of </span><span class="pp-class-166 pa t40847 l40848 ls164">provisions </span><span class="pp-class-166 pa t40847 l9946">made </span><span class="pp-class-166 pa t40847 l8675">in </span><span class="pp-class-166 pa t40847 l15032 ls66">previous </span><span class="pp-class-166 pa t40847 l40849 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l40850">(49)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l40845">(120)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l40840">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l40851">140</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l40852">(29)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls187">Currency </span><span class="pp-class-166 pa t37425 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l40853">(2)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l40854">(37)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l40855 ls2690">(269)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l40856">(67)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l40857">(375)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls2300">Provisions </span><span class="pp-class-170 pa t37427 l40818 ls1866">at </span><span class="pp-class-170 pa t37427 l27134 ls1866">31 </span><span class="pp-class-170 pa t37427 l40858 ls5048">December </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l40859 ls2690">2,581</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l40860 ls2690">2,508</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l40861 ls2690">1,494</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l40862 ls2690">5,834</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l38228 ls2688">12,417</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40863 l3 ls921">Non-current/current </span><span class="pp-class-172 pa t40863 l7094 ls461">classification:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40864 l3 ls946">Non-current </span><span class="pp-class-166 pa t40864 l36824">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40864 l40833">745</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40864 l40834">1,318</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40864 l40835 ls2690">1,494</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40864 l40836">2,371</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40864 l38235">5,928</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40865 l3 ls1430">Current </span><span class="pp-class-166 pa t40865 l20615">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40865 l40838">1,836</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40865 l40834">1,190</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40865 l40840">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40865 l40836">3,463</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40865 l38235">6,489</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40866 l3 ls2300">Provisions </span><span class="pp-class-170 pa t40866 l40818 ls1866">at </span><span class="pp-class-170 pa t40866 l27134 ls1866">31 </span><span class="pp-class-170 pa t40866 l40858 ls5048">December </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40866 l40859 ls2690">2,581</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40866 l40860 ls2690">2,508</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40866 l40861 ls2690">1,494</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40866 l40862 ls2690">5,834</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40866 l38228 ls2688">12,417</span></p></td></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls1410">Provisions </span><span class="pp-class-166 pa t3330 l40682 ls228">are </span><span class="pp-class-166 pa t3330 l32848 ls564">recognised </span><span class="pp-class-166 pa t3330 l40683">when, </span><span class="pp-class-166 pa t3330 l40684">due </span><span class="pp-class-166 pa t3330 l20041 ls135">to </span><span class="pp-class-166 pa t3330 l1979">an </span><span class="pp-class-166 pa t3330 l40685 ls101">event </span><span class="pp-class-166 pa t3330 l40686 ls853">occurring </span><span class="pp-class-166 pa t3330 l40687">on </span><span class="pp-class-166 pa t3330 l40688">or </span><span class="pp-class-166 pa t3330 l5388 ls1498">before </span><span class="pp-class-166 pa t3330 l40689">the </span><span class="pp-class-166 pa t3338 l3 ls1428">reporting </span><span class="pp-class-166 pa t3338 l9924 ls189">date, </span><span class="pp-class-166 pa t3338 l5480">the </span><span class="pp-class-166 pa t3338 l5072 ls497">Group </span><span class="pp-class-166 pa t3338 l2164">has </span><span class="pp-class-166 pa t3338 l10857">a </span><span class="pp-class-166 pa t3338 l40690">legal </span><span class="pp-class-166 pa t3338 l40691">or </span><span class="pp-class-166 pa t3338 l12834 ls394">constructive </span><span class="pp-class-166 pa t3338 l40692">obligation </span><span class="pp-class-166 pa t3338 l40693">and </span><span class="pp-class-166 pa t3338 l12988">it </span><span class="pp-class-166 pa t3338 l40694">is </span><span class="pp-class-166 pa t3338 l15234 ls497">proba-</span><span class="pp-class-166 pa t3348 l3">ble </span><span class="pp-class-166 pa t3348 l19474">that </span><span class="pp-class-166 pa t3348 l6963">the </span><span class="pp-class-166 pa t3348 l40695 ls497">Group </span><span class="pp-class-166 pa t3348 l40696">will </span><span class="pp-class-166 pa t3348 l30970 ls48">have </span><span class="pp-class-166 pa t3348 l15357 ls135">to </span><span class="pp-class-166 pa t3348 l40697 ls48">give </span><span class="pp-class-166 pa t3348 l40698">up </span><span class="pp-class-166 pa t3348 l36432 ls564">future </span><span class="pp-class-166 pa t3348 l40699 ls234">economic </span><span class="pp-class-166 pa t3348 l12014">benefits </span><span class="pp-class-166 pa t3348 l9910 ls135">to </span><span class="pp-class-166 pa t3348 l40700 ls923">meet </span><span class="pp-class-166 pa t3348 l40701">the </span><span class="pp-class-166 pa t3360 l3">obligation.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3682 l3 ls1410">Provisions </span><span class="pp-class-166 pa t3682 l40682 ls228">are </span><span class="pp-class-166 pa t3682 l32848 ls1528">measured </span><span class="pp-class-166 pa t3682 l28260">on </span><span class="pp-class-166 pa t3682 l40702">the </span><span class="pp-class-166 pa t3682 l26024">basis </span><span class="pp-class-166 pa t3682 l12552">of </span><span class="pp-class-166 pa t3682 l15401 ls1528">Management’s </span><span class="pp-class-166 pa t3682 l40703 ls461">best </span><span class="pp-class-166 pa t3682 l7337 ls740">estimate </span><span class="pp-class-166 pa t3682 l40704">of </span><span class="pp-class-166 pa t3682 l40705">the </span><span class="pp-class-166 pa t3375 l3 ls86">anticipated </span><span class="pp-class-166 pa t3375 l40706 ls1129">expenditure </span><span class="pp-class-166 pa t3375 l22199 ls228">for </span><span class="pp-class-166 pa t3375 l38029 ls10409">settlement </span><span class="pp-class-166 pa t3375 l40707">of </span><span class="pp-class-166 pa t3375 l32060">the </span><span class="pp-class-166 pa t3375 l40708 ls1528">relevant </span><span class="pp-class-166 pa t3375 l40709">obligation </span><span class="pp-class-166 pa t3375 l40710">and </span><span class="pp-class-166 pa t3375 l40711 ls228">are </span><span class="pp-class-166 pa t3387 l3 ls946">discounted </span><span class="pp-class-166 pa t3387 l20993">if </span><span class="pp-class-166 pa t3387 l14105">deemed </span><span class="pp-class-166 pa t3387 l13678 ls234">material.</span></p> <div class="pp-class-4" id="pp-id-4433" xmlns="http://www.w3.org/1999/xhtml"><div class="w27050 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls40957">4.1 </span><span class="pp-class-169 pa t254 l40958 ls249">Capital </span><span class="pp-class-169 pa t254 l40959 ls40960">structure </span><span class="pp-class-169 pa t254 l40961 ls40957">and </span><span class="pp-class-169 pa t254 l40962 ls40963">capital </span><span class="pp-class-169 pa t254 l40964 ls40965">allocation</span></p></div></div><div class="pp-class-4" id="pp-id-4434" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h40966 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t40967 l3 ls1180">Capital </span><span class="pp-class-170 pa t40967 l38033 ls13609">structure</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40968 l3 ls1853">The </span><span class="pp-class-166 pa t40968 l1942 ls2668">capital </span><span class="pp-class-166 pa t40968 l29030 ls6928">structure </span><span class="pp-class-166 pa t40968 l37883 ls1866">of </span><span class="pp-class-166 pa t40968 l40969 ls1853">DSV </span><span class="pp-class-166 pa t40968 l36302 ls1866">is </span><span class="pp-class-166 pa t40968 l40970 ls2298">intended </span><span class="pp-class-166 pa t40968 l39984 ls2302">to </span><span class="pp-class-166 pa t40968 l39434 ls1860">maintain </span><span class="pp-class-166 pa t40968 l38165 ls115">financial </span><span class="pp-class-166 pa t40968 l40971 ls1174">stability, </span><span class="pp-class-166 pa t40968 l40972 ls564">optimise </span><span class="pp-class-166 pa t40973 l3 ls3490">cost </span><span class="pp-class-166 pa t40973 l10527">of </span><span class="pp-class-166 pa t40973 l38319 ls853">capital </span><span class="pp-class-166 pa t40973 l28300">and </span><span class="pp-class-166 pa t40973 l3904 ls135">to </span><span class="pp-class-166 pa t40973 l3905 ls564">ensure </span><span class="pp-class-166 pa t40973 l40974">financial </span><span class="pp-class-166 pa t40973 l40975 ls495">readiness </span><span class="pp-class-166 pa t40973 l40976">allowing </span><span class="pp-class-166 pa t40973 l40977 ls135">to </span><span class="pp-class-166 pa t40973 l40978 ls5033">act </span><span class="pp-class-166 pa t40973 l14460">on </span><span class="pp-class-166 pa t40973 l40979 ls394">business </span><span class="pp-class-166 pa t40980 l3 ls2471">opportunities </span><span class="pp-class-166 pa t40980 l5422">as </span><span class="pp-class-166 pa t40980 l12466 ls890">they </span><span class="pp-class-166 pa t40980 l40981 ls856">present </span><span class="pp-class-166 pa t40980 l15318 ls205">themselves. </span><span class="pp-class-166 pa t40980 l40982">The </span><span class="pp-class-166 pa t40980 l40983 ls455">gearing </span><span class="pp-class-166 pa t40980 l21755 ls1129">ratio </span><span class="pp-class-166 pa t40980 l40984 ls1528">was </span><span class="pp-class-166 pa t40980 l40985">2.8 </span><span class="pp-class-166 pa t40980 l40986">at </span><span class="pp-class-166 pa t40980 l40987">31 </span><span class="pp-class-166 pa t40988 l3 ls234">December </span><span class="pp-class-166 pa t40988 l11316">2025 </span><span class="pp-class-166 pa t40988 l10344">(2024: </span><span class="pp-class-166 pa t40988 l12773">0.0). </span><span class="pp-class-166 pa t40988 l40989">The </span><span class="pp-class-166 pa t40988 l39651 ls1428">long-term </span><span class="pp-class-166 pa t40988 l40990 ls2046">target </span><span class="pp-class-166 pa t40988 l14475 ls455">gearing </span><span class="pp-class-166 pa t40988 l40991 ls1129">ratio </span><span class="pp-class-166 pa t40988 l5463 ls856">remains </span><span class="pp-class-166 pa t40992 l3">below </span><span class="pp-class-166 pa t40992 l30733">2.0x </span><span class="pp-class-166 pa t40992 l40993 ls379">EBITDA, </span><span class="pp-class-166 pa t40992 l795">but </span><span class="pp-class-166 pa t40992 l5326">is </span><span class="pp-class-166 pa t40992 l34937 ls856">currently </span><span class="pp-class-166 pa t40992 l14172 ls1849">affected </span><span class="pp-class-166 pa t40992 l40994">by </span><span class="pp-class-166 pa t40992 l40995">the </span><span class="pp-class-166 pa t40992 l40996 ls86">acquisition </span><span class="pp-class-166 pa t40992 l40997">of </span><span class="pp-class-166 pa t40992 l40998 ls54">Schenker. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t40999 l3 ls1180">Capital </span><span class="pp-class-170 pa t40999 l38033 ls3686">allocation</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41000 l3 ls1853">The </span><span class="pp-class-166 pa t41000 l1942 ls2247">Group </span><span class="pp-class-166 pa t41000 l41001 ls2690">aims </span><span class="pp-class-166 pa t41000 l39616 ls2302">to </span><span class="pp-class-166 pa t41000 l20763 ls2688">spend </span><span class="pp-class-166 pa t41000 l41002 ls1853">its </span><span class="pp-class-166 pa t41000 l41003 ls2353">free </span><span class="pp-class-166 pa t41000 l41004 ls2980">cash </span><span class="pp-class-166 pa t41000 l41005 ls2690">flow </span><span class="pp-class-166 pa t41000 l28008 ls1866">in </span><span class="pp-class-166 pa t41000 l41006 ls1853">the </span><span class="pp-class-166 pa t41000 l41007 ls2675">following </span><span class="pp-class-166 pa t41000 l31823 ls2247">order </span><span class="pp-class-166 pa t41000 l28103 ls1866">of </span><span class="pp-class-166 pa t41000 l41008 ls3962">priority:</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41009 l3">1. </span><span class="pp-class-166 pa t41009 l4255 ls2235">Repayment </span><span class="pp-class-166 pa t41009 l41010">of </span><span class="pp-class-166 pa t41009 l41011 ls234">net </span><span class="pp-class-166 pa t41009 l41012 ls107">interest-bearing </span><span class="pp-class-166 pa t41009 l41013 ls923">debt </span><span class="pp-class-166 pa t41009 l22684">in </span><span class="pp-class-166 pa t41009 l41014">periods </span><span class="pp-class-166 pa t41009 l41015">when </span><span class="pp-class-166 pa t41009 l41016">the </span><span class="pp-class-166 pa t41009 l41017">financial </span><span class="pp-class-166 pa t41018 l4255 ls455">gearing </span><span class="pp-class-166 pa t41018 l9293 ls1129">ratio </span><span class="pp-class-166 pa t41018 l9294">is </span><span class="pp-class-166 pa t41018 l9295 ls101">above </span><span class="pp-class-166 pa t41018 l9296 ls234">target;</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41019 l3 ls1866">2. </span><span class="pp-class-166 pa t41019 l4255 ls6605">Value-adding </span><span class="pp-class-166 pa t41019 l41020 ls2487">investments </span><span class="pp-class-166 pa t41019 l41021 ls1866">in </span><span class="pp-class-166 pa t41019 l41022 ls1853">the </span><span class="pp-class-166 pa t41019 l41023 ls2353">form </span><span class="pp-class-166 pa t41019 l41024 ls1866">of </span><span class="pp-class-166 pa t41019 l41025 ls2483">acquisitions </span><span class="pp-class-166 pa t41019 l41026 ls1866">or </span><span class="pp-class-166 pa t41019 l41027 ls10352">development </span><span class="pp-class-166 pa t41019 l41028 ls2540">of </span><span class="pp-class-166 pa t41029 l4255 ls1853">the </span><span class="pp-class-166 pa t41029 l22548 ls13029">existing </span><span class="pp-class-166 pa t41029 l41030 ls3681">business;</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41031 l3 ls1866">3. </span><span class="pp-class-166 pa t41031 l4255 ls4340">Distribution </span><span class="pp-class-166 pa t41031 l41032 ls2302">to </span><span class="pp-class-166 pa t41031 l41033 ls1853">the </span><span class="pp-class-166 pa t41031 l41034 ls2315">Company’s </span><span class="pp-class-166 pa t41031 l41035 ls129">shareholders </span><span class="pp-class-166 pa t41031 l41036 ls1866">by </span><span class="pp-class-166 pa t41031 l41037 ls1536">means </span><span class="pp-class-166 pa t41031 l41038 ls1866">of </span><span class="pp-class-166 pa t41031 l41039 ls2247">share </span><span class="pp-class-166 pa t41031 l41040 ls2500">buybacks </span><span class="pp-class-166 pa t41041 l4255 ls1853">and </span><span class="pp-class-166 pa t41041 l41042 ls115">dividends.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41043 l3 ls2257">Net </span><span class="pp-class-170 pa t41043 l10733 ls2241">interest-bearing </span><span class="pp-class-170 pa t41043 l41044 ls2263">debt </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41045 l3 ls1853">The </span><span class="pp-class-166 pa t41045 l1942 ls2247">Group </span><span class="pp-class-166 pa t41045 l41001 ls2300">increased </span><span class="pp-class-166 pa t41045 l41046 ls1853">its </span><span class="pp-class-166 pa t41045 l41047 ls2349">net </span><span class="pp-class-166 pa t41045 l7505 ls1663">interest-bearing </span><span class="pp-class-166 pa t41045 l41048 ls2980">debt </span><span class="pp-class-166 pa t41045 l32395 ls1866">in </span><span class="pp-class-166 pa t41045 l14194 ls2690">2025 </span><span class="pp-class-166 pa t41045 l28410 ls1866">by </span><span class="pp-class-166 pa t41045 l23471 ls1853">DKK </span><span class="pp-class-166 pa t41045 l3779 ls1858">87,153 </span><span class="pp-class-166 pa t41045 l41049 ls1853">million </span><span class="pp-class-166 pa t41050 l3 ls1858">(2024: </span><span class="pp-class-166 pa t41050 l41051 ls2300">decreased </span><span class="pp-class-166 pa t41050 l41052 ls1866">by </span><span class="pp-class-166 pa t41050 l41053 ls1853">DKK </span><span class="pp-class-166 pa t41050 l41054 ls1858">35,112 </span><span class="pp-class-166 pa t41050 l41055 ls115">million). </span><span class="pp-class-166 pa t41050 l41056 ls1552">At </span><span class="pp-class-166 pa t41050 l41057 ls1866">31 </span><span class="pp-class-166 pa t41050 l41058 ls2298">December </span><span class="pp-class-166 pa t41050 l41059">2025, </span><span class="pp-class-166 pa t41050 l41060 ls234">net </span><span class="pp-class-166 pa t41050 l41061 ls3145">interest-</span><span class="pp-class-166 pa t41062 l3 ls455">bearing </span><span class="pp-class-166 pa t41062 l41063 ls923">debt </span><span class="pp-class-166 pa t41062 l41064 ls1528">was </span><span class="pp-class-166 pa t41062 l23082 ls1598">impacted </span><span class="pp-class-166 pa t41062 l41065">by </span><span class="pp-class-166 pa t41062 l41066">the </span><span class="pp-class-166 pa t41062 l41067 ls86">acquisition </span><span class="pp-class-166 pa t41062 l41068">of </span><span class="pp-class-166 pa t41062 l10088 ls234">Schenker </span><span class="pp-class-166 pa t41062 l26537">on </span><span class="pp-class-166 pa t41062 l12942">30 </span><span class="pp-class-166 pa t41062 l41069">April </span><span class="pp-class-166 pa t41062 l41070">2025. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41071 l3 ls234">Net </span><span class="pp-class-166 pa t41071 l11333 ls107">interest-bearing </span><span class="pp-class-166 pa t41071 l11334 ls923">debt </span><span class="pp-class-166 pa t41071 l11335 ls234">can </span><span class="pp-class-166 pa t41071 l23646">be </span><span class="pp-class-166 pa t41071 l16289">specified </span><span class="pp-class-166 pa t41071 l24727">as </span><span class="pp-class-166 pa t41071 l41072 ls455">follows:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41073 l3 ls1853">Net </span><span class="pp-class-170 pa t41073 l41074 ls129">interest-bearing </span><span class="pp-class-170 pa t41073 l41075 ls2690">debt </span><span class="pp-class-166 pa t41073 l41076">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41073 l37862 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41073 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41077 l3 ls75">Lease </span><span class="pp-class-166 pa t41077 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41077 l37933">30,930</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41077 l28139">21,673</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41078 l3 ls107">Interest-bearing </span><span class="pp-class-166 pa t41078 l18910 ls856">borrowings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41078 l37933">67,002</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41078 l28139">61,144</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41079 l3 ls66">Pensions </span><span class="pp-class-166 pa t41079 l35194">and </span><span class="pp-class-166 pa t41079 l21837 ls75">other </span><span class="pp-class-166 pa t41079 l19002 ls394">post-employment </span><span class="pp-class-166 pa t41079 l35195">benefit </span><span class="pp-class-166 pa t41079 l22040">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41079 l37867">2,098</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41079 l28132">457</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41080 l3">Other </span><span class="pp-class-166 pa t41080 l4385 ls4405">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41080 l40005">(227)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41080 l40006">(227)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41081 l3 ls4015">Cash </span><span class="pp-class-166 pa t41081 l2927">and </span><span class="pp-class-166 pa t41081 l35112 ls923">cash </span><span class="pp-class-166 pa t41081 l1854 ls205">equivalents</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41081 l37963">(13,179)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41081 l41082">(83,576)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41083 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41083 l38039 ls2688">86,624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41083 l41084 ls2690">(529)</span></p></td></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3348 l3 ls1160">Distribution </span><span class="pp-class-170 pa t3348 l41085 ls263">to </span><span class="pp-class-170 pa t3348 l41086 ls2257">the </span><span class="pp-class-170 pa t3348 l41087 ls32755">Company’s </span><span class="pp-class-170 pa t3348 l41088 ls1466">shareholders</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3360 l3">In </span><span class="pp-class-166 pa t3360 l1589">2025, </span><span class="pp-class-166 pa t3360 l1590">the </span><span class="pp-class-166 pa t3360 l1591 ls497">Group </span><span class="pp-class-166 pa t3360 l19027">spent </span><span class="pp-class-166 pa t3360 l41089">DKK </span><span class="pp-class-166 pa t3360 l41090">0 </span><span class="pp-class-166 pa t3360 l40256">million </span><span class="pp-class-166 pa t3360 l1739">on </span><span class="pp-class-166 pa t3360 l22091">the </span><span class="pp-class-166 pa t3360 l41091 ls66">purchase </span><span class="pp-class-166 pa t3360 l41092">of </span><span class="pp-class-166 pa t3360 l41093 ls187">treasury </span><span class="pp-class-166 pa t3360 l41094 ls564">shares </span><span class="pp-class-166 pa t3360 l41095">and </span><span class="pp-class-166 pa t3373 l3">DKK </span><span class="pp-class-166 pa t3373 l3885">1,683 </span><span class="pp-class-166 pa t3373 l2281">million </span><span class="pp-class-166 pa t3373 l3886">on </span><span class="pp-class-166 pa t3373 l41096">dividends </span><span class="pp-class-166 pa t3373 l7344 ls977">distributed </span><span class="pp-class-166 pa t3373 l7055">(2024: </span><span class="pp-class-166 pa t3373 l41097">DKK </span><span class="pp-class-166 pa t3373 l41098">3,347 </span><span class="pp-class-166 pa t3373 l15469">million </span><span class="pp-class-166 pa t3373 l27742">and </span><span class="pp-class-166 pa t3373 l41099">DKK </span><span class="pp-class-166 pa t3682 l3">1,533 </span><span class="pp-class-166 pa t3682 l8623">million, </span><span class="pp-class-166 pa t3682 l41100 ls556">respectively). </span><span class="pp-class-166 pa t3682 l31556">It </span><span class="pp-class-166 pa t3682 l26033">is </span><span class="pp-class-166 pa t3682 l41101 ls66">proposed </span><span class="pp-class-166 pa t3682 l41102 ls135">to </span><span class="pp-class-166 pa t3682 l40735 ls154">distribute </span><span class="pp-class-166 pa t3682 l26129">a </span><span class="pp-class-166 pa t3682 l41103">dividend </span><span class="pp-class-166 pa t3682 l41104">of </span><span class="pp-class-166 pa t3682 l41105">DKK </span><span class="pp-class-166 pa t3682 l34049">7.00 </span><span class="pp-class-166 pa t3375 l3">per </span><span class="pp-class-166 pa t3375 l12793 ls497">share </span><span class="pp-class-166 pa t3375 l18848 ls228">for </span><span class="pp-class-166 pa t3375 l18849">2026 </span><span class="pp-class-166 pa t3375 l18850">(2025: </span><span class="pp-class-166 pa t3375 l18851">DKK </span><span class="pp-class-166 pa t3375 l3610">7.00). </span></p> 7 7 <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3395 l3 ls2243">Cash </span><span class="pp-class-170 pa t3395 l41106 ls2257">and </span><span class="pp-class-170 pa t3395 l21240 ls1585">capital </span><span class="pp-class-170 pa t3395 l41107 ls4852">restrictions</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3406 l3 ls923">Cash </span><span class="pp-class-166 pa t3406 l41108 ls1528">and </span><span class="pp-class-166 pa t3406 l41109 ls1343">cash </span><span class="pp-class-166 pa t3406 l21599 ls2432">equivalents </span><span class="pp-class-166 pa t3406 l9423 ls2382">comprise </span><span class="pp-class-166 pa t3406 l30860 ls1343">cash </span><span class="pp-class-166 pa t3406 l41110 ls2540">on </span><span class="pp-class-166 pa t3406 l41111 ls2061">hand, </span><span class="pp-class-166 pa t3406 l41112 ls3962">short-term </span><span class="pp-class-166 pa t3406 l41113 ls1343">cash </span><span class="pp-class-166 pa t3406 l41114 ls564">deposits </span><span class="pp-class-166 pa t3406 l41115 ls75">and </span><span class="pp-class-166 pa t3722 l3 ls239">short-term </span><span class="pp-class-166 pa t3722 l21100">liquid </span><span class="pp-class-166 pa t3722 l41116 ls4053">assets </span><span class="pp-class-166 pa t3722 l23908">that </span><span class="pp-class-166 pa t3722 l10570 ls228">are </span><span class="pp-class-166 pa t3722 l9350 ls1410">readily </span><span class="pp-class-166 pa t3722 l10183 ls226">convertible </span><span class="pp-class-166 pa t3722 l41117 ls135">to </span><span class="pp-class-166 pa t3722 l41118 ls923">cash </span><span class="pp-class-166 pa t3722 l41119">and </span><span class="pp-class-166 pa t3722 l20420 ls228">are </span><span class="pp-class-166 pa t3722 l30745 ls4267">subject </span><span class="pp-class-166 pa t3722 l41120 ls135">to </span><span class="pp-class-166 pa t3728 l3 ls158">insignificant </span><span class="pp-class-166 pa t3728 l30573">risk </span><span class="pp-class-166 pa t3728 l20013">of </span><span class="pp-class-166 pa t3728 l41121">changes </span><span class="pp-class-166 pa t3728 l41122">in </span><span class="pp-class-166 pa t3728 l41123 ls239">value. </span><span class="pp-class-166 pa t3728 l41124">Of </span><span class="pp-class-166 pa t3728 l41125 ls169">total </span><span class="pp-class-166 pa t3728 l41126 ls923">cash </span><span class="pp-class-166 pa t3728 l41127">and </span><span class="pp-class-166 pa t3728 l27829 ls923">cash </span><span class="pp-class-166 pa t3728 l41128 ls205">equivalents, </span><span class="pp-class-166 pa t3728 l41129">DKK </span><span class="pp-class-166 pa t3417 l3 ls2688">2,651 </span><span class="pp-class-166 pa t3417 l21407 ls2660">million </span><span class="pp-class-166 pa t3417 l26153 ls1858">(2024: </span><span class="pp-class-166 pa t3417 l33526 ls1853">DKK </span><span class="pp-class-166 pa t3417 l41130 ls2688">1,786 </span><span class="pp-class-166 pa t3417 l41101 ls1498">million) </span><span class="pp-class-166 pa t3417 l41131 ls2289">are </span><span class="pp-class-166 pa t3417 l41132 ls135">subject </span><span class="pp-class-166 pa t3417 l41133 ls2302">to </span><span class="pp-class-166 pa t3417 l30935 ls1860">restrictions </span><span class="pp-class-166 pa t3417 l41134 ls1498">implying </span><span class="pp-class-166 pa t3417 l41135 ls135">that </span><span class="pp-class-166 pa t3427 l3 ls1853">the </span><span class="pp-class-166 pa t3427 l7038 ls2980">cash </span><span class="pp-class-166 pa t3427 l4185 ls1853">may </span><span class="pp-class-166 pa t3427 l33940 ls2313">not </span><span class="pp-class-166 pa t3427 l41136 ls1866">be </span><span class="pp-class-166 pa t3427 l41137 ls1186">readily </span><span class="pp-class-166 pa t3427 l41138 ls96">available </span><span class="pp-class-166 pa t3427 l41139 ls2289">for </span><span class="pp-class-166 pa t3427 l41140 ls129">general </span><span class="pp-class-166 pa t3427 l31814 ls1853">use </span><span class="pp-class-166 pa t3427 l31051 ls1866">or </span><span class="pp-class-166 pa t3427 l15028 ls2980">distribution </span><span class="pp-class-166 pa t3427 l33844 ls1866">by </span><span class="pp-class-166 pa t3427 l41141 ls1853">the </span><span class="pp-class-166 pa t3427 l41142 ls172">Group. </span><span class="pp-class-166 pa t3451 l3 ls158">Specification </span><span class="pp-class-166 pa t3451 l23743">of </span><span class="pp-class-166 pa t3451 l41143 ls923">cash </span><span class="pp-class-166 pa t3451 l31782">and </span><span class="pp-class-166 pa t3451 l29964 ls853">capital </span><span class="pp-class-166 pa t3451 l41144 ls143">restrictions </span><span class="pp-class-166 pa t3451 l41145">is </span><span class="pp-class-166 pa t3451 l19480 ls66">provided </span><span class="pp-class-166 pa t3451 l22064 ls1636">below: </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t3522 l3 ls93">Exchange </span><span class="pp-class-172 pa t3522 l41146 ls73">control </span><span class="pp-class-172 pa t3522 l41147 ls428">restrictions </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3532 l3 ls226">Exchange </span><span class="pp-class-166 pa t3532 l17518 ls1766">control </span><span class="pp-class-166 pa t3532 l5599 ls143">restrictions </span><span class="pp-class-166 pa t3532 l41148 ls234">comprise </span><span class="pp-class-166 pa t3532 l33882 ls923">cash </span><span class="pp-class-166 pa t3532 l41149 ls234">balances </span><span class="pp-class-166 pa t3532 l26070">in </span><span class="pp-class-166 pa t3532 l41150 ls1428">countries </span><span class="pp-class-166 pa t3532 l41151 ls497">where </span><span class="pp-class-166 pa t3532 l37887 ls48">vari-</span><span class="pp-class-166 pa t3542 l3">ous </span><span class="pp-class-166 pa t3542 l6498 ls497">forms </span><span class="pp-class-166 pa t3542 l41152">of </span><span class="pp-class-166 pa t3542 l25809 ls228">foreign </span><span class="pp-class-166 pa t3542 l23460 ls851">exchange </span><span class="pp-class-166 pa t3542 l41153 ls265">controls </span><span class="pp-class-166 pa t3542 l41154">or </span><span class="pp-class-166 pa t3542 l41155 ls75">other </span><span class="pp-class-166 pa t3542 l6182">legal </span><span class="pp-class-166 pa t3542 l23397 ls143">restrictions </span><span class="pp-class-166 pa t3542 l41156 ls1740">apply. </span><span class="pp-class-166 pa t3542 l41157">While </span><span class="pp-class-166 pa t3553 l3">the </span><span class="pp-class-166 pa t3553 l1913 ls923">cash </span><span class="pp-class-166 pa t3553 l41158 ls234">balances </span><span class="pp-class-166 pa t3553 l29845 ls228">are </span><span class="pp-class-166 pa t3553 l7186 ls394">available </span><span class="pp-class-166 pa t3553 l1885 ls228">for </span><span class="pp-class-166 pa t3553 l41159">the </span><span class="pp-class-166 pa t3553 l41160">daily </span><span class="pp-class-166 pa t3553 l33667 ls154">operations </span><span class="pp-class-166 pa t3553 l41161">of </span><span class="pp-class-166 pa t3553 l41162">the </span><span class="pp-class-166 pa t3553 l41163 ls1575">local </span><span class="pp-class-166 pa t3553 l41164">entities, </span><span class="pp-class-166 pa t3553 l41165">the </span><span class="pp-class-166 pa t3562 l3 ls234">balances </span><span class="pp-class-166 pa t3562 l6521 ls2540">cannot </span><span class="pp-class-166 pa t3562 l9746">be </span><span class="pp-class-166 pa t3562 l41166 ls86">immediately </span><span class="pp-class-166 pa t3562 l41167 ls5508">repatriated </span><span class="pp-class-166 pa t3562 l41168 ls135">to </span><span class="pp-class-166 pa t3562 l41169">the </span><span class="pp-class-166 pa t3562 l41170 ls234">ultimate </span><span class="pp-class-166 pa t3562 l41171 ls564">parent </span><span class="pp-class-166 pa t3562 l39450 ls1502">company. </span><span class="pp-class-166 pa t3573 l3 ls2170">To </span><span class="pp-class-166 pa t3573 l2171">a </span><span class="pp-class-166 pa t3573 l41172 ls187">limited </span><span class="pp-class-166 pa t3573 l41173 ls78">extent, </span><span class="pp-class-166 pa t3573 l41174 ls187">certain </span><span class="pp-class-166 pa t3573 l2595 ls923">cash </span><span class="pp-class-166 pa t3573 l41175 ls234">balances </span><span class="pp-class-166 pa t3573 l41176 ls2540">cannot </span><span class="pp-class-166 pa t3573 l41177 ls856">currently </span><span class="pp-class-166 pa t3573 l27523">be </span><span class="pp-class-166 pa t3573 l38115 ls5508">repatriated </span><span class="pp-class-166 pa t3573 l41178 ls135">to </span><span class="pp-class-166 pa t3884 l3">the </span><span class="pp-class-166 pa t3884 l1913 ls234">ultimate </span><span class="pp-class-166 pa t3884 l39263 ls564">parent </span><span class="pp-class-166 pa t3884 l7109 ls187">company </span><span class="pp-class-166 pa t3884 l41179">due </span><span class="pp-class-166 pa t3884 l1201 ls135">to </span><span class="pp-class-166 pa t3884 l1470">legal </span><span class="pp-class-166 pa t3884 l21973 ls143">restrictions.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t3577 l3 ls614">Insurance </span><span class="pp-class-172 pa t3577 l1966 ls265">collaterals </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3586 l3 ls1418">Insurance </span><span class="pp-class-166 pa t3586 l8930 ls152">collaterals </span><span class="pp-class-166 pa t3586 l28358 ls1528">constitute </span><span class="pp-class-166 pa t3586 l41180 ls1617">security </span><span class="pp-class-166 pa t3586 l21438 ls228">for </span><span class="pp-class-166 pa t3586 l41181 ls86">outstanding </span><span class="pp-class-166 pa t3586 l15339 ls1418">insurance </span><span class="pp-class-166 pa t3586 l2073 ls1849">contracts </span><span class="pp-class-166 pa t3596 l3">sold </span><span class="pp-class-166 pa t3596 l23952 ls135">to </span><span class="pp-class-166 pa t3596 l13574 ls1217">customers </span><span class="pp-class-166 pa t3596 l14493">by </span><span class="pp-class-166 pa t3596 l41182">DSV </span><span class="pp-class-166 pa t3596 l32835 ls1528">Insurance. </span><span class="pp-class-166 pa t3596 l40691">The </span><span class="pp-class-166 pa t3596 l19531">amount </span><span class="pp-class-166 pa t3596 l20672">is </span><span class="pp-class-166 pa t3596 l41183 ls702">regulated </span><span class="pp-class-166 pa t3596 l41184">and </span><span class="pp-class-166 pa t3596 l27642 ls1528">measured </span><span class="pp-class-166 pa t3606 l3">in </span><span class="pp-class-166 pa t3606 l1746 ls228">accordance </span><span class="pp-class-166 pa t3606 l15397">with </span><span class="pp-class-166 pa t3606 l8691">laws </span><span class="pp-class-166 pa t3606 l41185">and </span><span class="pp-class-166 pa t3606 l41186 ls740">regulations </span><span class="pp-class-166 pa t3606 l23395 ls239">issued </span><span class="pp-class-166 pa t3606 l26113">by </span><span class="pp-class-166 pa t3606 l1494">the </span><span class="pp-class-166 pa t3606 l41187">Danish </span><span class="pp-class-166 pa t3606 l41188 ls394">Financial </span><span class="pp-class-166 pa t3606 l41189 ls2061">Super-</span><span class="pp-class-166 pa t3617 l3 ls3593">visory </span><span class="pp-class-166 pa t3617 l4874 ls428">Authority.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls135">Cash </span><span class="pp-class-170 pa t34823 l4001 ls1853">and </span><span class="pp-class-170 pa t34823 l35120 ls6928">capital </span><span class="pp-class-170 pa t34823 l41190 ls2487">restrictions</span><span class="pp-class-170 pa t34823 l41191"/><span class="pp-class-166 pa t34823 l41192 ls166">(DKKm)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls226">Exchange </span><span class="pp-class-166 pa t34827 l17518 ls1766">control </span><span class="pp-class-166 pa t34827 l5599 ls149">restrictions</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">2,256</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28456">1,350</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1418">Insurance </span><span class="pp-class-166 pa t35090 l8930 ls921">collaterals</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38036">388</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">430</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">Other </span><span class="pp-class-166 pa t35092 l4385 ls921">collaterals</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38289">7</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28532">6</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l3 ls7105">Total</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l37966 ls2690">2,651</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l37967 ls2690">1,786</span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t3577 l3 ls614">Insurance </span><span class="pp-class-172 pa t3577 l1966 ls265">collaterals </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3586 l3 ls1418">Insurance </span><span class="pp-class-166 pa t3586 l8930 ls152">collaterals </span><span class="pp-class-166 pa t3586 l28358 ls1528">constitute </span><span class="pp-class-166 pa t3586 l41180 ls1617">security </span><span class="pp-class-166 pa t3586 l21438 ls228">for </span><span class="pp-class-166 pa t3586 l41181 ls86">outstanding </span><span class="pp-class-166 pa t3586 l15339 ls1418">insurance </span><span class="pp-class-166 pa t3586 l2073 ls1849">contracts </span><span class="pp-class-166 pa t3596 l3">sold </span><span class="pp-class-166 pa t3596 l23952 ls135">to </span><span class="pp-class-166 pa t3596 l13574 ls1217">customers </span><span class="pp-class-166 pa t3596 l14493">by </span><span class="pp-class-166 pa t3596 l41182">DSV </span><span class="pp-class-166 pa t3596 l32835 ls1528">Insurance. </span><span class="pp-class-166 pa t3596 l40691">The </span><span class="pp-class-166 pa t3596 l19531">amount </span><span class="pp-class-166 pa t3596 l20672">is </span><span class="pp-class-166 pa t3596 l41183 ls702">regulated </span><span class="pp-class-166 pa t3596 l41184">and </span><span class="pp-class-166 pa t3596 l27642 ls1528">measured </span><span class="pp-class-166 pa t3606 l3">in </span><span class="pp-class-166 pa t3606 l1746 ls228">accordance </span><span class="pp-class-166 pa t3606 l15397">with </span><span class="pp-class-166 pa t3606 l8691">laws </span><span class="pp-class-166 pa t3606 l41185">and </span><span class="pp-class-166 pa t3606 l41186 ls740">regulations </span><span class="pp-class-166 pa t3606 l23395 ls239">issued </span><span class="pp-class-166 pa t3606 l26113">by </span><span class="pp-class-166 pa t3606 l1494">the </span><span class="pp-class-166 pa t3606 l41187">Danish </span><span class="pp-class-166 pa t3606 l41188 ls394">Financial </span><span class="pp-class-166 pa t3606 l41189 ls2061">Super-</span><span class="pp-class-166 pa t3617 l3 ls3593">visory </span><span class="pp-class-166 pa t3617 l4874 ls428">Authority.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls135">Cash </span><span class="pp-class-170 pa t34823 l4001 ls1853">and </span><span class="pp-class-170 pa t34823 l35120 ls6928">capital </span><span class="pp-class-170 pa t34823 l41190 ls2487">restrictions</span><span class="pp-class-170 pa t34823 l41191"/><span class="pp-class-166 pa t34823 l41192 ls166">(DKKm)</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l37862 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls226">Exchange </span><span class="pp-class-166 pa t34827 l17518 ls1766">control </span><span class="pp-class-166 pa t34827 l5599 ls149">restrictions</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l37867">2,256</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28456">1,350</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1418">Insurance </span><span class="pp-class-166 pa t35090 l8930 ls921">collaterals</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l38036">388</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28132">430</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3">Other </span><span class="pp-class-166 pa t35092 l4385 ls921">collaterals</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l38289">7</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l28532">6</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l3 ls7105">Total</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l37966 ls2690">2,651</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37934 l37967 ls2690">1,786</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44779 l3 ls33398">Security </span><span class="pp-class-170 pa t44779 l44780 ls15425">for </span><span class="pp-class-170 pa t44779 l10179 ls2257">debt</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44781 l3">Bank </span><span class="pp-class-172 pa t44781 l44782 ls614">guarantees</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44783 l3 ls2388">As </span><span class="pp-class-166 pa t44783 l4418 ls2390">part </span><span class="pp-class-166 pa t44783 l44784">of </span><span class="pp-class-166 pa t44783 l44785">its </span><span class="pp-class-166 pa t44783 l37672 ls1849">ordinary </span><span class="pp-class-166 pa t44783 l44786 ls977">operations, </span><span class="pp-class-166 pa t44783 l44787">DSV </span><span class="pp-class-166 pa t44783 l9345">has </span><span class="pp-class-166 pa t44783 l14090 ls66">provided </span><span class="pp-class-166 pa t44783 l44788">bank </span><span class="pp-class-166 pa t44783 l44789 ls1528">guarantees </span><span class="pp-class-166 pa t44783 l38837 ls135">to </span><span class="pp-class-166 pa t44790 l3">authorities, </span><span class="pp-class-166 pa t44790 l10796">suppliers, </span><span class="pp-class-166 pa t44790 l5872 ls1831">etc. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44791 l3">The </span><span class="pp-class-166 pa t44791 l1525 ls4053">counterparties </span><span class="pp-class-166 pa t44791 l44792">may </span><span class="pp-class-166 pa t44791 l44793">claim </span><span class="pp-class-166 pa t44791 l29014 ls180">appropriation </span><span class="pp-class-166 pa t44791 l14294">of </span><span class="pp-class-166 pa t44791 l27509 ls921">collateral </span><span class="pp-class-166 pa t44791 l44794">if </span><span class="pp-class-166 pa t44791 l44795">DSV </span><span class="pp-class-166 pa t44791 l44796 ls2061">fails </span><span class="pp-class-166 pa t44791 l6322 ls135">to </span><span class="pp-class-166 pa t44791 l44797">pay </span><span class="pp-class-166 pa t44798 l3">any </span><span class="pp-class-166 pa t44798 l21349">amount </span><span class="pp-class-166 pa t44798 l43704">due. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44799 l3">Pledges</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44800 l3 ls169">At </span><span class="pp-class-166 pa t44800 l5964">31 </span><span class="pp-class-166 pa t44800 l42290 ls234">December </span><span class="pp-class-166 pa t44800 l42291">2025, </span><span class="pp-class-166 pa t44800 l7562 ls1849">property, </span><span class="pp-class-166 pa t44800 l3774">plant </span><span class="pp-class-166 pa t44800 l13733">and </span><span class="pp-class-166 pa t44800 l8842">equipment </span><span class="pp-class-166 pa t44800 l44801">and </span><span class="pp-class-166 pa t44800 l42676 ls75">other </span><span class="pp-class-166 pa t44800 l7646">financial </span><span class="pp-class-166 pa t44802 l3 ls4053">assets </span><span class="pp-class-166 pa t44802 l2820">with </span><span class="pp-class-166 pa t44802 l15007">a </span><span class="pp-class-166 pa t44802 l44803 ls205">carrying </span><span class="pp-class-166 pa t44802 l347">amount </span><span class="pp-class-166 pa t44802 l44804">of </span><span class="pp-class-166 pa t44802 l39669">DKK </span><span class="pp-class-166 pa t44802 l22080">3 </span><span class="pp-class-166 pa t44802 l19543">million </span><span class="pp-class-166 pa t44802 l44805 ls2487">were </span><span class="pp-class-166 pa t44802 l44806">pledged </span><span class="pp-class-166 pa t44802 l21726">as </span><span class="pp-class-166 pa t44802 l42765 ls1617">security </span><span class="pp-class-166 pa t44807 l3">(2024: </span><span class="pp-class-166 pa t44807 l10819">DKK </span><span class="pp-class-166 pa t44807 l10820">3 </span><span class="pp-class-166 pa t44807 l44808">million). </span></p> <div class="pp-class-4" id="pp-id-4436" xmlns="http://www.w3.org/1999/xhtml"><div class="w41193 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.2 </span><span class="pp-class-169 pa t254 l37093 ls3150">Equity</span></p></div></div><div class="pp-class-4" id="pp-id-4437" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41194 pa t2 l3 wtro4 xx41195 tro6 xx41196"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41197 l3 ls6083">Share </span><span class="pp-class-170 pa t41197 l41198 ls263">capital</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41199 l3 ls169">At </span><span class="pp-class-166 pa t41199 l5964 ls48">year </span><span class="pp-class-166 pa t41199 l41200">end, </span><span class="pp-class-166 pa t41199 l41201">the </span><span class="pp-class-166 pa t41199 l41202 ls497">share </span><span class="pp-class-166 pa t41199 l41203 ls853">capital </span><span class="pp-class-166 pa t41199 l9499">of </span><span class="pp-class-166 pa t41199 l41204">DSV </span><span class="pp-class-166 pa t41199 l41205 ls15430">A/S </span><span class="pp-class-166 pa t41199 l41206 ls234">amounted </span><span class="pp-class-166 pa t41199 l41207 ls135">to </span><span class="pp-class-166 pa t41199 l29913">240 </span><span class="pp-class-166 pa t41199 l41208">million </span><span class="pp-class-166 pa t41199 l41209 ls564">shares </span><span class="pp-class-166 pa t41210 l3">(2024: </span><span class="pp-class-166 pa t41210 l10819">240 </span><span class="pp-class-166 pa t41210 l41211">million </span><span class="pp-class-166 pa t41210 l15304 ls856">shares) </span><span class="pp-class-166 pa t41210 l41212">with </span><span class="pp-class-166 pa t41210 l41213">a </span><span class="pp-class-166 pa t41210 l41214">nominal </span><span class="pp-class-166 pa t41210 l1845 ls101">value </span><span class="pp-class-166 pa t41210 l40442">of </span><span class="pp-class-166 pa t41210 l41215">DKK </span><span class="pp-class-166 pa t41210 l41216">1 </span><span class="pp-class-166 pa t41210 l41217 ls101">each. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41218 l3 ls564">Shares </span><span class="pp-class-166 pa t41218 l3588 ls59">consist </span><span class="pp-class-166 pa t41218 l31508">of </span><span class="pp-class-166 pa t41218 l41219">only </span><span class="pp-class-166 pa t41218 l21515">one </span><span class="pp-class-166 pa t41218 l41220 ls497">share </span><span class="pp-class-166 pa t41218 l41144 ls101">class </span><span class="pp-class-166 pa t41218 l21310">and </span><span class="pp-class-166 pa t41218 l41221">include </span><span class="pp-class-166 pa t41218 l41222">no </span><span class="pp-class-166 pa t41218 l41223">special </span><span class="pp-class-166 pa t41218 l41224">rights, </span><span class="pp-class-166 pa t41225 l3 ls5048">preferences </span><span class="pp-class-166 pa t41225 l6005">or </span><span class="pp-class-166 pa t41225 l41226 ls461">restrictions. </span><span class="pp-class-166 pa t41225 l41227">All </span><span class="pp-class-166 pa t41225 l41228 ls564">shares </span><span class="pp-class-166 pa t41225 l41229 ls228">are </span><span class="pp-class-166 pa t41225 l23732">fully </span><span class="pp-class-166 pa t41225 l34034">paid </span><span class="pp-class-166 pa t41225 l41230">up.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41231 l3 ls24761">Reserves</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41232 l3 ls951">Reserves </span><span class="pp-class-166 pa t41232 l41233">as </span><span class="pp-class-166 pa t41232 l41234 ls702">presented </span><span class="pp-class-166 pa t41232 l4521">in </span><span class="pp-class-166 pa t41232 l41235">the </span><span class="pp-class-166 pa t41232 l41236 ls1122">statement </span><span class="pp-class-166 pa t41232 l41237">of </span><span class="pp-class-166 pa t41232 l23381">changes </span><span class="pp-class-166 pa t41232 l41238">in </span><span class="pp-class-166 pa t41232 l41239 ls1701">equity </span><span class="pp-class-166 pa t41232 l41240 ls234">comprise </span><span class="pp-class-166 pa t41232 l41241 ls187">treasury </span><span class="pp-class-166 pa t41242 l3 ls497">share </span><span class="pp-class-166 pa t41242 l22334 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41243">hedging </span><span class="pp-class-166 pa t41242 l8784 ls205">reserve </span><span class="pp-class-166 pa t41242 l1139">and </span><span class="pp-class-166 pa t41242 l2429 ls977">translation </span><span class="pp-class-166 pa t41242 l41244 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41245">as </span><span class="pp-class-166 pa t41242 l41246 ls211">specified </span><span class="pp-class-166 pa t41242 l21727">on </span><span class="pp-class-166 pa t41242 l41247">the </span><span class="pp-class-166 pa t41248 l3 ls66">previous </span><span class="pp-class-166 pa t41248 l2482">page.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41249 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41250 l3 ls1167">Treasury </span><span class="pp-class-172 pa t41250 l5586 ls1115">share </span><span class="pp-class-172 pa t41250 l41251 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41252 l3">The </span><span class="pp-class-166 pa t41252 l1525 ls205">reserve </span><span class="pp-class-166 pa t41252 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41252 l33189">the </span><span class="pp-class-166 pa t41252 l41253">nominal </span><span class="pp-class-166 pa t41252 l13701 ls101">value </span><span class="pp-class-166 pa t41252 l5900">of </span><span class="pp-class-166 pa t41252 l41132 ls187">treasury </span><span class="pp-class-166 pa t41252 l41254 ls856">shares. </span><span class="pp-class-166 pa t41252 l41255">The </span><span class="pp-class-166 pa t41252 l21247 ls4013">difference </span><span class="pp-class-166 pa t41256 l3 ls946">between </span><span class="pp-class-166 pa t41256 l14757">the </span><span class="pp-class-166 pa t41256 l14758 ls495">market </span><span class="pp-class-166 pa t41256 l41257 ls189">price </span><span class="pp-class-166 pa t41256 l14936">paid </span><span class="pp-class-166 pa t41256 l12965">and </span><span class="pp-class-166 pa t41256 l9907">the </span><span class="pp-class-166 pa t41256 l10346">nominal </span><span class="pp-class-166 pa t41256 l20783 ls101">value </span><span class="pp-class-166 pa t41256 l23397">plus </span><span class="pp-class-166 pa t41256 l41258">dividends </span><span class="pp-class-166 pa t41256 l41259">on </span><span class="pp-class-166 pa t41256 l41260 ls187">treasury </span><span class="pp-class-166 pa t41261 l3 ls564">shares </span><span class="pp-class-166 pa t41261 l18904">is </span><span class="pp-class-166 pa t41261 l41262 ls564">recognised </span><span class="pp-class-166 pa t41261 l41263 ls461">directly </span><span class="pp-class-166 pa t41261 l41264">as </span><span class="pp-class-166 pa t41261 l4548 ls1416">retained </span><span class="pp-class-166 pa t41261 l29455 ls394">earnings </span><span class="pp-class-166 pa t41261 l41265">in </span><span class="pp-class-166 pa t41261 l41266 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41267 l3 ls13863">Treasury </span><span class="pp-class-166 pa t41267 l41268 ls564">shares </span><span class="pp-class-166 pa t41267 l37951 ls228">are </span><span class="pp-class-166 pa t41267 l41269">bought </span><span class="pp-class-166 pa t41267 l41270 ls135">to </span><span class="pp-class-166 pa t41267 l2554 ls923">meet </span><span class="pp-class-166 pa t41267 l41271">obligations </span><span class="pp-class-166 pa t41267 l41272">under </span><span class="pp-class-166 pa t41267 l41273">the </span><span class="pp-class-166 pa t41267 l1572 ls856">Company’s </span><span class="pp-class-166 pa t41267 l41274 ls704">incentive </span><span class="pp-class-166 pa t41275 l3 ls2660">schemes </span><span class="pp-class-166 pa t41275 l41276 ls1853">and </span><span class="pp-class-166 pa t41275 l26529 ls2302">to </span><span class="pp-class-166 pa t41275 l31435 ls2688">adapt </span><span class="pp-class-166 pa t41275 l11726 ls1853">the </span><span class="pp-class-166 pa t41275 l41277 ls2668">capital </span><span class="pp-class-166 pa t41275 l32461 ls6928">structure. </span><span class="pp-class-166 pa t41275 l41278 ls1853">The </span><span class="pp-class-166 pa t41275 l5242 ls115">reserve </span><span class="pp-class-166 pa t41275 l41279 ls1866">is </span><span class="pp-class-166 pa t41275 l41280 ls2307">a </span><span class="pp-class-166 pa t41275 l41281 ls2380">distributable </span><span class="pp-class-166 pa t41275 l41282 ls115">reserve.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41283 l3">Hedging </span><span class="pp-class-172 pa t41283 l41284 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41285 l3">The </span><span class="pp-class-166 pa t41285 l1525 ls205">reserve </span><span class="pp-class-166 pa t41285 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41285 l33189">the </span><span class="pp-class-166 pa t41285 l41253 ls2307">fair </span><span class="pp-class-166 pa t41285 l14206 ls101">value </span><span class="pp-class-166 pa t41285 l41286">of </span><span class="pp-class-166 pa t41285 l11002">hedging </span><span class="pp-class-166 pa t41285 l41287 ls239">instruments </span><span class="pp-class-166 pa t41285 l41288 ls4212">qualifying </span><span class="pp-class-166 pa t41285 l41289 ls228">for </span><span class="pp-class-166 pa t41290 l3">hedge </span><span class="pp-class-166 pa t41290 l11492 ls189">accounting. </span><span class="pp-class-166 pa t41290 l21600">Hedge </span><span class="pp-class-166 pa t41290 l41291 ls946">accounting </span><span class="pp-class-166 pa t41290 l41292 ls189">ceases </span><span class="pp-class-166 pa t41290 l23902">when </span><span class="pp-class-166 pa t41290 l17793">the </span><span class="pp-class-166 pa t41290 l41293">hedging </span><span class="pp-class-166 pa t41290 l41294 ls239">instrument </span><span class="pp-class-166 pa t41295 l3 ls856">matures </span><span class="pp-class-166 pa t41295 l41296">or </span><span class="pp-class-166 pa t41295 l11927">if </span><span class="pp-class-166 pa t41295 l5932">a </span><span class="pp-class-166 pa t41295 l3374">hedge </span><span class="pp-class-166 pa t41295 l4876">is </span><span class="pp-class-166 pa t41295 l41297">no </span><span class="pp-class-166 pa t41295 l19821">longer </span><span class="pp-class-166 pa t41295 l15147 ls1900">effective.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41298 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41299 l3 ls4013">Foreign </span><span class="pp-class-172 pa t41299 l8800 ls740">currency </span><span class="pp-class-172 pa t41299 l14189 ls154">translation </span><span class="pp-class-172 pa t41299 l5647 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41300 l3 ls2313">The </span><span class="pp-class-166 pa t41300 l7048 ls6662">reserve </span><span class="pp-class-166 pa t41300 l4857 ls14689">comprises </span><span class="pp-class-166 pa t41300 l41301 ls13641">foreign </span><span class="pp-class-166 pa t41300 l41302 ls2289">currency </span><span class="pp-class-166 pa t41300 l41303 ls7116">translation </span><span class="pp-class-166 pa t41300 l41304 ls6530">arising </span><span class="pp-class-166 pa t41300 l41305 ls2275">on </span><span class="pp-class-166 pa t41300 l41306 ls2313">the </span><span class="pp-class-166 pa t41300 l41307 ls7116">translation </span><span class="pp-class-166 pa t41300 l41308">of </span><span class="pp-class-166 pa t41309 l3 ls234">net </span><span class="pp-class-166 pa t41309 l2647 ls226">investments </span><span class="pp-class-166 pa t41309 l3961">and </span><span class="pp-class-166 pa t41309 l23784 ls1766">related </span><span class="pp-class-166 pa t41309 l41310">hedging </span><span class="pp-class-166 pa t41309 l41311">in </span><span class="pp-class-166 pa t41309 l3049">entities </span><span class="pp-class-166 pa t41309 l41312">with </span><span class="pp-class-166 pa t41309 l38789">a </span><span class="pp-class-166 pa t41309 l41313 ls3593">functional </span><span class="pp-class-166 pa t41309 l41314 ls1849">currency </span><span class="pp-class-166 pa t41309 l41315 ls75">other </span><span class="pp-class-166 pa t41316 l3">than </span><span class="pp-class-166 pa t41316 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41316 l29865">The </span><span class="pp-class-166 pa t41316 l41317 ls205">reserve </span><span class="pp-class-166 pa t41316 l41318">is </span><span class="pp-class-166 pa t41316 l41319 ls48">dissolved </span><span class="pp-class-166 pa t41316 l30488">upon </span><span class="pp-class-166 pa t41316 l31138">disposal </span><span class="pp-class-166 pa t41316 l21718">of </span><span class="pp-class-166 pa t41316 l41320">entities.</span></p></div></div><div id="pp-id-4438" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41321 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2660">Reserves</span><span class="pp-class-170 pa t37784 l8790"/><span class="pp-class-166 pa t37784 l39970">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41322 ls21822">Treasury </span><span class="pp-class-166 pa t28110 l41323 ls2818">share </span><span class="pp-class-166 pa t37784 l41324 ls4459">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41325">Hedging </span><span class="pp-class-166 pa t37784 l41326 ls394">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41327 ls2870">Foreign </span><span class="pp-class-166 pa t28110 l41328 ls1849">currency </span><span class="pp-class-166 pa t37784 l41329 ls977">translation </span><span class="pp-class-166 pa t37784 l41330 ls394">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40831 ls3686">Total </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls951">Reserves </span><span class="pp-class-166 pa t33226 l41233">at </span><span class="pp-class-166 pa t33226 l41331">1 </span><span class="pp-class-166 pa t33226 l41332 ls1915">January </span><span class="pp-class-166 pa t33226 l22497">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41333">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41334">(8)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41335">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38253">237</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">Other </span><span class="pp-class-166 pa t40837 l4385 ls495">comprehensive </span><span class="pp-class-166 pa t40837 l25093 ls187">income, </span><span class="pp-class-166 pa t40837 l35290 ls234">net </span><span class="pp-class-166 pa t40837 l35291">of </span><span class="pp-class-166 pa t40837 l35292 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41337">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41338">(5,644)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l37845">(5,632)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41339 l3 ls8006">Transactions </span><span class="pp-class-172 pa t41339 l35088">with </span><span class="pp-class-172 pa t41339 l35089 ls205">shareholders:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l3 ls66">Purchase </span><span class="pp-class-166 pa t41340 l18970">of </span><span class="pp-class-166 pa t41340 l35049 ls187">treasury </span><span class="pp-class-166 pa t41340 l29279 ls564">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l3">Sale </span><span class="pp-class-166 pa t41343 l35100">of </span><span class="pp-class-166 pa t41343 l35101 ls187">treasury </span><span class="pp-class-166 pa t41343 l29935 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41345">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l3 ls552">Capital </span><span class="pp-class-166 pa t41346 l553 ls461">reduction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l3 ls228">Reserves </span><span class="pp-class-170 pa t14049 l39970 ls1866">at </span><span class="pp-class-170 pa t14049 l39971 ls1866">31 </span><span class="pp-class-170 pa t14049 l41347 ls1860">December </span><span class="pp-class-170 pa t14049 l41348 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41349 ls1866">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41350">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41351 ls1858">(5,393)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41352 ls1858">(5,393)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l3 ls951">Reserves </span><span class="pp-class-166 pa t41353 l41233">at </span><span class="pp-class-166 pa t41353 l41331">1 </span><span class="pp-class-166 pa t41353 l41332 ls1915">January </span><span class="pp-class-166 pa t41353 l22497">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41354">(10)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41334">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41355">(704)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l40857">(718)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l3">Other </span><span class="pp-class-166 pa t41356 l4385 ls495">comprehensive </span><span class="pp-class-166 pa t41356 l25093 ls187">income, </span><span class="pp-class-166 pa t41356 l35290 ls234">net </span><span class="pp-class-166 pa t41356 l35291">of </span><span class="pp-class-166 pa t41356 l35292 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41334">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41335">955</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l38253">951</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41357 l3 ls8006">Transactions </span><span class="pp-class-172 pa t41357 l35088">with </span><span class="pp-class-172 pa t41357 l35089 ls205">shareholders:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l3 ls66">Purchase </span><span class="pp-class-166 pa t41358 l18970">of </span><span class="pp-class-166 pa t41358 l35049 ls187">treasury </span><span class="pp-class-166 pa t41358 l29279 ls564">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41333">(3)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41359">(3)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l3">Sale </span><span class="pp-class-166 pa t41360 l35100">of </span><span class="pp-class-166 pa t41360 l35101 ls187">treasury </span><span class="pp-class-166 pa t41360 l29935 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41345">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l3 ls552">Capital </span><span class="pp-class-166 pa t41361 l553 ls461">reduction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41344">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41345">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l3 ls228">Reserves </span><span class="pp-class-170 pa t41362 l39970 ls1866">at </span><span class="pp-class-170 pa t41362 l39971 ls1866">31 </span><span class="pp-class-170 pa t41362 l41347 ls1860">December </span><span class="pp-class-170 pa t41362 l41348 ls1853">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41349 ls1866">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41363 ls1866">(8)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41364 ls1866">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41365 ls1866">237</span></p></td></tr></table></div></div><div id="pp-id-4439" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41366 pa t2 l3 wtro4 xx41367 tro6 xx41368"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41369 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41370">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls4140">Treasury </span><span class="pp-class-170 pa t33226 l14198 ls1663">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41371 ls1418">Market </span><span class="pp-class-166 pa t33223 l41372 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41373">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41374">% </span><span class="pp-class-166 pa t33223 l41375">of </span><span class="pp-class-166 pa t33223 l41376 ls497">share </span><span class="pp-class-166 pa t33223 l41377 ls853">capital </span><span class="pp-class-166 pa t33226 l41378">at </span><span class="pp-class-166 pa t33226 l41082">31 </span><span class="pp-class-166 pa t33226 l41379 ls187">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41380">Nominal </span><span class="pp-class-166 pa t33223 l41381 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41382">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41383 ls1418">Market </span><span class="pp-class-166 pa t33223 l41384 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41385">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41386">% </span><span class="pp-class-166 pa t33223 l41387">of </span><span class="pp-class-166 pa t33223 l41388 ls497">share </span><span class="pp-class-166 pa t33223 l41389 ls853">capital </span><span class="pp-class-166 pa t33226 l41390">at </span><span class="pp-class-166 pa t33226 l41391">31 </span><span class="pp-class-166 pa t33226 l41392 ls187">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41393">Nominal </span><span class="pp-class-166 pa t33223 l41394 ls101">value </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l3 ls851">Portfolio </span><span class="pp-class-166 pa t38901 l41396">at </span><span class="pp-class-166 pa t38901 l23210">1 </span><span class="pp-class-166 pa t38901 l20668 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41397">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41398">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41399">5.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41400">11,664</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41401">4.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41402">9.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l3 ls239">Cancellation </span><span class="pp-class-166 pa t41403 l41404">of </span><span class="pp-class-166 pa t41403 l11888 ls187">treasury </span><span class="pp-class-166 pa t41403 l41405 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l15273">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41408">(6,221)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41409">(2.3%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41410">(5.0)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l3 ls1740">Portfolio, </span><span class="pp-class-166 pa t41411 l26868 ls740">adjusted </span><span class="pp-class-166 pa t41411 l41412 ls228">for </span><span class="pp-class-166 pa t41411 l15356">number </span><span class="pp-class-166 pa t41411 l41413">of </span><span class="pp-class-166 pa t41411 l41414 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41397">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41398">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41399">5.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41415">5,443</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41401">2.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41402">4.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l3 ls851">Purchased </span><span class="pp-class-166 pa t41416 l41417">during </span><span class="pp-class-166 pa t41416 l19317">the </span><span class="pp-class-166 pa t41416 l1680 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l15273">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41415">3,347</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41401">1.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41402">2.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l3">Sold </span><span class="pp-class-166 pa t41418 l41419">during </span><span class="pp-class-166 pa t41418 l41420">the </span><span class="pp-class-166 pa t41418 l41421 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41422">(2,207)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41423">(0.7%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41424">(1.7)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41408">(2,783)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41409">(1.0%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41410">(2.3)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l3 ls2287">Value </span><span class="pp-class-166 pa t41425 l41426 ls101">adjustment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41427">(248)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41415">2,388</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41428">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l3 ls1356">Portfolio </span><span class="pp-class-170 pa t41429 l41430 ls1866">at </span><span class="pp-class-170 pa t41429 l41431 ls1866">31 </span><span class="pp-class-170 pa t41429 l41432 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41433 ls2690">5,940</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41434 ls1853">1.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41435 ls1866">3.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41436 ls2690">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41437 ls1853">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41438 ls1866">5.4</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4436" xmlns="http://www.w3.org/1999/xhtml"><div class="w41193 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.2 </span><span class="pp-class-169 pa t254 l37093 ls3150">Equity</span></p></div></div><div class="pp-class-4" id="pp-id-4437" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41194 pa t2 l3 wtro4 xx41195 tro6 xx41196"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41197 l3 ls6083">Share </span><span class="pp-class-170 pa t41197 l41198 ls263">capital</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41199 l3 ls169">At </span><span class="pp-class-166 pa t41199 l5964 ls48">year </span><span class="pp-class-166 pa t41199 l41200">end, </span><span class="pp-class-166 pa t41199 l41201">the </span><span class="pp-class-166 pa t41199 l41202 ls497">share </span><span class="pp-class-166 pa t41199 l41203 ls853">capital </span><span class="pp-class-166 pa t41199 l9499">of </span><span class="pp-class-166 pa t41199 l41204">DSV </span><span class="pp-class-166 pa t41199 l41205 ls15430">A/S </span><span class="pp-class-166 pa t41199 l41206 ls234">amounted </span><span class="pp-class-166 pa t41199 l41207 ls135">to </span><span class="pp-class-166 pa t41199 l29913">240 </span><span class="pp-class-166 pa t41199 l41208">million </span><span class="pp-class-166 pa t41199 l41209 ls564">shares </span><span class="pp-class-166 pa t41210 l3">(2024: </span><span class="pp-class-166 pa t41210 l10819">240 </span><span class="pp-class-166 pa t41210 l41211">million </span><span class="pp-class-166 pa t41210 l15304 ls856">shares) </span><span class="pp-class-166 pa t41210 l41212">with </span><span class="pp-class-166 pa t41210 l41213">a </span><span class="pp-class-166 pa t41210 l41214">nominal </span><span class="pp-class-166 pa t41210 l1845 ls101">value </span><span class="pp-class-166 pa t41210 l40442">of </span><span class="pp-class-166 pa t41210 l41215">DKK </span><span class="pp-class-166 pa t41210 l41216">1 </span><span class="pp-class-166 pa t41210 l41217 ls101">each. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41218 l3 ls564">Shares </span><span class="pp-class-166 pa t41218 l3588 ls59">consist </span><span class="pp-class-166 pa t41218 l31508">of </span><span class="pp-class-166 pa t41218 l41219">only </span><span class="pp-class-166 pa t41218 l21515">one </span><span class="pp-class-166 pa t41218 l41220 ls497">share </span><span class="pp-class-166 pa t41218 l41144 ls101">class </span><span class="pp-class-166 pa t41218 l21310">and </span><span class="pp-class-166 pa t41218 l41221">include </span><span class="pp-class-166 pa t41218 l41222">no </span><span class="pp-class-166 pa t41218 l41223">special </span><span class="pp-class-166 pa t41218 l41224">rights, </span><span class="pp-class-166 pa t41225 l3 ls5048">preferences </span><span class="pp-class-166 pa t41225 l6005">or </span><span class="pp-class-166 pa t41225 l41226 ls461">restrictions. </span><span class="pp-class-166 pa t41225 l41227">All </span><span class="pp-class-166 pa t41225 l41228 ls564">shares </span><span class="pp-class-166 pa t41225 l41229 ls228">are </span><span class="pp-class-166 pa t41225 l23732">fully </span><span class="pp-class-166 pa t41225 l34034">paid </span><span class="pp-class-166 pa t41225 l41230">up.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41231 l3 ls24761">Reserves</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41232 l3 ls951">Reserves </span><span class="pp-class-166 pa t41232 l41233">as </span><span class="pp-class-166 pa t41232 l41234 ls702">presented </span><span class="pp-class-166 pa t41232 l4521">in </span><span class="pp-class-166 pa t41232 l41235">the </span><span class="pp-class-166 pa t41232 l41236 ls1122">statement </span><span class="pp-class-166 pa t41232 l41237">of </span><span class="pp-class-166 pa t41232 l23381">changes </span><span class="pp-class-166 pa t41232 l41238">in </span><span class="pp-class-166 pa t41232 l41239 ls1701">equity </span><span class="pp-class-166 pa t41232 l41240 ls234">comprise </span><span class="pp-class-166 pa t41232 l41241 ls187">treasury </span><span class="pp-class-166 pa t41242 l3 ls497">share </span><span class="pp-class-166 pa t41242 l22334 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41243">hedging </span><span class="pp-class-166 pa t41242 l8784 ls205">reserve </span><span class="pp-class-166 pa t41242 l1139">and </span><span class="pp-class-166 pa t41242 l2429 ls977">translation </span><span class="pp-class-166 pa t41242 l41244 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41245">as </span><span class="pp-class-166 pa t41242 l41246 ls211">specified </span><span class="pp-class-166 pa t41242 l21727">on </span><span class="pp-class-166 pa t41242 l41247">the </span><span class="pp-class-166 pa t41248 l3 ls66">previous </span><span class="pp-class-166 pa t41248 l2482">page.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41249 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41250 l3 ls1167">Treasury </span><span class="pp-class-172 pa t41250 l5586 ls1115">share </span><span class="pp-class-172 pa t41250 l41251 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41252 l3">The </span><span class="pp-class-166 pa t41252 l1525 ls205">reserve </span><span class="pp-class-166 pa t41252 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41252 l33189">the </span><span class="pp-class-166 pa t41252 l41253">nominal </span><span class="pp-class-166 pa t41252 l13701 ls101">value </span><span class="pp-class-166 pa t41252 l5900">of </span><span class="pp-class-166 pa t41252 l41132 ls187">treasury </span><span class="pp-class-166 pa t41252 l41254 ls856">shares. </span><span class="pp-class-166 pa t41252 l41255">The </span><span class="pp-class-166 pa t41252 l21247 ls4013">difference </span><span class="pp-class-166 pa t41256 l3 ls946">between </span><span class="pp-class-166 pa t41256 l14757">the </span><span class="pp-class-166 pa t41256 l14758 ls495">market </span><span class="pp-class-166 pa t41256 l41257 ls189">price </span><span class="pp-class-166 pa t41256 l14936">paid </span><span class="pp-class-166 pa t41256 l12965">and </span><span class="pp-class-166 pa t41256 l9907">the </span><span class="pp-class-166 pa t41256 l10346">nominal </span><span class="pp-class-166 pa t41256 l20783 ls101">value </span><span class="pp-class-166 pa t41256 l23397">plus </span><span class="pp-class-166 pa t41256 l41258">dividends </span><span class="pp-class-166 pa t41256 l41259">on </span><span class="pp-class-166 pa t41256 l41260 ls187">treasury </span><span class="pp-class-166 pa t41261 l3 ls564">shares </span><span class="pp-class-166 pa t41261 l18904">is </span><span class="pp-class-166 pa t41261 l41262 ls564">recognised </span><span class="pp-class-166 pa t41261 l41263 ls461">directly </span><span class="pp-class-166 pa t41261 l41264">as </span><span class="pp-class-166 pa t41261 l4548 ls1416">retained </span><span class="pp-class-166 pa t41261 l29455 ls394">earnings </span><span class="pp-class-166 pa t41261 l41265">in </span><span class="pp-class-166 pa t41261 l41266 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41267 l3 ls13863">Treasury </span><span class="pp-class-166 pa t41267 l41268 ls564">shares </span><span class="pp-class-166 pa t41267 l37951 ls228">are </span><span class="pp-class-166 pa t41267 l41269">bought </span><span class="pp-class-166 pa t41267 l41270 ls135">to </span><span class="pp-class-166 pa t41267 l2554 ls923">meet </span><span class="pp-class-166 pa t41267 l41271">obligations </span><span class="pp-class-166 pa t41267 l41272">under </span><span class="pp-class-166 pa t41267 l41273">the </span><span class="pp-class-166 pa t41267 l1572 ls856">Company’s </span><span class="pp-class-166 pa t41267 l41274 ls704">incentive </span><span class="pp-class-166 pa t41275 l3 ls2660">schemes </span><span class="pp-class-166 pa t41275 l41276 ls1853">and </span><span class="pp-class-166 pa t41275 l26529 ls2302">to </span><span class="pp-class-166 pa t41275 l31435 ls2688">adapt </span><span class="pp-class-166 pa t41275 l11726 ls1853">the </span><span class="pp-class-166 pa t41275 l41277 ls2668">capital </span><span class="pp-class-166 pa t41275 l32461 ls6928">structure. </span><span class="pp-class-166 pa t41275 l41278 ls1853">The </span><span class="pp-class-166 pa t41275 l5242 ls115">reserve </span><span class="pp-class-166 pa t41275 l41279 ls1866">is </span><span class="pp-class-166 pa t41275 l41280 ls2307">a </span><span class="pp-class-166 pa t41275 l41281 ls2380">distributable </span><span class="pp-class-166 pa t41275 l41282 ls115">reserve.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41283 l3">Hedging </span><span class="pp-class-172 pa t41283 l41284 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41285 l3">The </span><span class="pp-class-166 pa t41285 l1525 ls205">reserve </span><span class="pp-class-166 pa t41285 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41285 l33189">the </span><span class="pp-class-166 pa t41285 l41253 ls2307">fair </span><span class="pp-class-166 pa t41285 l14206 ls101">value </span><span class="pp-class-166 pa t41285 l41286">of </span><span class="pp-class-166 pa t41285 l11002">hedging </span><span class="pp-class-166 pa t41285 l41287 ls239">instruments </span><span class="pp-class-166 pa t41285 l41288 ls4212">qualifying </span><span class="pp-class-166 pa t41285 l41289 ls228">for </span><span class="pp-class-166 pa t41290 l3">hedge </span><span class="pp-class-166 pa t41290 l11492 ls189">accounting. </span><span class="pp-class-166 pa t41290 l21600">Hedge </span><span class="pp-class-166 pa t41290 l41291 ls946">accounting </span><span class="pp-class-166 pa t41290 l41292 ls189">ceases </span><span class="pp-class-166 pa t41290 l23902">when </span><span class="pp-class-166 pa t41290 l17793">the </span><span class="pp-class-166 pa t41290 l41293">hedging </span><span class="pp-class-166 pa t41290 l41294 ls239">instrument </span><span class="pp-class-166 pa t41295 l3 ls856">matures </span><span class="pp-class-166 pa t41295 l41296">or </span><span class="pp-class-166 pa t41295 l11927">if </span><span class="pp-class-166 pa t41295 l5932">a </span><span class="pp-class-166 pa t41295 l3374">hedge </span><span class="pp-class-166 pa t41295 l4876">is </span><span class="pp-class-166 pa t41295 l41297">no </span><span class="pp-class-166 pa t41295 l19821">longer </span><span class="pp-class-166 pa t41295 l15147 ls1900">effective.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41298 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41299 l3 ls4013">Foreign </span><span class="pp-class-172 pa t41299 l8800 ls740">currency </span><span class="pp-class-172 pa t41299 l14189 ls154">translation </span><span class="pp-class-172 pa t41299 l5647 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41300 l3 ls2313">The </span><span class="pp-class-166 pa t41300 l7048 ls6662">reserve </span><span class="pp-class-166 pa t41300 l4857 ls14689">comprises </span><span class="pp-class-166 pa t41300 l41301 ls13641">foreign </span><span class="pp-class-166 pa t41300 l41302 ls2289">currency </span><span class="pp-class-166 pa t41300 l41303 ls7116">translation </span><span class="pp-class-166 pa t41300 l41304 ls6530">arising </span><span class="pp-class-166 pa t41300 l41305 ls2275">on </span><span class="pp-class-166 pa t41300 l41306 ls2313">the </span><span class="pp-class-166 pa t41300 l41307 ls7116">translation </span><span class="pp-class-166 pa t41300 l41308">of </span><span class="pp-class-166 pa t41309 l3 ls234">net </span><span class="pp-class-166 pa t41309 l2647 ls226">investments </span><span class="pp-class-166 pa t41309 l3961">and </span><span class="pp-class-166 pa t41309 l23784 ls1766">related </span><span class="pp-class-166 pa t41309 l41310">hedging </span><span class="pp-class-166 pa t41309 l41311">in </span><span class="pp-class-166 pa t41309 l3049">entities </span><span class="pp-class-166 pa t41309 l41312">with </span><span class="pp-class-166 pa t41309 l38789">a </span><span class="pp-class-166 pa t41309 l41313 ls3593">functional </span><span class="pp-class-166 pa t41309 l41314 ls1849">currency </span><span class="pp-class-166 pa t41309 l41315 ls75">other </span><span class="pp-class-166 pa t41316 l3">than </span><span class="pp-class-166 pa t41316 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41316 l29865">The </span><span class="pp-class-166 pa t41316 l41317 ls205">reserve </span><span class="pp-class-166 pa t41316 l41318">is </span><span class="pp-class-166 pa t41316 l41319 ls48">dissolved </span><span class="pp-class-166 pa t41316 l30488">upon </span><span class="pp-class-166 pa t41316 l31138">disposal </span><span class="pp-class-166 pa t41316 l21718">of </span><span class="pp-class-166 pa t41316 l41320">entities.</span></p></div></div><div id="pp-id-4438" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41321 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2660">Reserves</span><span class="pp-class-170 pa t37784 l8790"/><span class="pp-class-166 pa t37784 l39970">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41322 ls21822">Treasury </span><span class="pp-class-166 pa t28110 l41323 ls2818">share </span><span class="pp-class-166 pa t37784 l41324 ls4459">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41325">Hedging </span><span class="pp-class-166 pa t37784 l41326 ls394">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41327 ls2870">Foreign </span><span class="pp-class-166 pa t28110 l41328 ls1849">currency </span><span class="pp-class-166 pa t37784 l41329 ls977">translation </span><span class="pp-class-166 pa t37784 l41330 ls394">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40831 ls3686">Total </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls951">Reserves </span><span class="pp-class-166 pa t33226 l41233">at </span><span class="pp-class-166 pa t33226 l41331">1 </span><span class="pp-class-166 pa t33226 l41332 ls1915">January </span><span class="pp-class-166 pa t33226 l22497">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41333">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41334">(8)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41335">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38253">237</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">Other </span><span class="pp-class-166 pa t40837 l4385 ls495">comprehensive </span><span class="pp-class-166 pa t40837 l25093 ls187">income, </span><span class="pp-class-166 pa t40837 l35290 ls234">net </span><span class="pp-class-166 pa t40837 l35291">of </span><span class="pp-class-166 pa t40837 l35292 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41337">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41338">(5,644)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l37845">(5,632)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41339 l3 ls8006">Transactions </span><span class="pp-class-172 pa t41339 l35088">with </span><span class="pp-class-172 pa t41339 l35089 ls205">shareholders:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l3 ls66">Purchase </span><span class="pp-class-166 pa t41340 l18970">of </span><span class="pp-class-166 pa t41340 l35049 ls187">treasury </span><span class="pp-class-166 pa t41340 l29279 ls564">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l3">Sale </span><span class="pp-class-166 pa t41343 l35100">of </span><span class="pp-class-166 pa t41343 l35101 ls187">treasury </span><span class="pp-class-166 pa t41343 l29935 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41345">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l3 ls552">Capital </span><span class="pp-class-166 pa t41346 l553 ls461">reduction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l3 ls228">Reserves </span><span class="pp-class-170 pa t14049 l39970 ls1866">at </span><span class="pp-class-170 pa t14049 l39971 ls1866">31 </span><span class="pp-class-170 pa t14049 l41347 ls1860">December </span><span class="pp-class-170 pa t14049 l41348 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41349 ls1866">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41350">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41351 ls1858">(5,393)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41352 ls1858">(5,393)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l3 ls951">Reserves </span><span class="pp-class-166 pa t41353 l41233">at </span><span class="pp-class-166 pa t41353 l41331">1 </span><span class="pp-class-166 pa t41353 l41332 ls1915">January </span><span class="pp-class-166 pa t41353 l22497">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41354">(10)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41334">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41355">(704)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l40857">(718)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l3">Other </span><span class="pp-class-166 pa t41356 l4385 ls495">comprehensive </span><span class="pp-class-166 pa t41356 l25093 ls187">income, </span><span class="pp-class-166 pa t41356 l35290 ls234">net </span><span class="pp-class-166 pa t41356 l35291">of </span><span class="pp-class-166 pa t41356 l35292 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41334">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41335">955</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l38253">951</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41357 l3 ls8006">Transactions </span><span class="pp-class-172 pa t41357 l35088">with </span><span class="pp-class-172 pa t41357 l35089 ls205">shareholders:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l3 ls66">Purchase </span><span class="pp-class-166 pa t41358 l18970">of </span><span class="pp-class-166 pa t41358 l35049 ls187">treasury </span><span class="pp-class-166 pa t41358 l29279 ls564">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41333">(3)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41359">(3)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l3">Sale </span><span class="pp-class-166 pa t41360 l35100">of </span><span class="pp-class-166 pa t41360 l35101 ls187">treasury </span><span class="pp-class-166 pa t41360 l29935 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41345">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l3 ls552">Capital </span><span class="pp-class-166 pa t41361 l553 ls461">reduction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41344">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41345">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l3 ls228">Reserves </span><span class="pp-class-170 pa t41362 l39970 ls1866">at </span><span class="pp-class-170 pa t41362 l39971 ls1866">31 </span><span class="pp-class-170 pa t41362 l41347 ls1860">December </span><span class="pp-class-170 pa t41362 l41348 ls1853">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41349 ls1866">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41363 ls1866">(8)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41364 ls1866">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41365 ls1866">237</span></p></td></tr></table></div></div><div id="pp-id-4439" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41366 pa t2 l3 wtro4 xx41367 tro6 xx41368"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41369 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41370">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls4140">Treasury </span><span class="pp-class-170 pa t33226 l14198 ls1663">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41371 ls1418">Market </span><span class="pp-class-166 pa t33223 l41372 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41373">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41374">% </span><span class="pp-class-166 pa t33223 l41375">of </span><span class="pp-class-166 pa t33223 l41376 ls497">share </span><span class="pp-class-166 pa t33223 l41377 ls853">capital </span><span class="pp-class-166 pa t33226 l41378">at </span><span class="pp-class-166 pa t33226 l41082">31 </span><span class="pp-class-166 pa t33226 l41379 ls187">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41380">Nominal </span><span class="pp-class-166 pa t33223 l41381 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41382">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41383 ls1418">Market </span><span class="pp-class-166 pa t33223 l41384 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41385">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41386">% </span><span class="pp-class-166 pa t33223 l41387">of </span><span class="pp-class-166 pa t33223 l41388 ls497">share </span><span class="pp-class-166 pa t33223 l41389 ls853">capital </span><span class="pp-class-166 pa t33226 l41390">at </span><span class="pp-class-166 pa t33226 l41391">31 </span><span class="pp-class-166 pa t33226 l41392 ls187">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41393">Nominal </span><span class="pp-class-166 pa t33223 l41394 ls101">value </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l3 ls851">Portfolio </span><span class="pp-class-166 pa t38901 l41396">at </span><span class="pp-class-166 pa t38901 l23210">1 </span><span class="pp-class-166 pa t38901 l20668 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41397">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41398">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41399">5.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41400">11,664</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41401">4.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41402">9.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l3 ls239">Cancellation </span><span class="pp-class-166 pa t41403 l41404">of </span><span class="pp-class-166 pa t41403 l11888 ls187">treasury </span><span class="pp-class-166 pa t41403 l41405 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l15273">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41408">(6,221)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41409">(2.3%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41410">(5.0)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l3 ls1740">Portfolio, </span><span class="pp-class-166 pa t41411 l26868 ls740">adjusted </span><span class="pp-class-166 pa t41411 l41412 ls228">for </span><span class="pp-class-166 pa t41411 l15356">number </span><span class="pp-class-166 pa t41411 l41413">of </span><span class="pp-class-166 pa t41411 l41414 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41397">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41398">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41399">5.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41415">5,443</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41401">2.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41402">4.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l3 ls851">Purchased </span><span class="pp-class-166 pa t41416 l41417">during </span><span class="pp-class-166 pa t41416 l19317">the </span><span class="pp-class-166 pa t41416 l1680 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l15273">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41415">3,347</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41401">1.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41402">2.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l3">Sold </span><span class="pp-class-166 pa t41418 l41419">during </span><span class="pp-class-166 pa t41418 l41420">the </span><span class="pp-class-166 pa t41418 l41421 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41422">(2,207)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41423">(0.7%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41424">(1.7)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41408">(2,783)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41409">(1.0%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41410">(2.3)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l3 ls2287">Value </span><span class="pp-class-166 pa t41425 l41426 ls101">adjustment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41427">(248)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41415">2,388</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41428">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l3 ls1356">Portfolio </span><span class="pp-class-170 pa t41429 l41430 ls1866">at </span><span class="pp-class-170 pa t41429 l41431 ls1866">31 </span><span class="pp-class-170 pa t41429 l41432 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41433 ls2690">5,940</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41434 ls1853">1.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41435 ls1866">3.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41436 ls2690">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41437 ls1853">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41438 ls1866">5.4</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4436" xmlns="http://www.w3.org/1999/xhtml"><div class="w41193 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.2 </span><span class="pp-class-169 pa t254 l37093 ls3150">Equity</span></p></div></div><div class="pp-class-4" id="pp-id-4437" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41194 pa t2 l3 wtro4 xx41195 tro6 xx41196"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41197 l3 ls6083">Share </span><span class="pp-class-170 pa t41197 l41198 ls263">capital</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41199 l3 ls169">At </span><span class="pp-class-166 pa t41199 l5964 ls48">year </span><span class="pp-class-166 pa t41199 l41200">end, </span><span class="pp-class-166 pa t41199 l41201">the </span><span class="pp-class-166 pa t41199 l41202 ls497">share </span><span class="pp-class-166 pa t41199 l41203 ls853">capital </span><span class="pp-class-166 pa t41199 l9499">of </span><span class="pp-class-166 pa t41199 l41204">DSV </span><span class="pp-class-166 pa t41199 l41205 ls15430">A/S </span><span class="pp-class-166 pa t41199 l41206 ls234">amounted </span><span class="pp-class-166 pa t41199 l41207 ls135">to </span><span class="pp-class-166 pa t41199 l29913">240 </span><span class="pp-class-166 pa t41199 l41208">million </span><span class="pp-class-166 pa t41199 l41209 ls564">shares </span><span class="pp-class-166 pa t41210 l3">(2024: </span><span class="pp-class-166 pa t41210 l10819">240 </span><span class="pp-class-166 pa t41210 l41211">million </span><span class="pp-class-166 pa t41210 l15304 ls856">shares) </span><span class="pp-class-166 pa t41210 l41212">with </span><span class="pp-class-166 pa t41210 l41213">a </span><span class="pp-class-166 pa t41210 l41214">nominal </span><span class="pp-class-166 pa t41210 l1845 ls101">value </span><span class="pp-class-166 pa t41210 l40442">of </span><span class="pp-class-166 pa t41210 l41215">DKK </span><span class="pp-class-166 pa t41210 l41216">1 </span><span class="pp-class-166 pa t41210 l41217 ls101">each. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41218 l3 ls564">Shares </span><span class="pp-class-166 pa t41218 l3588 ls59">consist </span><span class="pp-class-166 pa t41218 l31508">of </span><span class="pp-class-166 pa t41218 l41219">only </span><span class="pp-class-166 pa t41218 l21515">one </span><span class="pp-class-166 pa t41218 l41220 ls497">share </span><span class="pp-class-166 pa t41218 l41144 ls101">class </span><span class="pp-class-166 pa t41218 l21310">and </span><span class="pp-class-166 pa t41218 l41221">include </span><span class="pp-class-166 pa t41218 l41222">no </span><span class="pp-class-166 pa t41218 l41223">special </span><span class="pp-class-166 pa t41218 l41224">rights, </span><span class="pp-class-166 pa t41225 l3 ls5048">preferences </span><span class="pp-class-166 pa t41225 l6005">or </span><span class="pp-class-166 pa t41225 l41226 ls461">restrictions. </span><span class="pp-class-166 pa t41225 l41227">All </span><span class="pp-class-166 pa t41225 l41228 ls564">shares </span><span class="pp-class-166 pa t41225 l41229 ls228">are </span><span class="pp-class-166 pa t41225 l23732">fully </span><span class="pp-class-166 pa t41225 l34034">paid </span><span class="pp-class-166 pa t41225 l41230">up.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41231 l3 ls24761">Reserves</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41232 l3 ls951">Reserves </span><span class="pp-class-166 pa t41232 l41233">as </span><span class="pp-class-166 pa t41232 l41234 ls702">presented </span><span class="pp-class-166 pa t41232 l4521">in </span><span class="pp-class-166 pa t41232 l41235">the </span><span class="pp-class-166 pa t41232 l41236 ls1122">statement </span><span class="pp-class-166 pa t41232 l41237">of </span><span class="pp-class-166 pa t41232 l23381">changes </span><span class="pp-class-166 pa t41232 l41238">in </span><span class="pp-class-166 pa t41232 l41239 ls1701">equity </span><span class="pp-class-166 pa t41232 l41240 ls234">comprise </span><span class="pp-class-166 pa t41232 l41241 ls187">treasury </span><span class="pp-class-166 pa t41242 l3 ls497">share </span><span class="pp-class-166 pa t41242 l22334 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41243">hedging </span><span class="pp-class-166 pa t41242 l8784 ls205">reserve </span><span class="pp-class-166 pa t41242 l1139">and </span><span class="pp-class-166 pa t41242 l2429 ls977">translation </span><span class="pp-class-166 pa t41242 l41244 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41245">as </span><span class="pp-class-166 pa t41242 l41246 ls211">specified </span><span class="pp-class-166 pa t41242 l21727">on </span><span class="pp-class-166 pa t41242 l41247">the </span><span class="pp-class-166 pa t41248 l3 ls66">previous </span><span class="pp-class-166 pa t41248 l2482">page.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41249 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41250 l3 ls1167">Treasury </span><span class="pp-class-172 pa t41250 l5586 ls1115">share </span><span class="pp-class-172 pa t41250 l41251 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41252 l3">The </span><span class="pp-class-166 pa t41252 l1525 ls205">reserve </span><span class="pp-class-166 pa t41252 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41252 l33189">the </span><span class="pp-class-166 pa t41252 l41253">nominal </span><span class="pp-class-166 pa t41252 l13701 ls101">value </span><span class="pp-class-166 pa t41252 l5900">of </span><span class="pp-class-166 pa t41252 l41132 ls187">treasury </span><span class="pp-class-166 pa t41252 l41254 ls856">shares. </span><span class="pp-class-166 pa t41252 l41255">The </span><span class="pp-class-166 pa t41252 l21247 ls4013">difference </span><span class="pp-class-166 pa t41256 l3 ls946">between </span><span class="pp-class-166 pa t41256 l14757">the </span><span class="pp-class-166 pa t41256 l14758 ls495">market </span><span class="pp-class-166 pa t41256 l41257 ls189">price </span><span class="pp-class-166 pa t41256 l14936">paid </span><span class="pp-class-166 pa t41256 l12965">and </span><span class="pp-class-166 pa t41256 l9907">the </span><span class="pp-class-166 pa t41256 l10346">nominal </span><span class="pp-class-166 pa t41256 l20783 ls101">value </span><span class="pp-class-166 pa t41256 l23397">plus </span><span class="pp-class-166 pa t41256 l41258">dividends </span><span class="pp-class-166 pa t41256 l41259">on </span><span class="pp-class-166 pa t41256 l41260 ls187">treasury </span><span class="pp-class-166 pa t41261 l3 ls564">shares </span><span class="pp-class-166 pa t41261 l18904">is </span><span class="pp-class-166 pa t41261 l41262 ls564">recognised </span><span class="pp-class-166 pa t41261 l41263 ls461">directly </span><span class="pp-class-166 pa t41261 l41264">as </span><span class="pp-class-166 pa t41261 l4548 ls1416">retained </span><span class="pp-class-166 pa t41261 l29455 ls394">earnings </span><span class="pp-class-166 pa t41261 l41265">in </span><span class="pp-class-166 pa t41261 l41266 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41267 l3 ls13863">Treasury </span><span class="pp-class-166 pa t41267 l41268 ls564">shares </span><span class="pp-class-166 pa t41267 l37951 ls228">are </span><span class="pp-class-166 pa t41267 l41269">bought </span><span class="pp-class-166 pa t41267 l41270 ls135">to </span><span class="pp-class-166 pa t41267 l2554 ls923">meet </span><span class="pp-class-166 pa t41267 l41271">obligations </span><span class="pp-class-166 pa t41267 l41272">under </span><span class="pp-class-166 pa t41267 l41273">the </span><span class="pp-class-166 pa t41267 l1572 ls856">Company’s </span><span class="pp-class-166 pa t41267 l41274 ls704">incentive </span><span class="pp-class-166 pa t41275 l3 ls2660">schemes </span><span class="pp-class-166 pa t41275 l41276 ls1853">and </span><span class="pp-class-166 pa t41275 l26529 ls2302">to </span><span class="pp-class-166 pa t41275 l31435 ls2688">adapt </span><span class="pp-class-166 pa t41275 l11726 ls1853">the </span><span class="pp-class-166 pa t41275 l41277 ls2668">capital </span><span class="pp-class-166 pa t41275 l32461 ls6928">structure. </span><span class="pp-class-166 pa t41275 l41278 ls1853">The </span><span class="pp-class-166 pa t41275 l5242 ls115">reserve </span><span class="pp-class-166 pa t41275 l41279 ls1866">is </span><span class="pp-class-166 pa t41275 l41280 ls2307">a </span><span class="pp-class-166 pa t41275 l41281 ls2380">distributable </span><span class="pp-class-166 pa t41275 l41282 ls115">reserve.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41283 l3">Hedging </span><span class="pp-class-172 pa t41283 l41284 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41285 l3">The </span><span class="pp-class-166 pa t41285 l1525 ls205">reserve </span><span class="pp-class-166 pa t41285 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41285 l33189">the </span><span class="pp-class-166 pa t41285 l41253 ls2307">fair </span><span class="pp-class-166 pa t41285 l14206 ls101">value </span><span class="pp-class-166 pa t41285 l41286">of </span><span class="pp-class-166 pa t41285 l11002">hedging </span><span class="pp-class-166 pa t41285 l41287 ls239">instruments </span><span class="pp-class-166 pa t41285 l41288 ls4212">qualifying </span><span class="pp-class-166 pa t41285 l41289 ls228">for </span><span class="pp-class-166 pa t41290 l3">hedge </span><span class="pp-class-166 pa t41290 l11492 ls189">accounting. </span><span class="pp-class-166 pa t41290 l21600">Hedge </span><span class="pp-class-166 pa t41290 l41291 ls946">accounting </span><span class="pp-class-166 pa t41290 l41292 ls189">ceases </span><span class="pp-class-166 pa t41290 l23902">when </span><span class="pp-class-166 pa t41290 l17793">the </span><span class="pp-class-166 pa t41290 l41293">hedging </span><span class="pp-class-166 pa t41290 l41294 ls239">instrument </span><span class="pp-class-166 pa t41295 l3 ls856">matures </span><span class="pp-class-166 pa t41295 l41296">or </span><span class="pp-class-166 pa t41295 l11927">if </span><span class="pp-class-166 pa t41295 l5932">a </span><span class="pp-class-166 pa t41295 l3374">hedge </span><span class="pp-class-166 pa t41295 l4876">is </span><span class="pp-class-166 pa t41295 l41297">no </span><span class="pp-class-166 pa t41295 l19821">longer </span><span class="pp-class-166 pa t41295 l15147 ls1900">effective.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41298 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41299 l3 ls4013">Foreign </span><span class="pp-class-172 pa t41299 l8800 ls740">currency </span><span class="pp-class-172 pa t41299 l14189 ls154">translation </span><span class="pp-class-172 pa t41299 l5647 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41300 l3 ls2313">The </span><span class="pp-class-166 pa t41300 l7048 ls6662">reserve </span><span class="pp-class-166 pa t41300 l4857 ls14689">comprises </span><span class="pp-class-166 pa t41300 l41301 ls13641">foreign </span><span class="pp-class-166 pa t41300 l41302 ls2289">currency </span><span class="pp-class-166 pa t41300 l41303 ls7116">translation </span><span class="pp-class-166 pa t41300 l41304 ls6530">arising </span><span class="pp-class-166 pa t41300 l41305 ls2275">on </span><span class="pp-class-166 pa t41300 l41306 ls2313">the </span><span class="pp-class-166 pa t41300 l41307 ls7116">translation </span><span class="pp-class-166 pa t41300 l41308">of </span><span class="pp-class-166 pa t41309 l3 ls234">net </span><span class="pp-class-166 pa t41309 l2647 ls226">investments </span><span class="pp-class-166 pa t41309 l3961">and </span><span class="pp-class-166 pa t41309 l23784 ls1766">related </span><span class="pp-class-166 pa t41309 l41310">hedging </span><span class="pp-class-166 pa t41309 l41311">in </span><span class="pp-class-166 pa t41309 l3049">entities </span><span class="pp-class-166 pa t41309 l41312">with </span><span class="pp-class-166 pa t41309 l38789">a </span><span class="pp-class-166 pa t41309 l41313 ls3593">functional </span><span class="pp-class-166 pa t41309 l41314 ls1849">currency </span><span class="pp-class-166 pa t41309 l41315 ls75">other </span><span class="pp-class-166 pa t41316 l3">than </span><span class="pp-class-166 pa t41316 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41316 l29865">The </span><span class="pp-class-166 pa t41316 l41317 ls205">reserve </span><span class="pp-class-166 pa t41316 l41318">is </span><span class="pp-class-166 pa t41316 l41319 ls48">dissolved </span><span class="pp-class-166 pa t41316 l30488">upon </span><span class="pp-class-166 pa t41316 l31138">disposal </span><span class="pp-class-166 pa t41316 l21718">of </span><span class="pp-class-166 pa t41316 l41320">entities.</span></p></div></div><div id="pp-id-4438" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41321 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2660">Reserves</span><span class="pp-class-170 pa t37784 l8790"/><span class="pp-class-166 pa t37784 l39970">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41322 ls21822">Treasury </span><span class="pp-class-166 pa t28110 l41323 ls2818">share </span><span class="pp-class-166 pa t37784 l41324 ls4459">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41325">Hedging </span><span class="pp-class-166 pa t37784 l41326 ls394">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41327 ls2870">Foreign </span><span class="pp-class-166 pa t28110 l41328 ls1849">currency </span><span class="pp-class-166 pa t37784 l41329 ls977">translation </span><span class="pp-class-166 pa t37784 l41330 ls394">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40831 ls3686">Total </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls951">Reserves </span><span class="pp-class-166 pa t33226 l41233">at </span><span class="pp-class-166 pa t33226 l41331">1 </span><span class="pp-class-166 pa t33226 l41332 ls1915">January </span><span class="pp-class-166 pa t33226 l22497">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41333">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41334">(8)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41335">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38253">237</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">Other </span><span class="pp-class-166 pa t40837 l4385 ls495">comprehensive </span><span class="pp-class-166 pa t40837 l25093 ls187">income, </span><span class="pp-class-166 pa t40837 l35290 ls234">net </span><span class="pp-class-166 pa t40837 l35291">of </span><span class="pp-class-166 pa t40837 l35292 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41337">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41338">(5,644)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l37845">(5,632)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41339 l3 ls8006">Transactions </span><span class="pp-class-172 pa t41339 l35088">with </span><span class="pp-class-172 pa t41339 l35089 ls205">shareholders:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l3 ls66">Purchase </span><span class="pp-class-166 pa t41340 l18970">of </span><span class="pp-class-166 pa t41340 l35049 ls187">treasury </span><span class="pp-class-166 pa t41340 l29279 ls564">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l3">Sale </span><span class="pp-class-166 pa t41343 l35100">of </span><span class="pp-class-166 pa t41343 l35101 ls187">treasury </span><span class="pp-class-166 pa t41343 l29935 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41345">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l3 ls552">Capital </span><span class="pp-class-166 pa t41346 l553 ls461">reduction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l3 ls228">Reserves </span><span class="pp-class-170 pa t14049 l39970 ls1866">at </span><span class="pp-class-170 pa t14049 l39971 ls1866">31 </span><span class="pp-class-170 pa t14049 l41347 ls1860">December </span><span class="pp-class-170 pa t14049 l41348 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41349 ls1866">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41350">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41351 ls1858">(5,393)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41352 ls1858">(5,393)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l3 ls951">Reserves </span><span class="pp-class-166 pa t41353 l41233">at </span><span class="pp-class-166 pa t41353 l41331">1 </span><span class="pp-class-166 pa t41353 l41332 ls1915">January </span><span class="pp-class-166 pa t41353 l22497">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41354">(10)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41334">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41355">(704)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l40857">(718)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l3">Other </span><span class="pp-class-166 pa t41356 l4385 ls495">comprehensive </span><span class="pp-class-166 pa t41356 l25093 ls187">income, </span><span class="pp-class-166 pa t41356 l35290 ls234">net </span><span class="pp-class-166 pa t41356 l35291">of </span><span class="pp-class-166 pa t41356 l35292 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41334">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41335">955</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l38253">951</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41357 l3 ls8006">Transactions </span><span class="pp-class-172 pa t41357 l35088">with </span><span class="pp-class-172 pa t41357 l35089 ls205">shareholders:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l3 ls66">Purchase </span><span class="pp-class-166 pa t41358 l18970">of </span><span class="pp-class-166 pa t41358 l35049 ls187">treasury </span><span class="pp-class-166 pa t41358 l29279 ls564">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41333">(3)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41359">(3)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l3">Sale </span><span class="pp-class-166 pa t41360 l35100">of </span><span class="pp-class-166 pa t41360 l35101 ls187">treasury </span><span class="pp-class-166 pa t41360 l29935 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41345">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l3 ls552">Capital </span><span class="pp-class-166 pa t41361 l553 ls461">reduction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41344">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41345">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l3 ls228">Reserves </span><span class="pp-class-170 pa t41362 l39970 ls1866">at </span><span class="pp-class-170 pa t41362 l39971 ls1866">31 </span><span class="pp-class-170 pa t41362 l41347 ls1860">December </span><span class="pp-class-170 pa t41362 l41348 ls1853">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41349 ls1866">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41363 ls1866">(8)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41364 ls1866">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41365 ls1866">237</span></p></td></tr></table></div></div><div id="pp-id-4439" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41366 pa t2 l3 wtro4 xx41367 tro6 xx41368"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41369 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41370">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls4140">Treasury </span><span class="pp-class-170 pa t33226 l14198 ls1663">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41371 ls1418">Market </span><span class="pp-class-166 pa t33223 l41372 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41373">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41374">% </span><span class="pp-class-166 pa t33223 l41375">of </span><span class="pp-class-166 pa t33223 l41376 ls497">share </span><span class="pp-class-166 pa t33223 l41377 ls853">capital </span><span class="pp-class-166 pa t33226 l41378">at </span><span class="pp-class-166 pa t33226 l41082">31 </span><span class="pp-class-166 pa t33226 l41379 ls187">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41380">Nominal </span><span class="pp-class-166 pa t33223 l41381 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41382">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41383 ls1418">Market </span><span class="pp-class-166 pa t33223 l41384 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41385">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41386">% </span><span class="pp-class-166 pa t33223 l41387">of </span><span class="pp-class-166 pa t33223 l41388 ls497">share </span><span class="pp-class-166 pa t33223 l41389 ls853">capital </span><span class="pp-class-166 pa t33226 l41390">at </span><span class="pp-class-166 pa t33226 l41391">31 </span><span class="pp-class-166 pa t33226 l41392 ls187">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41393">Nominal </span><span class="pp-class-166 pa t33223 l41394 ls101">value </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l3 ls851">Portfolio </span><span class="pp-class-166 pa t38901 l41396">at </span><span class="pp-class-166 pa t38901 l23210">1 </span><span class="pp-class-166 pa t38901 l20668 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41397">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41398">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41399">5.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41400">11,664</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41401">4.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41402">9.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l3 ls239">Cancellation </span><span class="pp-class-166 pa t41403 l41404">of </span><span class="pp-class-166 pa t41403 l11888 ls187">treasury </span><span class="pp-class-166 pa t41403 l41405 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l15273">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41408">(6,221)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41409">(2.3%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41410">(5.0)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l3 ls1740">Portfolio, </span><span class="pp-class-166 pa t41411 l26868 ls740">adjusted </span><span class="pp-class-166 pa t41411 l41412 ls228">for </span><span class="pp-class-166 pa t41411 l15356">number </span><span class="pp-class-166 pa t41411 l41413">of </span><span class="pp-class-166 pa t41411 l41414 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41397">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41398">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41399">5.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41415">5,443</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41401">2.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41402">4.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l3 ls851">Purchased </span><span class="pp-class-166 pa t41416 l41417">during </span><span class="pp-class-166 pa t41416 l19317">the </span><span class="pp-class-166 pa t41416 l1680 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l15273">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41415">3,347</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41401">1.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41402">2.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l3">Sold </span><span class="pp-class-166 pa t41418 l41419">during </span><span class="pp-class-166 pa t41418 l41420">the </span><span class="pp-class-166 pa t41418 l41421 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41422">(2,207)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41423">(0.7%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41424">(1.7)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41408">(2,783)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41409">(1.0%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41410">(2.3)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l3 ls2287">Value </span><span class="pp-class-166 pa t41425 l41426 ls101">adjustment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41427">(248)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41415">2,388</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41428">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l3 ls1356">Portfolio </span><span class="pp-class-170 pa t41429 l41430 ls1866">at </span><span class="pp-class-170 pa t41429 l41431 ls1866">31 </span><span class="pp-class-170 pa t41429 l41432 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41433 ls2690">5,940</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41434 ls1853">1.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41435 ls1866">3.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41436 ls2690">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41437 ls1853">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41438 ls1866">5.4</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4436" xmlns="http://www.w3.org/1999/xhtml"><div class="w41193 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.2 </span><span class="pp-class-169 pa t254 l37093 ls3150">Equity</span></p></div></div><div class="pp-class-4" id="pp-id-4437" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41194 pa t2 l3 wtro4 xx41195 tro6 xx41196"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41197 l3 ls6083">Share </span><span class="pp-class-170 pa t41197 l41198 ls263">capital</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41199 l3 ls169">At </span><span class="pp-class-166 pa t41199 l5964 ls48">year </span><span class="pp-class-166 pa t41199 l41200">end, </span><span class="pp-class-166 pa t41199 l41201">the </span><span class="pp-class-166 pa t41199 l41202 ls497">share </span><span class="pp-class-166 pa t41199 l41203 ls853">capital </span><span class="pp-class-166 pa t41199 l9499">of </span><span class="pp-class-166 pa t41199 l41204">DSV </span><span class="pp-class-166 pa t41199 l41205 ls15430">A/S </span><span class="pp-class-166 pa t41199 l41206 ls234">amounted </span><span class="pp-class-166 pa t41199 l41207 ls135">to </span><span class="pp-class-166 pa t41199 l29913">240 </span><span class="pp-class-166 pa t41199 l41208">million </span><span class="pp-class-166 pa t41199 l41209 ls564">shares </span><span class="pp-class-166 pa t41210 l3">(2024: </span><span class="pp-class-166 pa t41210 l10819">240 </span><span class="pp-class-166 pa t41210 l41211">million </span><span class="pp-class-166 pa t41210 l15304 ls856">shares) </span><span class="pp-class-166 pa t41210 l41212">with </span><span class="pp-class-166 pa t41210 l41213">a </span><span class="pp-class-166 pa t41210 l41214">nominal </span><span class="pp-class-166 pa t41210 l1845 ls101">value </span><span class="pp-class-166 pa t41210 l40442">of </span><span class="pp-class-166 pa t41210 l41215">DKK </span><span class="pp-class-166 pa t41210 l41216">1 </span><span class="pp-class-166 pa t41210 l41217 ls101">each. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41218 l3 ls564">Shares </span><span class="pp-class-166 pa t41218 l3588 ls59">consist </span><span class="pp-class-166 pa t41218 l31508">of </span><span class="pp-class-166 pa t41218 l41219">only </span><span class="pp-class-166 pa t41218 l21515">one </span><span class="pp-class-166 pa t41218 l41220 ls497">share </span><span class="pp-class-166 pa t41218 l41144 ls101">class </span><span class="pp-class-166 pa t41218 l21310">and </span><span class="pp-class-166 pa t41218 l41221">include </span><span class="pp-class-166 pa t41218 l41222">no </span><span class="pp-class-166 pa t41218 l41223">special </span><span class="pp-class-166 pa t41218 l41224">rights, </span><span class="pp-class-166 pa t41225 l3 ls5048">preferences </span><span class="pp-class-166 pa t41225 l6005">or </span><span class="pp-class-166 pa t41225 l41226 ls461">restrictions. </span><span class="pp-class-166 pa t41225 l41227">All </span><span class="pp-class-166 pa t41225 l41228 ls564">shares </span><span class="pp-class-166 pa t41225 l41229 ls228">are </span><span class="pp-class-166 pa t41225 l23732">fully </span><span class="pp-class-166 pa t41225 l34034">paid </span><span class="pp-class-166 pa t41225 l41230">up.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41231 l3 ls24761">Reserves</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41232 l3 ls951">Reserves </span><span class="pp-class-166 pa t41232 l41233">as </span><span class="pp-class-166 pa t41232 l41234 ls702">presented </span><span class="pp-class-166 pa t41232 l4521">in </span><span class="pp-class-166 pa t41232 l41235">the </span><span class="pp-class-166 pa t41232 l41236 ls1122">statement </span><span class="pp-class-166 pa t41232 l41237">of </span><span class="pp-class-166 pa t41232 l23381">changes </span><span class="pp-class-166 pa t41232 l41238">in </span><span class="pp-class-166 pa t41232 l41239 ls1701">equity </span><span class="pp-class-166 pa t41232 l41240 ls234">comprise </span><span class="pp-class-166 pa t41232 l41241 ls187">treasury </span><span class="pp-class-166 pa t41242 l3 ls497">share </span><span class="pp-class-166 pa t41242 l22334 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41243">hedging </span><span class="pp-class-166 pa t41242 l8784 ls205">reserve </span><span class="pp-class-166 pa t41242 l1139">and </span><span class="pp-class-166 pa t41242 l2429 ls977">translation </span><span class="pp-class-166 pa t41242 l41244 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41245">as </span><span class="pp-class-166 pa t41242 l41246 ls211">specified </span><span class="pp-class-166 pa t41242 l21727">on </span><span class="pp-class-166 pa t41242 l41247">the </span><span class="pp-class-166 pa t41248 l3 ls66">previous </span><span class="pp-class-166 pa t41248 l2482">page.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41249 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41250 l3 ls1167">Treasury </span><span class="pp-class-172 pa t41250 l5586 ls1115">share </span><span class="pp-class-172 pa t41250 l41251 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41252 l3">The </span><span class="pp-class-166 pa t41252 l1525 ls205">reserve </span><span class="pp-class-166 pa t41252 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41252 l33189">the </span><span class="pp-class-166 pa t41252 l41253">nominal </span><span class="pp-class-166 pa t41252 l13701 ls101">value </span><span class="pp-class-166 pa t41252 l5900">of </span><span class="pp-class-166 pa t41252 l41132 ls187">treasury </span><span class="pp-class-166 pa t41252 l41254 ls856">shares. </span><span class="pp-class-166 pa t41252 l41255">The </span><span class="pp-class-166 pa t41252 l21247 ls4013">difference </span><span class="pp-class-166 pa t41256 l3 ls946">between </span><span class="pp-class-166 pa t41256 l14757">the </span><span class="pp-class-166 pa t41256 l14758 ls495">market </span><span class="pp-class-166 pa t41256 l41257 ls189">price </span><span class="pp-class-166 pa t41256 l14936">paid </span><span class="pp-class-166 pa t41256 l12965">and </span><span class="pp-class-166 pa t41256 l9907">the </span><span class="pp-class-166 pa t41256 l10346">nominal </span><span class="pp-class-166 pa t41256 l20783 ls101">value </span><span class="pp-class-166 pa t41256 l23397">plus </span><span class="pp-class-166 pa t41256 l41258">dividends </span><span class="pp-class-166 pa t41256 l41259">on </span><span class="pp-class-166 pa t41256 l41260 ls187">treasury </span><span class="pp-class-166 pa t41261 l3 ls564">shares </span><span class="pp-class-166 pa t41261 l18904">is </span><span class="pp-class-166 pa t41261 l41262 ls564">recognised </span><span class="pp-class-166 pa t41261 l41263 ls461">directly </span><span class="pp-class-166 pa t41261 l41264">as </span><span class="pp-class-166 pa t41261 l4548 ls1416">retained </span><span class="pp-class-166 pa t41261 l29455 ls394">earnings </span><span class="pp-class-166 pa t41261 l41265">in </span><span class="pp-class-166 pa t41261 l41266 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41267 l3 ls13863">Treasury </span><span class="pp-class-166 pa t41267 l41268 ls564">shares </span><span class="pp-class-166 pa t41267 l37951 ls228">are </span><span class="pp-class-166 pa t41267 l41269">bought </span><span class="pp-class-166 pa t41267 l41270 ls135">to </span><span class="pp-class-166 pa t41267 l2554 ls923">meet </span><span class="pp-class-166 pa t41267 l41271">obligations </span><span class="pp-class-166 pa t41267 l41272">under </span><span class="pp-class-166 pa t41267 l41273">the </span><span class="pp-class-166 pa t41267 l1572 ls856">Company’s </span><span class="pp-class-166 pa t41267 l41274 ls704">incentive </span><span class="pp-class-166 pa t41275 l3 ls2660">schemes </span><span class="pp-class-166 pa t41275 l41276 ls1853">and </span><span class="pp-class-166 pa t41275 l26529 ls2302">to </span><span class="pp-class-166 pa t41275 l31435 ls2688">adapt </span><span class="pp-class-166 pa t41275 l11726 ls1853">the </span><span class="pp-class-166 pa t41275 l41277 ls2668">capital </span><span class="pp-class-166 pa t41275 l32461 ls6928">structure. </span><span class="pp-class-166 pa t41275 l41278 ls1853">The </span><span class="pp-class-166 pa t41275 l5242 ls115">reserve </span><span class="pp-class-166 pa t41275 l41279 ls1866">is </span><span class="pp-class-166 pa t41275 l41280 ls2307">a </span><span class="pp-class-166 pa t41275 l41281 ls2380">distributable </span><span class="pp-class-166 pa t41275 l41282 ls115">reserve.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41283 l3">Hedging </span><span class="pp-class-172 pa t41283 l41284 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41285 l3">The </span><span class="pp-class-166 pa t41285 l1525 ls205">reserve </span><span class="pp-class-166 pa t41285 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41285 l33189">the </span><span class="pp-class-166 pa t41285 l41253 ls2307">fair </span><span class="pp-class-166 pa t41285 l14206 ls101">value </span><span class="pp-class-166 pa t41285 l41286">of </span><span class="pp-class-166 pa t41285 l11002">hedging </span><span class="pp-class-166 pa t41285 l41287 ls239">instruments </span><span class="pp-class-166 pa t41285 l41288 ls4212">qualifying </span><span class="pp-class-166 pa t41285 l41289 ls228">for </span><span class="pp-class-166 pa t41290 l3">hedge </span><span class="pp-class-166 pa t41290 l11492 ls189">accounting. </span><span class="pp-class-166 pa t41290 l21600">Hedge </span><span class="pp-class-166 pa t41290 l41291 ls946">accounting </span><span class="pp-class-166 pa t41290 l41292 ls189">ceases </span><span class="pp-class-166 pa t41290 l23902">when </span><span class="pp-class-166 pa t41290 l17793">the </span><span class="pp-class-166 pa t41290 l41293">hedging </span><span class="pp-class-166 pa t41290 l41294 ls239">instrument </span><span class="pp-class-166 pa t41295 l3 ls856">matures </span><span class="pp-class-166 pa t41295 l41296">or </span><span class="pp-class-166 pa t41295 l11927">if </span><span class="pp-class-166 pa t41295 l5932">a </span><span class="pp-class-166 pa t41295 l3374">hedge </span><span class="pp-class-166 pa t41295 l4876">is </span><span class="pp-class-166 pa t41295 l41297">no </span><span class="pp-class-166 pa t41295 l19821">longer </span><span class="pp-class-166 pa t41295 l15147 ls1900">effective.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41298 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41299 l3 ls4013">Foreign </span><span class="pp-class-172 pa t41299 l8800 ls740">currency </span><span class="pp-class-172 pa t41299 l14189 ls154">translation </span><span class="pp-class-172 pa t41299 l5647 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41300 l3 ls2313">The </span><span class="pp-class-166 pa t41300 l7048 ls6662">reserve </span><span class="pp-class-166 pa t41300 l4857 ls14689">comprises </span><span class="pp-class-166 pa t41300 l41301 ls13641">foreign </span><span class="pp-class-166 pa t41300 l41302 ls2289">currency </span><span class="pp-class-166 pa t41300 l41303 ls7116">translation </span><span class="pp-class-166 pa t41300 l41304 ls6530">arising </span><span class="pp-class-166 pa t41300 l41305 ls2275">on </span><span class="pp-class-166 pa t41300 l41306 ls2313">the </span><span class="pp-class-166 pa t41300 l41307 ls7116">translation </span><span class="pp-class-166 pa t41300 l41308">of </span><span class="pp-class-166 pa t41309 l3 ls234">net </span><span class="pp-class-166 pa t41309 l2647 ls226">investments </span><span class="pp-class-166 pa t41309 l3961">and </span><span class="pp-class-166 pa t41309 l23784 ls1766">related </span><span class="pp-class-166 pa t41309 l41310">hedging </span><span class="pp-class-166 pa t41309 l41311">in </span><span class="pp-class-166 pa t41309 l3049">entities </span><span class="pp-class-166 pa t41309 l41312">with </span><span class="pp-class-166 pa t41309 l38789">a </span><span class="pp-class-166 pa t41309 l41313 ls3593">functional </span><span class="pp-class-166 pa t41309 l41314 ls1849">currency </span><span class="pp-class-166 pa t41309 l41315 ls75">other </span><span class="pp-class-166 pa t41316 l3">than </span><span class="pp-class-166 pa t41316 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41316 l29865">The </span><span class="pp-class-166 pa t41316 l41317 ls205">reserve </span><span class="pp-class-166 pa t41316 l41318">is </span><span class="pp-class-166 pa t41316 l41319 ls48">dissolved </span><span class="pp-class-166 pa t41316 l30488">upon </span><span class="pp-class-166 pa t41316 l31138">disposal </span><span class="pp-class-166 pa t41316 l21718">of </span><span class="pp-class-166 pa t41316 l41320">entities.</span></p></div></div><div id="pp-id-4438" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41321 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2660">Reserves</span><span class="pp-class-170 pa t37784 l8790"/><span class="pp-class-166 pa t37784 l39970">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41322 ls21822">Treasury </span><span class="pp-class-166 pa t28110 l41323 ls2818">share </span><span class="pp-class-166 pa t37784 l41324 ls4459">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41325">Hedging </span><span class="pp-class-166 pa t37784 l41326 ls394">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41327 ls2870">Foreign </span><span class="pp-class-166 pa t28110 l41328 ls1849">currency </span><span class="pp-class-166 pa t37784 l41329 ls977">translation </span><span class="pp-class-166 pa t37784 l41330 ls394">reserve</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l40831 ls3686">Total </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls951">Reserves </span><span class="pp-class-166 pa t33226 l41233">at </span><span class="pp-class-166 pa t33226 l41331">1 </span><span class="pp-class-166 pa t33226 l41332 ls1915">January </span><span class="pp-class-166 pa t33226 l22497">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41333">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41334">(8)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41335">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38253">237</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">Other </span><span class="pp-class-166 pa t40837 l4385 ls495">comprehensive </span><span class="pp-class-166 pa t40837 l25093 ls187">income, </span><span class="pp-class-166 pa t40837 l35290 ls234">net </span><span class="pp-class-166 pa t40837 l35291">of </span><span class="pp-class-166 pa t40837 l35292 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41337">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l41338">(5,644)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l37845">(5,632)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41339 l3 ls8006">Transactions </span><span class="pp-class-172 pa t41339 l35088">with </span><span class="pp-class-172 pa t41339 l35089 ls205">shareholders:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l3 ls66">Purchase </span><span class="pp-class-166 pa t41340 l18970">of </span><span class="pp-class-166 pa t41340 l35049 ls187">treasury </span><span class="pp-class-166 pa t41340 l29279 ls564">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41340 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l3">Sale </span><span class="pp-class-166 pa t41343 l35100">of </span><span class="pp-class-166 pa t41343 l35101 ls187">treasury </span><span class="pp-class-166 pa t41343 l29935 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41343 l41345">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l3 ls552">Capital </span><span class="pp-class-166 pa t41346 l553 ls461">reduction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41346 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l3 ls228">Reserves </span><span class="pp-class-170 pa t14049 l39970 ls1866">at </span><span class="pp-class-170 pa t14049 l39971 ls1866">31 </span><span class="pp-class-170 pa t14049 l41347 ls1860">December </span><span class="pp-class-170 pa t14049 l41348 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41349 ls1866">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41350">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41351 ls1858">(5,393)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t14049 l41352 ls1858">(5,393)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l3 ls951">Reserves </span><span class="pp-class-166 pa t41353 l41233">at </span><span class="pp-class-166 pa t41353 l41331">1 </span><span class="pp-class-166 pa t41353 l41332 ls1915">January </span><span class="pp-class-166 pa t41353 l22497">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41354">(10)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41334">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l41355">(704)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41353 l40857">(718)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l3">Other </span><span class="pp-class-166 pa t41356 l4385 ls495">comprehensive </span><span class="pp-class-166 pa t41356 l25093 ls187">income, </span><span class="pp-class-166 pa t41356 l35290 ls234">net </span><span class="pp-class-166 pa t41356 l35291">of </span><span class="pp-class-166 pa t41356 l35292 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41336">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41334">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l41335">955</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41356 l38253">951</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41357 l3 ls8006">Transactions </span><span class="pp-class-172 pa t41357 l35088">with </span><span class="pp-class-172 pa t41357 l35089 ls205">shareholders:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l3 ls66">Purchase </span><span class="pp-class-166 pa t41358 l18970">of </span><span class="pp-class-166 pa t41358 l35049 ls187">treasury </span><span class="pp-class-166 pa t41358 l29279 ls564">shares </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41333">(3)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41358 l41359">(3)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l3">Sale </span><span class="pp-class-166 pa t41360 l35100">of </span><span class="pp-class-166 pa t41360 l35101 ls187">treasury </span><span class="pp-class-166 pa t41360 l29935 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41360 l41345">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l3 ls552">Capital </span><span class="pp-class-166 pa t41361 l553 ls461">reduction</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41344">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41341">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41342">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41361 l41345">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l3 ls228">Reserves </span><span class="pp-class-170 pa t41362 l39970 ls1866">at </span><span class="pp-class-170 pa t41362 l39971 ls1866">31 </span><span class="pp-class-170 pa t41362 l41347 ls1860">December </span><span class="pp-class-170 pa t41362 l41348 ls1853">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41349 ls1866">(6)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41363 ls1866">(8)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41364 ls1866">251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41362 l41365 ls1866">237</span></p></td></tr></table></div></div><div id="pp-id-4439" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41366 pa t2 l3 wtro4 xx41367 tro6 xx41368"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41369 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41370">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls4140">Treasury </span><span class="pp-class-170 pa t33226 l14198 ls1663">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41371 ls1418">Market </span><span class="pp-class-166 pa t33223 l41372 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41373">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41374">% </span><span class="pp-class-166 pa t33223 l41375">of </span><span class="pp-class-166 pa t33223 l41376 ls497">share </span><span class="pp-class-166 pa t33223 l41377 ls853">capital </span><span class="pp-class-166 pa t33226 l41378">at </span><span class="pp-class-166 pa t33226 l41082">31 </span><span class="pp-class-166 pa t33226 l41379 ls187">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41380">Nominal </span><span class="pp-class-166 pa t33223 l41381 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41382">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41383 ls1418">Market </span><span class="pp-class-166 pa t33223 l41384 ls48">value</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41385">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41386">% </span><span class="pp-class-166 pa t33223 l41387">of </span><span class="pp-class-166 pa t33223 l41388 ls497">share </span><span class="pp-class-166 pa t33223 l41389 ls853">capital </span><span class="pp-class-166 pa t33226 l41390">at </span><span class="pp-class-166 pa t33226 l41391">31 </span><span class="pp-class-166 pa t33226 l41392 ls187">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41393">Nominal </span><span class="pp-class-166 pa t33223 l41394 ls101">value </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l3 ls851">Portfolio </span><span class="pp-class-166 pa t38901 l41396">at </span><span class="pp-class-166 pa t38901 l23210">1 </span><span class="pp-class-166 pa t38901 l20668 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41397">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41398">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41399">5.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41400">11,664</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41401">4.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l41402">9.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l3 ls239">Cancellation </span><span class="pp-class-166 pa t41403 l41404">of </span><span class="pp-class-166 pa t41403 l11888 ls187">treasury </span><span class="pp-class-166 pa t41403 l41405 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l15273">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41408">(6,221)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41409">(2.3%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41403 l41410">(5.0)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l3 ls1740">Portfolio, </span><span class="pp-class-166 pa t41411 l26868 ls740">adjusted </span><span class="pp-class-166 pa t41411 l41412 ls228">for </span><span class="pp-class-166 pa t41411 l15356">number </span><span class="pp-class-166 pa t41411 l41413">of </span><span class="pp-class-166 pa t41411 l41414 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41397">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41398">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41399">5.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41415">5,443</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41401">2.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41411 l41402">4.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l3 ls851">Purchased </span><span class="pp-class-166 pa t41416 l41417">during </span><span class="pp-class-166 pa t41416 l19317">the </span><span class="pp-class-166 pa t41416 l1680 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l15273">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41415">3,347</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41401">1.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41416 l41402">2.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l3">Sold </span><span class="pp-class-166 pa t41418 l41419">during </span><span class="pp-class-166 pa t41418 l41420">the </span><span class="pp-class-166 pa t41418 l41421 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41422">(2,207)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41423">(0.7%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41424">(1.7)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41408">(2,783)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41409">(1.0%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41418 l41410">(2.3)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l3 ls2287">Value </span><span class="pp-class-166 pa t41425 l41426 ls101">adjustment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41427">(248)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41406">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41407">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41415">2,388</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l41428">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41425 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l3 ls1356">Portfolio </span><span class="pp-class-170 pa t41429 l41430 ls1866">at </span><span class="pp-class-170 pa t41429 l41431 ls1866">31 </span><span class="pp-class-170 pa t41429 l41432 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41433 ls2690">5,940</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41434 ls1853">1.5%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41435 ls1866">3.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41436 ls2690">8,395</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41437 ls1853">2.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41429 l41438 ls1866">5.4</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4437" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41194 pa t2 l3 wtro4 xx41195 tro6 xx41196"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41197 l3 ls6083">Share </span><span class="pp-class-170 pa t41197 l41198 ls263">capital</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41199 l3 ls169">At </span><span class="pp-class-166 pa t41199 l5964 ls48">year </span><span class="pp-class-166 pa t41199 l41200">end, </span><span class="pp-class-166 pa t41199 l41201">the </span><span class="pp-class-166 pa t41199 l41202 ls497">share </span><span class="pp-class-166 pa t41199 l41203 ls853">capital </span><span class="pp-class-166 pa t41199 l9499">of </span><span class="pp-class-166 pa t41199 l41204">DSV </span><span class="pp-class-166 pa t41199 l41205 ls15430">A/S </span><span class="pp-class-166 pa t41199 l41206 ls234">amounted </span><span class="pp-class-166 pa t41199 l41207 ls135">to </span><span class="pp-class-166 pa t41199 l29913">240 </span><span class="pp-class-166 pa t41199 l41208">million </span><span class="pp-class-166 pa t41199 l41209 ls564">shares </span><span class="pp-class-166 pa t41210 l3">(2024: </span><span class="pp-class-166 pa t41210 l10819">240 </span><span class="pp-class-166 pa t41210 l41211">million </span><span class="pp-class-166 pa t41210 l15304 ls856">shares) </span><span class="pp-class-166 pa t41210 l41212">with </span><span class="pp-class-166 pa t41210 l41213">a </span><span class="pp-class-166 pa t41210 l41214">nominal </span><span class="pp-class-166 pa t41210 l1845 ls101">value </span><span class="pp-class-166 pa t41210 l40442">of </span><span class="pp-class-166 pa t41210 l41215">DKK </span><span class="pp-class-166 pa t41210 l41216">1 </span><span class="pp-class-166 pa t41210 l41217 ls101">each. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41218 l3 ls564">Shares </span><span class="pp-class-166 pa t41218 l3588 ls59">consist </span><span class="pp-class-166 pa t41218 l31508">of </span><span class="pp-class-166 pa t41218 l41219">only </span><span class="pp-class-166 pa t41218 l21515">one </span><span class="pp-class-166 pa t41218 l41220 ls497">share </span><span class="pp-class-166 pa t41218 l41144 ls101">class </span><span class="pp-class-166 pa t41218 l21310">and </span><span class="pp-class-166 pa t41218 l41221">include </span><span class="pp-class-166 pa t41218 l41222">no </span><span class="pp-class-166 pa t41218 l41223">special </span><span class="pp-class-166 pa t41218 l41224">rights, </span><span class="pp-class-166 pa t41225 l3 ls5048">preferences </span><span class="pp-class-166 pa t41225 l6005">or </span><span class="pp-class-166 pa t41225 l41226 ls461">restrictions. </span><span class="pp-class-166 pa t41225 l41227">All </span><span class="pp-class-166 pa t41225 l41228 ls564">shares </span><span class="pp-class-166 pa t41225 l41229 ls228">are </span><span class="pp-class-166 pa t41225 l23732">fully </span><span class="pp-class-166 pa t41225 l34034">paid </span><span class="pp-class-166 pa t41225 l41230">up.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41231 l3 ls24761">Reserves</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41232 l3 ls951">Reserves </span><span class="pp-class-166 pa t41232 l41233">as </span><span class="pp-class-166 pa t41232 l41234 ls702">presented </span><span class="pp-class-166 pa t41232 l4521">in </span><span class="pp-class-166 pa t41232 l41235">the </span><span class="pp-class-166 pa t41232 l41236 ls1122">statement </span><span class="pp-class-166 pa t41232 l41237">of </span><span class="pp-class-166 pa t41232 l23381">changes </span><span class="pp-class-166 pa t41232 l41238">in </span><span class="pp-class-166 pa t41232 l41239 ls1701">equity </span><span class="pp-class-166 pa t41232 l41240 ls234">comprise </span><span class="pp-class-166 pa t41232 l41241 ls187">treasury </span><span class="pp-class-166 pa t41242 l3 ls497">share </span><span class="pp-class-166 pa t41242 l22334 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41243">hedging </span><span class="pp-class-166 pa t41242 l8784 ls205">reserve </span><span class="pp-class-166 pa t41242 l1139">and </span><span class="pp-class-166 pa t41242 l2429 ls977">translation </span><span class="pp-class-166 pa t41242 l41244 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41245">as </span><span class="pp-class-166 pa t41242 l41246 ls211">specified </span><span class="pp-class-166 pa t41242 l21727">on </span><span class="pp-class-166 pa t41242 l41247">the </span><span class="pp-class-166 pa t41248 l3 ls66">previous </span><span class="pp-class-166 pa t41248 l2482">page.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41249 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41250 l3 ls1167">Treasury </span><span class="pp-class-172 pa t41250 l5586 ls1115">share </span><span class="pp-class-172 pa t41250 l41251 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41252 l3">The </span><span class="pp-class-166 pa t41252 l1525 ls205">reserve </span><span class="pp-class-166 pa t41252 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41252 l33189">the </span><span class="pp-class-166 pa t41252 l41253">nominal </span><span class="pp-class-166 pa t41252 l13701 ls101">value </span><span class="pp-class-166 pa t41252 l5900">of </span><span class="pp-class-166 pa t41252 l41132 ls187">treasury </span><span class="pp-class-166 pa t41252 l41254 ls856">shares. </span><span class="pp-class-166 pa t41252 l41255">The </span><span class="pp-class-166 pa t41252 l21247 ls4013">difference </span><span class="pp-class-166 pa t41256 l3 ls946">between </span><span class="pp-class-166 pa t41256 l14757">the </span><span class="pp-class-166 pa t41256 l14758 ls495">market </span><span class="pp-class-166 pa t41256 l41257 ls189">price </span><span class="pp-class-166 pa t41256 l14936">paid </span><span class="pp-class-166 pa t41256 l12965">and </span><span class="pp-class-166 pa t41256 l9907">the </span><span class="pp-class-166 pa t41256 l10346">nominal </span><span class="pp-class-166 pa t41256 l20783 ls101">value </span><span class="pp-class-166 pa t41256 l23397">plus </span><span class="pp-class-166 pa t41256 l41258">dividends </span><span class="pp-class-166 pa t41256 l41259">on </span><span class="pp-class-166 pa t41256 l41260 ls187">treasury </span><span class="pp-class-166 pa t41261 l3 ls564">shares </span><span class="pp-class-166 pa t41261 l18904">is </span><span class="pp-class-166 pa t41261 l41262 ls564">recognised </span><span class="pp-class-166 pa t41261 l41263 ls461">directly </span><span class="pp-class-166 pa t41261 l41264">as </span><span class="pp-class-166 pa t41261 l4548 ls1416">retained </span><span class="pp-class-166 pa t41261 l29455 ls394">earnings </span><span class="pp-class-166 pa t41261 l41265">in </span><span class="pp-class-166 pa t41261 l41266 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41267 l3 ls13863">Treasury </span><span class="pp-class-166 pa t41267 l41268 ls564">shares </span><span class="pp-class-166 pa t41267 l37951 ls228">are </span><span class="pp-class-166 pa t41267 l41269">bought </span><span class="pp-class-166 pa t41267 l41270 ls135">to </span><span class="pp-class-166 pa t41267 l2554 ls923">meet </span><span class="pp-class-166 pa t41267 l41271">obligations </span><span class="pp-class-166 pa t41267 l41272">under </span><span class="pp-class-166 pa t41267 l41273">the </span><span class="pp-class-166 pa t41267 l1572 ls856">Company’s </span><span class="pp-class-166 pa t41267 l41274 ls704">incentive </span><span class="pp-class-166 pa t41275 l3 ls2660">schemes </span><span class="pp-class-166 pa t41275 l41276 ls1853">and </span><span class="pp-class-166 pa t41275 l26529 ls2302">to </span><span class="pp-class-166 pa t41275 l31435 ls2688">adapt </span><span class="pp-class-166 pa t41275 l11726 ls1853">the </span><span class="pp-class-166 pa t41275 l41277 ls2668">capital </span><span class="pp-class-166 pa t41275 l32461 ls6928">structure. </span><span class="pp-class-166 pa t41275 l41278 ls1853">The </span><span class="pp-class-166 pa t41275 l5242 ls115">reserve </span><span class="pp-class-166 pa t41275 l41279 ls1866">is </span><span class="pp-class-166 pa t41275 l41280 ls2307">a </span><span class="pp-class-166 pa t41275 l41281 ls2380">distributable </span><span class="pp-class-166 pa t41275 l41282 ls115">reserve.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41283 l3">Hedging </span><span class="pp-class-172 pa t41283 l41284 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41285 l3">The </span><span class="pp-class-166 pa t41285 l1525 ls205">reserve </span><span class="pp-class-166 pa t41285 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41285 l33189">the </span><span class="pp-class-166 pa t41285 l41253 ls2307">fair </span><span class="pp-class-166 pa t41285 l14206 ls101">value </span><span class="pp-class-166 pa t41285 l41286">of </span><span class="pp-class-166 pa t41285 l11002">hedging </span><span class="pp-class-166 pa t41285 l41287 ls239">instruments </span><span class="pp-class-166 pa t41285 l41288 ls4212">qualifying </span><span class="pp-class-166 pa t41285 l41289 ls228">for </span><span class="pp-class-166 pa t41290 l3">hedge </span><span class="pp-class-166 pa t41290 l11492 ls189">accounting. </span><span class="pp-class-166 pa t41290 l21600">Hedge </span><span class="pp-class-166 pa t41290 l41291 ls946">accounting </span><span class="pp-class-166 pa t41290 l41292 ls189">ceases </span><span class="pp-class-166 pa t41290 l23902">when </span><span class="pp-class-166 pa t41290 l17793">the </span><span class="pp-class-166 pa t41290 l41293">hedging </span><span class="pp-class-166 pa t41290 l41294 ls239">instrument </span><span class="pp-class-166 pa t41295 l3 ls856">matures </span><span class="pp-class-166 pa t41295 l41296">or </span><span class="pp-class-166 pa t41295 l11927">if </span><span class="pp-class-166 pa t41295 l5932">a </span><span class="pp-class-166 pa t41295 l3374">hedge </span><span class="pp-class-166 pa t41295 l4876">is </span><span class="pp-class-166 pa t41295 l41297">no </span><span class="pp-class-166 pa t41295 l19821">longer </span><span class="pp-class-166 pa t41295 l15147 ls1900">effective.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41298 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41299 l3 ls4013">Foreign </span><span class="pp-class-172 pa t41299 l8800 ls740">currency </span><span class="pp-class-172 pa t41299 l14189 ls154">translation </span><span class="pp-class-172 pa t41299 l5647 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41300 l3 ls2313">The </span><span class="pp-class-166 pa t41300 l7048 ls6662">reserve </span><span class="pp-class-166 pa t41300 l4857 ls14689">comprises </span><span class="pp-class-166 pa t41300 l41301 ls13641">foreign </span><span class="pp-class-166 pa t41300 l41302 ls2289">currency </span><span class="pp-class-166 pa t41300 l41303 ls7116">translation </span><span class="pp-class-166 pa t41300 l41304 ls6530">arising </span><span class="pp-class-166 pa t41300 l41305 ls2275">on </span><span class="pp-class-166 pa t41300 l41306 ls2313">the </span><span class="pp-class-166 pa t41300 l41307 ls7116">translation </span><span class="pp-class-166 pa t41300 l41308">of </span><span class="pp-class-166 pa t41309 l3 ls234">net </span><span class="pp-class-166 pa t41309 l2647 ls226">investments </span><span class="pp-class-166 pa t41309 l3961">and </span><span class="pp-class-166 pa t41309 l23784 ls1766">related </span><span class="pp-class-166 pa t41309 l41310">hedging </span><span class="pp-class-166 pa t41309 l41311">in </span><span class="pp-class-166 pa t41309 l3049">entities </span><span class="pp-class-166 pa t41309 l41312">with </span><span class="pp-class-166 pa t41309 l38789">a </span><span class="pp-class-166 pa t41309 l41313 ls3593">functional </span><span class="pp-class-166 pa t41309 l41314 ls1849">currency </span><span class="pp-class-166 pa t41309 l41315 ls75">other </span><span class="pp-class-166 pa t41316 l3">than </span><span class="pp-class-166 pa t41316 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41316 l29865">The </span><span class="pp-class-166 pa t41316 l41317 ls205">reserve </span><span class="pp-class-166 pa t41316 l41318">is </span><span class="pp-class-166 pa t41316 l41319 ls48">dissolved </span><span class="pp-class-166 pa t41316 l30488">upon </span><span class="pp-class-166 pa t41316 l31138">disposal </span><span class="pp-class-166 pa t41316 l21718">of </span><span class="pp-class-166 pa t41316 l41320">entities.</span></p></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41232 l3 ls951">Reserves </span><span class="pp-class-166 pa t41232 l41233">as </span><span class="pp-class-166 pa t41232 l41234 ls702">presented </span><span class="pp-class-166 pa t41232 l4521">in </span><span class="pp-class-166 pa t41232 l41235">the </span><span class="pp-class-166 pa t41232 l41236 ls1122">statement </span><span class="pp-class-166 pa t41232 l41237">of </span><span class="pp-class-166 pa t41232 l23381">changes </span><span class="pp-class-166 pa t41232 l41238">in </span><span class="pp-class-166 pa t41232 l41239 ls1701">equity </span><span class="pp-class-166 pa t41232 l41240 ls234">comprise </span><span class="pp-class-166 pa t41232 l41241 ls187">treasury </span><span class="pp-class-166 pa t41242 l3 ls497">share </span><span class="pp-class-166 pa t41242 l22334 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41243">hedging </span><span class="pp-class-166 pa t41242 l8784 ls205">reserve </span><span class="pp-class-166 pa t41242 l1139">and </span><span class="pp-class-166 pa t41242 l2429 ls977">translation </span><span class="pp-class-166 pa t41242 l41244 ls205">reserve, </span><span class="pp-class-166 pa t41242 l41245">as </span><span class="pp-class-166 pa t41242 l41246 ls211">specified </span><span class="pp-class-166 pa t41242 l21727">on </span><span class="pp-class-166 pa t41242 l41247">the </span><span class="pp-class-166 pa t41248 l3 ls66">previous </span><span class="pp-class-166 pa t41248 l2482">page.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41249 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41250 l3 ls1167">Treasury </span><span class="pp-class-172 pa t41250 l5586 ls1115">share </span><span class="pp-class-172 pa t41250 l41251 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41252 l3">The </span><span class="pp-class-166 pa t41252 l1525 ls205">reserve </span><span class="pp-class-166 pa t41252 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41252 l33189">the </span><span class="pp-class-166 pa t41252 l41253">nominal </span><span class="pp-class-166 pa t41252 l13701 ls101">value </span><span class="pp-class-166 pa t41252 l5900">of </span><span class="pp-class-166 pa t41252 l41132 ls187">treasury </span><span class="pp-class-166 pa t41252 l41254 ls856">shares. </span><span class="pp-class-166 pa t41252 l41255">The </span><span class="pp-class-166 pa t41252 l21247 ls4013">difference </span><span class="pp-class-166 pa t41256 l3 ls946">between </span><span class="pp-class-166 pa t41256 l14757">the </span><span class="pp-class-166 pa t41256 l14758 ls495">market </span><span class="pp-class-166 pa t41256 l41257 ls189">price </span><span class="pp-class-166 pa t41256 l14936">paid </span><span class="pp-class-166 pa t41256 l12965">and </span><span class="pp-class-166 pa t41256 l9907">the </span><span class="pp-class-166 pa t41256 l10346">nominal </span><span class="pp-class-166 pa t41256 l20783 ls101">value </span><span class="pp-class-166 pa t41256 l23397">plus </span><span class="pp-class-166 pa t41256 l41258">dividends </span><span class="pp-class-166 pa t41256 l41259">on </span><span class="pp-class-166 pa t41256 l41260 ls187">treasury </span><span class="pp-class-166 pa t41261 l3 ls564">shares </span><span class="pp-class-166 pa t41261 l18904">is </span><span class="pp-class-166 pa t41261 l41262 ls564">recognised </span><span class="pp-class-166 pa t41261 l41263 ls461">directly </span><span class="pp-class-166 pa t41261 l41264">as </span><span class="pp-class-166 pa t41261 l4548 ls1416">retained </span><span class="pp-class-166 pa t41261 l29455 ls394">earnings </span><span class="pp-class-166 pa t41261 l41265">in </span><span class="pp-class-166 pa t41261 l41266 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41267 l3 ls13863">Treasury </span><span class="pp-class-166 pa t41267 l41268 ls564">shares </span><span class="pp-class-166 pa t41267 l37951 ls228">are </span><span class="pp-class-166 pa t41267 l41269">bought </span><span class="pp-class-166 pa t41267 l41270 ls135">to </span><span class="pp-class-166 pa t41267 l2554 ls923">meet </span><span class="pp-class-166 pa t41267 l41271">obligations </span><span class="pp-class-166 pa t41267 l41272">under </span><span class="pp-class-166 pa t41267 l41273">the </span><span class="pp-class-166 pa t41267 l1572 ls856">Company’s </span><span class="pp-class-166 pa t41267 l41274 ls704">incentive </span><span class="pp-class-166 pa t41275 l3 ls2660">schemes </span><span class="pp-class-166 pa t41275 l41276 ls1853">and </span><span class="pp-class-166 pa t41275 l26529 ls2302">to </span><span class="pp-class-166 pa t41275 l31435 ls2688">adapt </span><span class="pp-class-166 pa t41275 l11726 ls1853">the </span><span class="pp-class-166 pa t41275 l41277 ls2668">capital </span><span class="pp-class-166 pa t41275 l32461 ls6928">structure. </span><span class="pp-class-166 pa t41275 l41278 ls1853">The </span><span class="pp-class-166 pa t41275 l5242 ls115">reserve </span><span class="pp-class-166 pa t41275 l41279 ls1866">is </span><span class="pp-class-166 pa t41275 l41280 ls2307">a </span><span class="pp-class-166 pa t41275 l41281 ls2380">distributable </span><span class="pp-class-166 pa t41275 l41282 ls115">reserve.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41283 l3">Hedging </span><span class="pp-class-172 pa t41283 l41284 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41285 l3">The </span><span class="pp-class-166 pa t41285 l1525 ls205">reserve </span><span class="pp-class-166 pa t41285 l28850 ls1428">comprises </span><span class="pp-class-166 pa t41285 l33189">the </span><span class="pp-class-166 pa t41285 l41253 ls2307">fair </span><span class="pp-class-166 pa t41285 l14206 ls101">value </span><span class="pp-class-166 pa t41285 l41286">of </span><span class="pp-class-166 pa t41285 l11002">hedging </span><span class="pp-class-166 pa t41285 l41287 ls239">instruments </span><span class="pp-class-166 pa t41285 l41288 ls4212">qualifying </span><span class="pp-class-166 pa t41285 l41289 ls228">for </span><span class="pp-class-166 pa t41290 l3">hedge </span><span class="pp-class-166 pa t41290 l11492 ls189">accounting. </span><span class="pp-class-166 pa t41290 l21600">Hedge </span><span class="pp-class-166 pa t41290 l41291 ls946">accounting </span><span class="pp-class-166 pa t41290 l41292 ls189">ceases </span><span class="pp-class-166 pa t41290 l23902">when </span><span class="pp-class-166 pa t41290 l17793">the </span><span class="pp-class-166 pa t41290 l41293">hedging </span><span class="pp-class-166 pa t41290 l41294 ls239">instrument </span><span class="pp-class-166 pa t41295 l3 ls856">matures </span><span class="pp-class-166 pa t41295 l41296">or </span><span class="pp-class-166 pa t41295 l11927">if </span><span class="pp-class-166 pa t41295 l5932">a </span><span class="pp-class-166 pa t41295 l3374">hedge </span><span class="pp-class-166 pa t41295 l4876">is </span><span class="pp-class-166 pa t41295 l41297">no </span><span class="pp-class-166 pa t41295 l19821">longer </span><span class="pp-class-166 pa t41295 l15147 ls1900">effective.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41298 l3"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41299 l3 ls4013">Foreign </span><span class="pp-class-172 pa t41299 l8800 ls740">currency </span><span class="pp-class-172 pa t41299 l14189 ls154">translation </span><span class="pp-class-172 pa t41299 l5647 ls93">reserve</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41300 l3 ls2313">The </span><span class="pp-class-166 pa t41300 l7048 ls6662">reserve </span><span class="pp-class-166 pa t41300 l4857 ls14689">comprises </span><span class="pp-class-166 pa t41300 l41301 ls13641">foreign </span><span class="pp-class-166 pa t41300 l41302 ls2289">currency </span><span class="pp-class-166 pa t41300 l41303 ls7116">translation </span><span class="pp-class-166 pa t41300 l41304 ls6530">arising </span><span class="pp-class-166 pa t41300 l41305 ls2275">on </span><span class="pp-class-166 pa t41300 l41306 ls2313">the </span><span class="pp-class-166 pa t41300 l41307 ls7116">translation </span><span class="pp-class-166 pa t41300 l41308">of </span><span class="pp-class-166 pa t41309 l3 ls234">net </span><span class="pp-class-166 pa t41309 l2647 ls226">investments </span><span class="pp-class-166 pa t41309 l3961">and </span><span class="pp-class-166 pa t41309 l23784 ls1766">related </span><span class="pp-class-166 pa t41309 l41310">hedging </span><span class="pp-class-166 pa t41309 l41311">in </span><span class="pp-class-166 pa t41309 l3049">entities </span><span class="pp-class-166 pa t41309 l41312">with </span><span class="pp-class-166 pa t41309 l38789">a </span><span class="pp-class-166 pa t41309 l41313 ls3593">functional </span><span class="pp-class-166 pa t41309 l41314 ls1849">currency </span><span class="pp-class-166 pa t41309 l41315 ls75">other </span><span class="pp-class-166 pa t41316 l3">than </span><span class="pp-class-166 pa t41316 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41316 l29865">The </span><span class="pp-class-166 pa t41316 l41317 ls205">reserve </span><span class="pp-class-166 pa t41316 l41318">is </span><span class="pp-class-166 pa t41316 l41319 ls48">dissolved </span><span class="pp-class-166 pa t41316 l30488">upon </span><span class="pp-class-166 pa t41316 l31138">disposal </span><span class="pp-class-166 pa t41316 l21718">of </span><span class="pp-class-166 pa t41316 l41320">entities.</span></p> <div class="pp-class-4" id="pp-id-4440" xmlns="http://www.w3.org/1999/xhtml"><div class="w41439 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.3 </span><span class="pp-class-169 pa t254 l37093 ls21824">Earnings </span><span class="pp-class-169 pa t254 l41440 ls6611">per </span><span class="pp-class-169 pa t254 l41441 ls7708">share</span></p></div></div><div id="pp-id-4441" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41442 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls1498">Earnings </span><span class="pp-class-170 pa t34823 l5993 ls1853">per </span><span class="pp-class-170 pa t34823 l41443 ls7025">share</span><span class="pp-class-166 pa t34823 l41444"/><span class="pp-class-166 pa t34823 l41445">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls1866">Profit </span><span class="pp-class-166 pa t34827 l8778 ls228">for </span><span class="pp-class-166 pa t34827 l33691">the </span><span class="pp-class-166 pa t34827 l13618 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l32699">8,172</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28139">10,175</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls2476">Non-controlling </span><span class="pp-class-166 pa t35090 l34920 ls2022">interests’ </span><span class="pp-class-166 pa t35090 l41447 ls497">share </span><span class="pp-class-166 pa t35090 l41448">of </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41449 l3 ls1119">consolidated </span><span class="pp-class-166 pa t41449 l6168 ls564">profit </span><span class="pp-class-166 pa t41449 l10353 ls228">for </span><span class="pp-class-166 pa t41449 l23726">the </span><span class="pp-class-166 pa t41449 l33485 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41449 l28209">77</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41449 l28210">66</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41450 l3 ls6700">DSV </span><span class="pp-class-170 pa t41450 l41451 ls18871">A/S </span><span class="pp-class-170 pa t41450 l41452 ls1183">shareholders’ </span><span class="pp-class-170 pa t41450 l37220 ls38583">share </span><span class="pp-class-170 pa t41450 l33575 ls3156">of </span><span class="pp-class-170 pa t41450 l41453 ls41454">profit </span><span class="pp-class-170 pa t41450 l41455 ls15759">for </span><span class="pp-class-170 pa t41450 l41456 ls29555">the </span><span class="pp-class-170 pa t41450 l41457 ls15736">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41450 l41458 ls2690">8,095</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41450 l38040 ls2688">10,109</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35036 l3 ls492">Amortisation </span><span class="pp-class-166 pa t35036 l13190">of </span><span class="pp-class-166 pa t35036 l41459 ls740">customer </span><span class="pp-class-166 pa t35036 l709 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35036 l28131">331</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35036 l28132">131</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t4244 l3 ls740">Share-based </span><span class="pp-class-166 pa t4244 l35035">payment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t4244 l28131">359</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t4244 l28132">327</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34850 l3">Special </span><span class="pp-class-166 pa t34850 l5262 ls740">items, </span><span class="pp-class-166 pa t34850 l34858 ls3490">costs</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34850 l32699">4,527</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34850 l28132">853</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35039 l3 ls614">Related </span><span class="pp-class-166 pa t35039 l3071 ls946">tax </span><span class="pp-class-166 pa t35039 l40993 ls1408">effect</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35039 l41460">(1,581)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35039 l40006">(317)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41461 l3 ls13029">Adjusted </span><span class="pp-class-170 pa t41461 l35158 ls6383">profit </span><span class="pp-class-170 pa t41461 l41462 ls7958">for </span><span class="pp-class-170 pa t41461 l41463 ls1853">the </span><span class="pp-class-170 pa t41461 l41464 ls2660">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41461 l41465 ls2688">11,731</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41461 l38040 ls2688">11,103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41466 l3">(‘000 </span><span class="pp-class-166 pa t41466 l21866 ls564">shares)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41467 l3 ls3686">Total </span><span class="pp-class-166 pa t41467 l8908 ls946">average </span><span class="pp-class-166 pa t41467 l41468">number </span><span class="pp-class-166 pa t41467 l41469">of </span><span class="pp-class-166 pa t41467 l31336 ls564">shares </span><span class="pp-class-166 pa t41467 l41470 ls101">issued</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41467 l41471">240,445</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41467 l37865">221,837</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41472 l3 ls2834">Average </span><span class="pp-class-166 pa t41472 l8810">number </span><span class="pp-class-166 pa t41472 l18910">of </span><span class="pp-class-166 pa t41472 l16140 ls187">treasury </span><span class="pp-class-166 pa t41472 l27088 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41472 l41460">(4,658)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41472 l37964">(7,108)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41473 l3 ls2834">Average </span><span class="pp-class-166 pa t41473 l8810">number </span><span class="pp-class-166 pa t41473 l18910">of </span><span class="pp-class-166 pa t41473 l16140 ls564">shares </span><span class="pp-class-166 pa t41473 l6121 ls923">outstanding</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41473 l41471">235,787</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41473 l37865">214,729</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41474 l3 ls2834">Average </span><span class="pp-class-166 pa t41474 l8810 ls394">dilutive </span><span class="pp-class-166 pa t41474 l30662 ls2221">effect </span><span class="pp-class-166 pa t41474 l13740">of </span><span class="pp-class-166 pa t41474 l32655 ls86">outstanding </span><span class="pp-class-166 pa t41474 l32005 ls497">share </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41475 l3">options </span><span class="pp-class-166 pa t41475 l41476">under </span><span class="pp-class-166 pa t41475 l41477 ls704">incentive </span><span class="pp-class-166 pa t41475 l3525">schemes</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41475 l28131">372</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41475 l28132">448</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41478 l3 ls3042">Diluted </span><span class="pp-class-170 pa t41478 l28026 ls19220">average </span><span class="pp-class-170 pa t41478 l41479 ls2261">number </span><span class="pp-class-170 pa t41478 l41480 ls2273">of </span><span class="pp-class-170 pa t41478 l41481 ls19240">shares </span><span class="pp-class-170 pa t41478 l41482 ls2280">outstanding </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41478 l41483 ls1858">236,159</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41478 l37870 ls1858">215,177</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41484 l3 ls10">Earnings </span><span class="pp-class-166 pa t41484 l5963">per </span><span class="pp-class-166 pa t41484 l34924 ls497">share </span><span class="pp-class-166 pa t41484 l34930">of </span><span class="pp-class-166 pa t41484 l3671">DKK </span><span class="pp-class-166 pa t41484 l14651">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41484 l28145">34.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41484 l28146">47.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41485 l3 ls187">Diluted </span><span class="pp-class-166 pa t41485 l10807 ls394">earnings </span><span class="pp-class-166 pa t41485 l14824">per </span><span class="pp-class-166 pa t41485 l9648 ls497">share </span><span class="pp-class-166 pa t41485 l34937">of </span><span class="pp-class-166 pa t41485 l34938">DKK </span><span class="pp-class-166 pa t41485 l34939">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41485 l28145">34.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41485 l28146">47.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41486 l3 ls10408">Continuing </span><span class="pp-class-170 pa t41486 l41487 ls15293">operations/discontinued </span><span class="pp-class-170 pa t41486 l41488 ls1466">operations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41489 l3 ls10">Earnings </span><span class="pp-class-166 pa t41489 l5963">per </span><span class="pp-class-166 pa t41489 l34924 ls497">share </span><span class="pp-class-166 pa t41489 l34930">of </span><span class="pp-class-166 pa t41489 l3671">DKK </span><span class="pp-class-166 pa t41489 l14651">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41489 l41490">35.6/(1.2)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41489 l41491 ls93">47.1/n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41492 l3 ls187">Diluted </span><span class="pp-class-166 pa t41492 l10807 ls394">earnings </span><span class="pp-class-166 pa t41492 l14824">per </span><span class="pp-class-166 pa t41492 l9648 ls497">share </span><span class="pp-class-166 pa t41492 l34937">of </span><span class="pp-class-166 pa t41492 l34938">DKK </span><span class="pp-class-166 pa t41492 l34939">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41492 l41490">35.5/(1.2)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41492 l41491 ls93">47.0/n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41493 l3 ls740">Adjusted </span><span class="pp-class-166 pa t41493 l1277 ls394">earnings </span><span class="pp-class-166 pa t41493 l41494">per </span><span class="pp-class-166 pa t41493 l41495 ls497">share </span><span class="pp-class-166 pa t41493 l41496">of </span><span class="pp-class-166 pa t41493 l41497">DKK </span><span class="pp-class-166 pa t41493 l12972">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41493 l41498 ls93">51.0/n.a.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41493 l41491 ls93">51.7/n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41499 l3 ls187">Diluted </span><span class="pp-class-166 pa t41499 l10807 ls740">adjusted </span><span class="pp-class-166 pa t41499 l10808 ls394">earnings </span><span class="pp-class-166 pa t41499 l10809">per </span><span class="pp-class-166 pa t41499 l10810 ls497">share </span><span class="pp-class-166 pa t41499 l10811">of </span><span class="pp-class-166 pa t41499 l36384">DKK </span><span class="pp-class-166 pa t41499 l41500">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41499 l41498 ls93">50.9/n.a.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41499 l41491 ls93">51.6/n.a.</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4442" xmlns="http://www.w3.org/1999/xhtml"><div class="w40402 h41501 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41502 l3 ls2406">Diluted </span><span class="pp-class-170 pa t41502 l41503 ls6844">average </span><span class="pp-class-170 pa t41502 l41504 ls3050">number </span><span class="pp-class-170 pa t41502 l41505 ls13149">of </span><span class="pp-class-170 pa t41502 l41506 ls2777">shares </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41507 l3 ls187">Diluted </span><span class="pp-class-166 pa t41507 l10807 ls394">earnings </span><span class="pp-class-166 pa t41507 l14824">per </span><span class="pp-class-166 pa t41507 l9648 ls497">share </span><span class="pp-class-166 pa t41507 l34937">and </span><span class="pp-class-166 pa t41507 l10207 ls187">diluted </span><span class="pp-class-166 pa t41507 l41508 ls740">adjusted </span><span class="pp-class-166 pa t41507 l41509 ls394">earnings </span><span class="pp-class-166 pa t41507 l41510">per </span><span class="pp-class-166 pa t41507 l41511 ls497">share </span><span class="pp-class-166 pa t41507 l41512 ls48">have </span><span class="pp-class-166 pa t41507 l41513">been </span><span class="pp-class-166 pa t41514 l3 ls1828">calculated </span><span class="pp-class-166 pa t41514 l40481 ls164">excluding </span><span class="pp-class-166 pa t41514 l14292 ls187">out-of-the </span><span class="pp-class-166 pa t41514 l41515 ls1831">money </span><span class="pp-class-166 pa t41514 l3898 ls497">share </span><span class="pp-class-166 pa t41514 l33837">options. </span><span class="pp-class-166 pa t41514 l41516">The </span><span class="pp-class-166 pa t41514 l41517 ls946">average </span><span class="pp-class-166 pa t41514 l41518">number </span><span class="pp-class-166 pa t41519 l3">of </span><span class="pp-class-166 pa t41519 l2457 ls1828">non-vested </span><span class="pp-class-166 pa t41519 l23313 ls187">out-of-the </span><span class="pp-class-166 pa t41519 l41520 ls1831">money </span><span class="pp-class-166 pa t41519 l38065 ls497">share </span><span class="pp-class-166 pa t41519 l3674">options </span><span class="pp-class-166 pa t41519 l41521 ls1528">was </span><span class="pp-class-166 pa t41519 l14749">2,620,493 </span><span class="pp-class-166 pa t41519 l41522">in </span><span class="pp-class-166 pa t41519 l41523">2025 </span><span class="pp-class-166 pa t41524 l3">(2024: </span><span class="pp-class-166 pa t41524 l10819">5,083,767).</span></p></div></div> <div class="pp-class-4" id="pp-id-4443" xmlns="http://www.w3.org/1999/xhtml"><div class="w41525 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.4 </span><span class="pp-class-169 pa t254 l37093 ls21822">Financial </span><span class="pp-class-169 pa t254 l38261 ls3165">liabilities</span></p></div></div><div class="pp-class-4" id="pp-id-4444" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525">financial </span><span class="pp-class-166 pa t3330 l11352">liabilities </span><span class="pp-class-166 pa t3330 l664">of </span><span class="pp-class-166 pa t3330 l5458">the </span><span class="pp-class-166 pa t3330 l41527 ls497">Group </span><span class="pp-class-166 pa t3330 l5899 ls228">are </span><span class="pp-class-166 pa t3330 l13567">divided </span><span class="pp-class-166 pa t3330 l41528 ls1122">into </span><span class="pp-class-166 pa t3330 l41529 ls267">four </span><span class="pp-class-166 pa t3330 l41530">financing </span><span class="pp-class-166 pa t3330 l41531 ls4462">categories: </span><span class="pp-class-166 pa t3338 l3 ls2061">overdraft </span><span class="pp-class-166 pa t3338 l41532">and </span><span class="pp-class-166 pa t3338 l41533 ls564">credit </span><span class="pp-class-166 pa t3338 l1490 ls154">facilities, </span><span class="pp-class-166 pa t3338 l34683 ls239">issued </span><span class="pp-class-166 pa t3338 l41534">bonds, </span><span class="pp-class-166 pa t3338 l41535 ls101">lease </span><span class="pp-class-166 pa t3338 l19925">liabilities, </span><span class="pp-class-166 pa t3338 l41536">and </span><span class="pp-class-166 pa t3338 l21521 ls75">other </span><span class="pp-class-166 pa t3338 l41537 ls19737">non-</span><span class="pp-class-166 pa t3348 l3 ls702">current </span><span class="pp-class-166 pa t3348 l30365">financial </span><span class="pp-class-166 pa t3348 l2691">liabilities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t3373 l39979">and </span><span class="pp-class-166 pa t3373 l41538 ls564">credit </span><span class="pp-class-166 pa t3373 l41539 ls187">facilities </span><span class="pp-class-166 pa t3373 l41540 ls228">are </span><span class="pp-class-166 pa t3373 l41541">initially </span><span class="pp-class-166 pa t3373 l34156 ls564">recognised </span><span class="pp-class-166 pa t3373 l32959">at </span><span class="pp-class-166 pa t3373 l41542 ls2307">fair </span><span class="pp-class-166 pa t3373 l41543 ls101">value </span><span class="pp-class-166 pa t3373 l6219 ls234">net </span><span class="pp-class-166 pa t3373 l41544">of </span><span class="pp-class-166 pa t3373 l41545 ls1129">trans-</span><span class="pp-class-166 pa t3682 l3 ls1636">action </span><span class="pp-class-166 pa t3682 l41546 ls86">expenses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3387 l21599 ls2061">overdraft </span><span class="pp-class-166 pa t3387 l6214">and </span><span class="pp-class-166 pa t3387 l28910 ls564">credit </span><span class="pp-class-166 pa t3387 l33473 ls187">facilities </span><span class="pp-class-166 pa t3387 l41535 ls228">are </span><span class="pp-class-166 pa t3387 l41547 ls1528">measured </span><span class="pp-class-166 pa t3387 l41548">at </span><span class="pp-class-166 pa t3387 l41549 ls2179">amortised </span><span class="pp-class-166 pa t3387 l5710 ls3966">cost, </span><span class="pp-class-166 pa t3395 l3 ls5508">corresponding </span><span class="pp-class-166 pa t3395 l14462 ls135">to </span><span class="pp-class-166 pa t3395 l14463">the </span><span class="pp-class-166 pa t3395 l13613 ls1761">capitalised </span><span class="pp-class-166 pa t3395 l41550 ls101">value </span><span class="pp-class-166 pa t3395 l41551">using </span><span class="pp-class-166 pa t3395 l27936">the </span><span class="pp-class-166 pa t3395 l41552 ls1900">effective </span><span class="pp-class-166 pa t3395 l19481 ls135">interest </span><span class="pp-class-166 pa t3395 l5005 ls461">method, </span><span class="pp-class-166 pa t3395 l41553">so </span><span class="pp-class-166 pa t3406 l3">that </span><span class="pp-class-166 pa t3406 l3494">the </span><span class="pp-class-166 pa t3406 l41554 ls4013">difference </span><span class="pp-class-166 pa t3406 l41555 ls946">between </span><span class="pp-class-166 pa t3406 l36354">the </span><span class="pp-class-166 pa t3406 l41556 ls265">proceeds </span><span class="pp-class-166 pa t3406 l41557">and </span><span class="pp-class-166 pa t3406 l38547">the </span><span class="pp-class-166 pa t3406 l41558">nominal </span><span class="pp-class-166 pa t3406 l41559 ls101">value </span><span class="pp-class-166 pa t3406 l39167">is </span><span class="pp-class-166 pa t3406 l5952 ls564">recognised </span><span class="pp-class-166 pa t3722 l3">in </span><span class="pp-class-166 pa t3722 l1746">the </span><span class="pp-class-166 pa t3722 l1747 ls1122">statement </span><span class="pp-class-166 pa t3722 l41560">of </span><span class="pp-class-166 pa t3722 l41561 ls564">profit </span><span class="pp-class-166 pa t3722 l26273">or </span><span class="pp-class-166 pa t3722 l12494 ls48">loss </span><span class="pp-class-166 pa t3722 l41562 ls48">over </span><span class="pp-class-166 pa t3722 l41563">the </span><span class="pp-class-166 pa t3722 l18101 ls1122">term </span><span class="pp-class-166 pa t3722 l41564">of </span><span class="pp-class-166 pa t3722 l41565">the </span><span class="pp-class-166 pa t3722 l5462">loan. </span><span class="pp-class-166 pa t3722 l41566 ls75">Lease </span><span class="pp-class-166 pa t3722 l41567">liabilities </span><span class="pp-class-166 pa t3722 l27758 ls228">are </span><span class="pp-class-166 pa t3728 l3">described </span><span class="pp-class-166 pa t3728 l32931">in </span><span class="pp-class-166 pa t3728 l28708 ls2103">further </span><span class="pp-class-166 pa t3728 l41568 ls189">detail </span><span class="pp-class-166 pa t3728 l41569">in </span><span class="pp-class-171 pa t3728 l41570 ls73">note </span><span class="pp-class-171 pa t3728 l5460">3.6</span><span class="pp-class-166 pa t3728 l31376">.</span></p></div></div><div class="pp-class-4" id="pp-id-4445" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41571 pa t2 l3 wtro4 xx23275 tro6 xx23276"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41572 l3">Other </span><span class="pp-class-166 pa t41572 l4385">liabilities </span><span class="pp-class-166 pa t41572 l41573 ls228">are </span><span class="pp-class-166 pa t41572 l34201 ls1528">measured </span><span class="pp-class-166 pa t41572 l28378">at </span><span class="pp-class-166 pa t41572 l25923 ls2179">amortised </span><span class="pp-class-166 pa t41572 l41574 ls3966">cost, </span><span class="pp-class-166 pa t41572 l28711">which </span><span class="pp-class-166 pa t41572 l39821">does </span><span class="pp-class-166 pa t41572 l41575 ls1528">not </span><span class="pp-class-166 pa t41572 l41576 ls189">differ </span><span class="pp-class-166 pa t41572 l41577">signifi-</span><span class="pp-class-166 pa t41578 l3 ls93">cantly </span><span class="pp-class-166 pa t41578 l12963 ls267">from </span><span class="pp-class-166 pa t41578 l30712">the </span><span class="pp-class-166 pa t41578 l41579 ls234">net </span><span class="pp-class-166 pa t41578 l41580 ls2476">realisable </span><span class="pp-class-166 pa t41578 l712 ls101">value.</span></p></div></div><div id="pp-id-4446" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h37956 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls2349">Financial </span><span class="pp-class-170 pa t34823 l4040 ls2275">liabilities</span><span class="pp-class-170 pa t34823 l4966"/><span class="pp-class-166 pa t34823 l4137">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls946">Non-current </span><span class="pp-class-166 pa t34827 l36824">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28138">81,034</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l28139">78,176</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1430">Current </span><span class="pp-class-166 pa t35090 l20615">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28138">16,901</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l28456">4,641</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l41465 ls2688">97,935</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37965 l38040 ls2688">82,817</span></p></td></tr></table></div></div><div id="pp-id-4447" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41581 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41582 ls1319">Non-cash </span><span class="pp-class-170 pa t28110 l41583 ls2688">change</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41584 l3 ls2349">Financing </span><span class="pp-class-170 pa t41584 l10366 ls54">activities </span><span class="pp-class-170 pa t41584 l12864 ls2275">2025</span><span class="pp-class-166 pa t41584 l41585"/><span class="pp-class-166 pa t41584 l41586">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41587 l41588">Beginning </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41584 l41589">of </span><span class="pp-class-166 pa t41584 l41590 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41584 l41591 ls4015">Cash </span><span class="pp-class-166 pa t41584 l41592">flow</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28117 l41593 ls2870">Foreign </span><span class="pp-class-166 pa t41594 l41595 ls1849">currency </span><span class="pp-class-166 pa t41587 l41596 ls851">exchange </span><span class="pp-class-166 pa t41587 l41597 ls5905">rate </span><span class="pp-class-166 pa t41584 l41598 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41584 l41599">Other</span><span class="pp-class-174 pa t41600 l41601">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41584 l41602">End </span><span class="pp-class-166 pa t41584 l41603">of </span><span class="pp-class-166 pa t41584 l41604 ls1026">year</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t41605 l39979">and </span><span class="pp-class-166 pa t41605 l41538 ls564">credit </span><span class="pp-class-166 pa t41605 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l41606">362</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l41607">(9,698)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l41608">(58)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l41609">15,471</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41605 l38235">6,077</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l3 ls239">Issued </span><span class="pp-class-166 pa t41610 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l41612">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l41613">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l41614">146</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l41615">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41610 l37820">60,928</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l3 ls75">Lease </span><span class="pp-class-166 pa t41616 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l41612">21,673</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l41607">(7,747)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l41617">(1,095)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l41609">18,099</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41616 l37820">30,930</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l3 ls15293">Total </span><span class="pp-class-170 pa t41618 l34893 ls115">financial </span><span class="pp-class-170 pa t41618 l41619 ls2282">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l41620 ls2688">82,817</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l41621 ls2660">(17,445)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l41622 ls1858">(1,007)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l41623 ls2688">33,570</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41618 l38228 ls2688">97,935</span></p></td></tr></table></div></div><div id="pp-id-4448" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41624 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls2349">Financing </span><span class="pp-class-170 pa t28110 l10366 ls54">activities </span><span class="pp-class-170 pa t28110 l12864 ls2275">2024</span><span class="pp-class-166 pa t28110 l41585"/><span class="pp-class-166 pa t28110 l41586">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t33223 l39979">and </span><span class="pp-class-166 pa t33223 l41538 ls564">credit </span><span class="pp-class-166 pa t33223 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41606">677</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41607">(1,296)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41625">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41626">962</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l38253">362</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l3 ls239">Issued </span><span class="pp-class-166 pa t41627 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l41612">21,450</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l41628">39,299</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l41625">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l41629">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41627 l37820">60,782</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l3 ls75">Lease </span><span class="pp-class-166 pa t41630 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l41612">17,947</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l41607">(5,404)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l41614">285</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l41631">8,845</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41630 l37820">21,673</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l3 ls15293">Total </span><span class="pp-class-170 pa t33015 l34893 ls2786">liabilities </span><span class="pp-class-170 pa t33015 l41632 ls4132">from </span><span class="pp-class-170 pa t33015 l18082 ls115">financing </span><span class="pp-class-170 pa t33015 l20016 ls2081">activities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l41620 ls2688">40,074</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l41633 ls2688">32,599</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l41634 ls1866">329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l41635 ls2690">9,815</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33015 l38228 ls2688">82,817</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l3">Other </span><span class="pp-class-166 pa t41636 l4385">financial </span><span class="pp-class-166 pa t41636 l28667">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l41637 ls2307">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l41613">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l41638">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l41639">(16)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41636 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l3 ls15293">Total </span><span class="pp-class-170 pa t33030 l34893 ls115">financial </span><span class="pp-class-170 pa t33030 l41619 ls2282">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l41620 ls2688">40,090</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l41633 ls2688">34,709</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l41634 ls1866">329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l41635 ls2690">7,689</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33030 l38228 ls2688">82,817</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4449" xmlns="http://www.w3.org/1999/xhtml"><div class="w37847 h3194 pa t2 l3 wtro4 xx2758 tro6 xx2759"><p class="pp-class-164 pp-area-text"><span class="pp-class-175 pa t4254 l3">1</span><span class="pp-class-173 pa t2760 l7664"/><span class="pp-class-173 pa t2760 l4255">Other </span><span class="pp-class-173 pa t2760 l41640 ls166">includes </span><span class="pp-class-173 pa t2760 l41641 ls166">additions </span><span class="pp-class-173 pa t2760 l41642">and </span><span class="pp-class-173 pa t2760 l41643 ls218">remeasurement </span><span class="pp-class-173 pa t2760 l41644">of </span><span class="pp-class-173 pa t2760 l41645">financial </span><span class="pp-class-173 pa t2760 l41646">liabilities.</span></p></div></div><div id="pp-id-4452" xmlns="http://www.w3.org/1999/xhtml"><div class="w41822 h41823 pa t2 l3 wtro4 xx41824 tro6 xx41825"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t41826 l3 ls556">Commitments </span><span class="pp-class-172 pa t41826 l41827">and </span><span class="pp-class-172 pa t41826 l32362">amounts </span><span class="pp-class-172 pa t41826 l41828 ls2061">drawn </span><span class="pp-class-172 pa t41826 l9979">on </span><span class="pp-class-172 pa t41826 l20202 ls234">long-term </span><span class="pp-class-172 pa t41826 l41829">loan </span><span class="pp-class-172 pa t41826 l41830 ls117">facilities </span><span class="pp-class-172 pa t41826 l21588">at </span><span class="pp-class-172 pa t41826 l15205">31 </span><span class="pp-class-172 pa t41826 l28738 ls187">December </span><span class="pp-class-172 pa t41826 l41831">2025:</span></p></div></div><div id="pp-id-4453" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41832 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls6928">Loan </span><span class="pp-class-170 pa t37784 l41833 ls2483">facilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41834 ls923">Principal </span><span class="pp-class-166 pa t28110 l41835">amount </span><span class="pp-class-166 pa t37784 l41836">(EURm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41837 ls923">Principal </span><span class="pp-class-166 pa t28110 l40574">amount </span><span class="pp-class-166 pa t37784 l41838">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41839 ls2471">Fixed/floating </span><span class="pp-class-166 pa t37784 l41840 ls135">interest </span><span class="pp-class-166 pa t37784 l41841 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41842 ls3997">Expiry </span><span class="pp-class-166 pa t28110 l41843">of </span><span class="pp-class-166 pa t37784 l41844 ls923">commitments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41845 ls740">Duration </span><span class="pp-class-166 pa t37784 l41846 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41847 ls59">Undrawn </span><span class="pp-class-166 pa t37784 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">Bond </span><span class="pp-class-166 pa t33226 l41848">loan </span><span class="pp-class-166 pa t33226 l33156">- </span><span class="pp-class-166 pa t33226 l41849">ISIN </span><span class="pp-class-166 pa t33226 l41850 ls492">XS2387735470</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41851"/><span class="pp-class-166 pa t33226 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41853"/><span class="pp-class-166 pa t33226 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41854"/><span class="pp-class-166 pa t33226 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41856">17/09/2036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41857"/><span class="pp-class-166 pa t33226 l41858">10.7 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41859"/><span class="pp-class-166 pa t33226 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l3">Bond </span><span class="pp-class-166 pa t41860 l41848">loan </span><span class="pp-class-166 pa t41860 l33156">- </span><span class="pp-class-166 pa t41860 l41849">ISIN </span><span class="pp-class-166 pa t41860 l41850 ls492">XS2932829356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41851"/><span class="pp-class-166 pa t41860 l41852">750 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41853"/><span class="pp-class-166 pa t41860 l37814">5,602 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41854"/><span class="pp-class-166 pa t41860 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41856">06/11/2034</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41861"/><span class="pp-class-166 pa t41860 l41862">8.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41859"/><span class="pp-class-166 pa t41860 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l3">Bond </span><span class="pp-class-166 pa t41863 l41848">loan </span><span class="pp-class-166 pa t41863 l33156">- </span><span class="pp-class-166 pa t41863 l41849">ISIN </span><span class="pp-class-166 pa t41863 l41850 ls492">XS2360881549</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41851"/><span class="pp-class-166 pa t41863 l41852">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41853"/><span class="pp-class-166 pa t41863 l37814">4,481 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41854"/><span class="pp-class-166 pa t41863 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41856">05/07/2033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41861"/><span class="pp-class-166 pa t41863 l41862">7.5 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41859"/><span class="pp-class-166 pa t41863 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l3">Bond </span><span class="pp-class-166 pa t41864 l41848">loan </span><span class="pp-class-166 pa t41864 l33156">- </span><span class="pp-class-166 pa t41864 l41849">ISIN </span><span class="pp-class-166 pa t41864 l41850 ls492">XS2932836211</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41851"/><span class="pp-class-166 pa t41864 l41852">750 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41853"/><span class="pp-class-166 pa t41864 l37814">5,602 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41854"/><span class="pp-class-166 pa t41864 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41856">06/11/2032</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41861"/><span class="pp-class-166 pa t41864 l41862">6.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41859"/><span class="pp-class-166 pa t41864 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l3">Bond </span><span class="pp-class-166 pa t41865 l41848">loan </span><span class="pp-class-166 pa t41865 l33156">- </span><span class="pp-class-166 pa t41865 l41849">ISIN </span><span class="pp-class-166 pa t41865 l41850 ls492">XS2308616841</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41851"/><span class="pp-class-166 pa t41865 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41853"/><span class="pp-class-166 pa t41865 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41854"/><span class="pp-class-166 pa t41865 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41856">03/03/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41861"/><span class="pp-class-166 pa t41865 l41862">5.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41859"/><span class="pp-class-166 pa t41865 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l3">Bond </span><span class="pp-class-166 pa t41866 l41848">loan </span><span class="pp-class-166 pa t41866 l33156">- </span><span class="pp-class-166 pa t41866 l41849">ISIN </span><span class="pp-class-166 pa t41866 l41850 ls492">XS2932834604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41867"/><span class="pp-class-166 pa t41866 l41868">1,250 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41853"/><span class="pp-class-166 pa t41866 l37814">9,336 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41854"/><span class="pp-class-166 pa t41866 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41856">06/11/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41861"/><span class="pp-class-166 pa t41866 l41862">4.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41859"/><span class="pp-class-166 pa t41866 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l3">Bond </span><span class="pp-class-166 pa t41869 l41848">loan </span><span class="pp-class-166 pa t41869 l33156">- </span><span class="pp-class-166 pa t41869 l41849">ISIN </span><span class="pp-class-166 pa t41869 l41850 ls492">XS2458285355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41851"/><span class="pp-class-166 pa t41869 l41852">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41853"/><span class="pp-class-166 pa t41869 l37814">4,481 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41854"/><span class="pp-class-166 pa t41869 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41856">16/03/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41861"/><span class="pp-class-166 pa t41869 l41862">4.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41859"/><span class="pp-class-166 pa t41869 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l3">Bond </span><span class="pp-class-166 pa t41870 l41848">loan </span><span class="pp-class-166 pa t41870 l33156">- </span><span class="pp-class-166 pa t41870 l41849">ISIN </span><span class="pp-class-166 pa t41870 l41850 ls492">XS2850439642</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41851"/><span class="pp-class-166 pa t41870 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41853"/><span class="pp-class-166 pa t41870 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41854"/><span class="pp-class-166 pa t41870 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41856">26/06/2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41861"/><span class="pp-class-166 pa t41870 l41862">3.5 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41859"/><span class="pp-class-166 pa t41870 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l3">Bond </span><span class="pp-class-166 pa t41871 l41848">loan </span><span class="pp-class-166 pa t41871 l33156">- </span><span class="pp-class-166 pa t41871 l41849">ISIN </span><span class="pp-class-166 pa t41871 l41850 ls492">XS2932831923</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41867"/><span class="pp-class-166 pa t41871 l41868">1,000 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41853"/><span class="pp-class-166 pa t41871 l37814">7,469 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41854"/><span class="pp-class-166 pa t41871 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41856">06/11/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41861"/><span class="pp-class-166 pa t41871 l41862">2.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41859"/><span class="pp-class-166 pa t41871 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l3">Bond </span><span class="pp-class-166 pa t41872 l41848">loan </span><span class="pp-class-166 pa t41872 l33156">- </span><span class="pp-class-166 pa t41872 l41849">ISIN </span><span class="pp-class-166 pa t41872 l41850">212542679</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41851"/><span class="pp-class-166 pa t41872 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41853"/><span class="pp-class-166 pa t41872 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41854"/><span class="pp-class-166 pa t41872 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41856">26/02/2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41861"/><span class="pp-class-166 pa t41872 l41862">1.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41859"/><span class="pp-class-166 pa t41872 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l3 ls189">Long-term </span><span class="pp-class-166 pa t41873 l36382 ls564">credit </span><span class="pp-class-166 pa t41873 l41874 ls377">facility </span><span class="pp-class-166 pa t41873 l27838">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41851"/><span class="pp-class-166 pa t41873 l41852">700 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41853"/><span class="pp-class-166 pa t41873 l37814">5,228 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41875"/><span class="pp-class-166 pa t41873 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41856">30/04/2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41861"/><span class="pp-class-166 pa t41873 l41862">1.3 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41859"/><span class="pp-class-166 pa t41873 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l3 ls704">Revolving </span><span class="pp-class-166 pa t41877 l10313 ls564">credit </span><span class="pp-class-166 pa t41877 l20623 ls377">facility </span><span class="pp-class-166 pa t41877 l5571">IV</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41878"/><span class="pp-class-166 pa t41877 l41879">75 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41880"/><span class="pp-class-166 pa t41877 l41881">560 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41875"/><span class="pp-class-166 pa t41877 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41856">31/01/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41861"/><span class="pp-class-166 pa t41877 l41862">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41882"/><span class="pp-class-166 pa t41877 l38253">560 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l3 ls704">Revolving </span><span class="pp-class-166 pa t41883 l10313 ls564">credit </span><span class="pp-class-166 pa t41883 l20623 ls377">facility </span><span class="pp-class-166 pa t41883 l5571">II</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41851"/><span class="pp-class-166 pa t41883 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41853"/><span class="pp-class-166 pa t41883 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41875"/><span class="pp-class-166 pa t41883 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41856">15/12/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41861"/><span class="pp-class-166 pa t41883 l41862">5.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41884"/><span class="pp-class-166 pa t41883 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l3 ls704">Revolving </span><span class="pp-class-166 pa t41885 l10313 ls564">credit </span><span class="pp-class-166 pa t41885 l20623 ls377">facility </span><span class="pp-class-166 pa t41885 l5571">III</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41851"/><span class="pp-class-166 pa t41885 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41853"/><span class="pp-class-166 pa t41885 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41875"/><span class="pp-class-166 pa t41885 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41856">14/12/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41861"/><span class="pp-class-166 pa t41885 l41862">5.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41884"/><span class="pp-class-166 pa t41885 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l3 ls704">Revolving </span><span class="pp-class-166 pa t41886 l10313 ls564">credit </span><span class="pp-class-166 pa t41886 l20623 ls377">facility </span><span class="pp-class-166 pa t41886 l5571">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41851"/><span class="pp-class-166 pa t41886 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41853"/><span class="pp-class-166 pa t41886 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41875"/><span class="pp-class-166 pa t41886 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41856">01/10/2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41861"/><span class="pp-class-166 pa t41886 l41862">3.8 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41884"/><span class="pp-class-166 pa t41886 l38235">1,462 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l3 ls704">Revolving </span><span class="pp-class-166 pa t41887 l10313 ls564">credit </span><span class="pp-class-166 pa t41887 l20623 ls377">facility </span><span class="pp-class-166 pa t41887 l5571">VI</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41851"/><span class="pp-class-166 pa t41887 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41853"/><span class="pp-class-166 pa t41887 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41875"/><span class="pp-class-166 pa t41887 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41856">28/07/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41861"/><span class="pp-class-166 pa t41887 l41862">2.6 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41884"/><span class="pp-class-166 pa t41887 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l3 ls704">Revolving </span><span class="pp-class-166 pa t41888 l10313 ls564">credit </span><span class="pp-class-166 pa t41888 l20623 ls377">facility </span><span class="pp-class-166 pa t41888 l5571">V</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41851"/><span class="pp-class-166 pa t41888 l41852">100 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41880"/><span class="pp-class-166 pa t41888 l41881">747 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41875"/><span class="pp-class-166 pa t41888 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41856">15/01/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41861"/><span class="pp-class-166 pa t41888 l41862">2.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41882"/><span class="pp-class-166 pa t41888 l38253">617 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t41889 l39979 ls377">facility </span><span class="pp-class-166 pa t41889 l41890">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41878"/><span class="pp-class-166 pa t41889 l41879">75 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41880"/><span class="pp-class-166 pa t41889 l41881">560 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41875"/><span class="pp-class-166 pa t41889 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41856">31/01/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41861"/><span class="pp-class-166 pa t41889 l41862">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41882"/><span class="pp-class-166 pa t41889 l38253">560 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41892"/><span class="pp-class-170 pa t41891 l41893 ls1866">8,700 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41894"/><span class="pp-class-170 pa t41891 l37834 ls1868">64,978 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41895"/><span class="pp-class-170 pa t41891 l41896 ls2307">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41897"/><span class="pp-class-170 pa t41891 l41898 ls1866">7,681 </span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4454" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41899 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls6928">Loan </span><span class="pp-class-170 pa t33226 l41833 ls172">facilities </span><span class="pp-class-166 pa t33226 l41900 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41901 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41902">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41903 ls3968">Carrying</span><span class="pp-class-166 pa t33226 l41835">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41904 ls2471">Fixed/floating </span><span class="pp-class-166 pa t33226 l41905 ls135">interest </span><span class="pp-class-166 pa t33226 l41906 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41907 ls3997">Expiry </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41908 ls3593">Carrying </span><span class="pp-class-166 pa t33226 l41909">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41910 ls2471">Fixed/floating </span><span class="pp-class-166 pa t33226 l41911 ls135">interest </span><span class="pp-class-166 pa t33226 l41912 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41913 ls3997">Expiry </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l3">Bond </span><span class="pp-class-166 pa t41914 l41848">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41915">60,928</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41916 ls239">Mainly </span><span class="pp-class-166 pa t41914 l41917 ls189">fixed</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41918">2026-2036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41919">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41910 ls492">Fixed/floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41920">2026-2036</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l3 ls564">Credit </span><span class="pp-class-166 pa t41921 l13330 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41868">5,448</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41922 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41918">2026-2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41923">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41924 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41920">2026-2029</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t41925 l39979 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41852">629</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41922 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41926">2026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41927">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41924 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l28847">2025</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l3 ls6928">Loan </span><span class="pp-class-170 pa t41928 l41833 ls172">facilities </span><span class="pp-class-170 pa t41928 l41900 ls1866">at </span><span class="pp-class-170 pa t41928 l41929 ls1866">31 </span><span class="pp-class-170 pa t41928 l38042 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l41930">67,005</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l41931">61,144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41932 l3 ls921">Non-current/current </span><span class="pp-class-172 pa t41932 l7094 ls461">classification:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l3 ls946">Non-current </span><span class="pp-class-166 pa t41933 l36824">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l41915">56,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l41919">60,852</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l3 ls1430">Current </span><span class="pp-class-166 pa t41934 l20615">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l41915">10,055</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l41927">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div> <div class="pp-class-4" id="pp-id-4444" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525">financial </span><span class="pp-class-166 pa t3330 l11352">liabilities </span><span class="pp-class-166 pa t3330 l664">of </span><span class="pp-class-166 pa t3330 l5458">the </span><span class="pp-class-166 pa t3330 l41527 ls497">Group </span><span class="pp-class-166 pa t3330 l5899 ls228">are </span><span class="pp-class-166 pa t3330 l13567">divided </span><span class="pp-class-166 pa t3330 l41528 ls1122">into </span><span class="pp-class-166 pa t3330 l41529 ls267">four </span><span class="pp-class-166 pa t3330 l41530">financing </span><span class="pp-class-166 pa t3330 l41531 ls4462">categories: </span><span class="pp-class-166 pa t3338 l3 ls2061">overdraft </span><span class="pp-class-166 pa t3338 l41532">and </span><span class="pp-class-166 pa t3338 l41533 ls564">credit </span><span class="pp-class-166 pa t3338 l1490 ls154">facilities, </span><span class="pp-class-166 pa t3338 l34683 ls239">issued </span><span class="pp-class-166 pa t3338 l41534">bonds, </span><span class="pp-class-166 pa t3338 l41535 ls101">lease </span><span class="pp-class-166 pa t3338 l19925">liabilities, </span><span class="pp-class-166 pa t3338 l41536">and </span><span class="pp-class-166 pa t3338 l21521 ls75">other </span><span class="pp-class-166 pa t3338 l41537 ls19737">non-</span><span class="pp-class-166 pa t3348 l3 ls702">current </span><span class="pp-class-166 pa t3348 l30365">financial </span><span class="pp-class-166 pa t3348 l2691">liabilities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t3373 l39979">and </span><span class="pp-class-166 pa t3373 l41538 ls564">credit </span><span class="pp-class-166 pa t3373 l41539 ls187">facilities </span><span class="pp-class-166 pa t3373 l41540 ls228">are </span><span class="pp-class-166 pa t3373 l41541">initially </span><span class="pp-class-166 pa t3373 l34156 ls564">recognised </span><span class="pp-class-166 pa t3373 l32959">at </span><span class="pp-class-166 pa t3373 l41542 ls2307">fair </span><span class="pp-class-166 pa t3373 l41543 ls101">value </span><span class="pp-class-166 pa t3373 l6219 ls234">net </span><span class="pp-class-166 pa t3373 l41544">of </span><span class="pp-class-166 pa t3373 l41545 ls1129">trans-</span><span class="pp-class-166 pa t3682 l3 ls1636">action </span><span class="pp-class-166 pa t3682 l41546 ls86">expenses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3387 l21599 ls2061">overdraft </span><span class="pp-class-166 pa t3387 l6214">and </span><span class="pp-class-166 pa t3387 l28910 ls564">credit </span><span class="pp-class-166 pa t3387 l33473 ls187">facilities </span><span class="pp-class-166 pa t3387 l41535 ls228">are </span><span class="pp-class-166 pa t3387 l41547 ls1528">measured </span><span class="pp-class-166 pa t3387 l41548">at </span><span class="pp-class-166 pa t3387 l41549 ls2179">amortised </span><span class="pp-class-166 pa t3387 l5710 ls3966">cost, </span><span class="pp-class-166 pa t3395 l3 ls5508">corresponding </span><span class="pp-class-166 pa t3395 l14462 ls135">to </span><span class="pp-class-166 pa t3395 l14463">the </span><span class="pp-class-166 pa t3395 l13613 ls1761">capitalised </span><span class="pp-class-166 pa t3395 l41550 ls101">value </span><span class="pp-class-166 pa t3395 l41551">using </span><span class="pp-class-166 pa t3395 l27936">the </span><span class="pp-class-166 pa t3395 l41552 ls1900">effective </span><span class="pp-class-166 pa t3395 l19481 ls135">interest </span><span class="pp-class-166 pa t3395 l5005 ls461">method, </span><span class="pp-class-166 pa t3395 l41553">so </span><span class="pp-class-166 pa t3406 l3">that </span><span class="pp-class-166 pa t3406 l3494">the </span><span class="pp-class-166 pa t3406 l41554 ls4013">difference </span><span class="pp-class-166 pa t3406 l41555 ls946">between </span><span class="pp-class-166 pa t3406 l36354">the </span><span class="pp-class-166 pa t3406 l41556 ls265">proceeds </span><span class="pp-class-166 pa t3406 l41557">and </span><span class="pp-class-166 pa t3406 l38547">the </span><span class="pp-class-166 pa t3406 l41558">nominal </span><span class="pp-class-166 pa t3406 l41559 ls101">value </span><span class="pp-class-166 pa t3406 l39167">is </span><span class="pp-class-166 pa t3406 l5952 ls564">recognised </span><span class="pp-class-166 pa t3722 l3">in </span><span class="pp-class-166 pa t3722 l1746">the </span><span class="pp-class-166 pa t3722 l1747 ls1122">statement </span><span class="pp-class-166 pa t3722 l41560">of </span><span class="pp-class-166 pa t3722 l41561 ls564">profit </span><span class="pp-class-166 pa t3722 l26273">or </span><span class="pp-class-166 pa t3722 l12494 ls48">loss </span><span class="pp-class-166 pa t3722 l41562 ls48">over </span><span class="pp-class-166 pa t3722 l41563">the </span><span class="pp-class-166 pa t3722 l18101 ls1122">term </span><span class="pp-class-166 pa t3722 l41564">of </span><span class="pp-class-166 pa t3722 l41565">the </span><span class="pp-class-166 pa t3722 l5462">loan. </span><span class="pp-class-166 pa t3722 l41566 ls75">Lease </span><span class="pp-class-166 pa t3722 l41567">liabilities </span><span class="pp-class-166 pa t3722 l27758 ls228">are </span><span class="pp-class-166 pa t3728 l3">described </span><span class="pp-class-166 pa t3728 l32931">in </span><span class="pp-class-166 pa t3728 l28708 ls2103">further </span><span class="pp-class-166 pa t3728 l41568 ls189">detail </span><span class="pp-class-166 pa t3728 l41569">in </span><span class="pp-class-171 pa t3728 l41570 ls73">note </span><span class="pp-class-171 pa t3728 l5460">3.6</span><span class="pp-class-166 pa t3728 l31376">.</span></p></div></div><div class="pp-class-4" id="pp-id-4445" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41571 pa t2 l3 wtro4 xx23275 tro6 xx23276"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41572 l3">Other </span><span class="pp-class-166 pa t41572 l4385">liabilities </span><span class="pp-class-166 pa t41572 l41573 ls228">are </span><span class="pp-class-166 pa t41572 l34201 ls1528">measured </span><span class="pp-class-166 pa t41572 l28378">at </span><span class="pp-class-166 pa t41572 l25923 ls2179">amortised </span><span class="pp-class-166 pa t41572 l41574 ls3966">cost, </span><span class="pp-class-166 pa t41572 l28711">which </span><span class="pp-class-166 pa t41572 l39821">does </span><span class="pp-class-166 pa t41572 l41575 ls1528">not </span><span class="pp-class-166 pa t41572 l41576 ls189">differ </span><span class="pp-class-166 pa t41572 l41577">signifi-</span><span class="pp-class-166 pa t41578 l3 ls93">cantly </span><span class="pp-class-166 pa t41578 l12963 ls267">from </span><span class="pp-class-166 pa t41578 l30712">the </span><span class="pp-class-166 pa t41578 l41579 ls234">net </span><span class="pp-class-166 pa t41578 l41580 ls2476">realisable </span><span class="pp-class-166 pa t41578 l712 ls101">value.</span></p></div></div> <div class="pp-class-4" id="pp-id-4444" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525">financial </span><span class="pp-class-166 pa t3330 l11352">liabilities </span><span class="pp-class-166 pa t3330 l664">of </span><span class="pp-class-166 pa t3330 l5458">the </span><span class="pp-class-166 pa t3330 l41527 ls497">Group </span><span class="pp-class-166 pa t3330 l5899 ls228">are </span><span class="pp-class-166 pa t3330 l13567">divided </span><span class="pp-class-166 pa t3330 l41528 ls1122">into </span><span class="pp-class-166 pa t3330 l41529 ls267">four </span><span class="pp-class-166 pa t3330 l41530">financing </span><span class="pp-class-166 pa t3330 l41531 ls4462">categories: </span><span class="pp-class-166 pa t3338 l3 ls2061">overdraft </span><span class="pp-class-166 pa t3338 l41532">and </span><span class="pp-class-166 pa t3338 l41533 ls564">credit </span><span class="pp-class-166 pa t3338 l1490 ls154">facilities, </span><span class="pp-class-166 pa t3338 l34683 ls239">issued </span><span class="pp-class-166 pa t3338 l41534">bonds, </span><span class="pp-class-166 pa t3338 l41535 ls101">lease </span><span class="pp-class-166 pa t3338 l19925">liabilities, </span><span class="pp-class-166 pa t3338 l41536">and </span><span class="pp-class-166 pa t3338 l21521 ls75">other </span><span class="pp-class-166 pa t3338 l41537 ls19737">non-</span><span class="pp-class-166 pa t3348 l3 ls702">current </span><span class="pp-class-166 pa t3348 l30365">financial </span><span class="pp-class-166 pa t3348 l2691">liabilities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t3373 l39979">and </span><span class="pp-class-166 pa t3373 l41538 ls564">credit </span><span class="pp-class-166 pa t3373 l41539 ls187">facilities </span><span class="pp-class-166 pa t3373 l41540 ls228">are </span><span class="pp-class-166 pa t3373 l41541">initially </span><span class="pp-class-166 pa t3373 l34156 ls564">recognised </span><span class="pp-class-166 pa t3373 l32959">at </span><span class="pp-class-166 pa t3373 l41542 ls2307">fair </span><span class="pp-class-166 pa t3373 l41543 ls101">value </span><span class="pp-class-166 pa t3373 l6219 ls234">net </span><span class="pp-class-166 pa t3373 l41544">of </span><span class="pp-class-166 pa t3373 l41545 ls1129">trans-</span><span class="pp-class-166 pa t3682 l3 ls1636">action </span><span class="pp-class-166 pa t3682 l41546 ls86">expenses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3387 l21599 ls2061">overdraft </span><span class="pp-class-166 pa t3387 l6214">and </span><span class="pp-class-166 pa t3387 l28910 ls564">credit </span><span class="pp-class-166 pa t3387 l33473 ls187">facilities </span><span class="pp-class-166 pa t3387 l41535 ls228">are </span><span class="pp-class-166 pa t3387 l41547 ls1528">measured </span><span class="pp-class-166 pa t3387 l41548">at </span><span class="pp-class-166 pa t3387 l41549 ls2179">amortised </span><span class="pp-class-166 pa t3387 l5710 ls3966">cost, </span><span class="pp-class-166 pa t3395 l3 ls5508">corresponding </span><span class="pp-class-166 pa t3395 l14462 ls135">to </span><span class="pp-class-166 pa t3395 l14463">the </span><span class="pp-class-166 pa t3395 l13613 ls1761">capitalised </span><span class="pp-class-166 pa t3395 l41550 ls101">value </span><span class="pp-class-166 pa t3395 l41551">using </span><span class="pp-class-166 pa t3395 l27936">the </span><span class="pp-class-166 pa t3395 l41552 ls1900">effective </span><span class="pp-class-166 pa t3395 l19481 ls135">interest </span><span class="pp-class-166 pa t3395 l5005 ls461">method, </span><span class="pp-class-166 pa t3395 l41553">so </span><span class="pp-class-166 pa t3406 l3">that </span><span class="pp-class-166 pa t3406 l3494">the </span><span class="pp-class-166 pa t3406 l41554 ls4013">difference </span><span class="pp-class-166 pa t3406 l41555 ls946">between </span><span class="pp-class-166 pa t3406 l36354">the </span><span class="pp-class-166 pa t3406 l41556 ls265">proceeds </span><span class="pp-class-166 pa t3406 l41557">and </span><span class="pp-class-166 pa t3406 l38547">the </span><span class="pp-class-166 pa t3406 l41558">nominal </span><span class="pp-class-166 pa t3406 l41559 ls101">value </span><span class="pp-class-166 pa t3406 l39167">is </span><span class="pp-class-166 pa t3406 l5952 ls564">recognised </span><span class="pp-class-166 pa t3722 l3">in </span><span class="pp-class-166 pa t3722 l1746">the </span><span class="pp-class-166 pa t3722 l1747 ls1122">statement </span><span class="pp-class-166 pa t3722 l41560">of </span><span class="pp-class-166 pa t3722 l41561 ls564">profit </span><span class="pp-class-166 pa t3722 l26273">or </span><span class="pp-class-166 pa t3722 l12494 ls48">loss </span><span class="pp-class-166 pa t3722 l41562 ls48">over </span><span class="pp-class-166 pa t3722 l41563">the </span><span class="pp-class-166 pa t3722 l18101 ls1122">term </span><span class="pp-class-166 pa t3722 l41564">of </span><span class="pp-class-166 pa t3722 l41565">the </span><span class="pp-class-166 pa t3722 l5462">loan. </span><span class="pp-class-166 pa t3722 l41566 ls75">Lease </span><span class="pp-class-166 pa t3722 l41567">liabilities </span><span class="pp-class-166 pa t3722 l27758 ls228">are </span><span class="pp-class-166 pa t3728 l3">described </span><span class="pp-class-166 pa t3728 l32931">in </span><span class="pp-class-166 pa t3728 l28708 ls2103">further </span><span class="pp-class-166 pa t3728 l41568 ls189">detail </span><span class="pp-class-166 pa t3728 l41569">in </span><span class="pp-class-171 pa t3728 l41570 ls73">note </span><span class="pp-class-171 pa t3728 l5460">3.6</span><span class="pp-class-166 pa t3728 l31376">.</span></p></div></div><div class="pp-class-4" id="pp-id-4445" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41571 pa t2 l3 wtro4 xx23275 tro6 xx23276"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41572 l3">Other </span><span class="pp-class-166 pa t41572 l4385">liabilities </span><span class="pp-class-166 pa t41572 l41573 ls228">are </span><span class="pp-class-166 pa t41572 l34201 ls1528">measured </span><span class="pp-class-166 pa t41572 l28378">at </span><span class="pp-class-166 pa t41572 l25923 ls2179">amortised </span><span class="pp-class-166 pa t41572 l41574 ls3966">cost, </span><span class="pp-class-166 pa t41572 l28711">which </span><span class="pp-class-166 pa t41572 l39821">does </span><span class="pp-class-166 pa t41572 l41575 ls1528">not </span><span class="pp-class-166 pa t41572 l41576 ls189">differ </span><span class="pp-class-166 pa t41572 l41577">signifi-</span><span class="pp-class-166 pa t41578 l3 ls93">cantly </span><span class="pp-class-166 pa t41578 l12963 ls267">from </span><span class="pp-class-166 pa t41578 l30712">the </span><span class="pp-class-166 pa t41578 l41579 ls234">net </span><span class="pp-class-166 pa t41578 l41580 ls2476">realisable </span><span class="pp-class-166 pa t41578 l712 ls101">value.</span></p></div></div> <div class="pp-class-4" id="pp-id-4444" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls5287">Accounting </span><span class="pp-class-170 pa t3624 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">The </span><span class="pp-class-166 pa t3330 l1525">financial </span><span class="pp-class-166 pa t3330 l11352">liabilities </span><span class="pp-class-166 pa t3330 l664">of </span><span class="pp-class-166 pa t3330 l5458">the </span><span class="pp-class-166 pa t3330 l41527 ls497">Group </span><span class="pp-class-166 pa t3330 l5899 ls228">are </span><span class="pp-class-166 pa t3330 l13567">divided </span><span class="pp-class-166 pa t3330 l41528 ls1122">into </span><span class="pp-class-166 pa t3330 l41529 ls267">four </span><span class="pp-class-166 pa t3330 l41530">financing </span><span class="pp-class-166 pa t3330 l41531 ls4462">categories: </span><span class="pp-class-166 pa t3338 l3 ls2061">overdraft </span><span class="pp-class-166 pa t3338 l41532">and </span><span class="pp-class-166 pa t3338 l41533 ls564">credit </span><span class="pp-class-166 pa t3338 l1490 ls154">facilities, </span><span class="pp-class-166 pa t3338 l34683 ls239">issued </span><span class="pp-class-166 pa t3338 l41534">bonds, </span><span class="pp-class-166 pa t3338 l41535 ls101">lease </span><span class="pp-class-166 pa t3338 l19925">liabilities, </span><span class="pp-class-166 pa t3338 l41536">and </span><span class="pp-class-166 pa t3338 l21521 ls75">other </span><span class="pp-class-166 pa t3338 l41537 ls19737">non-</span><span class="pp-class-166 pa t3348 l3 ls702">current </span><span class="pp-class-166 pa t3348 l30365">financial </span><span class="pp-class-166 pa t3348 l2691">liabilities.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3373 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t3373 l39979">and </span><span class="pp-class-166 pa t3373 l41538 ls564">credit </span><span class="pp-class-166 pa t3373 l41539 ls187">facilities </span><span class="pp-class-166 pa t3373 l41540 ls228">are </span><span class="pp-class-166 pa t3373 l41541">initially </span><span class="pp-class-166 pa t3373 l34156 ls564">recognised </span><span class="pp-class-166 pa t3373 l32959">at </span><span class="pp-class-166 pa t3373 l41542 ls2307">fair </span><span class="pp-class-166 pa t3373 l41543 ls101">value </span><span class="pp-class-166 pa t3373 l6219 ls234">net </span><span class="pp-class-166 pa t3373 l41544">of </span><span class="pp-class-166 pa t3373 l41545 ls1129">trans-</span><span class="pp-class-166 pa t3682 l3 ls1636">action </span><span class="pp-class-166 pa t3682 l41546 ls86">expenses. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3387 l3 ls1575">Subsequently, </span><span class="pp-class-166 pa t3387 l21599 ls2061">overdraft </span><span class="pp-class-166 pa t3387 l6214">and </span><span class="pp-class-166 pa t3387 l28910 ls564">credit </span><span class="pp-class-166 pa t3387 l33473 ls187">facilities </span><span class="pp-class-166 pa t3387 l41535 ls228">are </span><span class="pp-class-166 pa t3387 l41547 ls1528">measured </span><span class="pp-class-166 pa t3387 l41548">at </span><span class="pp-class-166 pa t3387 l41549 ls2179">amortised </span><span class="pp-class-166 pa t3387 l5710 ls3966">cost, </span><span class="pp-class-166 pa t3395 l3 ls5508">corresponding </span><span class="pp-class-166 pa t3395 l14462 ls135">to </span><span class="pp-class-166 pa t3395 l14463">the </span><span class="pp-class-166 pa t3395 l13613 ls1761">capitalised </span><span class="pp-class-166 pa t3395 l41550 ls101">value </span><span class="pp-class-166 pa t3395 l41551">using </span><span class="pp-class-166 pa t3395 l27936">the </span><span class="pp-class-166 pa t3395 l41552 ls1900">effective </span><span class="pp-class-166 pa t3395 l19481 ls135">interest </span><span class="pp-class-166 pa t3395 l5005 ls461">method, </span><span class="pp-class-166 pa t3395 l41553">so </span><span class="pp-class-166 pa t3406 l3">that </span><span class="pp-class-166 pa t3406 l3494">the </span><span class="pp-class-166 pa t3406 l41554 ls4013">difference </span><span class="pp-class-166 pa t3406 l41555 ls946">between </span><span class="pp-class-166 pa t3406 l36354">the </span><span class="pp-class-166 pa t3406 l41556 ls265">proceeds </span><span class="pp-class-166 pa t3406 l41557">and </span><span class="pp-class-166 pa t3406 l38547">the </span><span class="pp-class-166 pa t3406 l41558">nominal </span><span class="pp-class-166 pa t3406 l41559 ls101">value </span><span class="pp-class-166 pa t3406 l39167">is </span><span class="pp-class-166 pa t3406 l5952 ls564">recognised </span><span class="pp-class-166 pa t3722 l3">in </span><span class="pp-class-166 pa t3722 l1746">the </span><span class="pp-class-166 pa t3722 l1747 ls1122">statement </span><span class="pp-class-166 pa t3722 l41560">of </span><span class="pp-class-166 pa t3722 l41561 ls564">profit </span><span class="pp-class-166 pa t3722 l26273">or </span><span class="pp-class-166 pa t3722 l12494 ls48">loss </span><span class="pp-class-166 pa t3722 l41562 ls48">over </span><span class="pp-class-166 pa t3722 l41563">the </span><span class="pp-class-166 pa t3722 l18101 ls1122">term </span><span class="pp-class-166 pa t3722 l41564">of </span><span class="pp-class-166 pa t3722 l41565">the </span><span class="pp-class-166 pa t3722 l5462">loan. </span><span class="pp-class-166 pa t3722 l41566 ls75">Lease </span><span class="pp-class-166 pa t3722 l41567">liabilities </span><span class="pp-class-166 pa t3722 l27758 ls228">are </span><span class="pp-class-166 pa t3728 l3">described </span><span class="pp-class-166 pa t3728 l32931">in </span><span class="pp-class-166 pa t3728 l28708 ls2103">further </span><span class="pp-class-166 pa t3728 l41568 ls189">detail </span><span class="pp-class-166 pa t3728 l41569">in </span><span class="pp-class-171 pa t3728 l41570 ls73">note </span><span class="pp-class-171 pa t3728 l5460">3.6</span><span class="pp-class-166 pa t3728 l31376">.</span></p></div></div><div class="pp-class-4" id="pp-id-4445" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41571 pa t2 l3 wtro4 xx23275 tro6 xx23276"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41572 l3">Other </span><span class="pp-class-166 pa t41572 l4385">liabilities </span><span class="pp-class-166 pa t41572 l41573 ls228">are </span><span class="pp-class-166 pa t41572 l34201 ls1528">measured </span><span class="pp-class-166 pa t41572 l28378">at </span><span class="pp-class-166 pa t41572 l25923 ls2179">amortised </span><span class="pp-class-166 pa t41572 l41574 ls3966">cost, </span><span class="pp-class-166 pa t41572 l28711">which </span><span class="pp-class-166 pa t41572 l39821">does </span><span class="pp-class-166 pa t41572 l41575 ls1528">not </span><span class="pp-class-166 pa t41572 l41576 ls189">differ </span><span class="pp-class-166 pa t41572 l41577">signifi-</span><span class="pp-class-166 pa t41578 l3 ls93">cantly </span><span class="pp-class-166 pa t41578 l12963 ls267">from </span><span class="pp-class-166 pa t41578 l30712">the </span><span class="pp-class-166 pa t41578 l41579 ls234">net </span><span class="pp-class-166 pa t41578 l41580 ls2476">realisable </span><span class="pp-class-166 pa t41578 l712 ls101">value.</span></p></div></div> <div class="pp-class-4" id="pp-id-4450" xmlns="http://www.w3.org/1999/xhtml"><div class="w41647 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.5 </span><span class="pp-class-169 pa t254 l37093 ls21822">Financial </span><span class="pp-class-169 pa t254 l38261 ls22780">risks</span></p></div></div><div class="pp-class-4" id="pp-id-4451" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41648 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41651 l3 ls78">Liquidity </span><span class="pp-class-170 pa t41651 l41652">risk </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41653 l3">The </span><span class="pp-class-166 pa t41653 l1525 ls923">cash </span><span class="pp-class-166 pa t41653 l41654 ls495">readiness </span><span class="pp-class-166 pa t41653 l31516">of </span><span class="pp-class-166 pa t41653 l28610">the </span><span class="pp-class-166 pa t41653 l41655 ls497">Group </span><span class="pp-class-166 pa t41653 l29096">is </span><span class="pp-class-166 pa t41653 l23673 ls856">ensured </span><span class="pp-class-166 pa t41653 l41656 ls856">through </span><span class="pp-class-166 pa t41653 l41657 ls2030">short </span><span class="pp-class-166 pa t41653 l41658">and </span><span class="pp-class-166 pa t41653 l41659 ls1428">long-term </span><span class="pp-class-166 pa t41653 l41660 ls172">credit </span><span class="pp-class-166 pa t41661 l3 ls2668">facilities </span><span class="pp-class-166 pa t41661 l1930 ls2353">from </span><span class="pp-class-166 pa t41661 l41662 ls1853">the </span><span class="pp-class-166 pa t41661 l7093 ls2690">main </span><span class="pp-class-166 pa t41661 l33168 ls7427">banks </span><span class="pp-class-166 pa t41661 l41663 ls1866">of </span><span class="pp-class-166 pa t41661 l41664 ls1853">the </span><span class="pp-class-166 pa t41661 l41665 ls2247">Group </span><span class="pp-class-166 pa t41661 l5040 ls1853">and </span><span class="pp-class-166 pa t41661 l41666 ls4132">through </span><span class="pp-class-166 pa t41661 l41667 ls1853">the </span><span class="pp-class-166 pa t41661 l41668 ls2313">issuance </span><span class="pp-class-166 pa t41661 l39202">of </span><span class="pp-class-166 pa t41661 l3799">bonds. </span><span class="pp-class-166 pa t41669 l3">The </span><span class="pp-class-166 pa t41669 l1525">purpose </span><span class="pp-class-166 pa t41669 l5981">of </span><span class="pp-class-166 pa t41669 l41670 ls455">issuing </span><span class="pp-class-166 pa t41669 l41671">bond </span><span class="pp-class-166 pa t41669 l36954">loans </span><span class="pp-class-166 pa t41669 l41672">is </span><span class="pp-class-166 pa t41669 l41673 ls135">to </span><span class="pp-class-166 pa t41669 l11122 ls4081">diversify </span><span class="pp-class-166 pa t41669 l41674">the </span><span class="pp-class-166 pa t41669 l28619 ls1165">Group’s </span><span class="pp-class-166 pa t41669 l41675 ls1428">long-term </span><span class="pp-class-166 pa t41669 l41676 ls4153">debt, </span><span class="pp-class-166 pa t41677 l3">making </span><span class="pp-class-166 pa t41677 l20839">the </span><span class="pp-class-166 pa t41677 l41678 ls497">Group </span><span class="pp-class-166 pa t41677 l11118 ls48">less </span><span class="pp-class-166 pa t41677 l23790">dependent </span><span class="pp-class-166 pa t41677 l2058">on </span><span class="pp-class-166 pa t41677 l41679">bank </span><span class="pp-class-166 pa t41677 l1887">loans. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41680 l3">The </span><span class="pp-class-166 pa t41680 l1525 ls1165">Group’s </span><span class="pp-class-166 pa t41680 l41681">bond </span><span class="pp-class-166 pa t41680 l22424">loans, </span><span class="pp-class-166 pa t41680 l10324 ls564">credit </span><span class="pp-class-166 pa t41680 l41682">and </span><span class="pp-class-166 pa t41680 l40116 ls2061">overdraft </span><span class="pp-class-166 pa t41680 l41683 ls187">facilities </span><span class="pp-class-166 pa t41680 l41684 ls228">are </span><span class="pp-class-166 pa t41680 l41685 ls4267">subject </span><span class="pp-class-166 pa t41680 l41686 ls135">to </span><span class="pp-class-166 pa t41680 l20868 ls265">standard </span><span class="pp-class-166 pa t41687 l3">clauses, </span><span class="pp-class-166 pa t41687 l41688 ls1866">according </span><span class="pp-class-166 pa t41687 l20914 ls135">to </span><span class="pp-class-166 pa t41687 l32515">which </span><span class="pp-class-166 pa t41687 l31332">the </span><span class="pp-class-166 pa t41687 l41689 ls1165">Group’s </span><span class="pp-class-166 pa t41687 l41690 ls923">debt </span><span class="pp-class-166 pa t41687 l10850 ls461">must </span><span class="pp-class-166 pa t41687 l41691">be </span><span class="pp-class-166 pa t41687 l33333 ls564">repaid </span><span class="pp-class-166 pa t41687 l41692">in </span><span class="pp-class-166 pa t41687 l41693 ls923">case </span><span class="pp-class-166 pa t41687 l30745">of </span><span class="pp-class-166 pa t41687 l12737">a </span><span class="pp-class-166 pa t41687 l41694">change </span><span class="pp-class-166 pa t41695 l3">of </span><span class="pp-class-166 pa t41695 l2457 ls265">control. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41696 l3 ls1853">The </span><span class="pp-class-166 pa t41696 l1942 ls2267">total </span><span class="pp-class-166 pa t41696 l34532 ls191">duration </span><span class="pp-class-166 pa t41696 l41697 ls1866">of </span><span class="pp-class-166 pa t41696 l26917 ls1853">the </span><span class="pp-class-166 pa t41696 l37707 ls16387">Group’s </span><span class="pp-class-166 pa t41696 l41698 ls2487">long-term </span><span class="pp-class-166 pa t41696 l41699 ls2690">loan </span><span class="pp-class-166 pa t41696 l41700 ls1851">commitments </span><span class="pp-class-166 pa t41696 l41701 ls1853">and </span><span class="pp-class-166 pa t41696 l41702 ls1853">the </span><span class="pp-class-166 pa t41696 l41703 ls6928">undrawn </span><span class="pp-class-166 pa t41704 l3">amounts </span><span class="pp-class-166 pa t41704 l9486">on </span><span class="pp-class-166 pa t41704 l41705">our </span><span class="pp-class-166 pa t41704 l41706 ls564">credit </span><span class="pp-class-166 pa t41704 l19231">lines </span><span class="pp-class-166 pa t41704 l41707">at </span><span class="pp-class-166 pa t41704 l29158">31 </span><span class="pp-class-166 pa t41704 l41708 ls234">December </span><span class="pp-class-166 pa t41704 l19442">2025 </span><span class="pp-class-166 pa t41704 l41709 ls228">are </span><span class="pp-class-166 pa t41704 l39821 ls702">presented </span><span class="pp-class-166 pa t41704 l37794">in </span><span class="pp-class-166 pa t41704 l27863">the </span><span class="pp-class-166 pa t41704 l41710 ls135">accom-</span><span class="pp-class-166 pa t41711 l3">panying </span><span class="pp-class-166 pa t41711 l32352 ls1849">table. </span><span class="pp-class-166 pa t41711 l29095">The </span><span class="pp-class-166 pa t41711 l33706 ls1740">weighted </span><span class="pp-class-166 pa t41711 l7228 ls740">duration </span><span class="pp-class-166 pa t41711 l41712">of </span><span class="pp-class-166 pa t41711 l34564">the </span><span class="pp-class-166 pa t41711 l41713 ls1165">Group’s </span><span class="pp-class-166 pa t41711 l41714 ls1129">drawn </span><span class="pp-class-166 pa t41711 l41715 ls1428">long-term </span><span class="pp-class-166 pa t41711 l41716">loan </span><span class="pp-class-166 pa t41717 l3 ls187">facilities </span><span class="pp-class-166 pa t41717 l10844 ls1528">was </span><span class="pp-class-166 pa t41717 l11384">5.1 </span><span class="pp-class-166 pa t41717 l11385 ls101">years </span><span class="pp-class-166 pa t41717 l11386">at </span><span class="pp-class-166 pa t41717 l41718">31 </span><span class="pp-class-166 pa t41717 l5319 ls234">December </span><span class="pp-class-166 pa t41717 l41719">2025. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41720 l3 ls1761">Furthermore, </span><span class="pp-class-166 pa t41720 l26894">a </span><span class="pp-class-166 pa t41720 l41721 ls1617">maturity </span><span class="pp-class-166 pa t41720 l41722 ls2179">analysis </span><span class="pp-class-166 pa t41720 l30535">has </span><span class="pp-class-166 pa t41720 l31603">been </span><span class="pp-class-166 pa t41720 l41723 ls66">provided </span><span class="pp-class-166 pa t41720 l41724">based </span><span class="pp-class-166 pa t41720 l41725">on </span><span class="pp-class-166 pa t41720 l7022 ls4053">contractual </span><span class="pp-class-166 pa t41720 l41726 ls923">cash </span><span class="pp-class-166 pa t41727 l3">flows, </span><span class="pp-class-166 pa t41727 l20688">including </span><span class="pp-class-166 pa t41727 l5801 ls1217">estimated </span><span class="pp-class-166 pa t41727 l11170 ls135">interest </span><span class="pp-class-166 pa t41727 l41728">payments. </span><span class="pp-class-166 pa t41727 l41729">The </span><span class="pp-class-166 pa t41727 l41730">amounts </span><span class="pp-class-166 pa t41727 l41731 ls48">have </span><span class="pp-class-166 pa t41727 l41732 ls1528">not </span><span class="pp-class-166 pa t41727 l41733">been </span><span class="pp-class-166 pa t41734 l3 ls946">discounted </span><span class="pp-class-166 pa t41734 l20993">and </span><span class="pp-class-166 pa t41734 l41735">as </span><span class="pp-class-166 pa t41734 l41736">such </span><span class="pp-class-166 pa t41734 l41737">do </span><span class="pp-class-166 pa t41734 l8722 ls1528">not </span><span class="pp-class-166 pa t41734 l41738 ls702">reconcile </span><span class="pp-class-166 pa t41734 l7114 ls461">directly </span><span class="pp-class-166 pa t41734 l41739 ls135">to </span><span class="pp-class-166 pa t41734 l41740">the </span><span class="pp-class-166 pa t41734 l41741 ls1122">statement </span><span class="pp-class-166 pa t41734 l41742">of </span><span class="pp-class-166 pa t41734 l27085">financial </span><span class="pp-class-166 pa t41743 l3">position.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41744 l3">Supplier </span><span class="pp-class-172 pa t41744 l41745 ls75">finance </span><span class="pp-class-172 pa t41744 l31913 ls826">arrangements </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41746 l3">DSV </span><span class="pp-class-166 pa t41746 l202 ls2236">facilitates </span><span class="pp-class-166 pa t41746 l41747 ls923">immaterial </span><span class="pp-class-166 pa t41746 l36962">supplier </span><span class="pp-class-166 pa t41746 l41748 ls187">finance </span><span class="pp-class-166 pa t41746 l12403 ls2022">arrangements </span><span class="pp-class-166 pa t41746 l41749 ls702">presented </span><span class="pp-class-166 pa t41746 l23302">within </span><span class="pp-class-166 pa t41750 l3 ls1129">trade </span><span class="pp-class-166 pa t41750 l2858 ls394">payables. </span><span class="pp-class-166 pa t41750 l10448">These </span><span class="pp-class-166 pa t41750 l22275 ls2022">arrangements </span><span class="pp-class-166 pa t41750 l41751 ls48">have </span><span class="pp-class-166 pa t41750 l10347">no </span><span class="pp-class-166 pa t41750 l41752 ls226">significant </span><span class="pp-class-166 pa t41750 l41753 ls1636">impact </span><span class="pp-class-166 pa t41750 l41754">on </span><span class="pp-class-166 pa t41750 l41755">the </span><span class="pp-class-166 pa t41750 l41756 ls1165">Group’s </span><span class="pp-class-166 pa t41757 l3 ls1732">liquidity </span><span class="pp-class-166 pa t41757 l21591 ls16227">risk. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41758 l3 ls218">Foreign </span><span class="pp-class-170 pa t41758 l6521 ls377">currency </span><span class="pp-class-170 pa t41758 l30653">risk</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41759 l3">Due </span><span class="pp-class-166 pa t41759 l8994 ls135">to </span><span class="pp-class-166 pa t41759 l8995">its </span><span class="pp-class-166 pa t41759 l6233">global </span><span class="pp-class-166 pa t41759 l41760 ls1625">activities, </span><span class="pp-class-166 pa t41759 l41761">the </span><span class="pp-class-166 pa t41759 l41762 ls497">Group </span><span class="pp-class-166 pa t41759 l41763">is </span><span class="pp-class-166 pa t41759 l41764 ls135">to </span><span class="pp-class-166 pa t41759 l10925">some </span><span class="pp-class-166 pa t41759 l22025 ls564">degree </span><span class="pp-class-166 pa t41759 l41765 ls1849">exposed </span><span class="pp-class-166 pa t41759 l41766 ls135">to </span><span class="pp-class-166 pa t41759 l7464 ls851">exchange </span><span class="pp-class-166 pa t41767 l3 ls5905">rate </span><span class="pp-class-166 pa t41767 l41768 ls457">fluctuations. </span><span class="pp-class-166 pa t41767 l40057">DSV </span><span class="pp-class-166 pa t41767 l32339 ls1831">seeks </span><span class="pp-class-166 pa t41767 l41769 ls135">to </span><span class="pp-class-166 pa t41767 l41770 ls1428">eliminate </span><span class="pp-class-166 pa t41767 l41771 ls228">foreign </span><span class="pp-class-166 pa t41767 l41772 ls1849">currency </span><span class="pp-class-166 pa t41767 l41773 ls1831">risks </span><span class="pp-class-166 pa t41767 l41774">by </span><span class="pp-class-166 pa t41767 l41775">hedging </span><span class="pp-class-166 pa t41767 l41776 ls4372">cur-</span><span class="pp-class-166 pa t41777 l3 ls2487">rency </span><span class="pp-class-166 pa t41777 l1276 ls7096">exposures </span><span class="pp-class-166 pa t41777 l41778 ls6530">centrally </span><span class="pp-class-166 pa t41777 l41779 ls1853">via </span><span class="pp-class-166 pa t41777 l30202 ls1853">the </span><span class="pp-class-166 pa t41777 l9261 ls16387">Group’s </span><span class="pp-class-166 pa t41777 l39463 ls2168">Treasury </span><span class="pp-class-166 pa t41777 l41780 ls152">department. </span><span class="pp-class-166 pa t41777 l5504 ls1853">The </span><span class="pp-class-166 pa t41777 l41781 ls2690">risk </span><span class="pp-class-166 pa t41777 l41782 ls2315">exposure </span><span class="pp-class-166 pa t41783 l3 ls1866">is </span><span class="pp-class-166 pa t41783 l41784 ls2660">managed </span><span class="pp-class-166 pa t41783 l41785 ls1866">on </span><span class="pp-class-166 pa t41783 l4519 ls2307">a </span><span class="pp-class-166 pa t41783 l41786 ls2349">net </span><span class="pp-class-166 pa t41783 l41787 ls1858">basis, </span><span class="pp-class-166 pa t41783 l39953 ls115">primarily </span><span class="pp-class-166 pa t41783 l41788 ls1866">by </span><span class="pp-class-166 pa t41783 l41789 ls2688">using </span><span class="pp-class-166 pa t41783 l41790 ls2245">foreign </span><span class="pp-class-166 pa t41783 l41791 ls1855">exchange </span><span class="pp-class-166 pa t41783 l41792 ls2263">forward </span><span class="pp-class-166 pa t41783 l41793 ls6351">contracts. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41794 l3">The </span><span class="pp-class-166 pa t41794 l1525 ls1165">Group’s </span><span class="pp-class-166 pa t41794 l41681 ls228">foreign </span><span class="pp-class-166 pa t41794 l41795">subsidiaries </span><span class="pp-class-166 pa t41794 l26462 ls228">are </span><span class="pp-class-166 pa t41794 l23961 ls1528">not </span><span class="pp-class-166 pa t41794 l41796 ls1849">affected </span><span class="pp-class-166 pa t41794 l20221 ls497">where </span><span class="pp-class-166 pa t41794 l36702 ls59">trading </span><span class="pp-class-166 pa t41794 l41797 ls740">income </span><span class="pp-class-166 pa t41794 l41798">and </span><span class="pp-class-166 pa t41799 l3 ls1129">costs </span><span class="pp-class-166 pa t41799 l37981 ls228">are </span><span class="pp-class-166 pa t41799 l13295 ls86">denominated </span><span class="pp-class-166 pa t41799 l41800">in </span><span class="pp-class-166 pa t41799 l41801">the </span><span class="pp-class-166 pa t41799 l41802 ls1575">local </span><span class="pp-class-166 pa t41799 l41803 ls3593">functional </span><span class="pp-class-166 pa t41799 l14964 ls614">currency. </span><span class="pp-class-166 pa t41799 l36197">This </span><span class="pp-class-166 pa t41799 l36606">applies </span><span class="pp-class-166 pa t41799 l41804 ls135">to </span><span class="pp-class-166 pa t41799 l41805">a </span><span class="pp-class-166 pa t41799 l41806 ls497">large </span><span class="pp-class-166 pa t41807 l3 ls2390">part </span><span class="pp-class-166 pa t41807 l41808">of </span><span class="pp-class-166 pa t41807 l22020">the </span><span class="pp-class-166 pa t41807 l39615 ls1165">Group’s </span><span class="pp-class-166 pa t41807 l41809">subsidiaries. </span><span class="pp-class-166 pa t41807 l41810 ls1761">Furthermore, </span><span class="pp-class-166 pa t41807 l41068">a </span><span class="pp-class-166 pa t41807 l119 ls497">large </span><span class="pp-class-166 pa t41807 l35885 ls923">proportion </span><span class="pp-class-166 pa t41807 l41811">of </span><span class="pp-class-166 pa t41807 l41812">the </span><span class="pp-class-166 pa t41807 l41813 ls740">income </span><span class="pp-class-166 pa t41814 l3">and </span><span class="pp-class-166 pa t41814 l1192 ls1683">expenses </span><span class="pp-class-166 pa t41814 l41815">of </span><span class="pp-class-166 pa t41814 l41816">the </span><span class="pp-class-166 pa t41814 l32663 ls497">Group </span><span class="pp-class-166 pa t41814 l32572 ls228">are </span><span class="pp-class-166 pa t41814 l31247 ls86">denominated </span><span class="pp-class-166 pa t41814 l41817">in </span><span class="pp-class-166 pa t41814 l34344 ls2628">EUR, </span><span class="pp-class-166 pa t41814 l22026">and </span><span class="pp-class-166 pa t41814 l41818">the </span><span class="pp-class-166 pa t41814 l41819 ls169">total </span><span class="pp-class-166 pa t41814 l12271 ls228">foreign </span><span class="pp-class-166 pa t41820 l3 ls1849">currency </span><span class="pp-class-166 pa t41820 l36591">risk </span><span class="pp-class-166 pa t41820 l12317">is </span><span class="pp-class-166 pa t41820 l36799 ls96">therefore </span><span class="pp-class-166 pa t41820 l41821 ls187">limited.</span></p></div></div><div id="pp-id-4452" xmlns="http://www.w3.org/1999/xhtml"><div class="w41822 h41823 pa t2 l3 wtro4 xx41824 tro6 xx41825"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t41826 l3 ls556">Commitments </span><span class="pp-class-172 pa t41826 l41827">and </span><span class="pp-class-172 pa t41826 l32362">amounts </span><span class="pp-class-172 pa t41826 l41828 ls2061">drawn </span><span class="pp-class-172 pa t41826 l9979">on </span><span class="pp-class-172 pa t41826 l20202 ls234">long-term </span><span class="pp-class-172 pa t41826 l41829">loan </span><span class="pp-class-172 pa t41826 l41830 ls117">facilities </span><span class="pp-class-172 pa t41826 l21588">at </span><span class="pp-class-172 pa t41826 l15205">31 </span><span class="pp-class-172 pa t41826 l28738 ls187">December </span><span class="pp-class-172 pa t41826 l41831">2025:</span></p></div></div><div id="pp-id-4453" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41832 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls6928">Loan </span><span class="pp-class-170 pa t37784 l41833 ls2483">facilities </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41834 ls923">Principal </span><span class="pp-class-166 pa t28110 l41835">amount </span><span class="pp-class-166 pa t37784 l41836">(EURm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41837 ls923">Principal </span><span class="pp-class-166 pa t28110 l40574">amount </span><span class="pp-class-166 pa t37784 l41838">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41839 ls2471">Fixed/floating </span><span class="pp-class-166 pa t37784 l41840 ls135">interest </span><span class="pp-class-166 pa t37784 l41841 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41842 ls3997">Expiry </span><span class="pp-class-166 pa t28110 l41843">of </span><span class="pp-class-166 pa t37784 l41844 ls923">commitments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41845 ls740">Duration </span><span class="pp-class-166 pa t37784 l41846 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41847 ls59">Undrawn </span><span class="pp-class-166 pa t37784 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">Bond </span><span class="pp-class-166 pa t33226 l41848">loan </span><span class="pp-class-166 pa t33226 l33156">- </span><span class="pp-class-166 pa t33226 l41849">ISIN </span><span class="pp-class-166 pa t33226 l41850 ls492">XS2387735470</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41851"/><span class="pp-class-166 pa t33226 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41853"/><span class="pp-class-166 pa t33226 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41854"/><span class="pp-class-166 pa t33226 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41856">17/09/2036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41857"/><span class="pp-class-166 pa t33226 l41858">10.7 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41859"/><span class="pp-class-166 pa t33226 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l3">Bond </span><span class="pp-class-166 pa t41860 l41848">loan </span><span class="pp-class-166 pa t41860 l33156">- </span><span class="pp-class-166 pa t41860 l41849">ISIN </span><span class="pp-class-166 pa t41860 l41850 ls492">XS2932829356</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41851"/><span class="pp-class-166 pa t41860 l41852">750 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41853"/><span class="pp-class-166 pa t41860 l37814">5,602 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41854"/><span class="pp-class-166 pa t41860 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41856">06/11/2034</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41861"/><span class="pp-class-166 pa t41860 l41862">8.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41859"/><span class="pp-class-166 pa t41860 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l3">Bond </span><span class="pp-class-166 pa t41863 l41848">loan </span><span class="pp-class-166 pa t41863 l33156">- </span><span class="pp-class-166 pa t41863 l41849">ISIN </span><span class="pp-class-166 pa t41863 l41850 ls492">XS2360881549</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41851"/><span class="pp-class-166 pa t41863 l41852">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41853"/><span class="pp-class-166 pa t41863 l37814">4,481 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41854"/><span class="pp-class-166 pa t41863 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41856">05/07/2033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41861"/><span class="pp-class-166 pa t41863 l41862">7.5 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41863 l41859"/><span class="pp-class-166 pa t41863 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l3">Bond </span><span class="pp-class-166 pa t41864 l41848">loan </span><span class="pp-class-166 pa t41864 l33156">- </span><span class="pp-class-166 pa t41864 l41849">ISIN </span><span class="pp-class-166 pa t41864 l41850 ls492">XS2932836211</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41851"/><span class="pp-class-166 pa t41864 l41852">750 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41853"/><span class="pp-class-166 pa t41864 l37814">5,602 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41854"/><span class="pp-class-166 pa t41864 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41856">06/11/2032</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41861"/><span class="pp-class-166 pa t41864 l41862">6.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41864 l41859"/><span class="pp-class-166 pa t41864 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l3">Bond </span><span class="pp-class-166 pa t41865 l41848">loan </span><span class="pp-class-166 pa t41865 l33156">- </span><span class="pp-class-166 pa t41865 l41849">ISIN </span><span class="pp-class-166 pa t41865 l41850 ls492">XS2308616841</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41851"/><span class="pp-class-166 pa t41865 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41853"/><span class="pp-class-166 pa t41865 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41854"/><span class="pp-class-166 pa t41865 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41856">03/03/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41861"/><span class="pp-class-166 pa t41865 l41862">5.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41865 l41859"/><span class="pp-class-166 pa t41865 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l3">Bond </span><span class="pp-class-166 pa t41866 l41848">loan </span><span class="pp-class-166 pa t41866 l33156">- </span><span class="pp-class-166 pa t41866 l41849">ISIN </span><span class="pp-class-166 pa t41866 l41850 ls492">XS2932834604</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41867"/><span class="pp-class-166 pa t41866 l41868">1,250 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41853"/><span class="pp-class-166 pa t41866 l37814">9,336 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41854"/><span class="pp-class-166 pa t41866 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41856">06/11/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41861"/><span class="pp-class-166 pa t41866 l41862">4.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41866 l41859"/><span class="pp-class-166 pa t41866 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l3">Bond </span><span class="pp-class-166 pa t41869 l41848">loan </span><span class="pp-class-166 pa t41869 l33156">- </span><span class="pp-class-166 pa t41869 l41849">ISIN </span><span class="pp-class-166 pa t41869 l41850 ls492">XS2458285355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41851"/><span class="pp-class-166 pa t41869 l41852">600 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41853"/><span class="pp-class-166 pa t41869 l37814">4,481 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41854"/><span class="pp-class-166 pa t41869 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41856">16/03/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41861"/><span class="pp-class-166 pa t41869 l41862">4.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41869 l41859"/><span class="pp-class-166 pa t41869 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l3">Bond </span><span class="pp-class-166 pa t41870 l41848">loan </span><span class="pp-class-166 pa t41870 l33156">- </span><span class="pp-class-166 pa t41870 l41849">ISIN </span><span class="pp-class-166 pa t41870 l41850 ls492">XS2850439642</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41851"/><span class="pp-class-166 pa t41870 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41853"/><span class="pp-class-166 pa t41870 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41854"/><span class="pp-class-166 pa t41870 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41856">26/06/2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41861"/><span class="pp-class-166 pa t41870 l41862">3.5 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41870 l41859"/><span class="pp-class-166 pa t41870 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l3">Bond </span><span class="pp-class-166 pa t41871 l41848">loan </span><span class="pp-class-166 pa t41871 l33156">- </span><span class="pp-class-166 pa t41871 l41849">ISIN </span><span class="pp-class-166 pa t41871 l41850 ls492">XS2932831923</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41867"/><span class="pp-class-166 pa t41871 l41868">1,000 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41853"/><span class="pp-class-166 pa t41871 l37814">7,469 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41854"/><span class="pp-class-166 pa t41871 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41856">06/11/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41861"/><span class="pp-class-166 pa t41871 l41862">2.9 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41871 l41859"/><span class="pp-class-166 pa t41871 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l3">Bond </span><span class="pp-class-166 pa t41872 l41848">loan </span><span class="pp-class-166 pa t41872 l33156">- </span><span class="pp-class-166 pa t41872 l41849">ISIN </span><span class="pp-class-166 pa t41872 l41850">212542679</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41851"/><span class="pp-class-166 pa t41872 l41852">500 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41853"/><span class="pp-class-166 pa t41872 l37814">3,734 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41854"/><span class="pp-class-166 pa t41872 l41855 ls189">Fixed </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41856">26/02/2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41861"/><span class="pp-class-166 pa t41872 l41862">1.2 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41872 l41859"/><span class="pp-class-166 pa t41872 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l3 ls189">Long-term </span><span class="pp-class-166 pa t41873 l36382 ls564">credit </span><span class="pp-class-166 pa t41873 l41874 ls377">facility </span><span class="pp-class-166 pa t41873 l27838">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41851"/><span class="pp-class-166 pa t41873 l41852">700 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41853"/><span class="pp-class-166 pa t41873 l37814">5,228 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41875"/><span class="pp-class-166 pa t41873 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41856">30/04/2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41861"/><span class="pp-class-166 pa t41873 l41862">1.3 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41873 l41859"/><span class="pp-class-166 pa t41873 l38251">- </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l3 ls704">Revolving </span><span class="pp-class-166 pa t41877 l10313 ls564">credit </span><span class="pp-class-166 pa t41877 l20623 ls377">facility </span><span class="pp-class-166 pa t41877 l5571">IV</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41878"/><span class="pp-class-166 pa t41877 l41879">75 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41880"/><span class="pp-class-166 pa t41877 l41881">560 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41875"/><span class="pp-class-166 pa t41877 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41856">31/01/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41861"/><span class="pp-class-166 pa t41877 l41862">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41877 l41882"/><span class="pp-class-166 pa t41877 l38253">560 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l3 ls704">Revolving </span><span class="pp-class-166 pa t41883 l10313 ls564">credit </span><span class="pp-class-166 pa t41883 l20623 ls377">facility </span><span class="pp-class-166 pa t41883 l5571">II</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41851"/><span class="pp-class-166 pa t41883 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41853"/><span class="pp-class-166 pa t41883 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41875"/><span class="pp-class-166 pa t41883 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41856">15/12/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41861"/><span class="pp-class-166 pa t41883 l41862">5.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41883 l41884"/><span class="pp-class-166 pa t41883 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l3 ls704">Revolving </span><span class="pp-class-166 pa t41885 l10313 ls564">credit </span><span class="pp-class-166 pa t41885 l20623 ls377">facility </span><span class="pp-class-166 pa t41885 l5571">III</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41851"/><span class="pp-class-166 pa t41885 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41853"/><span class="pp-class-166 pa t41885 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41875"/><span class="pp-class-166 pa t41885 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41856">14/12/2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41861"/><span class="pp-class-166 pa t41885 l41862">5.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41885 l41884"/><span class="pp-class-166 pa t41885 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l3 ls704">Revolving </span><span class="pp-class-166 pa t41886 l10313 ls564">credit </span><span class="pp-class-166 pa t41886 l20623 ls377">facility </span><span class="pp-class-166 pa t41886 l5571">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41851"/><span class="pp-class-166 pa t41886 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41853"/><span class="pp-class-166 pa t41886 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41875"/><span class="pp-class-166 pa t41886 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41856">01/10/2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41861"/><span class="pp-class-166 pa t41886 l41862">3.8 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41886 l41884"/><span class="pp-class-166 pa t41886 l38235">1,462 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l3 ls704">Revolving </span><span class="pp-class-166 pa t41887 l10313 ls564">credit </span><span class="pp-class-166 pa t41887 l20623 ls377">facility </span><span class="pp-class-166 pa t41887 l5571">VI</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41851"/><span class="pp-class-166 pa t41887 l41852">200 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41853"/><span class="pp-class-166 pa t41887 l37814">1,494 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41875"/><span class="pp-class-166 pa t41887 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41856">28/07/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41861"/><span class="pp-class-166 pa t41887 l41862">2.6 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41887 l41884"/><span class="pp-class-166 pa t41887 l38235">1,494 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l3 ls704">Revolving </span><span class="pp-class-166 pa t41888 l10313 ls564">credit </span><span class="pp-class-166 pa t41888 l20623 ls377">facility </span><span class="pp-class-166 pa t41888 l5571">V</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41851"/><span class="pp-class-166 pa t41888 l41852">100 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41880"/><span class="pp-class-166 pa t41888 l41881">747 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41875"/><span class="pp-class-166 pa t41888 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41856">15/01/2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41861"/><span class="pp-class-166 pa t41888 l41862">2.0 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41888 l41882"/><span class="pp-class-166 pa t41888 l38253">617 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t41889 l39979 ls377">facility </span><span class="pp-class-166 pa t41889 l41890">I</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41878"/><span class="pp-class-166 pa t41889 l41879">75 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41880"/><span class="pp-class-166 pa t41889 l41881">560 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41875"/><span class="pp-class-166 pa t41889 l41876 ls394">Floating </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41856">31/01/2031</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41861"/><span class="pp-class-166 pa t41889 l41862">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41889 l41882"/><span class="pp-class-166 pa t41889 l38253">560 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l3 ls745">Total </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41892"/><span class="pp-class-170 pa t41891 l41893 ls1866">8,700 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41894"/><span class="pp-class-170 pa t41891 l37834 ls1868">64,978 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41895"/><span class="pp-class-170 pa t41891 l41896 ls2307">5.1 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41891 l41897"/><span class="pp-class-170 pa t41891 l41898 ls1866">7,681 </span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4454" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h41899 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33226 l3 ls6928">Loan </span><span class="pp-class-170 pa t33226 l41833 ls172">facilities </span><span class="pp-class-166 pa t33226 l41900 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l41901 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l41902">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41903 ls3968">Carrying</span><span class="pp-class-166 pa t33226 l41835">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41904 ls2471">Fixed/floating </span><span class="pp-class-166 pa t33226 l41905 ls135">interest </span><span class="pp-class-166 pa t33226 l41906 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41907 ls3997">Expiry </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41908 ls3593">Carrying </span><span class="pp-class-166 pa t33226 l41909">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l41910 ls2471">Fixed/floating </span><span class="pp-class-166 pa t33226 l41911 ls135">interest </span><span class="pp-class-166 pa t33226 l41912 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41913 ls3997">Expiry </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l3">Bond </span><span class="pp-class-166 pa t41914 l41848">loans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41915">60,928</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41916 ls239">Mainly </span><span class="pp-class-166 pa t41914 l41917 ls189">fixed</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41918">2026-2036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41919">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41910 ls492">Fixed/floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41914 l41920">2026-2036</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l3 ls564">Credit </span><span class="pp-class-166 pa t41921 l13330 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41868">5,448</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41922 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41918">2026-2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41923">70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41924 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41921 l41920">2026-2029</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t41925 l39979 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41852">629</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41922 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41926">2026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41927">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l41924 ls455">Floating</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41925 l28847">2025</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l3 ls6928">Loan </span><span class="pp-class-170 pa t41928 l41833 ls172">facilities </span><span class="pp-class-170 pa t41928 l41900 ls1866">at </span><span class="pp-class-170 pa t41928 l41929 ls1866">31 </span><span class="pp-class-170 pa t41928 l38042 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l41930">67,005</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41928 l41931">61,144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t41932 l3 ls921">Non-current/current </span><span class="pp-class-172 pa t41932 l7094 ls461">classification:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l3 ls946">Non-current </span><span class="pp-class-166 pa t41933 l36824">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l41915">56,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41933 l41919">60,852</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l3 ls1430">Current </span><span class="pp-class-166 pa t41934 l20615">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l41915">10,055</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41934 l41927">292</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div><div class="pp-class-4" id="pp-id-4455" xmlns="http://www.w3.org/1999/xhtml"><div class="w41935 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.5 </span><span class="pp-class-169 pa t254 l37093 ls21822">Financial </span><span class="pp-class-169 pa t254 l38261 ls15736">risks </span><span class="pp-class-169 pa t254 l41936 ls1180">— </span><span class="pp-class-169 pa t254 l41937 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4457" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h35081 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40744 l3">The </span><span class="pp-class-166 pa t40744 l1525 ls497">Group </span><span class="pp-class-166 pa t40744 l36541">is </span><span class="pp-class-166 pa t40744 l41938 ls1849">exposed </span><span class="pp-class-166 pa t40744 l974 ls135">to </span><span class="pp-class-166 pa t40744 l16162 ls228">foreign </span><span class="pp-class-166 pa t40744 l41939 ls1849">currency </span><span class="pp-class-166 pa t40744 l41940 ls1831">risks </span><span class="pp-class-166 pa t40744 l41941 ls66">relating </span><span class="pp-class-166 pa t40744 l27026 ls135">to </span><span class="pp-class-166 pa t40744 l41942">the </span><span class="pp-class-166 pa t40744 l38130 ls977">translation </span><span class="pp-class-166 pa t40744 l6003">of </span><span class="pp-class-166 pa t40745 l3 ls923">debt </span><span class="pp-class-166 pa t40745 l41943 ls86">denominated </span><span class="pp-class-166 pa t40745 l28758">in </span><span class="pp-class-166 pa t40745 l41944 ls228">foreign </span><span class="pp-class-166 pa t40745 l41945 ls1849">currency </span><span class="pp-class-166 pa t40745 l39629 ls75">other </span><span class="pp-class-166 pa t40745 l12957">than </span><span class="pp-class-166 pa t40745 l41946">the </span><span class="pp-class-166 pa t40745 l6011 ls3593">functional </span><span class="pp-class-166 pa t40745 l41947 ls1849">currency </span><span class="pp-class-166 pa t40745 l41948">and </span><span class="pp-class-166 pa t40749 l3">the </span><span class="pp-class-166 pa t40749 l1913 ls977">translation </span><span class="pp-class-166 pa t40749 l27107">of </span><span class="pp-class-166 pa t40749 l41949 ls234">net </span><span class="pp-class-166 pa t40749 l30578 ls226">investments </span><span class="pp-class-166 pa t40749 l19418">in </span><span class="pp-class-166 pa t40749 l41950">entities </span><span class="pp-class-166 pa t40749 l41951">with </span><span class="pp-class-166 pa t40749 l3092">a </span><span class="pp-class-166 pa t40749 l41952 ls3593">functional </span><span class="pp-class-166 pa t40749 l12073 ls1849">currency </span><span class="pp-class-166 pa t40749 l41953 ls75">other </span><span class="pp-class-166 pa t41954 l3">than </span><span class="pp-class-166 pa t41954 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41954 l29865">The </span><span class="pp-class-166 pa t41954 l41317">risk </span><span class="pp-class-166 pa t41954 l41955 ls2221">affects </span><span class="pp-class-166 pa t41954 l41956 ls564">profit </span><span class="pp-class-166 pa t41954 l11109 ls1498">before </span><span class="pp-class-166 pa t41954 l41957 ls3094">tax. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40758 l3">On </span><span class="pp-class-166 pa t40758 l9340 ls5508">recognition </span><span class="pp-class-166 pa t40758 l41958">of </span><span class="pp-class-166 pa t40758 l41959 ls234">net </span><span class="pp-class-166 pa t40758 l41960 ls226">investments </span><span class="pp-class-166 pa t40758 l5345">in </span><span class="pp-class-166 pa t40758 l41961 ls228">foreign </span><span class="pp-class-166 pa t40758 l41962">subsidiaries, </span><span class="pp-class-166 pa t40758 l15043">the </span><span class="pp-class-166 pa t40758 l30323 ls497">Group </span><span class="pp-class-166 pa t40758 l41963">is </span><span class="pp-class-166 pa t40758 l41964 ls1849">exposed </span><span class="pp-class-166 pa t40766 l3 ls135">to </span><span class="pp-class-166 pa t40766 l2457">a </span><span class="pp-class-166 pa t40766 l41965 ls977">translation </span><span class="pp-class-166 pa t40766 l41966">risk </span><span class="pp-class-166 pa t40766 l41967">when </span><span class="pp-class-166 pa t40766 l23925">the </span><span class="pp-class-166 pa t40766 l5588 ls564">profit </span><span class="pp-class-166 pa t40766 l41968">or </span><span class="pp-class-166 pa t40766 l41969 ls48">loss </span><span class="pp-class-166 pa t40766 l41970">and </span><span class="pp-class-166 pa t40766 l41971 ls1701">equity </span><span class="pp-class-166 pa t40766 l41972">of </span><span class="pp-class-166 pa t40766 l41973 ls228">foreign </span><span class="pp-class-166 pa t40766 l41974">subsidiaries </span><span class="pp-class-166 pa t40771 l3 ls228">are </span><span class="pp-class-166 pa t40771 l2357 ls1528">translated </span><span class="pp-class-166 pa t40771 l41975 ls1122">into </span><span class="pp-class-166 pa t40771 l34647">DKK </span><span class="pp-class-166 pa t40771 l41976">at </span><span class="pp-class-166 pa t40771 l5744">the </span><span class="pp-class-166 pa t40771 l2635 ls1428">reporting </span><span class="pp-class-166 pa t40771 l41977 ls1122">date </span><span class="pp-class-166 pa t40771 l27032">based </span><span class="pp-class-166 pa t40771 l41978">on </span><span class="pp-class-166 pa t40771 l36129">the </span><span class="pp-class-166 pa t40771 l8835 ls946">average </span><span class="pp-class-166 pa t40771 l41979 ls54">rates </span><span class="pp-class-166 pa t40771 l41980">of </span><span class="pp-class-166 pa t41981 l3 ls851">exchange </span><span class="pp-class-166 pa t41981 l8930">and </span><span class="pp-class-166 pa t41981 l3377">the </span><span class="pp-class-166 pa t41981 l36442">closing </span><span class="pp-class-166 pa t41981 l10449 ls2870">rates. </span><span class="pp-class-166 pa t41981 l41982">The </span><span class="pp-class-166 pa t41981 l41983">need </span><span class="pp-class-166 pa t41981 l13335 ls135">to </span><span class="pp-class-166 pa t41981 l22809">hedge </span><span class="pp-class-166 pa t41981 l41984">the </span><span class="pp-class-166 pa t41981 l40102 ls6991">Parent’s </span><span class="pp-class-166 pa t41981 l8980 ls234">net </span><span class="pp-class-166 pa t41981 l30704 ls93">invest-</span><span class="pp-class-166 pa t40775 l3">ments </span><span class="pp-class-166 pa t40775 l19464">in </span><span class="pp-class-166 pa t40775 l23490">subsidiaries </span><span class="pp-class-166 pa t40775 l41985">is </span><span class="pp-class-166 pa t40775 l41986 ls226">assessed </span><span class="pp-class-166 pa t40775 l41987">on </span><span class="pp-class-166 pa t40775 l22089">a </span><span class="pp-class-166 pa t40775 l41988 ls856">regular </span><span class="pp-class-166 pa t40775 l41989">basis. </span><span class="pp-class-166 pa t40775 l41990">It </span><span class="pp-class-166 pa t40775 l41991">is </span><span class="pp-class-166 pa t40775 l3393 ls497">Group </span><span class="pp-class-166 pa t40775 l41992 ls1636">policy </span><span class="pp-class-166 pa t40775 l41993 ls135">to </span><span class="pp-class-166 pa t40775 l41994 ls2500">reduce </span><span class="pp-class-166 pa t40777 l3 ls234">net </span><span class="pp-class-166 pa t40777 l2647 ls226">investments </span><span class="pp-class-166 pa t40777 l3961">in </span><span class="pp-class-166 pa t40777 l41995 ls497">Group </span><span class="pp-class-166 pa t40777 l12886">subsidiaries </span><span class="pp-class-166 pa t40777 l12374">on </span><span class="pp-class-166 pa t40777 l9007">an </span><span class="pp-class-166 pa t40777 l41996">ongoing </span><span class="pp-class-166 pa t40777 l41997">basis </span><span class="pp-class-166 pa t40777 l16121">by </span><span class="pp-class-166 pa t40777 l41998 ls455">distributing </span><span class="pp-class-166 pa t40777 l7291">the </span><span class="pp-class-166 pa t40782 l3 ls3593">subsidiaries’ </span><span class="pp-class-166 pa t40782 l41999 ls856">profits </span><span class="pp-class-166 pa t40782 l26167">as </span><span class="pp-class-166 pa t40782 l26665">dividends. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42000 l3">The </span><span class="pp-class-166 pa t42000 l1525 ls497">Group </span><span class="pp-class-166 pa t42000 l36541">hedges </span><span class="pp-class-166 pa t42000 l21047 ls740">booked </span><span class="pp-class-166 pa t42000 l42001 ls59">external </span><span class="pp-class-166 pa t42000 l37201 ls234">net </span><span class="pp-class-166 pa t42000 l27924 ls1849">currency </span><span class="pp-class-166 pa t42000 l8719">positions </span><span class="pp-class-166 pa t42000 l36357">and </span><span class="pp-class-166 pa t42000 l4971 ls147">currencies </span><span class="pp-class-166 pa t42000 l42002">with </span><span class="pp-class-166 pa t42003 l3 ls497">large </span><span class="pp-class-166 pa t42003 l34132 ls70">expected </span><span class="pp-class-166 pa t42003 l13773 ls239">short-term </span><span class="pp-class-166 pa t42003 l8747 ls977">operational </span><span class="pp-class-166 pa t42003 l42004 ls923">cash </span><span class="pp-class-166 pa t42003 l29990">flows </span><span class="pp-class-166 pa t42003 l42005 ls228">for </span><span class="pp-class-166 pa t42003 l42006">up </span><span class="pp-class-166 pa t42003 l14791 ls135">to </span><span class="pp-class-166 pa t42003 l4444">six </span><span class="pp-class-166 pa t42003 l42007">months. </span><span class="pp-class-166 pa t42003 l42008 ls169">At </span><span class="pp-class-166 pa t42009 l3 ls851">year-end </span><span class="pp-class-166 pa t42009 l42010">2025, </span><span class="pp-class-166 pa t42009 l42011">76.3% </span><span class="pp-class-166 pa t42009 l21546">of </span><span class="pp-class-166 pa t42009 l42012 ls70">expected </span><span class="pp-class-166 pa t42009 l28071">six-month </span><span class="pp-class-166 pa t42009 l26243 ls923">cash </span><span class="pp-class-166 pa t42009 l42013">flows </span><span class="pp-class-166 pa t42009 l42014">in </span><span class="pp-class-166 pa t42009 l42015">USD </span><span class="pp-class-166 pa t42009 l42016 ls2487">were </span><span class="pp-class-166 pa t42009 l15234">hedged. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42017 l3">Hedge </span><span class="pp-class-166 pa t42017 l42018 ls946">accounting </span><span class="pp-class-166 pa t42017 l42019">is </span><span class="pp-class-166 pa t42017 l23666">only </span><span class="pp-class-166 pa t42017 l37663">applied </span><span class="pp-class-166 pa t42017 l26311 ls135">to </span><span class="pp-class-166 pa t42017 l13865">a </span><span class="pp-class-166 pa t42017 l42020 ls187">limited </span><span class="pp-class-166 pa t42017 l42021 ls495">extent </span><span class="pp-class-166 pa t42017 l36736">and </span><span class="pp-class-166 pa t42017 l42022 ls135">we </span><span class="pp-class-166 pa t42017 l23151">do </span><span class="pp-class-166 pa t42017 l18969 ls1528">not </span><span class="pp-class-166 pa t42017 l42023">hedge </span><span class="pp-class-166 pa t42017 l39555 ls4372">cur-</span><span class="pp-class-166 pa t42024 l3 ls86">rency </span><span class="pp-class-166 pa t42024 l42025 ls1502">exposure </span><span class="pp-class-166 pa t42024 l40373 ls1766">related </span><span class="pp-class-166 pa t42024 l29404 ls135">to </span><span class="pp-class-166 pa t42024 l9898 ls614">intra-group </span><span class="pp-class-166 pa t42024 l31575 ls234">balances </span><span class="pp-class-166 pa t42024 l32043">with </span><span class="pp-class-166 pa t42024 l20334">no </span><span class="pp-class-166 pa t42024 l42026">underlying </span><span class="pp-class-166 pa t42024 l42027 ls923">cash </span><span class="pp-class-166 pa t42024 l42028">flow </span><span class="pp-class-166 pa t42029 l3 ls3305">impact. </span><span class="pp-class-166 pa t42029 l7122">The </span><span class="pp-class-166 pa t42029 l42030 ls497">Group </span><span class="pp-class-166 pa t42029 l42031">does </span><span class="pp-class-166 pa t42029 l26570 ls1528">not </span><span class="pp-class-166 pa t42029 l4925">hedge </span><span class="pp-class-166 pa t42029 l42032">EUR </span><span class="pp-class-166 pa t42029 l26816">positions, </span><span class="pp-class-166 pa t42029 l42033">as </span><span class="pp-class-166 pa t42029 l42034">it </span><span class="pp-class-166 pa t42029 l42035 ls1839">expects </span><span class="pp-class-166 pa t42029 l42036">that </span><span class="pp-class-166 pa t42029 l42037">the </span><span class="pp-class-166 pa t42029 l28456 ls4079">official </span><span class="pp-class-166 pa t42038 l3">Danish </span><span class="pp-class-166 pa t42038 l14852 ls75">fixed </span><span class="pp-class-166 pa t42038 l42039 ls152">exchange-rate </span><span class="pp-class-166 pa t42038 l42040 ls1636">policy </span><span class="pp-class-166 pa t42038 l3859 ls48">against </span><span class="pp-class-166 pa t42038 l41557">the </span><span class="pp-class-166 pa t42038 l42041">EUR </span><span class="pp-class-166 pa t42038 l5960">will </span><span class="pp-class-166 pa t42038 l21454 ls1428">continue. </span><span class="pp-class-166 pa t42038 l3464 ls2401">Unhedged </span><span class="pp-class-166 pa t42042 l3 ls42043">intra-group </span><span class="pp-class-166 pa t42042 l13872 ls234">balances </span><span class="pp-class-166 pa t42042 l42044">at </span><span class="pp-class-166 pa t42042 l42045">31 </span><span class="pp-class-166 pa t42042 l42046 ls234">December </span><span class="pp-class-166 pa t42042 l28626 ls228">are </span><span class="pp-class-166 pa t42042 l9425">outlined </span><span class="pp-class-166 pa t42042 l42047">in </span><span class="pp-class-166 pa t42042 l9806">the </span><span class="pp-class-166 pa t42042 l42048">main </span><span class="pp-class-166 pa t42042 l42049 ls1849">currency </span><span class="pp-class-166 pa t42042 l42050 ls189">expo-</span><span class="pp-class-166 pa t42051 l3 ls497">sures </span><span class="pp-class-166 pa t42051 l42052 ls180">table </span><span class="pp-class-166 pa t42051 l3351 ls135">to </span><span class="pp-class-166 pa t42051 l29202">the </span><span class="pp-class-166 pa t42051 l42053 ls6300">right. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42054 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t42054 l38818 ls951">analysis</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42055 l3 ls1853">The </span><span class="pp-class-166 pa t42055 l1942 ls228">sensitivity </span><span class="pp-class-166 pa t42055 l38832 ls2708">analysis </span><span class="pp-class-166 pa t42055 l42056 ls5045">provides </span><span class="pp-class-166 pa t42055 l42057 ls1866">an </span><span class="pp-class-166 pa t42055 l42058 ls1346">overview </span><span class="pp-class-166 pa t42055 l42059 ls1866">of </span><span class="pp-class-166 pa t42055 l42060 ls1853">the </span><span class="pp-class-166 pa t42055 l42061 ls16387">Group’s </span><span class="pp-class-166 pa t42055 l42062 ls1855">consolidated </span><span class="pp-class-166 pa t42055 l42063 ls129">transla-</span><span class="pp-class-166 pa t42064 l3 ls2690">tion </span><span class="pp-class-166 pa t42064 l42065 ls2690">risk </span><span class="pp-class-166 pa t42064 l39961 ls2693">associated </span><span class="pp-class-166 pa t42064 l42066 ls2690">with </span><span class="pp-class-166 pa t42064 l2608 ls2487">significant </span><span class="pp-class-166 pa t42064 l10613 ls2672">currency </span><span class="pp-class-166 pa t42064 l42067 ls13624">exposures. </span><span class="pp-class-166 pa t42064 l42068 ls1853">The </span><span class="pp-class-166 pa t42064 l42069 ls2247">Group </span><span class="pp-class-166 pa t42064 l42070 ls1866">is </span><span class="pp-class-166 pa t42064 l42071 ls2313">not </span><span class="pp-class-166 pa t42064 l42072 ls13029">materi-</span><span class="pp-class-166 pa t42073 l3 ls2690">ally </span><span class="pp-class-166 pa t42073 l42074 ls2483">exposed </span><span class="pp-class-166 pa t42073 l42075 ls2302">to </span><span class="pp-class-166 pa t42073 l42076 ls5048">transaction </span><span class="pp-class-166 pa t42073 l40541 ls189">risk. </span><span class="pp-class-166 pa t42073 l42077 ls1172">For </span><span class="pp-class-166 pa t42073 l42078 ls4405">EUR/DKK </span><span class="pp-class-166 pa t42073 l42079 ls7096">exposure, </span><span class="pp-class-166 pa t42073 l10861 ls1853">the </span><span class="pp-class-166 pa t42073 l42080 ls228">sensitivity </span><span class="pp-class-166 pa t42073 l42081 ls2382">analysis </span><span class="pp-class-166 pa t42082 l3 ls13029">evaluates </span><span class="pp-class-166 pa t42082 l42083 ls1853">the </span><span class="pp-class-166 pa t42082 l5954 ls265">impact </span><span class="pp-class-166 pa t42082 l24167 ls1866">of </span><span class="pp-class-166 pa t42082 l3608 ls2307">a </span><span class="pp-class-166 pa t42082 l42084 ls1866">2% </span><span class="pp-class-166 pa t42082 l42085 ls96">variation </span><span class="pp-class-166 pa t42082 l42086 ls1866">in </span><span class="pp-class-166 pa t42082 l41719 ls1855">average </span><span class="pp-class-166 pa t42082 l5233 ls1855">exchange </span><span class="pp-class-166 pa t42082 l42087 ls6538">rates </span><span class="pp-class-166 pa t42082 l42088 ls1858">during </span><span class="pp-class-166 pa t42082 l42089 ls1853">the </span><span class="pp-class-166 pa t42082 l37796 ls73">year </span><span class="pp-class-166 pa t42090 l3 ls1866">on </span><span class="pp-class-166 pa t42090 l3349 ls2836">profit/loss </span><span class="pp-class-166 pa t42090 l16178 ls1740">(EBIT) </span><span class="pp-class-166 pa t42090 l42091 ls1853">and </span><span class="pp-class-166 pa t42090 l42092 ls1853">the </span><span class="pp-class-166 pa t42090 l1543 ls6394">effect </span><span class="pp-class-166 pa t42090 l11871 ls1866">of </span><span class="pp-class-166 pa t42090 l41763 ls2307">a </span><span class="pp-class-166 pa t42090 l42093 ls1866">2% </span><span class="pp-class-166 pa t42090 l42094 ls96">variation </span><span class="pp-class-166 pa t42090 l42095 ls1866">in </span><span class="pp-class-166 pa t42090 l42096 ls2298">year-end </span><span class="pp-class-166 pa t42090 l42097 ls1855">exchange </span><span class="pp-class-166 pa t42090 l42098 ls2247">rates </span><span class="pp-class-166 pa t42099 l3 ls1866">on </span><span class="pp-class-166 pa t42099 l3349 ls1174">other </span><span class="pp-class-166 pa t42099 l1914 ls1186">comprehensive </span><span class="pp-class-166 pa t42099 l42100 ls2693">income. </span><span class="pp-class-166 pa t42099 l26094 ls1172">For </span><span class="pp-class-166 pa t42099 l4175 ls1174">other </span><span class="pp-class-166 pa t42099 l42101 ls2487">significant </span><span class="pp-class-166 pa t42099 l42102 ls2672">currency </span><span class="pp-class-166 pa t42099 l4515 ls13624">exposures, </span><span class="pp-class-166 pa t42099 l42103 ls2307">the </span><span class="pp-class-166 pa t42104 l3 ls2708">analysis </span><span class="pp-class-166 pa t42104 l42105 ls18249">assesses </span><span class="pp-class-166 pa t42104 l42106 ls1853">the </span><span class="pp-class-166 pa t42104 l42107 ls265">impact </span><span class="pp-class-166 pa t42104 l42108 ls1866">of </span><span class="pp-class-166 pa t42104 l42109 ls2307">a </span><span class="pp-class-166 pa t42104 l42110 ls1866">5% </span><span class="pp-class-166 pa t42104 l42111 ls96">variation </span><span class="pp-class-166 pa t42104 l42112 ls1866">in </span><span class="pp-class-166 pa t42104 l42113 ls1855">average </span><span class="pp-class-166 pa t42104 l42114 ls1855">exchange </span><span class="pp-class-166 pa t42104 l42115 ls6538">rates </span><span class="pp-class-166 pa t42104 l42116 ls1868">during </span><span class="pp-class-166 pa t42117 l3">the </span><span class="pp-class-166 pa t42117 l1913 ls48">year </span><span class="pp-class-166 pa t42117 l21073">on </span><span class="pp-class-166 pa t42117 l6293 ls2179">profit/loss </span><span class="pp-class-166 pa t42117 l42118 ls8026">(EBIT) </span><span class="pp-class-166 pa t42117 l42119">and </span><span class="pp-class-166 pa t42117 l38953">the </span><span class="pp-class-166 pa t42117 l42120 ls2221">effect </span><span class="pp-class-166 pa t42117 l42121">of </span><span class="pp-class-166 pa t42117 l42122">a </span><span class="pp-class-166 pa t42117 l42123">5% </span><span class="pp-class-166 pa t42117 l6360 ls394">variation </span><span class="pp-class-166 pa t42117 l28098">in </span><span class="pp-class-166 pa t42117 l42124 ls851">year-end </span><span class="pp-class-166 pa t42125 l3 ls851">exchange </span><span class="pp-class-166 pa t42125 l8930 ls54">rates </span><span class="pp-class-166 pa t42125 l10448">on </span><span class="pp-class-166 pa t42125 l42126 ls75">other </span><span class="pp-class-166 pa t42125 l2214 ls495">comprehensive </span><span class="pp-class-166 pa t42125 l42127 ls187">income. </span><span class="pp-class-166 pa t42125 l42128">The </span><span class="pp-class-166 pa t42125 l14406 ls3968">methodology </span><span class="pp-class-166 pa t42125 l42129">applied </span><span class="pp-class-166 pa t42130 l3">in </span><span class="pp-class-166 pa t42130 l1746">the </span><span class="pp-class-166 pa t42130 l1747 ls3185">sensitivity </span><span class="pp-class-166 pa t42130 l42131 ls2179">analysis </span><span class="pp-class-166 pa t42130 l42084 ls856">remains </span><span class="pp-class-166 pa t42130 l42132 ls1528">consistent </span><span class="pp-class-166 pa t42130 l2389">with </span><span class="pp-class-166 pa t42130 l42133">that </span><span class="pp-class-166 pa t42130 l42134">used </span><span class="pp-class-166 pa t42130 l12422">in </span><span class="pp-class-166 pa t42130 l42135">prior </span><span class="pp-class-166 pa t42130 l42136 ls101">years.</span></p></div></div><div id="pp-id-4458" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42137 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42138">Unhedged </span><span class="pp-class-166 pa t28110 l42139 ls614">intra-group </span><span class="pp-class-166 pa t28110 l42140 ls187">balances</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42141 ls2870">Foreign </span><span class="pp-class-166 pa t28110 l42142 ls1849">currency </span><span class="pp-class-166 pa t28110 l42143 ls977">translation </span><span class="pp-class-166 pa t28110 l42144">risk </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37512 l3 ls2690">Main </span><span class="pp-class-170 pa t37512 l1488 ls13591">currency </span><span class="pp-class-170 pa t37512 l22726 ls1824">exposures </span><span class="pp-class-170 pa t37512 l42145">- </span><span class="pp-class-170 pa t37512 l34707 ls228">sensitivity</span><span class="pp-class-166 pa t38901 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l42146 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42147">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l42148 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42149">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42150 ls234">Net </span><span class="pp-class-166 pa t38901 l42151">position</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42152 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42153">on </span><span class="pp-class-166 pa t38901 l42154 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42155 ls234">Net </span><span class="pp-class-166 pa t38901 l42156">position</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42157 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42158">on </span><span class="pp-class-166 pa t38901 l42159 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42160 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42161">on </span><span class="pp-class-166 pa t38901 l42162 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42163 ls1636">Impact </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l42164">on </span><span class="pp-class-166 pa t38901 l42165">OCI</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42166 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42167">on </span><span class="pp-class-166 pa t38901 l42168 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42169 ls1636">Impact </span><span class="pp-class-166 pa t38901 l42170">on </span><span class="pp-class-166 pa t38901 l42171">OCI</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l3 ls3982">EUR/DKK </span><span class="pp-class-166 pa t42172 l42173">(2%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42174">(65,628)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42175"/><span class="pp-class-166 pa t42172 l42176">± </span><span class="pp-class-166 pa t42172 l42177">1,313</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42178">(53,056)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42179"/><span class="pp-class-166 pa t42172 l42180">± </span><span class="pp-class-166 pa t42172 l38231">1,061</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42181">± </span><span class="pp-class-166 pa t42172 l41337">96</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42182"/><span class="pp-class-166 pa t42172 l42183">± </span><span class="pp-class-166 pa t42172 l42184">1,285</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42185">± </span><span class="pp-class-166 pa t42172 l42186">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42187"/><span class="pp-class-166 pa t42172 l42188">± </span><span class="pp-class-166 pa t42172 l38253">450</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l3 ls1416">CNY/DKK </span><span class="pp-class-166 pa t42189 l5606">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42190">(2,175)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42191"/><span class="pp-class-166 pa t42189 l42192">± </span><span class="pp-class-166 pa t42189 l42193">109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42194">(2,053)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42195"/><span class="pp-class-166 pa t42189 l42196">± </span><span class="pp-class-166 pa t42189 l38220">103</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42181">± </span><span class="pp-class-166 pa t42189 l41337">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42197"/><span class="pp-class-166 pa t42189 l42198">± </span><span class="pp-class-166 pa t42189 l42199">570</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42200">±66</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l28847">±310</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l3 ls4259">USD/DKK </span><span class="pp-class-166 pa t42201 l42202">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42203">6,757</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42204">±338</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42205">1,026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l38220">±51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42206">±115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42182"/><span class="pp-class-166 pa t42201 l42183">± </span><span class="pp-class-166 pa t42201 l42184">1,278</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42207">±123</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l28847">±831</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l3 ls3982">CHF/DKK </span><span class="pp-class-166 pa t42208 l42209">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42190">(1,458)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42193">±73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42210">(726)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l38220">±36 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42181">± </span><span class="pp-class-166 pa t42208 l41337">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42197"/><span class="pp-class-166 pa t42208 l42198">± </span><span class="pp-class-166 pa t42208 l42199">309</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42200">±16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l28847">±234</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l3 ls3982">PLN/DKK </span><span class="pp-class-166 pa t42211 l42212">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42190">(1,090)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42193">±55</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42210">(554)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l38220">±28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42213">±18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42197"/><span class="pp-class-166 pa t42211 l42198">± </span><span class="pp-class-166 pa t42211 l42199">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42200">±17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l38253">±68</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l3 ls4259">SGD/DKK </span><span class="pp-class-166 pa t42214 l42215">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42190">(1,398)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42193">±70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42210">(544)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l38220">±27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42213">±34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42197"/><span class="pp-class-166 pa t42214 l42198">± </span><span class="pp-class-166 pa t42214 l42199">576</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42185">± </span><span class="pp-class-166 pa t42214 l42186">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l28847">±119</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l3 ls3982">SEK/DKK </span><span class="pp-class-166 pa t39117 l26868">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42190">(3,709)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42204">±185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42210">(244)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42216"/><span class="pp-class-166 pa t39117 l42217">± </span><span class="pp-class-166 pa t39117 l38243">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42213">±44</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42197"/><span class="pp-class-166 pa t39117 l42198">± </span><span class="pp-class-166 pa t39117 l42199">556</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42185">± </span><span class="pp-class-166 pa t39117 l42186">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42218"/><span class="pp-class-166 pa t39117 l41882">± </span><span class="pp-class-166 pa t39117 l42219">55</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42221 ls1853">n.a.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42222 ls2688">±1,467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42223 ls1853">n.a.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42224"/><span class="pp-class-170 pa t42220 l42225 ls2307">± </span><span class="pp-class-170 pa t42220 l42226 ls2690">1,216</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42227 ls2307">± </span><span class="pp-class-170 pa t42220 l42228 ls1866">418</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42229"/><span class="pp-class-170 pa t42220 l42230 ls2307">± </span><span class="pp-class-170 pa t42220 l42231 ls2690">4,724</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42232 ls2307">± </span><span class="pp-class-170 pa t42220 l42233 ls1866">328</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42234"/><span class="pp-class-170 pa t42220 l42235 ls2307">± </span><span class="pp-class-170 pa t42220 l41898 ls2690">2,067</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4459" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h3194 pa t2 l3 wtro4 xx23559 tro6 xx23560"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t2723 l3">The </span><span class="pp-class-172 pa t2723 l10655 ls2267">Group’s </span><span class="pp-class-172 pa t2723 l42236">financial </span><span class="pp-class-172 pa t2723 l18988">liabilities </span><span class="pp-class-172 pa t2723 l42237 ls921">fall </span><span class="pp-class-172 pa t2723 l7574">due </span><span class="pp-class-172 pa t2723 l42238">as </span><span class="pp-class-172 pa t2723 l42239 ls455">follows:</span></p></div></div><div id="pp-id-4460" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42240 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2349">Financial </span><span class="pp-class-170 pa t37784 l4040 ls2786">liabilities </span><span class="pp-class-170 pa t37784 l4137">- </span><span class="pp-class-170 pa t37784 l42241 ls2275">2025</span><span class="pp-class-166 pa t37784 l42242"/><span class="pp-class-166 pa t37784 l42243">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42244 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42245">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42246 ls3686">Total </span><span class="pp-class-166 pa t28110 l42247 ls923">cash </span><span class="pp-class-166 pa t28110 l42248 ls189">flow, </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42249">incl. </span><span class="pp-class-166 pa t37784 l42250 ls3267">interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42251">0-1 </span><span class="pp-class-166 pa t37784 l42252 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42253">1-5 </span><span class="pp-class-166 pa t37784 l42254 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42255">5-9 </span><span class="pp-class-166 pa t37784 l42256 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42257 ls1866">&gt;9 </span><span class="pp-class-166 pa t37784 l42258 ls83">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t33226 l39979">and </span><span class="pp-class-166 pa t33226 l41538 ls564">credit </span><span class="pp-class-166 pa t33226 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42259">6,077</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42260">6,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42261">826</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42262">5,389</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l3 ls239">Issued </span><span class="pp-class-166 pa t41860 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42264">60,928</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42265">68,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42266">10,797</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41919">32,731</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42267">20,715</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l38235">3,790</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l3 ls75">Lease </span><span class="pp-class-166 pa t42268 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42264">30,930</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42265">39,101</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42269">8,368</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l41919">19,679</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42270">7,566</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l38235">3,488</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l3 ls1462">Trade </span><span class="pp-class-166 pa t42271 l8738 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42264">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42265">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42266">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42272">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l3 ls187">Currency </span><span class="pp-class-166 pa t42273 l20971 ls158">derivatives</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42274">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42275">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42276">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42272">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42278 ls1858">121,432</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42279 ls1858">136,846</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42280 ls2688">43,488</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42281 ls2688">57,799</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42282 ls2688">28,281</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l41898 ls2690">7,278</span></p></td></tr></table></div></div><div id="pp-id-4461" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42240 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37784 l3 ls2349">Financial </span><span class="pp-class-170 pa t37784 l4040 ls2786">liabilities </span><span class="pp-class-170 pa t37784 l4137">- </span><span class="pp-class-170 pa t37784 l42241 ls2275">2024</span><span class="pp-class-166 pa t37784 l42242"/><span class="pp-class-166 pa t37784 l42243">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42244 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42245">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42246 ls3686">Total </span><span class="pp-class-166 pa t28110 l42247 ls923">cash </span><span class="pp-class-166 pa t28110 l42248 ls189">flow, </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42249">incl. </span><span class="pp-class-166 pa t37784 l42250 ls3267">interest</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42251">0-1 </span><span class="pp-class-166 pa t37784 l42252 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42253">1-5 </span><span class="pp-class-166 pa t37784 l42254 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42255">5-9 </span><span class="pp-class-166 pa t37784 l42256 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42257 ls1866">&gt;9 </span><span class="pp-class-166 pa t37784 l42258 ls83">years</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t33226 l39979">and </span><span class="pp-class-166 pa t33226 l41538 ls564">credit </span><span class="pp-class-166 pa t33226 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42283">362</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42284">387</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42261">303</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l41923">84</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l3 ls239">Issued </span><span class="pp-class-166 pa t41860 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42264">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42265">69,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42269">1,504</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l41919">28,943</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l42267">29,435</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41860 l38235">9,574</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l3 ls75">Lease </span><span class="pp-class-166 pa t42268 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42264">21,673</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42265">27,345</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42269">5,447</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l41919">14,224</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l42270">5,901</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42268 l38235">1,773</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l3 ls1462">Trade </span><span class="pp-class-166 pa t42271 l8738 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42264">14,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42265">14,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42266">14,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42272">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42271 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l3 ls187">Currency </span><span class="pp-class-166 pa t42273 l20971 ls158">derivatives</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42285">63</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42286">63</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42287">63</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42272">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l42263">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42273 l38251">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42288 ls2688">97,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42279 ls1858">111,707</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42280 ls2688">21,773</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42281 ls2688">43,251</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l42282 ls2688">35,336</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42277 l38228 ls2688">11,347</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4456" xmlns="http://www.w3.org/1999/xhtml"><div class="w41935 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.5 </span><span class="pp-class-169 pa t254 l37093 ls21822">Financial </span><span class="pp-class-169 pa t254 l38261 ls15736">risks </span><span class="pp-class-169 pa t254 l41936 ls1180">— </span><span class="pp-class-169 pa t254 l41937 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4339" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h27502 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls15425">Interest </span><span class="pp-class-170 pa t3624 l9874 ls6586">rate </span><span class="pp-class-170 pa t3624 l42289 ls2257">risk</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls169">At </span><span class="pp-class-166 pa t3330 l5964">31 </span><span class="pp-class-166 pa t3330 l42290 ls234">December </span><span class="pp-class-166 pa t3330 l42291">2025, </span><span class="pp-class-166 pa t3330 l7562">84.3% </span><span class="pp-class-166 pa t3330 l42292">(2024: </span><span class="pp-class-166 pa t3330 l42293">92%) </span><span class="pp-class-166 pa t3330 l23610">of </span><span class="pp-class-166 pa t3330 l42294 ls497">Group </span><span class="pp-class-166 pa t3330 l42295 ls147">borrowings </span><span class="pp-class-166 pa t3330 l42296 ls2487">were </span><span class="pp-class-166 pa t3338 l3 ls856">secured </span><span class="pp-class-166 pa t3338 l7293 ls856">through </span><span class="pp-class-166 pa t3338 l32013 ls12989">fixed-rate </span><span class="pp-class-166 pa t3338 l14332">loans. </span><span class="pp-class-166 pa t3338 l29475">The </span><span class="pp-class-166 pa t3338 l42297 ls1740">weighted </span><span class="pp-class-166 pa t3338 l42298 ls740">duration </span><span class="pp-class-166 pa t3338 l42299">of </span><span class="pp-class-166 pa t3338 l42300">the </span><span class="pp-class-166 pa t3338 l9893 ls12989">fixed-rate </span><span class="pp-class-166 pa t3348 l3">loans </span><span class="pp-class-166 pa t3348 l98 ls1528">was </span><span class="pp-class-166 pa t3348 l15371">5.1 </span><span class="pp-class-166 pa t3348 l42301 ls101">years </span><span class="pp-class-166 pa t3348 l5037">at </span><span class="pp-class-166 pa t3348 l26041">31 </span><span class="pp-class-166 pa t3348 l25814 ls234">December </span><span class="pp-class-166 pa t3348 l42302">2025 </span><span class="pp-class-166 pa t3348 l42303">(2024: </span><span class="pp-class-166 pa t3348 l42304">5.1 </span><span class="pp-class-166 pa t3348 l42305 ls239">years).</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3373 l3">The </span><span class="pp-class-166 pa t3373 l1525 ls1740">weighted </span><span class="pp-class-166 pa t3373 l7261 ls946">average </span><span class="pp-class-166 pa t3373 l40615 ls135">interest </span><span class="pp-class-166 pa t3373 l42306 ls5905">rate </span><span class="pp-class-166 pa t3373 l42307">on </span><span class="pp-class-166 pa t3373 l42308">the </span><span class="pp-class-166 pa t3373 l42309 ls1165">Group’s </span><span class="pp-class-166 pa t3373 l42310">loans, </span><span class="pp-class-166 pa t3373 l42311 ls564">credit </span><span class="pp-class-166 pa t3373 l42312">and </span><span class="pp-class-166 pa t3373 l42313 ls2061">overdraft </span><span class="pp-class-166 pa t3682 l3 ls187">facilities </span><span class="pp-class-166 pa t3682 l10844 ls1528">was </span><span class="pp-class-166 pa t3682 l11384">2.5% </span><span class="pp-class-166 pa t3682 l42314">at </span><span class="pp-class-166 pa t3682 l28052">the </span><span class="pp-class-166 pa t3682 l42315">end </span><span class="pp-class-166 pa t3682 l42316">of </span><span class="pp-class-166 pa t3682 l42317">2025 </span><span class="pp-class-166 pa t3682 l42318">(2024: </span><span class="pp-class-166 pa t3682 l42319">2.5%).</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3387 l3">A </span><span class="pp-class-166 pa t3387 l454">1 </span><span class="pp-class-166 pa t3387 l42320 ls1343">percentage </span><span class="pp-class-166 pa t3387 l42321">point </span><span class="pp-class-166 pa t3387 l30274 ls1528">increase </span><span class="pp-class-166 pa t3387 l42322">in </span><span class="pp-class-166 pa t3387 l18972 ls135">interest </span><span class="pp-class-166 pa t3387 l42323 ls54">rates </span><span class="pp-class-166 pa t3387 l42324 ls556">would </span><span class="pp-class-166 pa t3387 l42325 ls1528">not </span><span class="pp-class-166 pa t3387 l42326 ls48">have </span><span class="pp-class-166 pa t3387 l10260">a </span><span class="pp-class-166 pa t3387 l42327 ls226">significant </span><span class="pp-class-166 pa t3395 l3 ls1636">impact </span><span class="pp-class-166 pa t3395 l3618">on </span><span class="pp-class-166 pa t3395 l13260">the </span><span class="pp-class-166 pa t3395 l13261 ls1122">statement </span><span class="pp-class-166 pa t3395 l5430">of </span><span class="pp-class-166 pa t3395 l42328 ls564">profit </span><span class="pp-class-166 pa t3395 l6116">or </span><span class="pp-class-166 pa t3395 l2555 ls48">loss </span><span class="pp-class-166 pa t3395 l14804">or </span><span class="pp-class-166 pa t3395 l29951 ls75">other </span><span class="pp-class-166 pa t3395 l11405 ls495">comprehensive </span><span class="pp-class-166 pa t3395 l10220 ls187">income, </span><span class="pp-class-166 pa t3406 l3">based </span><span class="pp-class-166 pa t3406 l9824">on </span><span class="pp-class-166 pa t3406 l21504 ls946">average </span><span class="pp-class-166 pa t3406 l33047 ls234">net </span><span class="pp-class-166 pa t3406 l38308 ls107">interest-bearing </span><span class="pp-class-166 pa t3406 l10208 ls923">debt </span><span class="pp-class-166 pa t3406 l30046 ls228">for </span><span class="pp-class-166 pa t3406 l42329">2025. </span><span class="pp-class-166 pa t3406 l42330">The </span><span class="pp-class-166 pa t3406 l9428 ls2369">calculation </span><span class="pp-class-166 pa t3406 l42331 ls93">method </span><span class="pp-class-166 pa t3722 l3 ls2660">applied </span><span class="pp-class-166 pa t3722 l42332 ls1866">in </span><span class="pp-class-166 pa t3722 l574 ls1853">the </span><span class="pp-class-166 pa t3722 l42333 ls228">sensitivity </span><span class="pp-class-166 pa t3722 l42334 ls2708">analysis </span><span class="pp-class-166 pa t3722 l42335 ls1866">is </span><span class="pp-class-166 pa t3722 l42336 ls115">unchanged </span><span class="pp-class-166 pa t3722 l42337 ls1552">compared </span><span class="pp-class-166 pa t3722 l42338 ls2302">to </span><span class="pp-class-166 pa t3722 l42339 ls3129">previous </span><span class="pp-class-166 pa t3722 l42340 ls115">years. </span><span class="pp-class-166 pa t3722 l42341 ls2307">The </span><span class="pp-class-166 pa t3728 l3 ls2247">Group </span><span class="pp-class-166 pa t3728 l24312 ls2690">does </span><span class="pp-class-166 pa t3728 l42342 ls2313">not </span><span class="pp-class-166 pa t3728 l6196 ls2688">hedge </span><span class="pp-class-166 pa t3728 l42343 ls2682">interest </span><span class="pp-class-166 pa t3728 l3056 ls8712">rate </span><span class="pp-class-166 pa t3728 l32524 ls1575">risk. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3427 l3 ls6083">Credit </span><span class="pp-class-170 pa t3427 l42344 ls2257">risk</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">The </span><span class="pp-class-166 pa t3439 l1525 ls1165">Group’s </span><span class="pp-class-166 pa t3439 l41681 ls564">credit </span><span class="pp-class-166 pa t3439 l31266">risk </span><span class="pp-class-166 pa t3439 l42345">mainly </span><span class="pp-class-166 pa t3439 l42346 ls1766">relates </span><span class="pp-class-166 pa t3439 l31820 ls135">to </span><span class="pp-class-166 pa t3439 l42347 ls1129">trade </span><span class="pp-class-166 pa t3439 l5123 ls1444">receivables.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3466 l3">The </span><span class="pp-class-166 pa t3466 l1525 ls497">Group </span><span class="pp-class-166 pa t3466 l36541">is </span><span class="pp-class-166 pa t3466 l41938 ls1528">not </span><span class="pp-class-166 pa t3466 l4438">dependent </span><span class="pp-class-166 pa t3466 l28351">on </span><span class="pp-class-166 pa t3466 l22361 ls1831">particular </span><span class="pp-class-166 pa t3466 l42348 ls740">customer </span><span class="pp-class-166 pa t3466 l11285">segments </span><span class="pp-class-166 pa t3466 l42349">or </span><span class="pp-class-166 pa t3466 l42350">any </span><span class="pp-class-166 pa t3466 l42351">specific </span><span class="pp-class-166 pa t3471 l3 ls154">customers, </span><span class="pp-class-166 pa t3471 l5457">and </span><span class="pp-class-166 pa t3471 l42352">all </span><span class="pp-class-166 pa t3471 l42353 ls1217">customers </span><span class="pp-class-166 pa t3471 l6570 ls228">are </span><span class="pp-class-166 pa t3471 l10770 ls1435">subjected </span><span class="pp-class-166 pa t3471 l42354 ls135">to </span><span class="pp-class-166 pa t3471 l42355">individual </span><span class="pp-class-166 pa t3471 l12063 ls564">credit </span><span class="pp-class-166 pa t3471 l32886 ls101">assessments </span><span class="pp-class-166 pa t3471 l42356">and </span><span class="pp-class-166 pa t3472 l3 ls564">credit </span><span class="pp-class-166 pa t3472 l9100">limits </span><span class="pp-class-166 pa t3472 l23166">in </span><span class="pp-class-166 pa t3472 l28797 ls228">accordance </span><span class="pp-class-166 pa t3472 l20227">with </span><span class="pp-class-166 pa t3472 l42357">the </span><span class="pp-class-166 pa t3472 l11438 ls1165">Group’s </span><span class="pp-class-166 pa t3472 l42358 ls564">Credit </span><span class="pp-class-166 pa t3472 l42359 ls3490">Policy. </span><span class="pp-class-166 pa t3472 l42360 ls3982">As </span><span class="pp-class-166 pa t3472 l42361 ls75">a </span><span class="pp-class-166 pa t3472 l42362 ls218">result, </span><span class="pp-class-166 pa t3472 l42363 ls1528">the </span><span class="pp-class-166 pa t3472 l34623 ls2690">credit </span><span class="pp-class-166 pa t3484 l3 ls1740">risk </span><span class="pp-class-166 pa t3484 l42364 ls2540">of </span><span class="pp-class-166 pa t3484 l31183 ls1528">the </span><span class="pp-class-166 pa t3484 l42365 ls96">Group </span><span class="pp-class-166 pa t3484 l16010 ls2540">is </span><span class="pp-class-166 pa t3484 l14523 ls54">generally </span><span class="pp-class-166 pa t3484 l42366 ls115">considered </span><span class="pp-class-166 pa t3484 l22363 ls1217">insignificant. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3503 l3">The </span><span class="pp-class-166 pa t3503 l1525 ls497">Group </span><span class="pp-class-166 pa t3503 l36541">mainly </span><span class="pp-class-166 pa t3503 l35089">hedges </span><span class="pp-class-166 pa t3503 l42367 ls564">credit </span><span class="pp-class-166 pa t3503 l8839 ls1831">risks </span><span class="pp-class-166 pa t3503 l32363 ls856">through </span><span class="pp-class-166 pa t3503 l23159">the </span><span class="pp-class-166 pa t3503 l42368">use </span><span class="pp-class-166 pa t3503 l28282">of </span><span class="pp-class-166 pa t3503 l20657 ls564">credit </span><span class="pp-class-166 pa t3503 l42369 ls1418">insurance.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3511 l3 ls1740">For </span><span class="pp-class-166 pa t3511 l3855">a </span><span class="pp-class-166 pa t3511 l27106">number </span><span class="pp-class-166 pa t3511 l7011">of </span><span class="pp-class-166 pa t3511 l31835 ls154">customers, </span><span class="pp-class-166 pa t3511 l32273">the </span><span class="pp-class-166 pa t3511 l42370 ls497">Group </span><span class="pp-class-166 pa t3511 l38604">uses </span><span class="pp-class-166 pa t3511 l20710 ls1528">non-recourse </span><span class="pp-class-166 pa t3511 l33822 ls2360">factoring. </span><span class="pp-class-166 pa t3511 l42371 ls169">At </span><span class="pp-class-166 pa t3511 l42372">31 </span><span class="pp-class-166 pa t3522 l3 ls234">December </span><span class="pp-class-166 pa t3522 l11316">2025, </span><span class="pp-class-166 pa t3522 l11317 ls1528">non-recourse </span><span class="pp-class-166 pa t3522 l14320 ls704">factoring </span><span class="pp-class-166 pa t3522 l42373 ls234">amounted </span><span class="pp-class-166 pa t3522 l42374 ls135">to </span><span class="pp-class-166 pa t3522 l42375">DKK </span><span class="pp-class-166 pa t3522 l42376">2,263 </span><span class="pp-class-166 pa t3522 l42377">million </span><span class="pp-class-166 pa t3532 l3">(2024: </span><span class="pp-class-166 pa t3532 l10819">DKK </span><span class="pp-class-166 pa t3532 l10820">2,445 </span><span class="pp-class-166 pa t3532 l522">million).</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3553 l3">DSV </span><span class="pp-class-166 pa t3553 l202">is </span><span class="pp-class-166 pa t3553 l4341 ls1849">exposed </span><span class="pp-class-166 pa t3553 l23718 ls135">to </span><span class="pp-class-166 pa t3553 l31131 ls239">counterparty </span><span class="pp-class-166 pa t3553 l3765 ls564">credit </span><span class="pp-class-166 pa t3553 l42378">risk </span><span class="pp-class-166 pa t3553 l42379">when </span><span class="pp-class-166 pa t3553 l4961 ls234">entering </span><span class="pp-class-166 pa t3553 l42380 ls1122">into </span><span class="pp-class-166 pa t3553 l42381 ls158">derivative </span><span class="pp-class-166 pa t3553 l22437">finan-</span><span class="pp-class-166 pa t3562 l3">cial </span><span class="pp-class-166 pa t3562 l42382 ls455">instruments. </span><span class="pp-class-166 pa t3562 l27201">In </span><span class="pp-class-166 pa t3562 l37067 ls497">order </span><span class="pp-class-166 pa t3562 l15008 ls135">to </span><span class="pp-class-166 pa t3562 l39521 ls2500">reduce </span><span class="pp-class-166 pa t3562 l7297">this </span><span class="pp-class-166 pa t3562 l37709">risk, </span><span class="pp-class-166 pa t3562 l9483">DSV </span><span class="pp-class-166 pa t3562 l42383">only </span><span class="pp-class-166 pa t3562 l27196 ls740">enters </span><span class="pp-class-166 pa t3562 l42384 ls1122">into </span><span class="pp-class-166 pa t3562 l20204 ls158">derivative </span><span class="pp-class-166 pa t3573 l3">financial </span><span class="pp-class-166 pa t3573 l8394 ls239">instruments </span><span class="pp-class-166 pa t3573 l42385">with </span><span class="pp-class-166 pa t3573 l28505">the </span><span class="pp-class-166 pa t3573 l42386 ls187">existing </span><span class="pp-class-166 pa t3573 l42387 ls1831">banks </span><span class="pp-class-166 pa t3573 l42388">of </span><span class="pp-class-166 pa t3573 l42389">the </span><span class="pp-class-166 pa t3573 l42390 ls497">Group </span><span class="pp-class-166 pa t3573 l42391">whose </span><span class="pp-class-166 pa t3573 l42392 ls564">credit </span><span class="pp-class-166 pa t3573 l29493 ls59">ratings </span><span class="pp-class-166 pa t3884 l3 ls267">from </span><span class="pp-class-166 pa t3884 l2065 ls1674">Standard </span><span class="pp-class-166 pa t3884 l42393">&amp; </span><span class="pp-class-166 pa t3884 l42394 ls1502">Poor’s </span><span class="pp-class-166 pa t3884 l42395 ls228">are </span><span class="pp-class-166 pa t3884 l42396 ls1428">long-term </span><span class="pp-class-166 pa t3884 l42397">A </span><span class="pp-class-166 pa t3884 l42398">or </span><span class="pp-class-166 pa t3884 l42399 ls4372">higher. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3577 l3 ls2388">As </span><span class="pp-class-166 pa t3577 l4418">a </span><span class="pp-class-166 pa t3577 l6136 ls59">general </span><span class="pp-class-166 pa t3577 l42400">rule, </span><span class="pp-class-166 pa t3577 l42401">the </span><span class="pp-class-166 pa t3577 l42402 ls497">Group </span><span class="pp-class-166 pa t3577 l13748">only </span><span class="pp-class-166 pa t3577 l42403 ls189">makes </span><span class="pp-class-166 pa t3577 l3075 ls239">short-term </span><span class="pp-class-166 pa t3577 l42404">deposits </span><span class="pp-class-166 pa t3577 l42405">with </span><span class="pp-class-166 pa t3577 l42406 ls1831">banks </span><span class="pp-class-166 pa t3577 l42407 ls54">rated </span><span class="pp-class-166 pa t3586 l3 ls83">short-term </span><span class="pp-class-166 pa t3586 l4003 ls2307">A-2 </span><span class="pp-class-166 pa t3586 l9093 ls1866">or </span><span class="pp-class-166 pa t3586 l34030 ls1858">higher </span><span class="pp-class-166 pa t3586 l42408 ls1866">by </span><span class="pp-class-166 pa t3586 l1543 ls6538">Standard </span><span class="pp-class-166 pa t3586 l42409 ls2307">&amp; </span><span class="pp-class-166 pa t3586 l31333 ls2309">Poor’s </span><span class="pp-class-166 pa t3586 l3756 ls6530">and/or </span><span class="pp-class-166 pa t3586 l42410 ls2307">P-2 </span><span class="pp-class-166 pa t3586 l42411 ls1866">or </span><span class="pp-class-166 pa t3586 l42412 ls1858">higher </span><span class="pp-class-166 pa t3586 l42413 ls1866">by </span><span class="pp-class-166 pa t3586 l42414 ls1186">Moody’s.</span></p></div></div><div class="pp-class-4" id="pp-id-4462" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3">Impairment </span><span class="pp-class-172 pa t3624 l13872">of </span><span class="pp-class-172 pa t3624 l42415 ls2061">trade </span><span class="pp-class-172 pa t3624 l42416 ls1430">receivables</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">Impairment </span><span class="pp-class-166 pa t3330 l38085">of </span><span class="pp-class-166 pa t3330 l11178 ls1129">trade </span><span class="pp-class-166 pa t3330 l13207 ls1444">receivables </span><span class="pp-class-166 pa t3330 l42417">is </span><span class="pp-class-166 pa t3330 l42418 ls226">assessed </span><span class="pp-class-166 pa t3330 l42419">on </span><span class="pp-class-166 pa t3330 l41528">an </span><span class="pp-class-166 pa t3330 l42420">ongoing </span><span class="pp-class-166 pa t3330 l42421">basis </span><span class="pp-class-166 pa t3330 l38791">and </span><span class="pp-class-166 pa t3330 l39239 ls1418">insurance </span><span class="pp-class-166 pa t3338 l3">policies </span><span class="pp-class-166 pa t3338 l20133 ls228">are </span><span class="pp-class-166 pa t3338 l27891 ls497">taken </span><span class="pp-class-166 pa t3338 l1567">out </span><span class="pp-class-166 pa t3338 l42422 ls228">for </span><span class="pp-class-166 pa t3338 l36837">the </span><span class="pp-class-166 pa t3338 l42423 ls1617">majority </span><span class="pp-class-166 pa t3338 l42424">of </span><span class="pp-class-166 pa t3338 l13371">these. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3360 l3 ls1552">At </span><span class="pp-class-166 pa t3360 l42425 ls1866">31 </span><span class="pp-class-166 pa t3360 l9691 ls2298">December </span><span class="pp-class-166 pa t3360 l16123 ls2688">2025, </span><span class="pp-class-166 pa t3360 l10009 ls1186">credit </span><span class="pp-class-166 pa t3360 l42426 ls6530">insurance </span><span class="pp-class-166 pa t3360 l11031 ls2298">amounted </span><span class="pp-class-166 pa t3360 l42005 ls2302">to </span><span class="pp-class-166 pa t3360 l42427 ls1853">DKK </span><span class="pp-class-166 pa t3360 l42428 ls1858">21,553 </span><span class="pp-class-166 pa t3360 l42429 ls1498">million, </span><span class="pp-class-166 pa t3360 l42430 ls13599">corre-</span><span class="pp-class-166 pa t3373 l3 ls1498">sponding </span><span class="pp-class-166 pa t3373 l6839 ls2302">to </span><span class="pp-class-166 pa t3373 l42431 ls1853">48% </span><span class="pp-class-166 pa t3373 l31801 ls1866">of </span><span class="pp-class-166 pa t3373 l42432 ls2267">total </span><span class="pp-class-166 pa t3373 l3443 ls1663">trade </span><span class="pp-class-166 pa t3373 l42433 ls2247">receivables </span><span class="pp-class-166 pa t3373 l18966 ls1858">(2024: </span><span class="pp-class-166 pa t3373 l20672 ls1853">DKK </span><span class="pp-class-166 pa t3373 l42434 ls1858">18,288 </span><span class="pp-class-166 pa t3373 l30710 ls2660">million </span><span class="pp-class-166 pa t3373 l42435 ls1866">or </span><span class="pp-class-166 pa t3373 l42436 ls1866">67%). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls189">Loss </span><span class="pp-class-166 pa t3375 l34883 ls189">allowances </span><span class="pp-class-166 pa t3375 l6753 ls228">for </span><span class="pp-class-166 pa t3375 l6800 ls66">impaired </span><span class="pp-class-166 pa t3375 l28060 ls1129">trade </span><span class="pp-class-166 pa t3375 l42437 ls1444">receivables </span><span class="pp-class-166 pa t3375 l42438 ls228">are </span><span class="pp-class-166 pa t3375 l42439 ls66">provided </span><span class="pp-class-166 pa t3375 l34473 ls228">for </span><span class="pp-class-166 pa t3375 l42440 ls851">following </span><span class="pp-class-166 pa t3375 l42441">an </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045 ls564">credit </span><span class="pp-class-166 pa t3387 l23596 ls48">loss </span><span class="pp-class-166 pa t3387 l42442">model. </span><span class="pp-class-166 pa t3387 l42443">The </span><span class="pp-class-166 pa t3387 l42444">model </span><span class="pp-class-166 pa t3387 l23674">includes </span><span class="pp-class-166 pa t3387 l42445 ls851">uninsured </span><span class="pp-class-166 pa t3387 l42446 ls1129">trade </span><span class="pp-class-166 pa t3387 l42447 ls2168">receivables </span><span class="pp-class-166 pa t3387 l12829">and </span><span class="pp-class-166 pa t3395 l3 ls704">contract </span><span class="pp-class-166 pa t3395 l20926 ls428">assets. </span><span class="pp-class-166 pa t3395 l41778">The </span><span class="pp-class-166 pa t3395 l3108">model </span><span class="pp-class-166 pa t3395 l16693">also </span><span class="pp-class-166 pa t3395 l23117 ls853">factors </span><span class="pp-class-166 pa t3395 l42448">in </span><span class="pp-class-166 pa t3395 l42449">any </span><span class="pp-class-166 pa t3395 l13702">own </span><span class="pp-class-166 pa t3395 l42450">risk </span><span class="pp-class-166 pa t3395 l42451">on </span><span class="pp-class-166 pa t3395 l42452 ls856">insured </span><span class="pp-class-166 pa t3395 l42453 ls1740">receivables. </span><span class="pp-class-166 pa t3406 l3 ls951">Expected </span><span class="pp-class-166 pa t3406 l42454 ls564">credit </span><span class="pp-class-166 pa t3406 l20994 ls48">loss </span><span class="pp-class-166 pa t3406 l42455">at </span><span class="pp-class-166 pa t3406 l42456">31 </span><span class="pp-class-166 pa t3406 l30347 ls234">December </span><span class="pp-class-166 pa t3406 l4365">2025 </span><span class="pp-class-166 pa t3406 l42457">and </span><span class="pp-class-166 pa t3406 l42458">31 </span><span class="pp-class-166 pa t3406 l31440 ls234">December </span><span class="pp-class-166 pa t3406 l42459">2024 </span><span class="pp-class-166 pa t3406 l42460">is </span><span class="pp-class-166 pa t3406 l12558 ls228">pre-</span><span class="pp-class-166 pa t3722 l3 ls740">sented </span><span class="pp-class-166 pa t3722 l4144">in </span><span class="pp-class-166 pa t3722 l22125">the </span><span class="pp-class-166 pa t3722 l22126 ls851">following </span><span class="pp-class-166 pa t3722 l30594 ls127">tables:</span></p></div></div><div id="pp-id-4463" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42461 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls228">Expected </span><span class="pp-class-170 pa t28110 l29030 ls6383">credit </span><span class="pp-class-170 pa t28110 l42462 ls115">loss </span><span class="pp-class-170 pa t28110 l42463 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42464 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42465">amount </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42466 ls1552">Expected </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42467 ls5290">loss </span><span class="pp-class-166 pa t37784 l42468 ls6607">rate </span><span class="pp-class-166 pa t37784 l42469 ls2273">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42470 ls189">Loss </span><span class="pp-class-166 pa t37784 l42471 ls2540">allowance </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28137">47,513</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42472">0.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28132">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40837 l26459">1-30 </span><span class="pp-class-166 pa t40837 l42473 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l33368">5,274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42472">1.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l28210">96</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40841 l26459">31-60 </span><span class="pp-class-166 pa t40841 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l33368">1,399</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42472">6.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28210">89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40842 l26459">61-90 </span><span class="pp-class-166 pa t40842 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28130">714</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42474">14.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28132">103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40847 l26459">91-120 </span><span class="pp-class-166 pa t40847 l42475 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28130">329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42474">28.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28210">92</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1410">Overdue </span><span class="pp-class-166 pa t37425 l26459">&gt;121 </span><span class="pp-class-166 pa t37425 l3911 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l33368">1,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42474">71.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28132">779</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l42476 ls2688">56,317</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37967 ls2690">1,259</span></p></td></tr></table></div></div><div id="pp-id-4464" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42461 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls228">Expected </span><span class="pp-class-170 pa t28110 l29030 ls6383">credit </span><span class="pp-class-170 pa t28110 l42462 ls115">loss </span><span class="pp-class-170 pa t28110 l42463 ls1853">2024</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42464 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42465">amount </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42477 ls951">Expected </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42478 ls48">loss </span><span class="pp-class-166 pa t37784 l42479 ls5905">rate </span><span class="pp-class-166 pa t37784 l42480">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42470 ls189">Loss </span><span class="pp-class-166 pa t37784 l42471 ls2540">allowance </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28137">28,685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42472">0.1%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28210">43</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40837 l26459">1-30 </span><span class="pp-class-166 pa t40837 l42473 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l33368">3,428</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42472">1.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l28210">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40841 l26459">31-60 </span><span class="pp-class-166 pa t40841 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28130">854</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42472">4.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28210">38</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40842 l26459">61-90 </span><span class="pp-class-166 pa t40842 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28130">364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42472">9.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28210">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40847 l26459">91-120 </span><span class="pp-class-166 pa t40847 l42475 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28130">210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42474">16.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28210">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1410">Overdue </span><span class="pp-class-166 pa t37425 l26459">&gt;121 </span><span class="pp-class-166 pa t37425 l3911 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28130">406</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42474">43.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28132">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l42476 ls2688">33,947</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l38178 ls1866">371</span></p></td></tr></table></div></div><div id="pp-id-4465" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h35081 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t6303 l3 ls1430">Current </span><span class="pp-class-166 pa t6303 l20615 ls1444">receivables </span><span class="pp-class-166 pa t6303 l27866 ls228">are </span><span class="pp-class-166 pa t6303 l42481 ls564">considered </span><span class="pp-class-166 pa t6303 l42482 ls135">to </span><span class="pp-class-166 pa t6303 l42483 ls48">have </span><span class="pp-class-166 pa t6303 l42484">high </span><span class="pp-class-166 pa t6303 l42485 ls28776">creditworthiness </span><span class="pp-class-166 pa t6303 l42486">with </span><span class="pp-class-166 pa t6303 l42487">a </span><span class="pp-class-166 pa t6303 l42488">low </span><span class="pp-class-166 pa t6312 l3">risk </span><span class="pp-class-166 pa t6312 l16292">of </span><span class="pp-class-166 pa t6312 l21407 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42489 l3">The </span><span class="pp-class-166 pa t42489 l1525 ls48">loss </span><span class="pp-class-166 pa t42489 l39614 ls2540">allowance </span><span class="pp-class-166 pa t42489 l42490 ls851">provision </span><span class="pp-class-166 pa t42489 l38176 ls228">for </span><span class="pp-class-166 pa t42489 l12003">the </span><span class="pp-class-166 pa t42489 l33932 ls48">year </span><span class="pp-class-166 pa t42489 l42491">is </span><span class="pp-class-166 pa t42489 l10660">specified </span><span class="pp-class-166 pa t42489 l37171 ls794">below:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42492 l3 ls2668">Loss </span><span class="pp-class-170 pa t42492 l21643 ls129">allowance </span><span class="pp-class-170 pa t42492 l42493 ls191">provision</span><span class="pp-class-166 pa t42492 l42494"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42495 l3">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42495 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42495 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l3 ls2236">Provision </span><span class="pp-class-166 pa t42496 l42497">at </span><span class="pp-class-166 pa t42496 l2509">1 </span><span class="pp-class-166 pa t42496 l42498 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l28131">371</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l28132">331</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l3 ls704">Losses </span><span class="pp-class-166 pa t42499 l42500 ls702">recognised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l42501">(210)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l40006">(120)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l3 ls1217">Reversal </span><span class="pp-class-166 pa t42502 l10432">of </span><span class="pp-class-166 pa t42502 l40848 ls164">provisions </span><span class="pp-class-166 pa t42502 l9946 ls267">from </span><span class="pp-class-166 pa t42502 l25271 ls66">previous </span><span class="pp-class-166 pa t42502 l42503 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l42501">(250)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l40006">(206)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l3">Additions </span><span class="pp-class-166 pa t42504 l35356 ls228">for </span><span class="pp-class-166 pa t42504 l14735">the </span><span class="pp-class-166 pa t42504 l494 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l28131">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l28132">363</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42505 l3">Additions </span><span class="pp-class-166 pa t42505 l35356 ls267">from </span><span class="pp-class-166 pa t42505 l39069 ls394">business </span><span class="pp-class-166 pa t42505 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42505 l32699">1,036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-171 pa t42505 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l3 ls187">Currency </span><span class="pp-class-166 pa t42506 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l42507">(43)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l28532">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l3 ls4132">Provision </span><span class="pp-class-170 pa t42508 l42509 ls1866">at </span><span class="pp-class-170 pa t42508 l42510 ls1866">31 </span><span class="pp-class-170 pa t42508 l42511 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l41458 ls2690">1,259</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l38178 ls1866">371</span></p></td></tr></table><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42512 l3">Impairment </span><span class="pp-class-166 pa t42512 l38085 ls239">losses </span><span class="pp-class-166 pa t42512 l42513">on </span><span class="pp-class-166 pa t42512 l42514 ls1129">trade </span><span class="pp-class-166 pa t42512 l10634 ls1444">receivables </span><span class="pp-class-166 pa t42512 l2864 ls228">for </span><span class="pp-class-166 pa t42512 l42515">2025 </span><span class="pp-class-166 pa t42512 l6412 ls234">amounted </span><span class="pp-class-166 pa t42512 l42516 ls135">to </span><span class="pp-class-166 pa t42512 l42517">DKK </span><span class="pp-class-166 pa t42512 l42518">210 </span><span class="pp-class-166 pa t42512 l30730">million, </span><span class="pp-class-166 pa t6462 l3 ls5508">corresponding </span><span class="pp-class-166 pa t6462 l14462 ls135">to </span><span class="pp-class-166 pa t6462 l14463">0.08% </span><span class="pp-class-166 pa t6462 l18773">of </span><span class="pp-class-166 pa t6462 l18774 ls1119">consolidated </span><span class="pp-class-166 pa t6462 l42519 ls1410">revenue </span><span class="pp-class-166 pa t6462 l28839">(2024: </span><span class="pp-class-166 pa t6462 l23839">DKK </span><span class="pp-class-166 pa t6462 l42520">120 </span><span class="pp-class-166 pa t6462 l42521">million, </span><span class="pp-class-166 pa t6472 l3">or </span><span class="pp-class-166 pa t6472 l21054">0.07%).</span></p></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41758 l3 ls218">Foreign </span><span class="pp-class-170 pa t41758 l6521 ls377">currency </span><span class="pp-class-170 pa t41758 l30653">risk</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41759 l3">Due </span><span class="pp-class-166 pa t41759 l8994 ls135">to </span><span class="pp-class-166 pa t41759 l8995">its </span><span class="pp-class-166 pa t41759 l6233">global </span><span class="pp-class-166 pa t41759 l41760 ls1625">activities, </span><span class="pp-class-166 pa t41759 l41761">the </span><span class="pp-class-166 pa t41759 l41762 ls497">Group </span><span class="pp-class-166 pa t41759 l41763">is </span><span class="pp-class-166 pa t41759 l41764 ls135">to </span><span class="pp-class-166 pa t41759 l10925">some </span><span class="pp-class-166 pa t41759 l22025 ls564">degree </span><span class="pp-class-166 pa t41759 l41765 ls1849">exposed </span><span class="pp-class-166 pa t41759 l41766 ls135">to </span><span class="pp-class-166 pa t41759 l7464 ls851">exchange </span><span class="pp-class-166 pa t41767 l3 ls5905">rate </span><span class="pp-class-166 pa t41767 l41768 ls457">fluctuations. </span><span class="pp-class-166 pa t41767 l40057">DSV </span><span class="pp-class-166 pa t41767 l32339 ls1831">seeks </span><span class="pp-class-166 pa t41767 l41769 ls135">to </span><span class="pp-class-166 pa t41767 l41770 ls1428">eliminate </span><span class="pp-class-166 pa t41767 l41771 ls228">foreign </span><span class="pp-class-166 pa t41767 l41772 ls1849">currency </span><span class="pp-class-166 pa t41767 l41773 ls1831">risks </span><span class="pp-class-166 pa t41767 l41774">by </span><span class="pp-class-166 pa t41767 l41775">hedging </span><span class="pp-class-166 pa t41767 l41776 ls4372">cur-</span><span class="pp-class-166 pa t41777 l3 ls2487">rency </span><span class="pp-class-166 pa t41777 l1276 ls7096">exposures </span><span class="pp-class-166 pa t41777 l41778 ls6530">centrally </span><span class="pp-class-166 pa t41777 l41779 ls1853">via </span><span class="pp-class-166 pa t41777 l30202 ls1853">the </span><span class="pp-class-166 pa t41777 l9261 ls16387">Group’s </span><span class="pp-class-166 pa t41777 l39463 ls2168">Treasury </span><span class="pp-class-166 pa t41777 l41780 ls152">department. </span><span class="pp-class-166 pa t41777 l5504 ls1853">The </span><span class="pp-class-166 pa t41777 l41781 ls2690">risk </span><span class="pp-class-166 pa t41777 l41782 ls2315">exposure </span><span class="pp-class-166 pa t41783 l3 ls1866">is </span><span class="pp-class-166 pa t41783 l41784 ls2660">managed </span><span class="pp-class-166 pa t41783 l41785 ls1866">on </span><span class="pp-class-166 pa t41783 l4519 ls2307">a </span><span class="pp-class-166 pa t41783 l41786 ls2349">net </span><span class="pp-class-166 pa t41783 l41787 ls1858">basis, </span><span class="pp-class-166 pa t41783 l39953 ls115">primarily </span><span class="pp-class-166 pa t41783 l41788 ls1866">by </span><span class="pp-class-166 pa t41783 l41789 ls2688">using </span><span class="pp-class-166 pa t41783 l41790 ls2245">foreign </span><span class="pp-class-166 pa t41783 l41791 ls1855">exchange </span><span class="pp-class-166 pa t41783 l41792 ls2263">forward </span><span class="pp-class-166 pa t41783 l41793 ls6351">contracts. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41794 l3">The </span><span class="pp-class-166 pa t41794 l1525 ls1165">Group’s </span><span class="pp-class-166 pa t41794 l41681 ls228">foreign </span><span class="pp-class-166 pa t41794 l41795">subsidiaries </span><span class="pp-class-166 pa t41794 l26462 ls228">are </span><span class="pp-class-166 pa t41794 l23961 ls1528">not </span><span class="pp-class-166 pa t41794 l41796 ls1849">affected </span><span class="pp-class-166 pa t41794 l20221 ls497">where </span><span class="pp-class-166 pa t41794 l36702 ls59">trading </span><span class="pp-class-166 pa t41794 l41797 ls740">income </span><span class="pp-class-166 pa t41794 l41798">and </span><span class="pp-class-166 pa t41799 l3 ls1129">costs </span><span class="pp-class-166 pa t41799 l37981 ls228">are </span><span class="pp-class-166 pa t41799 l13295 ls86">denominated </span><span class="pp-class-166 pa t41799 l41800">in </span><span class="pp-class-166 pa t41799 l41801">the </span><span class="pp-class-166 pa t41799 l41802 ls1575">local </span><span class="pp-class-166 pa t41799 l41803 ls3593">functional </span><span class="pp-class-166 pa t41799 l14964 ls614">currency. </span><span class="pp-class-166 pa t41799 l36197">This </span><span class="pp-class-166 pa t41799 l36606">applies </span><span class="pp-class-166 pa t41799 l41804 ls135">to </span><span class="pp-class-166 pa t41799 l41805">a </span><span class="pp-class-166 pa t41799 l41806 ls497">large </span><span class="pp-class-166 pa t41807 l3 ls2390">part </span><span class="pp-class-166 pa t41807 l41808">of </span><span class="pp-class-166 pa t41807 l22020">the </span><span class="pp-class-166 pa t41807 l39615 ls1165">Group’s </span><span class="pp-class-166 pa t41807 l41809">subsidiaries. </span><span class="pp-class-166 pa t41807 l41810 ls1761">Furthermore, </span><span class="pp-class-166 pa t41807 l41068">a </span><span class="pp-class-166 pa t41807 l119 ls497">large </span><span class="pp-class-166 pa t41807 l35885 ls923">proportion </span><span class="pp-class-166 pa t41807 l41811">of </span><span class="pp-class-166 pa t41807 l41812">the </span><span class="pp-class-166 pa t41807 l41813 ls740">income </span><span class="pp-class-166 pa t41814 l3">and </span><span class="pp-class-166 pa t41814 l1192 ls1683">expenses </span><span class="pp-class-166 pa t41814 l41815">of </span><span class="pp-class-166 pa t41814 l41816">the </span><span class="pp-class-166 pa t41814 l32663 ls497">Group </span><span class="pp-class-166 pa t41814 l32572 ls228">are </span><span class="pp-class-166 pa t41814 l31247 ls86">denominated </span><span class="pp-class-166 pa t41814 l41817">in </span><span class="pp-class-166 pa t41814 l34344 ls2628">EUR, </span><span class="pp-class-166 pa t41814 l22026">and </span><span class="pp-class-166 pa t41814 l41818">the </span><span class="pp-class-166 pa t41814 l41819 ls169">total </span><span class="pp-class-166 pa t41814 l12271 ls228">foreign </span><span class="pp-class-166 pa t41820 l3 ls1849">currency </span><span class="pp-class-166 pa t41820 l36591">risk </span><span class="pp-class-166 pa t41820 l12317">is </span><span class="pp-class-166 pa t41820 l36799 ls96">therefore </span><span class="pp-class-166 pa t41820 l41821 ls187">limited.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42054 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t42054 l38818 ls951">analysis</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42055 l3 ls1853">The </span><span class="pp-class-166 pa t42055 l1942 ls228">sensitivity </span><span class="pp-class-166 pa t42055 l38832 ls2708">analysis </span><span class="pp-class-166 pa t42055 l42056 ls5045">provides </span><span class="pp-class-166 pa t42055 l42057 ls1866">an </span><span class="pp-class-166 pa t42055 l42058 ls1346">overview </span><span class="pp-class-166 pa t42055 l42059 ls1866">of </span><span class="pp-class-166 pa t42055 l42060 ls1853">the </span><span class="pp-class-166 pa t42055 l42061 ls16387">Group’s </span><span class="pp-class-166 pa t42055 l42062 ls1855">consolidated </span><span class="pp-class-166 pa t42055 l42063 ls129">transla-</span><span class="pp-class-166 pa t42064 l3 ls2690">tion </span><span class="pp-class-166 pa t42064 l42065 ls2690">risk </span><span class="pp-class-166 pa t42064 l39961 ls2693">associated </span><span class="pp-class-166 pa t42064 l42066 ls2690">with </span><span class="pp-class-166 pa t42064 l2608 ls2487">significant </span><span class="pp-class-166 pa t42064 l10613 ls2672">currency </span><span class="pp-class-166 pa t42064 l42067 ls13624">exposures. </span><span class="pp-class-166 pa t42064 l42068 ls1853">The </span><span class="pp-class-166 pa t42064 l42069 ls2247">Group </span><span class="pp-class-166 pa t42064 l42070 ls1866">is </span><span class="pp-class-166 pa t42064 l42071 ls2313">not </span><span class="pp-class-166 pa t42064 l42072 ls13029">materi-</span><span class="pp-class-166 pa t42073 l3 ls2690">ally </span><span class="pp-class-166 pa t42073 l42074 ls2483">exposed </span><span class="pp-class-166 pa t42073 l42075 ls2302">to </span><span class="pp-class-166 pa t42073 l42076 ls5048">transaction </span><span class="pp-class-166 pa t42073 l40541 ls189">risk. </span><span class="pp-class-166 pa t42073 l42077 ls1172">For </span><span class="pp-class-166 pa t42073 l42078 ls4405">EUR/DKK </span><span class="pp-class-166 pa t42073 l42079 ls7096">exposure, </span><span class="pp-class-166 pa t42073 l10861 ls1853">the </span><span class="pp-class-166 pa t42073 l42080 ls228">sensitivity </span><span class="pp-class-166 pa t42073 l42081 ls2382">analysis </span><span class="pp-class-166 pa t42082 l3 ls13029">evaluates </span><span class="pp-class-166 pa t42082 l42083 ls1853">the </span><span class="pp-class-166 pa t42082 l5954 ls265">impact </span><span class="pp-class-166 pa t42082 l24167 ls1866">of </span><span class="pp-class-166 pa t42082 l3608 ls2307">a </span><span class="pp-class-166 pa t42082 l42084 ls1866">2% </span><span class="pp-class-166 pa t42082 l42085 ls96">variation </span><span class="pp-class-166 pa t42082 l42086 ls1866">in </span><span class="pp-class-166 pa t42082 l41719 ls1855">average </span><span class="pp-class-166 pa t42082 l5233 ls1855">exchange </span><span class="pp-class-166 pa t42082 l42087 ls6538">rates </span><span class="pp-class-166 pa t42082 l42088 ls1858">during </span><span class="pp-class-166 pa t42082 l42089 ls1853">the </span><span class="pp-class-166 pa t42082 l37796 ls73">year </span><span class="pp-class-166 pa t42090 l3 ls1866">on </span><span class="pp-class-166 pa t42090 l3349 ls2836">profit/loss </span><span class="pp-class-166 pa t42090 l16178 ls1740">(EBIT) </span><span class="pp-class-166 pa t42090 l42091 ls1853">and </span><span class="pp-class-166 pa t42090 l42092 ls1853">the </span><span class="pp-class-166 pa t42090 l1543 ls6394">effect </span><span class="pp-class-166 pa t42090 l11871 ls1866">of </span><span class="pp-class-166 pa t42090 l41763 ls2307">a </span><span class="pp-class-166 pa t42090 l42093 ls1866">2% </span><span class="pp-class-166 pa t42090 l42094 ls96">variation </span><span class="pp-class-166 pa t42090 l42095 ls1866">in </span><span class="pp-class-166 pa t42090 l42096 ls2298">year-end </span><span class="pp-class-166 pa t42090 l42097 ls1855">exchange </span><span class="pp-class-166 pa t42090 l42098 ls2247">rates </span><span class="pp-class-166 pa t42099 l3 ls1866">on </span><span class="pp-class-166 pa t42099 l3349 ls1174">other </span><span class="pp-class-166 pa t42099 l1914 ls1186">comprehensive </span><span class="pp-class-166 pa t42099 l42100 ls2693">income. </span><span class="pp-class-166 pa t42099 l26094 ls1172">For </span><span class="pp-class-166 pa t42099 l4175 ls1174">other </span><span class="pp-class-166 pa t42099 l42101 ls2487">significant </span><span class="pp-class-166 pa t42099 l42102 ls2672">currency </span><span class="pp-class-166 pa t42099 l4515 ls13624">exposures, </span><span class="pp-class-166 pa t42099 l42103 ls2307">the </span><span class="pp-class-166 pa t42104 l3 ls2708">analysis </span><span class="pp-class-166 pa t42104 l42105 ls18249">assesses </span><span class="pp-class-166 pa t42104 l42106 ls1853">the </span><span class="pp-class-166 pa t42104 l42107 ls265">impact </span><span class="pp-class-166 pa t42104 l42108 ls1866">of </span><span class="pp-class-166 pa t42104 l42109 ls2307">a </span><span class="pp-class-166 pa t42104 l42110 ls1866">5% </span><span class="pp-class-166 pa t42104 l42111 ls96">variation </span><span class="pp-class-166 pa t42104 l42112 ls1866">in </span><span class="pp-class-166 pa t42104 l42113 ls1855">average </span><span class="pp-class-166 pa t42104 l42114 ls1855">exchange </span><span class="pp-class-166 pa t42104 l42115 ls6538">rates </span><span class="pp-class-166 pa t42104 l42116 ls1868">during </span><span class="pp-class-166 pa t42117 l3">the </span><span class="pp-class-166 pa t42117 l1913 ls48">year </span><span class="pp-class-166 pa t42117 l21073">on </span><span class="pp-class-166 pa t42117 l6293 ls2179">profit/loss </span><span class="pp-class-166 pa t42117 l42118 ls8026">(EBIT) </span><span class="pp-class-166 pa t42117 l42119">and </span><span class="pp-class-166 pa t42117 l38953">the </span><span class="pp-class-166 pa t42117 l42120 ls2221">effect </span><span class="pp-class-166 pa t42117 l42121">of </span><span class="pp-class-166 pa t42117 l42122">a </span><span class="pp-class-166 pa t42117 l42123">5% </span><span class="pp-class-166 pa t42117 l6360 ls394">variation </span><span class="pp-class-166 pa t42117 l28098">in </span><span class="pp-class-166 pa t42117 l42124 ls851">year-end </span><span class="pp-class-166 pa t42125 l3 ls851">exchange </span><span class="pp-class-166 pa t42125 l8930 ls54">rates </span><span class="pp-class-166 pa t42125 l10448">on </span><span class="pp-class-166 pa t42125 l42126 ls75">other </span><span class="pp-class-166 pa t42125 l2214 ls495">comprehensive </span><span class="pp-class-166 pa t42125 l42127 ls187">income. </span><span class="pp-class-166 pa t42125 l42128">The </span><span class="pp-class-166 pa t42125 l14406 ls3968">methodology </span><span class="pp-class-166 pa t42125 l42129">applied </span><span class="pp-class-166 pa t42130 l3">in </span><span class="pp-class-166 pa t42130 l1746">the </span><span class="pp-class-166 pa t42130 l1747 ls3185">sensitivity </span><span class="pp-class-166 pa t42130 l42131 ls2179">analysis </span><span class="pp-class-166 pa t42130 l42084 ls856">remains </span><span class="pp-class-166 pa t42130 l42132 ls1528">consistent </span><span class="pp-class-166 pa t42130 l2389">with </span><span class="pp-class-166 pa t42130 l42133">that </span><span class="pp-class-166 pa t42130 l42134">used </span><span class="pp-class-166 pa t42130 l12422">in </span><span class="pp-class-166 pa t42130 l42135">prior </span><span class="pp-class-166 pa t42130 l42136 ls101">years.</span></p><div id="pp-id-4458" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42137 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42138">Unhedged </span><span class="pp-class-166 pa t28110 l42139 ls614">intra-group </span><span class="pp-class-166 pa t28110 l42140 ls187">balances</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42141 ls2870">Foreign </span><span class="pp-class-166 pa t28110 l42142 ls1849">currency </span><span class="pp-class-166 pa t28110 l42143 ls977">translation </span><span class="pp-class-166 pa t28110 l42144">risk </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37512 l3 ls2690">Main </span><span class="pp-class-170 pa t37512 l1488 ls13591">currency </span><span class="pp-class-170 pa t37512 l22726 ls1824">exposures </span><span class="pp-class-170 pa t37512 l42145">- </span><span class="pp-class-170 pa t37512 l34707 ls228">sensitivity</span><span class="pp-class-166 pa t38901 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l42146 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42147">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l42148 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42149">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42150 ls234">Net </span><span class="pp-class-166 pa t38901 l42151">position</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42152 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42153">on </span><span class="pp-class-166 pa t38901 l42154 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42155 ls234">Net </span><span class="pp-class-166 pa t38901 l42156">position</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42157 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42158">on </span><span class="pp-class-166 pa t38901 l42159 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42160 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42161">on </span><span class="pp-class-166 pa t38901 l42162 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42163 ls1636">Impact </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l42164">on </span><span class="pp-class-166 pa t38901 l42165">OCI</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42166 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42167">on </span><span class="pp-class-166 pa t38901 l42168 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42169 ls1636">Impact </span><span class="pp-class-166 pa t38901 l42170">on </span><span class="pp-class-166 pa t38901 l42171">OCI</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l3 ls3982">EUR/DKK </span><span class="pp-class-166 pa t42172 l42173">(2%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42174">(65,628)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42175"/><span class="pp-class-166 pa t42172 l42176">± </span><span class="pp-class-166 pa t42172 l42177">1,313</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42178">(53,056)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42179"/><span class="pp-class-166 pa t42172 l42180">± </span><span class="pp-class-166 pa t42172 l38231">1,061</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42181">± </span><span class="pp-class-166 pa t42172 l41337">96</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42182"/><span class="pp-class-166 pa t42172 l42183">± </span><span class="pp-class-166 pa t42172 l42184">1,285</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42185">± </span><span class="pp-class-166 pa t42172 l42186">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42187"/><span class="pp-class-166 pa t42172 l42188">± </span><span class="pp-class-166 pa t42172 l38253">450</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l3 ls1416">CNY/DKK </span><span class="pp-class-166 pa t42189 l5606">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42190">(2,175)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42191"/><span class="pp-class-166 pa t42189 l42192">± </span><span class="pp-class-166 pa t42189 l42193">109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42194">(2,053)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42195"/><span class="pp-class-166 pa t42189 l42196">± </span><span class="pp-class-166 pa t42189 l38220">103</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42181">± </span><span class="pp-class-166 pa t42189 l41337">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42197"/><span class="pp-class-166 pa t42189 l42198">± </span><span class="pp-class-166 pa t42189 l42199">570</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42200">±66</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l28847">±310</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l3 ls4259">USD/DKK </span><span class="pp-class-166 pa t42201 l42202">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42203">6,757</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42204">±338</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42205">1,026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l38220">±51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42206">±115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42182"/><span class="pp-class-166 pa t42201 l42183">± </span><span class="pp-class-166 pa t42201 l42184">1,278</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42207">±123</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l28847">±831</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l3 ls3982">CHF/DKK </span><span class="pp-class-166 pa t42208 l42209">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42190">(1,458)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42193">±73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42210">(726)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l38220">±36 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42181">± </span><span class="pp-class-166 pa t42208 l41337">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42197"/><span class="pp-class-166 pa t42208 l42198">± </span><span class="pp-class-166 pa t42208 l42199">309</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42200">±16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l28847">±234</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l3 ls3982">PLN/DKK </span><span class="pp-class-166 pa t42211 l42212">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42190">(1,090)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42193">±55</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42210">(554)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l38220">±28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42213">±18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42197"/><span class="pp-class-166 pa t42211 l42198">± </span><span class="pp-class-166 pa t42211 l42199">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42200">±17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l38253">±68</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l3 ls4259">SGD/DKK </span><span class="pp-class-166 pa t42214 l42215">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42190">(1,398)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42193">±70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42210">(544)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l38220">±27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42213">±34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42197"/><span class="pp-class-166 pa t42214 l42198">± </span><span class="pp-class-166 pa t42214 l42199">576</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42185">± </span><span class="pp-class-166 pa t42214 l42186">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l28847">±119</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l3 ls3982">SEK/DKK </span><span class="pp-class-166 pa t39117 l26868">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42190">(3,709)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42204">±185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42210">(244)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42216"/><span class="pp-class-166 pa t39117 l42217">± </span><span class="pp-class-166 pa t39117 l38243">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42213">±44</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42197"/><span class="pp-class-166 pa t39117 l42198">± </span><span class="pp-class-166 pa t39117 l42199">556</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42185">± </span><span class="pp-class-166 pa t39117 l42186">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42218"/><span class="pp-class-166 pa t39117 l41882">± </span><span class="pp-class-166 pa t39117 l42219">55</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42221 ls1853">n.a.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42222 ls2688">±1,467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42223 ls1853">n.a.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42224"/><span class="pp-class-170 pa t42220 l42225 ls2307">± </span><span class="pp-class-170 pa t42220 l42226 ls2690">1,216</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42227 ls2307">± </span><span class="pp-class-170 pa t42220 l42228 ls1866">418</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42229"/><span class="pp-class-170 pa t42220 l42230 ls2307">± </span><span class="pp-class-170 pa t42220 l42231 ls2690">4,724</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42232 ls2307">± </span><span class="pp-class-170 pa t42220 l42233 ls1866">328</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42234"/><span class="pp-class-170 pa t42220 l42235 ls2307">± </span><span class="pp-class-170 pa t42220 l41898 ls2690">2,067</span></p></td></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41758 l3 ls218">Foreign </span><span class="pp-class-170 pa t41758 l6521 ls377">currency </span><span class="pp-class-170 pa t41758 l30653">risk</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41759 l3">Due </span><span class="pp-class-166 pa t41759 l8994 ls135">to </span><span class="pp-class-166 pa t41759 l8995">its </span><span class="pp-class-166 pa t41759 l6233">global </span><span class="pp-class-166 pa t41759 l41760 ls1625">activities, </span><span class="pp-class-166 pa t41759 l41761">the </span><span class="pp-class-166 pa t41759 l41762 ls497">Group </span><span class="pp-class-166 pa t41759 l41763">is </span><span class="pp-class-166 pa t41759 l41764 ls135">to </span><span class="pp-class-166 pa t41759 l10925">some </span><span class="pp-class-166 pa t41759 l22025 ls564">degree </span><span class="pp-class-166 pa t41759 l41765 ls1849">exposed </span><span class="pp-class-166 pa t41759 l41766 ls135">to </span><span class="pp-class-166 pa t41759 l7464 ls851">exchange </span><span class="pp-class-166 pa t41767 l3 ls5905">rate </span><span class="pp-class-166 pa t41767 l41768 ls457">fluctuations. </span><span class="pp-class-166 pa t41767 l40057">DSV </span><span class="pp-class-166 pa t41767 l32339 ls1831">seeks </span><span class="pp-class-166 pa t41767 l41769 ls135">to </span><span class="pp-class-166 pa t41767 l41770 ls1428">eliminate </span><span class="pp-class-166 pa t41767 l41771 ls228">foreign </span><span class="pp-class-166 pa t41767 l41772 ls1849">currency </span><span class="pp-class-166 pa t41767 l41773 ls1831">risks </span><span class="pp-class-166 pa t41767 l41774">by </span><span class="pp-class-166 pa t41767 l41775">hedging </span><span class="pp-class-166 pa t41767 l41776 ls4372">cur-</span><span class="pp-class-166 pa t41777 l3 ls2487">rency </span><span class="pp-class-166 pa t41777 l1276 ls7096">exposures </span><span class="pp-class-166 pa t41777 l41778 ls6530">centrally </span><span class="pp-class-166 pa t41777 l41779 ls1853">via </span><span class="pp-class-166 pa t41777 l30202 ls1853">the </span><span class="pp-class-166 pa t41777 l9261 ls16387">Group’s </span><span class="pp-class-166 pa t41777 l39463 ls2168">Treasury </span><span class="pp-class-166 pa t41777 l41780 ls152">department. </span><span class="pp-class-166 pa t41777 l5504 ls1853">The </span><span class="pp-class-166 pa t41777 l41781 ls2690">risk </span><span class="pp-class-166 pa t41777 l41782 ls2315">exposure </span><span class="pp-class-166 pa t41783 l3 ls1866">is </span><span class="pp-class-166 pa t41783 l41784 ls2660">managed </span><span class="pp-class-166 pa t41783 l41785 ls1866">on </span><span class="pp-class-166 pa t41783 l4519 ls2307">a </span><span class="pp-class-166 pa t41783 l41786 ls2349">net </span><span class="pp-class-166 pa t41783 l41787 ls1858">basis, </span><span class="pp-class-166 pa t41783 l39953 ls115">primarily </span><span class="pp-class-166 pa t41783 l41788 ls1866">by </span><span class="pp-class-166 pa t41783 l41789 ls2688">using </span><span class="pp-class-166 pa t41783 l41790 ls2245">foreign </span><span class="pp-class-166 pa t41783 l41791 ls1855">exchange </span><span class="pp-class-166 pa t41783 l41792 ls2263">forward </span><span class="pp-class-166 pa t41783 l41793 ls6351">contracts. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41794 l3">The </span><span class="pp-class-166 pa t41794 l1525 ls1165">Group’s </span><span class="pp-class-166 pa t41794 l41681 ls228">foreign </span><span class="pp-class-166 pa t41794 l41795">subsidiaries </span><span class="pp-class-166 pa t41794 l26462 ls228">are </span><span class="pp-class-166 pa t41794 l23961 ls1528">not </span><span class="pp-class-166 pa t41794 l41796 ls1849">affected </span><span class="pp-class-166 pa t41794 l20221 ls497">where </span><span class="pp-class-166 pa t41794 l36702 ls59">trading </span><span class="pp-class-166 pa t41794 l41797 ls740">income </span><span class="pp-class-166 pa t41794 l41798">and </span><span class="pp-class-166 pa t41799 l3 ls1129">costs </span><span class="pp-class-166 pa t41799 l37981 ls228">are </span><span class="pp-class-166 pa t41799 l13295 ls86">denominated </span><span class="pp-class-166 pa t41799 l41800">in </span><span class="pp-class-166 pa t41799 l41801">the </span><span class="pp-class-166 pa t41799 l41802 ls1575">local </span><span class="pp-class-166 pa t41799 l41803 ls3593">functional </span><span class="pp-class-166 pa t41799 l14964 ls614">currency. </span><span class="pp-class-166 pa t41799 l36197">This </span><span class="pp-class-166 pa t41799 l36606">applies </span><span class="pp-class-166 pa t41799 l41804 ls135">to </span><span class="pp-class-166 pa t41799 l41805">a </span><span class="pp-class-166 pa t41799 l41806 ls497">large </span><span class="pp-class-166 pa t41807 l3 ls2390">part </span><span class="pp-class-166 pa t41807 l41808">of </span><span class="pp-class-166 pa t41807 l22020">the </span><span class="pp-class-166 pa t41807 l39615 ls1165">Group’s </span><span class="pp-class-166 pa t41807 l41809">subsidiaries. </span><span class="pp-class-166 pa t41807 l41810 ls1761">Furthermore, </span><span class="pp-class-166 pa t41807 l41068">a </span><span class="pp-class-166 pa t41807 l119 ls497">large </span><span class="pp-class-166 pa t41807 l35885 ls923">proportion </span><span class="pp-class-166 pa t41807 l41811">of </span><span class="pp-class-166 pa t41807 l41812">the </span><span class="pp-class-166 pa t41807 l41813 ls740">income </span><span class="pp-class-166 pa t41814 l3">and </span><span class="pp-class-166 pa t41814 l1192 ls1683">expenses </span><span class="pp-class-166 pa t41814 l41815">of </span><span class="pp-class-166 pa t41814 l41816">the </span><span class="pp-class-166 pa t41814 l32663 ls497">Group </span><span class="pp-class-166 pa t41814 l32572 ls228">are </span><span class="pp-class-166 pa t41814 l31247 ls86">denominated </span><span class="pp-class-166 pa t41814 l41817">in </span><span class="pp-class-166 pa t41814 l34344 ls2628">EUR, </span><span class="pp-class-166 pa t41814 l22026">and </span><span class="pp-class-166 pa t41814 l41818">the </span><span class="pp-class-166 pa t41814 l41819 ls169">total </span><span class="pp-class-166 pa t41814 l12271 ls228">foreign </span><span class="pp-class-166 pa t41820 l3 ls1849">currency </span><span class="pp-class-166 pa t41820 l36591">risk </span><span class="pp-class-166 pa t41820 l12317">is </span><span class="pp-class-166 pa t41820 l36799 ls96">therefore </span><span class="pp-class-166 pa t41820 l41821 ls187">limited.</span></p><div class="pp-class-4" id="pp-id-4457" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h35081 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40744 l3">The </span><span class="pp-class-166 pa t40744 l1525 ls497">Group </span><span class="pp-class-166 pa t40744 l36541">is </span><span class="pp-class-166 pa t40744 l41938 ls1849">exposed </span><span class="pp-class-166 pa t40744 l974 ls135">to </span><span class="pp-class-166 pa t40744 l16162 ls228">foreign </span><span class="pp-class-166 pa t40744 l41939 ls1849">currency </span><span class="pp-class-166 pa t40744 l41940 ls1831">risks </span><span class="pp-class-166 pa t40744 l41941 ls66">relating </span><span class="pp-class-166 pa t40744 l27026 ls135">to </span><span class="pp-class-166 pa t40744 l41942">the </span><span class="pp-class-166 pa t40744 l38130 ls977">translation </span><span class="pp-class-166 pa t40744 l6003">of </span><span class="pp-class-166 pa t40745 l3 ls923">debt </span><span class="pp-class-166 pa t40745 l41943 ls86">denominated </span><span class="pp-class-166 pa t40745 l28758">in </span><span class="pp-class-166 pa t40745 l41944 ls228">foreign </span><span class="pp-class-166 pa t40745 l41945 ls1849">currency </span><span class="pp-class-166 pa t40745 l39629 ls75">other </span><span class="pp-class-166 pa t40745 l12957">than </span><span class="pp-class-166 pa t40745 l41946">the </span><span class="pp-class-166 pa t40745 l6011 ls3593">functional </span><span class="pp-class-166 pa t40745 l41947 ls1849">currency </span><span class="pp-class-166 pa t40745 l41948">and </span><span class="pp-class-166 pa t40749 l3">the </span><span class="pp-class-166 pa t40749 l1913 ls977">translation </span><span class="pp-class-166 pa t40749 l27107">of </span><span class="pp-class-166 pa t40749 l41949 ls234">net </span><span class="pp-class-166 pa t40749 l30578 ls226">investments </span><span class="pp-class-166 pa t40749 l19418">in </span><span class="pp-class-166 pa t40749 l41950">entities </span><span class="pp-class-166 pa t40749 l41951">with </span><span class="pp-class-166 pa t40749 l3092">a </span><span class="pp-class-166 pa t40749 l41952 ls3593">functional </span><span class="pp-class-166 pa t40749 l12073 ls1849">currency </span><span class="pp-class-166 pa t40749 l41953 ls75">other </span><span class="pp-class-166 pa t41954 l3">than </span><span class="pp-class-166 pa t41954 l2010 ls3309">DKK. </span><span class="pp-class-166 pa t41954 l29865">The </span><span class="pp-class-166 pa t41954 l41317">risk </span><span class="pp-class-166 pa t41954 l41955 ls2221">affects </span><span class="pp-class-166 pa t41954 l41956 ls564">profit </span><span class="pp-class-166 pa t41954 l11109 ls1498">before </span><span class="pp-class-166 pa t41954 l41957 ls3094">tax. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40758 l3">On </span><span class="pp-class-166 pa t40758 l9340 ls5508">recognition </span><span class="pp-class-166 pa t40758 l41958">of </span><span class="pp-class-166 pa t40758 l41959 ls234">net </span><span class="pp-class-166 pa t40758 l41960 ls226">investments </span><span class="pp-class-166 pa t40758 l5345">in </span><span class="pp-class-166 pa t40758 l41961 ls228">foreign </span><span class="pp-class-166 pa t40758 l41962">subsidiaries, </span><span class="pp-class-166 pa t40758 l15043">the </span><span class="pp-class-166 pa t40758 l30323 ls497">Group </span><span class="pp-class-166 pa t40758 l41963">is </span><span class="pp-class-166 pa t40758 l41964 ls1849">exposed </span><span class="pp-class-166 pa t40766 l3 ls135">to </span><span class="pp-class-166 pa t40766 l2457">a </span><span class="pp-class-166 pa t40766 l41965 ls977">translation </span><span class="pp-class-166 pa t40766 l41966">risk </span><span class="pp-class-166 pa t40766 l41967">when </span><span class="pp-class-166 pa t40766 l23925">the </span><span class="pp-class-166 pa t40766 l5588 ls564">profit </span><span class="pp-class-166 pa t40766 l41968">or </span><span class="pp-class-166 pa t40766 l41969 ls48">loss </span><span class="pp-class-166 pa t40766 l41970">and </span><span class="pp-class-166 pa t40766 l41971 ls1701">equity </span><span class="pp-class-166 pa t40766 l41972">of </span><span class="pp-class-166 pa t40766 l41973 ls228">foreign </span><span class="pp-class-166 pa t40766 l41974">subsidiaries </span><span class="pp-class-166 pa t40771 l3 ls228">are </span><span class="pp-class-166 pa t40771 l2357 ls1528">translated </span><span class="pp-class-166 pa t40771 l41975 ls1122">into </span><span class="pp-class-166 pa t40771 l34647">DKK </span><span class="pp-class-166 pa t40771 l41976">at </span><span class="pp-class-166 pa t40771 l5744">the </span><span class="pp-class-166 pa t40771 l2635 ls1428">reporting </span><span class="pp-class-166 pa t40771 l41977 ls1122">date </span><span class="pp-class-166 pa t40771 l27032">based </span><span class="pp-class-166 pa t40771 l41978">on </span><span class="pp-class-166 pa t40771 l36129">the </span><span class="pp-class-166 pa t40771 l8835 ls946">average </span><span class="pp-class-166 pa t40771 l41979 ls54">rates </span><span class="pp-class-166 pa t40771 l41980">of </span><span class="pp-class-166 pa t41981 l3 ls851">exchange </span><span class="pp-class-166 pa t41981 l8930">and </span><span class="pp-class-166 pa t41981 l3377">the </span><span class="pp-class-166 pa t41981 l36442">closing </span><span class="pp-class-166 pa t41981 l10449 ls2870">rates. </span><span class="pp-class-166 pa t41981 l41982">The </span><span class="pp-class-166 pa t41981 l41983">need </span><span class="pp-class-166 pa t41981 l13335 ls135">to </span><span class="pp-class-166 pa t41981 l22809">hedge </span><span class="pp-class-166 pa t41981 l41984">the </span><span class="pp-class-166 pa t41981 l40102 ls6991">Parent’s </span><span class="pp-class-166 pa t41981 l8980 ls234">net </span><span class="pp-class-166 pa t41981 l30704 ls93">invest-</span><span class="pp-class-166 pa t40775 l3">ments </span><span class="pp-class-166 pa t40775 l19464">in </span><span class="pp-class-166 pa t40775 l23490">subsidiaries </span><span class="pp-class-166 pa t40775 l41985">is </span><span class="pp-class-166 pa t40775 l41986 ls226">assessed </span><span class="pp-class-166 pa t40775 l41987">on </span><span class="pp-class-166 pa t40775 l22089">a </span><span class="pp-class-166 pa t40775 l41988 ls856">regular </span><span class="pp-class-166 pa t40775 l41989">basis. </span><span class="pp-class-166 pa t40775 l41990">It </span><span class="pp-class-166 pa t40775 l41991">is </span><span class="pp-class-166 pa t40775 l3393 ls497">Group </span><span class="pp-class-166 pa t40775 l41992 ls1636">policy </span><span class="pp-class-166 pa t40775 l41993 ls135">to </span><span class="pp-class-166 pa t40775 l41994 ls2500">reduce </span><span class="pp-class-166 pa t40777 l3 ls234">net </span><span class="pp-class-166 pa t40777 l2647 ls226">investments </span><span class="pp-class-166 pa t40777 l3961">in </span><span class="pp-class-166 pa t40777 l41995 ls497">Group </span><span class="pp-class-166 pa t40777 l12886">subsidiaries </span><span class="pp-class-166 pa t40777 l12374">on </span><span class="pp-class-166 pa t40777 l9007">an </span><span class="pp-class-166 pa t40777 l41996">ongoing </span><span class="pp-class-166 pa t40777 l41997">basis </span><span class="pp-class-166 pa t40777 l16121">by </span><span class="pp-class-166 pa t40777 l41998 ls455">distributing </span><span class="pp-class-166 pa t40777 l7291">the </span><span class="pp-class-166 pa t40782 l3 ls3593">subsidiaries’ </span><span class="pp-class-166 pa t40782 l41999 ls856">profits </span><span class="pp-class-166 pa t40782 l26167">as </span><span class="pp-class-166 pa t40782 l26665">dividends. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42000 l3">The </span><span class="pp-class-166 pa t42000 l1525 ls497">Group </span><span class="pp-class-166 pa t42000 l36541">hedges </span><span class="pp-class-166 pa t42000 l21047 ls740">booked </span><span class="pp-class-166 pa t42000 l42001 ls59">external </span><span class="pp-class-166 pa t42000 l37201 ls234">net </span><span class="pp-class-166 pa t42000 l27924 ls1849">currency </span><span class="pp-class-166 pa t42000 l8719">positions </span><span class="pp-class-166 pa t42000 l36357">and </span><span class="pp-class-166 pa t42000 l4971 ls147">currencies </span><span class="pp-class-166 pa t42000 l42002">with </span><span class="pp-class-166 pa t42003 l3 ls497">large </span><span class="pp-class-166 pa t42003 l34132 ls70">expected </span><span class="pp-class-166 pa t42003 l13773 ls239">short-term </span><span class="pp-class-166 pa t42003 l8747 ls977">operational </span><span class="pp-class-166 pa t42003 l42004 ls923">cash </span><span class="pp-class-166 pa t42003 l29990">flows </span><span class="pp-class-166 pa t42003 l42005 ls228">for </span><span class="pp-class-166 pa t42003 l42006">up </span><span class="pp-class-166 pa t42003 l14791 ls135">to </span><span class="pp-class-166 pa t42003 l4444">six </span><span class="pp-class-166 pa t42003 l42007">months. </span><span class="pp-class-166 pa t42003 l42008 ls169">At </span><span class="pp-class-166 pa t42009 l3 ls851">year-end </span><span class="pp-class-166 pa t42009 l42010">2025, </span><span class="pp-class-166 pa t42009 l42011">76.3% </span><span class="pp-class-166 pa t42009 l21546">of </span><span class="pp-class-166 pa t42009 l42012 ls70">expected </span><span class="pp-class-166 pa t42009 l28071">six-month </span><span class="pp-class-166 pa t42009 l26243 ls923">cash </span><span class="pp-class-166 pa t42009 l42013">flows </span><span class="pp-class-166 pa t42009 l42014">in </span><span class="pp-class-166 pa t42009 l42015">USD </span><span class="pp-class-166 pa t42009 l42016 ls2487">were </span><span class="pp-class-166 pa t42009 l15234">hedged. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42017 l3">Hedge </span><span class="pp-class-166 pa t42017 l42018 ls946">accounting </span><span class="pp-class-166 pa t42017 l42019">is </span><span class="pp-class-166 pa t42017 l23666">only </span><span class="pp-class-166 pa t42017 l37663">applied </span><span class="pp-class-166 pa t42017 l26311 ls135">to </span><span class="pp-class-166 pa t42017 l13865">a </span><span class="pp-class-166 pa t42017 l42020 ls187">limited </span><span class="pp-class-166 pa t42017 l42021 ls495">extent </span><span class="pp-class-166 pa t42017 l36736">and </span><span class="pp-class-166 pa t42017 l42022 ls135">we </span><span class="pp-class-166 pa t42017 l23151">do </span><span class="pp-class-166 pa t42017 l18969 ls1528">not </span><span class="pp-class-166 pa t42017 l42023">hedge </span><span class="pp-class-166 pa t42017 l39555 ls4372">cur-</span><span class="pp-class-166 pa t42024 l3 ls86">rency </span><span class="pp-class-166 pa t42024 l42025 ls1502">exposure </span><span class="pp-class-166 pa t42024 l40373 ls1766">related </span><span class="pp-class-166 pa t42024 l29404 ls135">to </span><span class="pp-class-166 pa t42024 l9898 ls614">intra-group </span><span class="pp-class-166 pa t42024 l31575 ls234">balances </span><span class="pp-class-166 pa t42024 l32043">with </span><span class="pp-class-166 pa t42024 l20334">no </span><span class="pp-class-166 pa t42024 l42026">underlying </span><span class="pp-class-166 pa t42024 l42027 ls923">cash </span><span class="pp-class-166 pa t42024 l42028">flow </span><span class="pp-class-166 pa t42029 l3 ls3305">impact. </span><span class="pp-class-166 pa t42029 l7122">The </span><span class="pp-class-166 pa t42029 l42030 ls497">Group </span><span class="pp-class-166 pa t42029 l42031">does </span><span class="pp-class-166 pa t42029 l26570 ls1528">not </span><span class="pp-class-166 pa t42029 l4925">hedge </span><span class="pp-class-166 pa t42029 l42032">EUR </span><span class="pp-class-166 pa t42029 l26816">positions, </span><span class="pp-class-166 pa t42029 l42033">as </span><span class="pp-class-166 pa t42029 l42034">it </span><span class="pp-class-166 pa t42029 l42035 ls1839">expects </span><span class="pp-class-166 pa t42029 l42036">that </span><span class="pp-class-166 pa t42029 l42037">the </span><span class="pp-class-166 pa t42029 l28456 ls4079">official </span><span class="pp-class-166 pa t42038 l3">Danish </span><span class="pp-class-166 pa t42038 l14852 ls75">fixed </span><span class="pp-class-166 pa t42038 l42039 ls152">exchange-rate </span><span class="pp-class-166 pa t42038 l42040 ls1636">policy </span><span class="pp-class-166 pa t42038 l3859 ls48">against </span><span class="pp-class-166 pa t42038 l41557">the </span><span class="pp-class-166 pa t42038 l42041">EUR </span><span class="pp-class-166 pa t42038 l5960">will </span><span class="pp-class-166 pa t42038 l21454 ls1428">continue. </span><span class="pp-class-166 pa t42038 l3464 ls2401">Unhedged </span><span class="pp-class-166 pa t42042 l3 ls42043">intra-group </span><span class="pp-class-166 pa t42042 l13872 ls234">balances </span><span class="pp-class-166 pa t42042 l42044">at </span><span class="pp-class-166 pa t42042 l42045">31 </span><span class="pp-class-166 pa t42042 l42046 ls234">December </span><span class="pp-class-166 pa t42042 l28626 ls228">are </span><span class="pp-class-166 pa t42042 l9425">outlined </span><span class="pp-class-166 pa t42042 l42047">in </span><span class="pp-class-166 pa t42042 l9806">the </span><span class="pp-class-166 pa t42042 l42048">main </span><span class="pp-class-166 pa t42042 l42049 ls1849">currency </span><span class="pp-class-166 pa t42042 l42050 ls189">expo-</span><span class="pp-class-166 pa t42051 l3 ls497">sures </span><span class="pp-class-166 pa t42051 l42052 ls180">table </span><span class="pp-class-166 pa t42051 l3351 ls135">to </span><span class="pp-class-166 pa t42051 l29202">the </span><span class="pp-class-166 pa t42051 l42053 ls6300">right. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42054 l3 ls951">Sensitivity </span><span class="pp-class-172 pa t42054 l38818 ls951">analysis</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42055 l3 ls1853">The </span><span class="pp-class-166 pa t42055 l1942 ls228">sensitivity </span><span class="pp-class-166 pa t42055 l38832 ls2708">analysis </span><span class="pp-class-166 pa t42055 l42056 ls5045">provides </span><span class="pp-class-166 pa t42055 l42057 ls1866">an </span><span class="pp-class-166 pa t42055 l42058 ls1346">overview </span><span class="pp-class-166 pa t42055 l42059 ls1866">of </span><span class="pp-class-166 pa t42055 l42060 ls1853">the </span><span class="pp-class-166 pa t42055 l42061 ls16387">Group’s </span><span class="pp-class-166 pa t42055 l42062 ls1855">consolidated </span><span class="pp-class-166 pa t42055 l42063 ls129">transla-</span><span class="pp-class-166 pa t42064 l3 ls2690">tion </span><span class="pp-class-166 pa t42064 l42065 ls2690">risk </span><span class="pp-class-166 pa t42064 l39961 ls2693">associated </span><span class="pp-class-166 pa t42064 l42066 ls2690">with </span><span class="pp-class-166 pa t42064 l2608 ls2487">significant </span><span class="pp-class-166 pa t42064 l10613 ls2672">currency </span><span class="pp-class-166 pa t42064 l42067 ls13624">exposures. </span><span class="pp-class-166 pa t42064 l42068 ls1853">The </span><span class="pp-class-166 pa t42064 l42069 ls2247">Group </span><span class="pp-class-166 pa t42064 l42070 ls1866">is </span><span class="pp-class-166 pa t42064 l42071 ls2313">not </span><span class="pp-class-166 pa t42064 l42072 ls13029">materi-</span><span class="pp-class-166 pa t42073 l3 ls2690">ally </span><span class="pp-class-166 pa t42073 l42074 ls2483">exposed </span><span class="pp-class-166 pa t42073 l42075 ls2302">to </span><span class="pp-class-166 pa t42073 l42076 ls5048">transaction </span><span class="pp-class-166 pa t42073 l40541 ls189">risk. </span><span class="pp-class-166 pa t42073 l42077 ls1172">For </span><span class="pp-class-166 pa t42073 l42078 ls4405">EUR/DKK </span><span class="pp-class-166 pa t42073 l42079 ls7096">exposure, </span><span class="pp-class-166 pa t42073 l10861 ls1853">the </span><span class="pp-class-166 pa t42073 l42080 ls228">sensitivity </span><span class="pp-class-166 pa t42073 l42081 ls2382">analysis </span><span class="pp-class-166 pa t42082 l3 ls13029">evaluates </span><span class="pp-class-166 pa t42082 l42083 ls1853">the </span><span class="pp-class-166 pa t42082 l5954 ls265">impact </span><span class="pp-class-166 pa t42082 l24167 ls1866">of </span><span class="pp-class-166 pa t42082 l3608 ls2307">a </span><span class="pp-class-166 pa t42082 l42084 ls1866">2% </span><span class="pp-class-166 pa t42082 l42085 ls96">variation </span><span class="pp-class-166 pa t42082 l42086 ls1866">in </span><span class="pp-class-166 pa t42082 l41719 ls1855">average </span><span class="pp-class-166 pa t42082 l5233 ls1855">exchange </span><span class="pp-class-166 pa t42082 l42087 ls6538">rates </span><span class="pp-class-166 pa t42082 l42088 ls1858">during </span><span class="pp-class-166 pa t42082 l42089 ls1853">the </span><span class="pp-class-166 pa t42082 l37796 ls73">year </span><span class="pp-class-166 pa t42090 l3 ls1866">on </span><span class="pp-class-166 pa t42090 l3349 ls2836">profit/loss </span><span class="pp-class-166 pa t42090 l16178 ls1740">(EBIT) </span><span class="pp-class-166 pa t42090 l42091 ls1853">and </span><span class="pp-class-166 pa t42090 l42092 ls1853">the </span><span class="pp-class-166 pa t42090 l1543 ls6394">effect </span><span class="pp-class-166 pa t42090 l11871 ls1866">of </span><span class="pp-class-166 pa t42090 l41763 ls2307">a </span><span class="pp-class-166 pa t42090 l42093 ls1866">2% </span><span class="pp-class-166 pa t42090 l42094 ls96">variation </span><span class="pp-class-166 pa t42090 l42095 ls1866">in </span><span class="pp-class-166 pa t42090 l42096 ls2298">year-end </span><span class="pp-class-166 pa t42090 l42097 ls1855">exchange </span><span class="pp-class-166 pa t42090 l42098 ls2247">rates </span><span class="pp-class-166 pa t42099 l3 ls1866">on </span><span class="pp-class-166 pa t42099 l3349 ls1174">other </span><span class="pp-class-166 pa t42099 l1914 ls1186">comprehensive </span><span class="pp-class-166 pa t42099 l42100 ls2693">income. </span><span class="pp-class-166 pa t42099 l26094 ls1172">For </span><span class="pp-class-166 pa t42099 l4175 ls1174">other </span><span class="pp-class-166 pa t42099 l42101 ls2487">significant </span><span class="pp-class-166 pa t42099 l42102 ls2672">currency </span><span class="pp-class-166 pa t42099 l4515 ls13624">exposures, </span><span class="pp-class-166 pa t42099 l42103 ls2307">the </span><span class="pp-class-166 pa t42104 l3 ls2708">analysis </span><span class="pp-class-166 pa t42104 l42105 ls18249">assesses </span><span class="pp-class-166 pa t42104 l42106 ls1853">the </span><span class="pp-class-166 pa t42104 l42107 ls265">impact </span><span class="pp-class-166 pa t42104 l42108 ls1866">of </span><span class="pp-class-166 pa t42104 l42109 ls2307">a </span><span class="pp-class-166 pa t42104 l42110 ls1866">5% </span><span class="pp-class-166 pa t42104 l42111 ls96">variation </span><span class="pp-class-166 pa t42104 l42112 ls1866">in </span><span class="pp-class-166 pa t42104 l42113 ls1855">average </span><span class="pp-class-166 pa t42104 l42114 ls1855">exchange </span><span class="pp-class-166 pa t42104 l42115 ls6538">rates </span><span class="pp-class-166 pa t42104 l42116 ls1868">during </span><span class="pp-class-166 pa t42117 l3">the </span><span class="pp-class-166 pa t42117 l1913 ls48">year </span><span class="pp-class-166 pa t42117 l21073">on </span><span class="pp-class-166 pa t42117 l6293 ls2179">profit/loss </span><span class="pp-class-166 pa t42117 l42118 ls8026">(EBIT) </span><span class="pp-class-166 pa t42117 l42119">and </span><span class="pp-class-166 pa t42117 l38953">the </span><span class="pp-class-166 pa t42117 l42120 ls2221">effect </span><span class="pp-class-166 pa t42117 l42121">of </span><span class="pp-class-166 pa t42117 l42122">a </span><span class="pp-class-166 pa t42117 l42123">5% </span><span class="pp-class-166 pa t42117 l6360 ls394">variation </span><span class="pp-class-166 pa t42117 l28098">in </span><span class="pp-class-166 pa t42117 l42124 ls851">year-end </span><span class="pp-class-166 pa t42125 l3 ls851">exchange </span><span class="pp-class-166 pa t42125 l8930 ls54">rates </span><span class="pp-class-166 pa t42125 l10448">on </span><span class="pp-class-166 pa t42125 l42126 ls75">other </span><span class="pp-class-166 pa t42125 l2214 ls495">comprehensive </span><span class="pp-class-166 pa t42125 l42127 ls187">income. </span><span class="pp-class-166 pa t42125 l42128">The </span><span class="pp-class-166 pa t42125 l14406 ls3968">methodology </span><span class="pp-class-166 pa t42125 l42129">applied </span><span class="pp-class-166 pa t42130 l3">in </span><span class="pp-class-166 pa t42130 l1746">the </span><span class="pp-class-166 pa t42130 l1747 ls3185">sensitivity </span><span class="pp-class-166 pa t42130 l42131 ls2179">analysis </span><span class="pp-class-166 pa t42130 l42084 ls856">remains </span><span class="pp-class-166 pa t42130 l42132 ls1528">consistent </span><span class="pp-class-166 pa t42130 l2389">with </span><span class="pp-class-166 pa t42130 l42133">that </span><span class="pp-class-166 pa t42130 l42134">used </span><span class="pp-class-166 pa t42130 l12422">in </span><span class="pp-class-166 pa t42130 l42135">prior </span><span class="pp-class-166 pa t42130 l42136 ls101">years.</span></p></div></div><div id="pp-id-4458" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42137 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42138">Unhedged </span><span class="pp-class-166 pa t28110 l42139 ls614">intra-group </span><span class="pp-class-166 pa t28110 l42140 ls187">balances</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42141 ls2870">Foreign </span><span class="pp-class-166 pa t28110 l42142 ls1849">currency </span><span class="pp-class-166 pa t28110 l42143 ls977">translation </span><span class="pp-class-166 pa t28110 l42144">risk </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37512 l3 ls2690">Main </span><span class="pp-class-170 pa t37512 l1488 ls13591">currency </span><span class="pp-class-170 pa t37512 l22726 ls1824">exposures </span><span class="pp-class-170 pa t37512 l42145">- </span><span class="pp-class-170 pa t37512 l34707 ls228">sensitivity</span><span class="pp-class-166 pa t38901 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l42146 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42147">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l42148 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42149">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42150 ls234">Net </span><span class="pp-class-166 pa t38901 l42151">position</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42152 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42153">on </span><span class="pp-class-166 pa t38901 l42154 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42155 ls234">Net </span><span class="pp-class-166 pa t38901 l42156">position</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42157 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42158">on </span><span class="pp-class-166 pa t38901 l42159 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42160 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42161">on </span><span class="pp-class-166 pa t38901 l42162 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42163 ls1636">Impact </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38901 l42164">on </span><span class="pp-class-166 pa t38901 l42165">OCI</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42166 ls1636">Impact </span><span class="pp-class-166 pa t37512 l42167">on </span><span class="pp-class-166 pa t38901 l42168 ls3185">profit/loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37512 l42169 ls1636">Impact </span><span class="pp-class-166 pa t38901 l42170">on </span><span class="pp-class-166 pa t38901 l42171">OCI</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l3 ls3982">EUR/DKK </span><span class="pp-class-166 pa t42172 l42173">(2%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42174">(65,628)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42175"/><span class="pp-class-166 pa t42172 l42176">± </span><span class="pp-class-166 pa t42172 l42177">1,313</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42178">(53,056)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42179"/><span class="pp-class-166 pa t42172 l42180">± </span><span class="pp-class-166 pa t42172 l38231">1,061</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42181">± </span><span class="pp-class-166 pa t42172 l41337">96</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42182"/><span class="pp-class-166 pa t42172 l42183">± </span><span class="pp-class-166 pa t42172 l42184">1,285</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42185">± </span><span class="pp-class-166 pa t42172 l42186">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42172 l42187"/><span class="pp-class-166 pa t42172 l42188">± </span><span class="pp-class-166 pa t42172 l38253">450</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l3 ls1416">CNY/DKK </span><span class="pp-class-166 pa t42189 l5606">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42190">(2,175)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42191"/><span class="pp-class-166 pa t42189 l42192">± </span><span class="pp-class-166 pa t42189 l42193">109</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42194">(2,053)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42195"/><span class="pp-class-166 pa t42189 l42196">± </span><span class="pp-class-166 pa t42189 l38220">103</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42181">± </span><span class="pp-class-166 pa t42189 l41337">95</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42197"/><span class="pp-class-166 pa t42189 l42198">± </span><span class="pp-class-166 pa t42189 l42199">570</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l42200">±66</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42189 l28847">±310</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l3 ls4259">USD/DKK </span><span class="pp-class-166 pa t42201 l42202">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42203">6,757</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42204">±338</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42205">1,026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l38220">±51</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42206">±115</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42182"/><span class="pp-class-166 pa t42201 l42183">± </span><span class="pp-class-166 pa t42201 l42184">1,278</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l42207">±123</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42201 l28847">±831</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l3 ls3982">CHF/DKK </span><span class="pp-class-166 pa t42208 l42209">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42190">(1,458)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42193">±73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42210">(726)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l38220">±36 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42181">± </span><span class="pp-class-166 pa t42208 l41337">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42197"/><span class="pp-class-166 pa t42208 l42198">± </span><span class="pp-class-166 pa t42208 l42199">309</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l42200">±16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42208 l28847">±234</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l3 ls3982">PLN/DKK </span><span class="pp-class-166 pa t42211 l42212">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42190">(1,090)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42193">±55</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42210">(554)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l38220">±28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42213">±18</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42197"/><span class="pp-class-166 pa t42211 l42198">± </span><span class="pp-class-166 pa t42211 l42199">150</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l42200">±17</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42211 l38253">±68</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l3 ls4259">SGD/DKK </span><span class="pp-class-166 pa t42214 l42215">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42190">(1,398)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42193">±70</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42210">(544)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l38220">±27</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42213">±34</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42197"/><span class="pp-class-166 pa t42214 l42198">± </span><span class="pp-class-166 pa t42214 l42199">576</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l42185">± </span><span class="pp-class-166 pa t42214 l42186">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42214 l28847">±119</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l3 ls3982">SEK/DKK </span><span class="pp-class-166 pa t39117 l26868">(5%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42190">(3,709)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42204">±185</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42210">(244)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42216"/><span class="pp-class-166 pa t39117 l42217">± </span><span class="pp-class-166 pa t39117 l38243">12</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42213">±44</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42197"/><span class="pp-class-166 pa t39117 l42198">± </span><span class="pp-class-166 pa t39117 l42199">556</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42185">± </span><span class="pp-class-166 pa t39117 l42186">22</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39117 l42218"/><span class="pp-class-166 pa t39117 l41882">± </span><span class="pp-class-166 pa t39117 l42219">55</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42221 ls1853">n.a.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42222 ls2688">±1,467</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42223 ls1853">n.a.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42224"/><span class="pp-class-170 pa t42220 l42225 ls2307">± </span><span class="pp-class-170 pa t42220 l42226 ls2690">1,216</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42227 ls2307">± </span><span class="pp-class-170 pa t42220 l42228 ls1866">418</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42229"/><span class="pp-class-170 pa t42220 l42230 ls2307">± </span><span class="pp-class-170 pa t42220 l42231 ls2690">4,724</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42232 ls2307">± </span><span class="pp-class-170 pa t42220 l42233 ls1866">328</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42220 l42234"/><span class="pp-class-170 pa t42220 l42235 ls2307">± </span><span class="pp-class-170 pa t42220 l41898 ls2690">2,067</span></p></td></tr></table></div></div><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3624 l3 ls15425">Interest </span><span class="pp-class-170 pa t3624 l9874 ls6586">rate </span><span class="pp-class-170 pa t3624 l42289 ls2257">risk</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3330 l3 ls169">At </span><span class="pp-class-166 pa t3330 l5964">31 </span><span class="pp-class-166 pa t3330 l42290 ls234">December </span><span class="pp-class-166 pa t3330 l42291">2025, </span><span class="pp-class-166 pa t3330 l7562">84.3% </span><span class="pp-class-166 pa t3330 l42292">(2024: </span><span class="pp-class-166 pa t3330 l42293">92%) </span><span class="pp-class-166 pa t3330 l23610">of </span><span class="pp-class-166 pa t3330 l42294 ls497">Group </span><span class="pp-class-166 pa t3330 l42295 ls147">borrowings </span><span class="pp-class-166 pa t3330 l42296 ls2487">were </span><span class="pp-class-166 pa t3338 l3 ls856">secured </span><span class="pp-class-166 pa t3338 l7293 ls856">through </span><span class="pp-class-166 pa t3338 l32013 ls12989">fixed-rate </span><span class="pp-class-166 pa t3338 l14332">loans. </span><span class="pp-class-166 pa t3338 l29475">The </span><span class="pp-class-166 pa t3338 l42297 ls1740">weighted </span><span class="pp-class-166 pa t3338 l42298 ls740">duration </span><span class="pp-class-166 pa t3338 l42299">of </span><span class="pp-class-166 pa t3338 l42300">the </span><span class="pp-class-166 pa t3338 l9893 ls12989">fixed-rate </span><span class="pp-class-166 pa t3348 l3">loans </span><span class="pp-class-166 pa t3348 l98 ls1528">was </span><span class="pp-class-166 pa t3348 l15371">5.1 </span><span class="pp-class-166 pa t3348 l42301 ls101">years </span><span class="pp-class-166 pa t3348 l5037">at </span><span class="pp-class-166 pa t3348 l26041">31 </span><span class="pp-class-166 pa t3348 l25814 ls234">December </span><span class="pp-class-166 pa t3348 l42302">2025 </span><span class="pp-class-166 pa t3348 l42303">(2024: </span><span class="pp-class-166 pa t3348 l42304">5.1 </span><span class="pp-class-166 pa t3348 l42305 ls239">years).</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3373 l3">The </span><span class="pp-class-166 pa t3373 l1525 ls1740">weighted </span><span class="pp-class-166 pa t3373 l7261 ls946">average </span><span class="pp-class-166 pa t3373 l40615 ls135">interest </span><span class="pp-class-166 pa t3373 l42306 ls5905">rate </span><span class="pp-class-166 pa t3373 l42307">on </span><span class="pp-class-166 pa t3373 l42308">the </span><span class="pp-class-166 pa t3373 l42309 ls1165">Group’s </span><span class="pp-class-166 pa t3373 l42310">loans, </span><span class="pp-class-166 pa t3373 l42311 ls564">credit </span><span class="pp-class-166 pa t3373 l42312">and </span><span class="pp-class-166 pa t3373 l42313 ls2061">overdraft </span><span class="pp-class-166 pa t3682 l3 ls187">facilities </span><span class="pp-class-166 pa t3682 l10844 ls1528">was </span><span class="pp-class-166 pa t3682 l11384">2.5% </span><span class="pp-class-166 pa t3682 l42314">at </span><span class="pp-class-166 pa t3682 l28052">the </span><span class="pp-class-166 pa t3682 l42315">end </span><span class="pp-class-166 pa t3682 l42316">of </span><span class="pp-class-166 pa t3682 l42317">2025 </span><span class="pp-class-166 pa t3682 l42318">(2024: </span><span class="pp-class-166 pa t3682 l42319">2.5%).</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3387 l3">A </span><span class="pp-class-166 pa t3387 l454">1 </span><span class="pp-class-166 pa t3387 l42320 ls1343">percentage </span><span class="pp-class-166 pa t3387 l42321">point </span><span class="pp-class-166 pa t3387 l30274 ls1528">increase </span><span class="pp-class-166 pa t3387 l42322">in </span><span class="pp-class-166 pa t3387 l18972 ls135">interest </span><span class="pp-class-166 pa t3387 l42323 ls54">rates </span><span class="pp-class-166 pa t3387 l42324 ls556">would </span><span class="pp-class-166 pa t3387 l42325 ls1528">not </span><span class="pp-class-166 pa t3387 l42326 ls48">have </span><span class="pp-class-166 pa t3387 l10260">a </span><span class="pp-class-166 pa t3387 l42327 ls226">significant </span><span class="pp-class-166 pa t3395 l3 ls1636">impact </span><span class="pp-class-166 pa t3395 l3618">on </span><span class="pp-class-166 pa t3395 l13260">the </span><span class="pp-class-166 pa t3395 l13261 ls1122">statement </span><span class="pp-class-166 pa t3395 l5430">of </span><span class="pp-class-166 pa t3395 l42328 ls564">profit </span><span class="pp-class-166 pa t3395 l6116">or </span><span class="pp-class-166 pa t3395 l2555 ls48">loss </span><span class="pp-class-166 pa t3395 l14804">or </span><span class="pp-class-166 pa t3395 l29951 ls75">other </span><span class="pp-class-166 pa t3395 l11405 ls495">comprehensive </span><span class="pp-class-166 pa t3395 l10220 ls187">income, </span><span class="pp-class-166 pa t3406 l3">based </span><span class="pp-class-166 pa t3406 l9824">on </span><span class="pp-class-166 pa t3406 l21504 ls946">average </span><span class="pp-class-166 pa t3406 l33047 ls234">net </span><span class="pp-class-166 pa t3406 l38308 ls107">interest-bearing </span><span class="pp-class-166 pa t3406 l10208 ls923">debt </span><span class="pp-class-166 pa t3406 l30046 ls228">for </span><span class="pp-class-166 pa t3406 l42329">2025. </span><span class="pp-class-166 pa t3406 l42330">The </span><span class="pp-class-166 pa t3406 l9428 ls2369">calculation </span><span class="pp-class-166 pa t3406 l42331 ls93">method </span><span class="pp-class-166 pa t3722 l3 ls2660">applied </span><span class="pp-class-166 pa t3722 l42332 ls1866">in </span><span class="pp-class-166 pa t3722 l574 ls1853">the </span><span class="pp-class-166 pa t3722 l42333 ls228">sensitivity </span><span class="pp-class-166 pa t3722 l42334 ls2708">analysis </span><span class="pp-class-166 pa t3722 l42335 ls1866">is </span><span class="pp-class-166 pa t3722 l42336 ls115">unchanged </span><span class="pp-class-166 pa t3722 l42337 ls1552">compared </span><span class="pp-class-166 pa t3722 l42338 ls2302">to </span><span class="pp-class-166 pa t3722 l42339 ls3129">previous </span><span class="pp-class-166 pa t3722 l42340 ls115">years. </span><span class="pp-class-166 pa t3722 l42341 ls2307">The </span><span class="pp-class-166 pa t3728 l3 ls2247">Group </span><span class="pp-class-166 pa t3728 l24312 ls2690">does </span><span class="pp-class-166 pa t3728 l42342 ls2313">not </span><span class="pp-class-166 pa t3728 l6196 ls2688">hedge </span><span class="pp-class-166 pa t3728 l42343 ls2682">interest </span><span class="pp-class-166 pa t3728 l3056 ls8712">rate </span><span class="pp-class-166 pa t3728 l32524 ls1575">risk. </span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t3427 l3 ls6083">Credit </span><span class="pp-class-170 pa t3427 l42344 ls2257">risk</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3439 l3">The </span><span class="pp-class-166 pa t3439 l1525 ls1165">Group’s </span><span class="pp-class-166 pa t3439 l41681 ls564">credit </span><span class="pp-class-166 pa t3439 l31266">risk </span><span class="pp-class-166 pa t3439 l42345">mainly </span><span class="pp-class-166 pa t3439 l42346 ls1766">relates </span><span class="pp-class-166 pa t3439 l31820 ls135">to </span><span class="pp-class-166 pa t3439 l42347 ls1129">trade </span><span class="pp-class-166 pa t3439 l5123 ls1444">receivables.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3466 l3">The </span><span class="pp-class-166 pa t3466 l1525 ls497">Group </span><span class="pp-class-166 pa t3466 l36541">is </span><span class="pp-class-166 pa t3466 l41938 ls1528">not </span><span class="pp-class-166 pa t3466 l4438">dependent </span><span class="pp-class-166 pa t3466 l28351">on </span><span class="pp-class-166 pa t3466 l22361 ls1831">particular </span><span class="pp-class-166 pa t3466 l42348 ls740">customer </span><span class="pp-class-166 pa t3466 l11285">segments </span><span class="pp-class-166 pa t3466 l42349">or </span><span class="pp-class-166 pa t3466 l42350">any </span><span class="pp-class-166 pa t3466 l42351">specific </span><span class="pp-class-166 pa t3471 l3 ls154">customers, </span><span class="pp-class-166 pa t3471 l5457">and </span><span class="pp-class-166 pa t3471 l42352">all </span><span class="pp-class-166 pa t3471 l42353 ls1217">customers </span><span class="pp-class-166 pa t3471 l6570 ls228">are </span><span class="pp-class-166 pa t3471 l10770 ls1435">subjected </span><span class="pp-class-166 pa t3471 l42354 ls135">to </span><span class="pp-class-166 pa t3471 l42355">individual </span><span class="pp-class-166 pa t3471 l12063 ls564">credit </span><span class="pp-class-166 pa t3471 l32886 ls101">assessments </span><span class="pp-class-166 pa t3471 l42356">and </span><span class="pp-class-166 pa t3472 l3 ls564">credit </span><span class="pp-class-166 pa t3472 l9100">limits </span><span class="pp-class-166 pa t3472 l23166">in </span><span class="pp-class-166 pa t3472 l28797 ls228">accordance </span><span class="pp-class-166 pa t3472 l20227">with </span><span class="pp-class-166 pa t3472 l42357">the </span><span class="pp-class-166 pa t3472 l11438 ls1165">Group’s </span><span class="pp-class-166 pa t3472 l42358 ls564">Credit </span><span class="pp-class-166 pa t3472 l42359 ls3490">Policy. </span><span class="pp-class-166 pa t3472 l42360 ls3982">As </span><span class="pp-class-166 pa t3472 l42361 ls75">a </span><span class="pp-class-166 pa t3472 l42362 ls218">result, </span><span class="pp-class-166 pa t3472 l42363 ls1528">the </span><span class="pp-class-166 pa t3472 l34623 ls2690">credit </span><span class="pp-class-166 pa t3484 l3 ls1740">risk </span><span class="pp-class-166 pa t3484 l42364 ls2540">of </span><span class="pp-class-166 pa t3484 l31183 ls1528">the </span><span class="pp-class-166 pa t3484 l42365 ls96">Group </span><span class="pp-class-166 pa t3484 l16010 ls2540">is </span><span class="pp-class-166 pa t3484 l14523 ls54">generally </span><span class="pp-class-166 pa t3484 l42366 ls115">considered </span><span class="pp-class-166 pa t3484 l22363 ls1217">insignificant. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3503 l3">The </span><span class="pp-class-166 pa t3503 l1525 ls497">Group </span><span class="pp-class-166 pa t3503 l36541">mainly </span><span class="pp-class-166 pa t3503 l35089">hedges </span><span class="pp-class-166 pa t3503 l42367 ls564">credit </span><span class="pp-class-166 pa t3503 l8839 ls1831">risks </span><span class="pp-class-166 pa t3503 l32363 ls856">through </span><span class="pp-class-166 pa t3503 l23159">the </span><span class="pp-class-166 pa t3503 l42368">use </span><span class="pp-class-166 pa t3503 l28282">of </span><span class="pp-class-166 pa t3503 l20657 ls564">credit </span><span class="pp-class-166 pa t3503 l42369 ls1418">insurance.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3511 l3 ls1740">For </span><span class="pp-class-166 pa t3511 l3855">a </span><span class="pp-class-166 pa t3511 l27106">number </span><span class="pp-class-166 pa t3511 l7011">of </span><span class="pp-class-166 pa t3511 l31835 ls154">customers, </span><span class="pp-class-166 pa t3511 l32273">the </span><span class="pp-class-166 pa t3511 l42370 ls497">Group </span><span class="pp-class-166 pa t3511 l38604">uses </span><span class="pp-class-166 pa t3511 l20710 ls1528">non-recourse </span><span class="pp-class-166 pa t3511 l33822 ls2360">factoring. </span><span class="pp-class-166 pa t3511 l42371 ls169">At </span><span class="pp-class-166 pa t3511 l42372">31 </span><span class="pp-class-166 pa t3522 l3 ls234">December </span><span class="pp-class-166 pa t3522 l11316">2025, </span><span class="pp-class-166 pa t3522 l11317 ls1528">non-recourse </span><span class="pp-class-166 pa t3522 l14320 ls704">factoring </span><span class="pp-class-166 pa t3522 l42373 ls234">amounted </span><span class="pp-class-166 pa t3522 l42374 ls135">to </span><span class="pp-class-166 pa t3522 l42375">DKK </span><span class="pp-class-166 pa t3522 l42376">2,263 </span><span class="pp-class-166 pa t3522 l42377">million </span><span class="pp-class-166 pa t3532 l3">(2024: </span><span class="pp-class-166 pa t3532 l10819">DKK </span><span class="pp-class-166 pa t3532 l10820">2,445 </span><span class="pp-class-166 pa t3532 l522">million).</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3553 l3">DSV </span><span class="pp-class-166 pa t3553 l202">is </span><span class="pp-class-166 pa t3553 l4341 ls1849">exposed </span><span class="pp-class-166 pa t3553 l23718 ls135">to </span><span class="pp-class-166 pa t3553 l31131 ls239">counterparty </span><span class="pp-class-166 pa t3553 l3765 ls564">credit </span><span class="pp-class-166 pa t3553 l42378">risk </span><span class="pp-class-166 pa t3553 l42379">when </span><span class="pp-class-166 pa t3553 l4961 ls234">entering </span><span class="pp-class-166 pa t3553 l42380 ls1122">into </span><span class="pp-class-166 pa t3553 l42381 ls158">derivative </span><span class="pp-class-166 pa t3553 l22437">finan-</span><span class="pp-class-166 pa t3562 l3">cial </span><span class="pp-class-166 pa t3562 l42382 ls455">instruments. </span><span class="pp-class-166 pa t3562 l27201">In </span><span class="pp-class-166 pa t3562 l37067 ls497">order </span><span class="pp-class-166 pa t3562 l15008 ls135">to </span><span class="pp-class-166 pa t3562 l39521 ls2500">reduce </span><span class="pp-class-166 pa t3562 l7297">this </span><span class="pp-class-166 pa t3562 l37709">risk, </span><span class="pp-class-166 pa t3562 l9483">DSV </span><span class="pp-class-166 pa t3562 l42383">only </span><span class="pp-class-166 pa t3562 l27196 ls740">enters </span><span class="pp-class-166 pa t3562 l42384 ls1122">into </span><span class="pp-class-166 pa t3562 l20204 ls158">derivative </span><span class="pp-class-166 pa t3573 l3">financial </span><span class="pp-class-166 pa t3573 l8394 ls239">instruments </span><span class="pp-class-166 pa t3573 l42385">with </span><span class="pp-class-166 pa t3573 l28505">the </span><span class="pp-class-166 pa t3573 l42386 ls187">existing </span><span class="pp-class-166 pa t3573 l42387 ls1831">banks </span><span class="pp-class-166 pa t3573 l42388">of </span><span class="pp-class-166 pa t3573 l42389">the </span><span class="pp-class-166 pa t3573 l42390 ls497">Group </span><span class="pp-class-166 pa t3573 l42391">whose </span><span class="pp-class-166 pa t3573 l42392 ls564">credit </span><span class="pp-class-166 pa t3573 l29493 ls59">ratings </span><span class="pp-class-166 pa t3884 l3 ls267">from </span><span class="pp-class-166 pa t3884 l2065 ls1674">Standard </span><span class="pp-class-166 pa t3884 l42393">&amp; </span><span class="pp-class-166 pa t3884 l42394 ls1502">Poor’s </span><span class="pp-class-166 pa t3884 l42395 ls228">are </span><span class="pp-class-166 pa t3884 l42396 ls1428">long-term </span><span class="pp-class-166 pa t3884 l42397">A </span><span class="pp-class-166 pa t3884 l42398">or </span><span class="pp-class-166 pa t3884 l42399 ls4372">higher. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t3577 l3 ls2388">As </span><span class="pp-class-166 pa t3577 l4418">a </span><span class="pp-class-166 pa t3577 l6136 ls59">general </span><span class="pp-class-166 pa t3577 l42400">rule, </span><span class="pp-class-166 pa t3577 l42401">the </span><span class="pp-class-166 pa t3577 l42402 ls497">Group </span><span class="pp-class-166 pa t3577 l13748">only </span><span class="pp-class-166 pa t3577 l42403 ls189">makes </span><span class="pp-class-166 pa t3577 l3075 ls239">short-term </span><span class="pp-class-166 pa t3577 l42404">deposits </span><span class="pp-class-166 pa t3577 l42405">with </span><span class="pp-class-166 pa t3577 l42406 ls1831">banks </span><span class="pp-class-166 pa t3577 l42407 ls54">rated </span><span class="pp-class-166 pa t3586 l3 ls83">short-term </span><span class="pp-class-166 pa t3586 l4003 ls2307">A-2 </span><span class="pp-class-166 pa t3586 l9093 ls1866">or </span><span class="pp-class-166 pa t3586 l34030 ls1858">higher </span><span class="pp-class-166 pa t3586 l42408 ls1866">by </span><span class="pp-class-166 pa t3586 l1543 ls6538">Standard </span><span class="pp-class-166 pa t3586 l42409 ls2307">&amp; </span><span class="pp-class-166 pa t3586 l31333 ls2309">Poor’s </span><span class="pp-class-166 pa t3586 l3756 ls6530">and/or </span><span class="pp-class-166 pa t3586 l42410 ls2307">P-2 </span><span class="pp-class-166 pa t3586 l42411 ls1866">or </span><span class="pp-class-166 pa t3586 l42412 ls1858">higher </span><span class="pp-class-166 pa t3586 l42413 ls1866">by </span><span class="pp-class-166 pa t3586 l42414 ls1186">Moody’s.</span></p><div class="pp-class-4" id="pp-id-4462" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3">Impairment </span><span class="pp-class-172 pa t3624 l13872">of </span><span class="pp-class-172 pa t3624 l42415 ls2061">trade </span><span class="pp-class-172 pa t3624 l42416 ls1430">receivables</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">Impairment </span><span class="pp-class-166 pa t3330 l38085">of </span><span class="pp-class-166 pa t3330 l11178 ls1129">trade </span><span class="pp-class-166 pa t3330 l13207 ls1444">receivables </span><span class="pp-class-166 pa t3330 l42417">is </span><span class="pp-class-166 pa t3330 l42418 ls226">assessed </span><span class="pp-class-166 pa t3330 l42419">on </span><span class="pp-class-166 pa t3330 l41528">an </span><span class="pp-class-166 pa t3330 l42420">ongoing </span><span class="pp-class-166 pa t3330 l42421">basis </span><span class="pp-class-166 pa t3330 l38791">and </span><span class="pp-class-166 pa t3330 l39239 ls1418">insurance </span><span class="pp-class-166 pa t3338 l3">policies </span><span class="pp-class-166 pa t3338 l20133 ls228">are </span><span class="pp-class-166 pa t3338 l27891 ls497">taken </span><span class="pp-class-166 pa t3338 l1567">out </span><span class="pp-class-166 pa t3338 l42422 ls228">for </span><span class="pp-class-166 pa t3338 l36837">the </span><span class="pp-class-166 pa t3338 l42423 ls1617">majority </span><span class="pp-class-166 pa t3338 l42424">of </span><span class="pp-class-166 pa t3338 l13371">these. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3360 l3 ls1552">At </span><span class="pp-class-166 pa t3360 l42425 ls1866">31 </span><span class="pp-class-166 pa t3360 l9691 ls2298">December </span><span class="pp-class-166 pa t3360 l16123 ls2688">2025, </span><span class="pp-class-166 pa t3360 l10009 ls1186">credit </span><span class="pp-class-166 pa t3360 l42426 ls6530">insurance </span><span class="pp-class-166 pa t3360 l11031 ls2298">amounted </span><span class="pp-class-166 pa t3360 l42005 ls2302">to </span><span class="pp-class-166 pa t3360 l42427 ls1853">DKK </span><span class="pp-class-166 pa t3360 l42428 ls1858">21,553 </span><span class="pp-class-166 pa t3360 l42429 ls1498">million, </span><span class="pp-class-166 pa t3360 l42430 ls13599">corre-</span><span class="pp-class-166 pa t3373 l3 ls1498">sponding </span><span class="pp-class-166 pa t3373 l6839 ls2302">to </span><span class="pp-class-166 pa t3373 l42431 ls1853">48% </span><span class="pp-class-166 pa t3373 l31801 ls1866">of </span><span class="pp-class-166 pa t3373 l42432 ls2267">total </span><span class="pp-class-166 pa t3373 l3443 ls1663">trade </span><span class="pp-class-166 pa t3373 l42433 ls2247">receivables </span><span class="pp-class-166 pa t3373 l18966 ls1858">(2024: </span><span class="pp-class-166 pa t3373 l20672 ls1853">DKK </span><span class="pp-class-166 pa t3373 l42434 ls1858">18,288 </span><span class="pp-class-166 pa t3373 l30710 ls2660">million </span><span class="pp-class-166 pa t3373 l42435 ls1866">or </span><span class="pp-class-166 pa t3373 l42436 ls1866">67%). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls189">Loss </span><span class="pp-class-166 pa t3375 l34883 ls189">allowances </span><span class="pp-class-166 pa t3375 l6753 ls228">for </span><span class="pp-class-166 pa t3375 l6800 ls66">impaired </span><span class="pp-class-166 pa t3375 l28060 ls1129">trade </span><span class="pp-class-166 pa t3375 l42437 ls1444">receivables </span><span class="pp-class-166 pa t3375 l42438 ls228">are </span><span class="pp-class-166 pa t3375 l42439 ls66">provided </span><span class="pp-class-166 pa t3375 l34473 ls228">for </span><span class="pp-class-166 pa t3375 l42440 ls851">following </span><span class="pp-class-166 pa t3375 l42441">an </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045 ls564">credit </span><span class="pp-class-166 pa t3387 l23596 ls48">loss </span><span class="pp-class-166 pa t3387 l42442">model. </span><span class="pp-class-166 pa t3387 l42443">The </span><span class="pp-class-166 pa t3387 l42444">model </span><span class="pp-class-166 pa t3387 l23674">includes </span><span class="pp-class-166 pa t3387 l42445 ls851">uninsured </span><span class="pp-class-166 pa t3387 l42446 ls1129">trade </span><span class="pp-class-166 pa t3387 l42447 ls2168">receivables </span><span class="pp-class-166 pa t3387 l12829">and </span><span class="pp-class-166 pa t3395 l3 ls704">contract </span><span class="pp-class-166 pa t3395 l20926 ls428">assets. </span><span class="pp-class-166 pa t3395 l41778">The </span><span class="pp-class-166 pa t3395 l3108">model </span><span class="pp-class-166 pa t3395 l16693">also </span><span class="pp-class-166 pa t3395 l23117 ls853">factors </span><span class="pp-class-166 pa t3395 l42448">in </span><span class="pp-class-166 pa t3395 l42449">any </span><span class="pp-class-166 pa t3395 l13702">own </span><span class="pp-class-166 pa t3395 l42450">risk </span><span class="pp-class-166 pa t3395 l42451">on </span><span class="pp-class-166 pa t3395 l42452 ls856">insured </span><span class="pp-class-166 pa t3395 l42453 ls1740">receivables. </span><span class="pp-class-166 pa t3406 l3 ls951">Expected </span><span class="pp-class-166 pa t3406 l42454 ls564">credit </span><span class="pp-class-166 pa t3406 l20994 ls48">loss </span><span class="pp-class-166 pa t3406 l42455">at </span><span class="pp-class-166 pa t3406 l42456">31 </span><span class="pp-class-166 pa t3406 l30347 ls234">December </span><span class="pp-class-166 pa t3406 l4365">2025 </span><span class="pp-class-166 pa t3406 l42457">and </span><span class="pp-class-166 pa t3406 l42458">31 </span><span class="pp-class-166 pa t3406 l31440 ls234">December </span><span class="pp-class-166 pa t3406 l42459">2024 </span><span class="pp-class-166 pa t3406 l42460">is </span><span class="pp-class-166 pa t3406 l12558 ls228">pre-</span><span class="pp-class-166 pa t3722 l3 ls740">sented </span><span class="pp-class-166 pa t3722 l4144">in </span><span class="pp-class-166 pa t3722 l22125">the </span><span class="pp-class-166 pa t3722 l22126 ls851">following </span><span class="pp-class-166 pa t3722 l30594 ls127">tables:</span></p></div></div><div id="pp-id-4463" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42461 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls228">Expected </span><span class="pp-class-170 pa t28110 l29030 ls6383">credit </span><span class="pp-class-170 pa t28110 l42462 ls115">loss </span><span class="pp-class-170 pa t28110 l42463 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42464 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42465">amount </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42466 ls1552">Expected </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42467 ls5290">loss </span><span class="pp-class-166 pa t37784 l42468 ls6607">rate </span><span class="pp-class-166 pa t37784 l42469 ls2273">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42470 ls189">Loss </span><span class="pp-class-166 pa t37784 l42471 ls2540">allowance </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28137">47,513</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42472">0.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28132">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40837 l26459">1-30 </span><span class="pp-class-166 pa t40837 l42473 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l33368">5,274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42472">1.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l28210">96</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40841 l26459">31-60 </span><span class="pp-class-166 pa t40841 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l33368">1,399</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42472">6.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28210">89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40842 l26459">61-90 </span><span class="pp-class-166 pa t40842 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28130">714</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42474">14.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28132">103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40847 l26459">91-120 </span><span class="pp-class-166 pa t40847 l42475 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28130">329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42474">28.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28210">92</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1410">Overdue </span><span class="pp-class-166 pa t37425 l26459">&gt;121 </span><span class="pp-class-166 pa t37425 l3911 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l33368">1,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42474">71.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28132">779</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l42476 ls2688">56,317</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37967 ls2690">1,259</span></p></td></tr></table></div></div><div id="pp-id-4464" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42461 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls228">Expected </span><span class="pp-class-170 pa t28110 l29030 ls6383">credit </span><span class="pp-class-170 pa t28110 l42462 ls115">loss </span><span class="pp-class-170 pa t28110 l42463 ls1853">2024</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42464 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42465">amount </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42477 ls951">Expected </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42478 ls48">loss </span><span class="pp-class-166 pa t37784 l42479 ls5905">rate </span><span class="pp-class-166 pa t37784 l42480">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42470 ls189">Loss </span><span class="pp-class-166 pa t37784 l42471 ls2540">allowance </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28137">28,685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42472">0.1%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28210">43</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40837 l26459">1-30 </span><span class="pp-class-166 pa t40837 l42473 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l33368">3,428</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42472">1.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l28210">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40841 l26459">31-60 </span><span class="pp-class-166 pa t40841 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28130">854</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42472">4.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28210">38</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40842 l26459">61-90 </span><span class="pp-class-166 pa t40842 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28130">364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42472">9.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28210">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40847 l26459">91-120 </span><span class="pp-class-166 pa t40847 l42475 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28130">210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42474">16.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28210">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1410">Overdue </span><span class="pp-class-166 pa t37425 l26459">&gt;121 </span><span class="pp-class-166 pa t37425 l3911 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28130">406</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42474">43.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28132">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l42476 ls2688">33,947</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l38178 ls1866">371</span></p></td></tr></table></div></div><div id="pp-id-4465" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h35081 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t6303 l3 ls1430">Current </span><span class="pp-class-166 pa t6303 l20615 ls1444">receivables </span><span class="pp-class-166 pa t6303 l27866 ls228">are </span><span class="pp-class-166 pa t6303 l42481 ls564">considered </span><span class="pp-class-166 pa t6303 l42482 ls135">to </span><span class="pp-class-166 pa t6303 l42483 ls48">have </span><span class="pp-class-166 pa t6303 l42484">high </span><span class="pp-class-166 pa t6303 l42485 ls28776">creditworthiness </span><span class="pp-class-166 pa t6303 l42486">with </span><span class="pp-class-166 pa t6303 l42487">a </span><span class="pp-class-166 pa t6303 l42488">low </span><span class="pp-class-166 pa t6312 l3">risk </span><span class="pp-class-166 pa t6312 l16292">of </span><span class="pp-class-166 pa t6312 l21407 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42489 l3">The </span><span class="pp-class-166 pa t42489 l1525 ls48">loss </span><span class="pp-class-166 pa t42489 l39614 ls2540">allowance </span><span class="pp-class-166 pa t42489 l42490 ls851">provision </span><span class="pp-class-166 pa t42489 l38176 ls228">for </span><span class="pp-class-166 pa t42489 l12003">the </span><span class="pp-class-166 pa t42489 l33932 ls48">year </span><span class="pp-class-166 pa t42489 l42491">is </span><span class="pp-class-166 pa t42489 l10660">specified </span><span class="pp-class-166 pa t42489 l37171 ls794">below:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42492 l3 ls2668">Loss </span><span class="pp-class-170 pa t42492 l21643 ls129">allowance </span><span class="pp-class-170 pa t42492 l42493 ls191">provision</span><span class="pp-class-166 pa t42492 l42494"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42495 l3">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42495 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42495 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l3 ls2236">Provision </span><span class="pp-class-166 pa t42496 l42497">at </span><span class="pp-class-166 pa t42496 l2509">1 </span><span class="pp-class-166 pa t42496 l42498 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l28131">371</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l28132">331</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l3 ls704">Losses </span><span class="pp-class-166 pa t42499 l42500 ls702">recognised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l42501">(210)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l40006">(120)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l3 ls1217">Reversal </span><span class="pp-class-166 pa t42502 l10432">of </span><span class="pp-class-166 pa t42502 l40848 ls164">provisions </span><span class="pp-class-166 pa t42502 l9946 ls267">from </span><span class="pp-class-166 pa t42502 l25271 ls66">previous </span><span class="pp-class-166 pa t42502 l42503 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l42501">(250)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l40006">(206)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l3">Additions </span><span class="pp-class-166 pa t42504 l35356 ls228">for </span><span class="pp-class-166 pa t42504 l14735">the </span><span class="pp-class-166 pa t42504 l494 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l28131">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l28132">363</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42505 l3">Additions </span><span class="pp-class-166 pa t42505 l35356 ls267">from </span><span class="pp-class-166 pa t42505 l39069 ls394">business </span><span class="pp-class-166 pa t42505 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42505 l32699">1,036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-171 pa t42505 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l3 ls187">Currency </span><span class="pp-class-166 pa t42506 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l42507">(43)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l28532">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l3 ls4132">Provision </span><span class="pp-class-170 pa t42508 l42509 ls1866">at </span><span class="pp-class-170 pa t42508 l42510 ls1866">31 </span><span class="pp-class-170 pa t42508 l42511 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l41458 ls2690">1,259</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l38178 ls1866">371</span></p></td></tr></table><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42512 l3">Impairment </span><span class="pp-class-166 pa t42512 l38085 ls239">losses </span><span class="pp-class-166 pa t42512 l42513">on </span><span class="pp-class-166 pa t42512 l42514 ls1129">trade </span><span class="pp-class-166 pa t42512 l10634 ls1444">receivables </span><span class="pp-class-166 pa t42512 l2864 ls228">for </span><span class="pp-class-166 pa t42512 l42515">2025 </span><span class="pp-class-166 pa t42512 l6412 ls234">amounted </span><span class="pp-class-166 pa t42512 l42516 ls135">to </span><span class="pp-class-166 pa t42512 l42517">DKK </span><span class="pp-class-166 pa t42512 l42518">210 </span><span class="pp-class-166 pa t42512 l30730">million, </span><span class="pp-class-166 pa t6462 l3 ls5508">corresponding </span><span class="pp-class-166 pa t6462 l14462 ls135">to </span><span class="pp-class-166 pa t6462 l14463">0.08% </span><span class="pp-class-166 pa t6462 l18773">of </span><span class="pp-class-166 pa t6462 l18774 ls1119">consolidated </span><span class="pp-class-166 pa t6462 l42519 ls1410">revenue </span><span class="pp-class-166 pa t6462 l28839">(2024: </span><span class="pp-class-166 pa t6462 l23839">DKK </span><span class="pp-class-166 pa t6462 l42520">120 </span><span class="pp-class-166 pa t6462 l42521">million, </span><span class="pp-class-166 pa t6472 l3">or </span><span class="pp-class-166 pa t6472 l21054">0.07%).</span></p></div></div> <div class="pp-class-4" id="pp-id-4462" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3">Impairment </span><span class="pp-class-172 pa t3624 l13872">of </span><span class="pp-class-172 pa t3624 l42415 ls2061">trade </span><span class="pp-class-172 pa t3624 l42416 ls1430">receivables</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">Impairment </span><span class="pp-class-166 pa t3330 l38085">of </span><span class="pp-class-166 pa t3330 l11178 ls1129">trade </span><span class="pp-class-166 pa t3330 l13207 ls1444">receivables </span><span class="pp-class-166 pa t3330 l42417">is </span><span class="pp-class-166 pa t3330 l42418 ls226">assessed </span><span class="pp-class-166 pa t3330 l42419">on </span><span class="pp-class-166 pa t3330 l41528">an </span><span class="pp-class-166 pa t3330 l42420">ongoing </span><span class="pp-class-166 pa t3330 l42421">basis </span><span class="pp-class-166 pa t3330 l38791">and </span><span class="pp-class-166 pa t3330 l39239 ls1418">insurance </span><span class="pp-class-166 pa t3338 l3">policies </span><span class="pp-class-166 pa t3338 l20133 ls228">are </span><span class="pp-class-166 pa t3338 l27891 ls497">taken </span><span class="pp-class-166 pa t3338 l1567">out </span><span class="pp-class-166 pa t3338 l42422 ls228">for </span><span class="pp-class-166 pa t3338 l36837">the </span><span class="pp-class-166 pa t3338 l42423 ls1617">majority </span><span class="pp-class-166 pa t3338 l42424">of </span><span class="pp-class-166 pa t3338 l13371">these. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3360 l3 ls1552">At </span><span class="pp-class-166 pa t3360 l42425 ls1866">31 </span><span class="pp-class-166 pa t3360 l9691 ls2298">December </span><span class="pp-class-166 pa t3360 l16123 ls2688">2025, </span><span class="pp-class-166 pa t3360 l10009 ls1186">credit </span><span class="pp-class-166 pa t3360 l42426 ls6530">insurance </span><span class="pp-class-166 pa t3360 l11031 ls2298">amounted </span><span class="pp-class-166 pa t3360 l42005 ls2302">to </span><span class="pp-class-166 pa t3360 l42427 ls1853">DKK </span><span class="pp-class-166 pa t3360 l42428 ls1858">21,553 </span><span class="pp-class-166 pa t3360 l42429 ls1498">million, </span><span class="pp-class-166 pa t3360 l42430 ls13599">corre-</span><span class="pp-class-166 pa t3373 l3 ls1498">sponding </span><span class="pp-class-166 pa t3373 l6839 ls2302">to </span><span class="pp-class-166 pa t3373 l42431 ls1853">48% </span><span class="pp-class-166 pa t3373 l31801 ls1866">of </span><span class="pp-class-166 pa t3373 l42432 ls2267">total </span><span class="pp-class-166 pa t3373 l3443 ls1663">trade </span><span class="pp-class-166 pa t3373 l42433 ls2247">receivables </span><span class="pp-class-166 pa t3373 l18966 ls1858">(2024: </span><span class="pp-class-166 pa t3373 l20672 ls1853">DKK </span><span class="pp-class-166 pa t3373 l42434 ls1858">18,288 </span><span class="pp-class-166 pa t3373 l30710 ls2660">million </span><span class="pp-class-166 pa t3373 l42435 ls1866">or </span><span class="pp-class-166 pa t3373 l42436 ls1866">67%). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls189">Loss </span><span class="pp-class-166 pa t3375 l34883 ls189">allowances </span><span class="pp-class-166 pa t3375 l6753 ls228">for </span><span class="pp-class-166 pa t3375 l6800 ls66">impaired </span><span class="pp-class-166 pa t3375 l28060 ls1129">trade </span><span class="pp-class-166 pa t3375 l42437 ls1444">receivables </span><span class="pp-class-166 pa t3375 l42438 ls228">are </span><span class="pp-class-166 pa t3375 l42439 ls66">provided </span><span class="pp-class-166 pa t3375 l34473 ls228">for </span><span class="pp-class-166 pa t3375 l42440 ls851">following </span><span class="pp-class-166 pa t3375 l42441">an </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045 ls564">credit </span><span class="pp-class-166 pa t3387 l23596 ls48">loss </span><span class="pp-class-166 pa t3387 l42442">model. </span><span class="pp-class-166 pa t3387 l42443">The </span><span class="pp-class-166 pa t3387 l42444">model </span><span class="pp-class-166 pa t3387 l23674">includes </span><span class="pp-class-166 pa t3387 l42445 ls851">uninsured </span><span class="pp-class-166 pa t3387 l42446 ls1129">trade </span><span class="pp-class-166 pa t3387 l42447 ls2168">receivables </span><span class="pp-class-166 pa t3387 l12829">and </span><span class="pp-class-166 pa t3395 l3 ls704">contract </span><span class="pp-class-166 pa t3395 l20926 ls428">assets. </span><span class="pp-class-166 pa t3395 l41778">The </span><span class="pp-class-166 pa t3395 l3108">model </span><span class="pp-class-166 pa t3395 l16693">also </span><span class="pp-class-166 pa t3395 l23117 ls853">factors </span><span class="pp-class-166 pa t3395 l42448">in </span><span class="pp-class-166 pa t3395 l42449">any </span><span class="pp-class-166 pa t3395 l13702">own </span><span class="pp-class-166 pa t3395 l42450">risk </span><span class="pp-class-166 pa t3395 l42451">on </span><span class="pp-class-166 pa t3395 l42452 ls856">insured </span><span class="pp-class-166 pa t3395 l42453 ls1740">receivables. </span><span class="pp-class-166 pa t3406 l3 ls951">Expected </span><span class="pp-class-166 pa t3406 l42454 ls564">credit </span><span class="pp-class-166 pa t3406 l20994 ls48">loss </span><span class="pp-class-166 pa t3406 l42455">at </span><span class="pp-class-166 pa t3406 l42456">31 </span><span class="pp-class-166 pa t3406 l30347 ls234">December </span><span class="pp-class-166 pa t3406 l4365">2025 </span><span class="pp-class-166 pa t3406 l42457">and </span><span class="pp-class-166 pa t3406 l42458">31 </span><span class="pp-class-166 pa t3406 l31440 ls234">December </span><span class="pp-class-166 pa t3406 l42459">2024 </span><span class="pp-class-166 pa t3406 l42460">is </span><span class="pp-class-166 pa t3406 l12558 ls228">pre-</span><span class="pp-class-166 pa t3722 l3 ls740">sented </span><span class="pp-class-166 pa t3722 l4144">in </span><span class="pp-class-166 pa t3722 l22125">the </span><span class="pp-class-166 pa t3722 l22126 ls851">following </span><span class="pp-class-166 pa t3722 l30594 ls127">tables:</span></p></div></div><div id="pp-id-4463" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42461 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls228">Expected </span><span class="pp-class-170 pa t28110 l29030 ls6383">credit </span><span class="pp-class-170 pa t28110 l42462 ls115">loss </span><span class="pp-class-170 pa t28110 l42463 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42464 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42465">amount </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42466 ls1552">Expected </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42467 ls5290">loss </span><span class="pp-class-166 pa t37784 l42468 ls6607">rate </span><span class="pp-class-166 pa t37784 l42469 ls2273">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42470 ls189">Loss </span><span class="pp-class-166 pa t37784 l42471 ls2540">allowance </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28137">47,513</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42472">0.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28132">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40837 l26459">1-30 </span><span class="pp-class-166 pa t40837 l42473 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l33368">5,274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42472">1.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l28210">96</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40841 l26459">31-60 </span><span class="pp-class-166 pa t40841 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l33368">1,399</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42472">6.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28210">89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40842 l26459">61-90 </span><span class="pp-class-166 pa t40842 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28130">714</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42474">14.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28132">103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40847 l26459">91-120 </span><span class="pp-class-166 pa t40847 l42475 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28130">329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42474">28.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28210">92</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1410">Overdue </span><span class="pp-class-166 pa t37425 l26459">&gt;121 </span><span class="pp-class-166 pa t37425 l3911 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l33368">1,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42474">71.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28132">779</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l42476 ls2688">56,317</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37967 ls2690">1,259</span></p></td></tr></table></div></div><div id="pp-id-4464" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42461 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls228">Expected </span><span class="pp-class-170 pa t28110 l29030 ls6383">credit </span><span class="pp-class-170 pa t28110 l42462 ls115">loss </span><span class="pp-class-170 pa t28110 l42463 ls1853">2024</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42464 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42465">amount </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42477 ls951">Expected </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42478 ls48">loss </span><span class="pp-class-166 pa t37784 l42479 ls5905">rate </span><span class="pp-class-166 pa t37784 l42480">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42470 ls189">Loss </span><span class="pp-class-166 pa t37784 l42471 ls2540">allowance </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28137">28,685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42472">0.1%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28210">43</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40837 l26459">1-30 </span><span class="pp-class-166 pa t40837 l42473 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l33368">3,428</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42472">1.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l28210">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40841 l26459">31-60 </span><span class="pp-class-166 pa t40841 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28130">854</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42472">4.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28210">38</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40842 l26459">61-90 </span><span class="pp-class-166 pa t40842 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28130">364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42472">9.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28210">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40847 l26459">91-120 </span><span class="pp-class-166 pa t40847 l42475 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28130">210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42474">16.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28210">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1410">Overdue </span><span class="pp-class-166 pa t37425 l26459">&gt;121 </span><span class="pp-class-166 pa t37425 l3911 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28130">406</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42474">43.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28132">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l42476 ls2688">33,947</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l38178 ls1866">371</span></p></td></tr></table></div></div><div id="pp-id-4465" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h35081 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t6303 l3 ls1430">Current </span><span class="pp-class-166 pa t6303 l20615 ls1444">receivables </span><span class="pp-class-166 pa t6303 l27866 ls228">are </span><span class="pp-class-166 pa t6303 l42481 ls564">considered </span><span class="pp-class-166 pa t6303 l42482 ls135">to </span><span class="pp-class-166 pa t6303 l42483 ls48">have </span><span class="pp-class-166 pa t6303 l42484">high </span><span class="pp-class-166 pa t6303 l42485 ls28776">creditworthiness </span><span class="pp-class-166 pa t6303 l42486">with </span><span class="pp-class-166 pa t6303 l42487">a </span><span class="pp-class-166 pa t6303 l42488">low </span><span class="pp-class-166 pa t6312 l3">risk </span><span class="pp-class-166 pa t6312 l16292">of </span><span class="pp-class-166 pa t6312 l21407 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42489 l3">The </span><span class="pp-class-166 pa t42489 l1525 ls48">loss </span><span class="pp-class-166 pa t42489 l39614 ls2540">allowance </span><span class="pp-class-166 pa t42489 l42490 ls851">provision </span><span class="pp-class-166 pa t42489 l38176 ls228">for </span><span class="pp-class-166 pa t42489 l12003">the </span><span class="pp-class-166 pa t42489 l33932 ls48">year </span><span class="pp-class-166 pa t42489 l42491">is </span><span class="pp-class-166 pa t42489 l10660">specified </span><span class="pp-class-166 pa t42489 l37171 ls794">below:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42492 l3 ls2668">Loss </span><span class="pp-class-170 pa t42492 l21643 ls129">allowance </span><span class="pp-class-170 pa t42492 l42493 ls191">provision</span><span class="pp-class-166 pa t42492 l42494"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42495 l3">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42495 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42495 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l3 ls2236">Provision </span><span class="pp-class-166 pa t42496 l42497">at </span><span class="pp-class-166 pa t42496 l2509">1 </span><span class="pp-class-166 pa t42496 l42498 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l28131">371</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l28132">331</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l3 ls704">Losses </span><span class="pp-class-166 pa t42499 l42500 ls702">recognised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l42501">(210)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l40006">(120)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l3 ls1217">Reversal </span><span class="pp-class-166 pa t42502 l10432">of </span><span class="pp-class-166 pa t42502 l40848 ls164">provisions </span><span class="pp-class-166 pa t42502 l9946 ls267">from </span><span class="pp-class-166 pa t42502 l25271 ls66">previous </span><span class="pp-class-166 pa t42502 l42503 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l42501">(250)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l40006">(206)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l3">Additions </span><span class="pp-class-166 pa t42504 l35356 ls228">for </span><span class="pp-class-166 pa t42504 l14735">the </span><span class="pp-class-166 pa t42504 l494 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l28131">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l28132">363</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42505 l3">Additions </span><span class="pp-class-166 pa t42505 l35356 ls267">from </span><span class="pp-class-166 pa t42505 l39069 ls394">business </span><span class="pp-class-166 pa t42505 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42505 l32699">1,036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-171 pa t42505 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l3 ls187">Currency </span><span class="pp-class-166 pa t42506 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l42507">(43)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l28532">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l3 ls4132">Provision </span><span class="pp-class-170 pa t42508 l42509 ls1866">at </span><span class="pp-class-170 pa t42508 l42510 ls1866">31 </span><span class="pp-class-170 pa t42508 l42511 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l41458 ls2690">1,259</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l38178 ls1866">371</span></p></td></tr></table><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42512 l3">Impairment </span><span class="pp-class-166 pa t42512 l38085 ls239">losses </span><span class="pp-class-166 pa t42512 l42513">on </span><span class="pp-class-166 pa t42512 l42514 ls1129">trade </span><span class="pp-class-166 pa t42512 l10634 ls1444">receivables </span><span class="pp-class-166 pa t42512 l2864 ls228">for </span><span class="pp-class-166 pa t42512 l42515">2025 </span><span class="pp-class-166 pa t42512 l6412 ls234">amounted </span><span class="pp-class-166 pa t42512 l42516 ls135">to </span><span class="pp-class-166 pa t42512 l42517">DKK </span><span class="pp-class-166 pa t42512 l42518">210 </span><span class="pp-class-166 pa t42512 l30730">million, </span><span class="pp-class-166 pa t6462 l3 ls5508">corresponding </span><span class="pp-class-166 pa t6462 l14462 ls135">to </span><span class="pp-class-166 pa t6462 l14463">0.08% </span><span class="pp-class-166 pa t6462 l18773">of </span><span class="pp-class-166 pa t6462 l18774 ls1119">consolidated </span><span class="pp-class-166 pa t6462 l42519 ls1410">revenue </span><span class="pp-class-166 pa t6462 l28839">(2024: </span><span class="pp-class-166 pa t6462 l23839">DKK </span><span class="pp-class-166 pa t6462 l42520">120 </span><span class="pp-class-166 pa t6462 l42521">million, </span><span class="pp-class-166 pa t6472 l3">or </span><span class="pp-class-166 pa t6472 l21054">0.07%).</span></p></div></div> <div class="pp-class-4" id="pp-id-4462" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3">Impairment </span><span class="pp-class-172 pa t3624 l13872">of </span><span class="pp-class-172 pa t3624 l42415 ls2061">trade </span><span class="pp-class-172 pa t3624 l42416 ls1430">receivables</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">Impairment </span><span class="pp-class-166 pa t3330 l38085">of </span><span class="pp-class-166 pa t3330 l11178 ls1129">trade </span><span class="pp-class-166 pa t3330 l13207 ls1444">receivables </span><span class="pp-class-166 pa t3330 l42417">is </span><span class="pp-class-166 pa t3330 l42418 ls226">assessed </span><span class="pp-class-166 pa t3330 l42419">on </span><span class="pp-class-166 pa t3330 l41528">an </span><span class="pp-class-166 pa t3330 l42420">ongoing </span><span class="pp-class-166 pa t3330 l42421">basis </span><span class="pp-class-166 pa t3330 l38791">and </span><span class="pp-class-166 pa t3330 l39239 ls1418">insurance </span><span class="pp-class-166 pa t3338 l3">policies </span><span class="pp-class-166 pa t3338 l20133 ls228">are </span><span class="pp-class-166 pa t3338 l27891 ls497">taken </span><span class="pp-class-166 pa t3338 l1567">out </span><span class="pp-class-166 pa t3338 l42422 ls228">for </span><span class="pp-class-166 pa t3338 l36837">the </span><span class="pp-class-166 pa t3338 l42423 ls1617">majority </span><span class="pp-class-166 pa t3338 l42424">of </span><span class="pp-class-166 pa t3338 l13371">these. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3360 l3 ls1552">At </span><span class="pp-class-166 pa t3360 l42425 ls1866">31 </span><span class="pp-class-166 pa t3360 l9691 ls2298">December </span><span class="pp-class-166 pa t3360 l16123 ls2688">2025, </span><span class="pp-class-166 pa t3360 l10009 ls1186">credit </span><span class="pp-class-166 pa t3360 l42426 ls6530">insurance </span><span class="pp-class-166 pa t3360 l11031 ls2298">amounted </span><span class="pp-class-166 pa t3360 l42005 ls2302">to </span><span class="pp-class-166 pa t3360 l42427 ls1853">DKK </span><span class="pp-class-166 pa t3360 l42428 ls1858">21,553 </span><span class="pp-class-166 pa t3360 l42429 ls1498">million, </span><span class="pp-class-166 pa t3360 l42430 ls13599">corre-</span><span class="pp-class-166 pa t3373 l3 ls1498">sponding </span><span class="pp-class-166 pa t3373 l6839 ls2302">to </span><span class="pp-class-166 pa t3373 l42431 ls1853">48% </span><span class="pp-class-166 pa t3373 l31801 ls1866">of </span><span class="pp-class-166 pa t3373 l42432 ls2267">total </span><span class="pp-class-166 pa t3373 l3443 ls1663">trade </span><span class="pp-class-166 pa t3373 l42433 ls2247">receivables </span><span class="pp-class-166 pa t3373 l18966 ls1858">(2024: </span><span class="pp-class-166 pa t3373 l20672 ls1853">DKK </span><span class="pp-class-166 pa t3373 l42434 ls1858">18,288 </span><span class="pp-class-166 pa t3373 l30710 ls2660">million </span><span class="pp-class-166 pa t3373 l42435 ls1866">or </span><span class="pp-class-166 pa t3373 l42436 ls1866">67%). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls189">Loss </span><span class="pp-class-166 pa t3375 l34883 ls189">allowances </span><span class="pp-class-166 pa t3375 l6753 ls228">for </span><span class="pp-class-166 pa t3375 l6800 ls66">impaired </span><span class="pp-class-166 pa t3375 l28060 ls1129">trade </span><span class="pp-class-166 pa t3375 l42437 ls1444">receivables </span><span class="pp-class-166 pa t3375 l42438 ls228">are </span><span class="pp-class-166 pa t3375 l42439 ls66">provided </span><span class="pp-class-166 pa t3375 l34473 ls228">for </span><span class="pp-class-166 pa t3375 l42440 ls851">following </span><span class="pp-class-166 pa t3375 l42441">an </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045 ls564">credit </span><span class="pp-class-166 pa t3387 l23596 ls48">loss </span><span class="pp-class-166 pa t3387 l42442">model. </span><span class="pp-class-166 pa t3387 l42443">The </span><span class="pp-class-166 pa t3387 l42444">model </span><span class="pp-class-166 pa t3387 l23674">includes </span><span class="pp-class-166 pa t3387 l42445 ls851">uninsured </span><span class="pp-class-166 pa t3387 l42446 ls1129">trade </span><span class="pp-class-166 pa t3387 l42447 ls2168">receivables </span><span class="pp-class-166 pa t3387 l12829">and </span><span class="pp-class-166 pa t3395 l3 ls704">contract </span><span class="pp-class-166 pa t3395 l20926 ls428">assets. </span><span class="pp-class-166 pa t3395 l41778">The </span><span class="pp-class-166 pa t3395 l3108">model </span><span class="pp-class-166 pa t3395 l16693">also </span><span class="pp-class-166 pa t3395 l23117 ls853">factors </span><span class="pp-class-166 pa t3395 l42448">in </span><span class="pp-class-166 pa t3395 l42449">any </span><span class="pp-class-166 pa t3395 l13702">own </span><span class="pp-class-166 pa t3395 l42450">risk </span><span class="pp-class-166 pa t3395 l42451">on </span><span class="pp-class-166 pa t3395 l42452 ls856">insured </span><span class="pp-class-166 pa t3395 l42453 ls1740">receivables. </span><span class="pp-class-166 pa t3406 l3 ls951">Expected </span><span class="pp-class-166 pa t3406 l42454 ls564">credit </span><span class="pp-class-166 pa t3406 l20994 ls48">loss </span><span class="pp-class-166 pa t3406 l42455">at </span><span class="pp-class-166 pa t3406 l42456">31 </span><span class="pp-class-166 pa t3406 l30347 ls234">December </span><span class="pp-class-166 pa t3406 l4365">2025 </span><span class="pp-class-166 pa t3406 l42457">and </span><span class="pp-class-166 pa t3406 l42458">31 </span><span class="pp-class-166 pa t3406 l31440 ls234">December </span><span class="pp-class-166 pa t3406 l42459">2024 </span><span class="pp-class-166 pa t3406 l42460">is </span><span class="pp-class-166 pa t3406 l12558 ls228">pre-</span><span class="pp-class-166 pa t3722 l3 ls740">sented </span><span class="pp-class-166 pa t3722 l4144">in </span><span class="pp-class-166 pa t3722 l22125">the </span><span class="pp-class-166 pa t3722 l22126 ls851">following </span><span class="pp-class-166 pa t3722 l30594 ls127">tables:</span></p></div></div> <div class="pp-class-4" id="pp-id-4462" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h41526 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3">Impairment </span><span class="pp-class-172 pa t3624 l13872">of </span><span class="pp-class-172 pa t3624 l42415 ls2061">trade </span><span class="pp-class-172 pa t3624 l42416 ls1430">receivables</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">Impairment </span><span class="pp-class-166 pa t3330 l38085">of </span><span class="pp-class-166 pa t3330 l11178 ls1129">trade </span><span class="pp-class-166 pa t3330 l13207 ls1444">receivables </span><span class="pp-class-166 pa t3330 l42417">is </span><span class="pp-class-166 pa t3330 l42418 ls226">assessed </span><span class="pp-class-166 pa t3330 l42419">on </span><span class="pp-class-166 pa t3330 l41528">an </span><span class="pp-class-166 pa t3330 l42420">ongoing </span><span class="pp-class-166 pa t3330 l42421">basis </span><span class="pp-class-166 pa t3330 l38791">and </span><span class="pp-class-166 pa t3330 l39239 ls1418">insurance </span><span class="pp-class-166 pa t3338 l3">policies </span><span class="pp-class-166 pa t3338 l20133 ls228">are </span><span class="pp-class-166 pa t3338 l27891 ls497">taken </span><span class="pp-class-166 pa t3338 l1567">out </span><span class="pp-class-166 pa t3338 l42422 ls228">for </span><span class="pp-class-166 pa t3338 l36837">the </span><span class="pp-class-166 pa t3338 l42423 ls1617">majority </span><span class="pp-class-166 pa t3338 l42424">of </span><span class="pp-class-166 pa t3338 l13371">these. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3360 l3 ls1552">At </span><span class="pp-class-166 pa t3360 l42425 ls1866">31 </span><span class="pp-class-166 pa t3360 l9691 ls2298">December </span><span class="pp-class-166 pa t3360 l16123 ls2688">2025, </span><span class="pp-class-166 pa t3360 l10009 ls1186">credit </span><span class="pp-class-166 pa t3360 l42426 ls6530">insurance </span><span class="pp-class-166 pa t3360 l11031 ls2298">amounted </span><span class="pp-class-166 pa t3360 l42005 ls2302">to </span><span class="pp-class-166 pa t3360 l42427 ls1853">DKK </span><span class="pp-class-166 pa t3360 l42428 ls1858">21,553 </span><span class="pp-class-166 pa t3360 l42429 ls1498">million, </span><span class="pp-class-166 pa t3360 l42430 ls13599">corre-</span><span class="pp-class-166 pa t3373 l3 ls1498">sponding </span><span class="pp-class-166 pa t3373 l6839 ls2302">to </span><span class="pp-class-166 pa t3373 l42431 ls1853">48% </span><span class="pp-class-166 pa t3373 l31801 ls1866">of </span><span class="pp-class-166 pa t3373 l42432 ls2267">total </span><span class="pp-class-166 pa t3373 l3443 ls1663">trade </span><span class="pp-class-166 pa t3373 l42433 ls2247">receivables </span><span class="pp-class-166 pa t3373 l18966 ls1858">(2024: </span><span class="pp-class-166 pa t3373 l20672 ls1853">DKK </span><span class="pp-class-166 pa t3373 l42434 ls1858">18,288 </span><span class="pp-class-166 pa t3373 l30710 ls2660">million </span><span class="pp-class-166 pa t3373 l42435 ls1866">or </span><span class="pp-class-166 pa t3373 l42436 ls1866">67%). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3375 l3 ls189">Loss </span><span class="pp-class-166 pa t3375 l34883 ls189">allowances </span><span class="pp-class-166 pa t3375 l6753 ls228">for </span><span class="pp-class-166 pa t3375 l6800 ls66">impaired </span><span class="pp-class-166 pa t3375 l28060 ls1129">trade </span><span class="pp-class-166 pa t3375 l42437 ls1444">receivables </span><span class="pp-class-166 pa t3375 l42438 ls228">are </span><span class="pp-class-166 pa t3375 l42439 ls66">provided </span><span class="pp-class-166 pa t3375 l34473 ls228">for </span><span class="pp-class-166 pa t3375 l42440 ls851">following </span><span class="pp-class-166 pa t3375 l42441">an </span><span class="pp-class-166 pa t3387 l3 ls70">expected </span><span class="pp-class-166 pa t3387 l21045 ls564">credit </span><span class="pp-class-166 pa t3387 l23596 ls48">loss </span><span class="pp-class-166 pa t3387 l42442">model. </span><span class="pp-class-166 pa t3387 l42443">The </span><span class="pp-class-166 pa t3387 l42444">model </span><span class="pp-class-166 pa t3387 l23674">includes </span><span class="pp-class-166 pa t3387 l42445 ls851">uninsured </span><span class="pp-class-166 pa t3387 l42446 ls1129">trade </span><span class="pp-class-166 pa t3387 l42447 ls2168">receivables </span><span class="pp-class-166 pa t3387 l12829">and </span><span class="pp-class-166 pa t3395 l3 ls704">contract </span><span class="pp-class-166 pa t3395 l20926 ls428">assets. </span><span class="pp-class-166 pa t3395 l41778">The </span><span class="pp-class-166 pa t3395 l3108">model </span><span class="pp-class-166 pa t3395 l16693">also </span><span class="pp-class-166 pa t3395 l23117 ls853">factors </span><span class="pp-class-166 pa t3395 l42448">in </span><span class="pp-class-166 pa t3395 l42449">any </span><span class="pp-class-166 pa t3395 l13702">own </span><span class="pp-class-166 pa t3395 l42450">risk </span><span class="pp-class-166 pa t3395 l42451">on </span><span class="pp-class-166 pa t3395 l42452 ls856">insured </span><span class="pp-class-166 pa t3395 l42453 ls1740">receivables. </span><span class="pp-class-166 pa t3406 l3 ls951">Expected </span><span class="pp-class-166 pa t3406 l42454 ls564">credit </span><span class="pp-class-166 pa t3406 l20994 ls48">loss </span><span class="pp-class-166 pa t3406 l42455">at </span><span class="pp-class-166 pa t3406 l42456">31 </span><span class="pp-class-166 pa t3406 l30347 ls234">December </span><span class="pp-class-166 pa t3406 l4365">2025 </span><span class="pp-class-166 pa t3406 l42457">and </span><span class="pp-class-166 pa t3406 l42458">31 </span><span class="pp-class-166 pa t3406 l31440 ls234">December </span><span class="pp-class-166 pa t3406 l42459">2024 </span><span class="pp-class-166 pa t3406 l42460">is </span><span class="pp-class-166 pa t3406 l12558 ls228">pre-</span><span class="pp-class-166 pa t3722 l3 ls740">sented </span><span class="pp-class-166 pa t3722 l4144">in </span><span class="pp-class-166 pa t3722 l22125">the </span><span class="pp-class-166 pa t3722 l22126 ls851">following </span><span class="pp-class-166 pa t3722 l30594 ls127">tables:</span></p></div></div><div id="pp-id-4463" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42461 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls228">Expected </span><span class="pp-class-170 pa t28110 l29030 ls6383">credit </span><span class="pp-class-170 pa t28110 l42462 ls115">loss </span><span class="pp-class-170 pa t28110 l42463 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42464 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42465">amount </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42466 ls1552">Expected </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42467 ls5290">loss </span><span class="pp-class-166 pa t37784 l42468 ls6607">rate </span><span class="pp-class-166 pa t37784 l42469 ls2273">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42470 ls189">Loss </span><span class="pp-class-166 pa t37784 l42471 ls2540">allowance </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28137">47,513</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42472">0.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28132">100</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40837 l26459">1-30 </span><span class="pp-class-166 pa t40837 l42473 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l33368">5,274</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42472">1.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l28210">96</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40841 l26459">31-60 </span><span class="pp-class-166 pa t40841 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l33368">1,399</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42472">6.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28210">89</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40842 l26459">61-90 </span><span class="pp-class-166 pa t40842 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28130">714</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42474">14.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28132">103</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40847 l26459">91-120 </span><span class="pp-class-166 pa t40847 l42475 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28130">329</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42474">28.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28210">92</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1410">Overdue </span><span class="pp-class-166 pa t37425 l26459">&gt;121 </span><span class="pp-class-166 pa t37425 l3911 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l33368">1,088</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42474">71.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28132">779</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l42476 ls2688">56,317</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l37967 ls2690">1,259</span></p></td></tr></table></div></div><div id="pp-id-4464" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42461 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls228">Expected </span><span class="pp-class-170 pa t28110 l29030 ls6383">credit </span><span class="pp-class-170 pa t28110 l42462 ls115">loss </span><span class="pp-class-170 pa t28110 l42463 ls1853">2024</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42464 ls3593">Carrying </span><span class="pp-class-166 pa t37784 l42465">amount </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42477 ls951">Expected </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l42478 ls48">loss </span><span class="pp-class-166 pa t37784 l42479 ls5905">rate </span><span class="pp-class-166 pa t37784 l42480">(%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42470 ls189">Loss </span><span class="pp-class-166 pa t37784 l42471 ls2540">allowance </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3 ls135">Current</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28137">28,685</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42472">0.1%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l28210">43</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40837 l26459">1-30 </span><span class="pp-class-166 pa t40837 l42473 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l33368">3,428</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42472">1.2%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l28210">42</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40841 l26459">31-60 </span><span class="pp-class-166 pa t40841 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28130">854</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42472">4.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l28210">38</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40842 l26459">61-90 </span><span class="pp-class-166 pa t40842 l15928 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28130">364</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42472">9.6%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l28210">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3 ls1410">Overdue </span><span class="pp-class-166 pa t40847 l26459">91-120 </span><span class="pp-class-166 pa t40847 l42475 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28130">210</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42474">16.7%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l28210">35</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3 ls1410">Overdue </span><span class="pp-class-166 pa t37425 l26459">&gt;121 </span><span class="pp-class-166 pa t37425 l3911 ls3997">days</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28130">406</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42474">43.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28132">178</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l42476 ls2688">33,947</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l38178 ls1866">371</span></p></td></tr></table></div></div><div id="pp-id-4465" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h35081 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t6303 l3 ls1430">Current </span><span class="pp-class-166 pa t6303 l20615 ls1444">receivables </span><span class="pp-class-166 pa t6303 l27866 ls228">are </span><span class="pp-class-166 pa t6303 l42481 ls564">considered </span><span class="pp-class-166 pa t6303 l42482 ls135">to </span><span class="pp-class-166 pa t6303 l42483 ls48">have </span><span class="pp-class-166 pa t6303 l42484">high </span><span class="pp-class-166 pa t6303 l42485 ls28776">creditworthiness </span><span class="pp-class-166 pa t6303 l42486">with </span><span class="pp-class-166 pa t6303 l42487">a </span><span class="pp-class-166 pa t6303 l42488">low </span><span class="pp-class-166 pa t6312 l3">risk </span><span class="pp-class-166 pa t6312 l16292">of </span><span class="pp-class-166 pa t6312 l21407 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42489 l3">The </span><span class="pp-class-166 pa t42489 l1525 ls48">loss </span><span class="pp-class-166 pa t42489 l39614 ls2540">allowance </span><span class="pp-class-166 pa t42489 l42490 ls851">provision </span><span class="pp-class-166 pa t42489 l38176 ls228">for </span><span class="pp-class-166 pa t42489 l12003">the </span><span class="pp-class-166 pa t42489 l33932 ls48">year </span><span class="pp-class-166 pa t42489 l42491">is </span><span class="pp-class-166 pa t42489 l10660">specified </span><span class="pp-class-166 pa t42489 l37171 ls794">below:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42492 l3 ls2668">Loss </span><span class="pp-class-170 pa t42492 l21643 ls129">allowance </span><span class="pp-class-170 pa t42492 l42493 ls191">provision</span><span class="pp-class-166 pa t42492 l42494"/></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42495 l3">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42495 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42495 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l3 ls2236">Provision </span><span class="pp-class-166 pa t42496 l42497">at </span><span class="pp-class-166 pa t42496 l2509">1 </span><span class="pp-class-166 pa t42496 l42498 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l28131">371</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42496 l28132">331</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l3 ls704">Losses </span><span class="pp-class-166 pa t42499 l42500 ls702">recognised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l42501">(210)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42499 l40006">(120)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l3 ls1217">Reversal </span><span class="pp-class-166 pa t42502 l10432">of </span><span class="pp-class-166 pa t42502 l40848 ls164">provisions </span><span class="pp-class-166 pa t42502 l9946 ls267">from </span><span class="pp-class-166 pa t42502 l25271 ls66">previous </span><span class="pp-class-166 pa t42502 l42503 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l42501">(250)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42502 l40006">(206)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l3">Additions </span><span class="pp-class-166 pa t42504 l35356 ls228">for </span><span class="pp-class-166 pa t42504 l14735">the </span><span class="pp-class-166 pa t42504 l494 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l28131">355</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42504 l28132">363</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42505 l3">Additions </span><span class="pp-class-166 pa t42505 l35356 ls267">from </span><span class="pp-class-166 pa t42505 l39069 ls394">business </span><span class="pp-class-166 pa t42505 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42505 l32699">1,036</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-171 pa t42505 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l3 ls187">Currency </span><span class="pp-class-166 pa t42506 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l42507">(43)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42506 l28532">3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l3 ls4132">Provision </span><span class="pp-class-170 pa t42508 l42509 ls1866">at </span><span class="pp-class-170 pa t42508 l42510 ls1866">31 </span><span class="pp-class-170 pa t42508 l42511 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l41458 ls2690">1,259</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42508 l38178 ls1866">371</span></p></td></tr></table><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42512 l3">Impairment </span><span class="pp-class-166 pa t42512 l38085 ls239">losses </span><span class="pp-class-166 pa t42512 l42513">on </span><span class="pp-class-166 pa t42512 l42514 ls1129">trade </span><span class="pp-class-166 pa t42512 l10634 ls1444">receivables </span><span class="pp-class-166 pa t42512 l2864 ls228">for </span><span class="pp-class-166 pa t42512 l42515">2025 </span><span class="pp-class-166 pa t42512 l6412 ls234">amounted </span><span class="pp-class-166 pa t42512 l42516 ls135">to </span><span class="pp-class-166 pa t42512 l42517">DKK </span><span class="pp-class-166 pa t42512 l42518">210 </span><span class="pp-class-166 pa t42512 l30730">million, </span><span class="pp-class-166 pa t6462 l3 ls5508">corresponding </span><span class="pp-class-166 pa t6462 l14462 ls135">to </span><span class="pp-class-166 pa t6462 l14463">0.08% </span><span class="pp-class-166 pa t6462 l18773">of </span><span class="pp-class-166 pa t6462 l18774 ls1119">consolidated </span><span class="pp-class-166 pa t6462 l42519 ls1410">revenue </span><span class="pp-class-166 pa t6462 l28839">(2024: </span><span class="pp-class-166 pa t6462 l23839">DKK </span><span class="pp-class-166 pa t6462 l42520">120 </span><span class="pp-class-166 pa t6462 l42521">million, </span><span class="pp-class-166 pa t6472 l3">or </span><span class="pp-class-166 pa t6472 l21054">0.07%).</span></p></div></div> <div class="pp-class-4" id="pp-id-4466" xmlns="http://www.w3.org/1999/xhtml"><div class="w42522 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.6 </span><span class="pp-class-169 pa t254 l37093 ls38345">Derivative </span><span class="pp-class-169 pa t254 l42523 ls35162">financial </span><span class="pp-class-169 pa t254 l42524 ls3165">instruments</span></p></div></div><div class="pp-class-4" id="pp-id-4467" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42525 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3 ls158">Derivative </span><span class="pp-class-166 pa t41653 l42526">financial </span><span class="pp-class-166 pa t41653 l14107 ls239">instruments </span><span class="pp-class-166 pa t41653 l42527 ls228">are </span><span class="pp-class-166 pa t41653 l42528 ls564">recognised </span><span class="pp-class-166 pa t41653 l42529">on </span><span class="pp-class-166 pa t41653 l20894">the </span><span class="pp-class-166 pa t41653 l42530 ls1129">trade </span><span class="pp-class-166 pa t41653 l11065 ls1122">date </span><span class="pp-class-166 pa t41653 l42531">and </span><span class="pp-class-166 pa t41653 l40704 ls228">are </span><span class="pp-class-166 pa t41661 l3 ls1528">measured </span><span class="pp-class-166 pa t41661 l22264">at </span><span class="pp-class-166 pa t41661 l5870 ls2307">fair </span><span class="pp-class-166 pa t41661 l12778 ls239">value. </span><span class="pp-class-166 pa t41661 l8784 ls1528">Positive </span><span class="pp-class-166 pa t41661 l42532">and </span><span class="pp-class-166 pa t41661 l5910 ls394">negative </span><span class="pp-class-166 pa t41661 l40718 ls2307">fair </span><span class="pp-class-166 pa t41661 l36924 ls239">values </span><span class="pp-class-166 pa t41661 l42533 ls228">are </span><span class="pp-class-166 pa t41661 l23716">included </span><span class="pp-class-166 pa t41661 l12476">in </span><span class="pp-class-166 pa t41661 l42534 ls75">other </span><span class="pp-class-166 pa t41669 l3 ls702">current </span><span class="pp-class-166 pa t41669 l30365 ls2168">receivables </span><span class="pp-class-166 pa t41669 l42535">or </span><span class="pp-class-166 pa t41669 l21777 ls75">other </span><span class="pp-class-166 pa t41669 l37562 ls702">current </span><span class="pp-class-166 pa t41669 l37333 ls394">payables </span><span class="pp-class-166 pa t41669 l42536">in </span><span class="pp-class-166 pa t41669 l5479">the </span><span class="pp-class-166 pa t41669 l20069 ls1122">statement </span><span class="pp-class-166 pa t41669 l42537">of </span><span class="pp-class-166 pa t41669 l42538">financial </span><span class="pp-class-166 pa t41677 l3">position. </span><span class="pp-class-166 pa t41677 l25786 ls1528">Positive </span><span class="pp-class-166 pa t41677 l15544">and </span><span class="pp-class-166 pa t41677 l12562 ls394">negative </span><span class="pp-class-166 pa t41677 l39618 ls2307">fair </span><span class="pp-class-166 pa t41677 l9749 ls239">values </span><span class="pp-class-166 pa t41677 l27640 ls228">are </span><span class="pp-class-166 pa t41677 l3019">only </span><span class="pp-class-166 pa t41677 l38553 ls377">offset </span><span class="pp-class-166 pa t41677 l42539">if </span><span class="pp-class-166 pa t41677 l42540">the </span><span class="pp-class-166 pa t41677 l42541 ls497">Group </span><span class="pp-class-166 pa t41677 l42542">has </span><span class="pp-class-166 pa t41677 l42543">a </span><span class="pp-class-166 pa t42544 l3">right </span><span class="pp-class-166 pa t42544 l25758">and </span><span class="pp-class-166 pa t42544 l25746">an </span><span class="pp-class-166 pa t42544 l42545 ls1428">intention </span><span class="pp-class-166 pa t42544 l42546 ls135">to </span><span class="pp-class-166 pa t42544 l42547 ls93">settle </span><span class="pp-class-166 pa t42544 l41762 ls946">several </span><span class="pp-class-166 pa t42544 l42548">financial </span><span class="pp-class-166 pa t42544 l42549 ls239">instruments </span><span class="pp-class-166 pa t42544 l42550 ls234">net </span><span class="pp-class-166 pa t42544 l39861">(by </span><span class="pp-class-166 pa t42544 l42551 ls101">means </span><span class="pp-class-166 pa t41680 l3">of </span><span class="pp-class-166 pa t41680 l2457 ls1026">settlement </span><span class="pp-class-166 pa t41680 l37906">of </span><span class="pp-class-166 pa t41680 l5238 ls2307">differences). </span><span class="pp-class-166 pa t41680 l26936 ls3342">Fair </span><span class="pp-class-166 pa t41680 l9482 ls101">value </span><span class="pp-class-166 pa t41680 l42552">is </span><span class="pp-class-166 pa t41680 l42553 ls2022">determined </span><span class="pp-class-166 pa t41680 l42554">based </span><span class="pp-class-166 pa t41680 l42555">on </span><span class="pp-class-166 pa t41680 l15044 ls1217">generally </span><span class="pp-class-166 pa t41687 l3 ls135">accepted </span><span class="pp-class-166 pa t41687 l28658 ls394">valuation </span><span class="pp-class-166 pa t41687 l6234 ls461">methods </span><span class="pp-class-166 pa t41687 l42556">using </span><span class="pp-class-166 pa t41687 l42557 ls394">available </span><span class="pp-class-166 pa t41687 l9791 ls2390">observable </span><span class="pp-class-166 pa t41687 l14667 ls495">market </span><span class="pp-class-166 pa t41687 l42558 ls853">data.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3">When </span><span class="pp-class-166 pa t42559 l4926 ls234">entering </span><span class="pp-class-166 pa t42559 l42560 ls1122">into </span><span class="pp-class-166 pa t42559 l26539 ls1849">contracts </span><span class="pp-class-166 pa t42559 l42561 ls228">for </span><span class="pp-class-166 pa t42559 l42562">financial </span><span class="pp-class-166 pa t42559 l42563 ls455">instruments, </span><span class="pp-class-166 pa t42559 l42564">an </span><span class="pp-class-166 pa t42559 l42565 ls158">assessment </span><span class="pp-class-166 pa t42559 l11267">is </span><span class="pp-class-166 pa t42559 l42566">made </span><span class="pp-class-166 pa t41696 l3">of </span><span class="pp-class-166 pa t41696 l2457 ls461">whether </span><span class="pp-class-166 pa t41696 l33806">the </span><span class="pp-class-166 pa t41696 l42567 ls239">instrument </span><span class="pp-class-166 pa t41696 l42568">qualifies </span><span class="pp-class-166 pa t41696 l42569 ls228">for </span><span class="pp-class-166 pa t41696 l29296">hedge </span><span class="pp-class-166 pa t41696 l42570 ls149">accounting, </span><span class="pp-class-166 pa t41696 l28347">including </span><span class="pp-class-166 pa t41696 l42571 ls461">whether </span><span class="pp-class-166 pa t41704 l3">the </span><span class="pp-class-166 pa t41704 l1913 ls239">instrument </span><span class="pp-class-166 pa t41704 l42572">hedges </span><span class="pp-class-166 pa t41704 l12043 ls564">recognised </span><span class="pp-class-166 pa t41704 l42573 ls4053">assets </span><span class="pp-class-166 pa t41704 l42574">and </span><span class="pp-class-166 pa t41704 l42575">liabilities </span><span class="pp-class-166 pa t41704 l42576">or </span><span class="pp-class-166 pa t41704 l24085 ls234">net </span><span class="pp-class-166 pa t41704 l42577 ls226">investments </span><span class="pp-class-166 pa t41711 l3">in </span><span class="pp-class-166 pa t41711 l1746 ls228">foreign </span><span class="pp-class-166 pa t41711 l32063">entities. </span><span class="pp-class-166 pa t41711 l28309">The </span><span class="pp-class-166 pa t41711 l38121 ls455">effectiveness </span><span class="pp-class-166 pa t41711 l34587">of </span><span class="pp-class-166 pa t41711 l12742 ls564">recognised </span><span class="pp-class-166 pa t41711 l30568">financial </span><span class="pp-class-166 pa t41711 l42578 ls239">instruments </span><span class="pp-class-166 pa t41711 l42579">is </span><span class="pp-class-166 pa t41717 l3 ls226">assessed </span><span class="pp-class-166 pa t41717 l4046">on </span><span class="pp-class-166 pa t41717 l9088">a </span><span class="pp-class-166 pa t41717 l23484">monthly </span><span class="pp-class-166 pa t41717 l42580">basis, </span><span class="pp-class-166 pa t41717 l2205">and </span><span class="pp-class-166 pa t41717 l42581">any </span><span class="pp-class-166 pa t41717 l42582 ls7127">ineffectiveness </span><span class="pp-class-166 pa t41717 l42583">is </span><span class="pp-class-166 pa t41717 l42584 ls564">recognised </span><span class="pp-class-166 pa t41717 l42585">in </span><span class="pp-class-166 pa t41717 l42586">the </span><span class="pp-class-166 pa t42587 l3 ls1122">statement </span><span class="pp-class-166 pa t42587 l21945">of </span><span class="pp-class-166 pa t42587 l793 ls564">profit </span><span class="pp-class-166 pa t42587 l42588">or </span><span class="pp-class-166 pa t42587 l42589 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41727 l3 ls3342">Fair </span><span class="pp-class-166 pa t41727 l34964 ls101">value </span><span class="pp-class-166 pa t41727 l34965">changes </span><span class="pp-class-166 pa t41727 l22789 ls205">classified </span><span class="pp-class-166 pa t41727 l42590">as </span><span class="pp-class-166 pa t41727 l32212">and </span><span class="pp-class-166 pa t41727 l42591">fulfilling </span><span class="pp-class-166 pa t41727 l42592">the </span><span class="pp-class-166 pa t41727 l11958 ls234">criteria </span><span class="pp-class-166 pa t41727 l42593 ls228">for </span><span class="pp-class-166 pa t41727 l42594 ls5508">recognition </span><span class="pp-class-166 pa t41727 l42595">as </span><span class="pp-class-166 pa t41727 l42596">a </span><span class="pp-class-166 pa t41734 l3 ls2307">fair </span><span class="pp-class-166 pa t41734 l36332 ls101">value </span><span class="pp-class-166 pa t41734 l9438">hedge </span><span class="pp-class-166 pa t41734 l42597 ls228">are </span><span class="pp-class-166 pa t41734 l22402 ls564">recognised </span><span class="pp-class-166 pa t41734 l20073">in </span><span class="pp-class-166 pa t41734 l31346">the </span><span class="pp-class-166 pa t41734 l42598 ls1122">statement </span><span class="pp-class-166 pa t41734 l42599">of </span><span class="pp-class-166 pa t41734 l32560 ls564">profit </span><span class="pp-class-166 pa t41734 l42600">or </span><span class="pp-class-166 pa t41734 l10785 ls48">loss </span><span class="pp-class-166 pa t41734 l42601 ls59">together </span><span class="pp-class-166 pa t41743 l3">with </span><span class="pp-class-166 pa t41743 l3388">changes </span><span class="pp-class-166 pa t41743 l23384">in </span><span class="pp-class-166 pa t41743 l4972">the </span><span class="pp-class-166 pa t41743 l42602 ls101">value </span><span class="pp-class-166 pa t41743 l42603">of </span><span class="pp-class-166 pa t41743 l22078">the </span><span class="pp-class-166 pa t41743 l41144">specific </span><span class="pp-class-166 pa t41743 l42604 ls2103">portion </span><span class="pp-class-166 pa t41743 l42605">of </span><span class="pp-class-166 pa t41743 l42606">the </span><span class="pp-class-166 pa t41743 l42607 ls1428">asset </span><span class="pp-class-166 pa t41743 l42608">or </span><span class="pp-class-166 pa t41743 l19035 ls1732">liability </span><span class="pp-class-166 pa t42609 l3">that </span><span class="pp-class-166 pa t42609 l3494">has </span><span class="pp-class-166 pa t42609 l27519">been </span><span class="pp-class-166 pa t42609 l34533">hedged.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3 ls3342">Fair </span><span class="pp-class-166 pa t41746 l34964 ls101">value </span><span class="pp-class-166 pa t41746 l34965">changes </span><span class="pp-class-166 pa t41746 l22789">in </span><span class="pp-class-166 pa t41746 l6026">the </span><span class="pp-class-166 pa t41746 l18880 ls2390">part </span><span class="pp-class-166 pa t41746 l28295">of </span><span class="pp-class-166 pa t41746 l42610">the </span><span class="pp-class-166 pa t41746 l42611 ls158">derivative </span><span class="pp-class-166 pa t41746 l42612">which </span><span class="pp-class-166 pa t41746 l42613">is </span><span class="pp-class-166 pa t41746 l42614 ls205">classified </span><span class="pp-class-166 pa t41746 l42615">as </span><span class="pp-class-166 pa t41746 l42616">and </span><span class="pp-class-166 pa t41750 l3">qualifies </span><span class="pp-class-166 pa t41750 l40772 ls228">for </span><span class="pp-class-166 pa t41750 l39232 ls5508">recognition </span><span class="pp-class-166 pa t41750 l26183">as </span><span class="pp-class-166 pa t41750 l42617">a </span><span class="pp-class-166 pa t41750 l31752 ls564">future </span><span class="pp-class-166 pa t41750 l37002 ls923">cash </span><span class="pp-class-166 pa t41750 l26242">flow </span><span class="pp-class-166 pa t41750 l42618">hedge </span><span class="pp-class-166 pa t41750 l42619">and </span><span class="pp-class-166 pa t41750 l30664">which </span><span class="pp-class-166 pa t41750 l42620 ls1900">effectively </span><span class="pp-class-166 pa t41757 l3">hedges </span><span class="pp-class-166 pa t41757 l28057 ls48">against </span><span class="pp-class-166 pa t41757 l15207">changes </span><span class="pp-class-166 pa t41757 l42621">in </span><span class="pp-class-166 pa t41757 l26481">the </span><span class="pp-class-166 pa t41757 l42622 ls101">value </span><span class="pp-class-166 pa t41757 l42623">of </span><span class="pp-class-166 pa t41757 l42624">the </span><span class="pp-class-166 pa t41757 l42625">hedged </span><span class="pp-class-166 pa t41757 l42626 ls1122">item </span><span class="pp-class-166 pa t41757 l36097 ls228">are </span><span class="pp-class-166 pa t41757 l42627 ls564">recognised </span><span class="pp-class-166 pa t41757 l42628">in </span><span class="pp-class-166 pa t42629 l3 ls75">other </span><span class="pp-class-166 pa t42629 l1276 ls495">comprehensive </span><span class="pp-class-166 pa t42629 l29336 ls740">income </span><span class="pp-class-166 pa t42629 l21471">as </span><span class="pp-class-166 pa t42629 l42630">a </span><span class="pp-class-166 pa t42629 l42631 ls3962">separate </span><span class="pp-class-166 pa t42629 l42632">hedging </span><span class="pp-class-166 pa t42629 l42633 ls205">reserve.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41759 l3">When </span><span class="pp-class-166 pa t41759 l4926">the </span><span class="pp-class-166 pa t41759 l14198">underlying </span><span class="pp-class-166 pa t41759 l42634">hedged </span><span class="pp-class-166 pa t41759 l42635 ls1122">item </span><span class="pp-class-166 pa t41759 l19562">is </span><span class="pp-class-166 pa t41759 l42636 ls107">realised, </span><span class="pp-class-166 pa t41759 l7614">any </span><span class="pp-class-166 pa t41759 l25743">gain </span><span class="pp-class-166 pa t41759 l42637">or </span><span class="pp-class-166 pa t41759 l39191 ls48">loss </span><span class="pp-class-166 pa t41759 l31429">on </span><span class="pp-class-166 pa t41759 l42638">the </span><span class="pp-class-166 pa t41759 l30617">hedging </span><span class="pp-class-166 pa t41767 l3 ls750">transaction </span><span class="pp-class-166 pa t41767 l3649">is </span><span class="pp-class-166 pa t41767 l3650 ls228">transferred </span><span class="pp-class-166 pa t41767 l1529 ls267">from </span><span class="pp-class-166 pa t41767 l42639 ls1701">equity </span><span class="pp-class-166 pa t41767 l7113">and </span><span class="pp-class-166 pa t41767 l7168 ls564">recognised </span><span class="pp-class-166 pa t41767 l11004 ls59">together </span><span class="pp-class-166 pa t41767 l42640">with </span><span class="pp-class-166 pa t41767 l42641">the </span><span class="pp-class-166 pa t41777 l3">hedged </span><span class="pp-class-166 pa t41777 l42642 ls189">item. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42643 l3 ls3342">Fair </span><span class="pp-class-166 pa t42643 l34964 ls101">value </span><span class="pp-class-166 pa t42643 l34965">changes </span><span class="pp-class-166 pa t42643 l22789">that </span><span class="pp-class-166 pa t42643 l9510">do </span><span class="pp-class-166 pa t42643 l42644 ls1528">not </span><span class="pp-class-166 pa t42643 l42645 ls923">meet </span><span class="pp-class-166 pa t42643 l20987">the </span><span class="pp-class-166 pa t42643 l9889 ls234">criteria </span><span class="pp-class-166 pa t42643 l36812 ls228">for </span><span class="pp-class-166 pa t42643 l27152 ls107">treatment </span><span class="pp-class-166 pa t42643 l42646">as </span><span class="pp-class-166 pa t42643 l42647">hedging </span><span class="pp-class-166 pa t41794 l3 ls239">instruments </span><span class="pp-class-166 pa t41794 l42648 ls228">are </span><span class="pp-class-166 pa t41794 l25124 ls564">recognised </span><span class="pp-class-166 pa t41794 l32602">on </span><span class="pp-class-166 pa t41794 l11486">an </span><span class="pp-class-166 pa t41794 l39546">ongoing </span><span class="pp-class-166 pa t41794 l42649">basis </span><span class="pp-class-166 pa t41794 l42650">in </span><span class="pp-class-166 pa t41794 l1908">the </span><span class="pp-class-166 pa t41794 l14781 ls1122">statement </span><span class="pp-class-166 pa t41794 l42651">of </span><span class="pp-class-166 pa t41794 l6728 ls564">profit </span><span class="pp-class-166 pa t41799 l3">or </span><span class="pp-class-166 pa t41799 l21054 ls48">loss </span><span class="pp-class-166 pa t41799 l36677">under </span><span class="pp-class-166 pa t41799 l28490">financial </span><span class="pp-class-166 pa t41799 l22275 ls189">items.</span></p></div></div><div class="pp-class-4" id="pp-id-4469" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42652 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t42653 l3 ls3323">Foreign </span><span class="pp-class-170 pa t42653 l2631 ls2605">exchange </span><span class="pp-class-170 pa t42653 l42654 ls749">forward </span><span class="pp-class-170 pa t42653 l42242 ls5287">contracts</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42655 l3">The </span><span class="pp-class-166 pa t42655 l1525 ls497">Group </span><span class="pp-class-166 pa t42655 l36541">mainly </span><span class="pp-class-166 pa t42655 l35089">uses </span><span class="pp-class-166 pa t42655 l42656 ls228">foreign </span><span class="pp-class-166 pa t42655 l37184 ls851">exchange </span><span class="pp-class-166 pa t42655 l22001 ls4372">forward </span><span class="pp-class-166 pa t42655 l42657 ls1849">contracts </span><span class="pp-class-166 pa t42655 l42658 ls135">to </span><span class="pp-class-166 pa t42655 l42659">manage </span><span class="pp-class-166 pa t42655 l42660 ls228">foreign </span><span class="pp-class-166 pa t42661 l3 ls1849">currency </span><span class="pp-class-166 pa t42661 l36591 ls492">risks. </span><span class="pp-class-166 pa t42661 l42662">The </span><span class="pp-class-166 pa t42661 l42663 ls4372">forward </span><span class="pp-class-166 pa t42661 l6802 ls1849">contracts </span><span class="pp-class-166 pa t42661 l42664 ls228">are </span><span class="pp-class-166 pa t42661 l23721">used </span><span class="pp-class-166 pa t42661 l42665 ls135">to </span><span class="pp-class-166 pa t42661 l42666">manage </span><span class="pp-class-166 pa t42661 l42667 ls1849">currency </span><span class="pp-class-166 pa t42661 l42668 ls3490">exposures </span><span class="pp-class-166 pa t42669 l3 ls66">relating </span><span class="pp-class-166 pa t42669 l1943 ls135">to </span><span class="pp-class-166 pa t42669 l1759 ls59">external </span><span class="pp-class-166 pa t42669 l42670 ls4053">assets </span><span class="pp-class-166 pa t42669 l42671">and </span><span class="pp-class-166 pa t42669 l42672">liabilities </span><span class="pp-class-166 pa t42669 l42673">as </span><span class="pp-class-166 pa t42669 l42674 ls1122">well </span><span class="pp-class-166 pa t42669 l42675">as </span><span class="pp-class-166 pa t42669 l4380 ls70">expected </span><span class="pp-class-166 pa t42669 l42676 ls239">short-term </span><span class="pp-class-166 pa t42669 l42677 ls1129">opera-</span><span class="pp-class-166 pa t42678 l3">tional </span><span class="pp-class-166 pa t42678 l4945 ls923">cash </span><span class="pp-class-166 pa t42678 l32743">flows, </span><span class="pp-class-166 pa t42678 l42679">mainly </span><span class="pp-class-166 pa t42678 l42680">in </span><span class="pp-class-166 pa t42678 l42681 ls1343">USD. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42682 l3">A </span><span class="pp-class-166 pa t42682 l454">gain </span><span class="pp-class-166 pa t42682 l13330">on </span><span class="pp-class-166 pa t42682 l3376 ls228">foreign </span><span class="pp-class-166 pa t42682 l42683 ls851">exchange </span><span class="pp-class-166 pa t42682 l5782 ls4372">forward </span><span class="pp-class-166 pa t42682 l35837 ls1849">contracts </span><span class="pp-class-166 pa t42682 l15432">of </span><span class="pp-class-166 pa t42682 l42684">DKK </span><span class="pp-class-166 pa t42682 l1483">456 </span><span class="pp-class-166 pa t42682 l42685">million </span><span class="pp-class-166 pa t42682 l42686 ls1528">was </span><span class="pp-class-166 pa t42682 l42687 ls5905">recog-</span><span class="pp-class-166 pa t42688 l3">nised </span><span class="pp-class-166 pa t42688 l28657">in </span><span class="pp-class-166 pa t42688 l42689">the </span><span class="pp-class-166 pa t42688 l2468 ls1122">statement </span><span class="pp-class-166 pa t42688 l11119">of </span><span class="pp-class-166 pa t42688 l42690 ls564">profit </span><span class="pp-class-166 pa t42688 l11972">or </span><span class="pp-class-166 pa t42688 l13750 ls48">loss </span><span class="pp-class-166 pa t42688 l28976 ls228">for </span><span class="pp-class-166 pa t42688 l42691">2025 </span><span class="pp-class-166 pa t42688 l42692">(2024: </span><span class="pp-class-166 pa t42688 l10716">a </span><span class="pp-class-166 pa t42688 l13475 ls48">loss </span><span class="pp-class-166 pa t42688 l42693">of </span><span class="pp-class-166 pa t42688 l42694">DKK </span><span class="pp-class-166 pa t42688 l23571">294 </span><span class="pp-class-166 pa t42695 l3">million). </span><span class="pp-class-166 pa t42695 l10631">The </span><span class="pp-class-166 pa t42695 l10632 ls4372">forward </span><span class="pp-class-166 pa t42695 l42696 ls1849">contracts </span><span class="pp-class-166 pa t42695 l26475 ls2179">partially </span><span class="pp-class-166 pa t42695 l42697 ls1410">counteracted </span><span class="pp-class-166 pa t42695 l42698">a </span><span class="pp-class-166 pa t42695 l26527 ls48">loss </span><span class="pp-class-166 pa t42695 l23413">of </span><span class="pp-class-166 pa t42695 l42699">DKK </span><span class="pp-class-166 pa t42695 l42700">655 </span><span class="pp-class-166 pa t42695 l33810">million </span><span class="pp-class-166 pa t42701 l3">arising </span><span class="pp-class-166 pa t42701 l9838 ls267">from </span><span class="pp-class-166 pa t42701 l8592 ls228">foreign </span><span class="pp-class-166 pa t42701 l26240 ls851">exchange </span><span class="pp-class-166 pa t42701 l2057 ls1831">risks </span><span class="pp-class-166 pa t42701 l42702 ls1766">related </span><span class="pp-class-166 pa t42701 l42703 ls135">to </span><span class="pp-class-166 pa t42701 l42704">underlying </span><span class="pp-class-166 pa t42701 l42705 ls4053">assets </span><span class="pp-class-166 pa t42701 l4107">and </span><span class="pp-class-166 pa t42701 l42706">liabilities </span><span class="pp-class-166 pa t42707 l3">(2024: </span><span class="pp-class-166 pa t42707 l10819">a </span><span class="pp-class-166 pa t42707 l42708 ls48">loss </span><span class="pp-class-166 pa t42707 l34237">of </span><span class="pp-class-166 pa t42707 l42709">DKK </span><span class="pp-class-166 pa t42707 l1242">78 </span><span class="pp-class-166 pa t42707 l42710">million).</span></p><div id="pp-id-4468"><div class="w1459 h42711 pa t2 l3 wtro4 xx42712 tro6 xx42713"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t42714 l3 ls13591">Currency </span><span class="pp-class-170 pa t42714 l1852 ls2786">instruments </span><span class="pp-class-166 pa t42714 l42715">(DKKm)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t42714 l41446 ls1853">2025</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42714 l28116">2024</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42716 l3 ls1026">Contractual </span><span class="pp-class-166 pa t42716 l42717 ls48">value</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42716 l28138">12,216</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42716 l28139">14,063</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42718 l3 ls457">Maturity </span><span class="pp-class-166 pa t42718 l34189 ls101">(year)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42718 l28115">2026</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42718 l28116">2025</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42719 l3 ls3342">Fair </span><span class="pp-class-166 pa t42719 l34964 ls48">value</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42719 l28209">21</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42719 l38103">(58)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42720 l3">Of </span><span class="pp-class-166 pa t42720 l14886">which </span><span class="pp-class-166 pa t42720 l18970 ls564">recognised </span><span class="pp-class-166 pa t42720 l42721">in </span><span class="pp-class-166 pa t42720 l42456 ls564">profit </span><span class="pp-class-166 pa t42720 l42722">or </span><span class="pp-class-166 pa t42720 l42723 ls1026">loss</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42720 l28209">22</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42720 l38103">(63)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42724 l3">Of </span><span class="pp-class-166 pa t42724 l14886">which </span><span class="pp-class-166 pa t42724 l18970 ls564">recognised </span><span class="pp-class-166 pa t42724 l42721">in </span><span class="pp-class-166 pa t42724 l42456">OCI</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42724 l42725">(1)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42724 l28532">5</span></p></div></div></div></div></div> <div class="pp-class-4" id="pp-id-4467" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42525 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3 ls158">Derivative </span><span class="pp-class-166 pa t41653 l42526">financial </span><span class="pp-class-166 pa t41653 l14107 ls239">instruments </span><span class="pp-class-166 pa t41653 l42527 ls228">are </span><span class="pp-class-166 pa t41653 l42528 ls564">recognised </span><span class="pp-class-166 pa t41653 l42529">on </span><span class="pp-class-166 pa t41653 l20894">the </span><span class="pp-class-166 pa t41653 l42530 ls1129">trade </span><span class="pp-class-166 pa t41653 l11065 ls1122">date </span><span class="pp-class-166 pa t41653 l42531">and </span><span class="pp-class-166 pa t41653 l40704 ls228">are </span><span class="pp-class-166 pa t41661 l3 ls1528">measured </span><span class="pp-class-166 pa t41661 l22264">at </span><span class="pp-class-166 pa t41661 l5870 ls2307">fair </span><span class="pp-class-166 pa t41661 l12778 ls239">value. </span><span class="pp-class-166 pa t41661 l8784 ls1528">Positive </span><span class="pp-class-166 pa t41661 l42532">and </span><span class="pp-class-166 pa t41661 l5910 ls394">negative </span><span class="pp-class-166 pa t41661 l40718 ls2307">fair </span><span class="pp-class-166 pa t41661 l36924 ls239">values </span><span class="pp-class-166 pa t41661 l42533 ls228">are </span><span class="pp-class-166 pa t41661 l23716">included </span><span class="pp-class-166 pa t41661 l12476">in </span><span class="pp-class-166 pa t41661 l42534 ls75">other </span><span class="pp-class-166 pa t41669 l3 ls702">current </span><span class="pp-class-166 pa t41669 l30365 ls2168">receivables </span><span class="pp-class-166 pa t41669 l42535">or </span><span class="pp-class-166 pa t41669 l21777 ls75">other </span><span class="pp-class-166 pa t41669 l37562 ls702">current </span><span class="pp-class-166 pa t41669 l37333 ls394">payables </span><span class="pp-class-166 pa t41669 l42536">in </span><span class="pp-class-166 pa t41669 l5479">the </span><span class="pp-class-166 pa t41669 l20069 ls1122">statement </span><span class="pp-class-166 pa t41669 l42537">of </span><span class="pp-class-166 pa t41669 l42538">financial </span><span class="pp-class-166 pa t41677 l3">position. </span><span class="pp-class-166 pa t41677 l25786 ls1528">Positive </span><span class="pp-class-166 pa t41677 l15544">and </span><span class="pp-class-166 pa t41677 l12562 ls394">negative </span><span class="pp-class-166 pa t41677 l39618 ls2307">fair </span><span class="pp-class-166 pa t41677 l9749 ls239">values </span><span class="pp-class-166 pa t41677 l27640 ls228">are </span><span class="pp-class-166 pa t41677 l3019">only </span><span class="pp-class-166 pa t41677 l38553 ls377">offset </span><span class="pp-class-166 pa t41677 l42539">if </span><span class="pp-class-166 pa t41677 l42540">the </span><span class="pp-class-166 pa t41677 l42541 ls497">Group </span><span class="pp-class-166 pa t41677 l42542">has </span><span class="pp-class-166 pa t41677 l42543">a </span><span class="pp-class-166 pa t42544 l3">right </span><span class="pp-class-166 pa t42544 l25758">and </span><span class="pp-class-166 pa t42544 l25746">an </span><span class="pp-class-166 pa t42544 l42545 ls1428">intention </span><span class="pp-class-166 pa t42544 l42546 ls135">to </span><span class="pp-class-166 pa t42544 l42547 ls93">settle </span><span class="pp-class-166 pa t42544 l41762 ls946">several </span><span class="pp-class-166 pa t42544 l42548">financial </span><span class="pp-class-166 pa t42544 l42549 ls239">instruments </span><span class="pp-class-166 pa t42544 l42550 ls234">net </span><span class="pp-class-166 pa t42544 l39861">(by </span><span class="pp-class-166 pa t42544 l42551 ls101">means </span><span class="pp-class-166 pa t41680 l3">of </span><span class="pp-class-166 pa t41680 l2457 ls1026">settlement </span><span class="pp-class-166 pa t41680 l37906">of </span><span class="pp-class-166 pa t41680 l5238 ls2307">differences). </span><span class="pp-class-166 pa t41680 l26936 ls3342">Fair </span><span class="pp-class-166 pa t41680 l9482 ls101">value </span><span class="pp-class-166 pa t41680 l42552">is </span><span class="pp-class-166 pa t41680 l42553 ls2022">determined </span><span class="pp-class-166 pa t41680 l42554">based </span><span class="pp-class-166 pa t41680 l42555">on </span><span class="pp-class-166 pa t41680 l15044 ls1217">generally </span><span class="pp-class-166 pa t41687 l3 ls135">accepted </span><span class="pp-class-166 pa t41687 l28658 ls394">valuation </span><span class="pp-class-166 pa t41687 l6234 ls461">methods </span><span class="pp-class-166 pa t41687 l42556">using </span><span class="pp-class-166 pa t41687 l42557 ls394">available </span><span class="pp-class-166 pa t41687 l9791 ls2390">observable </span><span class="pp-class-166 pa t41687 l14667 ls495">market </span><span class="pp-class-166 pa t41687 l42558 ls853">data.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3">When </span><span class="pp-class-166 pa t42559 l4926 ls234">entering </span><span class="pp-class-166 pa t42559 l42560 ls1122">into </span><span class="pp-class-166 pa t42559 l26539 ls1849">contracts </span><span class="pp-class-166 pa t42559 l42561 ls228">for </span><span class="pp-class-166 pa t42559 l42562">financial </span><span class="pp-class-166 pa t42559 l42563 ls455">instruments, </span><span class="pp-class-166 pa t42559 l42564">an </span><span class="pp-class-166 pa t42559 l42565 ls158">assessment </span><span class="pp-class-166 pa t42559 l11267">is </span><span class="pp-class-166 pa t42559 l42566">made </span><span class="pp-class-166 pa t41696 l3">of </span><span class="pp-class-166 pa t41696 l2457 ls461">whether </span><span class="pp-class-166 pa t41696 l33806">the </span><span class="pp-class-166 pa t41696 l42567 ls239">instrument </span><span class="pp-class-166 pa t41696 l42568">qualifies </span><span class="pp-class-166 pa t41696 l42569 ls228">for </span><span class="pp-class-166 pa t41696 l29296">hedge </span><span class="pp-class-166 pa t41696 l42570 ls149">accounting, </span><span class="pp-class-166 pa t41696 l28347">including </span><span class="pp-class-166 pa t41696 l42571 ls461">whether </span><span class="pp-class-166 pa t41704 l3">the </span><span class="pp-class-166 pa t41704 l1913 ls239">instrument </span><span class="pp-class-166 pa t41704 l42572">hedges </span><span class="pp-class-166 pa t41704 l12043 ls564">recognised </span><span class="pp-class-166 pa t41704 l42573 ls4053">assets </span><span class="pp-class-166 pa t41704 l42574">and </span><span class="pp-class-166 pa t41704 l42575">liabilities </span><span class="pp-class-166 pa t41704 l42576">or </span><span class="pp-class-166 pa t41704 l24085 ls234">net </span><span class="pp-class-166 pa t41704 l42577 ls226">investments </span><span class="pp-class-166 pa t41711 l3">in </span><span class="pp-class-166 pa t41711 l1746 ls228">foreign </span><span class="pp-class-166 pa t41711 l32063">entities. </span><span class="pp-class-166 pa t41711 l28309">The </span><span class="pp-class-166 pa t41711 l38121 ls455">effectiveness </span><span class="pp-class-166 pa t41711 l34587">of </span><span class="pp-class-166 pa t41711 l12742 ls564">recognised </span><span class="pp-class-166 pa t41711 l30568">financial </span><span class="pp-class-166 pa t41711 l42578 ls239">instruments </span><span class="pp-class-166 pa t41711 l42579">is </span><span class="pp-class-166 pa t41717 l3 ls226">assessed </span><span class="pp-class-166 pa t41717 l4046">on </span><span class="pp-class-166 pa t41717 l9088">a </span><span class="pp-class-166 pa t41717 l23484">monthly </span><span class="pp-class-166 pa t41717 l42580">basis, </span><span class="pp-class-166 pa t41717 l2205">and </span><span class="pp-class-166 pa t41717 l42581">any </span><span class="pp-class-166 pa t41717 l42582 ls7127">ineffectiveness </span><span class="pp-class-166 pa t41717 l42583">is </span><span class="pp-class-166 pa t41717 l42584 ls564">recognised </span><span class="pp-class-166 pa t41717 l42585">in </span><span class="pp-class-166 pa t41717 l42586">the </span><span class="pp-class-166 pa t42587 l3 ls1122">statement </span><span class="pp-class-166 pa t42587 l21945">of </span><span class="pp-class-166 pa t42587 l793 ls564">profit </span><span class="pp-class-166 pa t42587 l42588">or </span><span class="pp-class-166 pa t42587 l42589 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41727 l3 ls3342">Fair </span><span class="pp-class-166 pa t41727 l34964 ls101">value </span><span class="pp-class-166 pa t41727 l34965">changes </span><span class="pp-class-166 pa t41727 l22789 ls205">classified </span><span class="pp-class-166 pa t41727 l42590">as </span><span class="pp-class-166 pa t41727 l32212">and </span><span class="pp-class-166 pa t41727 l42591">fulfilling </span><span class="pp-class-166 pa t41727 l42592">the </span><span class="pp-class-166 pa t41727 l11958 ls234">criteria </span><span class="pp-class-166 pa t41727 l42593 ls228">for </span><span class="pp-class-166 pa t41727 l42594 ls5508">recognition </span><span class="pp-class-166 pa t41727 l42595">as </span><span class="pp-class-166 pa t41727 l42596">a </span><span class="pp-class-166 pa t41734 l3 ls2307">fair </span><span class="pp-class-166 pa t41734 l36332 ls101">value </span><span class="pp-class-166 pa t41734 l9438">hedge </span><span class="pp-class-166 pa t41734 l42597 ls228">are </span><span class="pp-class-166 pa t41734 l22402 ls564">recognised </span><span class="pp-class-166 pa t41734 l20073">in </span><span class="pp-class-166 pa t41734 l31346">the </span><span class="pp-class-166 pa t41734 l42598 ls1122">statement </span><span class="pp-class-166 pa t41734 l42599">of </span><span class="pp-class-166 pa t41734 l32560 ls564">profit </span><span class="pp-class-166 pa t41734 l42600">or </span><span class="pp-class-166 pa t41734 l10785 ls48">loss </span><span class="pp-class-166 pa t41734 l42601 ls59">together </span><span class="pp-class-166 pa t41743 l3">with </span><span class="pp-class-166 pa t41743 l3388">changes </span><span class="pp-class-166 pa t41743 l23384">in </span><span class="pp-class-166 pa t41743 l4972">the </span><span class="pp-class-166 pa t41743 l42602 ls101">value </span><span class="pp-class-166 pa t41743 l42603">of </span><span class="pp-class-166 pa t41743 l22078">the </span><span class="pp-class-166 pa t41743 l41144">specific </span><span class="pp-class-166 pa t41743 l42604 ls2103">portion </span><span class="pp-class-166 pa t41743 l42605">of </span><span class="pp-class-166 pa t41743 l42606">the </span><span class="pp-class-166 pa t41743 l42607 ls1428">asset </span><span class="pp-class-166 pa t41743 l42608">or </span><span class="pp-class-166 pa t41743 l19035 ls1732">liability </span><span class="pp-class-166 pa t42609 l3">that </span><span class="pp-class-166 pa t42609 l3494">has </span><span class="pp-class-166 pa t42609 l27519">been </span><span class="pp-class-166 pa t42609 l34533">hedged.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3 ls3342">Fair </span><span class="pp-class-166 pa t41746 l34964 ls101">value </span><span class="pp-class-166 pa t41746 l34965">changes </span><span class="pp-class-166 pa t41746 l22789">in </span><span class="pp-class-166 pa t41746 l6026">the </span><span class="pp-class-166 pa t41746 l18880 ls2390">part </span><span class="pp-class-166 pa t41746 l28295">of </span><span class="pp-class-166 pa t41746 l42610">the </span><span class="pp-class-166 pa t41746 l42611 ls158">derivative </span><span class="pp-class-166 pa t41746 l42612">which </span><span class="pp-class-166 pa t41746 l42613">is </span><span class="pp-class-166 pa t41746 l42614 ls205">classified </span><span class="pp-class-166 pa t41746 l42615">as </span><span class="pp-class-166 pa t41746 l42616">and </span><span class="pp-class-166 pa t41750 l3">qualifies </span><span class="pp-class-166 pa t41750 l40772 ls228">for </span><span class="pp-class-166 pa t41750 l39232 ls5508">recognition </span><span class="pp-class-166 pa t41750 l26183">as </span><span class="pp-class-166 pa t41750 l42617">a </span><span class="pp-class-166 pa t41750 l31752 ls564">future </span><span class="pp-class-166 pa t41750 l37002 ls923">cash </span><span class="pp-class-166 pa t41750 l26242">flow </span><span class="pp-class-166 pa t41750 l42618">hedge </span><span class="pp-class-166 pa t41750 l42619">and </span><span class="pp-class-166 pa t41750 l30664">which </span><span class="pp-class-166 pa t41750 l42620 ls1900">effectively </span><span class="pp-class-166 pa t41757 l3">hedges </span><span class="pp-class-166 pa t41757 l28057 ls48">against </span><span class="pp-class-166 pa t41757 l15207">changes </span><span class="pp-class-166 pa t41757 l42621">in </span><span class="pp-class-166 pa t41757 l26481">the </span><span class="pp-class-166 pa t41757 l42622 ls101">value </span><span class="pp-class-166 pa t41757 l42623">of </span><span class="pp-class-166 pa t41757 l42624">the </span><span class="pp-class-166 pa t41757 l42625">hedged </span><span class="pp-class-166 pa t41757 l42626 ls1122">item </span><span class="pp-class-166 pa t41757 l36097 ls228">are </span><span class="pp-class-166 pa t41757 l42627 ls564">recognised </span><span class="pp-class-166 pa t41757 l42628">in </span><span class="pp-class-166 pa t42629 l3 ls75">other </span><span class="pp-class-166 pa t42629 l1276 ls495">comprehensive </span><span class="pp-class-166 pa t42629 l29336 ls740">income </span><span class="pp-class-166 pa t42629 l21471">as </span><span class="pp-class-166 pa t42629 l42630">a </span><span class="pp-class-166 pa t42629 l42631 ls3962">separate </span><span class="pp-class-166 pa t42629 l42632">hedging </span><span class="pp-class-166 pa t42629 l42633 ls205">reserve.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41759 l3">When </span><span class="pp-class-166 pa t41759 l4926">the </span><span class="pp-class-166 pa t41759 l14198">underlying </span><span class="pp-class-166 pa t41759 l42634">hedged </span><span class="pp-class-166 pa t41759 l42635 ls1122">item </span><span class="pp-class-166 pa t41759 l19562">is </span><span class="pp-class-166 pa t41759 l42636 ls107">realised, </span><span class="pp-class-166 pa t41759 l7614">any </span><span class="pp-class-166 pa t41759 l25743">gain </span><span class="pp-class-166 pa t41759 l42637">or </span><span class="pp-class-166 pa t41759 l39191 ls48">loss </span><span class="pp-class-166 pa t41759 l31429">on </span><span class="pp-class-166 pa t41759 l42638">the </span><span class="pp-class-166 pa t41759 l30617">hedging </span><span class="pp-class-166 pa t41767 l3 ls750">transaction </span><span class="pp-class-166 pa t41767 l3649">is </span><span class="pp-class-166 pa t41767 l3650 ls228">transferred </span><span class="pp-class-166 pa t41767 l1529 ls267">from </span><span class="pp-class-166 pa t41767 l42639 ls1701">equity </span><span class="pp-class-166 pa t41767 l7113">and </span><span class="pp-class-166 pa t41767 l7168 ls564">recognised </span><span class="pp-class-166 pa t41767 l11004 ls59">together </span><span class="pp-class-166 pa t41767 l42640">with </span><span class="pp-class-166 pa t41767 l42641">the </span><span class="pp-class-166 pa t41777 l3">hedged </span><span class="pp-class-166 pa t41777 l42642 ls189">item. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42643 l3 ls3342">Fair </span><span class="pp-class-166 pa t42643 l34964 ls101">value </span><span class="pp-class-166 pa t42643 l34965">changes </span><span class="pp-class-166 pa t42643 l22789">that </span><span class="pp-class-166 pa t42643 l9510">do </span><span class="pp-class-166 pa t42643 l42644 ls1528">not </span><span class="pp-class-166 pa t42643 l42645 ls923">meet </span><span class="pp-class-166 pa t42643 l20987">the </span><span class="pp-class-166 pa t42643 l9889 ls234">criteria </span><span class="pp-class-166 pa t42643 l36812 ls228">for </span><span class="pp-class-166 pa t42643 l27152 ls107">treatment </span><span class="pp-class-166 pa t42643 l42646">as </span><span class="pp-class-166 pa t42643 l42647">hedging </span><span class="pp-class-166 pa t41794 l3 ls239">instruments </span><span class="pp-class-166 pa t41794 l42648 ls228">are </span><span class="pp-class-166 pa t41794 l25124 ls564">recognised </span><span class="pp-class-166 pa t41794 l32602">on </span><span class="pp-class-166 pa t41794 l11486">an </span><span class="pp-class-166 pa t41794 l39546">ongoing </span><span class="pp-class-166 pa t41794 l42649">basis </span><span class="pp-class-166 pa t41794 l42650">in </span><span class="pp-class-166 pa t41794 l1908">the </span><span class="pp-class-166 pa t41794 l14781 ls1122">statement </span><span class="pp-class-166 pa t41794 l42651">of </span><span class="pp-class-166 pa t41794 l6728 ls564">profit </span><span class="pp-class-166 pa t41799 l3">or </span><span class="pp-class-166 pa t41799 l21054 ls48">loss </span><span class="pp-class-166 pa t41799 l36677">under </span><span class="pp-class-166 pa t41799 l28490">financial </span><span class="pp-class-166 pa t41799 l22275 ls189">items.</span></p></div></div> <div class="pp-class-4" id="pp-id-4467" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42525 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3 ls158">Derivative </span><span class="pp-class-166 pa t41653 l42526">financial </span><span class="pp-class-166 pa t41653 l14107 ls239">instruments </span><span class="pp-class-166 pa t41653 l42527 ls228">are </span><span class="pp-class-166 pa t41653 l42528 ls564">recognised </span><span class="pp-class-166 pa t41653 l42529">on </span><span class="pp-class-166 pa t41653 l20894">the </span><span class="pp-class-166 pa t41653 l42530 ls1129">trade </span><span class="pp-class-166 pa t41653 l11065 ls1122">date </span><span class="pp-class-166 pa t41653 l42531">and </span><span class="pp-class-166 pa t41653 l40704 ls228">are </span><span class="pp-class-166 pa t41661 l3 ls1528">measured </span><span class="pp-class-166 pa t41661 l22264">at </span><span class="pp-class-166 pa t41661 l5870 ls2307">fair </span><span class="pp-class-166 pa t41661 l12778 ls239">value. </span><span class="pp-class-166 pa t41661 l8784 ls1528">Positive </span><span class="pp-class-166 pa t41661 l42532">and </span><span class="pp-class-166 pa t41661 l5910 ls394">negative </span><span class="pp-class-166 pa t41661 l40718 ls2307">fair </span><span class="pp-class-166 pa t41661 l36924 ls239">values </span><span class="pp-class-166 pa t41661 l42533 ls228">are </span><span class="pp-class-166 pa t41661 l23716">included </span><span class="pp-class-166 pa t41661 l12476">in </span><span class="pp-class-166 pa t41661 l42534 ls75">other </span><span class="pp-class-166 pa t41669 l3 ls702">current </span><span class="pp-class-166 pa t41669 l30365 ls2168">receivables </span><span class="pp-class-166 pa t41669 l42535">or </span><span class="pp-class-166 pa t41669 l21777 ls75">other </span><span class="pp-class-166 pa t41669 l37562 ls702">current </span><span class="pp-class-166 pa t41669 l37333 ls394">payables </span><span class="pp-class-166 pa t41669 l42536">in </span><span class="pp-class-166 pa t41669 l5479">the </span><span class="pp-class-166 pa t41669 l20069 ls1122">statement </span><span class="pp-class-166 pa t41669 l42537">of </span><span class="pp-class-166 pa t41669 l42538">financial </span><span class="pp-class-166 pa t41677 l3">position. </span><span class="pp-class-166 pa t41677 l25786 ls1528">Positive </span><span class="pp-class-166 pa t41677 l15544">and </span><span class="pp-class-166 pa t41677 l12562 ls394">negative </span><span class="pp-class-166 pa t41677 l39618 ls2307">fair </span><span class="pp-class-166 pa t41677 l9749 ls239">values </span><span class="pp-class-166 pa t41677 l27640 ls228">are </span><span class="pp-class-166 pa t41677 l3019">only </span><span class="pp-class-166 pa t41677 l38553 ls377">offset </span><span class="pp-class-166 pa t41677 l42539">if </span><span class="pp-class-166 pa t41677 l42540">the </span><span class="pp-class-166 pa t41677 l42541 ls497">Group </span><span class="pp-class-166 pa t41677 l42542">has </span><span class="pp-class-166 pa t41677 l42543">a </span><span class="pp-class-166 pa t42544 l3">right </span><span class="pp-class-166 pa t42544 l25758">and </span><span class="pp-class-166 pa t42544 l25746">an </span><span class="pp-class-166 pa t42544 l42545 ls1428">intention </span><span class="pp-class-166 pa t42544 l42546 ls135">to </span><span class="pp-class-166 pa t42544 l42547 ls93">settle </span><span class="pp-class-166 pa t42544 l41762 ls946">several </span><span class="pp-class-166 pa t42544 l42548">financial </span><span class="pp-class-166 pa t42544 l42549 ls239">instruments </span><span class="pp-class-166 pa t42544 l42550 ls234">net </span><span class="pp-class-166 pa t42544 l39861">(by </span><span class="pp-class-166 pa t42544 l42551 ls101">means </span><span class="pp-class-166 pa t41680 l3">of </span><span class="pp-class-166 pa t41680 l2457 ls1026">settlement </span><span class="pp-class-166 pa t41680 l37906">of </span><span class="pp-class-166 pa t41680 l5238 ls2307">differences). </span><span class="pp-class-166 pa t41680 l26936 ls3342">Fair </span><span class="pp-class-166 pa t41680 l9482 ls101">value </span><span class="pp-class-166 pa t41680 l42552">is </span><span class="pp-class-166 pa t41680 l42553 ls2022">determined </span><span class="pp-class-166 pa t41680 l42554">based </span><span class="pp-class-166 pa t41680 l42555">on </span><span class="pp-class-166 pa t41680 l15044 ls1217">generally </span><span class="pp-class-166 pa t41687 l3 ls135">accepted </span><span class="pp-class-166 pa t41687 l28658 ls394">valuation </span><span class="pp-class-166 pa t41687 l6234 ls461">methods </span><span class="pp-class-166 pa t41687 l42556">using </span><span class="pp-class-166 pa t41687 l42557 ls394">available </span><span class="pp-class-166 pa t41687 l9791 ls2390">observable </span><span class="pp-class-166 pa t41687 l14667 ls495">market </span><span class="pp-class-166 pa t41687 l42558 ls853">data.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3">When </span><span class="pp-class-166 pa t42559 l4926 ls234">entering </span><span class="pp-class-166 pa t42559 l42560 ls1122">into </span><span class="pp-class-166 pa t42559 l26539 ls1849">contracts </span><span class="pp-class-166 pa t42559 l42561 ls228">for </span><span class="pp-class-166 pa t42559 l42562">financial </span><span class="pp-class-166 pa t42559 l42563 ls455">instruments, </span><span class="pp-class-166 pa t42559 l42564">an </span><span class="pp-class-166 pa t42559 l42565 ls158">assessment </span><span class="pp-class-166 pa t42559 l11267">is </span><span class="pp-class-166 pa t42559 l42566">made </span><span class="pp-class-166 pa t41696 l3">of </span><span class="pp-class-166 pa t41696 l2457 ls461">whether </span><span class="pp-class-166 pa t41696 l33806">the </span><span class="pp-class-166 pa t41696 l42567 ls239">instrument </span><span class="pp-class-166 pa t41696 l42568">qualifies </span><span class="pp-class-166 pa t41696 l42569 ls228">for </span><span class="pp-class-166 pa t41696 l29296">hedge </span><span class="pp-class-166 pa t41696 l42570 ls149">accounting, </span><span class="pp-class-166 pa t41696 l28347">including </span><span class="pp-class-166 pa t41696 l42571 ls461">whether </span><span class="pp-class-166 pa t41704 l3">the </span><span class="pp-class-166 pa t41704 l1913 ls239">instrument </span><span class="pp-class-166 pa t41704 l42572">hedges </span><span class="pp-class-166 pa t41704 l12043 ls564">recognised </span><span class="pp-class-166 pa t41704 l42573 ls4053">assets </span><span class="pp-class-166 pa t41704 l42574">and </span><span class="pp-class-166 pa t41704 l42575">liabilities </span><span class="pp-class-166 pa t41704 l42576">or </span><span class="pp-class-166 pa t41704 l24085 ls234">net </span><span class="pp-class-166 pa t41704 l42577 ls226">investments </span><span class="pp-class-166 pa t41711 l3">in </span><span class="pp-class-166 pa t41711 l1746 ls228">foreign </span><span class="pp-class-166 pa t41711 l32063">entities. </span><span class="pp-class-166 pa t41711 l28309">The </span><span class="pp-class-166 pa t41711 l38121 ls455">effectiveness </span><span class="pp-class-166 pa t41711 l34587">of </span><span class="pp-class-166 pa t41711 l12742 ls564">recognised </span><span class="pp-class-166 pa t41711 l30568">financial </span><span class="pp-class-166 pa t41711 l42578 ls239">instruments </span><span class="pp-class-166 pa t41711 l42579">is </span><span class="pp-class-166 pa t41717 l3 ls226">assessed </span><span class="pp-class-166 pa t41717 l4046">on </span><span class="pp-class-166 pa t41717 l9088">a </span><span class="pp-class-166 pa t41717 l23484">monthly </span><span class="pp-class-166 pa t41717 l42580">basis, </span><span class="pp-class-166 pa t41717 l2205">and </span><span class="pp-class-166 pa t41717 l42581">any </span><span class="pp-class-166 pa t41717 l42582 ls7127">ineffectiveness </span><span class="pp-class-166 pa t41717 l42583">is </span><span class="pp-class-166 pa t41717 l42584 ls564">recognised </span><span class="pp-class-166 pa t41717 l42585">in </span><span class="pp-class-166 pa t41717 l42586">the </span><span class="pp-class-166 pa t42587 l3 ls1122">statement </span><span class="pp-class-166 pa t42587 l21945">of </span><span class="pp-class-166 pa t42587 l793 ls564">profit </span><span class="pp-class-166 pa t42587 l42588">or </span><span class="pp-class-166 pa t42587 l42589 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41727 l3 ls3342">Fair </span><span class="pp-class-166 pa t41727 l34964 ls101">value </span><span class="pp-class-166 pa t41727 l34965">changes </span><span class="pp-class-166 pa t41727 l22789 ls205">classified </span><span class="pp-class-166 pa t41727 l42590">as </span><span class="pp-class-166 pa t41727 l32212">and </span><span class="pp-class-166 pa t41727 l42591">fulfilling </span><span class="pp-class-166 pa t41727 l42592">the </span><span class="pp-class-166 pa t41727 l11958 ls234">criteria </span><span class="pp-class-166 pa t41727 l42593 ls228">for </span><span class="pp-class-166 pa t41727 l42594 ls5508">recognition </span><span class="pp-class-166 pa t41727 l42595">as </span><span class="pp-class-166 pa t41727 l42596">a </span><span class="pp-class-166 pa t41734 l3 ls2307">fair </span><span class="pp-class-166 pa t41734 l36332 ls101">value </span><span class="pp-class-166 pa t41734 l9438">hedge </span><span class="pp-class-166 pa t41734 l42597 ls228">are </span><span class="pp-class-166 pa t41734 l22402 ls564">recognised </span><span class="pp-class-166 pa t41734 l20073">in </span><span class="pp-class-166 pa t41734 l31346">the </span><span class="pp-class-166 pa t41734 l42598 ls1122">statement </span><span class="pp-class-166 pa t41734 l42599">of </span><span class="pp-class-166 pa t41734 l32560 ls564">profit </span><span class="pp-class-166 pa t41734 l42600">or </span><span class="pp-class-166 pa t41734 l10785 ls48">loss </span><span class="pp-class-166 pa t41734 l42601 ls59">together </span><span class="pp-class-166 pa t41743 l3">with </span><span class="pp-class-166 pa t41743 l3388">changes </span><span class="pp-class-166 pa t41743 l23384">in </span><span class="pp-class-166 pa t41743 l4972">the </span><span class="pp-class-166 pa t41743 l42602 ls101">value </span><span class="pp-class-166 pa t41743 l42603">of </span><span class="pp-class-166 pa t41743 l22078">the </span><span class="pp-class-166 pa t41743 l41144">specific </span><span class="pp-class-166 pa t41743 l42604 ls2103">portion </span><span class="pp-class-166 pa t41743 l42605">of </span><span class="pp-class-166 pa t41743 l42606">the </span><span class="pp-class-166 pa t41743 l42607 ls1428">asset </span><span class="pp-class-166 pa t41743 l42608">or </span><span class="pp-class-166 pa t41743 l19035 ls1732">liability </span><span class="pp-class-166 pa t42609 l3">that </span><span class="pp-class-166 pa t42609 l3494">has </span><span class="pp-class-166 pa t42609 l27519">been </span><span class="pp-class-166 pa t42609 l34533">hedged.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3 ls3342">Fair </span><span class="pp-class-166 pa t41746 l34964 ls101">value </span><span class="pp-class-166 pa t41746 l34965">changes </span><span class="pp-class-166 pa t41746 l22789">in </span><span class="pp-class-166 pa t41746 l6026">the </span><span class="pp-class-166 pa t41746 l18880 ls2390">part </span><span class="pp-class-166 pa t41746 l28295">of </span><span class="pp-class-166 pa t41746 l42610">the </span><span class="pp-class-166 pa t41746 l42611 ls158">derivative </span><span class="pp-class-166 pa t41746 l42612">which </span><span class="pp-class-166 pa t41746 l42613">is </span><span class="pp-class-166 pa t41746 l42614 ls205">classified </span><span class="pp-class-166 pa t41746 l42615">as </span><span class="pp-class-166 pa t41746 l42616">and </span><span class="pp-class-166 pa t41750 l3">qualifies </span><span class="pp-class-166 pa t41750 l40772 ls228">for </span><span class="pp-class-166 pa t41750 l39232 ls5508">recognition </span><span class="pp-class-166 pa t41750 l26183">as </span><span class="pp-class-166 pa t41750 l42617">a </span><span class="pp-class-166 pa t41750 l31752 ls564">future </span><span class="pp-class-166 pa t41750 l37002 ls923">cash </span><span class="pp-class-166 pa t41750 l26242">flow </span><span class="pp-class-166 pa t41750 l42618">hedge </span><span class="pp-class-166 pa t41750 l42619">and </span><span class="pp-class-166 pa t41750 l30664">which </span><span class="pp-class-166 pa t41750 l42620 ls1900">effectively </span><span class="pp-class-166 pa t41757 l3">hedges </span><span class="pp-class-166 pa t41757 l28057 ls48">against </span><span class="pp-class-166 pa t41757 l15207">changes </span><span class="pp-class-166 pa t41757 l42621">in </span><span class="pp-class-166 pa t41757 l26481">the </span><span class="pp-class-166 pa t41757 l42622 ls101">value </span><span class="pp-class-166 pa t41757 l42623">of </span><span class="pp-class-166 pa t41757 l42624">the </span><span class="pp-class-166 pa t41757 l42625">hedged </span><span class="pp-class-166 pa t41757 l42626 ls1122">item </span><span class="pp-class-166 pa t41757 l36097 ls228">are </span><span class="pp-class-166 pa t41757 l42627 ls564">recognised </span><span class="pp-class-166 pa t41757 l42628">in </span><span class="pp-class-166 pa t42629 l3 ls75">other </span><span class="pp-class-166 pa t42629 l1276 ls495">comprehensive </span><span class="pp-class-166 pa t42629 l29336 ls740">income </span><span class="pp-class-166 pa t42629 l21471">as </span><span class="pp-class-166 pa t42629 l42630">a </span><span class="pp-class-166 pa t42629 l42631 ls3962">separate </span><span class="pp-class-166 pa t42629 l42632">hedging </span><span class="pp-class-166 pa t42629 l42633 ls205">reserve.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41759 l3">When </span><span class="pp-class-166 pa t41759 l4926">the </span><span class="pp-class-166 pa t41759 l14198">underlying </span><span class="pp-class-166 pa t41759 l42634">hedged </span><span class="pp-class-166 pa t41759 l42635 ls1122">item </span><span class="pp-class-166 pa t41759 l19562">is </span><span class="pp-class-166 pa t41759 l42636 ls107">realised, </span><span class="pp-class-166 pa t41759 l7614">any </span><span class="pp-class-166 pa t41759 l25743">gain </span><span class="pp-class-166 pa t41759 l42637">or </span><span class="pp-class-166 pa t41759 l39191 ls48">loss </span><span class="pp-class-166 pa t41759 l31429">on </span><span class="pp-class-166 pa t41759 l42638">the </span><span class="pp-class-166 pa t41759 l30617">hedging </span><span class="pp-class-166 pa t41767 l3 ls750">transaction </span><span class="pp-class-166 pa t41767 l3649">is </span><span class="pp-class-166 pa t41767 l3650 ls228">transferred </span><span class="pp-class-166 pa t41767 l1529 ls267">from </span><span class="pp-class-166 pa t41767 l42639 ls1701">equity </span><span class="pp-class-166 pa t41767 l7113">and </span><span class="pp-class-166 pa t41767 l7168 ls564">recognised </span><span class="pp-class-166 pa t41767 l11004 ls59">together </span><span class="pp-class-166 pa t41767 l42640">with </span><span class="pp-class-166 pa t41767 l42641">the </span><span class="pp-class-166 pa t41777 l3">hedged </span><span class="pp-class-166 pa t41777 l42642 ls189">item. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42643 l3 ls3342">Fair </span><span class="pp-class-166 pa t42643 l34964 ls101">value </span><span class="pp-class-166 pa t42643 l34965">changes </span><span class="pp-class-166 pa t42643 l22789">that </span><span class="pp-class-166 pa t42643 l9510">do </span><span class="pp-class-166 pa t42643 l42644 ls1528">not </span><span class="pp-class-166 pa t42643 l42645 ls923">meet </span><span class="pp-class-166 pa t42643 l20987">the </span><span class="pp-class-166 pa t42643 l9889 ls234">criteria </span><span class="pp-class-166 pa t42643 l36812 ls228">for </span><span class="pp-class-166 pa t42643 l27152 ls107">treatment </span><span class="pp-class-166 pa t42643 l42646">as </span><span class="pp-class-166 pa t42643 l42647">hedging </span><span class="pp-class-166 pa t41794 l3 ls239">instruments </span><span class="pp-class-166 pa t41794 l42648 ls228">are </span><span class="pp-class-166 pa t41794 l25124 ls564">recognised </span><span class="pp-class-166 pa t41794 l32602">on </span><span class="pp-class-166 pa t41794 l11486">an </span><span class="pp-class-166 pa t41794 l39546">ongoing </span><span class="pp-class-166 pa t41794 l42649">basis </span><span class="pp-class-166 pa t41794 l42650">in </span><span class="pp-class-166 pa t41794 l1908">the </span><span class="pp-class-166 pa t41794 l14781 ls1122">statement </span><span class="pp-class-166 pa t41794 l42651">of </span><span class="pp-class-166 pa t41794 l6728 ls564">profit </span><span class="pp-class-166 pa t41799 l3">or </span><span class="pp-class-166 pa t41799 l21054 ls48">loss </span><span class="pp-class-166 pa t41799 l36677">under </span><span class="pp-class-166 pa t41799 l28490">financial </span><span class="pp-class-166 pa t41799 l22275 ls189">items.</span></p></div></div> <div class="pp-class-4" id="pp-id-4467" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42525 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3 ls158">Derivative </span><span class="pp-class-166 pa t41653 l42526">financial </span><span class="pp-class-166 pa t41653 l14107 ls239">instruments </span><span class="pp-class-166 pa t41653 l42527 ls228">are </span><span class="pp-class-166 pa t41653 l42528 ls564">recognised </span><span class="pp-class-166 pa t41653 l42529">on </span><span class="pp-class-166 pa t41653 l20894">the </span><span class="pp-class-166 pa t41653 l42530 ls1129">trade </span><span class="pp-class-166 pa t41653 l11065 ls1122">date </span><span class="pp-class-166 pa t41653 l42531">and </span><span class="pp-class-166 pa t41653 l40704 ls228">are </span><span class="pp-class-166 pa t41661 l3 ls1528">measured </span><span class="pp-class-166 pa t41661 l22264">at </span><span class="pp-class-166 pa t41661 l5870 ls2307">fair </span><span class="pp-class-166 pa t41661 l12778 ls239">value. </span><span class="pp-class-166 pa t41661 l8784 ls1528">Positive </span><span class="pp-class-166 pa t41661 l42532">and </span><span class="pp-class-166 pa t41661 l5910 ls394">negative </span><span class="pp-class-166 pa t41661 l40718 ls2307">fair </span><span class="pp-class-166 pa t41661 l36924 ls239">values </span><span class="pp-class-166 pa t41661 l42533 ls228">are </span><span class="pp-class-166 pa t41661 l23716">included </span><span class="pp-class-166 pa t41661 l12476">in </span><span class="pp-class-166 pa t41661 l42534 ls75">other </span><span class="pp-class-166 pa t41669 l3 ls702">current </span><span class="pp-class-166 pa t41669 l30365 ls2168">receivables </span><span class="pp-class-166 pa t41669 l42535">or </span><span class="pp-class-166 pa t41669 l21777 ls75">other </span><span class="pp-class-166 pa t41669 l37562 ls702">current </span><span class="pp-class-166 pa t41669 l37333 ls394">payables </span><span class="pp-class-166 pa t41669 l42536">in </span><span class="pp-class-166 pa t41669 l5479">the </span><span class="pp-class-166 pa t41669 l20069 ls1122">statement </span><span class="pp-class-166 pa t41669 l42537">of </span><span class="pp-class-166 pa t41669 l42538">financial </span><span class="pp-class-166 pa t41677 l3">position. </span><span class="pp-class-166 pa t41677 l25786 ls1528">Positive </span><span class="pp-class-166 pa t41677 l15544">and </span><span class="pp-class-166 pa t41677 l12562 ls394">negative </span><span class="pp-class-166 pa t41677 l39618 ls2307">fair </span><span class="pp-class-166 pa t41677 l9749 ls239">values </span><span class="pp-class-166 pa t41677 l27640 ls228">are </span><span class="pp-class-166 pa t41677 l3019">only </span><span class="pp-class-166 pa t41677 l38553 ls377">offset </span><span class="pp-class-166 pa t41677 l42539">if </span><span class="pp-class-166 pa t41677 l42540">the </span><span class="pp-class-166 pa t41677 l42541 ls497">Group </span><span class="pp-class-166 pa t41677 l42542">has </span><span class="pp-class-166 pa t41677 l42543">a </span><span class="pp-class-166 pa t42544 l3">right </span><span class="pp-class-166 pa t42544 l25758">and </span><span class="pp-class-166 pa t42544 l25746">an </span><span class="pp-class-166 pa t42544 l42545 ls1428">intention </span><span class="pp-class-166 pa t42544 l42546 ls135">to </span><span class="pp-class-166 pa t42544 l42547 ls93">settle </span><span class="pp-class-166 pa t42544 l41762 ls946">several </span><span class="pp-class-166 pa t42544 l42548">financial </span><span class="pp-class-166 pa t42544 l42549 ls239">instruments </span><span class="pp-class-166 pa t42544 l42550 ls234">net </span><span class="pp-class-166 pa t42544 l39861">(by </span><span class="pp-class-166 pa t42544 l42551 ls101">means </span><span class="pp-class-166 pa t41680 l3">of </span><span class="pp-class-166 pa t41680 l2457 ls1026">settlement </span><span class="pp-class-166 pa t41680 l37906">of </span><span class="pp-class-166 pa t41680 l5238 ls2307">differences). </span><span class="pp-class-166 pa t41680 l26936 ls3342">Fair </span><span class="pp-class-166 pa t41680 l9482 ls101">value </span><span class="pp-class-166 pa t41680 l42552">is </span><span class="pp-class-166 pa t41680 l42553 ls2022">determined </span><span class="pp-class-166 pa t41680 l42554">based </span><span class="pp-class-166 pa t41680 l42555">on </span><span class="pp-class-166 pa t41680 l15044 ls1217">generally </span><span class="pp-class-166 pa t41687 l3 ls135">accepted </span><span class="pp-class-166 pa t41687 l28658 ls394">valuation </span><span class="pp-class-166 pa t41687 l6234 ls461">methods </span><span class="pp-class-166 pa t41687 l42556">using </span><span class="pp-class-166 pa t41687 l42557 ls394">available </span><span class="pp-class-166 pa t41687 l9791 ls2390">observable </span><span class="pp-class-166 pa t41687 l14667 ls495">market </span><span class="pp-class-166 pa t41687 l42558 ls853">data.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3">When </span><span class="pp-class-166 pa t42559 l4926 ls234">entering </span><span class="pp-class-166 pa t42559 l42560 ls1122">into </span><span class="pp-class-166 pa t42559 l26539 ls1849">contracts </span><span class="pp-class-166 pa t42559 l42561 ls228">for </span><span class="pp-class-166 pa t42559 l42562">financial </span><span class="pp-class-166 pa t42559 l42563 ls455">instruments, </span><span class="pp-class-166 pa t42559 l42564">an </span><span class="pp-class-166 pa t42559 l42565 ls158">assessment </span><span class="pp-class-166 pa t42559 l11267">is </span><span class="pp-class-166 pa t42559 l42566">made </span><span class="pp-class-166 pa t41696 l3">of </span><span class="pp-class-166 pa t41696 l2457 ls461">whether </span><span class="pp-class-166 pa t41696 l33806">the </span><span class="pp-class-166 pa t41696 l42567 ls239">instrument </span><span class="pp-class-166 pa t41696 l42568">qualifies </span><span class="pp-class-166 pa t41696 l42569 ls228">for </span><span class="pp-class-166 pa t41696 l29296">hedge </span><span class="pp-class-166 pa t41696 l42570 ls149">accounting, </span><span class="pp-class-166 pa t41696 l28347">including </span><span class="pp-class-166 pa t41696 l42571 ls461">whether </span><span class="pp-class-166 pa t41704 l3">the </span><span class="pp-class-166 pa t41704 l1913 ls239">instrument </span><span class="pp-class-166 pa t41704 l42572">hedges </span><span class="pp-class-166 pa t41704 l12043 ls564">recognised </span><span class="pp-class-166 pa t41704 l42573 ls4053">assets </span><span class="pp-class-166 pa t41704 l42574">and </span><span class="pp-class-166 pa t41704 l42575">liabilities </span><span class="pp-class-166 pa t41704 l42576">or </span><span class="pp-class-166 pa t41704 l24085 ls234">net </span><span class="pp-class-166 pa t41704 l42577 ls226">investments </span><span class="pp-class-166 pa t41711 l3">in </span><span class="pp-class-166 pa t41711 l1746 ls228">foreign </span><span class="pp-class-166 pa t41711 l32063">entities. </span><span class="pp-class-166 pa t41711 l28309">The </span><span class="pp-class-166 pa t41711 l38121 ls455">effectiveness </span><span class="pp-class-166 pa t41711 l34587">of </span><span class="pp-class-166 pa t41711 l12742 ls564">recognised </span><span class="pp-class-166 pa t41711 l30568">financial </span><span class="pp-class-166 pa t41711 l42578 ls239">instruments </span><span class="pp-class-166 pa t41711 l42579">is </span><span class="pp-class-166 pa t41717 l3 ls226">assessed </span><span class="pp-class-166 pa t41717 l4046">on </span><span class="pp-class-166 pa t41717 l9088">a </span><span class="pp-class-166 pa t41717 l23484">monthly </span><span class="pp-class-166 pa t41717 l42580">basis, </span><span class="pp-class-166 pa t41717 l2205">and </span><span class="pp-class-166 pa t41717 l42581">any </span><span class="pp-class-166 pa t41717 l42582 ls7127">ineffectiveness </span><span class="pp-class-166 pa t41717 l42583">is </span><span class="pp-class-166 pa t41717 l42584 ls564">recognised </span><span class="pp-class-166 pa t41717 l42585">in </span><span class="pp-class-166 pa t41717 l42586">the </span><span class="pp-class-166 pa t42587 l3 ls1122">statement </span><span class="pp-class-166 pa t42587 l21945">of </span><span class="pp-class-166 pa t42587 l793 ls564">profit </span><span class="pp-class-166 pa t42587 l42588">or </span><span class="pp-class-166 pa t42587 l42589 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41727 l3 ls3342">Fair </span><span class="pp-class-166 pa t41727 l34964 ls101">value </span><span class="pp-class-166 pa t41727 l34965">changes </span><span class="pp-class-166 pa t41727 l22789 ls205">classified </span><span class="pp-class-166 pa t41727 l42590">as </span><span class="pp-class-166 pa t41727 l32212">and </span><span class="pp-class-166 pa t41727 l42591">fulfilling </span><span class="pp-class-166 pa t41727 l42592">the </span><span class="pp-class-166 pa t41727 l11958 ls234">criteria </span><span class="pp-class-166 pa t41727 l42593 ls228">for </span><span class="pp-class-166 pa t41727 l42594 ls5508">recognition </span><span class="pp-class-166 pa t41727 l42595">as </span><span class="pp-class-166 pa t41727 l42596">a </span><span class="pp-class-166 pa t41734 l3 ls2307">fair </span><span class="pp-class-166 pa t41734 l36332 ls101">value </span><span class="pp-class-166 pa t41734 l9438">hedge </span><span class="pp-class-166 pa t41734 l42597 ls228">are </span><span class="pp-class-166 pa t41734 l22402 ls564">recognised </span><span class="pp-class-166 pa t41734 l20073">in </span><span class="pp-class-166 pa t41734 l31346">the </span><span class="pp-class-166 pa t41734 l42598 ls1122">statement </span><span class="pp-class-166 pa t41734 l42599">of </span><span class="pp-class-166 pa t41734 l32560 ls564">profit </span><span class="pp-class-166 pa t41734 l42600">or </span><span class="pp-class-166 pa t41734 l10785 ls48">loss </span><span class="pp-class-166 pa t41734 l42601 ls59">together </span><span class="pp-class-166 pa t41743 l3">with </span><span class="pp-class-166 pa t41743 l3388">changes </span><span class="pp-class-166 pa t41743 l23384">in </span><span class="pp-class-166 pa t41743 l4972">the </span><span class="pp-class-166 pa t41743 l42602 ls101">value </span><span class="pp-class-166 pa t41743 l42603">of </span><span class="pp-class-166 pa t41743 l22078">the </span><span class="pp-class-166 pa t41743 l41144">specific </span><span class="pp-class-166 pa t41743 l42604 ls2103">portion </span><span class="pp-class-166 pa t41743 l42605">of </span><span class="pp-class-166 pa t41743 l42606">the </span><span class="pp-class-166 pa t41743 l42607 ls1428">asset </span><span class="pp-class-166 pa t41743 l42608">or </span><span class="pp-class-166 pa t41743 l19035 ls1732">liability </span><span class="pp-class-166 pa t42609 l3">that </span><span class="pp-class-166 pa t42609 l3494">has </span><span class="pp-class-166 pa t42609 l27519">been </span><span class="pp-class-166 pa t42609 l34533">hedged.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3 ls3342">Fair </span><span class="pp-class-166 pa t41746 l34964 ls101">value </span><span class="pp-class-166 pa t41746 l34965">changes </span><span class="pp-class-166 pa t41746 l22789">in </span><span class="pp-class-166 pa t41746 l6026">the </span><span class="pp-class-166 pa t41746 l18880 ls2390">part </span><span class="pp-class-166 pa t41746 l28295">of </span><span class="pp-class-166 pa t41746 l42610">the </span><span class="pp-class-166 pa t41746 l42611 ls158">derivative </span><span class="pp-class-166 pa t41746 l42612">which </span><span class="pp-class-166 pa t41746 l42613">is </span><span class="pp-class-166 pa t41746 l42614 ls205">classified </span><span class="pp-class-166 pa t41746 l42615">as </span><span class="pp-class-166 pa t41746 l42616">and </span><span class="pp-class-166 pa t41750 l3">qualifies </span><span class="pp-class-166 pa t41750 l40772 ls228">for </span><span class="pp-class-166 pa t41750 l39232 ls5508">recognition </span><span class="pp-class-166 pa t41750 l26183">as </span><span class="pp-class-166 pa t41750 l42617">a </span><span class="pp-class-166 pa t41750 l31752 ls564">future </span><span class="pp-class-166 pa t41750 l37002 ls923">cash </span><span class="pp-class-166 pa t41750 l26242">flow </span><span class="pp-class-166 pa t41750 l42618">hedge </span><span class="pp-class-166 pa t41750 l42619">and </span><span class="pp-class-166 pa t41750 l30664">which </span><span class="pp-class-166 pa t41750 l42620 ls1900">effectively </span><span class="pp-class-166 pa t41757 l3">hedges </span><span class="pp-class-166 pa t41757 l28057 ls48">against </span><span class="pp-class-166 pa t41757 l15207">changes </span><span class="pp-class-166 pa t41757 l42621">in </span><span class="pp-class-166 pa t41757 l26481">the </span><span class="pp-class-166 pa t41757 l42622 ls101">value </span><span class="pp-class-166 pa t41757 l42623">of </span><span class="pp-class-166 pa t41757 l42624">the </span><span class="pp-class-166 pa t41757 l42625">hedged </span><span class="pp-class-166 pa t41757 l42626 ls1122">item </span><span class="pp-class-166 pa t41757 l36097 ls228">are </span><span class="pp-class-166 pa t41757 l42627 ls564">recognised </span><span class="pp-class-166 pa t41757 l42628">in </span><span class="pp-class-166 pa t42629 l3 ls75">other </span><span class="pp-class-166 pa t42629 l1276 ls495">comprehensive </span><span class="pp-class-166 pa t42629 l29336 ls740">income </span><span class="pp-class-166 pa t42629 l21471">as </span><span class="pp-class-166 pa t42629 l42630">a </span><span class="pp-class-166 pa t42629 l42631 ls3962">separate </span><span class="pp-class-166 pa t42629 l42632">hedging </span><span class="pp-class-166 pa t42629 l42633 ls205">reserve.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41759 l3">When </span><span class="pp-class-166 pa t41759 l4926">the </span><span class="pp-class-166 pa t41759 l14198">underlying </span><span class="pp-class-166 pa t41759 l42634">hedged </span><span class="pp-class-166 pa t41759 l42635 ls1122">item </span><span class="pp-class-166 pa t41759 l19562">is </span><span class="pp-class-166 pa t41759 l42636 ls107">realised, </span><span class="pp-class-166 pa t41759 l7614">any </span><span class="pp-class-166 pa t41759 l25743">gain </span><span class="pp-class-166 pa t41759 l42637">or </span><span class="pp-class-166 pa t41759 l39191 ls48">loss </span><span class="pp-class-166 pa t41759 l31429">on </span><span class="pp-class-166 pa t41759 l42638">the </span><span class="pp-class-166 pa t41759 l30617">hedging </span><span class="pp-class-166 pa t41767 l3 ls750">transaction </span><span class="pp-class-166 pa t41767 l3649">is </span><span class="pp-class-166 pa t41767 l3650 ls228">transferred </span><span class="pp-class-166 pa t41767 l1529 ls267">from </span><span class="pp-class-166 pa t41767 l42639 ls1701">equity </span><span class="pp-class-166 pa t41767 l7113">and </span><span class="pp-class-166 pa t41767 l7168 ls564">recognised </span><span class="pp-class-166 pa t41767 l11004 ls59">together </span><span class="pp-class-166 pa t41767 l42640">with </span><span class="pp-class-166 pa t41767 l42641">the </span><span class="pp-class-166 pa t41777 l3">hedged </span><span class="pp-class-166 pa t41777 l42642 ls189">item. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42643 l3 ls3342">Fair </span><span class="pp-class-166 pa t42643 l34964 ls101">value </span><span class="pp-class-166 pa t42643 l34965">changes </span><span class="pp-class-166 pa t42643 l22789">that </span><span class="pp-class-166 pa t42643 l9510">do </span><span class="pp-class-166 pa t42643 l42644 ls1528">not </span><span class="pp-class-166 pa t42643 l42645 ls923">meet </span><span class="pp-class-166 pa t42643 l20987">the </span><span class="pp-class-166 pa t42643 l9889 ls234">criteria </span><span class="pp-class-166 pa t42643 l36812 ls228">for </span><span class="pp-class-166 pa t42643 l27152 ls107">treatment </span><span class="pp-class-166 pa t42643 l42646">as </span><span class="pp-class-166 pa t42643 l42647">hedging </span><span class="pp-class-166 pa t41794 l3 ls239">instruments </span><span class="pp-class-166 pa t41794 l42648 ls228">are </span><span class="pp-class-166 pa t41794 l25124 ls564">recognised </span><span class="pp-class-166 pa t41794 l32602">on </span><span class="pp-class-166 pa t41794 l11486">an </span><span class="pp-class-166 pa t41794 l39546">ongoing </span><span class="pp-class-166 pa t41794 l42649">basis </span><span class="pp-class-166 pa t41794 l42650">in </span><span class="pp-class-166 pa t41794 l1908">the </span><span class="pp-class-166 pa t41794 l14781 ls1122">statement </span><span class="pp-class-166 pa t41794 l42651">of </span><span class="pp-class-166 pa t41794 l6728 ls564">profit </span><span class="pp-class-166 pa t41799 l3">or </span><span class="pp-class-166 pa t41799 l21054 ls48">loss </span><span class="pp-class-166 pa t41799 l36677">under </span><span class="pp-class-166 pa t41799 l28490">financial </span><span class="pp-class-166 pa t41799 l22275 ls189">items.</span></p></div></div> <div class="pp-class-4" id="pp-id-4467" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42525 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3 ls158">Derivative </span><span class="pp-class-166 pa t41653 l42526">financial </span><span class="pp-class-166 pa t41653 l14107 ls239">instruments </span><span class="pp-class-166 pa t41653 l42527 ls228">are </span><span class="pp-class-166 pa t41653 l42528 ls564">recognised </span><span class="pp-class-166 pa t41653 l42529">on </span><span class="pp-class-166 pa t41653 l20894">the </span><span class="pp-class-166 pa t41653 l42530 ls1129">trade </span><span class="pp-class-166 pa t41653 l11065 ls1122">date </span><span class="pp-class-166 pa t41653 l42531">and </span><span class="pp-class-166 pa t41653 l40704 ls228">are </span><span class="pp-class-166 pa t41661 l3 ls1528">measured </span><span class="pp-class-166 pa t41661 l22264">at </span><span class="pp-class-166 pa t41661 l5870 ls2307">fair </span><span class="pp-class-166 pa t41661 l12778 ls239">value. </span><span class="pp-class-166 pa t41661 l8784 ls1528">Positive </span><span class="pp-class-166 pa t41661 l42532">and </span><span class="pp-class-166 pa t41661 l5910 ls394">negative </span><span class="pp-class-166 pa t41661 l40718 ls2307">fair </span><span class="pp-class-166 pa t41661 l36924 ls239">values </span><span class="pp-class-166 pa t41661 l42533 ls228">are </span><span class="pp-class-166 pa t41661 l23716">included </span><span class="pp-class-166 pa t41661 l12476">in </span><span class="pp-class-166 pa t41661 l42534 ls75">other </span><span class="pp-class-166 pa t41669 l3 ls702">current </span><span class="pp-class-166 pa t41669 l30365 ls2168">receivables </span><span class="pp-class-166 pa t41669 l42535">or </span><span class="pp-class-166 pa t41669 l21777 ls75">other </span><span class="pp-class-166 pa t41669 l37562 ls702">current </span><span class="pp-class-166 pa t41669 l37333 ls394">payables </span><span class="pp-class-166 pa t41669 l42536">in </span><span class="pp-class-166 pa t41669 l5479">the </span><span class="pp-class-166 pa t41669 l20069 ls1122">statement </span><span class="pp-class-166 pa t41669 l42537">of </span><span class="pp-class-166 pa t41669 l42538">financial </span><span class="pp-class-166 pa t41677 l3">position. </span><span class="pp-class-166 pa t41677 l25786 ls1528">Positive </span><span class="pp-class-166 pa t41677 l15544">and </span><span class="pp-class-166 pa t41677 l12562 ls394">negative </span><span class="pp-class-166 pa t41677 l39618 ls2307">fair </span><span class="pp-class-166 pa t41677 l9749 ls239">values </span><span class="pp-class-166 pa t41677 l27640 ls228">are </span><span class="pp-class-166 pa t41677 l3019">only </span><span class="pp-class-166 pa t41677 l38553 ls377">offset </span><span class="pp-class-166 pa t41677 l42539">if </span><span class="pp-class-166 pa t41677 l42540">the </span><span class="pp-class-166 pa t41677 l42541 ls497">Group </span><span class="pp-class-166 pa t41677 l42542">has </span><span class="pp-class-166 pa t41677 l42543">a </span><span class="pp-class-166 pa t42544 l3">right </span><span class="pp-class-166 pa t42544 l25758">and </span><span class="pp-class-166 pa t42544 l25746">an </span><span class="pp-class-166 pa t42544 l42545 ls1428">intention </span><span class="pp-class-166 pa t42544 l42546 ls135">to </span><span class="pp-class-166 pa t42544 l42547 ls93">settle </span><span class="pp-class-166 pa t42544 l41762 ls946">several </span><span class="pp-class-166 pa t42544 l42548">financial </span><span class="pp-class-166 pa t42544 l42549 ls239">instruments </span><span class="pp-class-166 pa t42544 l42550 ls234">net </span><span class="pp-class-166 pa t42544 l39861">(by </span><span class="pp-class-166 pa t42544 l42551 ls101">means </span><span class="pp-class-166 pa t41680 l3">of </span><span class="pp-class-166 pa t41680 l2457 ls1026">settlement </span><span class="pp-class-166 pa t41680 l37906">of </span><span class="pp-class-166 pa t41680 l5238 ls2307">differences). </span><span class="pp-class-166 pa t41680 l26936 ls3342">Fair </span><span class="pp-class-166 pa t41680 l9482 ls101">value </span><span class="pp-class-166 pa t41680 l42552">is </span><span class="pp-class-166 pa t41680 l42553 ls2022">determined </span><span class="pp-class-166 pa t41680 l42554">based </span><span class="pp-class-166 pa t41680 l42555">on </span><span class="pp-class-166 pa t41680 l15044 ls1217">generally </span><span class="pp-class-166 pa t41687 l3 ls135">accepted </span><span class="pp-class-166 pa t41687 l28658 ls394">valuation </span><span class="pp-class-166 pa t41687 l6234 ls461">methods </span><span class="pp-class-166 pa t41687 l42556">using </span><span class="pp-class-166 pa t41687 l42557 ls394">available </span><span class="pp-class-166 pa t41687 l9791 ls2390">observable </span><span class="pp-class-166 pa t41687 l14667 ls495">market </span><span class="pp-class-166 pa t41687 l42558 ls853">data.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3">When </span><span class="pp-class-166 pa t42559 l4926 ls234">entering </span><span class="pp-class-166 pa t42559 l42560 ls1122">into </span><span class="pp-class-166 pa t42559 l26539 ls1849">contracts </span><span class="pp-class-166 pa t42559 l42561 ls228">for </span><span class="pp-class-166 pa t42559 l42562">financial </span><span class="pp-class-166 pa t42559 l42563 ls455">instruments, </span><span class="pp-class-166 pa t42559 l42564">an </span><span class="pp-class-166 pa t42559 l42565 ls158">assessment </span><span class="pp-class-166 pa t42559 l11267">is </span><span class="pp-class-166 pa t42559 l42566">made </span><span class="pp-class-166 pa t41696 l3">of </span><span class="pp-class-166 pa t41696 l2457 ls461">whether </span><span class="pp-class-166 pa t41696 l33806">the </span><span class="pp-class-166 pa t41696 l42567 ls239">instrument </span><span class="pp-class-166 pa t41696 l42568">qualifies </span><span class="pp-class-166 pa t41696 l42569 ls228">for </span><span class="pp-class-166 pa t41696 l29296">hedge </span><span class="pp-class-166 pa t41696 l42570 ls149">accounting, </span><span class="pp-class-166 pa t41696 l28347">including </span><span class="pp-class-166 pa t41696 l42571 ls461">whether </span><span class="pp-class-166 pa t41704 l3">the </span><span class="pp-class-166 pa t41704 l1913 ls239">instrument </span><span class="pp-class-166 pa t41704 l42572">hedges </span><span class="pp-class-166 pa t41704 l12043 ls564">recognised </span><span class="pp-class-166 pa t41704 l42573 ls4053">assets </span><span class="pp-class-166 pa t41704 l42574">and </span><span class="pp-class-166 pa t41704 l42575">liabilities </span><span class="pp-class-166 pa t41704 l42576">or </span><span class="pp-class-166 pa t41704 l24085 ls234">net </span><span class="pp-class-166 pa t41704 l42577 ls226">investments </span><span class="pp-class-166 pa t41711 l3">in </span><span class="pp-class-166 pa t41711 l1746 ls228">foreign </span><span class="pp-class-166 pa t41711 l32063">entities. </span><span class="pp-class-166 pa t41711 l28309">The </span><span class="pp-class-166 pa t41711 l38121 ls455">effectiveness </span><span class="pp-class-166 pa t41711 l34587">of </span><span class="pp-class-166 pa t41711 l12742 ls564">recognised </span><span class="pp-class-166 pa t41711 l30568">financial </span><span class="pp-class-166 pa t41711 l42578 ls239">instruments </span><span class="pp-class-166 pa t41711 l42579">is </span><span class="pp-class-166 pa t41717 l3 ls226">assessed </span><span class="pp-class-166 pa t41717 l4046">on </span><span class="pp-class-166 pa t41717 l9088">a </span><span class="pp-class-166 pa t41717 l23484">monthly </span><span class="pp-class-166 pa t41717 l42580">basis, </span><span class="pp-class-166 pa t41717 l2205">and </span><span class="pp-class-166 pa t41717 l42581">any </span><span class="pp-class-166 pa t41717 l42582 ls7127">ineffectiveness </span><span class="pp-class-166 pa t41717 l42583">is </span><span class="pp-class-166 pa t41717 l42584 ls564">recognised </span><span class="pp-class-166 pa t41717 l42585">in </span><span class="pp-class-166 pa t41717 l42586">the </span><span class="pp-class-166 pa t42587 l3 ls1122">statement </span><span class="pp-class-166 pa t42587 l21945">of </span><span class="pp-class-166 pa t42587 l793 ls564">profit </span><span class="pp-class-166 pa t42587 l42588">or </span><span class="pp-class-166 pa t42587 l42589 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41727 l3 ls3342">Fair </span><span class="pp-class-166 pa t41727 l34964 ls101">value </span><span class="pp-class-166 pa t41727 l34965">changes </span><span class="pp-class-166 pa t41727 l22789 ls205">classified </span><span class="pp-class-166 pa t41727 l42590">as </span><span class="pp-class-166 pa t41727 l32212">and </span><span class="pp-class-166 pa t41727 l42591">fulfilling </span><span class="pp-class-166 pa t41727 l42592">the </span><span class="pp-class-166 pa t41727 l11958 ls234">criteria </span><span class="pp-class-166 pa t41727 l42593 ls228">for </span><span class="pp-class-166 pa t41727 l42594 ls5508">recognition </span><span class="pp-class-166 pa t41727 l42595">as </span><span class="pp-class-166 pa t41727 l42596">a </span><span class="pp-class-166 pa t41734 l3 ls2307">fair </span><span class="pp-class-166 pa t41734 l36332 ls101">value </span><span class="pp-class-166 pa t41734 l9438">hedge </span><span class="pp-class-166 pa t41734 l42597 ls228">are </span><span class="pp-class-166 pa t41734 l22402 ls564">recognised </span><span class="pp-class-166 pa t41734 l20073">in </span><span class="pp-class-166 pa t41734 l31346">the </span><span class="pp-class-166 pa t41734 l42598 ls1122">statement </span><span class="pp-class-166 pa t41734 l42599">of </span><span class="pp-class-166 pa t41734 l32560 ls564">profit </span><span class="pp-class-166 pa t41734 l42600">or </span><span class="pp-class-166 pa t41734 l10785 ls48">loss </span><span class="pp-class-166 pa t41734 l42601 ls59">together </span><span class="pp-class-166 pa t41743 l3">with </span><span class="pp-class-166 pa t41743 l3388">changes </span><span class="pp-class-166 pa t41743 l23384">in </span><span class="pp-class-166 pa t41743 l4972">the </span><span class="pp-class-166 pa t41743 l42602 ls101">value </span><span class="pp-class-166 pa t41743 l42603">of </span><span class="pp-class-166 pa t41743 l22078">the </span><span class="pp-class-166 pa t41743 l41144">specific </span><span class="pp-class-166 pa t41743 l42604 ls2103">portion </span><span class="pp-class-166 pa t41743 l42605">of </span><span class="pp-class-166 pa t41743 l42606">the </span><span class="pp-class-166 pa t41743 l42607 ls1428">asset </span><span class="pp-class-166 pa t41743 l42608">or </span><span class="pp-class-166 pa t41743 l19035 ls1732">liability </span><span class="pp-class-166 pa t42609 l3">that </span><span class="pp-class-166 pa t42609 l3494">has </span><span class="pp-class-166 pa t42609 l27519">been </span><span class="pp-class-166 pa t42609 l34533">hedged.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3 ls3342">Fair </span><span class="pp-class-166 pa t41746 l34964 ls101">value </span><span class="pp-class-166 pa t41746 l34965">changes </span><span class="pp-class-166 pa t41746 l22789">in </span><span class="pp-class-166 pa t41746 l6026">the </span><span class="pp-class-166 pa t41746 l18880 ls2390">part </span><span class="pp-class-166 pa t41746 l28295">of </span><span class="pp-class-166 pa t41746 l42610">the </span><span class="pp-class-166 pa t41746 l42611 ls158">derivative </span><span class="pp-class-166 pa t41746 l42612">which </span><span class="pp-class-166 pa t41746 l42613">is </span><span class="pp-class-166 pa t41746 l42614 ls205">classified </span><span class="pp-class-166 pa t41746 l42615">as </span><span class="pp-class-166 pa t41746 l42616">and </span><span class="pp-class-166 pa t41750 l3">qualifies </span><span class="pp-class-166 pa t41750 l40772 ls228">for </span><span class="pp-class-166 pa t41750 l39232 ls5508">recognition </span><span class="pp-class-166 pa t41750 l26183">as </span><span class="pp-class-166 pa t41750 l42617">a </span><span class="pp-class-166 pa t41750 l31752 ls564">future </span><span class="pp-class-166 pa t41750 l37002 ls923">cash </span><span class="pp-class-166 pa t41750 l26242">flow </span><span class="pp-class-166 pa t41750 l42618">hedge </span><span class="pp-class-166 pa t41750 l42619">and </span><span class="pp-class-166 pa t41750 l30664">which </span><span class="pp-class-166 pa t41750 l42620 ls1900">effectively </span><span class="pp-class-166 pa t41757 l3">hedges </span><span class="pp-class-166 pa t41757 l28057 ls48">against </span><span class="pp-class-166 pa t41757 l15207">changes </span><span class="pp-class-166 pa t41757 l42621">in </span><span class="pp-class-166 pa t41757 l26481">the </span><span class="pp-class-166 pa t41757 l42622 ls101">value </span><span class="pp-class-166 pa t41757 l42623">of </span><span class="pp-class-166 pa t41757 l42624">the </span><span class="pp-class-166 pa t41757 l42625">hedged </span><span class="pp-class-166 pa t41757 l42626 ls1122">item </span><span class="pp-class-166 pa t41757 l36097 ls228">are </span><span class="pp-class-166 pa t41757 l42627 ls564">recognised </span><span class="pp-class-166 pa t41757 l42628">in </span><span class="pp-class-166 pa t42629 l3 ls75">other </span><span class="pp-class-166 pa t42629 l1276 ls495">comprehensive </span><span class="pp-class-166 pa t42629 l29336 ls740">income </span><span class="pp-class-166 pa t42629 l21471">as </span><span class="pp-class-166 pa t42629 l42630">a </span><span class="pp-class-166 pa t42629 l42631 ls3962">separate </span><span class="pp-class-166 pa t42629 l42632">hedging </span><span class="pp-class-166 pa t42629 l42633 ls205">reserve.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41759 l3">When </span><span class="pp-class-166 pa t41759 l4926">the </span><span class="pp-class-166 pa t41759 l14198">underlying </span><span class="pp-class-166 pa t41759 l42634">hedged </span><span class="pp-class-166 pa t41759 l42635 ls1122">item </span><span class="pp-class-166 pa t41759 l19562">is </span><span class="pp-class-166 pa t41759 l42636 ls107">realised, </span><span class="pp-class-166 pa t41759 l7614">any </span><span class="pp-class-166 pa t41759 l25743">gain </span><span class="pp-class-166 pa t41759 l42637">or </span><span class="pp-class-166 pa t41759 l39191 ls48">loss </span><span class="pp-class-166 pa t41759 l31429">on </span><span class="pp-class-166 pa t41759 l42638">the </span><span class="pp-class-166 pa t41759 l30617">hedging </span><span class="pp-class-166 pa t41767 l3 ls750">transaction </span><span class="pp-class-166 pa t41767 l3649">is </span><span class="pp-class-166 pa t41767 l3650 ls228">transferred </span><span class="pp-class-166 pa t41767 l1529 ls267">from </span><span class="pp-class-166 pa t41767 l42639 ls1701">equity </span><span class="pp-class-166 pa t41767 l7113">and </span><span class="pp-class-166 pa t41767 l7168 ls564">recognised </span><span class="pp-class-166 pa t41767 l11004 ls59">together </span><span class="pp-class-166 pa t41767 l42640">with </span><span class="pp-class-166 pa t41767 l42641">the </span><span class="pp-class-166 pa t41777 l3">hedged </span><span class="pp-class-166 pa t41777 l42642 ls189">item. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42643 l3 ls3342">Fair </span><span class="pp-class-166 pa t42643 l34964 ls101">value </span><span class="pp-class-166 pa t42643 l34965">changes </span><span class="pp-class-166 pa t42643 l22789">that </span><span class="pp-class-166 pa t42643 l9510">do </span><span class="pp-class-166 pa t42643 l42644 ls1528">not </span><span class="pp-class-166 pa t42643 l42645 ls923">meet </span><span class="pp-class-166 pa t42643 l20987">the </span><span class="pp-class-166 pa t42643 l9889 ls234">criteria </span><span class="pp-class-166 pa t42643 l36812 ls228">for </span><span class="pp-class-166 pa t42643 l27152 ls107">treatment </span><span class="pp-class-166 pa t42643 l42646">as </span><span class="pp-class-166 pa t42643 l42647">hedging </span><span class="pp-class-166 pa t41794 l3 ls239">instruments </span><span class="pp-class-166 pa t41794 l42648 ls228">are </span><span class="pp-class-166 pa t41794 l25124 ls564">recognised </span><span class="pp-class-166 pa t41794 l32602">on </span><span class="pp-class-166 pa t41794 l11486">an </span><span class="pp-class-166 pa t41794 l39546">ongoing </span><span class="pp-class-166 pa t41794 l42649">basis </span><span class="pp-class-166 pa t41794 l42650">in </span><span class="pp-class-166 pa t41794 l1908">the </span><span class="pp-class-166 pa t41794 l14781 ls1122">statement </span><span class="pp-class-166 pa t41794 l42651">of </span><span class="pp-class-166 pa t41794 l6728 ls564">profit </span><span class="pp-class-166 pa t41799 l3">or </span><span class="pp-class-166 pa t41799 l21054 ls48">loss </span><span class="pp-class-166 pa t41799 l36677">under </span><span class="pp-class-166 pa t41799 l28490">financial </span><span class="pp-class-166 pa t41799 l22275 ls189">items.</span></p></div></div> <div class="pp-class-4" id="pp-id-4467" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42525 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3 ls158">Derivative </span><span class="pp-class-166 pa t41653 l42526">financial </span><span class="pp-class-166 pa t41653 l14107 ls239">instruments </span><span class="pp-class-166 pa t41653 l42527 ls228">are </span><span class="pp-class-166 pa t41653 l42528 ls564">recognised </span><span class="pp-class-166 pa t41653 l42529">on </span><span class="pp-class-166 pa t41653 l20894">the </span><span class="pp-class-166 pa t41653 l42530 ls1129">trade </span><span class="pp-class-166 pa t41653 l11065 ls1122">date </span><span class="pp-class-166 pa t41653 l42531">and </span><span class="pp-class-166 pa t41653 l40704 ls228">are </span><span class="pp-class-166 pa t41661 l3 ls1528">measured </span><span class="pp-class-166 pa t41661 l22264">at </span><span class="pp-class-166 pa t41661 l5870 ls2307">fair </span><span class="pp-class-166 pa t41661 l12778 ls239">value. </span><span class="pp-class-166 pa t41661 l8784 ls1528">Positive </span><span class="pp-class-166 pa t41661 l42532">and </span><span class="pp-class-166 pa t41661 l5910 ls394">negative </span><span class="pp-class-166 pa t41661 l40718 ls2307">fair </span><span class="pp-class-166 pa t41661 l36924 ls239">values </span><span class="pp-class-166 pa t41661 l42533 ls228">are </span><span class="pp-class-166 pa t41661 l23716">included </span><span class="pp-class-166 pa t41661 l12476">in </span><span class="pp-class-166 pa t41661 l42534 ls75">other </span><span class="pp-class-166 pa t41669 l3 ls702">current </span><span class="pp-class-166 pa t41669 l30365 ls2168">receivables </span><span class="pp-class-166 pa t41669 l42535">or </span><span class="pp-class-166 pa t41669 l21777 ls75">other </span><span class="pp-class-166 pa t41669 l37562 ls702">current </span><span class="pp-class-166 pa t41669 l37333 ls394">payables </span><span class="pp-class-166 pa t41669 l42536">in </span><span class="pp-class-166 pa t41669 l5479">the </span><span class="pp-class-166 pa t41669 l20069 ls1122">statement </span><span class="pp-class-166 pa t41669 l42537">of </span><span class="pp-class-166 pa t41669 l42538">financial </span><span class="pp-class-166 pa t41677 l3">position. </span><span class="pp-class-166 pa t41677 l25786 ls1528">Positive </span><span class="pp-class-166 pa t41677 l15544">and </span><span class="pp-class-166 pa t41677 l12562 ls394">negative </span><span class="pp-class-166 pa t41677 l39618 ls2307">fair </span><span class="pp-class-166 pa t41677 l9749 ls239">values </span><span class="pp-class-166 pa t41677 l27640 ls228">are </span><span class="pp-class-166 pa t41677 l3019">only </span><span class="pp-class-166 pa t41677 l38553 ls377">offset </span><span class="pp-class-166 pa t41677 l42539">if </span><span class="pp-class-166 pa t41677 l42540">the </span><span class="pp-class-166 pa t41677 l42541 ls497">Group </span><span class="pp-class-166 pa t41677 l42542">has </span><span class="pp-class-166 pa t41677 l42543">a </span><span class="pp-class-166 pa t42544 l3">right </span><span class="pp-class-166 pa t42544 l25758">and </span><span class="pp-class-166 pa t42544 l25746">an </span><span class="pp-class-166 pa t42544 l42545 ls1428">intention </span><span class="pp-class-166 pa t42544 l42546 ls135">to </span><span class="pp-class-166 pa t42544 l42547 ls93">settle </span><span class="pp-class-166 pa t42544 l41762 ls946">several </span><span class="pp-class-166 pa t42544 l42548">financial </span><span class="pp-class-166 pa t42544 l42549 ls239">instruments </span><span class="pp-class-166 pa t42544 l42550 ls234">net </span><span class="pp-class-166 pa t42544 l39861">(by </span><span class="pp-class-166 pa t42544 l42551 ls101">means </span><span class="pp-class-166 pa t41680 l3">of </span><span class="pp-class-166 pa t41680 l2457 ls1026">settlement </span><span class="pp-class-166 pa t41680 l37906">of </span><span class="pp-class-166 pa t41680 l5238 ls2307">differences). </span><span class="pp-class-166 pa t41680 l26936 ls3342">Fair </span><span class="pp-class-166 pa t41680 l9482 ls101">value </span><span class="pp-class-166 pa t41680 l42552">is </span><span class="pp-class-166 pa t41680 l42553 ls2022">determined </span><span class="pp-class-166 pa t41680 l42554">based </span><span class="pp-class-166 pa t41680 l42555">on </span><span class="pp-class-166 pa t41680 l15044 ls1217">generally </span><span class="pp-class-166 pa t41687 l3 ls135">accepted </span><span class="pp-class-166 pa t41687 l28658 ls394">valuation </span><span class="pp-class-166 pa t41687 l6234 ls461">methods </span><span class="pp-class-166 pa t41687 l42556">using </span><span class="pp-class-166 pa t41687 l42557 ls394">available </span><span class="pp-class-166 pa t41687 l9791 ls2390">observable </span><span class="pp-class-166 pa t41687 l14667 ls495">market </span><span class="pp-class-166 pa t41687 l42558 ls853">data.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3">When </span><span class="pp-class-166 pa t42559 l4926 ls234">entering </span><span class="pp-class-166 pa t42559 l42560 ls1122">into </span><span class="pp-class-166 pa t42559 l26539 ls1849">contracts </span><span class="pp-class-166 pa t42559 l42561 ls228">for </span><span class="pp-class-166 pa t42559 l42562">financial </span><span class="pp-class-166 pa t42559 l42563 ls455">instruments, </span><span class="pp-class-166 pa t42559 l42564">an </span><span class="pp-class-166 pa t42559 l42565 ls158">assessment </span><span class="pp-class-166 pa t42559 l11267">is </span><span class="pp-class-166 pa t42559 l42566">made </span><span class="pp-class-166 pa t41696 l3">of </span><span class="pp-class-166 pa t41696 l2457 ls461">whether </span><span class="pp-class-166 pa t41696 l33806">the </span><span class="pp-class-166 pa t41696 l42567 ls239">instrument </span><span class="pp-class-166 pa t41696 l42568">qualifies </span><span class="pp-class-166 pa t41696 l42569 ls228">for </span><span class="pp-class-166 pa t41696 l29296">hedge </span><span class="pp-class-166 pa t41696 l42570 ls149">accounting, </span><span class="pp-class-166 pa t41696 l28347">including </span><span class="pp-class-166 pa t41696 l42571 ls461">whether </span><span class="pp-class-166 pa t41704 l3">the </span><span class="pp-class-166 pa t41704 l1913 ls239">instrument </span><span class="pp-class-166 pa t41704 l42572">hedges </span><span class="pp-class-166 pa t41704 l12043 ls564">recognised </span><span class="pp-class-166 pa t41704 l42573 ls4053">assets </span><span class="pp-class-166 pa t41704 l42574">and </span><span class="pp-class-166 pa t41704 l42575">liabilities </span><span class="pp-class-166 pa t41704 l42576">or </span><span class="pp-class-166 pa t41704 l24085 ls234">net </span><span class="pp-class-166 pa t41704 l42577 ls226">investments </span><span class="pp-class-166 pa t41711 l3">in </span><span class="pp-class-166 pa t41711 l1746 ls228">foreign </span><span class="pp-class-166 pa t41711 l32063">entities. </span><span class="pp-class-166 pa t41711 l28309">The </span><span class="pp-class-166 pa t41711 l38121 ls455">effectiveness </span><span class="pp-class-166 pa t41711 l34587">of </span><span class="pp-class-166 pa t41711 l12742 ls564">recognised </span><span class="pp-class-166 pa t41711 l30568">financial </span><span class="pp-class-166 pa t41711 l42578 ls239">instruments </span><span class="pp-class-166 pa t41711 l42579">is </span><span class="pp-class-166 pa t41717 l3 ls226">assessed </span><span class="pp-class-166 pa t41717 l4046">on </span><span class="pp-class-166 pa t41717 l9088">a </span><span class="pp-class-166 pa t41717 l23484">monthly </span><span class="pp-class-166 pa t41717 l42580">basis, </span><span class="pp-class-166 pa t41717 l2205">and </span><span class="pp-class-166 pa t41717 l42581">any </span><span class="pp-class-166 pa t41717 l42582 ls7127">ineffectiveness </span><span class="pp-class-166 pa t41717 l42583">is </span><span class="pp-class-166 pa t41717 l42584 ls564">recognised </span><span class="pp-class-166 pa t41717 l42585">in </span><span class="pp-class-166 pa t41717 l42586">the </span><span class="pp-class-166 pa t42587 l3 ls1122">statement </span><span class="pp-class-166 pa t42587 l21945">of </span><span class="pp-class-166 pa t42587 l793 ls564">profit </span><span class="pp-class-166 pa t42587 l42588">or </span><span class="pp-class-166 pa t42587 l42589 ls101">loss. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41727 l3 ls3342">Fair </span><span class="pp-class-166 pa t41727 l34964 ls101">value </span><span class="pp-class-166 pa t41727 l34965">changes </span><span class="pp-class-166 pa t41727 l22789 ls205">classified </span><span class="pp-class-166 pa t41727 l42590">as </span><span class="pp-class-166 pa t41727 l32212">and </span><span class="pp-class-166 pa t41727 l42591">fulfilling </span><span class="pp-class-166 pa t41727 l42592">the </span><span class="pp-class-166 pa t41727 l11958 ls234">criteria </span><span class="pp-class-166 pa t41727 l42593 ls228">for </span><span class="pp-class-166 pa t41727 l42594 ls5508">recognition </span><span class="pp-class-166 pa t41727 l42595">as </span><span class="pp-class-166 pa t41727 l42596">a </span><span class="pp-class-166 pa t41734 l3 ls2307">fair </span><span class="pp-class-166 pa t41734 l36332 ls101">value </span><span class="pp-class-166 pa t41734 l9438">hedge </span><span class="pp-class-166 pa t41734 l42597 ls228">are </span><span class="pp-class-166 pa t41734 l22402 ls564">recognised </span><span class="pp-class-166 pa t41734 l20073">in </span><span class="pp-class-166 pa t41734 l31346">the </span><span class="pp-class-166 pa t41734 l42598 ls1122">statement </span><span class="pp-class-166 pa t41734 l42599">of </span><span class="pp-class-166 pa t41734 l32560 ls564">profit </span><span class="pp-class-166 pa t41734 l42600">or </span><span class="pp-class-166 pa t41734 l10785 ls48">loss </span><span class="pp-class-166 pa t41734 l42601 ls59">together </span><span class="pp-class-166 pa t41743 l3">with </span><span class="pp-class-166 pa t41743 l3388">changes </span><span class="pp-class-166 pa t41743 l23384">in </span><span class="pp-class-166 pa t41743 l4972">the </span><span class="pp-class-166 pa t41743 l42602 ls101">value </span><span class="pp-class-166 pa t41743 l42603">of </span><span class="pp-class-166 pa t41743 l22078">the </span><span class="pp-class-166 pa t41743 l41144">specific </span><span class="pp-class-166 pa t41743 l42604 ls2103">portion </span><span class="pp-class-166 pa t41743 l42605">of </span><span class="pp-class-166 pa t41743 l42606">the </span><span class="pp-class-166 pa t41743 l42607 ls1428">asset </span><span class="pp-class-166 pa t41743 l42608">or </span><span class="pp-class-166 pa t41743 l19035 ls1732">liability </span><span class="pp-class-166 pa t42609 l3">that </span><span class="pp-class-166 pa t42609 l3494">has </span><span class="pp-class-166 pa t42609 l27519">been </span><span class="pp-class-166 pa t42609 l34533">hedged.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3 ls3342">Fair </span><span class="pp-class-166 pa t41746 l34964 ls101">value </span><span class="pp-class-166 pa t41746 l34965">changes </span><span class="pp-class-166 pa t41746 l22789">in </span><span class="pp-class-166 pa t41746 l6026">the </span><span class="pp-class-166 pa t41746 l18880 ls2390">part </span><span class="pp-class-166 pa t41746 l28295">of </span><span class="pp-class-166 pa t41746 l42610">the </span><span class="pp-class-166 pa t41746 l42611 ls158">derivative </span><span class="pp-class-166 pa t41746 l42612">which </span><span class="pp-class-166 pa t41746 l42613">is </span><span class="pp-class-166 pa t41746 l42614 ls205">classified </span><span class="pp-class-166 pa t41746 l42615">as </span><span class="pp-class-166 pa t41746 l42616">and </span><span class="pp-class-166 pa t41750 l3">qualifies </span><span class="pp-class-166 pa t41750 l40772 ls228">for </span><span class="pp-class-166 pa t41750 l39232 ls5508">recognition </span><span class="pp-class-166 pa t41750 l26183">as </span><span class="pp-class-166 pa t41750 l42617">a </span><span class="pp-class-166 pa t41750 l31752 ls564">future </span><span class="pp-class-166 pa t41750 l37002 ls923">cash </span><span class="pp-class-166 pa t41750 l26242">flow </span><span class="pp-class-166 pa t41750 l42618">hedge </span><span class="pp-class-166 pa t41750 l42619">and </span><span class="pp-class-166 pa t41750 l30664">which </span><span class="pp-class-166 pa t41750 l42620 ls1900">effectively </span><span class="pp-class-166 pa t41757 l3">hedges </span><span class="pp-class-166 pa t41757 l28057 ls48">against </span><span class="pp-class-166 pa t41757 l15207">changes </span><span class="pp-class-166 pa t41757 l42621">in </span><span class="pp-class-166 pa t41757 l26481">the </span><span class="pp-class-166 pa t41757 l42622 ls101">value </span><span class="pp-class-166 pa t41757 l42623">of </span><span class="pp-class-166 pa t41757 l42624">the </span><span class="pp-class-166 pa t41757 l42625">hedged </span><span class="pp-class-166 pa t41757 l42626 ls1122">item </span><span class="pp-class-166 pa t41757 l36097 ls228">are </span><span class="pp-class-166 pa t41757 l42627 ls564">recognised </span><span class="pp-class-166 pa t41757 l42628">in </span><span class="pp-class-166 pa t42629 l3 ls75">other </span><span class="pp-class-166 pa t42629 l1276 ls495">comprehensive </span><span class="pp-class-166 pa t42629 l29336 ls740">income </span><span class="pp-class-166 pa t42629 l21471">as </span><span class="pp-class-166 pa t42629 l42630">a </span><span class="pp-class-166 pa t42629 l42631 ls3962">separate </span><span class="pp-class-166 pa t42629 l42632">hedging </span><span class="pp-class-166 pa t42629 l42633 ls205">reserve.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41759 l3">When </span><span class="pp-class-166 pa t41759 l4926">the </span><span class="pp-class-166 pa t41759 l14198">underlying </span><span class="pp-class-166 pa t41759 l42634">hedged </span><span class="pp-class-166 pa t41759 l42635 ls1122">item </span><span class="pp-class-166 pa t41759 l19562">is </span><span class="pp-class-166 pa t41759 l42636 ls107">realised, </span><span class="pp-class-166 pa t41759 l7614">any </span><span class="pp-class-166 pa t41759 l25743">gain </span><span class="pp-class-166 pa t41759 l42637">or </span><span class="pp-class-166 pa t41759 l39191 ls48">loss </span><span class="pp-class-166 pa t41759 l31429">on </span><span class="pp-class-166 pa t41759 l42638">the </span><span class="pp-class-166 pa t41759 l30617">hedging </span><span class="pp-class-166 pa t41767 l3 ls750">transaction </span><span class="pp-class-166 pa t41767 l3649">is </span><span class="pp-class-166 pa t41767 l3650 ls228">transferred </span><span class="pp-class-166 pa t41767 l1529 ls267">from </span><span class="pp-class-166 pa t41767 l42639 ls1701">equity </span><span class="pp-class-166 pa t41767 l7113">and </span><span class="pp-class-166 pa t41767 l7168 ls564">recognised </span><span class="pp-class-166 pa t41767 l11004 ls59">together </span><span class="pp-class-166 pa t41767 l42640">with </span><span class="pp-class-166 pa t41767 l42641">the </span><span class="pp-class-166 pa t41777 l3">hedged </span><span class="pp-class-166 pa t41777 l42642 ls189">item. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42643 l3 ls3342">Fair </span><span class="pp-class-166 pa t42643 l34964 ls101">value </span><span class="pp-class-166 pa t42643 l34965">changes </span><span class="pp-class-166 pa t42643 l22789">that </span><span class="pp-class-166 pa t42643 l9510">do </span><span class="pp-class-166 pa t42643 l42644 ls1528">not </span><span class="pp-class-166 pa t42643 l42645 ls923">meet </span><span class="pp-class-166 pa t42643 l20987">the </span><span class="pp-class-166 pa t42643 l9889 ls234">criteria </span><span class="pp-class-166 pa t42643 l36812 ls228">for </span><span class="pp-class-166 pa t42643 l27152 ls107">treatment </span><span class="pp-class-166 pa t42643 l42646">as </span><span class="pp-class-166 pa t42643 l42647">hedging </span><span class="pp-class-166 pa t41794 l3 ls239">instruments </span><span class="pp-class-166 pa t41794 l42648 ls228">are </span><span class="pp-class-166 pa t41794 l25124 ls564">recognised </span><span class="pp-class-166 pa t41794 l32602">on </span><span class="pp-class-166 pa t41794 l11486">an </span><span class="pp-class-166 pa t41794 l39546">ongoing </span><span class="pp-class-166 pa t41794 l42649">basis </span><span class="pp-class-166 pa t41794 l42650">in </span><span class="pp-class-166 pa t41794 l1908">the </span><span class="pp-class-166 pa t41794 l14781 ls1122">statement </span><span class="pp-class-166 pa t41794 l42651">of </span><span class="pp-class-166 pa t41794 l6728 ls564">profit </span><span class="pp-class-166 pa t41799 l3">or </span><span class="pp-class-166 pa t41799 l21054 ls48">loss </span><span class="pp-class-166 pa t41799 l36677">under </span><span class="pp-class-166 pa t41799 l28490">financial </span><span class="pp-class-166 pa t41799 l22275 ls189">items.</span></p></div></div> <div class="pp-class-4" id="pp-id-4470" xmlns="http://www.w3.org/1999/xhtml"><div class="w42726 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">4.7 </span><span class="pp-class-169 pa t254 l37093 ls38260">Financial </span><span class="pp-class-169 pa t254 l38261 ls38330">instruments </span><span class="pp-class-169 pa t254 l42727 ls1180">— </span><span class="pp-class-169 pa t254 l42728 ls255">fair </span><span class="pp-class-169 pa t254 l42729 ls35162">value </span><span class="pp-class-169 pa t254 l42730 ls42731">hierarchy</span></p></div></div><div class="pp-class-4" id="pp-id-4471" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42732 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40744 l3 ls26738">Fair </span><span class="pp-class-170 pa t40744 l42733 ls1464">value </span><span class="pp-class-170 pa t40744 l3739 ls3123">hierarchy </span><span class="pp-class-170 pa t40744 l42734 ls13149">by </span><span class="pp-class-170 pa t40744 l42735 ls30686">category</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40749 l3 ls1378">Derivative </span><span class="pp-class-172 pa t40749 l41417">financial </span><span class="pp-class-172 pa t40749 l42736 ls239">instruments </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41954 l3">DSV </span><span class="pp-class-166 pa t41954 l202">has </span><span class="pp-class-166 pa t41954 l17851">no </span><span class="pp-class-166 pa t41954 l42737">financial </span><span class="pp-class-166 pa t41954 l29203 ls239">instruments </span><span class="pp-class-166 pa t41954 l26542 ls1528">measured </span><span class="pp-class-166 pa t41954 l42738">at </span><span class="pp-class-166 pa t41954 l42739 ls2307">fair </span><span class="pp-class-166 pa t41954 l38677 ls101">value </span><span class="pp-class-166 pa t41954 l13338">based </span><span class="pp-class-166 pa t41954 l42740">on </span><span class="pp-class-166 pa t41954 l42741 ls101">level </span><span class="pp-class-166 pa t41954 l42742">1 </span><span class="pp-class-166 pa t41954 l42743">input </span><span class="pp-class-166 pa t40756 l3 ls1418">(quoted </span><span class="pp-class-166 pa t40756 l28983 ls9321">active </span><span class="pp-class-166 pa t40756 l21408 ls495">market </span><span class="pp-class-166 pa t40756 l42744 ls187">prices) </span><span class="pp-class-166 pa t40756 l42745">or </span><span class="pp-class-166 pa t40756 l42746 ls101">level </span><span class="pp-class-166 pa t40756 l9453">3 </span><span class="pp-class-166 pa t40756 l18978">input </span><span class="pp-class-166 pa t40756 l42747 ls1625">(non-observable </span><span class="pp-class-166 pa t40756 l42748 ls495">market </span><span class="pp-class-166 pa t40756 l42749 ls1849">data). </span><span class="pp-class-166 pa t40758 l3 ls394">Financial </span><span class="pp-class-166 pa t40758 l563 ls239">instruments </span><span class="pp-class-166 pa t40758 l7668 ls228">are </span><span class="pp-class-166 pa t40758 l26023 ls1528">measured </span><span class="pp-class-166 pa t40758 l39171">based </span><span class="pp-class-166 pa t40758 l42750">on </span><span class="pp-class-166 pa t40758 l42751 ls101">level </span><span class="pp-class-166 pa t40758 l42752">2 </span><span class="pp-class-166 pa t40758 l31469">input </span><span class="pp-class-166 pa t40758 l42753">(input </span><span class="pp-class-166 pa t40758 l13669 ls75">other </span><span class="pp-class-166 pa t40758 l42754">than </span><span class="pp-class-166 pa t40766 l3 ls2236">quoted </span><span class="pp-class-166 pa t40766 l18995 ls740">prices </span><span class="pp-class-166 pa t40766 l40757">that </span><span class="pp-class-166 pa t40766 l9716 ls228">are </span><span class="pp-class-166 pa t40766 l2033 ls2390">observable </span><span class="pp-class-166 pa t40766 l34526">either </span><span class="pp-class-166 pa t40766 l26453 ls461">directly </span><span class="pp-class-166 pa t40766 l10974">or </span><span class="pp-class-166 pa t40766 l42755 ls226">indirectly). </span><span class="pp-class-166 pa t40766 l37355">The </span><span class="pp-class-166 pa t40766 l42756 ls2307">fair </span><span class="pp-class-166 pa t40766 l42757 ls101">value </span><span class="pp-class-166 pa t40771 l3">of </span><span class="pp-class-166 pa t40771 l2457 ls1849">currency </span><span class="pp-class-166 pa t40771 l42758 ls101">derivatives </span><span class="pp-class-166 pa t40771 l42759">is </span><span class="pp-class-166 pa t40771 l42760 ls2022">determined </span><span class="pp-class-166 pa t40771 l42761">based </span><span class="pp-class-166 pa t40771 l38557">on </span><span class="pp-class-166 pa t40771 l27554 ls1217">generally </span><span class="pp-class-166 pa t40771 l19407 ls135">accepted </span><span class="pp-class-166 pa t40771 l42762 ls394">valuation </span><span class="pp-class-166 pa t41981 l3 ls461">methods </span><span class="pp-class-166 pa t41981 l6397">using </span><span class="pp-class-166 pa t41981 l42763 ls394">available </span><span class="pp-class-166 pa t41981 l33129 ls2390">observable </span><span class="pp-class-166 pa t41981 l40161 ls495">market </span><span class="pp-class-166 pa t41981 l42764 ls180">data. </span><span class="pp-class-166 pa t41981 l37260 ls158">Calculated </span><span class="pp-class-166 pa t41981 l18780 ls2307">fair </span><span class="pp-class-166 pa t41981 l42765 ls239">values </span><span class="pp-class-166 pa t41981 l42766 ls228">are </span><span class="pp-class-166 pa t40775 l3 ls394">verified </span><span class="pp-class-166 pa t40775 l40099 ls48">against </span><span class="pp-class-166 pa t40775 l42767 ls1528">comparable </span><span class="pp-class-166 pa t40775 l34706 ls59">external </span><span class="pp-class-166 pa t40775 l42768 ls495">market </span><span class="pp-class-166 pa t40775 l42769 ls2236">quotes </span><span class="pp-class-166 pa t40775 l5371">on </span><span class="pp-class-166 pa t40775 l42770">a </span><span class="pp-class-166 pa t40775 l42771">monthly </span><span class="pp-class-166 pa t40775 l42772">basis.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40782 l3 ls226">Issued </span><span class="pp-class-172 pa t40782 l11492">bonds </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42773 l3 ls239">Issued </span><span class="pp-class-166 pa t42773 l41611">bonds </span><span class="pp-class-166 pa t42773 l26994 ls228">are </span><span class="pp-class-166 pa t42773 l5897 ls1528">measured </span><span class="pp-class-166 pa t42773 l2616">at </span><span class="pp-class-166 pa t42773 l42774 ls2179">amortised </span><span class="pp-class-166 pa t42773 l30702 ls3966">cost. </span><span class="pp-class-166 pa t42773 l42775">The </span><span class="pp-class-166 pa t42773 l42776 ls2307">fair </span><span class="pp-class-166 pa t42773 l20691 ls101">value </span><span class="pp-class-166 pa t42773 l42777">of </span><span class="pp-class-166 pa t42773 l20268 ls239">issued </span><span class="pp-class-166 pa t42773 l3799">bonds </span><span class="pp-class-166 pa t42773 l42778">is </span><span class="pp-class-166 pa t42000 l3 ls2022">determined </span><span class="pp-class-166 pa t42000 l21992">based </span><span class="pp-class-166 pa t42000 l12528">on </span><span class="pp-class-166 pa t42000 l21993 ls2236">quoted </span><span class="pp-class-166 pa t42000 l42779 ls9321">active </span><span class="pp-class-166 pa t42000 l34983 ls495">market </span><span class="pp-class-166 pa t42000 l16262 ls187">prices, </span><span class="pp-class-166 pa t42000 l34157">within </span><span class="pp-class-166 pa t42000 l32806 ls101">level </span><span class="pp-class-166 pa t42000 l42780">1 </span><span class="pp-class-166 pa t42000 l14618">of </span><span class="pp-class-166 pa t42000 l42781">the </span><span class="pp-class-166 pa t42000 l42782 ls2307">fair </span><span class="pp-class-166 pa t42003 l3 ls101">value </span><span class="pp-class-166 pa t42003 l39466 ls5905">hierarchy.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42017 l3 ls2307">Overdraft </span><span class="pp-class-172 pa t42017 l42783">and </span><span class="pp-class-172 pa t42017 l42784 ls2236">credit </span><span class="pp-class-172 pa t42017 l32610 ls826">facilities</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42024 l3">The </span><span class="pp-class-166 pa t42024 l1525 ls205">carrying </span><span class="pp-class-166 pa t42024 l38408">amount </span><span class="pp-class-166 pa t42024 l5440">of </span><span class="pp-class-166 pa t42024 l38409 ls2061">overdraft </span><span class="pp-class-166 pa t42024 l9679">and </span><span class="pp-class-166 pa t42024 l32131 ls564">credit </span><span class="pp-class-166 pa t42024 l10474 ls187">facilities </span><span class="pp-class-166 pa t42024 l14722 ls1528">measured </span><span class="pp-class-166 pa t42024 l42785">at </span><span class="pp-class-166 pa t42024 l42786 ls2179">amortised </span><span class="pp-class-166 pa t42029 l3 ls3490">cost </span><span class="pp-class-166 pa t42029 l10527">is </span><span class="pp-class-166 pa t42029 l26204 ls1528">not </span><span class="pp-class-166 pa t42029 l42526 ls564">considered </span><span class="pp-class-166 pa t42029 l6744 ls135">to </span><span class="pp-class-166 pa t42029 l18123 ls189">differ </span><span class="pp-class-166 pa t42029 l42787 ls158">significantly </span><span class="pp-class-166 pa t42029 l42788 ls267">from </span><span class="pp-class-166 pa t42029 l42789">the </span><span class="pp-class-166 pa t42029 l6279 ls2307">fair </span><span class="pp-class-166 pa t42029 l42790 ls101">value.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42042 l3 ls1462">Trade </span><span class="pp-class-172 pa t42042 l42791 ls564">receivables, </span><span class="pp-class-172 pa t42042 l42792 ls2061">trade </span><span class="pp-class-172 pa t42042 l42793 ls158">payables </span><span class="pp-class-172 pa t42042 l42794">and </span><span class="pp-class-172 pa t42042 l42795 ls164">other </span><span class="pp-class-172 pa t42042 l42796 ls1430">receivables</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42051 l3 ls946">Receivables </span><span class="pp-class-166 pa t42051 l9885">and </span><span class="pp-class-166 pa t42051 l3454 ls394">payables </span><span class="pp-class-166 pa t42051 l15062">pertaining </span><span class="pp-class-166 pa t42051 l6551 ls135">to </span><span class="pp-class-166 pa t42051 l39557 ls1217">operating </span><span class="pp-class-166 pa t42051 l42797 ls3593">activities </span><span class="pp-class-166 pa t42051 l14157">with </span><span class="pp-class-166 pa t42051 l34487 ls2030">short </span><span class="pp-class-166 pa t42051 l13545">churn </span><span class="pp-class-166 pa t42798 l3 ls2540">ratios </span><span class="pp-class-166 pa t42798 l42799 ls228">are </span><span class="pp-class-166 pa t42798 l1781 ls564">considered </span><span class="pp-class-166 pa t42798 l42800 ls135">to </span><span class="pp-class-166 pa t42798 l42801 ls48">have </span><span class="pp-class-166 pa t42798 l42802">a </span><span class="pp-class-166 pa t42798 l38444 ls205">carrying </span><span class="pp-class-166 pa t42798 l42803">amount </span><span class="pp-class-166 pa t42798 l42804">equal </span><span class="pp-class-166 pa t42798 l42805 ls135">to </span><span class="pp-class-166 pa t42798 l42806 ls2307">fair </span><span class="pp-class-166 pa t42798 l6239 ls239">value. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42055 l3 ls3593">Cash </span><span class="pp-class-172 pa t42055 l10969">and </span><span class="pp-class-172 pa t42055 l22300 ls234">cash </span><span class="pp-class-172 pa t42055 l42807 ls239">equivalents</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42064 l3">The </span><span class="pp-class-166 pa t42064 l1525 ls205">carrying </span><span class="pp-class-166 pa t42064 l38408">amount </span><span class="pp-class-166 pa t42064 l5440">of </span><span class="pp-class-166 pa t42064 l38409 ls923">cash </span><span class="pp-class-166 pa t42064 l42808">and </span><span class="pp-class-166 pa t42064 l26542 ls923">cash </span><span class="pp-class-166 pa t42064 l22137 ls205">equivalents </span><span class="pp-class-166 pa t42064 l42809">is </span><span class="pp-class-166 pa t42064 l36344 ls1528">not </span><span class="pp-class-166 pa t42064 l42810 ls564">considered </span><span class="pp-class-166 pa t42064 l11016 ls135">to </span><span class="pp-class-166 pa t42064 l28630 ls189">differ </span><span class="pp-class-166 pa t42073 l3 ls158">significantly </span><span class="pp-class-166 pa t42073 l31619 ls267">from </span><span class="pp-class-166 pa t42073 l5743">the </span><span class="pp-class-166 pa t42073 l42811 ls2307">fair </span><span class="pp-class-166 pa t42073 l10292 ls101">value.</span></p></div></div><div class="pp-class-4" id="pp-id-4472" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42812 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l42813 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42814">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l3 ls2349">Financial </span><span class="pp-class-170 pa t33223 l4040 ls2786">instruments </span><span class="pp-class-170 pa t33223 l42815 ls1866">by </span><span class="pp-class-170 pa t33223 l42816 ls7002">category</span><span class="pp-class-166 pa t33223 l42817"/><span class="pp-class-166 pa t33223 l42818">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42819 ls3593">Carrying </span><span class="pp-class-166 pa t33223 l42820">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42821 ls3342">Fair </span><span class="pp-class-166 pa t33223 l42822 ls48">value</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42823 ls3593">Carrying </span><span class="pp-class-166 pa t33223 l42824">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42825 ls3342">Fair </span><span class="pp-class-166 pa t33223 l41394 ls48">value</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t37512 l3 ls101">Financial </span><span class="pp-class-172 pa t37512 l23490 ls127">assets:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l3 ls187">Currency </span><span class="pp-class-166 pa t33005 l20971 ls158">derivatives</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l42826">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l42827">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l42828">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l41345">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l3 ls1462">Trade </span><span class="pp-class-166 pa t42829 l8738 ls4405">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l42830">45,130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l42831">45,130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l42832">27,222</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l37820">27,222</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l3">Other </span><span class="pp-class-166 pa t42833 l4385 ls4405">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l42830">11,172</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l42831">11,172</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l42834">7,668</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l38235">7,668</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l3 ls4015">Cash </span><span class="pp-class-166 pa t42835 l2927">and </span><span class="pp-class-166 pa t42835 l35112 ls923">cash </span><span class="pp-class-166 pa t42835 l1854 ls205">equivalents</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l42830">13,179</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l42831">13,179</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l42832">83,576</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l37820">83,576</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l3 ls101">Financial </span><span class="pp-class-170 pa t42836 l42837 ls226">assets </span><span class="pp-class-170 pa t42836 l42838 ls851">measured </span><span class="pp-class-170 pa t42836 l42839">at </span><span class="pp-class-170 pa t42836 l42840 ls4015">amortised </span><span class="pp-class-170 pa t42836 l42841 ls946">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l42842">69,481</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l42843">69,481</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l42844">118,466</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l42845">118,466</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42846 l3 ls101">Financial </span><span class="pp-class-172 pa t42846 l23490 ls3966">liabilities:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l3 ls187">Currency </span><span class="pp-class-166 pa t42847 l20971 ls158">derivatives</span></p></div><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l42848">4</span></p></div><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l42849">4</span></p></div><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l42850">63</span></p></div><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l42219">63</span></p></div></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l3 ls239">Issued </span><span class="pp-class-166 pa t42851 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l42830">60,928</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l42831">58,693</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l42832">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l37820">58,813</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t42852 l39979">and </span><span class="pp-class-166 pa t42852 l41538 ls564">credit </span><span class="pp-class-166 pa t42852 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l42853">6,077</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l42854">6,077</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l42855">362</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l38253">362</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l3 ls1462">Trade </span><span class="pp-class-166 pa t42856 l8738 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l42830">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l42831">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l42832">14,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l37820">14,456</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l3 ls101">Financial </span><span class="pp-class-170 pa t42857 l42837">liabilities </span><span class="pp-class-170 pa t42857 l42858 ls851">measured </span><span class="pp-class-170 pa t42857 l42859">at </span><span class="pp-class-170 pa t42857 l42860 ls4015">amortised </span><span class="pp-class-170 pa t42857 l42861 ls946">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l42842">90,498</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l42843">88,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l42862">75,600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l42863">73,631</span></p></td></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40744 l3 ls26738">Fair </span><span class="pp-class-170 pa t40744 l42733 ls1464">value </span><span class="pp-class-170 pa t40744 l3739 ls3123">hierarchy </span><span class="pp-class-170 pa t40744 l42734 ls13149">by </span><span class="pp-class-170 pa t40744 l42735 ls30686">category</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40749 l3 ls1378">Derivative </span><span class="pp-class-172 pa t40749 l41417">financial </span><span class="pp-class-172 pa t40749 l42736 ls239">instruments </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41954 l3">DSV </span><span class="pp-class-166 pa t41954 l202">has </span><span class="pp-class-166 pa t41954 l17851">no </span><span class="pp-class-166 pa t41954 l42737">financial </span><span class="pp-class-166 pa t41954 l29203 ls239">instruments </span><span class="pp-class-166 pa t41954 l26542 ls1528">measured </span><span class="pp-class-166 pa t41954 l42738">at </span><span class="pp-class-166 pa t41954 l42739 ls2307">fair </span><span class="pp-class-166 pa t41954 l38677 ls101">value </span><span class="pp-class-166 pa t41954 l13338">based </span><span class="pp-class-166 pa t41954 l42740">on </span><span class="pp-class-166 pa t41954 l42741 ls101">level </span><span class="pp-class-166 pa t41954 l42742">1 </span><span class="pp-class-166 pa t41954 l42743">input </span><span class="pp-class-166 pa t40756 l3 ls1418">(quoted </span><span class="pp-class-166 pa t40756 l28983 ls9321">active </span><span class="pp-class-166 pa t40756 l21408 ls495">market </span><span class="pp-class-166 pa t40756 l42744 ls187">prices) </span><span class="pp-class-166 pa t40756 l42745">or </span><span class="pp-class-166 pa t40756 l42746 ls101">level </span><span class="pp-class-166 pa t40756 l9453">3 </span><span class="pp-class-166 pa t40756 l18978">input </span><span class="pp-class-166 pa t40756 l42747 ls1625">(non-observable </span><span class="pp-class-166 pa t40756 l42748 ls495">market </span><span class="pp-class-166 pa t40756 l42749 ls1849">data). </span><span class="pp-class-166 pa t40758 l3 ls394">Financial </span><span class="pp-class-166 pa t40758 l563 ls239">instruments </span><span class="pp-class-166 pa t40758 l7668 ls228">are </span><span class="pp-class-166 pa t40758 l26023 ls1528">measured </span><span class="pp-class-166 pa t40758 l39171">based </span><span class="pp-class-166 pa t40758 l42750">on </span><span class="pp-class-166 pa t40758 l42751 ls101">level </span><span class="pp-class-166 pa t40758 l42752">2 </span><span class="pp-class-166 pa t40758 l31469">input </span><span class="pp-class-166 pa t40758 l42753">(input </span><span class="pp-class-166 pa t40758 l13669 ls75">other </span><span class="pp-class-166 pa t40758 l42754">than </span><span class="pp-class-166 pa t40766 l3 ls2236">quoted </span><span class="pp-class-166 pa t40766 l18995 ls740">prices </span><span class="pp-class-166 pa t40766 l40757">that </span><span class="pp-class-166 pa t40766 l9716 ls228">are </span><span class="pp-class-166 pa t40766 l2033 ls2390">observable </span><span class="pp-class-166 pa t40766 l34526">either </span><span class="pp-class-166 pa t40766 l26453 ls461">directly </span><span class="pp-class-166 pa t40766 l10974">or </span><span class="pp-class-166 pa t40766 l42755 ls226">indirectly). </span><span class="pp-class-166 pa t40766 l37355">The </span><span class="pp-class-166 pa t40766 l42756 ls2307">fair </span><span class="pp-class-166 pa t40766 l42757 ls101">value </span><span class="pp-class-166 pa t40771 l3">of </span><span class="pp-class-166 pa t40771 l2457 ls1849">currency </span><span class="pp-class-166 pa t40771 l42758 ls101">derivatives </span><span class="pp-class-166 pa t40771 l42759">is </span><span class="pp-class-166 pa t40771 l42760 ls2022">determined </span><span class="pp-class-166 pa t40771 l42761">based </span><span class="pp-class-166 pa t40771 l38557">on </span><span class="pp-class-166 pa t40771 l27554 ls1217">generally </span><span class="pp-class-166 pa t40771 l19407 ls135">accepted </span><span class="pp-class-166 pa t40771 l42762 ls394">valuation </span><span class="pp-class-166 pa t41981 l3 ls461">methods </span><span class="pp-class-166 pa t41981 l6397">using </span><span class="pp-class-166 pa t41981 l42763 ls394">available </span><span class="pp-class-166 pa t41981 l33129 ls2390">observable </span><span class="pp-class-166 pa t41981 l40161 ls495">market </span><span class="pp-class-166 pa t41981 l42764 ls180">data. </span><span class="pp-class-166 pa t41981 l37260 ls158">Calculated </span><span class="pp-class-166 pa t41981 l18780 ls2307">fair </span><span class="pp-class-166 pa t41981 l42765 ls239">values </span><span class="pp-class-166 pa t41981 l42766 ls228">are </span><span class="pp-class-166 pa t40775 l3 ls394">verified </span><span class="pp-class-166 pa t40775 l40099 ls48">against </span><span class="pp-class-166 pa t40775 l42767 ls1528">comparable </span><span class="pp-class-166 pa t40775 l34706 ls59">external </span><span class="pp-class-166 pa t40775 l42768 ls495">market </span><span class="pp-class-166 pa t40775 l42769 ls2236">quotes </span><span class="pp-class-166 pa t40775 l5371">on </span><span class="pp-class-166 pa t40775 l42770">a </span><span class="pp-class-166 pa t40775 l42771">monthly </span><span class="pp-class-166 pa t40775 l42772">basis.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40782 l3 ls226">Issued </span><span class="pp-class-172 pa t40782 l11492">bonds </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42773 l3 ls239">Issued </span><span class="pp-class-166 pa t42773 l41611">bonds </span><span class="pp-class-166 pa t42773 l26994 ls228">are </span><span class="pp-class-166 pa t42773 l5897 ls1528">measured </span><span class="pp-class-166 pa t42773 l2616">at </span><span class="pp-class-166 pa t42773 l42774 ls2179">amortised </span><span class="pp-class-166 pa t42773 l30702 ls3966">cost. </span><span class="pp-class-166 pa t42773 l42775">The </span><span class="pp-class-166 pa t42773 l42776 ls2307">fair </span><span class="pp-class-166 pa t42773 l20691 ls101">value </span><span class="pp-class-166 pa t42773 l42777">of </span><span class="pp-class-166 pa t42773 l20268 ls239">issued </span><span class="pp-class-166 pa t42773 l3799">bonds </span><span class="pp-class-166 pa t42773 l42778">is </span><span class="pp-class-166 pa t42000 l3 ls2022">determined </span><span class="pp-class-166 pa t42000 l21992">based </span><span class="pp-class-166 pa t42000 l12528">on </span><span class="pp-class-166 pa t42000 l21993 ls2236">quoted </span><span class="pp-class-166 pa t42000 l42779 ls9321">active </span><span class="pp-class-166 pa t42000 l34983 ls495">market </span><span class="pp-class-166 pa t42000 l16262 ls187">prices, </span><span class="pp-class-166 pa t42000 l34157">within </span><span class="pp-class-166 pa t42000 l32806 ls101">level </span><span class="pp-class-166 pa t42000 l42780">1 </span><span class="pp-class-166 pa t42000 l14618">of </span><span class="pp-class-166 pa t42000 l42781">the </span><span class="pp-class-166 pa t42000 l42782 ls2307">fair </span><span class="pp-class-166 pa t42003 l3 ls101">value </span><span class="pp-class-166 pa t42003 l39466 ls5905">hierarchy.</span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40744 l3 ls26738">Fair </span><span class="pp-class-170 pa t40744 l42733 ls1464">value </span><span class="pp-class-170 pa t40744 l3739 ls3123">hierarchy </span><span class="pp-class-170 pa t40744 l42734 ls13149">by </span><span class="pp-class-170 pa t40744 l42735 ls30686">category</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40749 l3 ls1378">Derivative </span><span class="pp-class-172 pa t40749 l41417">financial </span><span class="pp-class-172 pa t40749 l42736 ls239">instruments </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41954 l3">DSV </span><span class="pp-class-166 pa t41954 l202">has </span><span class="pp-class-166 pa t41954 l17851">no </span><span class="pp-class-166 pa t41954 l42737">financial </span><span class="pp-class-166 pa t41954 l29203 ls239">instruments </span><span class="pp-class-166 pa t41954 l26542 ls1528">measured </span><span class="pp-class-166 pa t41954 l42738">at </span><span class="pp-class-166 pa t41954 l42739 ls2307">fair </span><span class="pp-class-166 pa t41954 l38677 ls101">value </span><span class="pp-class-166 pa t41954 l13338">based </span><span class="pp-class-166 pa t41954 l42740">on </span><span class="pp-class-166 pa t41954 l42741 ls101">level </span><span class="pp-class-166 pa t41954 l42742">1 </span><span class="pp-class-166 pa t41954 l42743">input </span><span class="pp-class-166 pa t40756 l3 ls1418">(quoted </span><span class="pp-class-166 pa t40756 l28983 ls9321">active </span><span class="pp-class-166 pa t40756 l21408 ls495">market </span><span class="pp-class-166 pa t40756 l42744 ls187">prices) </span><span class="pp-class-166 pa t40756 l42745">or </span><span class="pp-class-166 pa t40756 l42746 ls101">level </span><span class="pp-class-166 pa t40756 l9453">3 </span><span class="pp-class-166 pa t40756 l18978">input </span><span class="pp-class-166 pa t40756 l42747 ls1625">(non-observable </span><span class="pp-class-166 pa t40756 l42748 ls495">market </span><span class="pp-class-166 pa t40756 l42749 ls1849">data). </span><span class="pp-class-166 pa t40758 l3 ls394">Financial </span><span class="pp-class-166 pa t40758 l563 ls239">instruments </span><span class="pp-class-166 pa t40758 l7668 ls228">are </span><span class="pp-class-166 pa t40758 l26023 ls1528">measured </span><span class="pp-class-166 pa t40758 l39171">based </span><span class="pp-class-166 pa t40758 l42750">on </span><span class="pp-class-166 pa t40758 l42751 ls101">level </span><span class="pp-class-166 pa t40758 l42752">2 </span><span class="pp-class-166 pa t40758 l31469">input </span><span class="pp-class-166 pa t40758 l42753">(input </span><span class="pp-class-166 pa t40758 l13669 ls75">other </span><span class="pp-class-166 pa t40758 l42754">than </span><span class="pp-class-166 pa t40766 l3 ls2236">quoted </span><span class="pp-class-166 pa t40766 l18995 ls740">prices </span><span class="pp-class-166 pa t40766 l40757">that </span><span class="pp-class-166 pa t40766 l9716 ls228">are </span><span class="pp-class-166 pa t40766 l2033 ls2390">observable </span><span class="pp-class-166 pa t40766 l34526">either </span><span class="pp-class-166 pa t40766 l26453 ls461">directly </span><span class="pp-class-166 pa t40766 l10974">or </span><span class="pp-class-166 pa t40766 l42755 ls226">indirectly). </span><span class="pp-class-166 pa t40766 l37355">The </span><span class="pp-class-166 pa t40766 l42756 ls2307">fair </span><span class="pp-class-166 pa t40766 l42757 ls101">value </span><span class="pp-class-166 pa t40771 l3">of </span><span class="pp-class-166 pa t40771 l2457 ls1849">currency </span><span class="pp-class-166 pa t40771 l42758 ls101">derivatives </span><span class="pp-class-166 pa t40771 l42759">is </span><span class="pp-class-166 pa t40771 l42760 ls2022">determined </span><span class="pp-class-166 pa t40771 l42761">based </span><span class="pp-class-166 pa t40771 l38557">on </span><span class="pp-class-166 pa t40771 l27554 ls1217">generally </span><span class="pp-class-166 pa t40771 l19407 ls135">accepted </span><span class="pp-class-166 pa t40771 l42762 ls394">valuation </span><span class="pp-class-166 pa t41981 l3 ls461">methods </span><span class="pp-class-166 pa t41981 l6397">using </span><span class="pp-class-166 pa t41981 l42763 ls394">available </span><span class="pp-class-166 pa t41981 l33129 ls2390">observable </span><span class="pp-class-166 pa t41981 l40161 ls495">market </span><span class="pp-class-166 pa t41981 l42764 ls180">data. </span><span class="pp-class-166 pa t41981 l37260 ls158">Calculated </span><span class="pp-class-166 pa t41981 l18780 ls2307">fair </span><span class="pp-class-166 pa t41981 l42765 ls239">values </span><span class="pp-class-166 pa t41981 l42766 ls228">are </span><span class="pp-class-166 pa t40775 l3 ls394">verified </span><span class="pp-class-166 pa t40775 l40099 ls48">against </span><span class="pp-class-166 pa t40775 l42767 ls1528">comparable </span><span class="pp-class-166 pa t40775 l34706 ls59">external </span><span class="pp-class-166 pa t40775 l42768 ls495">market </span><span class="pp-class-166 pa t40775 l42769 ls2236">quotes </span><span class="pp-class-166 pa t40775 l5371">on </span><span class="pp-class-166 pa t40775 l42770">a </span><span class="pp-class-166 pa t40775 l42771">monthly </span><span class="pp-class-166 pa t40775 l42772">basis.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40782 l3 ls226">Issued </span><span class="pp-class-172 pa t40782 l11492">bonds </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42773 l3 ls239">Issued </span><span class="pp-class-166 pa t42773 l41611">bonds </span><span class="pp-class-166 pa t42773 l26994 ls228">are </span><span class="pp-class-166 pa t42773 l5897 ls1528">measured </span><span class="pp-class-166 pa t42773 l2616">at </span><span class="pp-class-166 pa t42773 l42774 ls2179">amortised </span><span class="pp-class-166 pa t42773 l30702 ls3966">cost. </span><span class="pp-class-166 pa t42773 l42775">The </span><span class="pp-class-166 pa t42773 l42776 ls2307">fair </span><span class="pp-class-166 pa t42773 l20691 ls101">value </span><span class="pp-class-166 pa t42773 l42777">of </span><span class="pp-class-166 pa t42773 l20268 ls239">issued </span><span class="pp-class-166 pa t42773 l3799">bonds </span><span class="pp-class-166 pa t42773 l42778">is </span><span class="pp-class-166 pa t42000 l3 ls2022">determined </span><span class="pp-class-166 pa t42000 l21992">based </span><span class="pp-class-166 pa t42000 l12528">on </span><span class="pp-class-166 pa t42000 l21993 ls2236">quoted </span><span class="pp-class-166 pa t42000 l42779 ls9321">active </span><span class="pp-class-166 pa t42000 l34983 ls495">market </span><span class="pp-class-166 pa t42000 l16262 ls187">prices, </span><span class="pp-class-166 pa t42000 l34157">within </span><span class="pp-class-166 pa t42000 l32806 ls101">level </span><span class="pp-class-166 pa t42000 l42780">1 </span><span class="pp-class-166 pa t42000 l14618">of </span><span class="pp-class-166 pa t42000 l42781">the </span><span class="pp-class-166 pa t42000 l42782 ls2307">fair </span><span class="pp-class-166 pa t42003 l3 ls101">value </span><span class="pp-class-166 pa t42003 l39466 ls5905">hierarchy.</span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t40782 l3 ls226">Issued </span><span class="pp-class-172 pa t40782 l11492">bonds </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42773 l3 ls239">Issued </span><span class="pp-class-166 pa t42773 l41611">bonds </span><span class="pp-class-166 pa t42773 l26994 ls228">are </span><span class="pp-class-166 pa t42773 l5897 ls1528">measured </span><span class="pp-class-166 pa t42773 l2616">at </span><span class="pp-class-166 pa t42773 l42774 ls2179">amortised </span><span class="pp-class-166 pa t42773 l30702 ls3966">cost. </span><span class="pp-class-166 pa t42773 l42775">The </span><span class="pp-class-166 pa t42773 l42776 ls2307">fair </span><span class="pp-class-166 pa t42773 l20691 ls101">value </span><span class="pp-class-166 pa t42773 l42777">of </span><span class="pp-class-166 pa t42773 l20268 ls239">issued </span><span class="pp-class-166 pa t42773 l3799">bonds </span><span class="pp-class-166 pa t42773 l42778">is </span><span class="pp-class-166 pa t42000 l3 ls2022">determined </span><span class="pp-class-166 pa t42000 l21992">based </span><span class="pp-class-166 pa t42000 l12528">on </span><span class="pp-class-166 pa t42000 l21993 ls2236">quoted </span><span class="pp-class-166 pa t42000 l42779 ls9321">active </span><span class="pp-class-166 pa t42000 l34983 ls495">market </span><span class="pp-class-166 pa t42000 l16262 ls187">prices, </span><span class="pp-class-166 pa t42000 l34157">within </span><span class="pp-class-166 pa t42000 l32806 ls101">level </span><span class="pp-class-166 pa t42000 l42780">1 </span><span class="pp-class-166 pa t42000 l14618">of </span><span class="pp-class-166 pa t42000 l42781">the </span><span class="pp-class-166 pa t42000 l42782 ls2307">fair </span><span class="pp-class-166 pa t42003 l3 ls101">value </span><span class="pp-class-166 pa t42003 l39466 ls5905">hierarchy.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42017 l3 ls2307">Overdraft </span><span class="pp-class-172 pa t42017 l42783">and </span><span class="pp-class-172 pa t42017 l42784 ls2236">credit </span><span class="pp-class-172 pa t42017 l32610 ls826">facilities</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42024 l3">The </span><span class="pp-class-166 pa t42024 l1525 ls205">carrying </span><span class="pp-class-166 pa t42024 l38408">amount </span><span class="pp-class-166 pa t42024 l5440">of </span><span class="pp-class-166 pa t42024 l38409 ls2061">overdraft </span><span class="pp-class-166 pa t42024 l9679">and </span><span class="pp-class-166 pa t42024 l32131 ls564">credit </span><span class="pp-class-166 pa t42024 l10474 ls187">facilities </span><span class="pp-class-166 pa t42024 l14722 ls1528">measured </span><span class="pp-class-166 pa t42024 l42785">at </span><span class="pp-class-166 pa t42024 l42786 ls2179">amortised </span><span class="pp-class-166 pa t42029 l3 ls3490">cost </span><span class="pp-class-166 pa t42029 l10527">is </span><span class="pp-class-166 pa t42029 l26204 ls1528">not </span><span class="pp-class-166 pa t42029 l42526 ls564">considered </span><span class="pp-class-166 pa t42029 l6744 ls135">to </span><span class="pp-class-166 pa t42029 l18123 ls189">differ </span><span class="pp-class-166 pa t42029 l42787 ls158">significantly </span><span class="pp-class-166 pa t42029 l42788 ls267">from </span><span class="pp-class-166 pa t42029 l42789">the </span><span class="pp-class-166 pa t42029 l6279 ls2307">fair </span><span class="pp-class-166 pa t42029 l42790 ls101">value.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42042 l3 ls1462">Trade </span><span class="pp-class-172 pa t42042 l42791 ls564">receivables, </span><span class="pp-class-172 pa t42042 l42792 ls2061">trade </span><span class="pp-class-172 pa t42042 l42793 ls158">payables </span><span class="pp-class-172 pa t42042 l42794">and </span><span class="pp-class-172 pa t42042 l42795 ls164">other </span><span class="pp-class-172 pa t42042 l42796 ls1430">receivables</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42051 l3 ls946">Receivables </span><span class="pp-class-166 pa t42051 l9885">and </span><span class="pp-class-166 pa t42051 l3454 ls394">payables </span><span class="pp-class-166 pa t42051 l15062">pertaining </span><span class="pp-class-166 pa t42051 l6551 ls135">to </span><span class="pp-class-166 pa t42051 l39557 ls1217">operating </span><span class="pp-class-166 pa t42051 l42797 ls3593">activities </span><span class="pp-class-166 pa t42051 l14157">with </span><span class="pp-class-166 pa t42051 l34487 ls2030">short </span><span class="pp-class-166 pa t42051 l13545">churn </span><span class="pp-class-166 pa t42798 l3 ls2540">ratios </span><span class="pp-class-166 pa t42798 l42799 ls228">are </span><span class="pp-class-166 pa t42798 l1781 ls564">considered </span><span class="pp-class-166 pa t42798 l42800 ls135">to </span><span class="pp-class-166 pa t42798 l42801 ls48">have </span><span class="pp-class-166 pa t42798 l42802">a </span><span class="pp-class-166 pa t42798 l38444 ls205">carrying </span><span class="pp-class-166 pa t42798 l42803">amount </span><span class="pp-class-166 pa t42798 l42804">equal </span><span class="pp-class-166 pa t42798 l42805 ls135">to </span><span class="pp-class-166 pa t42798 l42806 ls2307">fair </span><span class="pp-class-166 pa t42798 l6239 ls239">value. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42055 l3 ls3593">Cash </span><span class="pp-class-172 pa t42055 l10969">and </span><span class="pp-class-172 pa t42055 l22300 ls234">cash </span><span class="pp-class-172 pa t42055 l42807 ls239">equivalents</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42064 l3">The </span><span class="pp-class-166 pa t42064 l1525 ls205">carrying </span><span class="pp-class-166 pa t42064 l38408">amount </span><span class="pp-class-166 pa t42064 l5440">of </span><span class="pp-class-166 pa t42064 l38409 ls923">cash </span><span class="pp-class-166 pa t42064 l42808">and </span><span class="pp-class-166 pa t42064 l26542 ls923">cash </span><span class="pp-class-166 pa t42064 l22137 ls205">equivalents </span><span class="pp-class-166 pa t42064 l42809">is </span><span class="pp-class-166 pa t42064 l36344 ls1528">not </span><span class="pp-class-166 pa t42064 l42810 ls564">considered </span><span class="pp-class-166 pa t42064 l11016 ls135">to </span><span class="pp-class-166 pa t42064 l28630 ls189">differ </span><span class="pp-class-166 pa t42073 l3 ls158">significantly </span><span class="pp-class-166 pa t42073 l31619 ls267">from </span><span class="pp-class-166 pa t42073 l5743">the </span><span class="pp-class-166 pa t42073 l42811 ls2307">fair </span><span class="pp-class-166 pa t42073 l10292 ls101">value.</span></p><div class="pp-class-4" id="pp-id-4472" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h42812 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l42813 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l42814">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t33223 l3 ls2349">Financial </span><span class="pp-class-170 pa t33223 l4040 ls2786">instruments </span><span class="pp-class-170 pa t33223 l42815 ls1866">by </span><span class="pp-class-170 pa t33223 l42816 ls7002">category</span><span class="pp-class-166 pa t33223 l42817"/><span class="pp-class-166 pa t33223 l42818">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42819 ls3593">Carrying </span><span class="pp-class-166 pa t33223 l42820">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42821 ls3342">Fair </span><span class="pp-class-166 pa t33223 l42822 ls48">value</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42823 ls3593">Carrying </span><span class="pp-class-166 pa t33223 l42824">amount</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33223 l42825 ls3342">Fair </span><span class="pp-class-166 pa t33223 l41394 ls48">value</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t37512 l3 ls101">Financial </span><span class="pp-class-172 pa t37512 l23490 ls127">assets:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l3 ls187">Currency </span><span class="pp-class-166 pa t33005 l20971 ls158">derivatives</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l42826">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l42827">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l42828">5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33005 l41345">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l3 ls1462">Trade </span><span class="pp-class-166 pa t42829 l8738 ls4405">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l42830">45,130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l42831">45,130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l42832">27,222</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42829 l37820">27,222</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l3">Other </span><span class="pp-class-166 pa t42833 l4385 ls4405">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l42830">11,172</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l42831">11,172</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l42834">7,668</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42833 l38235">7,668</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l3 ls4015">Cash </span><span class="pp-class-166 pa t42835 l2927">and </span><span class="pp-class-166 pa t42835 l35112 ls923">cash </span><span class="pp-class-166 pa t42835 l1854 ls205">equivalents</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l42830">13,179</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l42831">13,179</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l42832">83,576</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42835 l37820">83,576</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l3 ls101">Financial </span><span class="pp-class-170 pa t42836 l42837 ls226">assets </span><span class="pp-class-170 pa t42836 l42838 ls851">measured </span><span class="pp-class-170 pa t42836 l42839">at </span><span class="pp-class-170 pa t42836 l42840 ls4015">amortised </span><span class="pp-class-170 pa t42836 l42841 ls946">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l42842">69,481</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l42843">69,481</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l42844">118,466</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42836 l42845">118,466</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42846 l3 ls101">Financial </span><span class="pp-class-172 pa t42846 l23490 ls3966">liabilities:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l3 ls187">Currency </span><span class="pp-class-166 pa t42847 l20971 ls158">derivatives</span></p></div><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l42848">4</span></p></div><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l42849">4</span></p></div><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l42850">63</span></p></div><div xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42847 l42219">63</span></p></div></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l3 ls239">Issued </span><span class="pp-class-166 pa t42851 l41611">bonds</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l42830">60,928</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l42831">58,693</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l42832">60,782</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42851 l37820">58,813</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l3 ls2061">Overdraft </span><span class="pp-class-166 pa t42852 l39979">and </span><span class="pp-class-166 pa t42852 l41538 ls564">credit </span><span class="pp-class-166 pa t42852 l41539 ls75">facilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l42853">6,077</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l42854">6,077</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l42855">362</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42852 l38253">362</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l3 ls1462">Trade </span><span class="pp-class-166 pa t42856 l8738 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l42830">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l42831">23,493</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l42832">14,456</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42856 l37820">14,456</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l3 ls101">Financial </span><span class="pp-class-170 pa t42857 l42837">liabilities </span><span class="pp-class-170 pa t42857 l42858 ls851">measured </span><span class="pp-class-170 pa t42857 l42859">at </span><span class="pp-class-170 pa t42857 l42860 ls4015">amortised </span><span class="pp-class-170 pa t42857 l42861 ls946">cost</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l42842">90,498</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l42843">88,263</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l42862">75,600</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42857 l42863">73,631</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4476" xmlns="http://www.w3.org/1999/xhtml"><div class="w42914 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">5.1 </span><span class="pp-class-169 pa t254 l37093 ls34698">Income </span><span class="pp-class-169 pa t254 l42915 ls15736">tax</span></p></div></div><div class="pp-class-4" id="pp-id-4477" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42916 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42917 l3 ls5287">Accounting </span><span class="pp-class-170 pa t42917 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42918 l3 ls34869">Tax </span><span class="pp-class-166 pa t42918 l34870 ls228">for </span><span class="pp-class-166 pa t42918 l42919">the </span><span class="pp-class-166 pa t42918 l34585 ls48">year </span><span class="pp-class-166 pa t42918 l8931 ls1428">comprises </span><span class="pp-class-166 pa t42918 l34705 ls702">current </span><span class="pp-class-166 pa t42918 l42920">and </span><span class="pp-class-166 pa t42918 l34467 ls228">deferred </span><span class="pp-class-166 pa t42918 l42921 ls946">tax </span><span class="pp-class-166 pa t42918 l42922">on </span><span class="pp-class-166 pa t42918 l42923 ls564">profit </span><span class="pp-class-166 pa t42918 l18953">or </span><span class="pp-class-166 pa t42918 l42924 ls48">loss </span><span class="pp-class-166 pa t42918 l42925 ls228">for </span><span class="pp-class-166 pa t42918 l7809">the </span><span class="pp-class-166 pa t42926 l3 ls48">year </span><span class="pp-class-166 pa t42926 l14491">including </span><span class="pp-class-166 pa t42926 l42927">global </span><span class="pp-class-166 pa t42926 l42928">minimum </span><span class="pp-class-166 pa t42926 l20743 ls740">top-up </span><span class="pp-class-166 pa t42926 l42929 ls1740">taxes, </span><span class="pp-class-166 pa t42926 l42930">penalties </span><span class="pp-class-166 pa t42926 l42931 ls1766">related </span><span class="pp-class-166 pa t42926 l25831 ls135">to </span><span class="pp-class-166 pa t42926 l42932">pending </span><span class="pp-class-166 pa t42926 l42933 ls946">tax </span><span class="pp-class-166 pa t42934 l3 ls234">disputes </span><span class="pp-class-166 pa t42934 l34689">and </span><span class="pp-class-166 pa t42934 l42935 ls239">adjustments </span><span class="pp-class-166 pa t42934 l42936 ls135">to </span><span class="pp-class-166 pa t42934 l42937 ls66">previous </span><span class="pp-class-166 pa t42934 l42938 ls239">years, </span><span class="pp-class-166 pa t42934 l42939">including </span><span class="pp-class-166 pa t42934 l42940 ls239">adjustments </span><span class="pp-class-166 pa t42934 l39494">due </span><span class="pp-class-166 pa t42934 l7036 ls135">to </span><span class="pp-class-166 pa t42934 l42941 ls946">tax </span><span class="pp-class-166 pa t42942 l3">rulings. </span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42943 l3 ls23013">Income </span><span class="pp-class-170 pa t42943 l42944 ls2273">tax</span><span class="pp-class-166 pa t42943 l4134"/><span class="pp-class-166 pa t42943 l4130">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42943 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42943 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42945 l3 ls34869">Tax </span><span class="pp-class-166 pa t42945 l34870">on </span><span class="pp-class-166 pa t42945 l32458 ls564">profit </span><span class="pp-class-166 pa t42945 l27576 ls228">for </span><span class="pp-class-166 pa t42945 l15639">the </span><span class="pp-class-166 pa t42945 l10459 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42945 l32699">3,684</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42945 l28456">3,248</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42946 l3 ls34869">Tax </span><span class="pp-class-166 pa t42946 l34870">on </span><span class="pp-class-166 pa t42946 l32458 ls75">other </span><span class="pp-class-166 pa t42946 l42947">changes </span><span class="pp-class-166 pa t42946 l42948">in </span><span class="pp-class-166 pa t42946 l895 ls1094">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42946 l42507">(70)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42946 l40006">(130)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42949 l3 ls34869">Tax </span><span class="pp-class-166 pa t42949 l34870">on </span><span class="pp-class-166 pa t42949 l32458 ls75">other </span><span class="pp-class-166 pa t42949 l42947 ls495">comprehensive </span><span class="pp-class-166 pa t42949 l42950 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42949 l28209">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42949 l28132">136</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42951 l3 ls15293">Total </span><span class="pp-class-170 pa t42951 l34893 ls2275">tax </span><span class="pp-class-170 pa t42951 l42952 ls7958">for </span><span class="pp-class-170 pa t42951 l42953 ls1853">the </span><span class="pp-class-170 pa t42951 l42954 ls2660">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42951 l41458 ls2690">3,642</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42951 l37967 ls2690">3,254</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42955 l3 ls1430">Current </span><span class="pp-class-166 pa t42955 l20615 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42955 l32699">3,816</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42955 l28456">3,591</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42956 l3 ls228">Deferred </span><span class="pp-class-166 pa t42956 l13539 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42956 l28209">33</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42956 l40006">(169)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42957 l3 ls34869">Tax </span><span class="pp-class-166 pa t42957 l34870 ls239">adjustment </span><span class="pp-class-166 pa t42957 l3564 ls66">relating </span><span class="pp-class-166 pa t42957 l42958 ls135">to </span><span class="pp-class-166 pa t42957 l42959 ls66">previous </span><span class="pp-class-166 pa t42957 l32804 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42957 l42501">(165)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42957 l40006">(174)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42960 l3 ls15293">Total </span><span class="pp-class-170 pa t42960 l34893 ls2275">tax </span><span class="pp-class-170 pa t42960 l42952 ls1866">on </span><span class="pp-class-170 pa t42960 l8614 ls6383">profit </span><span class="pp-class-170 pa t42960 l42961 ls7958">for </span><span class="pp-class-170 pa t42960 l42962 ls1853">the </span><span class="pp-class-170 pa t42960 l42963 ls2660">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42960 l41458 ls2690">3,684</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42960 l37967 ls2690">3,248</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42964 l3 ls42965">Tax </span><span class="pp-class-166 pa t42964 l42966 ls1866">on </span><span class="pp-class-166 pa t42964 l21407 ls1186">fair </span><span class="pp-class-166 pa t42964 l25820 ls1536">value </span><span class="pp-class-166 pa t42964 l42967 ls18249">adjustment </span><span class="pp-class-166 pa t42964 l42968 ls1866">of </span><span class="pp-class-166 pa t42964 l42969 ls2660">hedging </span><span class="pp-class-166 pa t42964 l6419 ls2660">instruments </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42964 l32744">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42964 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42970 l3 ls34869">Tax </span><span class="pp-class-166 pa t42970 l34870">on </span><span class="pp-class-166 pa t42970 l32458 ls2030">actuarial </span><span class="pp-class-166 pa t42970 l4972">gains </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42970 l28209">25</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42970 l28132">135</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42971 l3 ls15293">Total </span><span class="pp-class-170 pa t42971 l34893 ls2275">tax </span><span class="pp-class-170 pa t42971 l42952 ls1866">on </span><span class="pp-class-170 pa t42971 l8614 ls2688">other </span><span class="pp-class-170 pa t42971 l42972 ls2700">comprehensive </span><span class="pp-class-170 pa t42971 l42973 ls6801">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42971 l42974 ls2307">28</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42971 l38178 ls1866">136</span></p></td></tr></table></div></div><div id="pp-id-4478" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h42975 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls6700">Tax </span><span class="pp-class-170 pa t34823 l42976 ls33411">rate</span><span class="pp-class-166 pa t34823 l42977"/><span class="pp-class-166 pa t34823 l28904">(%) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls158">Calculated </span><span class="pp-class-166 pa t34827 l15437 ls946">tax </span><span class="pp-class-166 pa t34827 l29212">on </span><span class="pp-class-166 pa t34827 l42978 ls564">profit </span><span class="pp-class-166 pa t34827 l42979 ls228">for </span><span class="pp-class-166 pa t34827 l26614">the </span><span class="pp-class-166 pa t34827 l42980 ls48">year </span><span class="pp-class-166 pa t34827 l26849 ls1498">before </span><span class="pp-class-166 pa t34827 l42981 ls1444">tax</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l42474">22.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l40662">22.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls239">Adjustment </span><span class="pp-class-166 pa t35090 l42982">of </span><span class="pp-class-166 pa t35090 l26064 ls2022">calculated </span><span class="pp-class-166 pa t35090 l15449 ls946">tax </span><span class="pp-class-166 pa t35090 l42983">in </span><span class="pp-class-166 pa t35090 l42984 ls228">foreign </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41449 l3 ls497">Group </span><span class="pp-class-166 pa t41449 l1132">entities </span><span class="pp-class-166 pa t41449 l13646 ls1528">relative </span><span class="pp-class-166 pa t41449 l42985 ls135">to </span><span class="pp-class-166 pa t41449 l42986">22.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41449 l42987">(0.1%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41449 l40653">1.9%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42988 l3">Change </span><span class="pp-class-166 pa t42988 l34384">in </span><span class="pp-class-166 pa t42988 l25851 ls228">deferred </span><span class="pp-class-166 pa t42988 l42989 ls946">tax </span><span class="pp-class-166 pa t42988 l42990">based </span><span class="pp-class-166 pa t42988 l42991">on </span><span class="pp-class-166 pa t42988 l30054">change </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42992 l3">in </span><span class="pp-class-166 pa t42992 l1746 ls740">income </span><span class="pp-class-166 pa t42992 l42993 ls946">tax </span><span class="pp-class-166 pa t42992 l42994 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42992 l42472">0.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42992 l40653">0.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t42995 l3 ls3135">Tax </span><span class="pp-class-172 pa t42995 l42996 ls239">effect </span><span class="pp-class-172 pa t42995 l11633 ls33958">of:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42997 l3 ls3185">Non-deductible </span><span class="pp-class-166 pa t42997 l31485 ls1428">expenses/non-taxable </span><span class="pp-class-166 pa t42997 l42998 ls189">income</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42997 l42987">(0.1%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42997 l40653">2.1%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42999 l3 ls3185">Non-deductible </span><span class="pp-class-166 pa t42999 l31485 ls428">losses/non-taxable </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43000 l3">gains </span><span class="pp-class-166 pa t43000 l12913">on </span><span class="pp-class-166 pa t43000 l13551 ls497">shares</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43000 l42472">6.9%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43000 l43001">(2.0%)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43002 l3 ls34869">Tax </span><span class="pp-class-166 pa t43002 l34870 ls239">adjustment </span><span class="pp-class-166 pa t43002 l3564 ls66">relating </span><span class="pp-class-166 pa t43002 l42958 ls135">to </span><span class="pp-class-166 pa t43002 l42959 ls66">previous </span><span class="pp-class-166 pa t43002 l32804 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43002 l42987">(1.2%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43002 l43001">(1.2%)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43003 l3 ls34869">Tax </span><span class="pp-class-166 pa t43003 l34870 ls1428">asset </span><span class="pp-class-166 pa t43003 l4149 ls394">valuation </span><span class="pp-class-166 pa t43003 l43004 ls455">adjustments, </span><span class="pp-class-166 pa t43003 l3382 ls826">net</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43003 l42987">(0.2%)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43003 l43001">(0.2%)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43005 l3">Other </span><span class="pp-class-166 pa t43005 l4385 ls2236">taxes </span><span class="pp-class-166 pa t43005 l9995">and </span><span class="pp-class-166 pa t43005 l43006 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43005 l42472">3.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43005 l40653">1.6%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43007 l3 ls1174">Effective </span><span class="pp-class-170 pa t43007 l2561 ls2275">tax </span><span class="pp-class-170 pa t43007 l43008 ls8143">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43007 l43009 ls2690">30.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43007 l43010 ls2690">24.2%</span></p></td></tr></table></div></div><div id="pp-id-4479" xmlns="http://www.w3.org/1999/xhtml"><div class="w43011 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">5.1 </span><span class="pp-class-169 pa t254 l37093 ls34698">Income </span><span class="pp-class-169 pa t254 l42915 ls33072">tax </span><span class="pp-class-169 pa t254 l43012 ls1180">— </span><span class="pp-class-169 pa t254 l43013 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4480" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h43014 pa t2 l3 wtro4 xx43015 tro6 xx43016"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t43017 l3 ls1858">Global </span><span class="pp-class-170 pa t43017 l21015 ls2660">minimum </span><span class="pp-class-170 pa t43017 l43018 ls2275">top-up </span><span class="pp-class-170 pa t43017 l43019 ls2275">tax</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43020 l3">Pillar </span><span class="pp-class-166 pa t43020 l9706 ls8143">Two </span><span class="pp-class-166 pa t43020 l27208">aims </span><span class="pp-class-166 pa t43020 l43021 ls135">to </span><span class="pp-class-166 pa t43020 l4388 ls1410">address </span><span class="pp-class-166 pa t43020 l24034">Base </span><span class="pp-class-166 pa t43020 l43022 ls856">Erosion </span><span class="pp-class-166 pa t43020 l43023">and </span><span class="pp-class-166 pa t43020 l43024 ls1866">Profit </span><span class="pp-class-166 pa t43020 l35968 ls1732">Shifting </span><span class="pp-class-166 pa t43020 l43025">(BEPS) </span><span class="pp-class-166 pa t43020 l43026">by </span><span class="pp-class-166 pa t43020 l5701 ls66">introduc-</span><span class="pp-class-166 pa t43027 l3">ing </span><span class="pp-class-166 pa t43027 l2182">a </span><span class="pp-class-166 pa t43027 l12280">global </span><span class="pp-class-166 pa t43027 l43028">minimum </span><span class="pp-class-166 pa t43027 l43029 ls946">tax </span><span class="pp-class-166 pa t43027 l43030 ls5905">rate </span><span class="pp-class-166 pa t43027 l10904">of </span><span class="pp-class-166 pa t43027 l43031">15 </span><span class="pp-class-166 pa t43027 l14753">% </span><span class="pp-class-166 pa t43027 l7634">and </span><span class="pp-class-166 pa t43027 l18795">implementing </span><span class="pp-class-166 pa t43027 l30384 ls946">tax </span><span class="pp-class-166 pa t43027 l10600">legislation </span><span class="pp-class-166 pa t43027 l11340 ls228">for </span><span class="pp-class-166 pa t43027 l43032">the </span><span class="pp-class-166 pa t43033 l3 ls1026">allocation </span><span class="pp-class-166 pa t43033 l2654">of </span><span class="pp-class-166 pa t43033 l33793 ls1849">taxing </span><span class="pp-class-166 pa t43033 l27028">rights. </span><span class="pp-class-166 pa t43033 l8932 ls2388">As </span><span class="pp-class-166 pa t43033 l43034">of </span><span class="pp-class-166 pa t43033 l31257">the </span><span class="pp-class-166 pa t43033 l43035 ls1428">reporting </span><span class="pp-class-166 pa t43033 l18715 ls189">date, </span><span class="pp-class-166 pa t43033 l22372">legislation </span><span class="pp-class-166 pa t43033 l39671">implementing </span><span class="pp-class-166 pa t43036 l3">Pillar </span><span class="pp-class-166 pa t43036 l9706 ls8143">Two </span><span class="pp-class-166 pa t43036 l27208">has </span><span class="pp-class-166 pa t43036 l21706">been </span><span class="pp-class-166 pa t43036 l20271 ls86">substantively </span><span class="pp-class-166 pa t43036 l43037 ls182">enacted </span><span class="pp-class-166 pa t43036 l27840">in </span><span class="pp-class-166 pa t43036 l6834 ls48">over </span><span class="pp-class-166 pa t43036 l35475">50 </span><span class="pp-class-166 pa t43036 l37304 ls3185">jurisdictions. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43038 l3">In </span><span class="pp-class-166 pa t43038 l1589">2024, </span><span class="pp-class-166 pa t43038 l1590">the </span><span class="pp-class-166 pa t43038 l1591 ls1165">Group’s </span><span class="pp-class-166 pa t43038 l43039 ls234">ultimate </span><span class="pp-class-166 pa t43038 l40623 ls1839">parent, </span><span class="pp-class-166 pa t43038 l43040">based </span><span class="pp-class-166 pa t43038 l5090">in </span><span class="pp-class-166 pa t43038 l43041">Denmark, </span><span class="pp-class-166 pa t43038 l43042 ls93">became </span><span class="pp-class-166 pa t43038 l43043 ls4267">subject </span><span class="pp-class-166 pa t43038 l43044 ls135">to </span><span class="pp-class-166 pa t43045 l3">legislation, </span><span class="pp-class-166 pa t43045 l23900">which </span><span class="pp-class-166 pa t43045 l33664 ls59">extended </span><span class="pp-class-166 pa t43045 l15342">the </span><span class="pp-class-166 pa t43045 l42292 ls226">application </span><span class="pp-class-166 pa t43045 l43046 ls135">to </span><span class="pp-class-166 pa t43045 l43047">all </span><span class="pp-class-166 pa t43045 l31946">the </span><span class="pp-class-166 pa t43045 l26214">subsidiaries </span><span class="pp-class-166 pa t43045 l38560">of </span><span class="pp-class-166 pa t43045 l43048">the </span><span class="pp-class-166 pa t43045 l29024 ls497">Group.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43049 l3 ls2388">As </span><span class="pp-class-166 pa t43049 l4418">of </span><span class="pp-class-166 pa t43049 l4624">31 </span><span class="pp-class-166 pa t43049 l25595 ls234">December </span><span class="pp-class-166 pa t43049 l16266">2025, </span><span class="pp-class-166 pa t43049 l43050 ls497">there </span><span class="pp-class-166 pa t43049 l43051 ls228">are </span><span class="pp-class-166 pa t43049 l43052">no </span><span class="pp-class-166 pa t43049 l21593 ls226">indications </span><span class="pp-class-166 pa t43049 l43053">that </span><span class="pp-class-166 pa t43049 l43054">the </span><span class="pp-class-166 pa t43049 l43055 ls740">top-up </span><span class="pp-class-166 pa t43049 l43056 ls946">tax </span><span class="pp-class-166 pa t43049 l15999">will </span><span class="pp-class-166 pa t43057 l3 ls48">have </span><span class="pp-class-166 pa t43057 l1804 ls234">material </span><span class="pp-class-166 pa t43057 l16508 ls1636">impact </span><span class="pp-class-166 pa t43057 l20182">on </span><span class="pp-class-166 pa t43057 l18719">the </span><span class="pp-class-166 pa t43057 l18720 ls564">Group. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43058 l3">The </span><span class="pp-class-166 pa t43058 l1525 ls1165">Group’s </span><span class="pp-class-166 pa t43058 l41681 ls158">assessment </span><span class="pp-class-166 pa t43058 l14075 ls3962">incorporated </span><span class="pp-class-166 pa t43058 l10554">the </span><span class="pp-class-166 pa t43058 l43059 ls234">Schenker </span><span class="pp-class-166 pa t43058 l39162 ls86">acquisition </span><span class="pp-class-166 pa t43058 l43060">and </span><span class="pp-class-166 pa t43058 l43061 ls1766">related </span><span class="pp-class-166 pa t43062 l3 ls66">integration </span><span class="pp-class-166 pa t43062 l2161 ls750">transactions. </span><span class="pp-class-166 pa t43062 l43063">Although </span><span class="pp-class-166 pa t43062 l43064">Pillar </span><span class="pp-class-166 pa t43062 l4910 ls8143">Two </span><span class="pp-class-166 pa t43062 l43065 ls946">tax </span><span class="pp-class-166 pa t43062 l43066 ls1502">exposure </span><span class="pp-class-166 pa t43062 l43067 ls856">remains </span><span class="pp-class-166 pa t43062 l43068 ls86">immaterial, </span><span class="pp-class-166 pa t43069 l3">the </span><span class="pp-class-166 pa t43069 l1913 ls2236">transaction </span><span class="pp-class-166 pa t43069 l43070 ls265">caused </span><span class="pp-class-166 pa t43069 l43071 ls3962">additional </span><span class="pp-class-166 pa t43069 l21025 ls2476">jurisdictions </span><span class="pp-class-166 pa t43069 l43072 ls96">to </span><span class="pp-class-166 pa t43069 l36311 ls115">fail </span><span class="pp-class-166 pa t43069 l10984 ls1528">the </span><span class="pp-class-166 pa t43069 l43073 ls7692">Transitional </span><span class="pp-class-166 pa t43069 l43074 ls1740">CbCR </span><span class="pp-class-166 pa t43069 l43075 ls2786">Safe </span><span class="pp-class-166 pa t43076 l3 ls7002">Harbour, </span><span class="pp-class-166 pa t43076 l563 ls455">leading </span><span class="pp-class-166 pa t43076 l43077 ls135">to </span><span class="pp-class-166 pa t43076 l43078 ls1683">expanded </span><span class="pp-class-166 pa t43076 l12594 ls946">compliance </span><span class="pp-class-166 pa t43076 l43079">obligations.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43080 l3">The </span><span class="pp-class-166 pa t43080 l1525 ls740">top-up </span><span class="pp-class-166 pa t43080 l15150 ls2236">taxes </span><span class="pp-class-166 pa t43080 l7538 ls228">for </span><span class="pp-class-166 pa t43080 l42734">2025 </span><span class="pp-class-166 pa t43080 l43081 ls228">are </span><span class="pp-class-166 pa t43080 l10989">primarily </span><span class="pp-class-166 pa t43080 l43082 ls1444">incurred </span><span class="pp-class-166 pa t43080 l43083">due </span><span class="pp-class-166 pa t43080 l43084 ls135">to </span><span class="pp-class-166 pa t43080 l33748">low </span><span class="pp-class-166 pa t43080 l43085 ls180">statutory </span><span class="pp-class-166 pa t43080 l43086 ls946">tax </span><span class="pp-class-166 pa t43080 l43087 ls54">rates </span><span class="pp-class-166 pa t43088 l3">and </span><span class="pp-class-166 pa t43088 l1192">will </span><span class="pp-class-166 pa t43088 l30069">mainly </span><span class="pp-class-166 pa t43088 l43089">be </span><span class="pp-class-166 pa t43088 l43090">due </span><span class="pp-class-166 pa t43088 l40474">in </span><span class="pp-class-166 pa t43088 l43091">the </span><span class="pp-class-166 pa t43088 l36954 ls740">second </span><span class="pp-class-166 pa t43088 l43092">half </span><span class="pp-class-166 pa t43088 l43093">of </span><span class="pp-class-166 pa t43088 l25753">2027. </span><span class="pp-class-166 pa t43088 l43094">In </span><span class="pp-class-166 pa t43088 l43095 ls461">most </span><span class="pp-class-166 pa t43088 l42391">of </span><span class="pp-class-166 pa t43088 l39957">the </span><span class="pp-class-166 pa t43088 l43096 ls457">jurisdictions </span><span class="pp-class-166 pa t43097 l3 ls497">where </span><span class="pp-class-166 pa t43097 l21407">the </span><span class="pp-class-166 pa t43097 l11271 ls497">Group </span><span class="pp-class-166 pa t43097 l43098 ls1528">was </span><span class="pp-class-166 pa t43097 l43099 ls856">present </span><span class="pp-class-166 pa t43097 l43100">during </span><span class="pp-class-166 pa t43097 l38594">the </span><span class="pp-class-166 pa t43097 l12312 ls93">fiscal </span><span class="pp-class-166 pa t43097 l43101 ls48">year </span><span class="pp-class-166 pa t43097 l20768">2025, </span><span class="pp-class-166 pa t43097 l43102">the </span><span class="pp-class-166 pa t43097 l43103 ls497">Group </span><span class="pp-class-166 pa t43097 l6910">is </span><span class="pp-class-166 pa t43097 l3738">eligible </span><span class="pp-class-166 pa t43104 l3 ls228">for </span><span class="pp-class-166 pa t43104 l2086">the </span><span class="pp-class-166 pa t43104 l2543 ls2980">Transitional </span><span class="pp-class-166 pa t43104 l43105">CbCR </span><span class="pp-class-166 pa t43104 l1762 ls267">Safe </span><span class="pp-class-166 pa t43104 l36454 ls1396">Harbour. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43106 l3">In </span><span class="pp-class-166 pa t43106 l1589 ls228">accordance </span><span class="pp-class-166 pa t43106 l22742">with </span><span class="pp-class-166 pa t43106 l7221">IAS </span><span class="pp-class-166 pa t43106 l30295">12 </span><span class="pp-class-166 pa t43106 l31668">amendments </span><span class="pp-class-166 pa t43106 l31813 ls239">issued </span><span class="pp-class-166 pa t43106 l43107">by </span><span class="pp-class-166 pa t43106 l13723">the </span><span class="pp-class-166 pa t43106 l43108">IASB, </span><span class="pp-class-166 pa t43106 l38605">the </span><span class="pp-class-166 pa t43106 l43109 ls497">Group </span><span class="pp-class-166 pa t43106 l14649">has </span><span class="pp-class-166 pa t43106 l43110">ap-</span><span class="pp-class-166 pa t43111 l3">plied </span><span class="pp-class-166 pa t43111 l43112">a </span><span class="pp-class-166 pa t43111 l23200 ls826">temporary </span><span class="pp-class-166 pa t43111 l43113 ls455">mandatory </span><span class="pp-class-166 pa t43111 l43114 ls564">relief </span><span class="pp-class-166 pa t43111 l43115 ls267">from </span><span class="pp-class-166 pa t43111 l9404 ls228">deferred </span><span class="pp-class-166 pa t43111 l43116 ls946">tax </span><span class="pp-class-166 pa t43111 l43117 ls946">accounting </span><span class="pp-class-166 pa t43111 l6385 ls228">for </span><span class="pp-class-166 pa t43111 l43118">the </span><span class="pp-class-166 pa t43111 l43119 ls1636">impact </span><span class="pp-class-166 pa t43120 l3">of </span><span class="pp-class-166 pa t43120 l2457">the </span><span class="pp-class-166 pa t43120 l3086 ls740">top-up </span><span class="pp-class-166 pa t43120 l13879 ls946">tax </span><span class="pp-class-166 pa t43120 l25739">and </span><span class="pp-class-166 pa t43120 l43121 ls1740">accounts </span><span class="pp-class-166 pa t43120 l43122 ls228">for </span><span class="pp-class-166 pa t43120 l12295">it </span><span class="pp-class-166 pa t43120 l28719">as </span><span class="pp-class-166 pa t43120 l43123">a </span><span class="pp-class-166 pa t43120 l1506 ls702">current </span><span class="pp-class-166 pa t43120 l39794 ls946">tax </span><span class="pp-class-166 pa t43120 l43124">when </span><span class="pp-class-166 pa t43120 l41566">it </span><span class="pp-class-166 pa t43120 l43125">is </span><span class="pp-class-166 pa t43120 l43126 ls856">incurred. </span></p></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42917 l3 ls5287">Accounting </span><span class="pp-class-170 pa t42917 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42918 l3 ls34869">Tax </span><span class="pp-class-166 pa t42918 l34870 ls228">for </span><span class="pp-class-166 pa t42918 l42919">the </span><span class="pp-class-166 pa t42918 l34585 ls48">year </span><span class="pp-class-166 pa t42918 l8931 ls1428">comprises </span><span class="pp-class-166 pa t42918 l34705 ls702">current </span><span class="pp-class-166 pa t42918 l42920">and </span><span class="pp-class-166 pa t42918 l34467 ls228">deferred </span><span class="pp-class-166 pa t42918 l42921 ls946">tax </span><span class="pp-class-166 pa t42918 l42922">on </span><span class="pp-class-166 pa t42918 l42923 ls564">profit </span><span class="pp-class-166 pa t42918 l18953">or </span><span class="pp-class-166 pa t42918 l42924 ls48">loss </span><span class="pp-class-166 pa t42918 l42925 ls228">for </span><span class="pp-class-166 pa t42918 l7809">the </span><span class="pp-class-166 pa t42926 l3 ls48">year </span><span class="pp-class-166 pa t42926 l14491">including </span><span class="pp-class-166 pa t42926 l42927">global </span><span class="pp-class-166 pa t42926 l42928">minimum </span><span class="pp-class-166 pa t42926 l20743 ls740">top-up </span><span class="pp-class-166 pa t42926 l42929 ls1740">taxes, </span><span class="pp-class-166 pa t42926 l42930">penalties </span><span class="pp-class-166 pa t42926 l42931 ls1766">related </span><span class="pp-class-166 pa t42926 l25831 ls135">to </span><span class="pp-class-166 pa t42926 l42932">pending </span><span class="pp-class-166 pa t42926 l42933 ls946">tax </span><span class="pp-class-166 pa t42934 l3 ls234">disputes </span><span class="pp-class-166 pa t42934 l34689">and </span><span class="pp-class-166 pa t42934 l42935 ls239">adjustments </span><span class="pp-class-166 pa t42934 l42936 ls135">to </span><span class="pp-class-166 pa t42934 l42937 ls66">previous </span><span class="pp-class-166 pa t42934 l42938 ls239">years, </span><span class="pp-class-166 pa t42934 l42939">including </span><span class="pp-class-166 pa t42934 l42940 ls239">adjustments </span><span class="pp-class-166 pa t42934 l39494">due </span><span class="pp-class-166 pa t42934 l7036 ls135">to </span><span class="pp-class-166 pa t42934 l42941 ls946">tax </span><span class="pp-class-166 pa t42942 l3">rulings. </span></p> <div class="pp-class-4" id="pp-id-4482" xmlns="http://www.w3.org/1999/xhtml"><div class="w43127 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">5.2 </span><span class="pp-class-169 pa t254 l37093 ls15814">Deferred </span><span class="pp-class-169 pa t254 l43128 ls15736">tax</span></p></div></div><div class="pp-class-4" id="pp-id-4483" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h43129 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41653 l3">In </span><span class="pp-class-166 pa t41653 l1589 ls1575">cases </span><span class="pp-class-166 pa t41653 l43130 ls497">where </span><span class="pp-class-166 pa t41653 l43131">it </span><span class="pp-class-166 pa t41653 l43132">is </span><span class="pp-class-166 pa t41653 l39469 ls394">possible </span><span class="pp-class-166 pa t41653 l25750 ls135">to </span><span class="pp-class-166 pa t41653 l30117 ls853">calculate </span><span class="pp-class-166 pa t41653 l43133">the </span><span class="pp-class-166 pa t41653 l43134 ls946">tax </span><span class="pp-class-166 pa t41653 l20728 ls101">value </span><span class="pp-class-166 pa t41653 l43135 ls1866">according </span><span class="pp-class-166 pa t41653 l43136 ls135">to </span><span class="pp-class-166 pa t41653 l38708 ls497">different </span><span class="pp-class-166 pa t41661 l3 ls1217">taxation </span><span class="pp-class-166 pa t41661 l31712">rules, </span><span class="pp-class-166 pa t41661 l43137 ls228">deferred </span><span class="pp-class-166 pa t41661 l43138 ls946">tax </span><span class="pp-class-166 pa t41661 l43139">is </span><span class="pp-class-166 pa t41661 l26961 ls1528">measured </span><span class="pp-class-166 pa t41661 l40760">on </span><span class="pp-class-166 pa t41661 l43140">the </span><span class="pp-class-166 pa t41661 l21463">basis </span><span class="pp-class-166 pa t41661 l19365">of </span><span class="pp-class-166 pa t41661 l43141">the </span><span class="pp-class-166 pa t41661 l18417">planned </span><span class="pp-class-166 pa t41661 l43142">use </span><span class="pp-class-166 pa t41661 l4428">of </span><span class="pp-class-166 pa t41661 l43143">the </span><span class="pp-class-166 pa t41669 l3 ls1428">asset </span><span class="pp-class-166 pa t41669 l37762">or </span><span class="pp-class-166 pa t41669 l43144">the </span><span class="pp-class-166 pa t41669 l34543 ls1026">settlement </span><span class="pp-class-166 pa t41669 l43145">of </span><span class="pp-class-166 pa t41669 l43146">the </span><span class="pp-class-166 pa t41669 l4440 ls93">liability.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42544 l3 ls13149">Deferred </span><span class="pp-class-166 pa t42544 l1920 ls2672">tax </span><span class="pp-class-166 pa t42544 l43147 ls1866">is </span><span class="pp-class-166 pa t42544 l32380 ls191">adjusted </span><span class="pp-class-166 pa t42544 l43148 ls2289">for </span><span class="pp-class-166 pa t42544 l43149 ls2786">elimination </span><span class="pp-class-166 pa t42544 l43150 ls1866">of </span><span class="pp-class-166 pa t42544 l20679 ls1663">unrealised </span><span class="pp-class-166 pa t42544 l43151 ls1824">intra-group </span><span class="pp-class-166 pa t42544 l43152 ls2688">gains </span><span class="pp-class-166 pa t42544 l25363 ls1853">and </span><span class="pp-class-166 pa t42544 l43153 ls3181">losses. </span><span class="pp-class-166 pa t41680 l3 ls228">Deferred </span><span class="pp-class-166 pa t41680 l13539 ls946">tax </span><span class="pp-class-166 pa t41680 l35167">is </span><span class="pp-class-166 pa t41680 l43154 ls1528">measured </span><span class="pp-class-166 pa t41680 l43155">on </span><span class="pp-class-166 pa t41680 l43156">the </span><span class="pp-class-166 pa t41680 l43157">basis </span><span class="pp-class-166 pa t41680 l19907">of </span><span class="pp-class-166 pa t41680 l19908">the </span><span class="pp-class-166 pa t41680 l19909 ls946">tax </span><span class="pp-class-166 pa t41680 l21035">rules </span><span class="pp-class-166 pa t41680 l43158">and </span><span class="pp-class-166 pa t41680 l34364 ls946">tax </span><span class="pp-class-166 pa t41680 l43159 ls54">rates </span><span class="pp-class-166 pa t41680 l43160">of </span><span class="pp-class-166 pa t41680 l43161">the </span><span class="pp-class-166 pa t41680 l43162 ls267">rele-</span><span class="pp-class-166 pa t41687 l3 ls48">vant </span><span class="pp-class-166 pa t41687 l43163 ls1428">countries </span><span class="pp-class-166 pa t41687 l43164">that </span><span class="pp-class-166 pa t41687 l43165">will </span><span class="pp-class-166 pa t41687 l43166">be </span><span class="pp-class-166 pa t41687 l11170 ls1900">effective </span><span class="pp-class-166 pa t41687 l43167">under </span><span class="pp-class-166 pa t41687 l43168 ls702">current </span><span class="pp-class-166 pa t41687 l10607">legislation </span><span class="pp-class-166 pa t41687 l19482">at </span><span class="pp-class-166 pa t41687 l43169">the </span><span class="pp-class-166 pa t41687 l43170 ls1428">reporting </span><span class="pp-class-166 pa t41695 l3 ls1122">date </span><span class="pp-class-166 pa t41695 l36613">on </span><span class="pp-class-166 pa t41695 l43171">which </span><span class="pp-class-166 pa t41695 l26556">the </span><span class="pp-class-166 pa t41695 l1604 ls228">deferred </span><span class="pp-class-166 pa t41695 l43172 ls946">tax </span><span class="pp-class-166 pa t41695 l43173">is </span><span class="pp-class-166 pa t41695 l17560 ls70">expected </span><span class="pp-class-166 pa t41695 l30959 ls135">to </span><span class="pp-class-166 pa t41695 l43174 ls86">materialise </span><span class="pp-class-166 pa t41695 l43175">as </span><span class="pp-class-166 pa t41695 l43176 ls702">current </span><span class="pp-class-166 pa t41695 l43177 ls3094">tax. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41696 l3 ls4852">Management </span><span class="pp-class-170 pa t41696 l36376 ls4852">judgements </span><span class="pp-class-170 pa t41696 l36377 ls2257">and </span><span class="pp-class-170 pa t41696 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41704 l3 ls205">Management </span><span class="pp-class-166 pa t41704 l35455">applies </span><span class="pp-class-166 pa t41704 l13598 ls226">significant </span><span class="pp-class-166 pa t41704 l39847">judgements </span><span class="pp-class-166 pa t41704 l43178">and </span><span class="pp-class-166 pa t41704 l12155 ls1217">estimates </span><span class="pp-class-166 pa t41704 l20649">when </span><span class="pp-class-166 pa t41704 l43179 ls5508">recognising </span><span class="pp-class-166 pa t41711 l3">and </span><span class="pp-class-166 pa t41711 l1192 ls394">measuring </span><span class="pp-class-166 pa t41711 l43180 ls228">deferred </span><span class="pp-class-166 pa t41711 l19411 ls946">tax </span><span class="pp-class-166 pa t41711 l43181 ls4053">assets </span><span class="pp-class-166 pa t41711 l27494">and </span><span class="pp-class-166 pa t41711 l6444 ls1428">uncertain </span><span class="pp-class-166 pa t41711 l5855 ls946">tax </span><span class="pp-class-166 pa t41711 l43182">positions. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42587 l3 ls228">Deferred </span><span class="pp-class-166 pa t42587 l13539 ls946">tax </span><span class="pp-class-166 pa t42587 l35167 ls428">assets, </span><span class="pp-class-166 pa t42587 l15038">including </span><span class="pp-class-166 pa t42587 l3100">the </span><span class="pp-class-166 pa t42587 l37612 ls946">tax </span><span class="pp-class-166 pa t42587 l43183">base </span><span class="pp-class-166 pa t42587 l43184">of </span><span class="pp-class-166 pa t42587 l43185 ls946">tax </span><span class="pp-class-166 pa t42587 l43186 ls48">loss </span><span class="pp-class-166 pa t42587 l38430 ls461">carryforwards, </span><span class="pp-class-166 pa t42587 l43187 ls228">are </span><span class="pp-class-166 pa t41720 l3 ls564">recognised </span><span class="pp-class-166 pa t41720 l39656">if </span><span class="pp-class-166 pa t41720 l43188">it </span><span class="pp-class-166 pa t41720 l43189">is </span><span class="pp-class-166 pa t41720 l20881 ls226">assessed </span><span class="pp-class-166 pa t41720 l43190">that </span><span class="pp-class-166 pa t41720 l28993 ls497">there </span><span class="pp-class-166 pa t41720 l43191">will </span><span class="pp-class-166 pa t41720 l43192">be </span><span class="pp-class-166 pa t41720 l25881 ls2471">sufficient </span><span class="pp-class-166 pa t41720 l43193 ls564">future </span><span class="pp-class-166 pa t41720 l43194 ls853">taxable </span><span class="pp-class-166 pa t41720 l29518 ls740">income </span><span class="pp-class-166 pa t41727 l3 ls48">against </span><span class="pp-class-166 pa t41727 l5126">which </span><span class="pp-class-166 pa t41727 l43195">the </span><span class="pp-class-166 pa t41727 l43113 ls826">temporary </span><span class="pp-class-166 pa t41727 l8831 ls52">differences </span><span class="pp-class-166 pa t41727 l9007">and </span><span class="pp-class-166 pa t41727 l7525">unutilised </span><span class="pp-class-166 pa t41727 l43196 ls946">tax </span><span class="pp-class-166 pa t41727 l43197 ls239">losses </span><span class="pp-class-166 pa t41727 l43198 ls234">can </span><span class="pp-class-166 pa t41727 l43199">be </span><span class="pp-class-166 pa t41727 l43200">uti-</span><span class="pp-class-166 pa t41734 l3">lised. </span><span class="pp-class-166 pa t41734 l43201">This </span><span class="pp-class-166 pa t41734 l16507 ls158">assessment </span><span class="pp-class-166 pa t41734 l43202">is </span><span class="pp-class-166 pa t41734 l10435">based </span><span class="pp-class-166 pa t41734 l43203">on </span><span class="pp-class-166 pa t41734 l21575 ls461">budgets </span><span class="pp-class-166 pa t41734 l43204">and </span><span class="pp-class-166 pa t41734 l43205 ls394">business </span><span class="pp-class-166 pa t41734 l43206">plans </span><span class="pp-class-166 pa t41734 l43207 ls228">for </span><span class="pp-class-166 pa t41734 l43208">the </span><span class="pp-class-166 pa t41734 l43209 ls851">following </span><span class="pp-class-166 pa t41743 l3 ls239">years, </span><span class="pp-class-166 pa t41743 l5053">including </span><span class="pp-class-166 pa t41743 l38134">planned </span><span class="pp-class-166 pa t41743 l30981 ls394">business </span><span class="pp-class-166 pa t41743 l14713 ls205">initiatives. </span><span class="pp-class-166 pa t41743 l43210 ls228">Deferred </span><span class="pp-class-166 pa t41743 l43211 ls946">tax </span><span class="pp-class-166 pa t41743 l43212 ls4053">assets </span><span class="pp-class-166 pa t41743 l13724 ls228">are </span><span class="pp-class-166 pa t41743 l43213 ls2870">tested </span><span class="pp-class-166 pa t42609 l3">annually </span><span class="pp-class-166 pa t42609 l1565">and </span><span class="pp-class-166 pa t42609 l43214 ls228">are </span><span class="pp-class-166 pa t42609 l36359">only </span><span class="pp-class-166 pa t42609 l43215 ls564">recognised </span><span class="pp-class-166 pa t42609 l7445">if </span><span class="pp-class-166 pa t42609 l43216">it </span><span class="pp-class-166 pa t42609 l14277">is </span><span class="pp-class-166 pa t42609 l43217 ls66">probable </span><span class="pp-class-166 pa t42609 l12350">that </span><span class="pp-class-166 pa t42609 l31457 ls564">future </span><span class="pp-class-166 pa t42609 l43218 ls853">taxable </span><span class="pp-class-166 pa t42609 l43219 ls564">profit </span><span class="pp-class-166 pa t41744 l3">will </span><span class="pp-class-166 pa t41744 l8982">allow </span><span class="pp-class-166 pa t41744 l33603">the </span><span class="pp-class-166 pa t41744 l28038 ls228">deferred </span><span class="pp-class-166 pa t41744 l26895 ls946">tax </span><span class="pp-class-166 pa t41744 l43220 ls1428">asset </span><span class="pp-class-166 pa t41744 l43221 ls135">to </span><span class="pp-class-166 pa t41744 l42482">be </span><span class="pp-class-166 pa t41744 l43222 ls2688">recovered.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41750 l3 ls1428">Uncertain </span><span class="pp-class-166 pa t41750 l43223 ls946">tax </span><span class="pp-class-166 pa t41750 l43224">positions </span><span class="pp-class-166 pa t41750 l5889">include </span><span class="pp-class-166 pa t41750 l33543">ongoing </span><span class="pp-class-166 pa t41750 l43225 ls234">disputes </span><span class="pp-class-166 pa t41750 l10209">with </span><span class="pp-class-166 pa t41750 l43226 ls946">tax </span><span class="pp-class-166 pa t41750 l43227">authorities </span><span class="pp-class-166 pa t41750 l43228">and </span><span class="pp-class-166 pa t41750 l43229 ls48">have </span><span class="pp-class-166 pa t41757 l3">been </span><span class="pp-class-166 pa t41757 l23971 ls66">provided </span><span class="pp-class-166 pa t41757 l38278 ls228">for </span><span class="pp-class-166 pa t41757 l27505">in </span><span class="pp-class-166 pa t41757 l9402 ls228">accordance </span><span class="pp-class-166 pa t41757 l41550">with </span><span class="pp-class-166 pa t41757 l11982">the </span><span class="pp-class-166 pa t41757 l38668 ls946">accounting </span><span class="pp-class-166 pa t41757 l43230">policies. </span><span class="pp-class-166 pa t41757 l43231 ls205">Management </span><span class="pp-class-166 pa t42629 l3 ls394">believes </span><span class="pp-class-166 pa t42629 l4597">that </span><span class="pp-class-166 pa t42629 l43232">the </span><span class="pp-class-166 pa t42629 l11272 ls164">provisions </span><span class="pp-class-166 pa t42629 l43233">made </span><span class="pp-class-166 pa t42629 l43234 ls228">are </span><span class="pp-class-166 pa t42629 l19288 ls1428">adequate. </span><span class="pp-class-166 pa t42629 l5632">The </span><span class="pp-class-166 pa t42629 l43235 ls1636">actual </span><span class="pp-class-166 pa t42629 l43236">obligations </span><span class="pp-class-166 pa t42629 l25818">may </span><span class="pp-class-166 pa t41758 l3 ls187">deviate </span><span class="pp-class-166 pa t41758 l37931">as </span><span class="pp-class-166 pa t41758 l25900 ls890">they </span><span class="pp-class-166 pa t41758 l10845">depend </span><span class="pp-class-166 pa t41758 l43237">on </span><span class="pp-class-166 pa t41758 l31310">the </span><span class="pp-class-166 pa t41758 l27625 ls564">result </span><span class="pp-class-166 pa t41758 l43238">of </span><span class="pp-class-166 pa t41758 l32898">litigations </span><span class="pp-class-166 pa t41758 l38850">and </span><span class="pp-class-166 pa t41758 l43239 ls226">settlements </span><span class="pp-class-166 pa t41758 l43240">with </span><span class="pp-class-166 pa t41758 l43241">the </span><span class="pp-class-166 pa t41759 l3 ls1528">relevant </span><span class="pp-class-166 pa t41759 l32957 ls946">tax </span><span class="pp-class-166 pa t41759 l8592">authorities.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41777 l3">Of </span><span class="pp-class-166 pa t41777 l14886 ls1528">unrecognised </span><span class="pp-class-166 pa t41777 l979 ls946">tax </span><span class="pp-class-166 pa t41777 l38725 ls48">loss </span><span class="pp-class-166 pa t41777 l43242 ls461">carryforwards, </span><span class="pp-class-166 pa t41777 l43243">DKK </span><span class="pp-class-166 pa t41777 l37694">210 </span><span class="pp-class-166 pa t41777 l43244">million </span><span class="pp-class-166 pa t41777 l43245">(2024: </span><span class="pp-class-166 pa t41777 l43246">DKK </span><span class="pp-class-166 pa t41777 l43247">198 </span><span class="pp-class-166 pa t41783 l3">million) </span><span class="pp-class-166 pa t41783 l861">may </span><span class="pp-class-166 pa t41783 l23127">be </span><span class="pp-class-166 pa t41783 l215 ls234">carried </span><span class="pp-class-166 pa t41783 l14414 ls4372">forward </span><span class="pp-class-166 pa t41783 l43248 ls147">indefinitely.</span></p></div></div><div id="pp-id-4484" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h43249 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43250 l3 ls7116">Deferred </span><span class="pp-class-170 pa t43250 l43251 ls2275">tax </span><span class="pp-class-170 pa t43250 l43252 ls2300">recognised </span><span class="pp-class-170 pa t43250 l43253 ls1866">in </span><span class="pp-class-170 pa t43250 l43254 ls2307">the </span><span class="pp-class-170 pa t43255 l3 ls1855">statement </span><span class="pp-class-170 pa t43255 l9619 ls1866">of </span><span class="pp-class-170 pa t43255 l43256 ls115">financial </span><span class="pp-class-170 pa t43255 l43257 ls1498">position </span><span class="pp-class-166 pa t43255 l43258 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43255 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43255 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43259 l3 ls228">Deferred </span><span class="pp-class-166 pa t43259 l13539 ls946">tax </span><span class="pp-class-166 pa t43259 l35167">at </span><span class="pp-class-166 pa t43259 l43260">1 </span><span class="pp-class-166 pa t43259 l43261 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43259 l32699">2,904</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43259 l28456">2,691</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43262 l3 ls228">Deferred </span><span class="pp-class-166 pa t43262 l13539 ls946">tax </span><span class="pp-class-166 pa t43262 l35167 ls228">for </span><span class="pp-class-166 pa t43262 l40022">the </span><span class="pp-class-166 pa t43262 l43263 ls1026">year</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43262 l42507">(33)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43262 l28132">169</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43264 l3 ls34869">Tax </span><span class="pp-class-166 pa t43264 l34870 ls239">adjustment </span><span class="pp-class-166 pa t43264 l3564 ls66">relating </span><span class="pp-class-166 pa t43264 l42958 ls135">to </span><span class="pp-class-166 pa t43264 l42959 ls66">previous </span><span class="pp-class-166 pa t43264 l32804 ls48">years</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43264 l28209">65</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43264 l28132">249</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43265 l3 ls34869">Tax </span><span class="pp-class-166 pa t43265 l34870">on </span><span class="pp-class-166 pa t43265 l32458">changes </span><span class="pp-class-166 pa t43265 l43266">in </span><span class="pp-class-166 pa t43265 l12459 ls1094">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43265 l42507">(74)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43265 l40006">(234)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43267 l3">Additions </span><span class="pp-class-166 pa t43267 l35356 ls267">from </span><span class="pp-class-166 pa t43267 l39069 ls394">business </span><span class="pp-class-166 pa t43267 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43267 l32699">1,592</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43267 l43268">(7)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43269 l3">Other </span><span class="pp-class-166 pa t43269 l4385 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43269 l42501">(114)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43269 l38103">(38)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43270 l3 ls187">Currency </span><span class="pp-class-166 pa t43270 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43270 l28209">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43270 l28210">74</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43271 l3 ls7116">Deferred </span><span class="pp-class-170 pa t43271 l43251 ls2275">tax </span><span class="pp-class-170 pa t43271 l43252 ls1866">at </span><span class="pp-class-170 pa t43271 l43272 ls1866">31 </span><span class="pp-class-170 pa t43271 l43273 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43271 l41458 ls2690">4,351</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43271 l37967 ls2690">2,904</span></p></td></tr></table></div></div><div id="pp-id-4485" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h43274 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43275 l3 ls7116">Deferred </span><span class="pp-class-170 pa t43275 l43251 ls2275">tax </span><span class="pp-class-170 pa t43275 l43252 ls1853">not </span><span class="pp-class-170 pa t43275 l43276 ls14972">recognised </span><span class="pp-class-170 pa t43275 l43277 ls1866">in </span><span class="pp-class-170 pa t43275 l43278 ls2307">the </span><span class="pp-class-170 pa t43279 l3 ls1855">statement </span><span class="pp-class-170 pa t43279 l9619 ls1866">of </span><span class="pp-class-170 pa t43279 l43256 ls115">financial </span><span class="pp-class-170 pa t43279 l43257 ls2275">position</span><span class="pp-class-166 pa t43279 l43280"/><span class="pp-class-166 pa t43279 l43281 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43279 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43279 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43259 l3 ls2311">Temporary </span><span class="pp-class-166 pa t43259 l11150 ls4013">differences</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43259 l28209">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43259 l28210">14</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43282 l3 ls34869">Tax </span><span class="pp-class-166 pa t43282 l34870 ls48">loss </span><span class="pp-class-166 pa t43282 l33272 ls93">carryforwards</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43282 l28131">392</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43282 l28132">387</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43283 l3 ls15293">Total </span><span class="pp-class-170 pa t43283 l34893 ls2275">tax </span><span class="pp-class-170 pa t43283 l42952 ls96">assets </span><span class="pp-class-170 pa t43283 l43284 ls1853">not </span><span class="pp-class-170 pa t43283 l31407 ls4132">recognised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43283 l43285 ls1866">411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43283 l38178 ls1866">401</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4486" xmlns="http://www.w3.org/1999/xhtml"><div class="w43286 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">5.2 </span><span class="pp-class-169 pa t254 l37093 ls15814">Deferred </span><span class="pp-class-169 pa t254 l43128 ls33072">tax </span><span class="pp-class-169 pa t254 l43287 ls1180">— </span><span class="pp-class-169 pa t254 l43288 ls37362">continued</span></p></div></div><div id="pp-id-4487" xmlns="http://www.w3.org/1999/xhtml"><div class="w43289 h43290 pa t2 l3 wtro4 xx43291 tro6 xx43292"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43293 l3">The </span><span class="pp-class-166 pa t43293 l1525 ls228">deferred </span><span class="pp-class-166 pa t43293 l29503 ls946">tax </span><span class="pp-class-166 pa t43293 l43294 ls4053">assets </span><span class="pp-class-166 pa t43293 l43295">and </span><span class="pp-class-166 pa t43293 l43296">liabilities </span><span class="pp-class-166 pa t43293 l43297 ls564">recognised </span><span class="pp-class-166 pa t43293 l42599 ls228">are </span><span class="pp-class-166 pa t43293 l43298 ls853">allocated </span><span class="pp-class-166 pa t43293 l28573 ls135">to </span><span class="pp-class-166 pa t43293 l43299">the </span><span class="pp-class-166 pa t43293 l43300 ls851">following </span><span class="pp-class-166 pa t43293 l43301 ls1732">items:</span></p></div></div><div class="pp-class-4" id="pp-id-4488" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h43302 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls7116">Deferred </span><span class="pp-class-170 pa t37786 l43251 ls2275">tax </span><span class="pp-class-170 pa t37786 l43252 ls3187">allocation </span><span class="pp-class-170 pa t37786 l43303 ls2690">2025 </span><span class="pp-class-166 pa t37786 l43304 ls166">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l43305 ls149">Intangible </span><span class="pp-class-166 pa t37786 l43306 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l43307 ls3431">PPE, </span><span class="pp-class-166 pa t28110 l43308 ls1026">ROU </span><span class="pp-class-166 pa t37784 l43309 ls428">assets, </span><span class="pp-class-166 pa t37784 l43310 ls101">lease </span><span class="pp-class-166 pa t37786 l43311">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l43312 ls2236">Provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l43313">Other </span><span class="pp-class-166 pa t37786 l43314">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l43315 ls34869">Tax </span><span class="pp-class-166 pa t28110 l43316">base </span><span class="pp-class-166 pa t28110 l43317">of</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l43318 ls946">tax </span><span class="pp-class-166 pa t37784 l43319 ls48">loss </span><span class="pp-class-166 pa t37784 l43320 ls394">carry-</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l43321 ls4372">forwards</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l39058 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3 ls228">Deferred </span><span class="pp-class-166 pa t37810 l13539 ls946">tax </span><span class="pp-class-166 pa t37810 l35167">at </span><span class="pp-class-166 pa t37810 l43260">1 </span><span class="pp-class-166 pa t37810 l43261 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43322">60</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43323">513</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43324">670</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43325">583</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43326">1,078</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37440">2,904</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls946">Recognised </span><span class="pp-class-166 pa t37821 l43327">in </span><span class="pp-class-166 pa t37821 l38171 ls564">profit </span><span class="pp-class-166 pa t37821 l43328">or </span><span class="pp-class-166 pa t37821 l43329 ls1026">loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43322">20</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43323">491</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43330">(336)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43331">(92)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43332">(51)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l39331">32</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3 ls946">Recognised </span><span class="pp-class-166 pa t37823 l43327">in </span><span class="pp-class-166 pa t37823 l38171 ls1094">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l33014">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l43333">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l43334">(39)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l43331">(35)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l43335">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l39130">(74)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3">Additions </span><span class="pp-class-166 pa t37828 l35356 ls267">from </span><span class="pp-class-166 pa t37828 l39069 ls394">business </span><span class="pp-class-166 pa t37828 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43336">(557)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43337">(361)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43338">1,536</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43325">836</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43339">138</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l37440">1,592</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l3">Other </span><span class="pp-class-166 pa t8918 l4385 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43322">65</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43340">14</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43330">(104)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43331">(64)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43332">(25)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l39092">(114)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l3 ls187">Currency </span><span class="pp-class-166 pa t43341 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l33014">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l43342">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l43343">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l43344">2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l43345">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l39331">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l3 ls7116">Deferred </span><span class="pp-class-170 pa t39939 l43251 ls2275">tax </span><span class="pp-class-170 pa t39939 l43252 ls1866">at </span><span class="pp-class-170 pa t39939 l43272 ls1866">31 </span><span class="pp-class-170 pa t39939 l43273 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43346 ls2690">(412)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43347 ls1866">659</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43348 ls2690">1,730</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43349 ls2690">1,230</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43350 ls2690">1,144</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l39143 ls2690">4,351</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t43351 l3 ls1122">Recognised </span><span class="pp-class-172 pa t43351 l12242">as </span><span class="pp-class-172 pa t43351 l43352 ls455">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l3 ls228">Deferred </span><span class="pp-class-166 pa t43353 l13539 ls946">tax </span><span class="pp-class-166 pa t43353 l35167 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43336">(324)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43354">1,423</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43338">2,042</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43355">1,439</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43326">1,101</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l37440">5,681</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l3 ls228">Deferred </span><span class="pp-class-166 pa t43356 l13539 ls946">tax </span><span class="pp-class-166 pa t43356 l35167">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l39317">(88)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43337">(764)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43330">(312)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43357">(209)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43358">43</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43359">(1,330)</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4489" xmlns="http://www.w3.org/1999/xhtml"><div class="w11512 h43302 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls7116">Deferred </span><span class="pp-class-170 pa t37786 l43251 ls2275">tax </span><span class="pp-class-170 pa t37786 l43252 ls3187">allocation </span><span class="pp-class-170 pa t37786 l43303 ls2275">2024</span><span class="pp-class-166 pa t37786 l43360"/><span class="pp-class-166 pa t37786 l43361">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l43305 ls1575">Intangible</span><span class="pp-class-166 pa t37786 l43362"/><span class="pp-class-166 pa t37786 l43306 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l43307 ls3431">PPE, </span><span class="pp-class-166 pa t28110 l43308 ls1026">ROU </span><span class="pp-class-166 pa t37784 l43309 ls428">assets, </span><span class="pp-class-166 pa t37784 l43310 ls101">lease </span><span class="pp-class-166 pa t37786 l43311">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l43312 ls2236">Provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l43313">Other </span><span class="pp-class-166 pa t37786 l43314">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l43315 ls34869">Tax </span><span class="pp-class-166 pa t28110 l43316">base </span><span class="pp-class-166 pa t28110 l43317">of </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l43318 ls946">tax </span><span class="pp-class-166 pa t37784 l43319 ls48">loss </span><span class="pp-class-166 pa t37784 l43320 ls394">carry-</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l43321 ls4372">forwards</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l39058 ls13899">Total</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3 ls228">Deferred </span><span class="pp-class-166 pa t37810 l13539 ls946">tax </span><span class="pp-class-166 pa t37810 l35167">at </span><span class="pp-class-166 pa t37810 l43260">1 </span><span class="pp-class-166 pa t37810 l43261 ls3593">January</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43322">11</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43340">99</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43324">855</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43325">570</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l43326">1,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l37440">2,691</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls946">Recognised </span><span class="pp-class-166 pa t37821 l43327">in </span><span class="pp-class-166 pa t37821 l38171 ls564">profit </span><span class="pp-class-166 pa t37821 l43328">or </span><span class="pp-class-166 pa t37821 l43329 ls1026">loss</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43322">42</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43323">142</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43334">(54)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43325">334</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l43332">(46)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l39084">418</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3 ls946">Recognised </span><span class="pp-class-166 pa t37823 l43327">in </span><span class="pp-class-166 pa t37823 l38171 ls1094">equity</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l33014">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l43333">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l43330">(111)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l43357">(123)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l43335">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l39092">(234)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3">Additions </span><span class="pp-class-166 pa t37828 l35356 ls267">from </span><span class="pp-class-166 pa t37828 l39069 ls394">business </span><span class="pp-class-166 pa t37828 l11429 ls86">combinations</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l33014">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43342">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43363">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43364">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43365">(4)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l43366">(7)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l3">Other </span><span class="pp-class-166 pa t8918 l4385 ls239">adjustments</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l39343">7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43323">268</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43334">(43)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43357">(210)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l43332">(60)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l39130">(38)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l3 ls187">Currency </span><span class="pp-class-166 pa t43341 l20971 ls154">translation</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l33014">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l43342">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l43367">23</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l43368">16</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l43358">32</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43341 l39331">74</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l3 ls7116">Deferred </span><span class="pp-class-170 pa t39939 l43251 ls2275">tax </span><span class="pp-class-170 pa t39939 l43252 ls1866">at </span><span class="pp-class-170 pa t39939 l43272 ls1866">31 </span><span class="pp-class-170 pa t39939 l43273 ls6928">December</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43369 ls2307">60</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43347 ls1866">513</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43370 ls1866">670</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43371 ls1866">583</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l43350 ls2690">1,078</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39939 l39143 ls2690">2,904</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t43351 l3 ls1122">Recognised </span><span class="pp-class-172 pa t43351 l12242">as </span><span class="pp-class-172 pa t43351 l43352 ls455">follows:</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l3 ls228">Deferred </span><span class="pp-class-166 pa t43353 l13539 ls946">tax </span><span class="pp-class-166 pa t43353 l35167 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l39302">130</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43323">624</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43324">859</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43325">640</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l43326">1,059</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43353 l37440">3,312</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l3 ls228">Deferred </span><span class="pp-class-166 pa t43356 l13539 ls946">tax </span><span class="pp-class-166 pa t43356 l35167">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l39317">(70)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43337">(111)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43330">(189)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43331">(57)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l43358">19</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43356 l39092">(408)</span></p></td></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41653 l3">In </span><span class="pp-class-166 pa t41653 l1589 ls1575">cases </span><span class="pp-class-166 pa t41653 l43130 ls497">where </span><span class="pp-class-166 pa t41653 l43131">it </span><span class="pp-class-166 pa t41653 l43132">is </span><span class="pp-class-166 pa t41653 l39469 ls394">possible </span><span class="pp-class-166 pa t41653 l25750 ls135">to </span><span class="pp-class-166 pa t41653 l30117 ls853">calculate </span><span class="pp-class-166 pa t41653 l43133">the </span><span class="pp-class-166 pa t41653 l43134 ls946">tax </span><span class="pp-class-166 pa t41653 l20728 ls101">value </span><span class="pp-class-166 pa t41653 l43135 ls1866">according </span><span class="pp-class-166 pa t41653 l43136 ls135">to </span><span class="pp-class-166 pa t41653 l38708 ls497">different </span><span class="pp-class-166 pa t41661 l3 ls1217">taxation </span><span class="pp-class-166 pa t41661 l31712">rules, </span><span class="pp-class-166 pa t41661 l43137 ls228">deferred </span><span class="pp-class-166 pa t41661 l43138 ls946">tax </span><span class="pp-class-166 pa t41661 l43139">is </span><span class="pp-class-166 pa t41661 l26961 ls1528">measured </span><span class="pp-class-166 pa t41661 l40760">on </span><span class="pp-class-166 pa t41661 l43140">the </span><span class="pp-class-166 pa t41661 l21463">basis </span><span class="pp-class-166 pa t41661 l19365">of </span><span class="pp-class-166 pa t41661 l43141">the </span><span class="pp-class-166 pa t41661 l18417">planned </span><span class="pp-class-166 pa t41661 l43142">use </span><span class="pp-class-166 pa t41661 l4428">of </span><span class="pp-class-166 pa t41661 l43143">the </span><span class="pp-class-166 pa t41669 l3 ls1428">asset </span><span class="pp-class-166 pa t41669 l37762">or </span><span class="pp-class-166 pa t41669 l43144">the </span><span class="pp-class-166 pa t41669 l34543 ls1026">settlement </span><span class="pp-class-166 pa t41669 l43145">of </span><span class="pp-class-166 pa t41669 l43146">the </span><span class="pp-class-166 pa t41669 l4440 ls93">liability.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42544 l3 ls13149">Deferred </span><span class="pp-class-166 pa t42544 l1920 ls2672">tax </span><span class="pp-class-166 pa t42544 l43147 ls1866">is </span><span class="pp-class-166 pa t42544 l32380 ls191">adjusted </span><span class="pp-class-166 pa t42544 l43148 ls2289">for </span><span class="pp-class-166 pa t42544 l43149 ls2786">elimination </span><span class="pp-class-166 pa t42544 l43150 ls1866">of </span><span class="pp-class-166 pa t42544 l20679 ls1663">unrealised </span><span class="pp-class-166 pa t42544 l43151 ls1824">intra-group </span><span class="pp-class-166 pa t42544 l43152 ls2688">gains </span><span class="pp-class-166 pa t42544 l25363 ls1853">and </span><span class="pp-class-166 pa t42544 l43153 ls3181">losses. </span><span class="pp-class-166 pa t41680 l3 ls228">Deferred </span><span class="pp-class-166 pa t41680 l13539 ls946">tax </span><span class="pp-class-166 pa t41680 l35167">is </span><span class="pp-class-166 pa t41680 l43154 ls1528">measured </span><span class="pp-class-166 pa t41680 l43155">on </span><span class="pp-class-166 pa t41680 l43156">the </span><span class="pp-class-166 pa t41680 l43157">basis </span><span class="pp-class-166 pa t41680 l19907">of </span><span class="pp-class-166 pa t41680 l19908">the </span><span class="pp-class-166 pa t41680 l19909 ls946">tax </span><span class="pp-class-166 pa t41680 l21035">rules </span><span class="pp-class-166 pa t41680 l43158">and </span><span class="pp-class-166 pa t41680 l34364 ls946">tax </span><span class="pp-class-166 pa t41680 l43159 ls54">rates </span><span class="pp-class-166 pa t41680 l43160">of </span><span class="pp-class-166 pa t41680 l43161">the </span><span class="pp-class-166 pa t41680 l43162 ls267">rele-</span><span class="pp-class-166 pa t41687 l3 ls48">vant </span><span class="pp-class-166 pa t41687 l43163 ls1428">countries </span><span class="pp-class-166 pa t41687 l43164">that </span><span class="pp-class-166 pa t41687 l43165">will </span><span class="pp-class-166 pa t41687 l43166">be </span><span class="pp-class-166 pa t41687 l11170 ls1900">effective </span><span class="pp-class-166 pa t41687 l43167">under </span><span class="pp-class-166 pa t41687 l43168 ls702">current </span><span class="pp-class-166 pa t41687 l10607">legislation </span><span class="pp-class-166 pa t41687 l19482">at </span><span class="pp-class-166 pa t41687 l43169">the </span><span class="pp-class-166 pa t41687 l43170 ls1428">reporting </span><span class="pp-class-166 pa t41695 l3 ls1122">date </span><span class="pp-class-166 pa t41695 l36613">on </span><span class="pp-class-166 pa t41695 l43171">which </span><span class="pp-class-166 pa t41695 l26556">the </span><span class="pp-class-166 pa t41695 l1604 ls228">deferred </span><span class="pp-class-166 pa t41695 l43172 ls946">tax </span><span class="pp-class-166 pa t41695 l43173">is </span><span class="pp-class-166 pa t41695 l17560 ls70">expected </span><span class="pp-class-166 pa t41695 l30959 ls135">to </span><span class="pp-class-166 pa t41695 l43174 ls86">materialise </span><span class="pp-class-166 pa t41695 l43175">as </span><span class="pp-class-166 pa t41695 l43176 ls702">current </span><span class="pp-class-166 pa t41695 l43177 ls3094">tax. </span></p> <div class="pp-class-4" id="pp-id-4492" xmlns="http://www.w3.org/1999/xhtml"><div class="w43410 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.1 </span><span class="pp-class-169 pa t254 l37093 ls43411">Acquisition </span><span class="pp-class-169 pa t254 l43412 ls6611">and </span><span class="pp-class-169 pa t254 l43413 ls21824">disposal </span><span class="pp-class-169 pa t254 l43414 ls3118">of </span><span class="pp-class-169 pa t254 l43415 ls692">entities</span></p></div></div><div class="pp-class-4" id="pp-id-4493" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h43416 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42917 l3 ls5287">Accounting </span><span class="pp-class-170 pa t42917 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42918 l3">When </span><span class="pp-class-166 pa t42918 l4926 ls946">accounting </span><span class="pp-class-166 pa t42918 l9925 ls228">for </span><span class="pp-class-166 pa t42918 l3098 ls394">business </span><span class="pp-class-166 pa t42918 l43417 ls1575">combinations, </span><span class="pp-class-166 pa t42918 l43418">the </span><span class="pp-class-166 pa t42918 l43419 ls86">acquisition </span><span class="pp-class-166 pa t42918 l28273 ls93">method </span><span class="pp-class-166 pa t42918 l43420">is </span><span class="pp-class-166 pa t42918 l43421">applied </span><span class="pp-class-166 pa t42926 l3">in </span><span class="pp-class-166 pa t42926 l1746 ls228">accordance </span><span class="pp-class-166 pa t42926 l15397">with </span><span class="pp-class-166 pa t42926 l8691">IFRS </span><span class="pp-class-166 pa t42926 l707">3.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42942 l3 ls702">Acquirees </span><span class="pp-class-166 pa t42942 l43422 ls228">are </span><span class="pp-class-166 pa t42942 l43423 ls564">recognised </span><span class="pp-class-166 pa t42942 l4183">in </span><span class="pp-class-166 pa t42942 l15162">the </span><span class="pp-class-166 pa t42942 l36668 ls1119">consolidated </span><span class="pp-class-166 pa t42942 l43424">financial </span><span class="pp-class-166 pa t42942 l43425 ls946">statements </span><span class="pp-class-166 pa t42942 l33705 ls267">from </span><span class="pp-class-166 pa t42942 l43426">the </span><span class="pp-class-166 pa t42942 l43427 ls1122">date </span><span class="pp-class-166 pa t43428 l3">of </span><span class="pp-class-166 pa t43428 l2457 ls428">acquisition. </span><span class="pp-class-166 pa t43428 l43429">The </span><span class="pp-class-166 pa t43428 l43430 ls1122">date </span><span class="pp-class-166 pa t43428 l10368">of </span><span class="pp-class-166 pa t43428 l43431 ls86">acquisition </span><span class="pp-class-166 pa t43428 l43432">is </span><span class="pp-class-166 pa t43428 l43433">the </span><span class="pp-class-166 pa t43428 l43434 ls1122">date </span><span class="pp-class-166 pa t43428 l43435">on </span><span class="pp-class-166 pa t43428 l43436">which </span><span class="pp-class-166 pa t43428 l43437">DSV </span><span class="pp-class-166 pa t43428 l43438 ls853">obtains </span><span class="pp-class-166 pa t43428 l43439 ls1766">control </span><span class="pp-class-166 pa t43440 l3">of </span><span class="pp-class-166 pa t43440 l43441 ls166">the </span><span class="pp-class-166 pa t43440 l43442 ls1502">company. </span><span class="pp-class-166 pa t43440 l43443">Entities </span><span class="pp-class-166 pa t43440 l43444">disposed </span><span class="pp-class-166 pa t43440 l43445">of </span><span class="pp-class-166 pa t43440 l43446 ls228">are </span><span class="pp-class-166 pa t43440 l43447 ls564">recognised </span><span class="pp-class-166 pa t43440 l43448">in </span><span class="pp-class-166 pa t43440 l43449">the </span><span class="pp-class-166 pa t43440 l43450 ls1119">consolidated </span><span class="pp-class-166 pa t43440 l43451 ls166">financial </span><span class="pp-class-166 pa t43452 l3 ls946">statements </span><span class="pp-class-166 pa t43452 l9047">until </span><span class="pp-class-166 pa t43452 l3162">the </span><span class="pp-class-166 pa t43452 l42416 ls1122">date </span><span class="pp-class-166 pa t43452 l5368">of </span><span class="pp-class-166 pa t43452 l43453">disposal. </span><span class="pp-class-166 pa t43452 l23123">The </span><span class="pp-class-166 pa t43452 l5762 ls1122">date </span><span class="pp-class-166 pa t43452 l27897">of </span><span class="pp-class-166 pa t43452 l5254">disposal </span><span class="pp-class-166 pa t43452 l43454">is </span><span class="pp-class-166 pa t43452 l43455">the </span><span class="pp-class-166 pa t43452 l21275 ls1122">date </span><span class="pp-class-166 pa t43452 l43456">on </span><span class="pp-class-166 pa t43452 l43457">which </span><span class="pp-class-166 pa t43458 l3">DSV </span><span class="pp-class-166 pa t43458 l202 ls147">surrenders </span><span class="pp-class-166 pa t43458 l33547 ls1766">control </span><span class="pp-class-166 pa t43458 l43459">of </span><span class="pp-class-166 pa t43458 l43460">the </span><span class="pp-class-166 pa t43458 l43461 ls1416">company.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43462 l3 ls4852">Management </span><span class="pp-class-170 pa t43462 l36376 ls4852">judgements </span><span class="pp-class-170 pa t43462 l36377 ls2257">and </span><span class="pp-class-170 pa t43462 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43463 l3">In </span><span class="pp-class-166 pa t43463 l1589">applying </span><span class="pp-class-166 pa t43463 l43464">the </span><span class="pp-class-166 pa t43463 l4194 ls86">acquisition </span><span class="pp-class-166 pa t43463 l43465 ls93">method </span><span class="pp-class-166 pa t43463 l43466">of </span><span class="pp-class-166 pa t43463 l43467 ls149">accounting, </span><span class="pp-class-166 pa t43463 l43468 ls1217">estimates </span><span class="pp-class-166 pa t43463 l43469 ls228">are </span><span class="pp-class-166 pa t43463 l43470">an </span><span class="pp-class-166 pa t43463 l43471 ls3962">integral </span><span class="pp-class-166 pa t43472 l3 ls2390">part </span><span class="pp-class-166 pa t43472 l41808">of </span><span class="pp-class-166 pa t43472 l22020 ls48">assessing </span><span class="pp-class-166 pa t43472 l43473 ls2307">fair </span><span class="pp-class-166 pa t43472 l43474 ls239">values </span><span class="pp-class-166 pa t43472 l36360">of </span><span class="pp-class-166 pa t43472 l43475 ls946">several </span><span class="pp-class-166 pa t43472 l43476">identifiable </span><span class="pp-class-166 pa t43472 l43477 ls4053">assets </span><span class="pp-class-166 pa t43472 l40246 ls265">acquired </span><span class="pp-class-166 pa t43472 l25769">and </span><span class="pp-class-166 pa t43472 l43478">liabilities </span><span class="pp-class-166 pa t43479 l3 ls394">assumed, </span><span class="pp-class-166 pa t43479 l43480">as </span><span class="pp-class-166 pa t43479 l43481 ls2390">observable </span><span class="pp-class-166 pa t43479 l3506 ls495">market </span><span class="pp-class-166 pa t43479 l19005 ls740">prices </span><span class="pp-class-166 pa t43479 l11882 ls228">are </span><span class="pp-class-166 pa t43479 l43482 ls1839">typically </span><span class="pp-class-166 pa t43479 l43483 ls1528">not </span><span class="pp-class-166 pa t43479 l43484 ls394">available.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43485 l3 ls52">Valuation </span><span class="pp-class-166 pa t43485 l32001 ls923">techniques </span><span class="pp-class-166 pa t43485 l43486 ls497">where </span><span class="pp-class-166 pa t43485 l43487 ls1217">estimates </span><span class="pp-class-166 pa t43485 l29996 ls228">are </span><span class="pp-class-166 pa t43485 l43488">applied </span><span class="pp-class-166 pa t43485 l43489 ls1839">typically </span><span class="pp-class-166 pa t43485 l10993 ls2500">relate </span><span class="pp-class-166 pa t43485 l22247 ls135">to </span><span class="pp-class-166 pa t43485 l43490 ls180">determining </span><span class="pp-class-166 pa t43491 l3">the </span><span class="pp-class-166 pa t43491 l1913 ls856">present </span><span class="pp-class-166 pa t43491 l43492 ls101">value </span><span class="pp-class-166 pa t43491 l5055">of </span><span class="pp-class-166 pa t43491 l15634 ls564">future </span><span class="pp-class-166 pa t43491 l42906 ls1428">uncertain </span><span class="pp-class-166 pa t43491 l43493 ls923">cash </span><span class="pp-class-166 pa t43491 l14586">flows </span><span class="pp-class-166 pa t43491 l43494">or </span><span class="pp-class-166 pa t43491 l43495 ls48">assessing </span><span class="pp-class-166 pa t43491 l5291 ls75">other </span><span class="pp-class-166 pa t43491 l43496 ls239">events </span><span class="pp-class-166 pa t43491 l43497">in </span><span class="pp-class-166 pa t43498 l3">which </span><span class="pp-class-166 pa t43498 l3668">the </span><span class="pp-class-166 pa t43498 l21730 ls614">outcome </span><span class="pp-class-166 pa t43498 l7109">is </span><span class="pp-class-166 pa t43498 l43499 ls1428">uncertain </span><span class="pp-class-166 pa t43498 l43500">at </span><span class="pp-class-166 pa t43498 l5992">the </span><span class="pp-class-166 pa t43498 l43501 ls1122">date </span><span class="pp-class-166 pa t43498 l43502">of </span><span class="pp-class-166 pa t43498 l43503 ls86">acquisition.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43504 l3 ls54">More </span><span class="pp-class-166 pa t43504 l43505 ls226">significant </span><span class="pp-class-166 pa t43504 l6743 ls1217">estimates </span><span class="pp-class-166 pa t43504 l33801 ls228">are </span><span class="pp-class-166 pa t43504 l43506 ls1839">typically </span><span class="pp-class-166 pa t43504 l43507">applied </span><span class="pp-class-166 pa t43504 l32139">in </span><span class="pp-class-166 pa t43504 l39794 ls946">accounting </span><span class="pp-class-166 pa t43504 l43508 ls228">for </span><span class="pp-class-166 pa t43504 l43509 ls1849">property, </span><span class="pp-class-166 pa t43510 l3">plant </span><span class="pp-class-166 pa t43510 l15290">and </span><span class="pp-class-166 pa t43510 l39497 ls4088">equipment, </span><span class="pp-class-166 pa t43510 l28250 ls740">customer </span><span class="pp-class-166 pa t43510 l43511 ls154">relationships, </span><span class="pp-class-166 pa t43510 l8866 ls1129">trade </span><span class="pp-class-166 pa t43510 l16192 ls1444">receivables </span><span class="pp-class-166 pa t43510 l43512">and </span><span class="pp-class-166 pa t43510 l9967 ls394">payables, </span><span class="pp-class-166 pa t43513 l3 ls704">contract </span><span class="pp-class-166 pa t43513 l20926 ls428">assets, </span><span class="pp-class-166 pa t43513 l16257 ls187">accrued </span><span class="pp-class-166 pa t43513 l13008 ls3490">cost </span><span class="pp-class-166 pa t43513 l43514">of </span><span class="pp-class-166 pa t43513 l43515 ls890">services, </span><span class="pp-class-166 pa t43513 l34213 ls228">deferred </span><span class="pp-class-166 pa t43513 l14767 ls1625">tax, </span><span class="pp-class-166 pa t43513 l43516 ls1026">ROU </span><span class="pp-class-166 pa t43513 l43517 ls428">assets, </span><span class="pp-class-166 pa t43513 l43518 ls101">lease </span><span class="pp-class-166 pa t43513 l43519">liabil-</span><span class="pp-class-166 pa t43520 l3">ities </span><span class="pp-class-166 pa t43520 l43521">and </span><span class="pp-class-166 pa t43520 l17851 ls946">borrowings, </span><span class="pp-class-166 pa t43520 l31009">and </span><span class="pp-class-166 pa t43520 l43522 ls740">provisions. </span><span class="pp-class-166 pa t43520 l26504 ls2388">As </span><span class="pp-class-166 pa t43520 l6944">a </span><span class="pp-class-166 pa t43520 l10379 ls564">result </span><span class="pp-class-166 pa t43520 l43523">of </span><span class="pp-class-166 pa t43520 l36754">the </span><span class="pp-class-166 pa t43520 l43524 ls1575">uncertainties </span><span class="pp-class-166 pa t43520 l43525 ls856">inherent</span><span class="pp-class-166 pa t43526 l3">in </span><span class="pp-class-166 pa t43526 l1746 ls2307">fair </span><span class="pp-class-166 pa t43526 l43527 ls101">value </span><span class="pp-class-166 pa t43526 l3087 ls239">estimation, </span><span class="pp-class-166 pa t43526 l30029 ls164">measurement </span><span class="pp-class-166 pa t43526 l30719">period </span><span class="pp-class-166 pa t43526 l43528 ls239">adjustments </span><span class="pp-class-166 pa t43526 l10939">may </span><span class="pp-class-166 pa t43526 l34048">be </span><span class="pp-class-166 pa t43526 l43529">applied.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t43530 l3 ls5682">Acquisitions </span><span class="pp-class-170 pa t43530 l43531 ls2257">and </span><span class="pp-class-170 pa t43530 l43532 ls28862">disposals</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43533 l3">On </span><span class="pp-class-166 pa t43533 l9340">30 </span><span class="pp-class-166 pa t43533 l9341">April </span><span class="pp-class-166 pa t43533 l9342">2025, </span><span class="pp-class-166 pa t43533 l9343">DSV </span><span class="pp-class-166 pa t43533 l466 ls265">acquired </span><span class="pp-class-166 pa t43533 l19963">100% </span><span class="pp-class-166 pa t43533 l20804">of </span><span class="pp-class-166 pa t43533 l43534">the </span><span class="pp-class-166 pa t43533 l43535">global </span><span class="pp-class-166 pa t43533 l43536 ls856">freight </span><span class="pp-class-166 pa t43533 l43537 ls3962">forwarding </span><span class="pp-class-166 pa t43538 l3">and </span><span class="pp-class-166 pa t43538 l1192 ls704">contract </span><span class="pp-class-166 pa t43538 l1526 ls1452">logistics </span><span class="pp-class-166 pa t43538 l43539 ls394">business </span><span class="pp-class-166 pa t43538 l43540">DB </span><span class="pp-class-166 pa t43538 l43541 ls234">Schenker </span><span class="pp-class-166 pa t43538 l33577 ls1418">(operated </span><span class="pp-class-166 pa t43538 l22434">by </span><span class="pp-class-166 pa t43538 l16277 ls234">Schenker </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43542 l3 ls1732">Aktiengesellschaft </span><span class="pp-class-166 pa t43542 l16568">and </span><span class="pp-class-166 pa t43542 l19905">its </span><span class="pp-class-166 pa t43542 l43543 ls226">affiliates) </span><span class="pp-class-166 pa t43542 l6333 ls267">from </span><span class="pp-class-166 pa t43542 l43544">Deutsche </span><span class="pp-class-166 pa t43542 l43545">Bahn </span><span class="pp-class-166 pa t43542 l43546 ls1444">AG.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t43547 l3 ls234">Schenker </span><span class="pp-class-166 pa t43547 l3376 ls1528">was </span><span class="pp-class-166 pa t43547 l3377">one </span><span class="pp-class-166 pa t43547 l3378">of </span><span class="pp-class-166 pa t43547 l3379">the </span><span class="pp-class-166 pa t43547 l3380 ls3381">world’s </span><span class="pp-class-166 pa t43547 l3382 ls455">leading </span><span class="pp-class-166 pa t43547 l3383 ls461">transport </span><span class="pp-class-166 pa t43547 l3384">and </span><span class="pp-class-166 pa t43547 l3385 ls1452">logistics </span><span class="pp-class-166 pa t43547 l3386 ls851">providers </span><span class="pp-class-166 pa t43547 l43548">with </span><span class="pp-class-166 pa t43549 l3 ls267">more </span><span class="pp-class-166 pa t43549 l3771">than </span><span class="pp-class-166 pa t43549 l3772">85,000 </span><span class="pp-class-166 pa t43549 l9830">employees. </span><span class="pp-class-166 pa t43549 l43550">The </span><span class="pp-class-166 pa t43549 l16142 ls187">company </span><span class="pp-class-166 pa t43549 l43551 ls3962">operated </span><span class="pp-class-166 pa t43549 l43552">land, </span><span class="pp-class-166 pa t43549 l14530">air </span><span class="pp-class-166 pa t43549 l13920">and </span><span class="pp-class-166 pa t43549 l21365 ls218">ocean </span><span class="pp-class-166 pa t43553 l3 ls4053">transportation </span><span class="pp-class-166 pa t43553 l23880 ls457">services </span><span class="pp-class-166 pa t43553 l1412">and </span><span class="pp-class-166 pa t43553 l36949 ls2081">offered </span><span class="pp-class-166 pa t43553 l43554 ls495">comprehensive </span><span class="pp-class-166 pa t43553 l23457 ls1452">logistics </span><span class="pp-class-166 pa t43553 l10785">and </span><span class="pp-class-166 pa t43553 l43555">global </span><span class="pp-class-166 pa t43556 l3">supply </span><span class="pp-class-166 pa t43556 l21848">chain </span><span class="pp-class-166 pa t43556 l21845">management </span><span class="pp-class-166 pa t43556 l43557">solutions. </span><span class="pp-class-166 pa t43556 l28754">In </span><span class="pp-class-166 pa t43556 l43558">2024, </span><span class="pp-class-166 pa t43556 l43559 ls234">Schenker </span><span class="pp-class-166 pa t43556 l43560 ls1418">generated </span><span class="pp-class-166 pa t43556 l43561 ls1410">revenue </span><span class="pp-class-166 pa t43562 l3">of </span><span class="pp-class-166 pa t43562 l2457 ls2432">approximately </span><span class="pp-class-166 pa t43562 l3396">DKK </span><span class="pp-class-166 pa t43562 l3397">143 </span><span class="pp-class-166 pa t43562 l1191">billion </span><span class="pp-class-166 pa t43562 l3398">(EUR </span><span class="pp-class-166 pa t43562 l3399">19.2 </span><span class="pp-class-166 pa t43562 l3400">billion).</span></p></div></div><div class="pp-class-4" id="pp-id-4494" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h43563 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t40744 l3 ls10280">Strategic </span><span class="pp-class-170 pa t40744 l27779 ls1466">rationale </span><span class="pp-class-170 pa t40744 l32176 ls2257">and </span><span class="pp-class-170 pa t40744 l43564 ls5287">synergies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t40745 l3">DSV </span><span class="pp-class-166 pa t40745 l202">has </span><span class="pp-class-166 pa t40745 l17851">a </span><span class="pp-class-166 pa t40745 l15127 ls1502">strong </span><span class="pp-class-166 pa t40745 l43565">M&amp;A </span><span class="pp-class-166 pa t40745 l43566 ls1129">track </span><span class="pp-class-166 pa t40745 l28529 ls2275">record, </span><span class="pp-class-166 pa t40745 l25792">and </span><span class="pp-class-166 pa t40745 l43567">with </span><span class="pp-class-166 pa t40745 l43568">the </span><span class="pp-class-166 pa t40745 l43569 ls2022">completion </span><span class="pp-class-166 pa t40745 l43570">of </span><span class="pp-class-166 pa t40745 l43571">the </span><span class="pp-class-166 pa t40745 l43572 ls86">acquisition </span><span class="pp-class-166 pa t40749 l3">of </span><span class="pp-class-166 pa t40749 l2457 ls234">Schenker </span><span class="pp-class-166 pa t40749 l29194 ls135">we </span><span class="pp-class-166 pa t40749 l43573 ls48">have </span><span class="pp-class-166 pa t40749 l43574 ls86">established </span><span class="pp-class-166 pa t40749 l43575">the </span><span class="pp-class-166 pa t40749 l26884">basis </span><span class="pp-class-166 pa t40749 l23038 ls228">for </span><span class="pp-class-166 pa t40749 l21417 ls86">sustainable </span><span class="pp-class-166 pa t40749 l27604 ls856">organic </span><span class="pp-class-166 pa t40749 l43576 ls234">growth </span><span class="pp-class-166 pa t40749 l43577">by </span><span class="pp-class-166 pa t41954 l3 ls1528">creating </span><span class="pp-class-166 pa t41954 l36341">a </span><span class="pp-class-166 pa t41954 l11605 ls158">world-leading </span><span class="pp-class-166 pa t41954 l43578">player </span><span class="pp-class-166 pa t41954 l15358">within </span><span class="pp-class-166 pa t41954 l30641">global </span><span class="pp-class-166 pa t41954 l43579 ls461">transport </span><span class="pp-class-166 pa t41954 l35970">and </span><span class="pp-class-166 pa t41954 l43580 ls1881">logistics. </span><span class="pp-class-166 pa t41954 l43581">Based </span><span class="pp-class-166 pa t40756 l3">on </span><span class="pp-class-166 pa t40756 l3683 ls1528">the </span><span class="pp-class-166 pa t40756 l3919 ls1740">2024 </span><span class="pp-class-166 pa t40756 l12233 ls3962">financials, </span><span class="pp-class-166 pa t40756 l43582 ls1528">the </span><span class="pp-class-166 pa t40756 l43583 ls2382">combined </span><span class="pp-class-166 pa t40756 l43584 ls73">company </span><span class="pp-class-166 pa t40756 l34414 ls1528">had </span><span class="pp-class-166 pa t40756 l43585 ls75">a </span><span class="pp-class-166 pa t40756 l34560 ls2325">proforma </span><span class="pp-class-166 pa t40756 l43586 ls83">revenue </span><span class="pp-class-166 pa t40756 l43587 ls1683">of </span><span class="pp-class-166 pa t40758 l3 ls10352">approximately </span><span class="pp-class-166 pa t40758 l43588 ls1528">DKK </span><span class="pp-class-166 pa t40758 l43589 ls1528">310 </span><span class="pp-class-166 pa t40758 l43590 ls1021">billion </span><span class="pp-class-166 pa t40758 l43591 ls1528">and </span><span class="pp-class-166 pa t40758 l8773 ls75">a </span><span class="pp-class-166 pa t40758 l43592 ls2311">total </span><span class="pp-class-166 pa t40758 l38053 ls2325">proforma </span><span class="pp-class-166 pa t40758 l43593 ls1186">workforce </span><span class="pp-class-166 pa t40758 l43594 ls2540">of </span><span class="pp-class-166 pa t40758 l43595 ls2690">around </span><span class="pp-class-166 pa t40766 l3 ls1021">160,000 </span><span class="pp-class-166 pa t40766 l43596 ls614">employees.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41981 l3 ls234">Schenker </span><span class="pp-class-166 pa t41981 l3376 ls1528">was </span><span class="pp-class-166 pa t41981 l3377">included </span><span class="pp-class-166 pa t41981 l8585">in </span><span class="pp-class-166 pa t41981 l8586">the </span><span class="pp-class-166 pa t41981 l1173 ls1119">consolidated </span><span class="pp-class-166 pa t41981 l36765">financial </span><span class="pp-class-166 pa t41981 l36455 ls946">statements </span><span class="pp-class-166 pa t41981 l43597">of </span><span class="pp-class-166 pa t41981 l43598">DSV </span><span class="pp-class-166 pa t41981 l43599 ls267">from </span><span class="pp-class-166 pa t40775 l3">1 </span><span class="pp-class-166 pa t40775 l2138 ls1026">May </span><span class="pp-class-166 pa t40775 l9838">2025, </span><span class="pp-class-166 pa t40775 l43600 ls856">thereby </span><span class="pp-class-166 pa t40775 l43601 ls428">contributing </span><span class="pp-class-166 pa t40775 l23379">with </span><span class="pp-class-166 pa t40775 l43602">eight </span><span class="pp-class-166 pa t40775 l43603">months </span><span class="pp-class-166 pa t40775 l33757 ls135">to </span><span class="pp-class-166 pa t40775 l24713 ls497">DSV’s </span><span class="pp-class-166 pa t40775 l43604">2025 </span><span class="pp-class-166 pa t40775 l43605">financial </span><span class="pp-class-166 pa t40777 l3 ls66">results. </span><span class="pp-class-166 pa t40777 l12387 ls1021">Synergies </span><span class="pp-class-166 pa t40777 l43606 ls228">are </span><span class="pp-class-166 pa t40777 l3599 ls70">expected </span><span class="pp-class-166 pa t40777 l43607 ls267">from </span><span class="pp-class-166 pa t40777 l12544">the </span><span class="pp-class-166 pa t40777 l43608 ls1575">consolidation </span><span class="pp-class-166 pa t40777 l6794">of </span><span class="pp-class-166 pa t40777 l43609 ls154">operations </span><span class="pp-class-166 pa t40777 l43610 ls702">across </span><span class="pp-class-166 pa t40782 l3">divisions, </span><span class="pp-class-166 pa t40782 l43611 ls1452">logistics </span><span class="pp-class-166 pa t40782 l37763 ls187">facilities </span><span class="pp-class-166 pa t40782 l43612">in </span><span class="pp-class-166 pa t40782 l10570 ls1122">Road </span><span class="pp-class-166 pa t40782 l39424">and </span><span class="pp-class-166 pa t40782 l37222 ls461">Contract </span><span class="pp-class-166 pa t40782 l18707 ls239">Logistics, </span><span class="pp-class-166 pa t40782 l43613 ls226">back-office </span><span class="pp-class-166 pa t42773 l3 ls3593">functions, </span><span class="pp-class-166 pa t42773 l43614 ls187">finance </span><span class="pp-class-166 pa t42773 l43615">and </span><span class="pp-class-166 pa t42773 l2033">IT </span><span class="pp-class-166 pa t42773 l2034 ls117">infrastructure.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t42003 l3 ls7491">Consideration </span><span class="pp-class-170 pa t42003 l43616 ls3137">transferred</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42009 l3">The </span><span class="pp-class-166 pa t42009 l1525 ls3782">consideration </span><span class="pp-class-166 pa t42009 l43617 ls228">for </span><span class="pp-class-166 pa t42009 l21877 ls234">Schenker </span><span class="pp-class-166 pa t42009 l43618 ls1528">was </span><span class="pp-class-166 pa t42009 l28078 ls461">settled </span><span class="pp-class-166 pa t42009 l43619 ls856">through </span><span class="pp-class-166 pa t42009 l43620">an </span><span class="pp-class-166 pa t42009 l43621 ls377">all-cash </span><span class="pp-class-166 pa t42009 l43622 ls750">transaction </span><span class="pp-class-166 pa t42009 l43623">of </span><span class="pp-class-166 pa t42017 l3">DKK </span><span class="pp-class-166 pa t42017 l3885">86,807 </span><span class="pp-class-166 pa t42017 l11341">million. </span><span class="pp-class-166 pa t42017 l37755 ls239">Please </span><span class="pp-class-166 pa t42017 l43624 ls1860">refer </span><span class="pp-class-166 pa t42017 l43625 ls135">to </span><span class="pp-class-166 pa t42017 l43626 ls461">Company </span><span class="pp-class-166 pa t42017 l22092 ls428">Announcement </span><span class="pp-class-166 pa t42017 l43627">no. </span><span class="pp-class-166 pa t42017 l43628">1154. </span><span class="pp-class-166 pa t42017 l43629">The </span><span class="pp-class-166 pa t42024 l3 ls234">net </span><span class="pp-class-166 pa t42024 l2647 ls923">cash </span><span class="pp-class-166 pa t42024 l38598 ls3968">outflow </span><span class="pp-class-166 pa t42024 l19270 ls1528">was </span><span class="pp-class-166 pa t42024 l43630">DKK </span><span class="pp-class-166 pa t42024 l43631">75,595 </span><span class="pp-class-166 pa t42024 l43632">million, </span><span class="pp-class-166 pa t42024 l43633">with </span><span class="pp-class-166 pa t42024 l43634">DKK </span><span class="pp-class-166 pa t42024 l43635">11,212 </span><span class="pp-class-166 pa t42024 l43636">million </span><span class="pp-class-166 pa t42024 l35588">in </span><span class="pp-class-166 pa t42024 l43637 ls923">cash </span><span class="pp-class-166 pa t42024 l43638">and </span><span class="pp-class-166 pa t42029 l3 ls923">cash </span><span class="pp-class-166 pa t42029 l43639 ls205">equivalents </span><span class="pp-class-166 pa t42029 l14579 ls702">acquired. </span><span class="pp-class-166 pa t42029 l11170 ls497">There </span><span class="pp-class-166 pa t42029 l43640 ls228">are </span><span class="pp-class-166 pa t42029 l7540">no </span><span class="pp-class-166 pa t42029 l14095 ls923">contingent </span><span class="pp-class-166 pa t42029 l43641 ls3782">consideration </span><span class="pp-class-166 pa t42029 l43642 ls2022">arrangements.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t42042 l3 ls696">Transaction </span><span class="pp-class-170 pa t42042 l38310 ls10404">costs</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42051 l3 ls3686">Total </span><span class="pp-class-166 pa t42051 l8908 ls750">transaction </span><span class="pp-class-166 pa t42051 l2484 ls1129">costs </span><span class="pp-class-166 pa t42051 l43643 ls564">recognised </span><span class="pp-class-166 pa t42051 l43644">in </span><span class="pp-class-166 pa t42051 l40297">2025 </span><span class="pp-class-166 pa t42051 l43645">amount </span><span class="pp-class-166 pa t42051 l27152 ls135">to </span><span class="pp-class-166 pa t42051 l43646">DKK </span><span class="pp-class-166 pa t42051 l43647">554 </span><span class="pp-class-166 pa t42051 l43648">million </span><span class="pp-class-166 pa t42051 l43649">(2024: </span><span class="pp-class-166 pa t42798 l3">DKK </span><span class="pp-class-166 pa t42798 l3885">196 </span><span class="pp-class-166 pa t42798 l10729">million). </span><span class="pp-class-166 pa t42798 l43650 ls1858">Transaction </span><span class="pp-class-166 pa t42798 l1138 ls1129">costs </span><span class="pp-class-166 pa t42798 l38737 ls228">are </span><span class="pp-class-166 pa t42798 l32898 ls702">presented </span><span class="pp-class-166 pa t42798 l42752">as </span><span class="pp-class-166 pa t42798 l43651">special </span><span class="pp-class-166 pa t42798 l43652 ls189">items.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t42055 l3 ls28862">Earnings </span><span class="pp-class-170 pa t42055 l14921 ls13149">impact</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42064 l3 ls2388">As </span><span class="pp-class-166 pa t42064 l4418">a </span><span class="pp-class-166 pa t42064 l6136 ls564">result </span><span class="pp-class-166 pa t42064 l43653">of </span><span class="pp-class-166 pa t42064 l43654">the </span><span class="pp-class-166 pa t42064 l43655 ls66">integration </span><span class="pp-class-166 pa t42064 l43656">of </span><span class="pp-class-166 pa t42064 l43657 ls234">Schenker </span><span class="pp-class-166 pa t42064 l43658 ls1122">into </span><span class="pp-class-166 pa t42064 l14380 ls73">DSV, </span><span class="pp-class-166 pa t42064 l43659">it </span><span class="pp-class-166 pa t42064 l43660">is </span><span class="pp-class-166 pa t42064 l43661 ls1528">not </span><span class="pp-class-166 pa t42064 l12639 ls394">possible </span><span class="pp-class-166 pa t42064 l22464 ls135">to </span><span class="pp-class-166 pa t42064 l34482">disclose </span><span class="pp-class-166 pa t42073 l3">the </span><span class="pp-class-166 pa t42073 l1913 ls394">earnings </span><span class="pp-class-166 pa t42073 l37606 ls3305">impact, </span><span class="pp-class-166 pa t42073 l43662">as </span><span class="pp-class-166 pa t42073 l43663">DSV </span><span class="pp-class-166 pa t42073 l43664">does </span><span class="pp-class-166 pa t42073 l43665 ls1528">not </span><span class="pp-class-166 pa t42073 l42086 ls10">maintain </span><span class="pp-class-166 pa t42073 l43666">financial </span><span class="pp-class-166 pa t42073 l43667 ls1428">reporting </span><span class="pp-class-166 pa t42073 l43668 ls48">capabilities </span><span class="pp-class-166 pa t42082 l3">that </span><span class="pp-class-166 pa t42082 l3494 ls856">provide </span><span class="pp-class-166 pa t42082 l43669 ls1217">detailed </span><span class="pp-class-166 pa t42082 l43670 ls1119">consolidated </span><span class="pp-class-166 pa t42082 l5523">financial </span><span class="pp-class-166 pa t42082 l43671 ls740">information </span><span class="pp-class-166 pa t42082 l43672 ls228">for </span><span class="pp-class-166 pa t42082 l43673">the </span><span class="pp-class-166 pa t42082 l7610 ls1502">separate</span><span class="pp-class-166 pa t42090 l3"/><span class="pp-class-166 pa t42090 l23741 ls5282">pre-acquisition </span><span class="pp-class-166 pa t42090 l43674 ls1575">consolidation </span><span class="pp-class-166 pa t42090 l43675 ls564">groups.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42104 l3 ls2275">If </span><span class="pp-class-166 pa t42104 l43676 ls2313">the </span><span class="pp-class-166 pa t42104 l13216 ls2289">acquisition </span><span class="pp-class-166 pa t42104 l33199 ls2313">had </span><span class="pp-class-166 pa t42104 l43677 ls7717">occurred </span><span class="pp-class-166 pa t42104 l10675 ls2275">on </span><span class="pp-class-166 pa t42104 l34176 ls1853">1 </span><span class="pp-class-166 pa t42104 l43678 ls2668">January </span><span class="pp-class-166 pa t42104 l43679 ls2321">2025, </span><span class="pp-class-166 pa t42104 l43680 ls5290">consolidated </span><span class="pp-class-166 pa t42104 l43681 ls19121">proforma </span><span class="pp-class-166 pa t42104 l43682 ls1165">revenue </span><span class="pp-class-166 pa t42117 l3">and </span><span class="pp-class-166 pa t42117 l1192 ls169">total </span><span class="pp-class-166 pa t42117 l43683 ls3238">proforma </span><span class="pp-class-166 pa t42117 l43684 ls564">profit </span><span class="pp-class-166 pa t42117 l43685">of </span><span class="pp-class-166 pa t42117 l43686">the </span><span class="pp-class-166 pa t42117 l26207 ls234">combined </span><span class="pp-class-166 pa t42117 l43687 ls497">Group </span><span class="pp-class-166 pa t42117 l43688 ls228">for </span><span class="pp-class-166 pa t42117 l43689">2025 </span><span class="pp-class-166 pa t42117 l6012 ls556">would </span><span class="pp-class-166 pa t42117 l43690 ls48">have </span><span class="pp-class-166 pa t42117 l43691">been </span><span class="pp-class-166 pa t42125 l3 ls2432">approximately </span><span class="pp-class-166 pa t42125 l3407">DKK </span><span class="pp-class-166 pa t42125 l3408">293,368 </span><span class="pp-class-166 pa t42125 l43692">million </span><span class="pp-class-166 pa t42125 l37221">and </span><span class="pp-class-166 pa t42125 l9367 ls2432">approximately </span><span class="pp-class-166 pa t42125 l43693">DKK </span><span class="pp-class-166 pa t42125 l32198">8,644 </span><span class="pp-class-166 pa t42125 l43694">million, </span><span class="pp-class-166 pa t42130 l3 ls2476">respectively.</span></p></div></div><div class="pp-class-4" id="pp-id-4495" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h5497 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3624 l3 ls28862">Disposal </span><span class="pp-class-170 pa t3624 l13295 ls3325">group</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3">With </span><span class="pp-class-166 pa t3330 l1919">the </span><span class="pp-class-166 pa t3330 l1920 ls86">acquisition </span><span class="pp-class-166 pa t3330 l3418">of </span><span class="pp-class-166 pa t3330 l3419 ls1536">Schenker, </span><span class="pp-class-166 pa t3330 l3420">DSV </span><span class="pp-class-166 pa t3330 l10694 ls455">assumed </span><span class="pp-class-166 pa t3330 l10695 ls1766">control </span><span class="pp-class-166 pa t3330 l10696 ls48">over </span><span class="pp-class-166 pa t3330 l10697 ls923">Schenker's </span><span class="pp-class-166 pa t3330 l10698 ls267">road </span><span class="pp-class-166 pa t3338 l3 ls3593">activities </span><span class="pp-class-166 pa t3338 l10699">in </span><span class="pp-class-166 pa t3338 l10700">the </span><span class="pp-class-166 pa t3338 l10701">US. </span><span class="pp-class-166 pa t3338 l10702 ls189">Part </span><span class="pp-class-166 pa t3338 l10703">of </span><span class="pp-class-166 pa t3338 l10704">the </span><span class="pp-class-166 pa t3338 l43695 ls3593">activities </span><span class="pp-class-166 pa t3338 l43696 ls2487">were </span><span class="pp-class-166 pa t3338 l43697 ls265">acquired </span><span class="pp-class-166 pa t3338 l43698">with </span><span class="pp-class-166 pa t3338 l43699">the </span><span class="pp-class-166 pa t3338 l43700 ls1428">intention </span><span class="pp-class-166 pa t3338 l43701">of </span><span class="pp-class-166 pa t3348 l3 ls564">future </span><span class="pp-class-166 pa t3348 l9041 ls856">resale, </span><span class="pp-class-166 pa t3348 l29411 ls851">resulting </span><span class="pp-class-166 pa t3348 l35432">in </span><span class="pp-class-166 pa t3348 l36837">a </span><span class="pp-class-166 pa t3348 l43702 ls2103">portion </span><span class="pp-class-166 pa t3348 l37154">of </span><span class="pp-class-166 pa t3348 l43703 ls234">Schenker </span><span class="pp-class-166 pa t3348 l7128">US </span><span class="pp-class-166 pa t3348 l10916 ls1122">Road </span><span class="pp-class-166 pa t3348 l11904 ls154">operations </span><span class="pp-class-166 pa t3348 l42518">being </span><span class="pp-class-166 pa t3360 l3 ls205">classified </span><span class="pp-class-166 pa t3360 l11117">as </span><span class="pp-class-166 pa t3360 l43704">a </span><span class="pp-class-166 pa t3360 l13341">disposal </span><span class="pp-class-166 pa t3360 l16303 ls497">group </span><span class="pp-class-166 pa t3360 l25811">held </span><span class="pp-class-166 pa t3360 l8710 ls228">for </span><span class="pp-class-166 pa t3360 l43705">sale </span><span class="pp-class-166 pa t3360 l43706">upon </span><span class="pp-class-166 pa t3360 l27554 ls86">acquisition </span><span class="pp-class-166 pa t3360 l43707">and </span><span class="pp-class-166 pa t3360 l43708 ls923">designated </span><span class="pp-class-166 pa t3373 l3">as </span><span class="pp-class-166 pa t3373 l2424 ls428">discontinued </span><span class="pp-class-166 pa t3373 l31443 ls977">operations. </span><span class="pp-class-166 pa t3373 l22790">The </span><span class="pp-class-166 pa t3373 l1569">disposal </span><span class="pp-class-166 pa t3373 l14818 ls497">group </span><span class="pp-class-166 pa t3373 l39574">held </span><span class="pp-class-166 pa t3373 l31512 ls228">for </span><span class="pp-class-166 pa t3373 l43709">sale </span><span class="pp-class-166 pa t3373 l43710 ls1528">was </span><span class="pp-class-166 pa t3373 l2276 ls1528">measured </span><span class="pp-class-166 pa t3373 l43711">at </span><span class="pp-class-166 pa t3682 l3 ls2307">fair </span><span class="pp-class-166 pa t3682 l36332 ls101">value </span><span class="pp-class-166 pa t3682 l9438 ls48">less </span><span class="pp-class-166 pa t3682 l43712 ls3490">cost </span><span class="pp-class-166 pa t3682 l43713 ls135">to </span><span class="pp-class-166 pa t3682 l43714">sell </span><span class="pp-class-166 pa t3682 l43715">at </span><span class="pp-class-166 pa t3682 l43716 ls86">acquisition </span><span class="pp-class-166 pa t3682 l43717 ls1122">date </span><span class="pp-class-166 pa t3682 l43718">and </span><span class="pp-class-166 pa t3682 l43719 ls1528">was </span><span class="pp-class-166 pa t3682 l43720">subsequently </span><span class="pp-class-166 pa t3682 l43721">sold </span><span class="pp-class-166 pa t3682 l43722">on</span><span class="pp-class-166 pa t3375 l3">31 </span><span class="pp-class-166 pa t3375 l4576 ls234">December </span><span class="pp-class-166 pa t3375 l43723">2025. </span><span class="pp-class-166 pa t3375 l43724 ls189">Since </span><span class="pp-class-166 pa t3375 l24241">the </span><span class="pp-class-166 pa t3375 l43725">disposal </span><span class="pp-class-166 pa t3375 l15343 ls497">group </span><span class="pp-class-166 pa t3375 l40537 ls1528">was </span><span class="pp-class-166 pa t3375 l37203">held </span><span class="pp-class-166 pa t3375 l43726 ls228">for </span><span class="pp-class-166 pa t3375 l43727">sale </span><span class="pp-class-166 pa t3375 l43728">on </span><span class="pp-class-166 pa t3375 l19462 ls428">acquisition, </span><span class="pp-class-166 pa t3387 l3 ls2179">analysis </span><span class="pp-class-166 pa t3387 l43729">of </span><span class="pp-class-166 pa t3387 l43730 ls48">loss </span><span class="pp-class-166 pa t3387 l43731 ls267">from </span><span class="pp-class-166 pa t3387 l23314 ls428">discontinued </span><span class="pp-class-166 pa t3387 l36615 ls154">operations </span><span class="pp-class-166 pa t3387 l43732">and </span><span class="pp-class-166 pa t3387 l14418">major </span><span class="pp-class-166 pa t3387 l7458 ls455">classes </span><span class="pp-class-166 pa t3387 l43733">of </span><span class="pp-class-166 pa t3387 l42453 ls4053">assets </span><span class="pp-class-166 pa t3387 l43734">and </span><span class="pp-class-166 pa t3395 l3">liabilities </span><span class="pp-class-166 pa t3395 l6178 ls228">are </span><span class="pp-class-166 pa t3395 l43735 ls1528">not </span><span class="pp-class-166 pa t3395 l25145 ls702">presented.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3406 l3"/></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t3722 l3 ls26738">Fair </span><span class="pp-class-170 pa t3722 l42733 ls1464">value </span><span class="pp-class-170 pa t3722 l3739 ls13149">of </span><span class="pp-class-170 pa t3722 l43736 ls6901">acquired </span><span class="pp-class-170 pa t3722 l43737 ls2257">net </span><span class="pp-class-170 pa t3722 l43738 ls10402">assets </span><span class="pp-class-170 pa t3722 l43739 ls2257">and </span><span class="pp-class-170 pa t3722 l43740 ls4459">recognised </span><span class="pp-class-170 pa t3722 l43741 ls1180">goodwill</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3728 l3 ls3342">Fair </span><span class="pp-class-166 pa t3728 l34964 ls101">value </span><span class="pp-class-166 pa t3728 l34965">of </span><span class="pp-class-166 pa t3728 l40251 ls265">acquired </span><span class="pp-class-166 pa t3728 l43742 ls234">net </span><span class="pp-class-166 pa t3728 l43743 ls4053">assets </span><span class="pp-class-166 pa t3728 l41144">has </span><span class="pp-class-166 pa t3728 l43744">been </span><span class="pp-class-166 pa t3728 l15220">identified </span><span class="pp-class-166 pa t3728 l43745">and </span><span class="pp-class-166 pa t3728 l7191">goodwill </span><span class="pp-class-166 pa t3728 l43746 ls5508">recognised. </span><span class="pp-class-166 pa t3417 l3 ls234">Net </span><span class="pp-class-166 pa t3417 l11333 ls428">assets, </span><span class="pp-class-166 pa t3417 l27891">goodwill </span><span class="pp-class-166 pa t3417 l37017">and </span><span class="pp-class-166 pa t3417 l43747 ls923">contingent </span><span class="pp-class-166 pa t3417 l29537 ls4053">assets </span><span class="pp-class-166 pa t3417 l25829">and </span><span class="pp-class-166 pa t3417 l13891">liabilities </span><span class="pp-class-166 pa t3417 l43748 ls564">recognised </span><span class="pp-class-166 pa t3417 l43749">at </span><span class="pp-class-166 pa t3417 l43750">the </span><span class="pp-class-166 pa t3427 l3 ls1428">reporting </span><span class="pp-class-166 pa t3427 l9924 ls1122">date </span><span class="pp-class-166 pa t3427 l23357 ls228">are </span><span class="pp-class-166 pa t3427 l43751 ls135">to </span><span class="pp-class-166 pa t3427 l5047">some </span><span class="pp-class-166 pa t3427 l43752 ls495">extent </span><span class="pp-class-166 pa t3427 l43753 ls556">still </span><span class="pp-class-166 pa t3427 l27714 ls2022">provisional. </span><span class="pp-class-166 pa t3427 l43754 ls239">Adjustments </span><span class="pp-class-166 pa t3427 l43755">may </span><span class="pp-class-166 pa t3427 l43756">be </span><span class="pp-class-166 pa t3427 l43757">applied </span><span class="pp-class-166 pa t3439 l3 ls135">to </span><span class="pp-class-166 pa t3439 l2457">these </span><span class="pp-class-166 pa t3439 l17860">amounts </span><span class="pp-class-166 pa t3439 l38778 ls228">for </span><span class="pp-class-166 pa t3439 l9363">a </span><span class="pp-class-166 pa t3439 l40969">period </span><span class="pp-class-166 pa t3439 l27308">of </span><span class="pp-class-166 pa t3439 l43758">up </span><span class="pp-class-166 pa t3439 l43759 ls135">to </span><span class="pp-class-166 pa t3439 l43760 ls189">twelve </span><span class="pp-class-166 pa t3439 l5271">months </span><span class="pp-class-166 pa t3439 l26802 ls267">from </span><span class="pp-class-166 pa t3439 l38139">the </span><span class="pp-class-166 pa t3439 l43761 ls86">acquisition </span><span class="pp-class-166 pa t3439 l29293 ls1122">date </span><span class="pp-class-166 pa t3451 l3">in </span><span class="pp-class-166 pa t3451 l1746 ls228">accordance </span><span class="pp-class-166 pa t3451 l15397">with </span><span class="pp-class-166 pa t3451 l8691">IFRS </span><span class="pp-class-166 pa t3451 l707">3. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3471 l3">The </span><span class="pp-class-166 pa t3471 l1525">major </span><span class="pp-class-166 pa t3471 l33674 ls2022">categories </span><span class="pp-class-166 pa t3471 l28416">of </span><span class="pp-class-166 pa t3471 l37001 ls234">net </span><span class="pp-class-166 pa t3471 l5784 ls4053">assets </span><span class="pp-class-166 pa t3471 l43762 ls228">for </span><span class="pp-class-166 pa t3471 l22090">which </span><span class="pp-class-166 pa t3471 l43763 ls1575">acquisitional </span><span class="pp-class-166 pa t3471 l43764 ls946">accounting </span><span class="pp-class-166 pa t3471 l37161">is </span><span class="pp-class-166 pa t3471 l43765 ls556">still </span><span class="pp-class-166 pa t3472 l3">ongoing </span><span class="pp-class-166 pa t3472 l1613">mainly </span><span class="pp-class-166 pa t3472 l43766 ls2500">relate </span><span class="pp-class-166 pa t3472 l43767 ls135">to </span><span class="pp-class-166 pa t3472 l13642 ls1849">property, </span><span class="pp-class-166 pa t3472 l5501">plant </span><span class="pp-class-166 pa t3472 l43768">and </span><span class="pp-class-166 pa t3472 l43769 ls4088">equipment, </span><span class="pp-class-166 pa t3472 l43770 ls704">contract </span><span class="pp-class-166 pa t3472 l43771 ls428">assets, </span><span class="pp-class-166 pa t3472 l10665">ac-</span><span class="pp-class-166 pa t3484 l3">crued </span><span class="pp-class-166 pa t3484 l43772 ls3490">cost </span><span class="pp-class-166 pa t3484 l33512">of </span><span class="pp-class-166 pa t3484 l16178 ls890">services, </span><span class="pp-class-166 pa t3484 l985 ls164">provisions </span><span class="pp-class-166 pa t3484 l23450">and </span><span class="pp-class-166 pa t3484 l43773 ls228">deferred </span><span class="pp-class-166 pa t3484 l9023 ls1740">taxes. </span><span class="pp-class-166 pa t3484 l37711">In </span><span class="pp-class-166 pa t3484 l8678">addition, </span><span class="pp-class-166 pa t3484 l43774 ls75">other </span><span class="pp-class-166 pa t3484 l43775">minor </span><span class="pp-class-166 pa t3493 l3 ls239">adjustments </span><span class="pp-class-166 pa t3493 l43776">may </span><span class="pp-class-166 pa t3493 l41890">be </span><span class="pp-class-166 pa t3493 l43777">applied </span><span class="pp-class-166 pa t3493 l43778 ls135">to </span><span class="pp-class-166 pa t3493 l39498">the </span><span class="pp-class-166 pa t3493 l1647 ls455">various </span><span class="pp-class-166 pa t3493 l1607 ls234">net </span><span class="pp-class-166 pa t3493 l43779 ls1428">asset </span><span class="pp-class-166 pa t3493 l38514 ls2022">categories </span><span class="pp-class-166 pa t3493 l43780">as </span><span class="pp-class-166 pa t3493 l43781">full </span><span class="pp-class-166 pa t3493 l43782">align-</span><span class="pp-class-166 pa t3503 l3">ment </span><span class="pp-class-166 pa t3503 l5719 ls135">to </span><span class="pp-class-166 pa t3503 l36770">DSV </span><span class="pp-class-166 pa t3503 l33947 ls946">accounting </span><span class="pp-class-166 pa t3503 l18880">policies </span><span class="pp-class-166 pa t3503 l43783">is </span><span class="pp-class-166 pa t3503 l43784">finalised. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3511 l3">The </span><span class="pp-class-166 pa t3511 l1525 ls2307">fair </span><span class="pp-class-166 pa t3511 l28440 ls101">value </span><span class="pp-class-166 pa t3511 l4421">of </span><span class="pp-class-166 pa t3511 l42011 ls265">acquired </span><span class="pp-class-166 pa t3511 l43785 ls1129">trade </span><span class="pp-class-166 pa t3511 l43786 ls1740">receivables, </span><span class="pp-class-166 pa t3511 l1741 ls704">contract </span><span class="pp-class-166 pa t3511 l5662 ls4053">assets </span><span class="pp-class-166 pa t3511 l1811">and </span><span class="pp-class-166 pa t3511 l43787 ls75">other </span><span class="pp-class-166 pa t3511 l3825 ls2500">receiv-</span><span class="pp-class-166 pa t3522 l3">ables </span><span class="pp-class-166 pa t3522 l16052">amounts </span><span class="pp-class-166 pa t3522 l43788 ls135">to </span><span class="pp-class-166 pa t3522 l41890">DKK </span><span class="pp-class-166 pa t3522 l5720">30,397 </span><span class="pp-class-166 pa t3522 l11431">million. </span><span class="pp-class-166 pa t3522 l14857 ls1831">Collectability </span><span class="pp-class-166 pa t3522 l5883">of </span><span class="pp-class-166 pa t3522 l43789 ls1444">receivables </span><span class="pp-class-166 pa t3522 l43790">has </span><span class="pp-class-166 pa t3522 l43791">been </span><span class="pp-class-166 pa t3532 l3 ls226">assessed </span><span class="pp-class-166 pa t3532 l4046">based </span><span class="pp-class-166 pa t3532 l18941">on </span><span class="pp-class-166 pa t3532 l26841 ls564">credit </span><span class="pp-class-166 pa t3532 l43792 ls158">assessment </span><span class="pp-class-166 pa t3532 l28107">policies </span><span class="pp-class-166 pa t3532 l36692">and </span><span class="pp-class-166 pa t3532 l43793 ls826">reflected </span><span class="pp-class-166 pa t3532 l43794">in </span><span class="pp-class-166 pa t3532 l14556">the </span><span class="pp-class-166 pa t3532 l43795 ls2307">fair </span><span class="pp-class-166 pa t3532 l43796 ls101">value.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3553 l3">Goodwill </span><span class="pp-class-166 pa t3553 l35194 ls564">recognised </span><span class="pp-class-166 pa t3553 l23666">mainly </span><span class="pp-class-166 pa t3553 l27854 ls1766">relates </span><span class="pp-class-166 pa t3553 l43797 ls135">to </span><span class="pp-class-166 pa t3553 l43798">the </span><span class="pp-class-166 pa t3553 l36828 ls1900">expertise </span><span class="pp-class-166 pa t3553 l39719">and </span><span class="pp-class-166 pa t3553 l43799">knowhow </span><span class="pp-class-166 pa t3553 l43800">of </span><span class="pp-class-166 pa t3553 l43801">the </span><span class="pp-class-166 pa t3562 l3 ls265">acquired </span><span class="pp-class-166 pa t3562 l6178 ls3381">workforce </span><span class="pp-class-166 pa t3562 l43802">and </span><span class="pp-class-166 pa t3562 l43803 ls70">expected </span><span class="pp-class-166 pa t3562 l43804 ls1217">synergies </span><span class="pp-class-166 pa t3562 l43805 ls267">from </span><span class="pp-class-166 pa t3562 l43806">the </span><span class="pp-class-166 pa t3562 l43807 ls66">integration </span><span class="pp-class-166 pa t3562 l43808 ls1122">into </span><span class="pp-class-166 pa t3562 l43809">the </span><span class="pp-class-166 pa t3573 l3">DSV </span><span class="pp-class-166 pa t3573 l202 ls564">Group. </span><span class="pp-class-166 pa t3573 l41849 ls946">Recognised </span><span class="pp-class-166 pa t3573 l28377">goodwill </span><span class="pp-class-166 pa t3573 l43810">is </span><span class="pp-class-166 pa t3573 l25135 ls3185">non-deductible </span><span class="pp-class-166 pa t3573 l43811 ls228">for </span><span class="pp-class-166 pa t3573 l43812 ls946">tax </span><span class="pp-class-166 pa t3573 l25905">purposes. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t5448 l3 ls26738">Fair </span><span class="pp-class-170 pa t5448 l42733 ls1464">value </span><span class="pp-class-170 pa t5448 l3739 ls30926">measurement</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3577 l3 ls1217">Material </span><span class="pp-class-166 pa t3577 l21073 ls234">net </span><span class="pp-class-166 pa t3577 l2544 ls4053">assets </span><span class="pp-class-166 pa t3577 l8822 ls265">acquired </span><span class="pp-class-166 pa t3577 l5017 ls228">for </span><span class="pp-class-166 pa t3577 l43813">which </span><span class="pp-class-166 pa t3577 l43814 ls226">significant </span><span class="pp-class-166 pa t3577 l43815 ls1217">estimates </span><span class="pp-class-166 pa t3577 l3749 ls48">have </span><span class="pp-class-166 pa t3577 l43816">been </span><span class="pp-class-166 pa t3577 l43817">applied </span><span class="pp-class-166 pa t3586 l3">in </span><span class="pp-class-166 pa t3586 l1746">the </span><span class="pp-class-166 pa t3586 l1747 ls2307">fair </span><span class="pp-class-166 pa t3586 l23052 ls101">value </span><span class="pp-class-166 pa t3586 l15021 ls158">assessment </span><span class="pp-class-166 pa t3586 l43818 ls48">have </span><span class="pp-class-166 pa t3586 l3843">been </span><span class="pp-class-166 pa t3586 l43819 ls564">recognised </span><span class="pp-class-166 pa t3586 l30480">using </span><span class="pp-class-166 pa t3586 l43820">the </span><span class="pp-class-166 pa t3586 l16300 ls851">following </span><span class="pp-class-166 pa t3586 l5585 ls394">valuation </span><span class="pp-class-166 pa t3596 l3 ls2471">techniques:</span></p></div></div><div class="pp-class-4" id="pp-id-4496" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h3319 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3624 l3 ls1418">Property, </span><span class="pp-class-172 pa t3624 l20242">plant </span><span class="pp-class-172 pa t3624 l43821">and </span><span class="pp-class-172 pa t3624 l43822">equipment </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3330 l3 ls3342">Fair </span><span class="pp-class-166 pa t3330 l34964 ls101">value </span><span class="pp-class-166 pa t3330 l34965">of </span><span class="pp-class-166 pa t3330 l40251">individual </span><span class="pp-class-166 pa t3330 l35050 ls234">material </span><span class="pp-class-166 pa t3330 l43823 ls1849">property, </span><span class="pp-class-166 pa t3330 l15447">plant </span><span class="pp-class-166 pa t3330 l43824">and </span><span class="pp-class-166 pa t3330 l43825">equipment </span><span class="pp-class-166 pa t3330 l34259 ls4053">assets </span><span class="pp-class-166 pa t3330 l15325">has </span><span class="pp-class-166 pa t3330 l43826">been </span><span class="pp-class-166 pa t3338 l3 ls1528">measured </span><span class="pp-class-166 pa t3338 l22264">based </span><span class="pp-class-166 pa t3338 l43827">on </span><span class="pp-class-166 pa t3338 l4245 ls59">external </span><span class="pp-class-166 pa t3338 l43828 ls495">market </span><span class="pp-class-166 pa t3338 l14746 ls205">valuations </span><span class="pp-class-166 pa t3338 l42612 ls234">carried </span><span class="pp-class-166 pa t3338 l6758">out </span><span class="pp-class-166 pa t3338 l43829">by </span><span class="pp-class-166 pa t3338 l24909 ls2307">professional </span><span class="pp-class-166 pa t3348 l3 ls154">appraisers </span><span class="pp-class-166 pa t3348 l25921">and </span><span class="pp-class-166 pa t3348 l32811 ls101">assessments </span><span class="pp-class-166 pa t3348 l43830">of </span><span class="pp-class-166 pa t3348 l43831 ls740">prices </span><span class="pp-class-166 pa t3348 l43832">on </span><span class="pp-class-166 pa t3348 l43833">an </span><span class="pp-class-166 pa t3348 l4582 ls9321">active </span><span class="pp-class-166 pa t3348 l43834 ls1732">market.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3373 l3 ls2540">Customer </span><span class="pp-class-172 pa t3373 l38979 ls2022">relationships </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3682 l3 ls6056">Customer </span><span class="pp-class-166 pa t3682 l26101 ls3238">relationships </span><span class="pp-class-166 pa t3682 l43835 ls3490">have </span><span class="pp-class-166 pa t3682 l36478 ls1740">been </span><span class="pp-class-166 pa t3682 l43836 ls6399">measured </span><span class="pp-class-166 pa t3682 l43837 ls2061">using </span><span class="pp-class-166 pa t3682 l43838 ls75">a </span><span class="pp-class-166 pa t3682 l27160 ls3962">multiperiod </span><span class="pp-class-166 pa t3682 l43839 ls2313">excess </span><span class="pp-class-166 pa t3682 l5323 ls1410">earnings </span><span class="pp-class-166 pa t3375 l3 ls2061">model </span><span class="pp-class-166 pa t3375 l2425 ls1021">(MPEE), </span><span class="pp-class-166 pa t3375 l16071 ls2540">by </span><span class="pp-class-166 pa t3375 l28600 ls2061">which </span><span class="pp-class-166 pa t3375 l43840 ls1528">the </span><span class="pp-class-166 pa t3375 l43841 ls6399">present </span><span class="pp-class-166 pa t3375 l43842 ls2236">value </span><span class="pp-class-166 pa t3375 l43843 ls2540">of </span><span class="pp-class-166 pa t3375 l13722 ls1402">future </span><span class="pp-class-166 pa t3375 l43844 ls1343">cash </span><span class="pp-class-166 pa t3375 l43845 ls2061">flows </span><span class="pp-class-166 pa t3375 l43846 ls10010">from </span><span class="pp-class-166 pa t3375 l3359 ls3181">recurring </span><span class="pp-class-166 pa t3387 l3 ls704">contract </span><span class="pp-class-166 pa t3387 l20926 ls1217">customers </span><span class="pp-class-166 pa t3387 l34389 ls70">expected </span><span class="pp-class-166 pa t3387 l43847 ls135">to </span><span class="pp-class-166 pa t3387 l11590">be </span><span class="pp-class-166 pa t3387 l43848 ls1416">retained </span><span class="pp-class-166 pa t3387 l2579 ls101">after </span><span class="pp-class-166 pa t3387 l43849">the </span><span class="pp-class-166 pa t3387 l4886 ls1122">date </span><span class="pp-class-166 pa t3387 l21314">of </span><span class="pp-class-166 pa t3387 l10297 ls86">acquisition </span><span class="pp-class-166 pa t3387 l43850">has </span><span class="pp-class-166 pa t3395 l3">been </span><span class="pp-class-166 pa t3395 l23971 ls1217">valuated </span><span class="pp-class-166 pa t3395 l21599">using </span><span class="pp-class-166 pa t3395 l14833">a </span><span class="pp-class-166 pa t3395 l664 ls12989">peer-group </span><span class="pp-class-166 pa t3395 l2246 ls2255">WACC </span><span class="pp-class-166 pa t3395 l43851">of </span><span class="pp-class-166 pa t3395 l43852">8.25% </span><span class="pp-class-166 pa t3395 l32526">as </span><span class="pp-class-166 pa t3395 l32036 ls234">discount </span><span class="pp-class-166 pa t3395 l42620 ls54">rate. </span><span class="pp-class-166 pa t3395 l12239">In </span><span class="pp-class-166 pa t3395 l43853 ls1822">total, </span><span class="pp-class-166 pa t3406 l3 ls740">customer </span><span class="pp-class-166 pa t3406 l1966 ls180">relationships </span><span class="pp-class-166 pa t3406 l43854">amounting </span><span class="pp-class-166 pa t3406 l28553 ls135">to </span><span class="pp-class-166 pa t3406 l5957">DKK </span><span class="pp-class-166 pa t3406 l21640">1,627 </span><span class="pp-class-166 pa t3406 l43855">million </span><span class="pp-class-166 pa t3406 l6482 ls48">have </span><span class="pp-class-166 pa t3406 l28056">been </span><span class="pp-class-166 pa t3406 l43856">included </span><span class="pp-class-166 pa t3406 l43857">in </span><span class="pp-class-166 pa t3722 l3">the </span><span class="pp-class-166 pa t3722 l1913">opening </span><span class="pp-class-166 pa t3722 l43858 ls234">balance. </span><span class="pp-class-166 pa t3722 l39803">The </span><span class="pp-class-166 pa t3722 l2694">main </span><span class="pp-class-166 pa t3722 l1819">input </span><span class="pp-class-166 pa t3722 l27564 ls101">value </span><span class="pp-class-166 pa t3722 l43859 ls455">drivers </span><span class="pp-class-166 pa t3722 l43860">in </span><span class="pp-class-166 pa t3722 l43861">the </span><span class="pp-class-166 pa t3722 l43862">MPEE </span><span class="pp-class-166 pa t3722 l43863">model </span><span class="pp-class-166 pa t3722 l22423">used </span><span class="pp-class-166 pa t3722 l43864 ls228">are </span><span class="pp-class-166 pa t3728 l3 ls1528">the </span><span class="pp-class-166 pa t3728 l11270 ls54">estimated </span><span class="pp-class-166 pa t3728 l3773 ls1402">future </span><span class="pp-class-166 pa t3728 l43865 ls10010">retention </span><span class="pp-class-166 pa t3728 l43866 ls1663">rate </span><span class="pp-class-166 pa t3728 l25879 ls1528">and </span><span class="pp-class-166 pa t3728 l43867 ls1416">net </span><span class="pp-class-166 pa t3728 l43645 ls1343">cash </span><span class="pp-class-166 pa t3728 l43868 ls1740">flow </span><span class="pp-class-166 pa t3728 l43869 ls2540">of </span><span class="pp-class-166 pa t3728 l43870 ls1528">the </span><span class="pp-class-166 pa t3728 l37596 ls2834">acquired </span><span class="pp-class-166 pa t3728 l43871 ls135">contract </span><span class="pp-class-166 pa t3417 l3 ls740">customer </span><span class="pp-class-166 pa t3417 l1966">base. </span><span class="pp-class-166 pa t3417 l8783">These </span><span class="pp-class-166 pa t3417 l43872">inputs </span><span class="pp-class-166 pa t3417 l37975 ls48">have </span><span class="pp-class-166 pa t3417 l43873">been </span><span class="pp-class-166 pa t3417 l43874 ls1217">estimated </span><span class="pp-class-166 pa t3417 l43875">based </span><span class="pp-class-166 pa t3417 l43876">on </span><span class="pp-class-166 pa t3417 l43877 ls1528">Management’s </span><span class="pp-class-166 pa t3427 l3 ls2307">professional </span><span class="pp-class-166 pa t3427 l43878">judgement </span><span class="pp-class-166 pa t3427 l36383 ls267">from </span><span class="pp-class-166 pa t3427 l43879 ls2179">analysis </span><span class="pp-class-166 pa t3427 l3643">of </span><span class="pp-class-166 pa t3427 l43880">the </span><span class="pp-class-166 pa t3427 l43881 ls265">acquired </span><span class="pp-class-166 pa t3427 l43882 ls740">customer </span><span class="pp-class-166 pa t3427 l15569">base, </span><span class="pp-class-166 pa t3427 l16157 ls164">historical </span><span class="pp-class-166 pa t3439 l3 ls180">data, </span><span class="pp-class-166 pa t3439 l43883 ls189">experience </span><span class="pp-class-166 pa t3439 l43884 ls267">from </span><span class="pp-class-166 pa t3439 l43885 ls66">previous </span><span class="pp-class-166 pa t3439 l14638 ls428">acquisitions </span><span class="pp-class-166 pa t3439 l43886">and </span><span class="pp-class-166 pa t3439 l31732 ls59">general </span><span class="pp-class-166 pa t3439 l43887 ls394">business </span><span class="pp-class-166 pa t3439 l11113 ls12199">insight.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3466 l3 ls1462">Trade </span><span class="pp-class-172 pa t3466 l42791 ls2432">receivables </span><span class="pp-class-172 pa t3466 l32828">and </span><span class="pp-class-172 pa t3466 l31614 ls101">payables, </span><span class="pp-class-172 pa t3466 l43888 ls1119">contract </span><span class="pp-class-172 pa t3466 l43889 ls704">assets </span><span class="pp-class-172 pa t3466 l43890">and </span><span class="pp-class-172 pa t3466 l43891 ls75">accrued </span><span class="pp-class-172 pa t3466 l43892 ls2307">cost </span><span class="pp-class-172 pa t3466 l43893">of </span><span class="pp-class-172 pa t3466 l43894 ls951">services</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3471 l3 ls3342">Fair </span><span class="pp-class-166 pa t3471 l34964 ls101">value </span><span class="pp-class-166 pa t3471 l34965">of </span><span class="pp-class-166 pa t3471 l40251 ls1129">trade </span><span class="pp-class-166 pa t3471 l43895 ls1444">receivables </span><span class="pp-class-166 pa t3471 l43896">and </span><span class="pp-class-166 pa t3471 l43897 ls1129">trade </span><span class="pp-class-166 pa t3471 l10670 ls394">payables, </span><span class="pp-class-166 pa t3471 l43898 ls704">contract </span><span class="pp-class-166 pa t3471 l2493 ls4053">assets </span><span class="pp-class-166 pa t3471 l5664">and </span><span class="pp-class-166 pa t3471 l26202 ls187">accrued </span><span class="pp-class-166 pa t3472 l3 ls3490">cost </span><span class="pp-class-166 pa t3472 l10527">of </span><span class="pp-class-166 pa t3472 l38319 ls457">services </span><span class="pp-class-166 pa t3472 l37238">has </span><span class="pp-class-166 pa t3472 l43899">been </span><span class="pp-class-166 pa t3472 l43900 ls1528">measured </span><span class="pp-class-166 pa t3472 l10177">at </span><span class="pp-class-166 pa t3472 l43901">the </span><span class="pp-class-166 pa t3472 l43902 ls4053">contractual </span><span class="pp-class-166 pa t3472 l40558">amount </span><span class="pp-class-166 pa t3472 l43903 ls70">expected </span><span class="pp-class-166 pa t3472 l43904 ls135">to </span><span class="pp-class-166 pa t3472 l43905">be </span><span class="pp-class-166 pa t3484 l3 ls1416">received </span><span class="pp-class-166 pa t3484 l9787">or </span><span class="pp-class-166 pa t3484 l11141">paid. </span><span class="pp-class-166 pa t3484 l12026">In </span><span class="pp-class-166 pa t3484 l43906">addition, </span><span class="pp-class-166 pa t3484 l35523 ls1595">collectability </span><span class="pp-class-166 pa t3484 l43907">has </span><span class="pp-class-166 pa t3484 l38595">been </span><span class="pp-class-166 pa t3484 l43908 ls497">taken </span><span class="pp-class-166 pa t3484 l43909 ls1122">into </span><span class="pp-class-166 pa t3484 l39032 ls3782">consideration </span><span class="pp-class-166 pa t3484 l30590">on </span><span class="pp-class-166 pa t3493 l3 ls1129">trade </span><span class="pp-class-166 pa t3493 l2858 ls1740">receivables. </span><span class="pp-class-166 pa t3493 l12459">The </span><span class="pp-class-166 pa t3493 l31448">amounts </span><span class="pp-class-166 pa t3493 l19448 ls48">have </span><span class="pp-class-166 pa t3493 l32876 ls1528">not </span><span class="pp-class-166 pa t3493 l12312">been </span><span class="pp-class-166 pa t3493 l29507 ls189">discounted, </span><span class="pp-class-166 pa t3493 l43910">as </span><span class="pp-class-166 pa t3493 l43911 ls1617">maturity </span><span class="pp-class-166 pa t3493 l43912">on </span><span class="pp-class-166 pa t3493 l43913 ls1129">trade </span><span class="pp-class-166 pa t3503 l3 ls1444">receivables </span><span class="pp-class-166 pa t3503 l43914">and </span><span class="pp-class-166 pa t3503 l42321 ls1129">trade </span><span class="pp-class-166 pa t3503 l43915 ls394">payables </span><span class="pp-class-166 pa t3503 l12832 ls1217">generally </span><span class="pp-class-166 pa t3503 l43916">is </span><span class="pp-class-166 pa t3503 l43917 ls2030">very </span><span class="pp-class-166 pa t3503 l34024 ls2030">short </span><span class="pp-class-166 pa t3503 l43918">and </span><span class="pp-class-166 pa t3503 l43919">the </span><span class="pp-class-166 pa t3503 l43920 ls946">discounted </span><span class="pp-class-166 pa t3503 l43921 ls2221">effect </span><span class="pp-class-166 pa t3817 l3 ls96">therefore </span><span class="pp-class-166 pa t3817 l43922 ls923">immaterial.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t3522 l3 ls101">Financial </span><span class="pp-class-172 pa t3522 l23490">liabilities </span><span class="pp-class-172 pa t3522 l11942">and </span><span class="pp-class-172 pa t3522 l35183 ls2540">provisions</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3532 l3 ls75">Lease </span><span class="pp-class-166 pa t3532 l26538">liabilities </span><span class="pp-class-166 pa t3532 l11963 ls48">have </span><span class="pp-class-166 pa t3532 l43923">been </span><span class="pp-class-166 pa t3532 l43924 ls1528">measured </span><span class="pp-class-166 pa t3532 l10436">at </span><span class="pp-class-166 pa t3532 l43925">the </span><span class="pp-class-166 pa t3532 l29358 ls856">present </span><span class="pp-class-166 pa t3532 l43926 ls101">value </span><span class="pp-class-166 pa t3532 l19506">of </span><span class="pp-class-166 pa t3532 l19507">the </span><span class="pp-class-166 pa t3532 l43927 ls851">remaining </span><span class="pp-class-166 pa t3532 l43928 ls101">lease </span><span class="pp-class-166 pa t3542 l3">payments </span><span class="pp-class-166 pa t3542 l43929">at </span><span class="pp-class-166 pa t3542 l43930">the </span><span class="pp-class-166 pa t3542 l43931 ls86">acquisition </span><span class="pp-class-166 pa t3542 l8537 ls1122">date </span><span class="pp-class-166 pa t3542 l43932 ls946">discounted </span><span class="pp-class-166 pa t3542 l43933">using </span><span class="pp-class-166 pa t3542 l43934">an </span><span class="pp-class-166 pa t3542 l43935 ls5508">appropriate </span><span class="pp-class-166 pa t3542 l43936 ls495">incremental </span><span class="pp-class-166 pa t3553 l3 ls856">borrowing </span><span class="pp-class-166 pa t3553 l23671 ls54">rate. </span><span class="pp-class-166 pa t3553 l43937">Other </span><span class="pp-class-166 pa t3553 l705">financial </span><span class="pp-class-166 pa t3553 l43938">liabilities </span><span class="pp-class-166 pa t3553 l43939">and </span><span class="pp-class-166 pa t3553 l23773 ls164">provisions </span><span class="pp-class-166 pa t3553 l43940 ls48">have </span><span class="pp-class-166 pa t3553 l21597">been </span><span class="pp-class-166 pa t3553 l31325 ls1528">measured </span><span class="pp-class-166 pa t3553 l43941">at </span><span class="pp-class-166 pa t3562 l3">the </span><span class="pp-class-166 pa t3562 l1913 ls856">present </span><span class="pp-class-166 pa t3562 l43492 ls101">value </span><span class="pp-class-166 pa t3562 l5055">of </span><span class="pp-class-166 pa t3562 l15634">the </span><span class="pp-class-166 pa t3562 l28890 ls107">repayable </span><span class="pp-class-166 pa t3562 l43942">amounts </span><span class="pp-class-166 pa t3562 l43943 ls946">discounted </span><span class="pp-class-166 pa t3562 l43944">using </span><span class="pp-class-166 pa t3562 l43945">a </span><span class="pp-class-166 pa t3562 l43946 ls497">representative </span><span class="pp-class-166 pa t3573 l3">DSV </span><span class="pp-class-166 pa t3573 l202 ls856">borrowing </span><span class="pp-class-166 pa t3573 l43947 ls54">rate, </span><span class="pp-class-166 pa t3573 l30024 ls239">unless </span><span class="pp-class-166 pa t3573 l19561">the </span><span class="pp-class-166 pa t3573 l43948 ls234">discount </span><span class="pp-class-166 pa t3573 l32409 ls2221">effect </span><span class="pp-class-166 pa t3573 l14657">is </span><span class="pp-class-166 pa t3573 l21537 ls3593">insignificant. </span><span class="pp-class-166 pa t3573 l21756">A </span><span class="pp-class-166 pa t3573 l12736">DSV </span><span class="pp-class-166 pa t3573 l14444 ls1396">borrow-</span><span class="pp-class-166 pa t3884 l3">ing </span><span class="pp-class-166 pa t3884 l2182 ls5905">rate </span><span class="pp-class-166 pa t3884 l43949">has </span><span class="pp-class-166 pa t3884 l519">been </span><span class="pp-class-166 pa t3884 l1634">applied </span><span class="pp-class-166 pa t3884 l33542">as </span><span class="pp-class-166 pa t3884 l43950">DSV </span><span class="pp-class-166 pa t3884 l43783 ls455">vouches </span><span class="pp-class-166 pa t3884 l43951 ls228">for </span><span class="pp-class-166 pa t3884 l27860">the </span><span class="pp-class-166 pa t3884 l43952 ls265">acquired </span><span class="pp-class-166 pa t3884 l26537 ls4153">debt, </span><span class="pp-class-166 pa t3884 l13988 ls189">hence </span><span class="pp-class-166 pa t3884 l43953">the </span><span class="pp-class-166 pa t5448 l3 ls564">credit </span><span class="pp-class-166 pa t5448 l9100 ls86">enhancement </span><span class="pp-class-166 pa t5448 l10745">of </span><span class="pp-class-166 pa t5448 l43954">the </span><span class="pp-class-166 pa t5448 l9789 ls497">Group </span><span class="pp-class-166 pa t5448 l1075">has </span><span class="pp-class-166 pa t5448 l9366">been </span><span class="pp-class-166 pa t5448 l25848">applied </span><span class="pp-class-166 pa t5448 l43955">in </span><span class="pp-class-166 pa t5448 l21419">the </span><span class="pp-class-166 pa t5448 l34530 ls205">valuation. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t3586 l3">The </span><span class="pp-class-166 pa t3586 l1525 ls740">provisional </span><span class="pp-class-166 pa t3586 l2447 ls2307">fair </span><span class="pp-class-166 pa t3586 l3912 ls101">value </span><span class="pp-class-166 pa t3586 l26049">of </span><span class="pp-class-166 pa t3586 l43956">identified </span><span class="pp-class-166 pa t3586 l43957 ls234">net </span><span class="pp-class-166 pa t3586 l43958 ls4053">assets </span><span class="pp-class-166 pa t3586 l40288">and </span><span class="pp-class-166 pa t3586 l43959">goodwill </span><span class="pp-class-166 pa t3586 l43960 ls564">recognised </span><span class="pp-class-166 pa t3586 l43961">may </span><span class="pp-class-166 pa t3596 l3">be </span><span class="pp-class-166 pa t3596 l3695">specified </span><span class="pp-class-166 pa t3596 l20927">as </span><span class="pp-class-166 pa t3596 l42473 ls455">follows:</span></p></div></div><div class="pp-class-4" id="pp-id-4497" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h5497 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l3">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43962 l3 ls2382">Assets </span><span class="pp-class-170 pa t43962 l41063 ls2282">identified </span><span class="pp-class-170 pa t43962 l43963 ls1866">at </span><span class="pp-class-170 pa t43962 l43964 ls6662">fair </span><span class="pp-class-170 pa t43962 l43965 ls2275">value </span><span class="pp-class-170 pa t43962 l43966 ls2693">(provisional)</span><span class="pp-class-166 pa t43962 l43967"/></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43968 l3 ls59">Customer </span><span class="pp-class-166 pa t43968 l15471 ls2022">relationships</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43968 l28456">1,627</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43969 l3">Other </span><span class="pp-class-166 pa t43969 l4385 ls149">intangible </span><span class="pp-class-166 pa t43969 l5423 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43969 l28132">725</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43970 l3 ls977">Right-of-use </span><span class="pp-class-166 pa t43970 l35165 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43970 l28456">8,642</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43971 l3 ls218">Property, </span><span class="pp-class-166 pa t43971 l33685">plant </span><span class="pp-class-166 pa t43971 l35166">and </span><span class="pp-class-166 pa t43971 l26074">equipment</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43971 l28139">17,827</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43972 l3 ls1462">Trade </span><span class="pp-class-166 pa t43972 l8738 ls4405">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43972 l28139">21,894</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43973 l3 ls461">Contract </span><span class="pp-class-166 pa t43973 l659 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43973 l28456">4,258</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43974 l3 ls977">Inventories</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43974 l28210">40</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43975 l3 ls228">Deferred </span><span class="pp-class-166 pa t43975 l13539 ls946">tax </span><span class="pp-class-166 pa t43975 l35167 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43975 l28456">2,209</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43976 l3">Other </span><span class="pp-class-166 pa t43976 l4385 ls4405">receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43976 l28456">4,245</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43977 l3 ls4015">Cash </span><span class="pp-class-166 pa t43977 l2927">and </span><span class="pp-class-166 pa t43977 l35112 ls923">cash </span><span class="pp-class-166 pa t43977 l1854 ls205">equivalents</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43977 l28139">11,212</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43978 l3 ls457">Assets </span><span class="pp-class-166 pa t43978 l35178">held </span><span class="pp-class-166 pa t43978 l6293 ls228">for </span><span class="pp-class-166 pa t43978 l8770">sale</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43978 l28456">1,320</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43979 l3 ls15293">Total </span><span class="pp-class-170 pa t43979 l34893 ls2786">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43979 l38040 ls2688">73,999</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43980 l3 ls2786">Liabilities </span><span class="pp-class-170 pa t43980 l5645 ls2282">identified </span><span class="pp-class-170 pa t43980 l43981 ls1866">at </span><span class="pp-class-170 pa t43980 l43982 ls6662">fair </span><span class="pp-class-170 pa t43980 l7208 ls2275">value </span><span class="pp-class-170 pa t43980 l43983 ls2693">(provisional)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43984 l3 ls75">Lease </span><span class="pp-class-166 pa t43984 l26538">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43984 l28456">8,593</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43985 l3 ls856">Borrowings</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43985 l28139">13,645</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43986 l3 ls2236">Provisions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43986 l28456">8,108</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43987 l3 ls66">Pensions </span><span class="pp-class-166 pa t43987 l35194">and </span><span class="pp-class-166 pa t43987 l21837 ls75">other </span><span class="pp-class-166 pa t43987 l19002 ls394">post-employment </span><span class="pp-class-166 pa t43987 l35195">benefit </span><span class="pp-class-166 pa t43987 l22040">plans</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43987 l28456">2,044</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43988 l3 ls1462">Trade </span><span class="pp-class-166 pa t43988 l8738 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43988 l28139">11,621</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43989 l3 ls187">Accrued </span><span class="pp-class-166 pa t43989 l4185 ls3490">cost </span><span class="pp-class-166 pa t43989 l35203">of </span><span class="pp-class-166 pa t43989 l28268 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43989 l28456">6,441</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43990 l3 ls228">Deferred </span><span class="pp-class-166 pa t43990 l13539 ls946">tax </span><span class="pp-class-166 pa t43990 l35167">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43990 l28132">617</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43991 l3 ls34869">Tax </span><span class="pp-class-166 pa t43991 l34870 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43991 l28456">1,987</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43992 l3">Other </span><span class="pp-class-166 pa t43992 l4385 ls455">payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43992 l28456">7,677</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43993 l3">Liabilities </span><span class="pp-class-166 pa t43993 l9438 ls461">directly </span><span class="pp-class-166 pa t43993 l21294 ls977">associated </span><span class="pp-class-166 pa t43993 l28992">with </span><span class="pp-class-166 pa t43993 l29475">the </span><span class="pp-class-166 pa t43993 l43994 ls4053">assets </span><span class="pp-class-166 pa t43993 l43995">held </span><span class="pp-class-166 pa t43993 l43996 ls228">for </span><span class="pp-class-166 pa t43993 l43997">sale</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43993 l28456">1,320</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43998 l3 ls15293">Total </span><span class="pp-class-170 pa t43998 l34893 ls2282">liabilities</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t43998 l38040 ls2688">62,053</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43999 l3 ls2476">Non-controlling </span><span class="pp-class-166 pa t43999 l34920 ls921">interests </span><span class="pp-class-166 pa t43999 l44000 ls497">share </span><span class="pp-class-166 pa t43999 l44001">of </span><span class="pp-class-166 pa t43999 l44002">the </span><span class="pp-class-166 pa t43999 l34334 ls265">acquired </span><span class="pp-class-166 pa t43999 l26879 ls234">net </span><span class="pp-class-166 pa t43999 l44003 ls1428">assets</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t43999 l28132">245</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44004 l3 ls15293">Total </span><span class="pp-class-170 pa t44004 l34893 ls1853">net </span><span class="pp-class-170 pa t44004 l38881 ls96">assets </span><span class="pp-class-170 pa t44004 l44005 ls13624">acquired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44004 l38040 ls2688">11,701</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44006 l3 ls3342">Fair </span><span class="pp-class-166 pa t44006 l34964 ls101">value </span><span class="pp-class-166 pa t44006 l34965">of </span><span class="pp-class-166 pa t44006 l40251 ls169">total </span><span class="pp-class-166 pa t44006 l31045 ls3782">consideration </span><span class="pp-class-166 pa t44006 l44007 ls6394">transferred</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44006 l38040 ls2688">86,807</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44008 l3 ls1498">Goodwill </span><span class="pp-class-170 pa t44008 l38881 ls2660">arising </span><span class="pp-class-170 pa t44008 l17566 ls4132">from </span><span class="pp-class-170 pa t44008 l44009 ls1853">the </span><span class="pp-class-170 pa t44008 l42242 ls2305">acquisition</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44008 l38040 ls2688">75,106</span></p></td></tr></table></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42917 l3 ls5287">Accounting </span><span class="pp-class-170 pa t42917 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42918 l3">When </span><span class="pp-class-166 pa t42918 l4926 ls946">accounting </span><span class="pp-class-166 pa t42918 l9925 ls228">for </span><span class="pp-class-166 pa t42918 l3098 ls394">business </span><span class="pp-class-166 pa t42918 l43417 ls1575">combinations, </span><span class="pp-class-166 pa t42918 l43418">the </span><span class="pp-class-166 pa t42918 l43419 ls86">acquisition </span><span class="pp-class-166 pa t42918 l28273 ls93">method </span><span class="pp-class-166 pa t42918 l43420">is </span><span class="pp-class-166 pa t42918 l43421">applied </span><span class="pp-class-166 pa t42926 l3">in </span><span class="pp-class-166 pa t42926 l1746 ls228">accordance </span><span class="pp-class-166 pa t42926 l15397">with </span><span class="pp-class-166 pa t42926 l8691">IFRS </span><span class="pp-class-166 pa t42926 l707">3.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42942 l3 ls702">Acquirees </span><span class="pp-class-166 pa t42942 l43422 ls228">are </span><span class="pp-class-166 pa t42942 l43423 ls564">recognised </span><span class="pp-class-166 pa t42942 l4183">in </span><span class="pp-class-166 pa t42942 l15162">the </span><span class="pp-class-166 pa t42942 l36668 ls1119">consolidated </span><span class="pp-class-166 pa t42942 l43424">financial </span><span class="pp-class-166 pa t42942 l43425 ls946">statements </span><span class="pp-class-166 pa t42942 l33705 ls267">from </span><span class="pp-class-166 pa t42942 l43426">the </span><span class="pp-class-166 pa t42942 l43427 ls1122">date </span><span class="pp-class-166 pa t43428 l3">of </span><span class="pp-class-166 pa t43428 l2457 ls428">acquisition. </span><span class="pp-class-166 pa t43428 l43429">The </span><span class="pp-class-166 pa t43428 l43430 ls1122">date </span><span class="pp-class-166 pa t43428 l10368">of </span><span class="pp-class-166 pa t43428 l43431 ls86">acquisition </span><span class="pp-class-166 pa t43428 l43432">is </span><span class="pp-class-166 pa t43428 l43433">the </span><span class="pp-class-166 pa t43428 l43434 ls1122">date </span><span class="pp-class-166 pa t43428 l43435">on </span><span class="pp-class-166 pa t43428 l43436">which </span><span class="pp-class-166 pa t43428 l43437">DSV </span><span class="pp-class-166 pa t43428 l43438 ls853">obtains </span><span class="pp-class-166 pa t43428 l43439 ls1766">control </span><span class="pp-class-166 pa t43440 l3">of </span><span class="pp-class-166 pa t43440 l43441 ls166">the </span><span class="pp-class-166 pa t43440 l43442 ls1502">company. </span><span class="pp-class-166 pa t43440 l43443">Entities </span><span class="pp-class-166 pa t43440 l43444">disposed </span><span class="pp-class-166 pa t43440 l43445">of </span><span class="pp-class-166 pa t43440 l43446 ls228">are </span><span class="pp-class-166 pa t43440 l43447 ls564">recognised </span><span class="pp-class-166 pa t43440 l43448">in </span><span class="pp-class-166 pa t43440 l43449">the </span><span class="pp-class-166 pa t43440 l43450 ls1119">consolidated </span><span class="pp-class-166 pa t43440 l43451 ls166">financial </span><span class="pp-class-166 pa t43452 l3 ls946">statements </span><span class="pp-class-166 pa t43452 l9047">until </span><span class="pp-class-166 pa t43452 l3162">the </span><span class="pp-class-166 pa t43452 l42416 ls1122">date </span><span class="pp-class-166 pa t43452 l5368">of </span><span class="pp-class-166 pa t43452 l43453">disposal. </span><span class="pp-class-166 pa t43452 l23123">The </span><span class="pp-class-166 pa t43452 l5762 ls1122">date </span><span class="pp-class-166 pa t43452 l27897">of </span><span class="pp-class-166 pa t43452 l5254">disposal </span><span class="pp-class-166 pa t43452 l43454">is </span><span class="pp-class-166 pa t43452 l43455">the </span><span class="pp-class-166 pa t43452 l21275 ls1122">date </span><span class="pp-class-166 pa t43452 l43456">on </span><span class="pp-class-166 pa t43452 l43457">which </span><span class="pp-class-166 pa t43458 l3">DSV </span><span class="pp-class-166 pa t43458 l202 ls147">surrenders </span><span class="pp-class-166 pa t43458 l33547 ls1766">control </span><span class="pp-class-166 pa t43458 l43459">of </span><span class="pp-class-166 pa t43458 l43460">the </span><span class="pp-class-166 pa t43458 l43461 ls1416">company.</span></p> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t42917 l3 ls5287">Accounting </span><span class="pp-class-170 pa t42917 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42918 l3">When </span><span class="pp-class-166 pa t42918 l4926 ls946">accounting </span><span class="pp-class-166 pa t42918 l9925 ls228">for </span><span class="pp-class-166 pa t42918 l3098 ls394">business </span><span class="pp-class-166 pa t42918 l43417 ls1575">combinations, </span><span class="pp-class-166 pa t42918 l43418">the </span><span class="pp-class-166 pa t42918 l43419 ls86">acquisition </span><span class="pp-class-166 pa t42918 l28273 ls93">method </span><span class="pp-class-166 pa t42918 l43420">is </span><span class="pp-class-166 pa t42918 l43421">applied </span><span class="pp-class-166 pa t42926 l3">in </span><span class="pp-class-166 pa t42926 l1746 ls228">accordance </span><span class="pp-class-166 pa t42926 l15397">with </span><span class="pp-class-166 pa t42926 l8691">IFRS </span><span class="pp-class-166 pa t42926 l707">3.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t42942 l3 ls702">Acquirees </span><span class="pp-class-166 pa t42942 l43422 ls228">are </span><span class="pp-class-166 pa t42942 l43423 ls564">recognised </span><span class="pp-class-166 pa t42942 l4183">in </span><span class="pp-class-166 pa t42942 l15162">the </span><span class="pp-class-166 pa t42942 l36668 ls1119">consolidated </span><span class="pp-class-166 pa t42942 l43424">financial </span><span class="pp-class-166 pa t42942 l43425 ls946">statements </span><span class="pp-class-166 pa t42942 l33705 ls267">from </span><span class="pp-class-166 pa t42942 l43426">the </span><span class="pp-class-166 pa t42942 l43427 ls1122">date </span><span class="pp-class-166 pa t43428 l3">of </span><span class="pp-class-166 pa t43428 l2457 ls428">acquisition. </span><span class="pp-class-166 pa t43428 l43429">The </span><span class="pp-class-166 pa t43428 l43430 ls1122">date </span><span class="pp-class-166 pa t43428 l10368">of </span><span class="pp-class-166 pa t43428 l43431 ls86">acquisition </span><span class="pp-class-166 pa t43428 l43432">is </span><span class="pp-class-166 pa t43428 l43433">the </span><span class="pp-class-166 pa t43428 l43434 ls1122">date </span><span class="pp-class-166 pa t43428 l43435">on </span><span class="pp-class-166 pa t43428 l43436">which </span><span class="pp-class-166 pa t43428 l43437">DSV </span><span class="pp-class-166 pa t43428 l43438 ls853">obtains </span><span class="pp-class-166 pa t43428 l43439 ls1766">control </span><span class="pp-class-166 pa t43440 l3">of </span><span class="pp-class-166 pa t43440 l43441 ls166">the </span><span class="pp-class-166 pa t43440 l43442 ls1502">company. </span><span class="pp-class-166 pa t43440 l43443">Entities </span><span class="pp-class-166 pa t43440 l43444">disposed </span><span class="pp-class-166 pa t43440 l43445">of </span><span class="pp-class-166 pa t43440 l43446 ls228">are </span><span class="pp-class-166 pa t43440 l43447 ls564">recognised </span><span class="pp-class-166 pa t43440 l43448">in </span><span class="pp-class-166 pa t43440 l43449">the </span><span class="pp-class-166 pa t43440 l43450 ls1119">consolidated </span><span class="pp-class-166 pa t43440 l43451 ls166">financial </span><span class="pp-class-166 pa t43452 l3 ls946">statements </span><span class="pp-class-166 pa t43452 l9047">until </span><span class="pp-class-166 pa t43452 l3162">the </span><span class="pp-class-166 pa t43452 l42416 ls1122">date </span><span class="pp-class-166 pa t43452 l5368">of </span><span class="pp-class-166 pa t43452 l43453">disposal. </span><span class="pp-class-166 pa t43452 l23123">The </span><span class="pp-class-166 pa t43452 l5762 ls1122">date </span><span class="pp-class-166 pa t43452 l27897">of </span><span class="pp-class-166 pa t43452 l5254">disposal </span><span class="pp-class-166 pa t43452 l43454">is </span><span class="pp-class-166 pa t43452 l43455">the </span><span class="pp-class-166 pa t43452 l21275 ls1122">date </span><span class="pp-class-166 pa t43452 l43456">on </span><span class="pp-class-166 pa t43452 l43457">which </span><span class="pp-class-166 pa t43458 l3">DSV </span><span class="pp-class-166 pa t43458 l202 ls147">surrenders </span><span class="pp-class-166 pa t43458 l33547 ls1766">control </span><span class="pp-class-166 pa t43458 l43459">of </span><span class="pp-class-166 pa t43458 l43460">the </span><span class="pp-class-166 pa t43458 l43461 ls1416">company.</span></p> <div class="pp-class-4" id="pp-id-4498" xmlns="http://www.w3.org/1999/xhtml"><div class="w44010 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.2 </span><span class="pp-class-169 pa t254 l37093 ls257">Share </span><span class="pp-class-169 pa t254 l44011 ls6700">option </span><span class="pp-class-169 pa t254 l44012 ls6700">schemes</span></p></div></div><div class="pp-class-4" id="pp-id-4499" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44013 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV's </span><span class="pp-class-166 pa t41653 l20293 ls497">share </span><span class="pp-class-166 pa t41653 l30085">option </span><span class="pp-class-166 pa t41653 l44014">schemes </span><span class="pp-class-166 pa t41653 l44015 ls228">are </span><span class="pp-class-166 pa t41653 l26094 ls1595">equity-settled, </span><span class="pp-class-166 pa t41653 l44016 ls1528">measured </span><span class="pp-class-166 pa t41653 l44017">at </span><span class="pp-class-166 pa t41653 l30491">the </span><span class="pp-class-166 pa t41653 l44018 ls1129">grant </span><span class="pp-class-166 pa t41653 l30261 ls1122">date </span><span class="pp-class-166 pa t41661 l3">and </span><span class="pp-class-166 pa t41661 l1192 ls564">recognised </span><span class="pp-class-166 pa t41661 l41966">in </span><span class="pp-class-166 pa t41661 l43261">the </span><span class="pp-class-166 pa t41661 l44019 ls1122">statement </span><span class="pp-class-166 pa t41661 l44020">of </span><span class="pp-class-166 pa t41661 l28312 ls564">profit </span><span class="pp-class-166 pa t41661 l44021">or </span><span class="pp-class-166 pa t41661 l44022 ls48">loss </span><span class="pp-class-166 pa t41661 l26957">as </span><span class="pp-class-166 pa t41661 l27152 ls1575">staff </span><span class="pp-class-166 pa t41661 l20290 ls1129">costs </span><span class="pp-class-166 pa t41661 l8906 ls48">over </span><span class="pp-class-166 pa t41661 l44023">the </span><span class="pp-class-166 pa t41661 l44024 ls461">vesting </span><span class="pp-class-166 pa t41669 l3">period. </span><span class="pp-class-166 pa t41669 l44025">The </span><span class="pp-class-166 pa t41669 l44026 ls158">offsetting </span><span class="pp-class-166 pa t41669 l14494 ls1122">item </span><span class="pp-class-166 pa t41669 l4618">is </span><span class="pp-class-166 pa t41669 l26871 ls564">recognised </span><span class="pp-class-166 pa t41669 l44027 ls461">directly </span><span class="pp-class-166 pa t41669 l21594">in </span><span class="pp-class-166 pa t41669 l6835 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42544 l3">The </span><span class="pp-class-166 pa t42544 l1525 ls101">value </span><span class="pp-class-166 pa t42544 l34625">of </span><span class="pp-class-166 pa t42544 l44028">employee </span><span class="pp-class-166 pa t42544 l6408 ls457">services </span><span class="pp-class-166 pa t42544 l44029 ls1416">received </span><span class="pp-class-166 pa t42544 l33134">during </span><span class="pp-class-166 pa t42544 l33108">the </span><span class="pp-class-166 pa t42544 l22449 ls461">vesting </span><span class="pp-class-166 pa t42544 l29408">period </span><span class="pp-class-166 pa t42544 l44030">in </span><span class="pp-class-166 pa t42544 l21720 ls851">exchange </span><span class="pp-class-166 pa t41680 l3 ls228">for </span><span class="pp-class-166 pa t41680 l2086 ls497">share </span><span class="pp-class-166 pa t41680 l27693">options </span><span class="pp-class-166 pa t41680 l44031 ls1502">granted </span><span class="pp-class-166 pa t41680 l33048 ls4405">corresponds </span><span class="pp-class-166 pa t41680 l44032 ls135">to </span><span class="pp-class-166 pa t41680 l33646">the </span><span class="pp-class-166 pa t41680 l44033 ls2307">fair </span><span class="pp-class-166 pa t41680 l15359 ls101">value </span><span class="pp-class-166 pa t41680 l44034">of </span><span class="pp-class-166 pa t41680 l44035">the </span><span class="pp-class-166 pa t41680 l44036 ls497">share </span><span class="pp-class-166 pa t41680 l44037">options </span><span class="pp-class-166 pa t41680 l44038">at </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls1122">date </span><span class="pp-class-166 pa t41687 l1734">of </span><span class="pp-class-166 pa t41687 l9104 ls1217">granting. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3 ls1853">The </span><span class="pp-class-166 pa t42559 l1942 ls1186">fair </span><span class="pp-class-166 pa t42559 l15479 ls1536">value </span><span class="pp-class-166 pa t42559 l44039 ls1866">of </span><span class="pp-class-166 pa t42559 l31775 ls1853">the </span><span class="pp-class-166 pa t42559 l44040 ls2660">options </span><span class="pp-class-166 pa t42559 l2225 ls7353">granted </span><span class="pp-class-166 pa t42559 l44041 ls1866">is </span><span class="pp-class-166 pa t42559 l30802 ls191">determined </span><span class="pp-class-166 pa t42559 l26400 ls2688">based </span><span class="pp-class-166 pa t42559 l26837 ls1866">on </span><span class="pp-class-166 pa t42559 l21078 ls1853">the </span><span class="pp-class-166 pa t42559 l44042 ls2688">Black </span><span class="pp-class-166 pa t42559 l44043 ls2307">&amp; </span><span class="pp-class-166 pa t42559 l44044 ls1853">Scholes </span><span class="pp-class-166 pa t41696 l3 ls394">valuation </span><span class="pp-class-166 pa t41696 l41233">model. </span><span class="pp-class-166 pa t41696 l44045">The </span><span class="pp-class-166 pa t41696 l44046 ls205">assumptions </span><span class="pp-class-166 pa t41696 l9916">used </span><span class="pp-class-166 pa t41696 l19303">in </span><span class="pp-class-166 pa t41696 l5762">the </span><span class="pp-class-166 pa t41696 l2899 ls394">valuation </span><span class="pp-class-166 pa t41696 l44047 ls497">takes </span><span class="pp-class-166 pa t41696 l44048 ls1122">into </span><span class="pp-class-166 pa t41696 l44049 ls614">account </span><span class="pp-class-166 pa t41696 l27164">the </span><span class="pp-class-166 pa t41704 l3 ls189">terms </span><span class="pp-class-166 pa t41704 l26657">and </span><span class="pp-class-166 pa t41704 l13479 ls923">conditions </span><span class="pp-class-166 pa t41704 l44050 ls1026">applicable </span><span class="pp-class-166 pa t41704 l19005 ls135">to </span><span class="pp-class-166 pa t41704 l42573">the </span><span class="pp-class-166 pa t41704 l21610">options </span><span class="pp-class-166 pa t41704 l6874 ls1502">granted </span><span class="pp-class-166 pa t41704 l36717">and </span><span class="pp-class-166 pa t41704 l44051 ls1528">Management’s </span><span class="pp-class-166 pa t41711 l3 ls239">expectations </span><span class="pp-class-166 pa t41711 l44052">of </span><span class="pp-class-166 pa t41711 l43674">the </span><span class="pp-class-166 pa t41711 l44053 ls455">various </span><span class="pp-class-166 pa t41711 l15499 ls564">parameters </span><span class="pp-class-166 pa t41711 l20100">on </span><span class="pp-class-166 pa t41711 l44054">which </span><span class="pp-class-166 pa t41711 l44055">the </span><span class="pp-class-166 pa t41711 l44056 ls394">valuation </span><span class="pp-class-166 pa t41711 l44057">model </span><span class="pp-class-166 pa t41711 l44058">is </span><span class="pp-class-166 pa t41711 l44059">based.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42587 l3 ls2690">Upon </span><span class="pp-class-166 pa t42587 l39659 ls2660">initial </span><span class="pp-class-166 pa t42587 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t42587 l39660 ls1866">an </span><span class="pp-class-166 pa t42587 l44060 ls191">estimate </span><span class="pp-class-166 pa t42587 l6297 ls1866">is </span><span class="pp-class-166 pa t42587 l44061 ls2690">made </span><span class="pp-class-166 pa t42587 l19012 ls1866">of </span><span class="pp-class-166 pa t42587 l44062 ls1853">the </span><span class="pp-class-166 pa t42587 l44063 ls1858">number </span><span class="pp-class-166 pa t42587 l44064 ls1866">of </span><span class="pp-class-166 pa t42587 l22140 ls2247">share </span><span class="pp-class-166 pa t42587 l44065 ls2660">options </span><span class="pp-class-166 pa t42587 l44066 ls135">that </span><span class="pp-class-166 pa t41720 l3">the </span><span class="pp-class-166 pa t41720 l1913">employees </span><span class="pp-class-166 pa t41720 l24454 ls228">are </span><span class="pp-class-166 pa t41720 l27527 ls70">expected </span><span class="pp-class-166 pa t41720 l44067 ls135">to </span><span class="pp-class-166 pa t41720 l11009 ls101">earn. </span><span class="pp-class-166 pa t41720 l44068">The </span><span class="pp-class-166 pa t41720 l44069 ls1217">estimated </span><span class="pp-class-166 pa t41720 l36736">number </span><span class="pp-class-166 pa t41720 l44070">of </span><span class="pp-class-166 pa t41720 l44071 ls497">share </span><span class="pp-class-166 pa t41720 l44072">options </span><span class="pp-class-166 pa t41720 l44073">is </span><span class="pp-class-166 pa t41727 l3">subsequently </span><span class="pp-class-166 pa t41727 l2316 ls740">adjusted </span><span class="pp-class-166 pa t41727 l2374 ls135">to </span><span class="pp-class-166 pa t41727 l44074 ls93">reflect </span><span class="pp-class-166 pa t41727 l6873">the </span><span class="pp-class-166 pa t41727 l8764 ls1636">actual </span><span class="pp-class-166 pa t41727 l12481">number </span><span class="pp-class-166 pa t41727 l44075">of </span><span class="pp-class-166 pa t41727 l6984 ls497">share </span><span class="pp-class-166 pa t41727 l44076">options </span><span class="pp-class-166 pa t41727 l44077 ls455">earned. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41743 l3 ls1853">The </span><span class="pp-class-166 pa t41743 l1942 ls2325">estimated </span><span class="pp-class-166 pa t41743 l44078 ls2836">volatility </span><span class="pp-class-166 pa t41743 l28660 ls1866">is </span><span class="pp-class-166 pa t41743 l41821 ls2688">based </span><span class="pp-class-166 pa t41743 l44079 ls1866">on </span><span class="pp-class-166 pa t41743 l44080 ls2295">historical </span><span class="pp-class-166 pa t41743 l44081 ls2483">data </span><span class="pp-class-166 pa t41743 l44082 ls83">over </span><span class="pp-class-166 pa t41743 l44083 ls1853">the </span><span class="pp-class-166 pa t41743 l44084 ls2298">preceding </span><span class="pp-class-166 pa t41743 l10601 ls497">three </span><span class="pp-class-166 pa t41743 l44085 ls101">years </span><span class="pp-class-166 pa t42609 l3 ls740">adjusted </span><span class="pp-class-166 pa t42609 l6178 ls228">for </span><span class="pp-class-166 pa t42609 l5028">any </span><span class="pp-class-166 pa t42609 l44086">unusual </span><span class="pp-class-166 pa t42609 l3556 ls2432">circumstances </span><span class="pp-class-166 pa t42609 l35414">during </span><span class="pp-class-166 pa t42609 l26497">the </span><span class="pp-class-166 pa t42609 l44087">period. </span><span class="pp-class-166 pa t42609 l9959">The </span><span class="pp-class-166 pa t42609 l44088 ls394">valuation </span><span class="pp-class-166 pa t42609 l44089">of </span><span class="pp-class-166 pa t42609 l44090">the </span><span class="pp-class-166 pa t41744 l3 ls497">share </span><span class="pp-class-166 pa t41744 l22334">options </span><span class="pp-class-166 pa t41744 l35115 ls1502">granted </span><span class="pp-class-166 pa t41744 l44091">in </span><span class="pp-class-166 pa t41744 l6214">2025 </span><span class="pp-class-166 pa t41744 l44092">and </span><span class="pp-class-166 pa t41744 l10216 ls1740">2024 </span><span class="pp-class-166 pa t41744 l20239 ls2540">is </span><span class="pp-class-166 pa t41744 l44093 ls2061">based </span><span class="pp-class-166 pa t41744 l44094 ls2540">on </span><span class="pp-class-166 pa t41744 l44095 ls1528">the </span><span class="pp-class-166 pa t41744 l44096 ls6804">following </span><span class="pp-class-166 pa t41744 l9922 ls75">assumptions:</span></p></div></div><div class="pp-class-4" id="pp-id-4500" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44097 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls228">Assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l44098 ls1866">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l44099 ls1866">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls1444">Exercise </span><span class="pp-class-166 pa t34827 l41296 ls189">price </span><span class="pp-class-166 pa t34827 l44100">(DKK)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44101">1,376.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44102">1,521.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44103">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1418">Volatility</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l44104">20.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l42474">20.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l40662">20.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls851">Risk-free </span><span class="pp-class-166 pa t35092 l31213 ls135">interest </span><span class="pp-class-166 pa t35092 l12459 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l44105">2.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l42472">2.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l40653">3.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3 ls951">Expected </span><span class="pp-class-166 pa t35098 l42454">dividends</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l44105">0.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l42472">0.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l40653">0.8%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls951">Expected </span><span class="pp-class-166 pa t35099 l42454 ls851">remaining </span><span class="pp-class-166 pa t35099 l25770 ls267">life </span><span class="pp-class-166 pa t35099 l5940 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28174">3.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28175">3.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28176">3.5</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4501" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44106 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls7002">Current </span><span class="pp-class-170 pa t28110 l39251 ls1663">share </span><span class="pp-class-170 pa t28110 l44107 ls1858">option </span><span class="pp-class-170 pa t28110 l44108 ls1858">schemes</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">Scheme</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44109">Options </span><span class="pp-class-166 pa t37784 l44110 ls2870">granted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44111 ls1444">Exercise </span><span class="pp-class-166 pa t37784 l44112">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44113 ls1444">Exercise </span><span class="pp-class-166 pa t28110 l44114 ls189">price </span><span class="pp-class-166 pa t37784 l44115">(DKK)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44116">Number </span><span class="pp-class-166 pa t28110 l44117">of </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44118">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44119 ls3342">Fair </span><span class="pp-class-166 pa t28110 l44120 ls101">value </span><span class="pp-class-166 pa t28110 l44121">at </span><span class="pp-class-166 pa t28110 l44122 ls1122">date </span><span class="pp-class-166 pa t28110 l44123">of </span><span class="pp-class-166 pa t37784 l44124 ls740">granting </span><span class="pp-class-166 pa t37784 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">2021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44125">2,438,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l4009">01.04.2024 </span><span class="pp-class-166 pa t33226 l44126">- </span><span class="pp-class-166 pa t33226 l44127">31.03.2026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44128">1,325.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42834">2,202</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44129">205.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44125">2,640,900</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l4009">01.04.2025 </span><span class="pp-class-166 pa t40837 l44126">- </span><span class="pp-class-166 pa t40837 l44127">31.03.2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44128">1,485.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42834">2,524</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44129">279.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44125">2,664,000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l4009">01.04.2026 </span><span class="pp-class-166 pa t40841 l44126">- </span><span class="pp-class-166 pa t40841 l44127">31.03.2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44128">1,485.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42834">2,516</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44129">368.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44125">2,017,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l4009">01.04.2027 </span><span class="pp-class-166 pa t40842 l44126">- </span><span class="pp-class-166 pa t40842 l44127">31.03.2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44128">1,106.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42834">2,196</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44129">366.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44125">1,782,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l4009">01.04.2028 </span><span class="pp-class-166 pa t40847 l44126">- </span><span class="pp-class-166 pa t40847 l44127">31.03.2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44128">1,376.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42834">2,235</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44129">381.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44130">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l4009">01.04.2028 </span><span class="pp-class-166 pa t37425 l44126">- </span><span class="pp-class-166 pa t37425 l44127">31.03.2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44128">1,521.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42850">92</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28940">28.2</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4502" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44131 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls1663">Share </span><span class="pp-class-170 pa t28110 l4161 ls1858">option </span><span class="pp-class-170 pa t28110 l44132 ls2660">schemes </span><span class="pp-class-170 pa t28110 l44133 ls1866">at </span><span class="pp-class-170 pa t28110 l44134 ls1866">31 </span><span class="pp-class-170 pa t28110 l44135 ls1860">December </span><span class="pp-class-170 pa t28110 l44136 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">Scheme</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44137 ls93">Executive </span><span class="pp-class-166 pa t37784 l44138 ls267">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44139 ls1430">Key </span><span class="pp-class-166 pa t37784 l44140">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44141 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44142 ls2834">Average </span><span class="pp-class-166 pa t28110 l44143 ls3267">exercise </span><span class="pp-class-166 pa t28110 l44144 ls189">price </span><span class="pp-class-166 pa t37784 l44145">per </span><span class="pp-class-166 pa t37784 l44146">option </span><span class="pp-class-166 pa t37784 l44147">(DKK)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">2021</span><span class="pp-class-174 pa t44148 l28657">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44149">66,000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44150">883,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44151">949,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44152">1,325.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">2022</span><span class="pp-class-174 pa t44153 l28657">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44154">125,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44155">1,983,050</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44156">2,108,550</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44152">1,485.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44154">129,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44155">2,376,550</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44156">2,505,850</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44152">1,485.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44154">116,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44155">1,828,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44156">1,945,695</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44152">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44154">134,330</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44155">1,631,380</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44156">1,765,710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44152">1,376.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44157">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44150">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44151">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44152">1,521.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t37427 l44158 ls1866">at </span><span class="pp-class-170 pa t37427 l44159 ls1866">31 </span><span class="pp-class-170 pa t37427 l44160 ls1860">December </span><span class="pp-class-170 pa t37427 l43287 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44161">572,075</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44162">8,827,958</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44163">9,400,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44164">1,370.4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l3">Open </span><span class="pp-class-166 pa t11315 l44165 ls228">for </span><span class="pp-class-166 pa t11315 l44166 ls3267">exercise </span><span class="pp-class-166 pa t11315 l11308">at </span><span class="pp-class-166 pa t11315 l44167">31 </span><span class="pp-class-166 pa t11315 l44168 ls234">December </span><span class="pp-class-166 pa t11315 l44169">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44154">191,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44155">2,866,293</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44156">3,057,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44152">1,435.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l3 ls267">Life </span><span class="pp-class-166 pa t44170 l44171 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44172">2.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44173">2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44174">2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44175">n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l3 ls3342">Fair </span><span class="pp-class-166 pa t44176 l34964 ls101">value </span><span class="pp-class-166 pa t44176 l34965">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44177">179.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44128">2,694.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44178">2,874.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44175">n.a.</span></p></td></tr></table></div></div><div id="pp-id-4503" xmlns="http://www.w3.org/1999/xhtml"><div class="w44179 h44180 pa t2 l3 wtro4 xx2758 tro6 xx2759"><p class="pp-class-164 pp-area-text"><span class="pp-class-175 pa t4254 l3">1</span><span class="pp-class-173 pa t2760 l7664"/><span class="pp-class-173 pa t2760 l4255 ls856">Share </span><span class="pp-class-173 pa t2760 l44181 ls166">options </span><span class="pp-class-173 pa t2760 l44182 ls1129">granted </span><span class="pp-class-173 pa t2760 l44183">in </span><span class="pp-class-173 pa t2760 l44184">2021 </span><span class="pp-class-173 pa t2760 l44185">and </span><span class="pp-class-173 pa t2760 l44186">2022 </span><span class="pp-class-173 pa t2760 l44187 ls52">are </span><span class="pp-class-173 pa t2760 l44188 ls3782">currently </span><span class="pp-class-173 pa t2760 l44189 ls1129">exercisable.</span></p></div></div><div class="pp-class-4" id="pp-id-4504" xmlns="http://www.w3.org/1999/xhtml"><div class="w44190 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.2 </span><span class="pp-class-169 pa t254 l37093 ls257">Share </span><span class="pp-class-169 pa t254 l44011 ls6700">option </span><span class="pp-class-169 pa t254 l44012 ls692">schemes </span><span class="pp-class-169 pa t254 l44191 ls1180">— </span><span class="pp-class-169 pa t254 l44192 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4505" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44193 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls6083">Share </span><span class="pp-class-170 pa t41651 l41198 ls3050">option </span><span class="pp-class-170 pa t41651 l44194 ls3050">schemes</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV </span><span class="pp-class-166 pa t41653 l202">has </span><span class="pp-class-166 pa t41653 l17851">launched </span><span class="pp-class-166 pa t41653 l7275 ls740">share-based </span><span class="pp-class-166 pa t41653 l11041 ls704">incentive </span><span class="pp-class-166 pa t41653 l29982">schemes </span><span class="pp-class-166 pa t41653 l44195">with </span><span class="pp-class-166 pa t41653 l4919">the </span><span class="pp-class-166 pa t41653 l44196">purpose </span><span class="pp-class-166 pa t41653 l44197">of </span><span class="pp-class-166 pa t41653 l42754 ls189">moti-</span><span class="pp-class-166 pa t41661 l3 ls239">vating </span><span class="pp-class-166 pa t41661 l44198">and </span><span class="pp-class-166 pa t41661 l44199 ls497">retaining </span><span class="pp-class-166 pa t41661 l32219 ls1119">key </span><span class="pp-class-166 pa t41661 l2996">employees </span><span class="pp-class-166 pa t41661 l3567 ls702">across </span><span class="pp-class-166 pa t41661 l44200">the </span><span class="pp-class-166 pa t41661 l44201 ls2022">organisation </span><span class="pp-class-166 pa t41661 l44202">and </span><span class="pp-class-166 pa t41661 l44203">aligning </span><span class="pp-class-166 pa t41661 l44204">their </span><span class="pp-class-166 pa t41669 l3 ls921">interests </span><span class="pp-class-166 pa t41669 l14570">with </span><span class="pp-class-166 pa t41669 l44205">those </span><span class="pp-class-166 pa t41669 l14725">of </span><span class="pp-class-166 pa t41669 l6408">our </span><span class="pp-class-166 pa t41669 l22743 ls180">shareholders. </span><span class="pp-class-166 pa t41669 l31992 ls497">Share </span><span class="pp-class-166 pa t41669 l26017">options </span><span class="pp-class-166 pa t41669 l14469 ls228">are </span><span class="pp-class-166 pa t41669 l44206 ls1416">awarded </span><span class="pp-class-166 pa t41669 l44207 ls135">to </span><span class="pp-class-166 pa t41669 l44208 ls1119">key </span><span class="pp-class-166 pa t41677 l3">employees </span><span class="pp-class-166 pa t41677 l19322">and </span><span class="pp-class-166 pa t41677 l5255">members </span><span class="pp-class-166 pa t41677 l44209">of </span><span class="pp-class-166 pa t41677 l44210">the </span><span class="pp-class-166 pa t41677 l44211 ls93">Executive </span><span class="pp-class-166 pa t41677 l44212 ls497">Board.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41680 l3 ls1021">Retention </span><span class="pp-class-166 pa t41680 l44213">is </span><span class="pp-class-166 pa t41680 l26860 ls1122">motivated </span><span class="pp-class-166 pa t41680 l44214">by </span><span class="pp-class-166 pa t41680 l44215 ls851">requiring </span><span class="pp-class-166 pa t41680 l14326 ls1428">continued </span><span class="pp-class-166 pa t41680 l44216 ls1915">service </span><span class="pp-class-166 pa t41680 l29953 ls228">for </span><span class="pp-class-166 pa t41680 l41685">a </span><span class="pp-class-166 pa t41680 l6012">period </span><span class="pp-class-166 pa t41680 l44217 ls1217">covering </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls461">vesting </span><span class="pp-class-166 pa t41687 l14203">period </span><span class="pp-class-166 pa t41687 l6762">as </span><span class="pp-class-166 pa t41687 l39461">a </span><span class="pp-class-166 pa t41687 l44218">minimum. </span><span class="pp-class-166 pa t41687 l3457">The </span><span class="pp-class-166 pa t41687 l14552">schemes </span><span class="pp-class-166 pa t41687 l44219 ls228">are </span><span class="pp-class-166 pa t41687 l44220">also </span><span class="pp-class-166 pa t41687 l44221 ls234">intended </span><span class="pp-class-166 pa t41687 l44222 ls135">to </span><span class="pp-class-166 pa t41687 l44223">align </span><span class="pp-class-166 pa t41687 l39249">the </span><span class="pp-class-166 pa t41695 l3 ls921">interests </span><span class="pp-class-166 pa t41695 l14570">of </span><span class="pp-class-166 pa t41695 l15150">employees </span><span class="pp-class-166 pa t41695 l44224">and </span><span class="pp-class-166 pa t41695 l32863 ls180">shareholders. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41696 l3">All </span><span class="pp-class-166 pa t41696 l2312 ls9321">active </span><span class="pp-class-166 pa t41696 l23114">schemes </span><span class="pp-class-166 pa t41696 l44225 ls1849">entail </span><span class="pp-class-166 pa t41696 l19052">a </span><span class="pp-class-166 pa t41696 l44226 ls2476">three-year </span><span class="pp-class-166 pa t41696 l44227 ls461">vesting </span><span class="pp-class-166 pa t41696 l44228">period </span><span class="pp-class-166 pa t41696 l44229">and </span><span class="pp-class-166 pa t41696 l6936">a </span><span class="pp-class-166 pa t41696 l22443 ls377">two-year </span><span class="pp-class-166 pa t41696 l44230 ls3267">exercise </span><span class="pp-class-166 pa t41704 l3">period. </span><span class="pp-class-166 pa t41704 l44025">In </span><span class="pp-class-166 pa t41704 l27192 ls923">case </span><span class="pp-class-166 pa t41704 l29484">of </span><span class="pp-class-166 pa t41704 l44231">a </span><span class="pp-class-166 pa t41704 l44232">change </span><span class="pp-class-166 pa t41704 l44233">of </span><span class="pp-class-166 pa t41704 l42316 ls265">control, </span><span class="pp-class-166 pa t41704 l44234">all </span><span class="pp-class-166 pa t41704 l13472 ls86">outstanding </span><span class="pp-class-166 pa t41704 l44235 ls497">share </span><span class="pp-class-166 pa t41704 l44051">options </span><span class="pp-class-166 pa t41704 l44236">will </span><span class="pp-class-166 pa t41704 l38476 ls4153">vest. </span><span class="pp-class-166 pa t41711 l3 ls1444">Exercise </span><span class="pp-class-166 pa t41711 l41296 ls740">prices </span><span class="pp-class-166 pa t41711 l44237 ls228">are </span><span class="pp-class-166 pa t41711 l2043 ls234">set </span><span class="pp-class-166 pa t41711 l44238">based </span><span class="pp-class-166 pa t41711 l44239">on </span><span class="pp-class-166 pa t41711 l26833">the </span><span class="pp-class-166 pa t41711 l26834 ls2236">quoted </span><span class="pp-class-166 pa t41711 l44240 ls495">market </span><span class="pp-class-166 pa t41711 l44241 ls740">prices </span><span class="pp-class-166 pa t41711 l44064 ls455">leading </span><span class="pp-class-166 pa t41711 l44242">up </span><span class="pp-class-166 pa t41711 l13729 ls135">to </span><span class="pp-class-166 pa t41711 l43682">the </span><span class="pp-class-166 pa t41717 l3 ls1122">date </span><span class="pp-class-166 pa t41717 l36613">of </span><span class="pp-class-166 pa t41717 l44243 ls1217">granting. </span><span class="pp-class-166 pa t41717 l44244">The </span><span class="pp-class-166 pa t41717 l38000 ls497">share </span><span class="pp-class-166 pa t41717 l44245">options </span><span class="pp-class-166 pa t41717 l2716 ls234">can </span><span class="pp-class-166 pa t41717 l44246">be </span><span class="pp-class-166 pa t41717 l5089 ls1766">exercised </span><span class="pp-class-166 pa t41717 l44247">by </span><span class="pp-class-166 pa t41717 l44248 ls923">cash </span><span class="pp-class-166 pa t41717 l44249 ls66">purchase </span><span class="pp-class-166 pa t41717 l44250">of </span><span class="pp-class-166 pa t41717 l39429 ls564">shares </span><span class="pp-class-166 pa t42587 l3 ls2236">only. </span><span class="pp-class-166 pa t42587 l27906">The </span><span class="pp-class-166 pa t42587 l44251">obligation </span><span class="pp-class-166 pa t42587 l44252 ls66">relating </span><span class="pp-class-166 pa t42587 l44253 ls135">to </span><span class="pp-class-166 pa t42587 l4035">the </span><span class="pp-class-166 pa t42587 l42573">schemes </span><span class="pp-class-166 pa t42587 l34143">is </span><span class="pp-class-166 pa t42587 l44228 ls1617">partly </span><span class="pp-class-166 pa t42587 l16032 ls2081">covered </span><span class="pp-class-166 pa t42587 l15066">by </span><span class="pp-class-166 pa t42587 l23936">the </span><span class="pp-class-166 pa t42587 l44254 ls856">Company’s </span><span class="pp-class-166 pa t41720 l3 ls187">treasury </span><span class="pp-class-166 pa t41720 l44255 ls564">shares.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41734 l3 ls497">Share </span><span class="pp-class-166 pa t41734 l15462">options </span><span class="pp-class-166 pa t41734 l44256 ls228">are </span><span class="pp-class-166 pa t41734 l19265 ls1502">granted </span><span class="pp-class-166 pa t41734 l44257">in </span><span class="pp-class-166 pa t41734 l44258 ls228">accordance </span><span class="pp-class-166 pa t41734 l44259">with </span><span class="pp-class-166 pa t41734 l44260">the </span><span class="pp-class-166 pa t41734 l44261 ls3681">procedures </span><span class="pp-class-166 pa t41734 l44262">outlined </span><span class="pp-class-166 pa t41734 l24323">in </span><span class="pp-class-166 pa t41734 l44263">the </span><span class="pp-class-166 pa t41743 l3 ls1165">Group’s </span><span class="pp-class-166 pa t41743 l5922 ls851">Remuneration </span><span class="pp-class-166 pa t41743 l44264 ls1575">Policy </span><span class="pp-class-166 pa t41743 l44265 ls228">for </span><span class="pp-class-166 pa t41743 l44266">the </span><span class="pp-class-166 pa t41743 l37221 ls143">respective </span><span class="pp-class-166 pa t41743 l16319 ls1536">year. </span><span class="pp-class-166 pa t41743 l28653">In </span><span class="pp-class-166 pa t41743 l19910">2025, </span><span class="pp-class-166 pa t41743 l31724 ls70">two </span><span class="pp-class-166 pa t41743 l22189 ls497">share </span><span class="pp-class-166 pa t41743 l44267">option </span><span class="pp-class-166 pa t42609 l3">schemes </span><span class="pp-class-166 pa t42609 l44268 ls2487">were </span><span class="pp-class-166 pa t42609 l44269 ls1502">granted.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3">A </span><span class="pp-class-166 pa t41746 l454 ls169">total </span><span class="pp-class-166 pa t41746 l44270">of </span><span class="pp-class-166 pa t41746 l27865">3,184 </span><span class="pp-class-166 pa t41746 l44271">employees </span><span class="pp-class-166 pa t41746 l19379">held </span><span class="pp-class-166 pa t41746 l44272 ls497">share </span><span class="pp-class-166 pa t41746 l12268">options </span><span class="pp-class-166 pa t41746 l44273">at </span><span class="pp-class-166 pa t41746 l44274">31 </span><span class="pp-class-166 pa t41746 l1508 ls234">December </span><span class="pp-class-166 pa t41746 l44275">2025 </span><span class="pp-class-166 pa t41746 l44276">(2024: </span><span class="pp-class-166 pa t41750 l3">3,054 </span><span class="pp-class-166 pa t41750 l8623">employees). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42629 l3 ls3686">Total </span><span class="pp-class-166 pa t42629 l8908 ls1129">costs </span><span class="pp-class-166 pa t42629 l30425 ls564">recognised </span><span class="pp-class-166 pa t42629 l44277">in </span><span class="pp-class-166 pa t42629 l44278">2025 </span><span class="pp-class-166 pa t42629 l44279 ls228">for </span><span class="pp-class-166 pa t42629 l44280 ls457">services </span><span class="pp-class-166 pa t42629 l44281 ls1416">received </span><span class="pp-class-166 pa t42629 l44282">but </span><span class="pp-class-166 pa t42629 l44283 ls1528">not </span><span class="pp-class-166 pa t42629 l21019 ls564">recognised </span><span class="pp-class-166 pa t42629 l44284">as </span><span class="pp-class-166 pa t41758 l3">an </span><span class="pp-class-166 pa t41758 l12559 ls1428">asset </span><span class="pp-class-166 pa t41758 l4185 ls234">amounted </span><span class="pp-class-166 pa t41758 l18746 ls135">to </span><span class="pp-class-166 pa t41758 l7411">DKK </span><span class="pp-class-166 pa t41758 l15398">359 </span><span class="pp-class-166 pa t41758 l41810">million </span><span class="pp-class-166 pa t41758 l44285">(2024: </span><span class="pp-class-166 pa t41758 l3899">DKK </span><span class="pp-class-166 pa t41758 l40627">327 </span><span class="pp-class-166 pa t41758 l20737">million). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41767 l3">The </span><span class="pp-class-166 pa t41767 l1525 ls946">average </span><span class="pp-class-166 pa t41767 l18726 ls497">share </span><span class="pp-class-166 pa t41767 l44286 ls189">price </span><span class="pp-class-166 pa t41767 l29452 ls228">for </span><span class="pp-class-166 pa t41767 l11088">options </span><span class="pp-class-166 pa t41767 l23433 ls1766">exercised </span><span class="pp-class-166 pa t41767 l32015">in </span><span class="pp-class-166 pa t41767 l44287">the </span><span class="pp-class-166 pa t41767 l44288">financial </span><span class="pp-class-166 pa t41767 l30587 ls48">year </span><span class="pp-class-166 pa t41767 l41567 ls1528">was </span><span class="pp-class-166 pa t41767 l44289">DKK </span><span class="pp-class-166 pa t41777 l3">1,475.9 </span><span class="pp-class-166 pa t41777 l44290">per </span><span class="pp-class-166 pa t41777 l33793 ls497">share </span><span class="pp-class-166 pa t41777 l44291">at </span><span class="pp-class-166 pa t41777 l44292">the </span><span class="pp-class-166 pa t41777 l3080 ls1122">date </span><span class="pp-class-166 pa t41777 l4478">of </span><span class="pp-class-166 pa t41777 l44293 ls3267">exercise </span><span class="pp-class-166 pa t41777 l20655">(2024: </span><span class="pp-class-166 pa t41777 l30954">DKK </span><span class="pp-class-166 pa t41777 l44294">1,245.8 </span><span class="pp-class-166 pa t41777 l44295">per </span><span class="pp-class-166 pa t41777 l44296 ls564">share).</span></p></div></div><div id="pp-id-4506" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44297 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t37786 l44158 ls1663">share </span><span class="pp-class-170 pa t37786 l44298 ls1858">options</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44299 ls70">Executive</span><span class="pp-class-166 pa t37786 l44300"/><span class="pp-class-166 pa t37786 l44301 ls267">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44302 ls1430">Key </span><span class="pp-class-166 pa t37786 l44303">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l44304 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44305 ls2834">Average </span><span class="pp-class-166 pa t28110 l44306 ls3267">exercise </span><span class="pp-class-166 pa t37784 l44307 ls189">price </span><span class="pp-class-166 pa t37784 l44308">per </span><span class="pp-class-166 pa t37784 l44309">option </span><span class="pp-class-166 pa t37786 l44147">(DKK)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3 ls86">Outstanding </span><span class="pp-class-166 pa t37810 l44310">at </span><span class="pp-class-166 pa t37810 l44311">1 </span><span class="pp-class-166 pa t37810 l15566 ls1915">January </span><span class="pp-class-166 pa t37810 l8813">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44312"/><span class="pp-class-166 pa t37810 l44313">467,745 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44314"/><span class="pp-class-166 pa t37810 l44315">8,966,411 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44316"/><span class="pp-class-166 pa t37810 l44317">9,434,156 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44318"/><span class="pp-class-166 pa t37810 l44152">1,323.8 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls1502">Granted </span><span class="pp-class-166 pa t37821 l3944">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44313">134,330</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44315">1,647,885</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44317">1,782,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44152">1,376.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3 ls1502">Granted </span><span class="pp-class-166 pa t37823 l3944">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44320">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44321">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44152">1,521.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3 ls1444">Exercised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44322">(30,000)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44323">(1,782,460)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44324">(1,812,460)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44152">1,147.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l3">Options </span><span class="pp-class-166 pa t8918 l33523 ls3238">waived/expired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44325">(128,863)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44326">(128,863)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44152">1,315.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t39932 l44158 ls1866">at </span><span class="pp-class-170 pa t39932 l44159 ls1866">31 </span><span class="pp-class-170 pa t39932 l44160 ls1860">December </span><span class="pp-class-170 pa t39932 l43287 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44327 ls1858">572,075</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44328 ls1498">8,827,958</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44329 ls1498">9,400,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44330 ls1858">1,370.4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l3 ls86">Outstanding </span><span class="pp-class-166 pa t39943 l44310">at </span><span class="pp-class-166 pa t39943 l44311">1 </span><span class="pp-class-166 pa t39943 l15566 ls1915">January </span><span class="pp-class-166 pa t39943 l8813">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44313">565,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44315">9,351,375</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44317">9,917,125</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44152">1,219.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l3 ls2269">Transferred</span><span class="pp-class-174 pa t44331 l29129">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44332">(190,950)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44320">190,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44333">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44175">n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l3 ls2870">Granted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44313">116,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44315">1,900,220</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44317">2,017,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44152">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l3 ls1444">Exercised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44322">(24,000)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44323">(2,237,172)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44324">(2,261,172)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44129">664.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l3">Options </span><span class="pp-class-166 pa t39350 l33523 ls3238">waived/expired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44325">(238,962)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44326">(238,962)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44152">1,380.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t39357 l44158 ls1866">at </span><span class="pp-class-170 pa t39357 l44159 ls1866">31 </span><span class="pp-class-170 pa t39357 l44160 ls1860">December </span><span class="pp-class-170 pa t39357 l43287 ls1853">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44327 ls1858">467,745</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44328 ls1498">8,966,411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44329 ls1498">9,434,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44330 ls1858">1,323.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-175 pa t44334 l3">1</span><span class="pp-class-173 pa t44335 l7664"/><span class="pp-class-173 pa t44335 l4255 ls15770">Brian </span><span class="pp-class-173 pa t44335 l44336 ls166">Ejsing </span><span class="pp-class-173 pa t44335 l44337">has </span><span class="pp-class-173 pa t44335 l44338 ls704">previously </span><span class="pp-class-173 pa t44335 l44339 ls1444">received </span><span class="pp-class-173 pa t44335 l44340 ls856">share </span><span class="pp-class-173 pa t44335 l44341 ls166">options </span><span class="pp-class-173 pa t44335 l44342">in </span><span class="pp-class-173 pa t44335 l44343">the </span><span class="pp-class-173 pa t44335 l44344 ls180">Director’s </span><span class="pp-class-173 pa t44335 l44345 ls2540">former </span><span class="pp-class-173 pa t44335 l44346 ls63">capacity </span><span class="pp-class-173 pa t44335 l44347">as </span><span class="pp-class-173 pa t44335 l44348 ls154">key </span><span class="pp-class-173 pa t44335 l44349 ls166">employee. </span><span class="pp-class-173 pa t44335 l44350">These </span><span class="pp-class-173 pa t44335 l44351 ls239">have </span><span class="pp-class-173 pa t44335 l44352 ls166">been </span><span class="pp-class-173 pa t44335 l44353 ls52">transferred </span><span class="pp-class-173 pa t44335 l44354 ls3490">from </span><span class="pp-class-173 pa t44335 l44355 ls154">key </span><span class="pp-class-173 pa t44335 l44356 ls166">employees </span><span class="pp-class-173 pa t44335 l44357 ls614">to </span><span class="pp-class-173 pa t44335 l44358 ls556">Executive </span><span class="pp-class-173 pa t44335 l44359 ls2540">Board. </span><span class="pp-class-173 pa t44335 l44360 ls166">Due </span><span class="pp-class-173 pa t44335 l44361 ls614">to </span><span class="pp-class-173 pa t44335 l44362">the </span><span class="pp-class-173 pa t44335 l44363">CEO </span><span class="pp-class-173 pa t44335 l44364 ls166">change </span><span class="pp-class-173 pa t44335 l44365">that </span><span class="pp-class-173 pa t44335 l44366 ls826">took </span><span class="pp-class-173 pa t44335 l44367 ls2221">effect </span><span class="pp-class-173 pa t44335 l44368 ls166">in </span><span class="pp-class-173 pa t44369 l4255">2024, </span><span class="pp-class-173 pa t44369 l44370 ls856">share </span><span class="pp-class-173 pa t44369 l44371">options </span><span class="pp-class-173 pa t44369 l44372 ls1129">granted </span><span class="pp-class-173 pa t44369 l44373 ls614">to </span><span class="pp-class-173 pa t44369 l44374">Jens </span><span class="pp-class-173 pa t44369 l44375">Bjørn </span><span class="pp-class-173 pa t44369 l44376">Andersen </span><span class="pp-class-173 pa t44369 l44377 ls239">have </span><span class="pp-class-173 pa t44369 l44378">been </span><span class="pp-class-173 pa t44369 l44379 ls52">transferred </span><span class="pp-class-173 pa t44369 l44380 ls3490">from </span><span class="pp-class-173 pa t44369 l44381 ls556">Executive </span><span class="pp-class-173 pa t44369 l44382 ls856">Board </span><span class="pp-class-173 pa t44369 l44383 ls614">to </span><span class="pp-class-173 pa t44369 l44384 ls154">key </span><span class="pp-class-173 pa t44369 l44385">employees.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div><div class="pp-class-4" id="pp-id-4507" xmlns="http://www.w3.org/1999/xhtml"><div class="w27050 h2916 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.3 </span><span class="pp-class-169 pa t254 l37093 ls42043">Remuneration </span><span class="pp-class-169 pa t254 l44386 ls3118">of </span><span class="pp-class-169 pa t254 l44387 ls6611">the </span><span class="pp-class-169 pa t254 l44388 ls21824">Executive </span><span class="pp-class-169 pa t39368 l37093 ls44389">Board </span><span class="pp-class-169 pa t39368 l44390 ls35162">and </span><span class="pp-class-169 pa t39368 l44391 ls35162">the </span><span class="pp-class-169 pa t39368 l44392 ls44389">Board </span><span class="pp-class-169 pa t39368 l44393 ls15736">of </span><span class="pp-class-169 pa t39368 l44394 ls44395">Directors</span></p></div></div><div class="pp-class-4" id="pp-id-4509" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44396 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44397 l3 ls6083">Executive </span><span class="pp-class-170 pa t44397 l1022 ls3325">Board</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44398 l3">The </span><span class="pp-class-166 pa t44398 l1525">members </span><span class="pp-class-166 pa t44398 l44399">of </span><span class="pp-class-166 pa t44398 l26073">the </span><span class="pp-class-166 pa t44398 l11869 ls93">Executive </span><span class="pp-class-166 pa t44398 l29271 ls497">Board </span><span class="pp-class-166 pa t44398 l44400 ls228">are </span><span class="pp-class-166 pa t44398 l44401 ls4267">subject </span><span class="pp-class-166 pa t44398 l39246 ls135">to </span><span class="pp-class-166 pa t44398 l43745">a </span><span class="pp-class-166 pa t44398 l44402 ls2236">notice </span><span class="pp-class-166 pa t44398 l23164">period </span><span class="pp-class-166 pa t44398 l44403">of </span><span class="pp-class-166 pa t44398 l44404">up </span><span class="pp-class-166 pa t44398 l42430 ls135">to </span><span class="pp-class-166 pa t44398 l44405">24 </span><span class="pp-class-166 pa t44406 l3">months. </span><span class="pp-class-166 pa t44406 l1565 ls851">Remuneration </span><span class="pp-class-166 pa t44406 l15473">of </span><span class="pp-class-166 pa t44406 l15474">the </span><span class="pp-class-166 pa t44406 l44407">members </span><span class="pp-class-166 pa t44406 l44408">of </span><span class="pp-class-166 pa t44406 l44409">the </span><span class="pp-class-166 pa t44406 l32182 ls93">Executive </span><span class="pp-class-166 pa t44406 l44410 ls497">Board </span><span class="pp-class-166 pa t44406 l44411">and </span><span class="pp-class-166 pa t44406 l15387">the </span><span class="pp-class-166 pa t44406 l44412 ls497">Board </span><span class="pp-class-166 pa t44413 l3">of </span><span class="pp-class-166 pa t44413 l2457 ls826">Directors </span><span class="pp-class-166 pa t44413 l978 ls234">complies </span><span class="pp-class-166 pa t44413 l34367">with </span><span class="pp-class-166 pa t44413 l44414">the </span><span class="pp-class-166 pa t44413 l44415">principles </span><span class="pp-class-166 pa t44413 l44416">of </span><span class="pp-class-166 pa t44413 l14155">the </span><span class="pp-class-166 pa t44413 l39784 ls856">Company’s </span><span class="pp-class-166 pa t44413 l44417 ls851">Remuneration </span><span class="pp-class-166 pa t44413 l44418 ls1575">Policy </span><span class="pp-class-166 pa t44419 l3">and </span><span class="pp-class-166 pa t44419 l1192">is </span><span class="pp-class-166 pa t44419 l44420">described </span><span class="pp-class-166 pa t44419 l44421 ls2103">further </span><span class="pp-class-166 pa t44419 l44422">in </span><span class="pp-class-166 pa t44419 l276 ls189">detail </span><span class="pp-class-166 pa t44419 l11049">in </span><span class="pp-class-166 pa t44419 l44423">the </span><span class="pp-class-166 pa t44419 l28371">DSV </span><span class="pp-class-166 pa t44419 l1229 ls851">Remuneration </span><span class="pp-class-166 pa t44419 l1718 ls226">Report </span><span class="pp-class-166 pa t44419 l44424">2025.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44425 l3">The </span><span class="pp-class-166 pa t44425 l1525 ls702">aggregate </span><span class="pp-class-166 pa t44425 l44426 ls1418">remuneration </span><span class="pp-class-166 pa t44425 l44427 ls228">for </span><span class="pp-class-166 pa t44425 l44428">the </span><span class="pp-class-166 pa t44425 l44429">members </span><span class="pp-class-166 pa t44425 l34552">of </span><span class="pp-class-166 pa t44425 l44430">the </span><span class="pp-class-166 pa t44425 l14696 ls93">Executive </span><span class="pp-class-166 pa t44425 l44431 ls497">Board </span><span class="pp-class-166 pa t44425 l44432 ls228">for </span><span class="pp-class-166 pa t44425 l44433">2025 </span><span class="pp-class-166 pa t44434 l3 ls1528">was </span><span class="pp-class-166 pa t44434 l2620">DKK </span><span class="pp-class-166 pa t44434 l38415">75.4 </span><span class="pp-class-166 pa t44434 l44435">million </span><span class="pp-class-166 pa t44434 l31227">(2024: </span><span class="pp-class-166 pa t44434 l4432">DKK </span><span class="pp-class-166 pa t44434 l44436">55.0 </span><span class="pp-class-166 pa t44434 l44437">million). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44438 l3 ls6083">Board </span><span class="pp-class-170 pa t44438 l44439 ls13149">of </span><span class="pp-class-170 pa t44438 l37782 ls7701">Directors</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44440 l3">The </span><span class="pp-class-166 pa t44440 l1525 ls702">aggregate </span><span class="pp-class-166 pa t44440 l44426 ls1418">remuneration </span><span class="pp-class-166 pa t44440 l44427 ls135">to </span><span class="pp-class-166 pa t44440 l44441">the </span><span class="pp-class-166 pa t44440 l44442 ls497">Board </span><span class="pp-class-166 pa t44440 l44443">of </span><span class="pp-class-166 pa t44440 l44444 ls826">Directors </span><span class="pp-class-166 pa t44440 l44445">of </span><span class="pp-class-166 pa t44440 l33498">DSV </span><span class="pp-class-166 pa t44440 l28781 ls15430">A/S </span><span class="pp-class-166 pa t44440 l44446 ls228">for </span><span class="pp-class-166 pa t44440 l44447">2025 </span><span class="pp-class-166 pa t44448 l3 ls1528">was </span><span class="pp-class-166 pa t44448 l2620">DKK </span><span class="pp-class-166 pa t44448 l38415">11.1 </span><span class="pp-class-166 pa t44448 l44435">million </span><span class="pp-class-166 pa t44448 l31227">(2024: </span><span class="pp-class-166 pa t44448 l4432">DKK </span><span class="pp-class-166 pa t44448 l44436">9.0 </span><span class="pp-class-166 pa t44448 l44449">million).</span></p><div class="pp-class-4" id="pp-id-4508"><div class="w1459 h44450 pa t2 l3 wtro4 xx199 tro6 xx200"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44451 l3 ls4703">Executive </span><span class="pp-class-170 pa t44451 l44452 ls1663">Board </span><span class="pp-class-170 pa t44451 l44453 ls12413">remuneration </span><span class="pp-class-166 pa t44451 l44454"/></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44455 l3">(DKKm)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44455 l28116">2024</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44455 l41446 ls1853">2025</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44456 l3 ls189">Fixed </span><span class="pp-class-166 pa t44456 l44457 ls125">salary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44456 l28145">36.7</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44456 l28146">34.4</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44458 l3 ls564">Pension</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44458 l28175">2.3</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44458 l28176">2.1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44459 l3 ls1430">Performance </span><span class="pp-class-166 pa t44459 l44460">bonus</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44459 l44461 ls1866">7.2</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44459 l11173">-</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44462 l3 ls1428">Discretionary </span><span class="pp-class-166 pa t44462 l44463">bonus</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44462 l28175">6.1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44462 l11173">-</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44464 l3 ls740">Share-based </span><span class="pp-class-166 pa t44464 l35035">payment</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44464 l28145">23.1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44464 l44465 ls1853">18.5</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44466 l3 ls15293">Total </span><span class="pp-class-170 pa t44466 l34893 ls2273">aggregate </span><span class="pp-class-170 pa t44466 l44467 ls4162">remuneration</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44466 l44468 ls1853">75.4</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44466 l44469 ls1853">55.0</span></p></div></div></div></div></div><div class="pp-class-4" id="pp-id-4512" xmlns="http://www.w3.org/1999/xhtml"><div class="w44545 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.5 </span><span class="pp-class-169 pa t254 l37093 ls44546">Related </span><span class="pp-class-169 pa t254 l44547 ls15792">parties</span></p></div></div><div class="pp-class-4" id="pp-id-4513" xmlns="http://www.w3.org/1999/xhtml"><div class="w44548 h44549 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44550 l3">DSV </span><span class="pp-class-166 pa t44550 l202">has </span><span class="pp-class-166 pa t44550 l17851">no </span><span class="pp-class-166 pa t44550 l42737 ls1766">related </span><span class="pp-class-166 pa t44550 l37561 ls2103">parties </span><span class="pp-class-166 pa t44550 l37952">with </span><span class="pp-class-166 pa t44550 l41810 ls1766">control </span><span class="pp-class-166 pa t44550 l44551">of </span><span class="pp-class-166 pa t44550 l6757">the </span><span class="pp-class-166 pa t44550 l44552 ls497">Group </span><span class="pp-class-166 pa t44550 l44553">and </span><span class="pp-class-166 pa t44550 l44554">no </span><span class="pp-class-166 pa t44550 l28088 ls1766">related </span><span class="pp-class-166 pa t44550 l44555 ls2103">parties </span><span class="pp-class-166 pa t44556 l3">with </span><span class="pp-class-166 pa t44556 l3388 ls226">significant </span><span class="pp-class-166 pa t44556 l27731 ls1428">influence </span><span class="pp-class-166 pa t44556 l3242 ls75">other </span><span class="pp-class-166 pa t44556 l13334">than </span><span class="pp-class-166 pa t44556 l44557 ls1119">key </span><span class="pp-class-166 pa t44556 l2003">management </span><span class="pp-class-166 pa t44556 l44558">personnel. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44559 l3 ls61">Related-party </span><span class="pp-class-170 pa t44559 l37951 ls559">transactions</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44560 l3 ls1115">Board </span><span class="pp-class-172 pa t44560 l10895">of </span><span class="pp-class-172 pa t44560 l26459 ls2540">Directors </span><span class="pp-class-172 pa t44560 l755">and </span><span class="pp-class-172 pa t44560 l44561 ls1683">Executive </span><span class="pp-class-172 pa t44560 l32032 ls73">Board</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44562 l3">No </span><span class="pp-class-166 pa t44562 l44563 ls750">transactions </span><span class="pp-class-166 pa t44562 l36757">with </span><span class="pp-class-166 pa t44562 l5440">the </span><span class="pp-class-166 pa t44562 l44564 ls497">Board </span><span class="pp-class-166 pa t44562 l22370">of </span><span class="pp-class-166 pa t44562 l44565 ls826">Directors </span><span class="pp-class-166 pa t44562 l4602">and </span><span class="pp-class-166 pa t44562 l15534 ls93">Executive </span><span class="pp-class-166 pa t44562 l44566 ls497">Board </span><span class="pp-class-166 pa t44562 l44567 ls2487">were </span><span class="pp-class-166 pa t44562 l20021">made </span><span class="pp-class-166 pa t44562 l44568">in </span><span class="pp-class-166 pa t44569 l3">2025 </span><span class="pp-class-166 pa t44569 l1771 ls75">other </span><span class="pp-class-166 pa t44569 l44570">than </span><span class="pp-class-166 pa t44569 l16160 ls1849">ordinary </span><span class="pp-class-166 pa t44569 l1671 ls1418">remuneration </span><span class="pp-class-166 pa t44569 l44571">and </span><span class="pp-class-166 pa t44569 l44572 ls86">termination </span><span class="pp-class-166 pa t44569 l44573">benefits, </span><span class="pp-class-166 pa t44569 l44574">as </span><span class="pp-class-166 pa t44569 l44575">described </span><span class="pp-class-166 pa t44576 l3">in </span><span class="pp-class-171 pa t44576 l1746 ls4162">notes </span><span class="pp-class-171 pa t44576 l18919 ls2275">6.2</span><span class="pp-class-166 pa t44576 l44577"/><span class="pp-class-166 pa t44576 l44578">and </span><span class="pp-class-171 pa t44576 l44579 ls2275">6.3</span><span class="pp-class-166 pa t44576 l32112">.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44580 l3 ls239">Associated </span><span class="pp-class-172 pa t44580 l7352 ls234">companies </span><span class="pp-class-172 pa t44580 l44581">and </span><span class="pp-class-172 pa t44580 l12266">joint </span><span class="pp-class-172 pa t44580 l44582 ls4405">ventures</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44583 l3">DSV </span><span class="pp-class-166 pa t44583 l202">holds </span><span class="pp-class-166 pa t44583 l23671">ownership </span><span class="pp-class-166 pa t44583 l44584 ls921">interests </span><span class="pp-class-166 pa t44583 l24009">in </span><span class="pp-class-166 pa t44583 l26542">18 </span><span class="pp-class-166 pa t44583 l44585 ls977">associated </span><span class="pp-class-166 pa t44583 l44586 ls1428">companies </span><span class="pp-class-166 pa t44583 l44587">and </span><span class="pp-class-166 pa t44583 l5023">joint </span><span class="pp-class-166 pa t44583 l10817 ls1528">ventures </span><span class="pp-class-166 pa t44588 l3">(2024: </span><span class="pp-class-166 pa t44588 l10819">5). </span><span class="pp-class-166 pa t44588 l44589">The </span><span class="pp-class-166 pa t44588 l44590 ls1165">Group’s </span><span class="pp-class-166 pa t44588 l5925 ls497">share </span><span class="pp-class-166 pa t44588 l33190">of </span><span class="pp-class-166 pa t44588 l8839 ls1595">associates’ </span><span class="pp-class-166 pa t44588 l44591 ls234">net </span><span class="pp-class-166 pa t44588 l44592 ls564">result </span><span class="pp-class-166 pa t44588 l36386 ls234">amounted </span><span class="pp-class-166 pa t44588 l44593 ls135">to </span><span class="pp-class-166 pa t44588 l44594">an </span><span class="pp-class-166 pa t44588 l44595 ls740">income </span><span class="pp-class-166 pa t44596 l3">of </span><span class="pp-class-166 pa t44596 l2457">DKK </span><span class="pp-class-166 pa t44596 l8681">5 </span><span class="pp-class-166 pa t44596 l23363">million </span><span class="pp-class-166 pa t44596 l44421">(2024: </span><span class="pp-class-166 pa t44596 l44597">an </span><span class="pp-class-166 pa t44596 l44598 ls1849">expense </span><span class="pp-class-166 pa t44596 l43035">of </span><span class="pp-class-166 pa t44596 l44599">DKK </span><span class="pp-class-166 pa t44596 l44600">23 </span><span class="pp-class-166 pa t44596 l44601">million). </span><span class="pp-class-166 pa t44596 l44602">The </span><span class="pp-class-166 pa t44596 l44603 ls1165">Group’s </span><span class="pp-class-166 pa t44596 l44604 ls497">share </span><span class="pp-class-166 pa t44596 l44605">of </span><span class="pp-class-166 pa t44606 l3">joint </span><span class="pp-class-166 pa t44606 l44607 ls48">ventures’ </span><span class="pp-class-166 pa t44606 l12107 ls564">profit </span><span class="pp-class-166 pa t44606 l27384 ls228">for </span><span class="pp-class-166 pa t44606 l26570">the </span><span class="pp-class-166 pa t44606 l5268 ls48">year </span><span class="pp-class-166 pa t44606 l44608 ls234">amounted </span><span class="pp-class-166 pa t44606 l44609 ls135">to </span><span class="pp-class-166 pa t44606 l44610">DKK </span><span class="pp-class-166 pa t44606 l44611">0 </span><span class="pp-class-166 pa t44606 l36286">million </span><span class="pp-class-166 pa t44606 l14611">(2024: </span><span class="pp-class-166 pa t44606 l44612">DKK </span><span class="pp-class-166 pa t44606 l44613">0 </span><span class="pp-class-166 pa t44614 l3">million). </span><span class="pp-class-166 pa t44614 l10631">The </span><span class="pp-class-166 pa t44614 l10632 ls205">carrying </span><span class="pp-class-166 pa t44614 l44615">amount </span><span class="pp-class-166 pa t44614 l38156">of </span><span class="pp-class-166 pa t44614 l44616">the </span><span class="pp-class-166 pa t44614 l44617 ls1026">investment </span><span class="pp-class-166 pa t44614 l44618 ls1528">was </span><span class="pp-class-166 pa t44614 l39173">DKK </span><span class="pp-class-166 pa t44614 l44619">110 </span><span class="pp-class-166 pa t44614 l43103">million </span><span class="pp-class-166 pa t44614 l44620">at </span><span class="pp-class-166 pa t44614 l44621">31 </span><span class="pp-class-166 pa t44622 l3 ls234">December </span><span class="pp-class-166 pa t44622 l11316">2025 </span><span class="pp-class-166 pa t44622 l10344">(2024: </span><span class="pp-class-166 pa t44622 l12773">DKK </span><span class="pp-class-166 pa t44622 l44623">19 </span><span class="pp-class-166 pa t44622 l44624">million). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44625 l3">The </span><span class="pp-class-166 pa t44625 l1525 ls497">Group </span><span class="pp-class-166 pa t44625 l36541">had </span><span class="pp-class-166 pa t44625 l44237">the </span><span class="pp-class-166 pa t44625 l44626 ls851">following </span><span class="pp-class-166 pa t44625 l44627 ls750">transactions </span><span class="pp-class-166 pa t44625 l14738">with </span><span class="pp-class-166 pa t44625 l19955 ls977">associated </span><span class="pp-class-166 pa t44625 l44628 ls1428">companies </span><span class="pp-class-166 pa t44625 l23970">and </span><span class="pp-class-166 pa t44625 l44629">joint </span><span class="pp-class-166 pa t44630 l3 ls226">ventures:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44631 l3 ls18249">Associated </span><span class="pp-class-170 pa t44631 l44632 ls1860">companies </span><span class="pp-class-170 pa t44631 l44633 ls1853">and </span><span class="pp-class-170 pa t44631 l44634 ls1866">joint </span><span class="pp-class-170 pa t44635 l3 ls2700">ventures </span><span class="pp-class-170 pa t44635 l1124 ls2834">transactions </span><span class="pp-class-166 pa t44635 l44636">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44635 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44635 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44637 l3">Sale </span><span class="pp-class-166 pa t44637 l35100">of </span><span class="pp-class-166 pa t44637 l35101 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44637 l32708">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44637 l11173">-</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44638 l3 ls66">Purchase </span><span class="pp-class-166 pa t44638 l18970">of </span><span class="pp-class-166 pa t44638 l35049 ls457">services </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44638 l32708">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44638 l28532">3</span></p></td></tr></table><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44639 l3">The </span><span class="pp-class-166 pa t44639 l1525 ls497">Group </span><span class="pp-class-166 pa t44639 l36541">had </span><span class="pp-class-166 pa t44639 l44237">the </span><span class="pp-class-166 pa t44639 l44626 ls851">following </span><span class="pp-class-166 pa t44639 l44627 ls86">outstanding </span><span class="pp-class-166 pa t44639 l44640 ls234">balances </span><span class="pp-class-166 pa t44639 l44641">with </span><span class="pp-class-166 pa t44639 l44642 ls977">associated </span><span class="pp-class-166 pa t44639 l44643 ls1428">companies </span><span class="pp-class-166 pa t44644 l3">and </span><span class="pp-class-166 pa t44644 l1192">joint </span><span class="pp-class-166 pa t44644 l44645 ls226">ventures:</span></p><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44646 l3 ls18249">Associated </span><span class="pp-class-170 pa t44646 l44632 ls1860">companies </span><span class="pp-class-170 pa t44646 l44633 ls1853">and </span><span class="pp-class-170 pa t44646 l44634 ls1866">joint </span><span class="pp-class-170 pa t44647 l3 ls2700">ventures </span><span class="pp-class-170 pa t44647 l1124 ls129">balances</span><span class="pp-class-166 pa t44647 l44648"/><span class="pp-class-166 pa t44647 l44649">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44647 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44647 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44650 l3 ls147">Receivables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44650 l32708">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44650 l28210">19</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44651 l3 ls856">Payables</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44651 l32708">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44651 l11173">-</span></p></td></tr></table></div></div> <div class="pp-class-4" id="pp-id-4498" xmlns="http://www.w3.org/1999/xhtml"><div class="w44010 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.2 </span><span class="pp-class-169 pa t254 l37093 ls257">Share </span><span class="pp-class-169 pa t254 l44011 ls6700">option </span><span class="pp-class-169 pa t254 l44012 ls6700">schemes</span></p></div></div><div class="pp-class-4" id="pp-id-4499" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44013 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV's </span><span class="pp-class-166 pa t41653 l20293 ls497">share </span><span class="pp-class-166 pa t41653 l30085">option </span><span class="pp-class-166 pa t41653 l44014">schemes </span><span class="pp-class-166 pa t41653 l44015 ls228">are </span><span class="pp-class-166 pa t41653 l26094 ls1595">equity-settled, </span><span class="pp-class-166 pa t41653 l44016 ls1528">measured </span><span class="pp-class-166 pa t41653 l44017">at </span><span class="pp-class-166 pa t41653 l30491">the </span><span class="pp-class-166 pa t41653 l44018 ls1129">grant </span><span class="pp-class-166 pa t41653 l30261 ls1122">date </span><span class="pp-class-166 pa t41661 l3">and </span><span class="pp-class-166 pa t41661 l1192 ls564">recognised </span><span class="pp-class-166 pa t41661 l41966">in </span><span class="pp-class-166 pa t41661 l43261">the </span><span class="pp-class-166 pa t41661 l44019 ls1122">statement </span><span class="pp-class-166 pa t41661 l44020">of </span><span class="pp-class-166 pa t41661 l28312 ls564">profit </span><span class="pp-class-166 pa t41661 l44021">or </span><span class="pp-class-166 pa t41661 l44022 ls48">loss </span><span class="pp-class-166 pa t41661 l26957">as </span><span class="pp-class-166 pa t41661 l27152 ls1575">staff </span><span class="pp-class-166 pa t41661 l20290 ls1129">costs </span><span class="pp-class-166 pa t41661 l8906 ls48">over </span><span class="pp-class-166 pa t41661 l44023">the </span><span class="pp-class-166 pa t41661 l44024 ls461">vesting </span><span class="pp-class-166 pa t41669 l3">period. </span><span class="pp-class-166 pa t41669 l44025">The </span><span class="pp-class-166 pa t41669 l44026 ls158">offsetting </span><span class="pp-class-166 pa t41669 l14494 ls1122">item </span><span class="pp-class-166 pa t41669 l4618">is </span><span class="pp-class-166 pa t41669 l26871 ls564">recognised </span><span class="pp-class-166 pa t41669 l44027 ls461">directly </span><span class="pp-class-166 pa t41669 l21594">in </span><span class="pp-class-166 pa t41669 l6835 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42544 l3">The </span><span class="pp-class-166 pa t42544 l1525 ls101">value </span><span class="pp-class-166 pa t42544 l34625">of </span><span class="pp-class-166 pa t42544 l44028">employee </span><span class="pp-class-166 pa t42544 l6408 ls457">services </span><span class="pp-class-166 pa t42544 l44029 ls1416">received </span><span class="pp-class-166 pa t42544 l33134">during </span><span class="pp-class-166 pa t42544 l33108">the </span><span class="pp-class-166 pa t42544 l22449 ls461">vesting </span><span class="pp-class-166 pa t42544 l29408">period </span><span class="pp-class-166 pa t42544 l44030">in </span><span class="pp-class-166 pa t42544 l21720 ls851">exchange </span><span class="pp-class-166 pa t41680 l3 ls228">for </span><span class="pp-class-166 pa t41680 l2086 ls497">share </span><span class="pp-class-166 pa t41680 l27693">options </span><span class="pp-class-166 pa t41680 l44031 ls1502">granted </span><span class="pp-class-166 pa t41680 l33048 ls4405">corresponds </span><span class="pp-class-166 pa t41680 l44032 ls135">to </span><span class="pp-class-166 pa t41680 l33646">the </span><span class="pp-class-166 pa t41680 l44033 ls2307">fair </span><span class="pp-class-166 pa t41680 l15359 ls101">value </span><span class="pp-class-166 pa t41680 l44034">of </span><span class="pp-class-166 pa t41680 l44035">the </span><span class="pp-class-166 pa t41680 l44036 ls497">share </span><span class="pp-class-166 pa t41680 l44037">options </span><span class="pp-class-166 pa t41680 l44038">at </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls1122">date </span><span class="pp-class-166 pa t41687 l1734">of </span><span class="pp-class-166 pa t41687 l9104 ls1217">granting. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3 ls1853">The </span><span class="pp-class-166 pa t42559 l1942 ls1186">fair </span><span class="pp-class-166 pa t42559 l15479 ls1536">value </span><span class="pp-class-166 pa t42559 l44039 ls1866">of </span><span class="pp-class-166 pa t42559 l31775 ls1853">the </span><span class="pp-class-166 pa t42559 l44040 ls2660">options </span><span class="pp-class-166 pa t42559 l2225 ls7353">granted </span><span class="pp-class-166 pa t42559 l44041 ls1866">is </span><span class="pp-class-166 pa t42559 l30802 ls191">determined </span><span class="pp-class-166 pa t42559 l26400 ls2688">based </span><span class="pp-class-166 pa t42559 l26837 ls1866">on </span><span class="pp-class-166 pa t42559 l21078 ls1853">the </span><span class="pp-class-166 pa t42559 l44042 ls2688">Black </span><span class="pp-class-166 pa t42559 l44043 ls2307">&amp; </span><span class="pp-class-166 pa t42559 l44044 ls1853">Scholes </span><span class="pp-class-166 pa t41696 l3 ls394">valuation </span><span class="pp-class-166 pa t41696 l41233">model. </span><span class="pp-class-166 pa t41696 l44045">The </span><span class="pp-class-166 pa t41696 l44046 ls205">assumptions </span><span class="pp-class-166 pa t41696 l9916">used </span><span class="pp-class-166 pa t41696 l19303">in </span><span class="pp-class-166 pa t41696 l5762">the </span><span class="pp-class-166 pa t41696 l2899 ls394">valuation </span><span class="pp-class-166 pa t41696 l44047 ls497">takes </span><span class="pp-class-166 pa t41696 l44048 ls1122">into </span><span class="pp-class-166 pa t41696 l44049 ls614">account </span><span class="pp-class-166 pa t41696 l27164">the </span><span class="pp-class-166 pa t41704 l3 ls189">terms </span><span class="pp-class-166 pa t41704 l26657">and </span><span class="pp-class-166 pa t41704 l13479 ls923">conditions </span><span class="pp-class-166 pa t41704 l44050 ls1026">applicable </span><span class="pp-class-166 pa t41704 l19005 ls135">to </span><span class="pp-class-166 pa t41704 l42573">the </span><span class="pp-class-166 pa t41704 l21610">options </span><span class="pp-class-166 pa t41704 l6874 ls1502">granted </span><span class="pp-class-166 pa t41704 l36717">and </span><span class="pp-class-166 pa t41704 l44051 ls1528">Management’s </span><span class="pp-class-166 pa t41711 l3 ls239">expectations </span><span class="pp-class-166 pa t41711 l44052">of </span><span class="pp-class-166 pa t41711 l43674">the </span><span class="pp-class-166 pa t41711 l44053 ls455">various </span><span class="pp-class-166 pa t41711 l15499 ls564">parameters </span><span class="pp-class-166 pa t41711 l20100">on </span><span class="pp-class-166 pa t41711 l44054">which </span><span class="pp-class-166 pa t41711 l44055">the </span><span class="pp-class-166 pa t41711 l44056 ls394">valuation </span><span class="pp-class-166 pa t41711 l44057">model </span><span class="pp-class-166 pa t41711 l44058">is </span><span class="pp-class-166 pa t41711 l44059">based.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42587 l3 ls2690">Upon </span><span class="pp-class-166 pa t42587 l39659 ls2660">initial </span><span class="pp-class-166 pa t42587 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t42587 l39660 ls1866">an </span><span class="pp-class-166 pa t42587 l44060 ls191">estimate </span><span class="pp-class-166 pa t42587 l6297 ls1866">is </span><span class="pp-class-166 pa t42587 l44061 ls2690">made </span><span class="pp-class-166 pa t42587 l19012 ls1866">of </span><span class="pp-class-166 pa t42587 l44062 ls1853">the </span><span class="pp-class-166 pa t42587 l44063 ls1858">number </span><span class="pp-class-166 pa t42587 l44064 ls1866">of </span><span class="pp-class-166 pa t42587 l22140 ls2247">share </span><span class="pp-class-166 pa t42587 l44065 ls2660">options </span><span class="pp-class-166 pa t42587 l44066 ls135">that </span><span class="pp-class-166 pa t41720 l3">the </span><span class="pp-class-166 pa t41720 l1913">employees </span><span class="pp-class-166 pa t41720 l24454 ls228">are </span><span class="pp-class-166 pa t41720 l27527 ls70">expected </span><span class="pp-class-166 pa t41720 l44067 ls135">to </span><span class="pp-class-166 pa t41720 l11009 ls101">earn. </span><span class="pp-class-166 pa t41720 l44068">The </span><span class="pp-class-166 pa t41720 l44069 ls1217">estimated </span><span class="pp-class-166 pa t41720 l36736">number </span><span class="pp-class-166 pa t41720 l44070">of </span><span class="pp-class-166 pa t41720 l44071 ls497">share </span><span class="pp-class-166 pa t41720 l44072">options </span><span class="pp-class-166 pa t41720 l44073">is </span><span class="pp-class-166 pa t41727 l3">subsequently </span><span class="pp-class-166 pa t41727 l2316 ls740">adjusted </span><span class="pp-class-166 pa t41727 l2374 ls135">to </span><span class="pp-class-166 pa t41727 l44074 ls93">reflect </span><span class="pp-class-166 pa t41727 l6873">the </span><span class="pp-class-166 pa t41727 l8764 ls1636">actual </span><span class="pp-class-166 pa t41727 l12481">number </span><span class="pp-class-166 pa t41727 l44075">of </span><span class="pp-class-166 pa t41727 l6984 ls497">share </span><span class="pp-class-166 pa t41727 l44076">options </span><span class="pp-class-166 pa t41727 l44077 ls455">earned. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41743 l3 ls1853">The </span><span class="pp-class-166 pa t41743 l1942 ls2325">estimated </span><span class="pp-class-166 pa t41743 l44078 ls2836">volatility </span><span class="pp-class-166 pa t41743 l28660 ls1866">is </span><span class="pp-class-166 pa t41743 l41821 ls2688">based </span><span class="pp-class-166 pa t41743 l44079 ls1866">on </span><span class="pp-class-166 pa t41743 l44080 ls2295">historical </span><span class="pp-class-166 pa t41743 l44081 ls2483">data </span><span class="pp-class-166 pa t41743 l44082 ls83">over </span><span class="pp-class-166 pa t41743 l44083 ls1853">the </span><span class="pp-class-166 pa t41743 l44084 ls2298">preceding </span><span class="pp-class-166 pa t41743 l10601 ls497">three </span><span class="pp-class-166 pa t41743 l44085 ls101">years </span><span class="pp-class-166 pa t42609 l3 ls740">adjusted </span><span class="pp-class-166 pa t42609 l6178 ls228">for </span><span class="pp-class-166 pa t42609 l5028">any </span><span class="pp-class-166 pa t42609 l44086">unusual </span><span class="pp-class-166 pa t42609 l3556 ls2432">circumstances </span><span class="pp-class-166 pa t42609 l35414">during </span><span class="pp-class-166 pa t42609 l26497">the </span><span class="pp-class-166 pa t42609 l44087">period. </span><span class="pp-class-166 pa t42609 l9959">The </span><span class="pp-class-166 pa t42609 l44088 ls394">valuation </span><span class="pp-class-166 pa t42609 l44089">of </span><span class="pp-class-166 pa t42609 l44090">the </span><span class="pp-class-166 pa t41744 l3 ls497">share </span><span class="pp-class-166 pa t41744 l22334">options </span><span class="pp-class-166 pa t41744 l35115 ls1502">granted </span><span class="pp-class-166 pa t41744 l44091">in </span><span class="pp-class-166 pa t41744 l6214">2025 </span><span class="pp-class-166 pa t41744 l44092">and </span><span class="pp-class-166 pa t41744 l10216 ls1740">2024 </span><span class="pp-class-166 pa t41744 l20239 ls2540">is </span><span class="pp-class-166 pa t41744 l44093 ls2061">based </span><span class="pp-class-166 pa t41744 l44094 ls2540">on </span><span class="pp-class-166 pa t41744 l44095 ls1528">the </span><span class="pp-class-166 pa t41744 l44096 ls6804">following </span><span class="pp-class-166 pa t41744 l9922 ls75">assumptions:</span></p></div></div><div class="pp-class-4" id="pp-id-4500" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44097 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls228">Assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l44098 ls1866">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l44099 ls1866">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls1444">Exercise </span><span class="pp-class-166 pa t34827 l41296 ls189">price </span><span class="pp-class-166 pa t34827 l44100">(DKK)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44101">1,376.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44102">1,521.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44103">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1418">Volatility</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l44104">20.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l42474">20.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l40662">20.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls851">Risk-free </span><span class="pp-class-166 pa t35092 l31213 ls135">interest </span><span class="pp-class-166 pa t35092 l12459 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l44105">2.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l42472">2.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l40653">3.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3 ls951">Expected </span><span class="pp-class-166 pa t35098 l42454">dividends</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l44105">0.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l42472">0.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l40653">0.8%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls951">Expected </span><span class="pp-class-166 pa t35099 l42454 ls851">remaining </span><span class="pp-class-166 pa t35099 l25770 ls267">life </span><span class="pp-class-166 pa t35099 l5940 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28174">3.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28175">3.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28176">3.5</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4501" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44106 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls7002">Current </span><span class="pp-class-170 pa t28110 l39251 ls1663">share </span><span class="pp-class-170 pa t28110 l44107 ls1858">option </span><span class="pp-class-170 pa t28110 l44108 ls1858">schemes</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">Scheme</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44109">Options </span><span class="pp-class-166 pa t37784 l44110 ls2870">granted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44111 ls1444">Exercise </span><span class="pp-class-166 pa t37784 l44112">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44113 ls1444">Exercise </span><span class="pp-class-166 pa t28110 l44114 ls189">price </span><span class="pp-class-166 pa t37784 l44115">(DKK)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44116">Number </span><span class="pp-class-166 pa t28110 l44117">of </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44118">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44119 ls3342">Fair </span><span class="pp-class-166 pa t28110 l44120 ls101">value </span><span class="pp-class-166 pa t28110 l44121">at </span><span class="pp-class-166 pa t28110 l44122 ls1122">date </span><span class="pp-class-166 pa t28110 l44123">of </span><span class="pp-class-166 pa t37784 l44124 ls740">granting </span><span class="pp-class-166 pa t37784 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">2021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44125">2,438,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l4009">01.04.2024 </span><span class="pp-class-166 pa t33226 l44126">- </span><span class="pp-class-166 pa t33226 l44127">31.03.2026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44128">1,325.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42834">2,202</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44129">205.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44125">2,640,900</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l4009">01.04.2025 </span><span class="pp-class-166 pa t40837 l44126">- </span><span class="pp-class-166 pa t40837 l44127">31.03.2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44128">1,485.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42834">2,524</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44129">279.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44125">2,664,000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l4009">01.04.2026 </span><span class="pp-class-166 pa t40841 l44126">- </span><span class="pp-class-166 pa t40841 l44127">31.03.2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44128">1,485.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42834">2,516</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44129">368.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44125">2,017,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l4009">01.04.2027 </span><span class="pp-class-166 pa t40842 l44126">- </span><span class="pp-class-166 pa t40842 l44127">31.03.2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44128">1,106.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42834">2,196</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44129">366.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44125">1,782,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l4009">01.04.2028 </span><span class="pp-class-166 pa t40847 l44126">- </span><span class="pp-class-166 pa t40847 l44127">31.03.2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44128">1,376.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42834">2,235</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44129">381.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44130">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l4009">01.04.2028 </span><span class="pp-class-166 pa t37425 l44126">- </span><span class="pp-class-166 pa t37425 l44127">31.03.2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44128">1,521.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42850">92</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28940">28.2</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4502" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44131 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls1663">Share </span><span class="pp-class-170 pa t28110 l4161 ls1858">option </span><span class="pp-class-170 pa t28110 l44132 ls2660">schemes </span><span class="pp-class-170 pa t28110 l44133 ls1866">at </span><span class="pp-class-170 pa t28110 l44134 ls1866">31 </span><span class="pp-class-170 pa t28110 l44135 ls1860">December </span><span class="pp-class-170 pa t28110 l44136 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">Scheme</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44137 ls93">Executive </span><span class="pp-class-166 pa t37784 l44138 ls267">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44139 ls1430">Key </span><span class="pp-class-166 pa t37784 l44140">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44141 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44142 ls2834">Average </span><span class="pp-class-166 pa t28110 l44143 ls3267">exercise </span><span class="pp-class-166 pa t28110 l44144 ls189">price </span><span class="pp-class-166 pa t37784 l44145">per </span><span class="pp-class-166 pa t37784 l44146">option </span><span class="pp-class-166 pa t37784 l44147">(DKK)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">2021</span><span class="pp-class-174 pa t44148 l28657">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44149">66,000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44150">883,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44151">949,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44152">1,325.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">2022</span><span class="pp-class-174 pa t44153 l28657">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44154">125,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44155">1,983,050</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44156">2,108,550</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44152">1,485.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44154">129,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44155">2,376,550</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44156">2,505,850</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44152">1,485.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44154">116,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44155">1,828,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44156">1,945,695</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44152">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44154">134,330</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44155">1,631,380</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44156">1,765,710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44152">1,376.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44157">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44150">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44151">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44152">1,521.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t37427 l44158 ls1866">at </span><span class="pp-class-170 pa t37427 l44159 ls1866">31 </span><span class="pp-class-170 pa t37427 l44160 ls1860">December </span><span class="pp-class-170 pa t37427 l43287 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44161">572,075</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44162">8,827,958</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44163">9,400,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44164">1,370.4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l3">Open </span><span class="pp-class-166 pa t11315 l44165 ls228">for </span><span class="pp-class-166 pa t11315 l44166 ls3267">exercise </span><span class="pp-class-166 pa t11315 l11308">at </span><span class="pp-class-166 pa t11315 l44167">31 </span><span class="pp-class-166 pa t11315 l44168 ls234">December </span><span class="pp-class-166 pa t11315 l44169">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44154">191,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44155">2,866,293</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44156">3,057,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44152">1,435.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l3 ls267">Life </span><span class="pp-class-166 pa t44170 l44171 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44172">2.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44173">2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44174">2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44175">n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l3 ls3342">Fair </span><span class="pp-class-166 pa t44176 l34964 ls101">value </span><span class="pp-class-166 pa t44176 l34965">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44177">179.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44128">2,694.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44178">2,874.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44175">n.a.</span></p></td></tr></table></div></div><div id="pp-id-4503" xmlns="http://www.w3.org/1999/xhtml"><div class="w44179 h44180 pa t2 l3 wtro4 xx2758 tro6 xx2759"><p class="pp-class-164 pp-area-text"><span class="pp-class-175 pa t4254 l3">1</span><span class="pp-class-173 pa t2760 l7664"/><span class="pp-class-173 pa t2760 l4255 ls856">Share </span><span class="pp-class-173 pa t2760 l44181 ls166">options </span><span class="pp-class-173 pa t2760 l44182 ls1129">granted </span><span class="pp-class-173 pa t2760 l44183">in </span><span class="pp-class-173 pa t2760 l44184">2021 </span><span class="pp-class-173 pa t2760 l44185">and </span><span class="pp-class-173 pa t2760 l44186">2022 </span><span class="pp-class-173 pa t2760 l44187 ls52">are </span><span class="pp-class-173 pa t2760 l44188 ls3782">currently </span><span class="pp-class-173 pa t2760 l44189 ls1129">exercisable.</span></p></div></div><div class="pp-class-4" id="pp-id-4504" xmlns="http://www.w3.org/1999/xhtml"><div class="w44190 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.2 </span><span class="pp-class-169 pa t254 l37093 ls257">Share </span><span class="pp-class-169 pa t254 l44011 ls6700">option </span><span class="pp-class-169 pa t254 l44012 ls692">schemes </span><span class="pp-class-169 pa t254 l44191 ls1180">— </span><span class="pp-class-169 pa t254 l44192 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4505" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44193 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls6083">Share </span><span class="pp-class-170 pa t41651 l41198 ls3050">option </span><span class="pp-class-170 pa t41651 l44194 ls3050">schemes</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV </span><span class="pp-class-166 pa t41653 l202">has </span><span class="pp-class-166 pa t41653 l17851">launched </span><span class="pp-class-166 pa t41653 l7275 ls740">share-based </span><span class="pp-class-166 pa t41653 l11041 ls704">incentive </span><span class="pp-class-166 pa t41653 l29982">schemes </span><span class="pp-class-166 pa t41653 l44195">with </span><span class="pp-class-166 pa t41653 l4919">the </span><span class="pp-class-166 pa t41653 l44196">purpose </span><span class="pp-class-166 pa t41653 l44197">of </span><span class="pp-class-166 pa t41653 l42754 ls189">moti-</span><span class="pp-class-166 pa t41661 l3 ls239">vating </span><span class="pp-class-166 pa t41661 l44198">and </span><span class="pp-class-166 pa t41661 l44199 ls497">retaining </span><span class="pp-class-166 pa t41661 l32219 ls1119">key </span><span class="pp-class-166 pa t41661 l2996">employees </span><span class="pp-class-166 pa t41661 l3567 ls702">across </span><span class="pp-class-166 pa t41661 l44200">the </span><span class="pp-class-166 pa t41661 l44201 ls2022">organisation </span><span class="pp-class-166 pa t41661 l44202">and </span><span class="pp-class-166 pa t41661 l44203">aligning </span><span class="pp-class-166 pa t41661 l44204">their </span><span class="pp-class-166 pa t41669 l3 ls921">interests </span><span class="pp-class-166 pa t41669 l14570">with </span><span class="pp-class-166 pa t41669 l44205">those </span><span class="pp-class-166 pa t41669 l14725">of </span><span class="pp-class-166 pa t41669 l6408">our </span><span class="pp-class-166 pa t41669 l22743 ls180">shareholders. </span><span class="pp-class-166 pa t41669 l31992 ls497">Share </span><span class="pp-class-166 pa t41669 l26017">options </span><span class="pp-class-166 pa t41669 l14469 ls228">are </span><span class="pp-class-166 pa t41669 l44206 ls1416">awarded </span><span class="pp-class-166 pa t41669 l44207 ls135">to </span><span class="pp-class-166 pa t41669 l44208 ls1119">key </span><span class="pp-class-166 pa t41677 l3">employees </span><span class="pp-class-166 pa t41677 l19322">and </span><span class="pp-class-166 pa t41677 l5255">members </span><span class="pp-class-166 pa t41677 l44209">of </span><span class="pp-class-166 pa t41677 l44210">the </span><span class="pp-class-166 pa t41677 l44211 ls93">Executive </span><span class="pp-class-166 pa t41677 l44212 ls497">Board.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41680 l3 ls1021">Retention </span><span class="pp-class-166 pa t41680 l44213">is </span><span class="pp-class-166 pa t41680 l26860 ls1122">motivated </span><span class="pp-class-166 pa t41680 l44214">by </span><span class="pp-class-166 pa t41680 l44215 ls851">requiring </span><span class="pp-class-166 pa t41680 l14326 ls1428">continued </span><span class="pp-class-166 pa t41680 l44216 ls1915">service </span><span class="pp-class-166 pa t41680 l29953 ls228">for </span><span class="pp-class-166 pa t41680 l41685">a </span><span class="pp-class-166 pa t41680 l6012">period </span><span class="pp-class-166 pa t41680 l44217 ls1217">covering </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls461">vesting </span><span class="pp-class-166 pa t41687 l14203">period </span><span class="pp-class-166 pa t41687 l6762">as </span><span class="pp-class-166 pa t41687 l39461">a </span><span class="pp-class-166 pa t41687 l44218">minimum. </span><span class="pp-class-166 pa t41687 l3457">The </span><span class="pp-class-166 pa t41687 l14552">schemes </span><span class="pp-class-166 pa t41687 l44219 ls228">are </span><span class="pp-class-166 pa t41687 l44220">also </span><span class="pp-class-166 pa t41687 l44221 ls234">intended </span><span class="pp-class-166 pa t41687 l44222 ls135">to </span><span class="pp-class-166 pa t41687 l44223">align </span><span class="pp-class-166 pa t41687 l39249">the </span><span class="pp-class-166 pa t41695 l3 ls921">interests </span><span class="pp-class-166 pa t41695 l14570">of </span><span class="pp-class-166 pa t41695 l15150">employees </span><span class="pp-class-166 pa t41695 l44224">and </span><span class="pp-class-166 pa t41695 l32863 ls180">shareholders. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41696 l3">All </span><span class="pp-class-166 pa t41696 l2312 ls9321">active </span><span class="pp-class-166 pa t41696 l23114">schemes </span><span class="pp-class-166 pa t41696 l44225 ls1849">entail </span><span class="pp-class-166 pa t41696 l19052">a </span><span class="pp-class-166 pa t41696 l44226 ls2476">three-year </span><span class="pp-class-166 pa t41696 l44227 ls461">vesting </span><span class="pp-class-166 pa t41696 l44228">period </span><span class="pp-class-166 pa t41696 l44229">and </span><span class="pp-class-166 pa t41696 l6936">a </span><span class="pp-class-166 pa t41696 l22443 ls377">two-year </span><span class="pp-class-166 pa t41696 l44230 ls3267">exercise </span><span class="pp-class-166 pa t41704 l3">period. </span><span class="pp-class-166 pa t41704 l44025">In </span><span class="pp-class-166 pa t41704 l27192 ls923">case </span><span class="pp-class-166 pa t41704 l29484">of </span><span class="pp-class-166 pa t41704 l44231">a </span><span class="pp-class-166 pa t41704 l44232">change </span><span class="pp-class-166 pa t41704 l44233">of </span><span class="pp-class-166 pa t41704 l42316 ls265">control, </span><span class="pp-class-166 pa t41704 l44234">all </span><span class="pp-class-166 pa t41704 l13472 ls86">outstanding </span><span class="pp-class-166 pa t41704 l44235 ls497">share </span><span class="pp-class-166 pa t41704 l44051">options </span><span class="pp-class-166 pa t41704 l44236">will </span><span class="pp-class-166 pa t41704 l38476 ls4153">vest. </span><span class="pp-class-166 pa t41711 l3 ls1444">Exercise </span><span class="pp-class-166 pa t41711 l41296 ls740">prices </span><span class="pp-class-166 pa t41711 l44237 ls228">are </span><span class="pp-class-166 pa t41711 l2043 ls234">set </span><span class="pp-class-166 pa t41711 l44238">based </span><span class="pp-class-166 pa t41711 l44239">on </span><span class="pp-class-166 pa t41711 l26833">the </span><span class="pp-class-166 pa t41711 l26834 ls2236">quoted </span><span class="pp-class-166 pa t41711 l44240 ls495">market </span><span class="pp-class-166 pa t41711 l44241 ls740">prices </span><span class="pp-class-166 pa t41711 l44064 ls455">leading </span><span class="pp-class-166 pa t41711 l44242">up </span><span class="pp-class-166 pa t41711 l13729 ls135">to </span><span class="pp-class-166 pa t41711 l43682">the </span><span class="pp-class-166 pa t41717 l3 ls1122">date </span><span class="pp-class-166 pa t41717 l36613">of </span><span class="pp-class-166 pa t41717 l44243 ls1217">granting. </span><span class="pp-class-166 pa t41717 l44244">The </span><span class="pp-class-166 pa t41717 l38000 ls497">share </span><span class="pp-class-166 pa t41717 l44245">options </span><span class="pp-class-166 pa t41717 l2716 ls234">can </span><span class="pp-class-166 pa t41717 l44246">be </span><span class="pp-class-166 pa t41717 l5089 ls1766">exercised </span><span class="pp-class-166 pa t41717 l44247">by </span><span class="pp-class-166 pa t41717 l44248 ls923">cash </span><span class="pp-class-166 pa t41717 l44249 ls66">purchase </span><span class="pp-class-166 pa t41717 l44250">of </span><span class="pp-class-166 pa t41717 l39429 ls564">shares </span><span class="pp-class-166 pa t42587 l3 ls2236">only. </span><span class="pp-class-166 pa t42587 l27906">The </span><span class="pp-class-166 pa t42587 l44251">obligation </span><span class="pp-class-166 pa t42587 l44252 ls66">relating </span><span class="pp-class-166 pa t42587 l44253 ls135">to </span><span class="pp-class-166 pa t42587 l4035">the </span><span class="pp-class-166 pa t42587 l42573">schemes </span><span class="pp-class-166 pa t42587 l34143">is </span><span class="pp-class-166 pa t42587 l44228 ls1617">partly </span><span class="pp-class-166 pa t42587 l16032 ls2081">covered </span><span class="pp-class-166 pa t42587 l15066">by </span><span class="pp-class-166 pa t42587 l23936">the </span><span class="pp-class-166 pa t42587 l44254 ls856">Company’s </span><span class="pp-class-166 pa t41720 l3 ls187">treasury </span><span class="pp-class-166 pa t41720 l44255 ls564">shares.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41734 l3 ls497">Share </span><span class="pp-class-166 pa t41734 l15462">options </span><span class="pp-class-166 pa t41734 l44256 ls228">are </span><span class="pp-class-166 pa t41734 l19265 ls1502">granted </span><span class="pp-class-166 pa t41734 l44257">in </span><span class="pp-class-166 pa t41734 l44258 ls228">accordance </span><span class="pp-class-166 pa t41734 l44259">with </span><span class="pp-class-166 pa t41734 l44260">the </span><span class="pp-class-166 pa t41734 l44261 ls3681">procedures </span><span class="pp-class-166 pa t41734 l44262">outlined </span><span class="pp-class-166 pa t41734 l24323">in </span><span class="pp-class-166 pa t41734 l44263">the </span><span class="pp-class-166 pa t41743 l3 ls1165">Group’s </span><span class="pp-class-166 pa t41743 l5922 ls851">Remuneration </span><span class="pp-class-166 pa t41743 l44264 ls1575">Policy </span><span class="pp-class-166 pa t41743 l44265 ls228">for </span><span class="pp-class-166 pa t41743 l44266">the </span><span class="pp-class-166 pa t41743 l37221 ls143">respective </span><span class="pp-class-166 pa t41743 l16319 ls1536">year. </span><span class="pp-class-166 pa t41743 l28653">In </span><span class="pp-class-166 pa t41743 l19910">2025, </span><span class="pp-class-166 pa t41743 l31724 ls70">two </span><span class="pp-class-166 pa t41743 l22189 ls497">share </span><span class="pp-class-166 pa t41743 l44267">option </span><span class="pp-class-166 pa t42609 l3">schemes </span><span class="pp-class-166 pa t42609 l44268 ls2487">were </span><span class="pp-class-166 pa t42609 l44269 ls1502">granted.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3">A </span><span class="pp-class-166 pa t41746 l454 ls169">total </span><span class="pp-class-166 pa t41746 l44270">of </span><span class="pp-class-166 pa t41746 l27865">3,184 </span><span class="pp-class-166 pa t41746 l44271">employees </span><span class="pp-class-166 pa t41746 l19379">held </span><span class="pp-class-166 pa t41746 l44272 ls497">share </span><span class="pp-class-166 pa t41746 l12268">options </span><span class="pp-class-166 pa t41746 l44273">at </span><span class="pp-class-166 pa t41746 l44274">31 </span><span class="pp-class-166 pa t41746 l1508 ls234">December </span><span class="pp-class-166 pa t41746 l44275">2025 </span><span class="pp-class-166 pa t41746 l44276">(2024: </span><span class="pp-class-166 pa t41750 l3">3,054 </span><span class="pp-class-166 pa t41750 l8623">employees). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42629 l3 ls3686">Total </span><span class="pp-class-166 pa t42629 l8908 ls1129">costs </span><span class="pp-class-166 pa t42629 l30425 ls564">recognised </span><span class="pp-class-166 pa t42629 l44277">in </span><span class="pp-class-166 pa t42629 l44278">2025 </span><span class="pp-class-166 pa t42629 l44279 ls228">for </span><span class="pp-class-166 pa t42629 l44280 ls457">services </span><span class="pp-class-166 pa t42629 l44281 ls1416">received </span><span class="pp-class-166 pa t42629 l44282">but </span><span class="pp-class-166 pa t42629 l44283 ls1528">not </span><span class="pp-class-166 pa t42629 l21019 ls564">recognised </span><span class="pp-class-166 pa t42629 l44284">as </span><span class="pp-class-166 pa t41758 l3">an </span><span class="pp-class-166 pa t41758 l12559 ls1428">asset </span><span class="pp-class-166 pa t41758 l4185 ls234">amounted </span><span class="pp-class-166 pa t41758 l18746 ls135">to </span><span class="pp-class-166 pa t41758 l7411">DKK </span><span class="pp-class-166 pa t41758 l15398">359 </span><span class="pp-class-166 pa t41758 l41810">million </span><span class="pp-class-166 pa t41758 l44285">(2024: </span><span class="pp-class-166 pa t41758 l3899">DKK </span><span class="pp-class-166 pa t41758 l40627">327 </span><span class="pp-class-166 pa t41758 l20737">million). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41767 l3">The </span><span class="pp-class-166 pa t41767 l1525 ls946">average </span><span class="pp-class-166 pa t41767 l18726 ls497">share </span><span class="pp-class-166 pa t41767 l44286 ls189">price </span><span class="pp-class-166 pa t41767 l29452 ls228">for </span><span class="pp-class-166 pa t41767 l11088">options </span><span class="pp-class-166 pa t41767 l23433 ls1766">exercised </span><span class="pp-class-166 pa t41767 l32015">in </span><span class="pp-class-166 pa t41767 l44287">the </span><span class="pp-class-166 pa t41767 l44288">financial </span><span class="pp-class-166 pa t41767 l30587 ls48">year </span><span class="pp-class-166 pa t41767 l41567 ls1528">was </span><span class="pp-class-166 pa t41767 l44289">DKK </span><span class="pp-class-166 pa t41777 l3">1,475.9 </span><span class="pp-class-166 pa t41777 l44290">per </span><span class="pp-class-166 pa t41777 l33793 ls497">share </span><span class="pp-class-166 pa t41777 l44291">at </span><span class="pp-class-166 pa t41777 l44292">the </span><span class="pp-class-166 pa t41777 l3080 ls1122">date </span><span class="pp-class-166 pa t41777 l4478">of </span><span class="pp-class-166 pa t41777 l44293 ls3267">exercise </span><span class="pp-class-166 pa t41777 l20655">(2024: </span><span class="pp-class-166 pa t41777 l30954">DKK </span><span class="pp-class-166 pa t41777 l44294">1,245.8 </span><span class="pp-class-166 pa t41777 l44295">per </span><span class="pp-class-166 pa t41777 l44296 ls564">share).</span></p></div></div><div id="pp-id-4506" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44297 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t37786 l44158 ls1663">share </span><span class="pp-class-170 pa t37786 l44298 ls1858">options</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44299 ls70">Executive</span><span class="pp-class-166 pa t37786 l44300"/><span class="pp-class-166 pa t37786 l44301 ls267">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44302 ls1430">Key </span><span class="pp-class-166 pa t37786 l44303">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l44304 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44305 ls2834">Average </span><span class="pp-class-166 pa t28110 l44306 ls3267">exercise </span><span class="pp-class-166 pa t37784 l44307 ls189">price </span><span class="pp-class-166 pa t37784 l44308">per </span><span class="pp-class-166 pa t37784 l44309">option </span><span class="pp-class-166 pa t37786 l44147">(DKK)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3 ls86">Outstanding </span><span class="pp-class-166 pa t37810 l44310">at </span><span class="pp-class-166 pa t37810 l44311">1 </span><span class="pp-class-166 pa t37810 l15566 ls1915">January </span><span class="pp-class-166 pa t37810 l8813">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44312"/><span class="pp-class-166 pa t37810 l44313">467,745 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44314"/><span class="pp-class-166 pa t37810 l44315">8,966,411 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44316"/><span class="pp-class-166 pa t37810 l44317">9,434,156 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44318"/><span class="pp-class-166 pa t37810 l44152">1,323.8 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls1502">Granted </span><span class="pp-class-166 pa t37821 l3944">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44313">134,330</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44315">1,647,885</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44317">1,782,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44152">1,376.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3 ls1502">Granted </span><span class="pp-class-166 pa t37823 l3944">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44320">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44321">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44152">1,521.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3 ls1444">Exercised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44322">(30,000)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44323">(1,782,460)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44324">(1,812,460)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44152">1,147.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l3">Options </span><span class="pp-class-166 pa t8918 l33523 ls3238">waived/expired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44325">(128,863)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44326">(128,863)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44152">1,315.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t39932 l44158 ls1866">at </span><span class="pp-class-170 pa t39932 l44159 ls1866">31 </span><span class="pp-class-170 pa t39932 l44160 ls1860">December </span><span class="pp-class-170 pa t39932 l43287 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44327 ls1858">572,075</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44328 ls1498">8,827,958</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44329 ls1498">9,400,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44330 ls1858">1,370.4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l3 ls86">Outstanding </span><span class="pp-class-166 pa t39943 l44310">at </span><span class="pp-class-166 pa t39943 l44311">1 </span><span class="pp-class-166 pa t39943 l15566 ls1915">January </span><span class="pp-class-166 pa t39943 l8813">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44313">565,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44315">9,351,375</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44317">9,917,125</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44152">1,219.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l3 ls2269">Transferred</span><span class="pp-class-174 pa t44331 l29129">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44332">(190,950)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44320">190,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44333">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44175">n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l3 ls2870">Granted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44313">116,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44315">1,900,220</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44317">2,017,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44152">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l3 ls1444">Exercised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44322">(24,000)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44323">(2,237,172)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44324">(2,261,172)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44129">664.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l3">Options </span><span class="pp-class-166 pa t39350 l33523 ls3238">waived/expired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44325">(238,962)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44326">(238,962)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44152">1,380.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t39357 l44158 ls1866">at </span><span class="pp-class-170 pa t39357 l44159 ls1866">31 </span><span class="pp-class-170 pa t39357 l44160 ls1860">December </span><span class="pp-class-170 pa t39357 l43287 ls1853">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44327 ls1858">467,745</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44328 ls1498">8,966,411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44329 ls1498">9,434,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44330 ls1858">1,323.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-175 pa t44334 l3">1</span><span class="pp-class-173 pa t44335 l7664"/><span class="pp-class-173 pa t44335 l4255 ls15770">Brian </span><span class="pp-class-173 pa t44335 l44336 ls166">Ejsing </span><span class="pp-class-173 pa t44335 l44337">has </span><span class="pp-class-173 pa t44335 l44338 ls704">previously </span><span class="pp-class-173 pa t44335 l44339 ls1444">received </span><span class="pp-class-173 pa t44335 l44340 ls856">share </span><span class="pp-class-173 pa t44335 l44341 ls166">options </span><span class="pp-class-173 pa t44335 l44342">in </span><span class="pp-class-173 pa t44335 l44343">the </span><span class="pp-class-173 pa t44335 l44344 ls180">Director’s </span><span class="pp-class-173 pa t44335 l44345 ls2540">former </span><span class="pp-class-173 pa t44335 l44346 ls63">capacity </span><span class="pp-class-173 pa t44335 l44347">as </span><span class="pp-class-173 pa t44335 l44348 ls154">key </span><span class="pp-class-173 pa t44335 l44349 ls166">employee. </span><span class="pp-class-173 pa t44335 l44350">These </span><span class="pp-class-173 pa t44335 l44351 ls239">have </span><span class="pp-class-173 pa t44335 l44352 ls166">been </span><span class="pp-class-173 pa t44335 l44353 ls52">transferred </span><span class="pp-class-173 pa t44335 l44354 ls3490">from </span><span class="pp-class-173 pa t44335 l44355 ls154">key </span><span class="pp-class-173 pa t44335 l44356 ls166">employees </span><span class="pp-class-173 pa t44335 l44357 ls614">to </span><span class="pp-class-173 pa t44335 l44358 ls556">Executive </span><span class="pp-class-173 pa t44335 l44359 ls2540">Board. </span><span class="pp-class-173 pa t44335 l44360 ls166">Due </span><span class="pp-class-173 pa t44335 l44361 ls614">to </span><span class="pp-class-173 pa t44335 l44362">the </span><span class="pp-class-173 pa t44335 l44363">CEO </span><span class="pp-class-173 pa t44335 l44364 ls166">change </span><span class="pp-class-173 pa t44335 l44365">that </span><span class="pp-class-173 pa t44335 l44366 ls826">took </span><span class="pp-class-173 pa t44335 l44367 ls2221">effect </span><span class="pp-class-173 pa t44335 l44368 ls166">in </span><span class="pp-class-173 pa t44369 l4255">2024, </span><span class="pp-class-173 pa t44369 l44370 ls856">share </span><span class="pp-class-173 pa t44369 l44371">options </span><span class="pp-class-173 pa t44369 l44372 ls1129">granted </span><span class="pp-class-173 pa t44369 l44373 ls614">to </span><span class="pp-class-173 pa t44369 l44374">Jens </span><span class="pp-class-173 pa t44369 l44375">Bjørn </span><span class="pp-class-173 pa t44369 l44376">Andersen </span><span class="pp-class-173 pa t44369 l44377 ls239">have </span><span class="pp-class-173 pa t44369 l44378">been </span><span class="pp-class-173 pa t44369 l44379 ls52">transferred </span><span class="pp-class-173 pa t44369 l44380 ls3490">from </span><span class="pp-class-173 pa t44369 l44381 ls556">Executive </span><span class="pp-class-173 pa t44369 l44382 ls856">Board </span><span class="pp-class-173 pa t44369 l44383 ls614">to </span><span class="pp-class-173 pa t44369 l44384 ls154">key </span><span class="pp-class-173 pa t44369 l44385">employees.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div> <div class="pp-class-4" id="pp-id-4498" xmlns="http://www.w3.org/1999/xhtml"><div class="w44010 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.2 </span><span class="pp-class-169 pa t254 l37093 ls257">Share </span><span class="pp-class-169 pa t254 l44011 ls6700">option </span><span class="pp-class-169 pa t254 l44012 ls6700">schemes</span></p></div></div><div class="pp-class-4" id="pp-id-4499" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44013 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV's </span><span class="pp-class-166 pa t41653 l20293 ls497">share </span><span class="pp-class-166 pa t41653 l30085">option </span><span class="pp-class-166 pa t41653 l44014">schemes </span><span class="pp-class-166 pa t41653 l44015 ls228">are </span><span class="pp-class-166 pa t41653 l26094 ls1595">equity-settled, </span><span class="pp-class-166 pa t41653 l44016 ls1528">measured </span><span class="pp-class-166 pa t41653 l44017">at </span><span class="pp-class-166 pa t41653 l30491">the </span><span class="pp-class-166 pa t41653 l44018 ls1129">grant </span><span class="pp-class-166 pa t41653 l30261 ls1122">date </span><span class="pp-class-166 pa t41661 l3">and </span><span class="pp-class-166 pa t41661 l1192 ls564">recognised </span><span class="pp-class-166 pa t41661 l41966">in </span><span class="pp-class-166 pa t41661 l43261">the </span><span class="pp-class-166 pa t41661 l44019 ls1122">statement </span><span class="pp-class-166 pa t41661 l44020">of </span><span class="pp-class-166 pa t41661 l28312 ls564">profit </span><span class="pp-class-166 pa t41661 l44021">or </span><span class="pp-class-166 pa t41661 l44022 ls48">loss </span><span class="pp-class-166 pa t41661 l26957">as </span><span class="pp-class-166 pa t41661 l27152 ls1575">staff </span><span class="pp-class-166 pa t41661 l20290 ls1129">costs </span><span class="pp-class-166 pa t41661 l8906 ls48">over </span><span class="pp-class-166 pa t41661 l44023">the </span><span class="pp-class-166 pa t41661 l44024 ls461">vesting </span><span class="pp-class-166 pa t41669 l3">period. </span><span class="pp-class-166 pa t41669 l44025">The </span><span class="pp-class-166 pa t41669 l44026 ls158">offsetting </span><span class="pp-class-166 pa t41669 l14494 ls1122">item </span><span class="pp-class-166 pa t41669 l4618">is </span><span class="pp-class-166 pa t41669 l26871 ls564">recognised </span><span class="pp-class-166 pa t41669 l44027 ls461">directly </span><span class="pp-class-166 pa t41669 l21594">in </span><span class="pp-class-166 pa t41669 l6835 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42544 l3">The </span><span class="pp-class-166 pa t42544 l1525 ls101">value </span><span class="pp-class-166 pa t42544 l34625">of </span><span class="pp-class-166 pa t42544 l44028">employee </span><span class="pp-class-166 pa t42544 l6408 ls457">services </span><span class="pp-class-166 pa t42544 l44029 ls1416">received </span><span class="pp-class-166 pa t42544 l33134">during </span><span class="pp-class-166 pa t42544 l33108">the </span><span class="pp-class-166 pa t42544 l22449 ls461">vesting </span><span class="pp-class-166 pa t42544 l29408">period </span><span class="pp-class-166 pa t42544 l44030">in </span><span class="pp-class-166 pa t42544 l21720 ls851">exchange </span><span class="pp-class-166 pa t41680 l3 ls228">for </span><span class="pp-class-166 pa t41680 l2086 ls497">share </span><span class="pp-class-166 pa t41680 l27693">options </span><span class="pp-class-166 pa t41680 l44031 ls1502">granted </span><span class="pp-class-166 pa t41680 l33048 ls4405">corresponds </span><span class="pp-class-166 pa t41680 l44032 ls135">to </span><span class="pp-class-166 pa t41680 l33646">the </span><span class="pp-class-166 pa t41680 l44033 ls2307">fair </span><span class="pp-class-166 pa t41680 l15359 ls101">value </span><span class="pp-class-166 pa t41680 l44034">of </span><span class="pp-class-166 pa t41680 l44035">the </span><span class="pp-class-166 pa t41680 l44036 ls497">share </span><span class="pp-class-166 pa t41680 l44037">options </span><span class="pp-class-166 pa t41680 l44038">at </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls1122">date </span><span class="pp-class-166 pa t41687 l1734">of </span><span class="pp-class-166 pa t41687 l9104 ls1217">granting. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3 ls1853">The </span><span class="pp-class-166 pa t42559 l1942 ls1186">fair </span><span class="pp-class-166 pa t42559 l15479 ls1536">value </span><span class="pp-class-166 pa t42559 l44039 ls1866">of </span><span class="pp-class-166 pa t42559 l31775 ls1853">the </span><span class="pp-class-166 pa t42559 l44040 ls2660">options </span><span class="pp-class-166 pa t42559 l2225 ls7353">granted </span><span class="pp-class-166 pa t42559 l44041 ls1866">is </span><span class="pp-class-166 pa t42559 l30802 ls191">determined </span><span class="pp-class-166 pa t42559 l26400 ls2688">based </span><span class="pp-class-166 pa t42559 l26837 ls1866">on </span><span class="pp-class-166 pa t42559 l21078 ls1853">the </span><span class="pp-class-166 pa t42559 l44042 ls2688">Black </span><span class="pp-class-166 pa t42559 l44043 ls2307">&amp; </span><span class="pp-class-166 pa t42559 l44044 ls1853">Scholes </span><span class="pp-class-166 pa t41696 l3 ls394">valuation </span><span class="pp-class-166 pa t41696 l41233">model. </span><span class="pp-class-166 pa t41696 l44045">The </span><span class="pp-class-166 pa t41696 l44046 ls205">assumptions </span><span class="pp-class-166 pa t41696 l9916">used </span><span class="pp-class-166 pa t41696 l19303">in </span><span class="pp-class-166 pa t41696 l5762">the </span><span class="pp-class-166 pa t41696 l2899 ls394">valuation </span><span class="pp-class-166 pa t41696 l44047 ls497">takes </span><span class="pp-class-166 pa t41696 l44048 ls1122">into </span><span class="pp-class-166 pa t41696 l44049 ls614">account </span><span class="pp-class-166 pa t41696 l27164">the </span><span class="pp-class-166 pa t41704 l3 ls189">terms </span><span class="pp-class-166 pa t41704 l26657">and </span><span class="pp-class-166 pa t41704 l13479 ls923">conditions </span><span class="pp-class-166 pa t41704 l44050 ls1026">applicable </span><span class="pp-class-166 pa t41704 l19005 ls135">to </span><span class="pp-class-166 pa t41704 l42573">the </span><span class="pp-class-166 pa t41704 l21610">options </span><span class="pp-class-166 pa t41704 l6874 ls1502">granted </span><span class="pp-class-166 pa t41704 l36717">and </span><span class="pp-class-166 pa t41704 l44051 ls1528">Management’s </span><span class="pp-class-166 pa t41711 l3 ls239">expectations </span><span class="pp-class-166 pa t41711 l44052">of </span><span class="pp-class-166 pa t41711 l43674">the </span><span class="pp-class-166 pa t41711 l44053 ls455">various </span><span class="pp-class-166 pa t41711 l15499 ls564">parameters </span><span class="pp-class-166 pa t41711 l20100">on </span><span class="pp-class-166 pa t41711 l44054">which </span><span class="pp-class-166 pa t41711 l44055">the </span><span class="pp-class-166 pa t41711 l44056 ls394">valuation </span><span class="pp-class-166 pa t41711 l44057">model </span><span class="pp-class-166 pa t41711 l44058">is </span><span class="pp-class-166 pa t41711 l44059">based.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42587 l3 ls2690">Upon </span><span class="pp-class-166 pa t42587 l39659 ls2660">initial </span><span class="pp-class-166 pa t42587 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t42587 l39660 ls1866">an </span><span class="pp-class-166 pa t42587 l44060 ls191">estimate </span><span class="pp-class-166 pa t42587 l6297 ls1866">is </span><span class="pp-class-166 pa t42587 l44061 ls2690">made </span><span class="pp-class-166 pa t42587 l19012 ls1866">of </span><span class="pp-class-166 pa t42587 l44062 ls1853">the </span><span class="pp-class-166 pa t42587 l44063 ls1858">number </span><span class="pp-class-166 pa t42587 l44064 ls1866">of </span><span class="pp-class-166 pa t42587 l22140 ls2247">share </span><span class="pp-class-166 pa t42587 l44065 ls2660">options </span><span class="pp-class-166 pa t42587 l44066 ls135">that </span><span class="pp-class-166 pa t41720 l3">the </span><span class="pp-class-166 pa t41720 l1913">employees </span><span class="pp-class-166 pa t41720 l24454 ls228">are </span><span class="pp-class-166 pa t41720 l27527 ls70">expected </span><span class="pp-class-166 pa t41720 l44067 ls135">to </span><span class="pp-class-166 pa t41720 l11009 ls101">earn. </span><span class="pp-class-166 pa t41720 l44068">The </span><span class="pp-class-166 pa t41720 l44069 ls1217">estimated </span><span class="pp-class-166 pa t41720 l36736">number </span><span class="pp-class-166 pa t41720 l44070">of </span><span class="pp-class-166 pa t41720 l44071 ls497">share </span><span class="pp-class-166 pa t41720 l44072">options </span><span class="pp-class-166 pa t41720 l44073">is </span><span class="pp-class-166 pa t41727 l3">subsequently </span><span class="pp-class-166 pa t41727 l2316 ls740">adjusted </span><span class="pp-class-166 pa t41727 l2374 ls135">to </span><span class="pp-class-166 pa t41727 l44074 ls93">reflect </span><span class="pp-class-166 pa t41727 l6873">the </span><span class="pp-class-166 pa t41727 l8764 ls1636">actual </span><span class="pp-class-166 pa t41727 l12481">number </span><span class="pp-class-166 pa t41727 l44075">of </span><span class="pp-class-166 pa t41727 l6984 ls497">share </span><span class="pp-class-166 pa t41727 l44076">options </span><span class="pp-class-166 pa t41727 l44077 ls455">earned. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41743 l3 ls1853">The </span><span class="pp-class-166 pa t41743 l1942 ls2325">estimated </span><span class="pp-class-166 pa t41743 l44078 ls2836">volatility </span><span class="pp-class-166 pa t41743 l28660 ls1866">is </span><span class="pp-class-166 pa t41743 l41821 ls2688">based </span><span class="pp-class-166 pa t41743 l44079 ls1866">on </span><span class="pp-class-166 pa t41743 l44080 ls2295">historical </span><span class="pp-class-166 pa t41743 l44081 ls2483">data </span><span class="pp-class-166 pa t41743 l44082 ls83">over </span><span class="pp-class-166 pa t41743 l44083 ls1853">the </span><span class="pp-class-166 pa t41743 l44084 ls2298">preceding </span><span class="pp-class-166 pa t41743 l10601 ls497">three </span><span class="pp-class-166 pa t41743 l44085 ls101">years </span><span class="pp-class-166 pa t42609 l3 ls740">adjusted </span><span class="pp-class-166 pa t42609 l6178 ls228">for </span><span class="pp-class-166 pa t42609 l5028">any </span><span class="pp-class-166 pa t42609 l44086">unusual </span><span class="pp-class-166 pa t42609 l3556 ls2432">circumstances </span><span class="pp-class-166 pa t42609 l35414">during </span><span class="pp-class-166 pa t42609 l26497">the </span><span class="pp-class-166 pa t42609 l44087">period. </span><span class="pp-class-166 pa t42609 l9959">The </span><span class="pp-class-166 pa t42609 l44088 ls394">valuation </span><span class="pp-class-166 pa t42609 l44089">of </span><span class="pp-class-166 pa t42609 l44090">the </span><span class="pp-class-166 pa t41744 l3 ls497">share </span><span class="pp-class-166 pa t41744 l22334">options </span><span class="pp-class-166 pa t41744 l35115 ls1502">granted </span><span class="pp-class-166 pa t41744 l44091">in </span><span class="pp-class-166 pa t41744 l6214">2025 </span><span class="pp-class-166 pa t41744 l44092">and </span><span class="pp-class-166 pa t41744 l10216 ls1740">2024 </span><span class="pp-class-166 pa t41744 l20239 ls2540">is </span><span class="pp-class-166 pa t41744 l44093 ls2061">based </span><span class="pp-class-166 pa t41744 l44094 ls2540">on </span><span class="pp-class-166 pa t41744 l44095 ls1528">the </span><span class="pp-class-166 pa t41744 l44096 ls6804">following </span><span class="pp-class-166 pa t41744 l9922 ls75">assumptions:</span></p></div></div><div class="pp-class-4" id="pp-id-4500" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44097 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l3 ls228">Assumptions</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l44098 ls1866">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t34823 l44099 ls1866">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34823 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l3 ls1444">Exercise </span><span class="pp-class-166 pa t34827 l41296 ls189">price </span><span class="pp-class-166 pa t34827 l44100">(DKK)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44101">1,376.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44102">1,521.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t34827 l44103">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l3 ls1418">Volatility</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l44104">20.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l42474">20.0%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35090 l40662">20.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l3 ls851">Risk-free </span><span class="pp-class-166 pa t35092 l31213 ls135">interest </span><span class="pp-class-166 pa t35092 l12459 ls2305">rate</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l44105">2.4%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l42472">2.3%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35092 l40653">3.0%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l3 ls951">Expected </span><span class="pp-class-166 pa t35098 l42454">dividends</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l44105">0.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l42472">0.8%</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35098 l40653">0.8%</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l3 ls951">Expected </span><span class="pp-class-166 pa t35099 l42454 ls851">remaining </span><span class="pp-class-166 pa t35099 l25770 ls267">life </span><span class="pp-class-166 pa t35099 l5940 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28174">3.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28175">3.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35099 l28176">3.5</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4501" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44106 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls7002">Current </span><span class="pp-class-170 pa t28110 l39251 ls1663">share </span><span class="pp-class-170 pa t28110 l44107 ls1858">option </span><span class="pp-class-170 pa t28110 l44108 ls1858">schemes</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">Scheme</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44109">Options </span><span class="pp-class-166 pa t37784 l44110 ls2870">granted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44111 ls1444">Exercise </span><span class="pp-class-166 pa t37784 l44112">period</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44113 ls1444">Exercise </span><span class="pp-class-166 pa t28110 l44114 ls189">price </span><span class="pp-class-166 pa t37784 l44115">(DKK)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44116">Number </span><span class="pp-class-166 pa t28110 l44117">of </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44118">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44119 ls3342">Fair </span><span class="pp-class-166 pa t28110 l44120 ls101">value </span><span class="pp-class-166 pa t28110 l44121">at </span><span class="pp-class-166 pa t28110 l44122 ls1122">date </span><span class="pp-class-166 pa t28110 l44123">of </span><span class="pp-class-166 pa t37784 l44124 ls740">granting </span><span class="pp-class-166 pa t37784 l41395">(DKKm)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">2021</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44125">2,438,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l4009">01.04.2024 </span><span class="pp-class-166 pa t33226 l44126">- </span><span class="pp-class-166 pa t33226 l44127">31.03.2026</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44128">1,325.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l42834">2,202</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44129">205.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">2022</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44125">2,640,900</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l4009">01.04.2025 </span><span class="pp-class-166 pa t40837 l44126">- </span><span class="pp-class-166 pa t40837 l44127">31.03.2027</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44128">1,485.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l42834">2,524</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44129">279.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44125">2,664,000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l4009">01.04.2026 </span><span class="pp-class-166 pa t40841 l44126">- </span><span class="pp-class-166 pa t40841 l44127">31.03.2028</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44128">1,485.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l42834">2,516</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44129">368.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44125">2,017,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l4009">01.04.2027 </span><span class="pp-class-166 pa t40842 l44126">- </span><span class="pp-class-166 pa t40842 l44127">31.03.2029</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44128">1,106.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l42834">2,196</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44129">366.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44125">1,782,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l4009">01.04.2028 </span><span class="pp-class-166 pa t40847 l44126">- </span><span class="pp-class-166 pa t40847 l44127">31.03.2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44128">1,376.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l42834">2,235</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44129">381.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44130">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l4009">01.04.2028 </span><span class="pp-class-166 pa t37425 l44126">- </span><span class="pp-class-166 pa t37425 l44127">31.03.2030</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44128">1,521.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l42850">92</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l28940">28.2</span></p></td></tr></table></div></div><div class="pp-class-4" id="pp-id-4502" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44131 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t28110 l3 ls1663">Share </span><span class="pp-class-170 pa t28110 l4161 ls1858">option </span><span class="pp-class-170 pa t28110 l44132 ls2660">schemes </span><span class="pp-class-170 pa t28110 l44133 ls1866">at </span><span class="pp-class-170 pa t28110 l44134 ls1866">31 </span><span class="pp-class-170 pa t28110 l44135 ls1860">December </span><span class="pp-class-170 pa t28110 l44136 ls1853">2025</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l3">Scheme</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44137 ls93">Executive </span><span class="pp-class-166 pa t37784 l44138 ls267">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44139 ls1430">Key </span><span class="pp-class-166 pa t37784 l44140">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44141 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44142 ls2834">Average </span><span class="pp-class-166 pa t28110 l44143 ls3267">exercise </span><span class="pp-class-166 pa t28110 l44144 ls189">price </span><span class="pp-class-166 pa t37784 l44145">per </span><span class="pp-class-166 pa t37784 l44146">option </span><span class="pp-class-166 pa t37784 l44147">(DKK)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l3">2021</span><span class="pp-class-174 pa t44148 l28657">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44149">66,000</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44150">883,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44151">949,243</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t33226 l44152">1,325.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l3">2022</span><span class="pp-class-174 pa t44153 l28657">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44154">125,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44155">1,983,050</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44156">2,108,550</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40837 l44152">1,485.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l3">2023</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44154">129,300</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44155">2,376,550</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44156">2,505,850</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40841 l44152">1,485.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l3">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44154">116,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44155">1,828,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44156">1,945,695</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40842 l44152">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l3">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44154">134,330</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44155">1,631,380</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44156">1,765,710</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40847 l44152">1,376.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l3">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44157">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44150">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44151">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37425 l44152">1,521.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t37427 l44158 ls1866">at </span><span class="pp-class-170 pa t37427 l44159 ls1866">31 </span><span class="pp-class-170 pa t37427 l44160 ls1860">December </span><span class="pp-class-170 pa t37427 l43287 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44161">572,075</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44162">8,827,958</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44163">9,400,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37427 l44164">1,370.4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l3">Open </span><span class="pp-class-166 pa t11315 l44165 ls228">for </span><span class="pp-class-166 pa t11315 l44166 ls3267">exercise </span><span class="pp-class-166 pa t11315 l11308">at </span><span class="pp-class-166 pa t11315 l44167">31 </span><span class="pp-class-166 pa t11315 l44168 ls234">December </span><span class="pp-class-166 pa t11315 l44169">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44154">191,500</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44155">2,866,293</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44156">3,057,793</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t11315 l44152">1,435.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l3 ls267">Life </span><span class="pp-class-166 pa t44170 l44171 ls239">(years)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44172">2.5</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44173">2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44174">2.4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44170 l44175">n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l3 ls3342">Fair </span><span class="pp-class-166 pa t44176 l34964 ls101">value </span><span class="pp-class-166 pa t44176 l34965">(DKKm)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44177">179.3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44128">2,694.7</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44178">2,874.0</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44176 l44175">n.a.</span></p></td></tr></table></div></div><div id="pp-id-4503" xmlns="http://www.w3.org/1999/xhtml"><div class="w44179 h44180 pa t2 l3 wtro4 xx2758 tro6 xx2759"><p class="pp-class-164 pp-area-text"><span class="pp-class-175 pa t4254 l3">1</span><span class="pp-class-173 pa t2760 l7664"/><span class="pp-class-173 pa t2760 l4255 ls856">Share </span><span class="pp-class-173 pa t2760 l44181 ls166">options </span><span class="pp-class-173 pa t2760 l44182 ls1129">granted </span><span class="pp-class-173 pa t2760 l44183">in </span><span class="pp-class-173 pa t2760 l44184">2021 </span><span class="pp-class-173 pa t2760 l44185">and </span><span class="pp-class-173 pa t2760 l44186">2022 </span><span class="pp-class-173 pa t2760 l44187 ls52">are </span><span class="pp-class-173 pa t2760 l44188 ls3782">currently </span><span class="pp-class-173 pa t2760 l44189 ls1129">exercisable.</span></p></div></div><div class="pp-class-4" id="pp-id-4504" xmlns="http://www.w3.org/1999/xhtml"><div class="w44190 h251 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.2 </span><span class="pp-class-169 pa t254 l37093 ls257">Share </span><span class="pp-class-169 pa t254 l44011 ls6700">option </span><span class="pp-class-169 pa t254 l44012 ls692">schemes </span><span class="pp-class-169 pa t254 l44191 ls1180">— </span><span class="pp-class-169 pa t254 l44192 ls37362">continued</span></p></div></div><div class="pp-class-4" id="pp-id-4505" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44193 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls6083">Share </span><span class="pp-class-170 pa t41651 l41198 ls3050">option </span><span class="pp-class-170 pa t41651 l44194 ls3050">schemes</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV </span><span class="pp-class-166 pa t41653 l202">has </span><span class="pp-class-166 pa t41653 l17851">launched </span><span class="pp-class-166 pa t41653 l7275 ls740">share-based </span><span class="pp-class-166 pa t41653 l11041 ls704">incentive </span><span class="pp-class-166 pa t41653 l29982">schemes </span><span class="pp-class-166 pa t41653 l44195">with </span><span class="pp-class-166 pa t41653 l4919">the </span><span class="pp-class-166 pa t41653 l44196">purpose </span><span class="pp-class-166 pa t41653 l44197">of </span><span class="pp-class-166 pa t41653 l42754 ls189">moti-</span><span class="pp-class-166 pa t41661 l3 ls239">vating </span><span class="pp-class-166 pa t41661 l44198">and </span><span class="pp-class-166 pa t41661 l44199 ls497">retaining </span><span class="pp-class-166 pa t41661 l32219 ls1119">key </span><span class="pp-class-166 pa t41661 l2996">employees </span><span class="pp-class-166 pa t41661 l3567 ls702">across </span><span class="pp-class-166 pa t41661 l44200">the </span><span class="pp-class-166 pa t41661 l44201 ls2022">organisation </span><span class="pp-class-166 pa t41661 l44202">and </span><span class="pp-class-166 pa t41661 l44203">aligning </span><span class="pp-class-166 pa t41661 l44204">their </span><span class="pp-class-166 pa t41669 l3 ls921">interests </span><span class="pp-class-166 pa t41669 l14570">with </span><span class="pp-class-166 pa t41669 l44205">those </span><span class="pp-class-166 pa t41669 l14725">of </span><span class="pp-class-166 pa t41669 l6408">our </span><span class="pp-class-166 pa t41669 l22743 ls180">shareholders. </span><span class="pp-class-166 pa t41669 l31992 ls497">Share </span><span class="pp-class-166 pa t41669 l26017">options </span><span class="pp-class-166 pa t41669 l14469 ls228">are </span><span class="pp-class-166 pa t41669 l44206 ls1416">awarded </span><span class="pp-class-166 pa t41669 l44207 ls135">to </span><span class="pp-class-166 pa t41669 l44208 ls1119">key </span><span class="pp-class-166 pa t41677 l3">employees </span><span class="pp-class-166 pa t41677 l19322">and </span><span class="pp-class-166 pa t41677 l5255">members </span><span class="pp-class-166 pa t41677 l44209">of </span><span class="pp-class-166 pa t41677 l44210">the </span><span class="pp-class-166 pa t41677 l44211 ls93">Executive </span><span class="pp-class-166 pa t41677 l44212 ls497">Board.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41680 l3 ls1021">Retention </span><span class="pp-class-166 pa t41680 l44213">is </span><span class="pp-class-166 pa t41680 l26860 ls1122">motivated </span><span class="pp-class-166 pa t41680 l44214">by </span><span class="pp-class-166 pa t41680 l44215 ls851">requiring </span><span class="pp-class-166 pa t41680 l14326 ls1428">continued </span><span class="pp-class-166 pa t41680 l44216 ls1915">service </span><span class="pp-class-166 pa t41680 l29953 ls228">for </span><span class="pp-class-166 pa t41680 l41685">a </span><span class="pp-class-166 pa t41680 l6012">period </span><span class="pp-class-166 pa t41680 l44217 ls1217">covering </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls461">vesting </span><span class="pp-class-166 pa t41687 l14203">period </span><span class="pp-class-166 pa t41687 l6762">as </span><span class="pp-class-166 pa t41687 l39461">a </span><span class="pp-class-166 pa t41687 l44218">minimum. </span><span class="pp-class-166 pa t41687 l3457">The </span><span class="pp-class-166 pa t41687 l14552">schemes </span><span class="pp-class-166 pa t41687 l44219 ls228">are </span><span class="pp-class-166 pa t41687 l44220">also </span><span class="pp-class-166 pa t41687 l44221 ls234">intended </span><span class="pp-class-166 pa t41687 l44222 ls135">to </span><span class="pp-class-166 pa t41687 l44223">align </span><span class="pp-class-166 pa t41687 l39249">the </span><span class="pp-class-166 pa t41695 l3 ls921">interests </span><span class="pp-class-166 pa t41695 l14570">of </span><span class="pp-class-166 pa t41695 l15150">employees </span><span class="pp-class-166 pa t41695 l44224">and </span><span class="pp-class-166 pa t41695 l32863 ls180">shareholders. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41696 l3">All </span><span class="pp-class-166 pa t41696 l2312 ls9321">active </span><span class="pp-class-166 pa t41696 l23114">schemes </span><span class="pp-class-166 pa t41696 l44225 ls1849">entail </span><span class="pp-class-166 pa t41696 l19052">a </span><span class="pp-class-166 pa t41696 l44226 ls2476">three-year </span><span class="pp-class-166 pa t41696 l44227 ls461">vesting </span><span class="pp-class-166 pa t41696 l44228">period </span><span class="pp-class-166 pa t41696 l44229">and </span><span class="pp-class-166 pa t41696 l6936">a </span><span class="pp-class-166 pa t41696 l22443 ls377">two-year </span><span class="pp-class-166 pa t41696 l44230 ls3267">exercise </span><span class="pp-class-166 pa t41704 l3">period. </span><span class="pp-class-166 pa t41704 l44025">In </span><span class="pp-class-166 pa t41704 l27192 ls923">case </span><span class="pp-class-166 pa t41704 l29484">of </span><span class="pp-class-166 pa t41704 l44231">a </span><span class="pp-class-166 pa t41704 l44232">change </span><span class="pp-class-166 pa t41704 l44233">of </span><span class="pp-class-166 pa t41704 l42316 ls265">control, </span><span class="pp-class-166 pa t41704 l44234">all </span><span class="pp-class-166 pa t41704 l13472 ls86">outstanding </span><span class="pp-class-166 pa t41704 l44235 ls497">share </span><span class="pp-class-166 pa t41704 l44051">options </span><span class="pp-class-166 pa t41704 l44236">will </span><span class="pp-class-166 pa t41704 l38476 ls4153">vest. </span><span class="pp-class-166 pa t41711 l3 ls1444">Exercise </span><span class="pp-class-166 pa t41711 l41296 ls740">prices </span><span class="pp-class-166 pa t41711 l44237 ls228">are </span><span class="pp-class-166 pa t41711 l2043 ls234">set </span><span class="pp-class-166 pa t41711 l44238">based </span><span class="pp-class-166 pa t41711 l44239">on </span><span class="pp-class-166 pa t41711 l26833">the </span><span class="pp-class-166 pa t41711 l26834 ls2236">quoted </span><span class="pp-class-166 pa t41711 l44240 ls495">market </span><span class="pp-class-166 pa t41711 l44241 ls740">prices </span><span class="pp-class-166 pa t41711 l44064 ls455">leading </span><span class="pp-class-166 pa t41711 l44242">up </span><span class="pp-class-166 pa t41711 l13729 ls135">to </span><span class="pp-class-166 pa t41711 l43682">the </span><span class="pp-class-166 pa t41717 l3 ls1122">date </span><span class="pp-class-166 pa t41717 l36613">of </span><span class="pp-class-166 pa t41717 l44243 ls1217">granting. </span><span class="pp-class-166 pa t41717 l44244">The </span><span class="pp-class-166 pa t41717 l38000 ls497">share </span><span class="pp-class-166 pa t41717 l44245">options </span><span class="pp-class-166 pa t41717 l2716 ls234">can </span><span class="pp-class-166 pa t41717 l44246">be </span><span class="pp-class-166 pa t41717 l5089 ls1766">exercised </span><span class="pp-class-166 pa t41717 l44247">by </span><span class="pp-class-166 pa t41717 l44248 ls923">cash </span><span class="pp-class-166 pa t41717 l44249 ls66">purchase </span><span class="pp-class-166 pa t41717 l44250">of </span><span class="pp-class-166 pa t41717 l39429 ls564">shares </span><span class="pp-class-166 pa t42587 l3 ls2236">only. </span><span class="pp-class-166 pa t42587 l27906">The </span><span class="pp-class-166 pa t42587 l44251">obligation </span><span class="pp-class-166 pa t42587 l44252 ls66">relating </span><span class="pp-class-166 pa t42587 l44253 ls135">to </span><span class="pp-class-166 pa t42587 l4035">the </span><span class="pp-class-166 pa t42587 l42573">schemes </span><span class="pp-class-166 pa t42587 l34143">is </span><span class="pp-class-166 pa t42587 l44228 ls1617">partly </span><span class="pp-class-166 pa t42587 l16032 ls2081">covered </span><span class="pp-class-166 pa t42587 l15066">by </span><span class="pp-class-166 pa t42587 l23936">the </span><span class="pp-class-166 pa t42587 l44254 ls856">Company’s </span><span class="pp-class-166 pa t41720 l3 ls187">treasury </span><span class="pp-class-166 pa t41720 l44255 ls564">shares.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41734 l3 ls497">Share </span><span class="pp-class-166 pa t41734 l15462">options </span><span class="pp-class-166 pa t41734 l44256 ls228">are </span><span class="pp-class-166 pa t41734 l19265 ls1502">granted </span><span class="pp-class-166 pa t41734 l44257">in </span><span class="pp-class-166 pa t41734 l44258 ls228">accordance </span><span class="pp-class-166 pa t41734 l44259">with </span><span class="pp-class-166 pa t41734 l44260">the </span><span class="pp-class-166 pa t41734 l44261 ls3681">procedures </span><span class="pp-class-166 pa t41734 l44262">outlined </span><span class="pp-class-166 pa t41734 l24323">in </span><span class="pp-class-166 pa t41734 l44263">the </span><span class="pp-class-166 pa t41743 l3 ls1165">Group’s </span><span class="pp-class-166 pa t41743 l5922 ls851">Remuneration </span><span class="pp-class-166 pa t41743 l44264 ls1575">Policy </span><span class="pp-class-166 pa t41743 l44265 ls228">for </span><span class="pp-class-166 pa t41743 l44266">the </span><span class="pp-class-166 pa t41743 l37221 ls143">respective </span><span class="pp-class-166 pa t41743 l16319 ls1536">year. </span><span class="pp-class-166 pa t41743 l28653">In </span><span class="pp-class-166 pa t41743 l19910">2025, </span><span class="pp-class-166 pa t41743 l31724 ls70">two </span><span class="pp-class-166 pa t41743 l22189 ls497">share </span><span class="pp-class-166 pa t41743 l44267">option </span><span class="pp-class-166 pa t42609 l3">schemes </span><span class="pp-class-166 pa t42609 l44268 ls2487">were </span><span class="pp-class-166 pa t42609 l44269 ls1502">granted.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41746 l3">A </span><span class="pp-class-166 pa t41746 l454 ls169">total </span><span class="pp-class-166 pa t41746 l44270">of </span><span class="pp-class-166 pa t41746 l27865">3,184 </span><span class="pp-class-166 pa t41746 l44271">employees </span><span class="pp-class-166 pa t41746 l19379">held </span><span class="pp-class-166 pa t41746 l44272 ls497">share </span><span class="pp-class-166 pa t41746 l12268">options </span><span class="pp-class-166 pa t41746 l44273">at </span><span class="pp-class-166 pa t41746 l44274">31 </span><span class="pp-class-166 pa t41746 l1508 ls234">December </span><span class="pp-class-166 pa t41746 l44275">2025 </span><span class="pp-class-166 pa t41746 l44276">(2024: </span><span class="pp-class-166 pa t41750 l3">3,054 </span><span class="pp-class-166 pa t41750 l8623">employees). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42629 l3 ls3686">Total </span><span class="pp-class-166 pa t42629 l8908 ls1129">costs </span><span class="pp-class-166 pa t42629 l30425 ls564">recognised </span><span class="pp-class-166 pa t42629 l44277">in </span><span class="pp-class-166 pa t42629 l44278">2025 </span><span class="pp-class-166 pa t42629 l44279 ls228">for </span><span class="pp-class-166 pa t42629 l44280 ls457">services </span><span class="pp-class-166 pa t42629 l44281 ls1416">received </span><span class="pp-class-166 pa t42629 l44282">but </span><span class="pp-class-166 pa t42629 l44283 ls1528">not </span><span class="pp-class-166 pa t42629 l21019 ls564">recognised </span><span class="pp-class-166 pa t42629 l44284">as </span><span class="pp-class-166 pa t41758 l3">an </span><span class="pp-class-166 pa t41758 l12559 ls1428">asset </span><span class="pp-class-166 pa t41758 l4185 ls234">amounted </span><span class="pp-class-166 pa t41758 l18746 ls135">to </span><span class="pp-class-166 pa t41758 l7411">DKK </span><span class="pp-class-166 pa t41758 l15398">359 </span><span class="pp-class-166 pa t41758 l41810">million </span><span class="pp-class-166 pa t41758 l44285">(2024: </span><span class="pp-class-166 pa t41758 l3899">DKK </span><span class="pp-class-166 pa t41758 l40627">327 </span><span class="pp-class-166 pa t41758 l20737">million). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41767 l3">The </span><span class="pp-class-166 pa t41767 l1525 ls946">average </span><span class="pp-class-166 pa t41767 l18726 ls497">share </span><span class="pp-class-166 pa t41767 l44286 ls189">price </span><span class="pp-class-166 pa t41767 l29452 ls228">for </span><span class="pp-class-166 pa t41767 l11088">options </span><span class="pp-class-166 pa t41767 l23433 ls1766">exercised </span><span class="pp-class-166 pa t41767 l32015">in </span><span class="pp-class-166 pa t41767 l44287">the </span><span class="pp-class-166 pa t41767 l44288">financial </span><span class="pp-class-166 pa t41767 l30587 ls48">year </span><span class="pp-class-166 pa t41767 l41567 ls1528">was </span><span class="pp-class-166 pa t41767 l44289">DKK </span><span class="pp-class-166 pa t41777 l3">1,475.9 </span><span class="pp-class-166 pa t41777 l44290">per </span><span class="pp-class-166 pa t41777 l33793 ls497">share </span><span class="pp-class-166 pa t41777 l44291">at </span><span class="pp-class-166 pa t41777 l44292">the </span><span class="pp-class-166 pa t41777 l3080 ls1122">date </span><span class="pp-class-166 pa t41777 l4478">of </span><span class="pp-class-166 pa t41777 l44293 ls3267">exercise </span><span class="pp-class-166 pa t41777 l20655">(2024: </span><span class="pp-class-166 pa t41777 l30954">DKK </span><span class="pp-class-166 pa t41777 l44294">1,245.8 </span><span class="pp-class-166 pa t41777 l44295">per </span><span class="pp-class-166 pa t41777 l44296 ls564">share).</span></p></div></div><div id="pp-id-4506" xmlns="http://www.w3.org/1999/xhtml"><div class="w20594 h44297 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t37786 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t37786 l44158 ls1663">share </span><span class="pp-class-170 pa t37786 l44298 ls1858">options</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44299 ls70">Executive</span><span class="pp-class-166 pa t37786 l44300"/><span class="pp-class-166 pa t37786 l44301 ls267">Board</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37784 l44302 ls1430">Key </span><span class="pp-class-166 pa t37786 l44303">employees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37786 l44304 ls13899">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t28110 l44305 ls2834">Average </span><span class="pp-class-166 pa t28110 l44306 ls3267">exercise </span><span class="pp-class-166 pa t37784 l44307 ls189">price </span><span class="pp-class-166 pa t37784 l44308">per </span><span class="pp-class-166 pa t37784 l44309">option </span><span class="pp-class-166 pa t37786 l44147">(DKK)</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l3 ls86">Outstanding </span><span class="pp-class-166 pa t37810 l44310">at </span><span class="pp-class-166 pa t37810 l44311">1 </span><span class="pp-class-166 pa t37810 l15566 ls1915">January </span><span class="pp-class-166 pa t37810 l8813">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44312"/><span class="pp-class-166 pa t37810 l44313">467,745 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44314"/><span class="pp-class-166 pa t37810 l44315">8,966,411 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44316"/><span class="pp-class-166 pa t37810 l44317">9,434,156 </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37810 l44318"/><span class="pp-class-166 pa t37810 l44152">1,323.8 </span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l3 ls1502">Granted </span><span class="pp-class-166 pa t37821 l3944">2025-1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44313">134,330</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44315">1,647,885</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44317">1,782,215</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37821 l44152">1,376.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l3 ls1502">Granted </span><span class="pp-class-166 pa t37823 l3944">2025-2</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44320">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44321">124,985</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37823 l44152">1,521.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l3 ls1444">Exercised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44322">(30,000)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44323">(1,782,460)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44324">(1,812,460)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t37828 l44152">1,147.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l3">Options </span><span class="pp-class-166 pa t8918 l33523 ls3238">waived/expired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44325">(128,863)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44326">(128,863)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t8918 l44152">1,315.9</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t39932 l44158 ls1866">at </span><span class="pp-class-170 pa t39932 l44159 ls1866">31 </span><span class="pp-class-170 pa t39932 l44160 ls1860">December </span><span class="pp-class-170 pa t39932 l43287 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44327 ls1858">572,075</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44328 ls1498">8,827,958</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44329 ls1498">9,400,033</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39932 l44330 ls1858">1,370.4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l3 ls86">Outstanding </span><span class="pp-class-166 pa t39943 l44310">at </span><span class="pp-class-166 pa t39943 l44311">1 </span><span class="pp-class-166 pa t39943 l15566 ls1915">January </span><span class="pp-class-166 pa t39943 l8813">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44313">565,750</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44315">9,351,375</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44317">9,917,125</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39943 l44152">1,219.1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l3 ls2269">Transferred</span><span class="pp-class-174 pa t44331 l29129">1</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44332">(190,950)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44320">190,950</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44333">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39340 l44175">n.a.</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l3 ls2870">Granted</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44313">116,945</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44315">1,900,220</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44317">2,017,165</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39344 l44152">1,106.0</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l3 ls1444">Exercised</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44322">(24,000)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44323">(2,237,172)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44324">(2,261,172)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39348 l44129">664.2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l3">Options </span><span class="pp-class-166 pa t39350 l33523 ls3238">waived/expired</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44319">-</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44325">(238,962)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44326">(238,962)</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t39350 l44152">1,380.3</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l3 ls2275">Outstanding </span><span class="pp-class-170 pa t39357 l44158 ls1866">at </span><span class="pp-class-170 pa t39357 l44159 ls1866">31 </span><span class="pp-class-170 pa t39357 l44160 ls1860">December </span><span class="pp-class-170 pa t39357 l43287 ls1853">2024</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44327 ls1858">467,745</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44328 ls1498">8,966,411</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44329 ls1498">9,434,156</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t39357 l44330 ls1858">1,323.8</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-175 pa t44334 l3">1</span><span class="pp-class-173 pa t44335 l7664"/><span class="pp-class-173 pa t44335 l4255 ls15770">Brian </span><span class="pp-class-173 pa t44335 l44336 ls166">Ejsing </span><span class="pp-class-173 pa t44335 l44337">has </span><span class="pp-class-173 pa t44335 l44338 ls704">previously </span><span class="pp-class-173 pa t44335 l44339 ls1444">received </span><span class="pp-class-173 pa t44335 l44340 ls856">share </span><span class="pp-class-173 pa t44335 l44341 ls166">options </span><span class="pp-class-173 pa t44335 l44342">in </span><span class="pp-class-173 pa t44335 l44343">the </span><span class="pp-class-173 pa t44335 l44344 ls180">Director’s </span><span class="pp-class-173 pa t44335 l44345 ls2540">former </span><span class="pp-class-173 pa t44335 l44346 ls63">capacity </span><span class="pp-class-173 pa t44335 l44347">as </span><span class="pp-class-173 pa t44335 l44348 ls154">key </span><span class="pp-class-173 pa t44335 l44349 ls166">employee. </span><span class="pp-class-173 pa t44335 l44350">These </span><span class="pp-class-173 pa t44335 l44351 ls239">have </span><span class="pp-class-173 pa t44335 l44352 ls166">been </span><span class="pp-class-173 pa t44335 l44353 ls52">transferred </span><span class="pp-class-173 pa t44335 l44354 ls3490">from </span><span class="pp-class-173 pa t44335 l44355 ls154">key </span><span class="pp-class-173 pa t44335 l44356 ls166">employees </span><span class="pp-class-173 pa t44335 l44357 ls614">to </span><span class="pp-class-173 pa t44335 l44358 ls556">Executive </span><span class="pp-class-173 pa t44335 l44359 ls2540">Board. </span><span class="pp-class-173 pa t44335 l44360 ls166">Due </span><span class="pp-class-173 pa t44335 l44361 ls614">to </span><span class="pp-class-173 pa t44335 l44362">the </span><span class="pp-class-173 pa t44335 l44363">CEO </span><span class="pp-class-173 pa t44335 l44364 ls166">change </span><span class="pp-class-173 pa t44335 l44365">that </span><span class="pp-class-173 pa t44335 l44366 ls826">took </span><span class="pp-class-173 pa t44335 l44367 ls2221">effect </span><span class="pp-class-173 pa t44335 l44368 ls166">in </span><span class="pp-class-173 pa t44369 l4255">2024, </span><span class="pp-class-173 pa t44369 l44370 ls856">share </span><span class="pp-class-173 pa t44369 l44371">options </span><span class="pp-class-173 pa t44369 l44372 ls1129">granted </span><span class="pp-class-173 pa t44369 l44373 ls614">to </span><span class="pp-class-173 pa t44369 l44374">Jens </span><span class="pp-class-173 pa t44369 l44375">Bjørn </span><span class="pp-class-173 pa t44369 l44376">Andersen </span><span class="pp-class-173 pa t44369 l44377 ls239">have </span><span class="pp-class-173 pa t44369 l44378">been </span><span class="pp-class-173 pa t44369 l44379 ls52">transferred </span><span class="pp-class-173 pa t44369 l44380 ls3490">from </span><span class="pp-class-173 pa t44369 l44381 ls556">Executive </span><span class="pp-class-173 pa t44369 l44382 ls856">Board </span><span class="pp-class-173 pa t44369 l44383 ls614">to </span><span class="pp-class-173 pa t44369 l44384 ls154">key </span><span class="pp-class-173 pa t44369 l44385">employees.</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/></tr></table></div></div><div class="pp-class-4" id="pp-id-4507" xmlns="http://www.w3.org/1999/xhtml"><div class="w27050 h2916 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.3 </span><span class="pp-class-169 pa t254 l37093 ls42043">Remuneration </span><span class="pp-class-169 pa t254 l44386 ls3118">of </span><span class="pp-class-169 pa t254 l44387 ls6611">the </span><span class="pp-class-169 pa t254 l44388 ls21824">Executive </span><span class="pp-class-169 pa t39368 l37093 ls44389">Board </span><span class="pp-class-169 pa t39368 l44390 ls35162">and </span><span class="pp-class-169 pa t39368 l44391 ls35162">the </span><span class="pp-class-169 pa t39368 l44392 ls44389">Board </span><span class="pp-class-169 pa t39368 l44393 ls15736">of </span><span class="pp-class-169 pa t39368 l44394 ls44395">Directors</span></p></div></div><div class="pp-class-4" id="pp-id-4509" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44396 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44397 l3 ls6083">Executive </span><span class="pp-class-170 pa t44397 l1022 ls3325">Board</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44398 l3">The </span><span class="pp-class-166 pa t44398 l1525">members </span><span class="pp-class-166 pa t44398 l44399">of </span><span class="pp-class-166 pa t44398 l26073">the </span><span class="pp-class-166 pa t44398 l11869 ls93">Executive </span><span class="pp-class-166 pa t44398 l29271 ls497">Board </span><span class="pp-class-166 pa t44398 l44400 ls228">are </span><span class="pp-class-166 pa t44398 l44401 ls4267">subject </span><span class="pp-class-166 pa t44398 l39246 ls135">to </span><span class="pp-class-166 pa t44398 l43745">a </span><span class="pp-class-166 pa t44398 l44402 ls2236">notice </span><span class="pp-class-166 pa t44398 l23164">period </span><span class="pp-class-166 pa t44398 l44403">of </span><span class="pp-class-166 pa t44398 l44404">up </span><span class="pp-class-166 pa t44398 l42430 ls135">to </span><span class="pp-class-166 pa t44398 l44405">24 </span><span class="pp-class-166 pa t44406 l3">months. </span><span class="pp-class-166 pa t44406 l1565 ls851">Remuneration </span><span class="pp-class-166 pa t44406 l15473">of </span><span class="pp-class-166 pa t44406 l15474">the </span><span class="pp-class-166 pa t44406 l44407">members </span><span class="pp-class-166 pa t44406 l44408">of </span><span class="pp-class-166 pa t44406 l44409">the </span><span class="pp-class-166 pa t44406 l32182 ls93">Executive </span><span class="pp-class-166 pa t44406 l44410 ls497">Board </span><span class="pp-class-166 pa t44406 l44411">and </span><span class="pp-class-166 pa t44406 l15387">the </span><span class="pp-class-166 pa t44406 l44412 ls497">Board </span><span class="pp-class-166 pa t44413 l3">of </span><span class="pp-class-166 pa t44413 l2457 ls826">Directors </span><span class="pp-class-166 pa t44413 l978 ls234">complies </span><span class="pp-class-166 pa t44413 l34367">with </span><span class="pp-class-166 pa t44413 l44414">the </span><span class="pp-class-166 pa t44413 l44415">principles </span><span class="pp-class-166 pa t44413 l44416">of </span><span class="pp-class-166 pa t44413 l14155">the </span><span class="pp-class-166 pa t44413 l39784 ls856">Company’s </span><span class="pp-class-166 pa t44413 l44417 ls851">Remuneration </span><span class="pp-class-166 pa t44413 l44418 ls1575">Policy </span><span class="pp-class-166 pa t44419 l3">and </span><span class="pp-class-166 pa t44419 l1192">is </span><span class="pp-class-166 pa t44419 l44420">described </span><span class="pp-class-166 pa t44419 l44421 ls2103">further </span><span class="pp-class-166 pa t44419 l44422">in </span><span class="pp-class-166 pa t44419 l276 ls189">detail </span><span class="pp-class-166 pa t44419 l11049">in </span><span class="pp-class-166 pa t44419 l44423">the </span><span class="pp-class-166 pa t44419 l28371">DSV </span><span class="pp-class-166 pa t44419 l1229 ls851">Remuneration </span><span class="pp-class-166 pa t44419 l1718 ls226">Report </span><span class="pp-class-166 pa t44419 l44424">2025.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44425 l3">The </span><span class="pp-class-166 pa t44425 l1525 ls702">aggregate </span><span class="pp-class-166 pa t44425 l44426 ls1418">remuneration </span><span class="pp-class-166 pa t44425 l44427 ls228">for </span><span class="pp-class-166 pa t44425 l44428">the </span><span class="pp-class-166 pa t44425 l44429">members </span><span class="pp-class-166 pa t44425 l34552">of </span><span class="pp-class-166 pa t44425 l44430">the </span><span class="pp-class-166 pa t44425 l14696 ls93">Executive </span><span class="pp-class-166 pa t44425 l44431 ls497">Board </span><span class="pp-class-166 pa t44425 l44432 ls228">for </span><span class="pp-class-166 pa t44425 l44433">2025 </span><span class="pp-class-166 pa t44434 l3 ls1528">was </span><span class="pp-class-166 pa t44434 l2620">DKK </span><span class="pp-class-166 pa t44434 l38415">75.4 </span><span class="pp-class-166 pa t44434 l44435">million </span><span class="pp-class-166 pa t44434 l31227">(2024: </span><span class="pp-class-166 pa t44434 l4432">DKK </span><span class="pp-class-166 pa t44434 l44436">55.0 </span><span class="pp-class-166 pa t44434 l44437">million). </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44438 l3 ls6083">Board </span><span class="pp-class-170 pa t44438 l44439 ls13149">of </span><span class="pp-class-170 pa t44438 l37782 ls7701">Directors</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44440 l3">The </span><span class="pp-class-166 pa t44440 l1525 ls702">aggregate </span><span class="pp-class-166 pa t44440 l44426 ls1418">remuneration </span><span class="pp-class-166 pa t44440 l44427 ls135">to </span><span class="pp-class-166 pa t44440 l44441">the </span><span class="pp-class-166 pa t44440 l44442 ls497">Board </span><span class="pp-class-166 pa t44440 l44443">of </span><span class="pp-class-166 pa t44440 l44444 ls826">Directors </span><span class="pp-class-166 pa t44440 l44445">of </span><span class="pp-class-166 pa t44440 l33498">DSV </span><span class="pp-class-166 pa t44440 l28781 ls15430">A/S </span><span class="pp-class-166 pa t44440 l44446 ls228">for </span><span class="pp-class-166 pa t44440 l44447">2025 </span><span class="pp-class-166 pa t44448 l3 ls1528">was </span><span class="pp-class-166 pa t44448 l2620">DKK </span><span class="pp-class-166 pa t44448 l38415">11.1 </span><span class="pp-class-166 pa t44448 l44435">million </span><span class="pp-class-166 pa t44448 l31227">(2024: </span><span class="pp-class-166 pa t44448 l4432">DKK </span><span class="pp-class-166 pa t44448 l44436">9.0 </span><span class="pp-class-166 pa t44448 l44449">million).</span></p><div class="pp-class-4" id="pp-id-4508"><div class="w1459 h44450 pa t2 l3 wtro4 xx199 tro6 xx200"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44451 l3 ls4703">Executive </span><span class="pp-class-170 pa t44451 l44452 ls1663">Board </span><span class="pp-class-170 pa t44451 l44453 ls12413">remuneration </span><span class="pp-class-166 pa t44451 l44454"/></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44455 l3">(DKKm)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44455 l28116">2024</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44455 l41446 ls1853">2025</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44456 l3 ls189">Fixed </span><span class="pp-class-166 pa t44456 l44457 ls125">salary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44456 l28145">36.7</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44456 l28146">34.4</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44458 l3 ls564">Pension</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44458 l28175">2.3</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44458 l28176">2.1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44459 l3 ls1430">Performance </span><span class="pp-class-166 pa t44459 l44460">bonus</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44459 l44461 ls1866">7.2</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44459 l11173">-</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44462 l3 ls1428">Discretionary </span><span class="pp-class-166 pa t44462 l44463">bonus</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44462 l28175">6.1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44462 l11173">-</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44464 l3 ls740">Share-based </span><span class="pp-class-166 pa t44464 l35035">payment</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44464 l28145">23.1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44464 l44465 ls1853">18.5</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44466 l3 ls15293">Total </span><span class="pp-class-170 pa t44466 l34893 ls2273">aggregate </span><span class="pp-class-170 pa t44466 l44467 ls4162">remuneration</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44466 l44468 ls1853">75.4</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44466 l44469 ls1853">55.0</span></p></div></div></div></div></div> <div class="pp-class-4" id="pp-id-4499" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44013 pa t2 l3 wtro4 xx41649 tro6 xx41650"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t41651 l3 ls5287">Accounting </span><span class="pp-class-170 pa t41651 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41653 l3">DSV's </span><span class="pp-class-166 pa t41653 l20293 ls497">share </span><span class="pp-class-166 pa t41653 l30085">option </span><span class="pp-class-166 pa t41653 l44014">schemes </span><span class="pp-class-166 pa t41653 l44015 ls228">are </span><span class="pp-class-166 pa t41653 l26094 ls1595">equity-settled, </span><span class="pp-class-166 pa t41653 l44016 ls1528">measured </span><span class="pp-class-166 pa t41653 l44017">at </span><span class="pp-class-166 pa t41653 l30491">the </span><span class="pp-class-166 pa t41653 l44018 ls1129">grant </span><span class="pp-class-166 pa t41653 l30261 ls1122">date </span><span class="pp-class-166 pa t41661 l3">and </span><span class="pp-class-166 pa t41661 l1192 ls564">recognised </span><span class="pp-class-166 pa t41661 l41966">in </span><span class="pp-class-166 pa t41661 l43261">the </span><span class="pp-class-166 pa t41661 l44019 ls1122">statement </span><span class="pp-class-166 pa t41661 l44020">of </span><span class="pp-class-166 pa t41661 l28312 ls564">profit </span><span class="pp-class-166 pa t41661 l44021">or </span><span class="pp-class-166 pa t41661 l44022 ls48">loss </span><span class="pp-class-166 pa t41661 l26957">as </span><span class="pp-class-166 pa t41661 l27152 ls1575">staff </span><span class="pp-class-166 pa t41661 l20290 ls1129">costs </span><span class="pp-class-166 pa t41661 l8906 ls48">over </span><span class="pp-class-166 pa t41661 l44023">the </span><span class="pp-class-166 pa t41661 l44024 ls461">vesting </span><span class="pp-class-166 pa t41669 l3">period. </span><span class="pp-class-166 pa t41669 l44025">The </span><span class="pp-class-166 pa t41669 l44026 ls158">offsetting </span><span class="pp-class-166 pa t41669 l14494 ls1122">item </span><span class="pp-class-166 pa t41669 l4618">is </span><span class="pp-class-166 pa t41669 l26871 ls564">recognised </span><span class="pp-class-166 pa t41669 l44027 ls461">directly </span><span class="pp-class-166 pa t41669 l21594">in </span><span class="pp-class-166 pa t41669 l6835 ls4053">equity.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42544 l3">The </span><span class="pp-class-166 pa t42544 l1525 ls101">value </span><span class="pp-class-166 pa t42544 l34625">of </span><span class="pp-class-166 pa t42544 l44028">employee </span><span class="pp-class-166 pa t42544 l6408 ls457">services </span><span class="pp-class-166 pa t42544 l44029 ls1416">received </span><span class="pp-class-166 pa t42544 l33134">during </span><span class="pp-class-166 pa t42544 l33108">the </span><span class="pp-class-166 pa t42544 l22449 ls461">vesting </span><span class="pp-class-166 pa t42544 l29408">period </span><span class="pp-class-166 pa t42544 l44030">in </span><span class="pp-class-166 pa t42544 l21720 ls851">exchange </span><span class="pp-class-166 pa t41680 l3 ls228">for </span><span class="pp-class-166 pa t41680 l2086 ls497">share </span><span class="pp-class-166 pa t41680 l27693">options </span><span class="pp-class-166 pa t41680 l44031 ls1502">granted </span><span class="pp-class-166 pa t41680 l33048 ls4405">corresponds </span><span class="pp-class-166 pa t41680 l44032 ls135">to </span><span class="pp-class-166 pa t41680 l33646">the </span><span class="pp-class-166 pa t41680 l44033 ls2307">fair </span><span class="pp-class-166 pa t41680 l15359 ls101">value </span><span class="pp-class-166 pa t41680 l44034">of </span><span class="pp-class-166 pa t41680 l44035">the </span><span class="pp-class-166 pa t41680 l44036 ls497">share </span><span class="pp-class-166 pa t41680 l44037">options </span><span class="pp-class-166 pa t41680 l44038">at </span><span class="pp-class-166 pa t41687 l3">the </span><span class="pp-class-166 pa t41687 l1913 ls1122">date </span><span class="pp-class-166 pa t41687 l1734">of </span><span class="pp-class-166 pa t41687 l9104 ls1217">granting. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42559 l3 ls1853">The </span><span class="pp-class-166 pa t42559 l1942 ls1186">fair </span><span class="pp-class-166 pa t42559 l15479 ls1536">value </span><span class="pp-class-166 pa t42559 l44039 ls1866">of </span><span class="pp-class-166 pa t42559 l31775 ls1853">the </span><span class="pp-class-166 pa t42559 l44040 ls2660">options </span><span class="pp-class-166 pa t42559 l2225 ls7353">granted </span><span class="pp-class-166 pa t42559 l44041 ls1866">is </span><span class="pp-class-166 pa t42559 l30802 ls191">determined </span><span class="pp-class-166 pa t42559 l26400 ls2688">based </span><span class="pp-class-166 pa t42559 l26837 ls1866">on </span><span class="pp-class-166 pa t42559 l21078 ls1853">the </span><span class="pp-class-166 pa t42559 l44042 ls2688">Black </span><span class="pp-class-166 pa t42559 l44043 ls2307">&amp; </span><span class="pp-class-166 pa t42559 l44044 ls1853">Scholes </span><span class="pp-class-166 pa t41696 l3 ls394">valuation </span><span class="pp-class-166 pa t41696 l41233">model. </span><span class="pp-class-166 pa t41696 l44045">The </span><span class="pp-class-166 pa t41696 l44046 ls205">assumptions </span><span class="pp-class-166 pa t41696 l9916">used </span><span class="pp-class-166 pa t41696 l19303">in </span><span class="pp-class-166 pa t41696 l5762">the </span><span class="pp-class-166 pa t41696 l2899 ls394">valuation </span><span class="pp-class-166 pa t41696 l44047 ls497">takes </span><span class="pp-class-166 pa t41696 l44048 ls1122">into </span><span class="pp-class-166 pa t41696 l44049 ls614">account </span><span class="pp-class-166 pa t41696 l27164">the </span><span class="pp-class-166 pa t41704 l3 ls189">terms </span><span class="pp-class-166 pa t41704 l26657">and </span><span class="pp-class-166 pa t41704 l13479 ls923">conditions </span><span class="pp-class-166 pa t41704 l44050 ls1026">applicable </span><span class="pp-class-166 pa t41704 l19005 ls135">to </span><span class="pp-class-166 pa t41704 l42573">the </span><span class="pp-class-166 pa t41704 l21610">options </span><span class="pp-class-166 pa t41704 l6874 ls1502">granted </span><span class="pp-class-166 pa t41704 l36717">and </span><span class="pp-class-166 pa t41704 l44051 ls1528">Management’s </span><span class="pp-class-166 pa t41711 l3 ls239">expectations </span><span class="pp-class-166 pa t41711 l44052">of </span><span class="pp-class-166 pa t41711 l43674">the </span><span class="pp-class-166 pa t41711 l44053 ls455">various </span><span class="pp-class-166 pa t41711 l15499 ls564">parameters </span><span class="pp-class-166 pa t41711 l20100">on </span><span class="pp-class-166 pa t41711 l44054">which </span><span class="pp-class-166 pa t41711 l44055">the </span><span class="pp-class-166 pa t41711 l44056 ls394">valuation </span><span class="pp-class-166 pa t41711 l44057">model </span><span class="pp-class-166 pa t41711 l44058">is </span><span class="pp-class-166 pa t41711 l44059">based.</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t42587 l3 ls2690">Upon </span><span class="pp-class-166 pa t42587 l39659 ls2660">initial </span><span class="pp-class-166 pa t42587 l28649 ls1186">recognition, </span><span class="pp-class-166 pa t42587 l39660 ls1866">an </span><span class="pp-class-166 pa t42587 l44060 ls191">estimate </span><span class="pp-class-166 pa t42587 l6297 ls1866">is </span><span class="pp-class-166 pa t42587 l44061 ls2690">made </span><span class="pp-class-166 pa t42587 l19012 ls1866">of </span><span class="pp-class-166 pa t42587 l44062 ls1853">the </span><span class="pp-class-166 pa t42587 l44063 ls1858">number </span><span class="pp-class-166 pa t42587 l44064 ls1866">of </span><span class="pp-class-166 pa t42587 l22140 ls2247">share </span><span class="pp-class-166 pa t42587 l44065 ls2660">options </span><span class="pp-class-166 pa t42587 l44066 ls135">that </span><span class="pp-class-166 pa t41720 l3">the </span><span class="pp-class-166 pa t41720 l1913">employees </span><span class="pp-class-166 pa t41720 l24454 ls228">are </span><span class="pp-class-166 pa t41720 l27527 ls70">expected </span><span class="pp-class-166 pa t41720 l44067 ls135">to </span><span class="pp-class-166 pa t41720 l11009 ls101">earn. </span><span class="pp-class-166 pa t41720 l44068">The </span><span class="pp-class-166 pa t41720 l44069 ls1217">estimated </span><span class="pp-class-166 pa t41720 l36736">number </span><span class="pp-class-166 pa t41720 l44070">of </span><span class="pp-class-166 pa t41720 l44071 ls497">share </span><span class="pp-class-166 pa t41720 l44072">options </span><span class="pp-class-166 pa t41720 l44073">is </span><span class="pp-class-166 pa t41727 l3">subsequently </span><span class="pp-class-166 pa t41727 l2316 ls740">adjusted </span><span class="pp-class-166 pa t41727 l2374 ls135">to </span><span class="pp-class-166 pa t41727 l44074 ls93">reflect </span><span class="pp-class-166 pa t41727 l6873">the </span><span class="pp-class-166 pa t41727 l8764 ls1636">actual </span><span class="pp-class-166 pa t41727 l12481">number </span><span class="pp-class-166 pa t41727 l44075">of </span><span class="pp-class-166 pa t41727 l6984 ls497">share </span><span class="pp-class-166 pa t41727 l44076">options </span><span class="pp-class-166 pa t41727 l44077 ls455">earned. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t41743 l3 ls1853">The </span><span class="pp-class-166 pa t41743 l1942 ls2325">estimated </span><span class="pp-class-166 pa t41743 l44078 ls2836">volatility </span><span class="pp-class-166 pa t41743 l28660 ls1866">is </span><span class="pp-class-166 pa t41743 l41821 ls2688">based </span><span class="pp-class-166 pa t41743 l44079 ls1866">on </span><span class="pp-class-166 pa t41743 l44080 ls2295">historical </span><span class="pp-class-166 pa t41743 l44081 ls2483">data </span><span class="pp-class-166 pa t41743 l44082 ls83">over </span><span class="pp-class-166 pa t41743 l44083 ls1853">the </span><span class="pp-class-166 pa t41743 l44084 ls2298">preceding </span><span class="pp-class-166 pa t41743 l10601 ls497">three </span><span class="pp-class-166 pa t41743 l44085 ls101">years </span><span class="pp-class-166 pa t42609 l3 ls740">adjusted </span><span class="pp-class-166 pa t42609 l6178 ls228">for </span><span class="pp-class-166 pa t42609 l5028">any </span><span class="pp-class-166 pa t42609 l44086">unusual </span><span class="pp-class-166 pa t42609 l3556 ls2432">circumstances </span><span class="pp-class-166 pa t42609 l35414">during </span><span class="pp-class-166 pa t42609 l26497">the </span><span class="pp-class-166 pa t42609 l44087">period. </span><span class="pp-class-166 pa t42609 l9959">The </span><span class="pp-class-166 pa t42609 l44088 ls394">valuation </span><span class="pp-class-166 pa t42609 l44089">of </span><span class="pp-class-166 pa t42609 l44090">the </span><span class="pp-class-166 pa t41744 l3 ls497">share </span><span class="pp-class-166 pa t41744 l22334">options </span><span class="pp-class-166 pa t41744 l35115 ls1502">granted </span><span class="pp-class-166 pa t41744 l44091">in </span><span class="pp-class-166 pa t41744 l6214">2025 </span><span class="pp-class-166 pa t41744 l44092">and </span><span class="pp-class-166 pa t41744 l10216 ls1740">2024 </span><span class="pp-class-166 pa t41744 l20239 ls2540">is </span><span class="pp-class-166 pa t41744 l44093 ls2061">based </span><span class="pp-class-166 pa t41744 l44094 ls2540">on </span><span class="pp-class-166 pa t41744 l44095 ls1528">the </span><span class="pp-class-166 pa t41744 l44096 ls6804">following </span><span class="pp-class-166 pa t41744 l9922 ls75">assumptions:</span></p></div></div> <div class="pp-class-4" id="pp-id-4510" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h2916 pa t2 l3 wtro4 xx252 tro6 xx253"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t254 l3 ls6611">6.4 </span><span class="pp-class-169 pa t254 l37093 ls44470">Fees </span><span class="pp-class-169 pa t254 l44471 ls19185">to </span><span class="pp-class-169 pa t254 l44472 ls31865">auditors </span><span class="pp-class-169 pa t254 l44473 ls23502">appointed </span><span class="pp-class-169 pa t254 l44474 ls3118">at </span><span class="pp-class-169 pa t254 l44475 ls1180">the </span><span class="pp-class-169 pa t39368 l37093 ls6700">Annual </span><span class="pp-class-169 pa t39368 l44476 ls30770">General </span><span class="pp-class-169 pa t39368 l44477 ls6700">Meeting</span></p></div></div><div class="pp-class-4" id="pp-id-4511" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44478 pa t2 l3 wtro4 xx199 tro6 xx200"><table><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40391 l3 ls2786">Audit </span><span class="pp-class-170 pa t40391 l44479 ls7025">fees </span><span class="pp-class-170 pa t40391 l44480 ls1853">and </span><span class="pp-class-170 pa t40391 l44481 ls921">services</span><span class="pp-class-166 pa t40391 l44482"/><span class="pp-class-166 pa t40395 l3">(DKKm) </span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40395 l28116">2024</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t40395 l41446 ls1853">2025</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"/></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l3 ls189">Statutory </span><span class="pp-class-166 pa t40396 l3339">audit </span><span class="pp-class-166 pa t40396 l44483 ls228">fees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l28209">73</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t40396 l28210">50</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l3">Other </span><span class="pp-class-166 pa t38290 l4385 ls1021">assurance </span><span class="pp-class-166 pa t38290 l44484 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l32744">6</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t38290 l28532">5</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l3 ls34869">Tax </span><span class="pp-class-166 pa t35184 l34870">and </span><span class="pp-class-166 pa t35184 l26147 ls37659">VAT </span><span class="pp-class-166 pa t35184 l21999 ls457">advisory </span><span class="pp-class-166 pa t35184 l44485 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l32744">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35184 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44486 l3">Other </span><span class="pp-class-166 pa t44486 l4385 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44486 l32744">3</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44486 l28210">11</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44487 l3 ls15293">Total </span><span class="pp-class-170 pa t44487 l34893 ls7025">fees </span><span class="pp-class-170 pa t44487 l35061 ls2273">to </span><span class="pp-class-170 pa t44487 l44488 ls8001">auditors </span><span class="pp-class-170 pa t44487 l44489 ls2275">appointed </span><span class="pp-class-170 pa t44490 l3 ls1866">at </span><span class="pp-class-170 pa t44490 l44491 ls1853">the </span><span class="pp-class-170 pa t44490 l44492 ls1858">Annual </span><span class="pp-class-170 pa t44490 l44493 ls2315">General </span><span class="pp-class-170 pa t44490 l44494 ls1858">Meeting</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44490 l42974 ls2307">86</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44490 l44495 ls2307">67</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35039 l3 ls189">Statutory </span><span class="pp-class-166 pa t35039 l3339">audit </span><span class="pp-class-166 pa t35039 l44483 ls228">fees</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35039 l28209">41</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35039 l28532">4</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35040 l3 ls34869">Tax </span><span class="pp-class-166 pa t35040 l34870">and </span><span class="pp-class-166 pa t35040 l26147 ls37659">VAT </span><span class="pp-class-166 pa t35040 l21999 ls457">advisory </span><span class="pp-class-166 pa t35040 l44485 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35040 l32744">8</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35040 l28532">2</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35042 l3">Other </span><span class="pp-class-166 pa t35042 l4385 ls1915">services</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35042 l32744">4</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t35042 l28532">1</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44496 l3 ls15293">Total </span><span class="pp-class-170 pa t44496 l34893 ls4162">fees, </span><span class="pp-class-170 pa t44496 l42236 ls2690">other</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44496 l42974 ls2307">53</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44496 l44497">7</span></p></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44498 l3 ls7105">Total</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44498 l43285 ls1866">139</span></p></td><td xmlns="http://www.w3.org/1999/xhtml"><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44498 l44495 ls2307">74</span></p></td></tr></table><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44499 l3">Non-audit </span><span class="pp-class-166 pa t44499 l44500 ls457">services </span><span class="pp-class-166 pa t44499 l18789 ls66">provided </span><span class="pp-class-166 pa t44499 l27009">by </span><span class="pp-class-166 pa t44499 l14171">PwC </span><span class="pp-class-166 pa t44499 l15174">Denmark </span><span class="pp-class-166 pa t44499 l44501 ls234">amounted </span><span class="pp-class-166 pa t44499 l18998 ls135">to </span><span class="pp-class-166 pa t44499 l10785">DKK </span><span class="pp-class-166 pa t44499 l44502">7 </span><span class="pp-class-166 pa t44499 l1664">million </span><span class="pp-class-166 pa t44499 l44503">in </span><span class="pp-class-166 pa t44504 l3">2025, </span><span class="pp-class-166 pa t44504 l8623 ls66">relating </span><span class="pp-class-166 pa t44504 l4865 ls135">to </span><span class="pp-class-166 pa t44504 l8780 ls455">various </span><span class="pp-class-166 pa t44504 l2534 ls1021">assurance </span><span class="pp-class-166 pa t44504 l44505">and </span><span class="pp-class-166 pa t44504 l44506 ls457">advisory </span><span class="pp-class-166 pa t44504 l9324 ls457">services </span><span class="pp-class-166 pa t44504 l20711">on </span><span class="pp-class-166 pa t44504 l42015 ls750">sustainability</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44507 l3 ls234">matters, </span><span class="pp-class-166 pa t44507 l2416 ls750">transaction </span><span class="pp-class-166 pa t44507 l31081 ls457">advisory </span><span class="pp-class-166 pa t44507 l30076 ls890">services, </span><span class="pp-class-166 pa t44507 l36371 ls187">limited </span><span class="pp-class-166 pa t44507 l44508 ls1021">assurance </span><span class="pp-class-166 pa t44507 l44509 ls48">over </span><span class="pp-class-166 pa t44507 l3901">IT </span><span class="pp-class-166 pa t44507 l35586 ls455">systems </span><span class="pp-class-166 pa t44507 l44510">and </span><span class="pp-class-166 pa t44511 l3 ls455">various </span><span class="pp-class-166 pa t44511 l9036 ls946">tax </span><span class="pp-class-166 pa t44511 l3241 ls457">advisory </span><span class="pp-class-166 pa t44511 l28501 ls457">services </span><span class="pp-class-166 pa t44511 l27579">and </span><span class="pp-class-166 pa t44511 l28301 ls75">other </span><span class="pp-class-166 pa t44511 l41140 ls457">advisory </span><span class="pp-class-166 pa t44511 l44512 ls890">services. </span><span class="pp-class-166 pa t44511 l44513">Non-audit </span><span class="pp-class-166 pa t44511 l44514 ls457">services </span><span class="pp-class-166 pa t44515 l3 ls66">provided </span><span class="pp-class-166 pa t44515 l3022">by </span><span class="pp-class-166 pa t44515 l44516">PwC </span><span class="pp-class-166 pa t44515 l9328">Denmark </span><span class="pp-class-166 pa t44515 l21864">did </span><span class="pp-class-166 pa t44515 l44517 ls1528">not </span><span class="pp-class-166 pa t44515 l44518 ls1822">exceed </span><span class="pp-class-166 pa t44515 l44519">70% </span><span class="pp-class-166 pa t44515 l6124">of </span><span class="pp-class-166 pa t44515 l44520">the </span><span class="pp-class-166 pa t44515 l44521">audit </span><span class="pp-class-166 pa t44515 l10219 ls267">fees </span><span class="pp-class-166 pa t44515 l44522">in </span><span class="pp-class-166 pa t44515 l44523 ls228">accordance </span><span class="pp-class-166 pa t44524 l3">with </span><span class="pp-class-166 pa t44524 l3388">EU </span><span class="pp-class-166 pa t44524 l3062">audit </span><span class="pp-class-166 pa t44524 l8624">legislation. </span><span class="pp-class-166 pa t44524 l13008 ls2061">KPMG </span><span class="pp-class-166 pa t44524 l6189 ls1528">was </span><span class="pp-class-166 pa t44524 l25178 ls187">auditor </span><span class="pp-class-166 pa t44524 l44525">of </span><span class="pp-class-166 pa t44524 l44526">the </span><span class="pp-class-166 pa t44524 l44527">DB </span><span class="pp-class-166 pa t44524 l42530 ls234">Schenker </span><span class="pp-class-166 pa t44524 l44528 ls497">Group </span><span class="pp-class-166 pa t44524 l44529">prior </span><span class="pp-class-166 pa t44530 l3 ls135">to </span><span class="pp-class-166 pa t44530 l2457">the </span><span class="pp-class-166 pa t44530 l3086 ls86">acquisition </span><span class="pp-class-166 pa t44530 l29825">and </span><span class="pp-class-166 pa t44530 l6035">has </span><span class="pp-class-166 pa t44530 l44531 ls66">remained </span><span class="pp-class-166 pa t44530 l37739 ls187">auditor </span><span class="pp-class-166 pa t44530 l22023 ls228">for </span><span class="pp-class-166 pa t44530 l3433">the </span><span class="pp-class-166 pa t44530 l44532 ls1617">majority </span><span class="pp-class-166 pa t44530 l44533">of </span><span class="pp-class-166 pa t44530 l4971">the </span><span class="pp-class-166 pa t44530 l44534 ls234">Schenker </span><span class="pp-class-166 pa t44535 l3">entities </span><span class="pp-class-166 pa t44535 l38771 ls228">for </span><span class="pp-class-166 pa t44535 l44536">2025. </span><span class="pp-class-166 pa t44535 l44537 ls1528">Generally, </span><span class="pp-class-166 pa t44535 l44538">entities </span><span class="pp-class-166 pa t44535 l44539 ls234">continue </span><span class="pp-class-166 pa t44535 l40190 ls135">to </span><span class="pp-class-166 pa t44535 l15060 ls2046">retain </span><span class="pp-class-166 pa t44535 l6507">their </span><span class="pp-class-166 pa t44535 l1863 ls143">respective </span><span class="pp-class-166 pa t44535 l44540 ls234">auditors </span><span class="pp-class-166 pa t44541 l3 ls228">for </span><span class="pp-class-166 pa t44541 l2086 ls923">standalone </span><span class="pp-class-166 pa t44541 l44542 ls180">statutory </span><span class="pp-class-166 pa t44541 l44543">audits </span><span class="pp-class-166 pa t44541 l14737 ls228">for </span><span class="pp-class-166 pa t44541 l44544">2025.</span></p></div></div> <div class="pp-class-4" id="pp-id-4514" xmlns="http://www.w3.org/1999/xhtml"><div class="w44652 h1 pa t2 l3 wtro4 xx44653 tro6 xx44654"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t44655 l3 ls6611">6.6 </span><span class="pp-class-169 pa t44655 l37093 ls16603">Contingent </span><span class="pp-class-169 pa t44655 l44656 ls38330">liabilities </span><span class="pp-class-169 pa t44655 l44657 ls6611">and </span><span class="pp-class-169 pa t44655 l44658 ls15935">security </span><span class="pp-class-169 pa t44655 l44659 ls21826">for </span><span class="pp-class-169 pa t44655 l44660 ls6611">debt</span></p></div></div><div class="pp-class-4" id="pp-id-4481" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44661 pa t2 l3 wtro4 xx44662 tro6 xx44663"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44664 l3 ls10408">Contingent </span><span class="pp-class-170 pa t44664 l8610 ls4852">liabilities</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44665 l3 ls5287">Accounting </span><span class="pp-class-170 pa t44665 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44666 l3 ls1026">Contingent </span><span class="pp-class-166 pa t44666 l19854">liabilities </span><span class="pp-class-166 pa t44666 l40524 ls234">comprise </span><span class="pp-class-166 pa t44666 l38816 ls394">possible </span><span class="pp-class-166 pa t44666 l44667">obligations </span><span class="pp-class-166 pa t44666 l44668">which </span><span class="pp-class-166 pa t44666 l44669 ls48">have </span><span class="pp-class-166 pa t44666 l4326 ls1528">not </span><span class="pp-class-166 pa t44666 l38280 ls234">yet </span><span class="pp-class-166 pa t44666 l44670">been </span><span class="pp-class-166 pa t44671 l3 ls923">confirmed, </span><span class="pp-class-166 pa t44671 l32816 ls228">are </span><span class="pp-class-166 pa t44671 l44672 ls1428">uncertain </span><span class="pp-class-166 pa t44671 l28972">or </span><span class="pp-class-166 pa t44671 l3743 ls2540">cannot </span><span class="pp-class-166 pa t44671 l44673">be </span><span class="pp-class-166 pa t44671 l26160 ls1528">measured </span><span class="pp-class-166 pa t44671 l28418 ls702">reliably, </span><span class="pp-class-166 pa t44671 l9853">but </span><span class="pp-class-166 pa t44671 l30537">which, </span><span class="pp-class-166 pa t44671 l6728">if </span><span class="pp-class-166 pa t44671 l44674 ls107">realised, </span><span class="pp-class-166 pa t44675 l3">may </span><span class="pp-class-166 pa t44675 l24006 ls564">result </span><span class="pp-class-166 pa t44675 l8613">in </span><span class="pp-class-166 pa t44675 l30783">a </span><span class="pp-class-166 pa t44675 l44676 ls1129">drain </span><span class="pp-class-166 pa t44675 l44677">on </span><span class="pp-class-166 pa t44675 l37148">the </span><span class="pp-class-166 pa t44675 l22763 ls1165">Group’s </span><span class="pp-class-166 pa t44675 l14326 ls3681">resources. </span><span class="pp-class-166 pa t44675 l26096">Obligations </span><span class="pp-class-166 pa t44675 l44678 ls228">are </span><span class="pp-class-166 pa t44675 l44679 ls564">recognised </span><span class="pp-class-166 pa t44675 l44680">in </span><span class="pp-class-166 pa t44681 l3">the </span><span class="pp-class-166 pa t44681 l1913">financial </span><span class="pp-class-166 pa t44681 l22178 ls946">statements </span><span class="pp-class-166 pa t44681 l33260">only </span><span class="pp-class-166 pa t44681 l23806 ls135">to </span><span class="pp-class-166 pa t44681 l28611">the </span><span class="pp-class-166 pa t44681 l15182 ls495">extent </span><span class="pp-class-166 pa t44681 l12303">that </span><span class="pp-class-166 pa t44681 l31732">the </span><span class="pp-class-166 pa t44681 l44682 ls234">criteria </span><span class="pp-class-166 pa t44681 l44683 ls228">for </span><span class="pp-class-166 pa t44681 l44684 ls5508">recognising </span><span class="pp-class-166 pa t44685 l3">a </span><span class="pp-class-166 pa t44685 l2592 ls851">provision </span><span class="pp-class-166 pa t44685 l37414 ls228">are </span><span class="pp-class-166 pa t44685 l44686 ls3305">met.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44687 l3 ls4852">Management </span><span class="pp-class-170 pa t44687 l36376 ls4852">judgements </span><span class="pp-class-170 pa t44687 l36377 ls2257">and </span><span class="pp-class-170 pa t44687 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44688 l3 ls205">Management </span><span class="pp-class-166 pa t44688 l35455">applies </span><span class="pp-class-166 pa t44688 l13598">judgements </span><span class="pp-class-166 pa t44688 l44689">in </span><span class="pp-class-166 pa t44688 l25780 ls48">assessing </span><span class="pp-class-166 pa t44688 l38321">the </span><span class="pp-class-166 pa t44688 l6058 ls1343">existence </span><span class="pp-class-166 pa t44688 l44690">of </span><span class="pp-class-166 pa t44688 l30350 ls923">contingent </span><span class="pp-class-166 pa t44691 l3">liabilities </span><span class="pp-class-166 pa t44691 l6178">on </span><span class="pp-class-166 pa t44691 l44692">an </span><span class="pp-class-166 pa t44691 l44693">ongoing </span><span class="pp-class-166 pa t44691 l26594">basis </span><span class="pp-class-166 pa t44691 l37602">and </span><span class="pp-class-166 pa t44691 l30663">in </span><span class="pp-class-166 pa t44691 l44694">this </span><span class="pp-class-166 pa t44691 l7334 ls1498">regard </span><span class="pp-class-166 pa t44691 l14986 ls1428">considers </span><span class="pp-class-166 pa t44691 l42048">if </span><span class="pp-class-166 pa t44691 l4396">the </span><span class="pp-class-166 pa t44691 l44695 ls234">criteria </span><span class="pp-class-166 pa t44691 l41756 ls228">for </span><span class="pp-class-166 pa t44696 l3 ls5508">recognising </span><span class="pp-class-166 pa t44696 l9108">a </span><span class="pp-class-166 pa t44696 l44697 ls851">provision </span><span class="pp-class-166 pa t44696 l44698 ls228">are </span><span class="pp-class-166 pa t44696 l36691 ls4146">met. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41467 l3">These </span><span class="pp-class-166 pa t41467 l44699 ls166">judgements </span><span class="pp-class-166 pa t41467 l44700 ls166">may </span><span class="pp-class-166 pa t41467 l44701 ls1026">involve </span><span class="pp-class-166 pa t41467 l44702 ls740">advice </span><span class="pp-class-166 pa t41467 l44703 ls267">from </span><span class="pp-class-166 pa t41467 l44704 ls59">external </span><span class="pp-class-166 pa t41467 l44705 ls205">experts, </span><span class="pp-class-166 pa t41467 l44706">legal </span><span class="pp-class-166 pa t41467 l44707">advisors, </span><span class="pp-class-166 pa t41467 l44708 ls78">etc.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44709 l3 ls2388">As </span><span class="pp-class-166 pa t44709 l4418">an </span><span class="pp-class-166 pa t44709 l39960 ls1575">international </span><span class="pp-class-166 pa t44709 l44710 ls461">transport </span><span class="pp-class-166 pa t44709 l44711 ls1915">service </span><span class="pp-class-166 pa t44709 l44712 ls7509">provider, </span><span class="pp-class-166 pa t44709 l44713">the </span><span class="pp-class-166 pa t44709 l9368 ls497">Group </span><span class="pp-class-166 pa t44709 l5515">is </span><span class="pp-class-166 pa t44709 l44714 ls851">regularly </span><span class="pp-class-166 pa t44709 l44715 ls226">involved </span><span class="pp-class-166 pa t44716 l3">in </span><span class="pp-class-166 pa t44716 l1746 ls946">tax </span><span class="pp-class-166 pa t44716 l15637">and </span><span class="pp-class-166 pa t44716 l6242 ls37659">VAT </span><span class="pp-class-166 pa t44716 l44717 ls1428">disputes, </span><span class="pp-class-166 pa t44716 l33200">legal </span><span class="pp-class-166 pa t44716 l43879 ls5508">proceedings </span><span class="pp-class-166 pa t44716 l44718">or </span><span class="pp-class-166 pa t44716 l10474">inquiries </span><span class="pp-class-166 pa t44716 l39186 ls267">from </span><span class="pp-class-166 pa t44716 l38492 ls180">competition </span><span class="pp-class-166 pa t44716 l44719 ls147">author-</span><span class="pp-class-166 pa t44720 l3">ities. </span><span class="pp-class-166 pa t44720 l44721 ls205">Management </span><span class="pp-class-166 pa t44720 l40540 ls394">believes </span><span class="pp-class-166 pa t44720 l44722">that </span><span class="pp-class-166 pa t44720 l6355">the </span><span class="pp-class-166 pa t44720 l44723 ls1575">cases </span><span class="pp-class-166 pa t44720 l44724 ls856">currently </span><span class="pp-class-166 pa t44720 l44725">identified </span><span class="pp-class-166 pa t44720 l44726">will </span><span class="pp-class-166 pa t44720 l36718 ls48">have </span><span class="pp-class-166 pa t44720 l44727">no </span><span class="pp-class-166 pa t44728 l3 ls234">material </span><span class="pp-class-166 pa t44728 l13956 ls1636">impact </span><span class="pp-class-166 pa t44728 l26593">on </span><span class="pp-class-166 pa t44728 l9830">the </span><span class="pp-class-166 pa t44728 l44729">financial </span><span class="pp-class-166 pa t44728 l40145">position </span><span class="pp-class-166 pa t44728 l39447">of </span><span class="pp-class-166 pa t44728 l22174">the </span><span class="pp-class-166 pa t44728 l44730 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44731 l3">A </span><span class="pp-class-166 pa t44731 l454 ls1217">detailed </span><span class="pp-class-166 pa t44731 l44732 ls164">disclosure </span><span class="pp-class-166 pa t44731 l29119">of </span><span class="pp-class-166 pa t44731 l8838">individual </span><span class="pp-class-166 pa t44731 l30982 ls923">contingent </span><span class="pp-class-166 pa t44731 l31419">liabilities </span><span class="pp-class-166 pa t44731 l44733">is </span><span class="pp-class-166 pa t44731 l44734 ls564">considered </span><span class="pp-class-166 pa t44731 l44735 ls552">impracti-</span><span class="pp-class-166 pa t44736 l3 ls1575">cable </span><span class="pp-class-166 pa t44736 l28657">and </span><span class="pp-class-166 pa t44736 l34965">is </span><span class="pp-class-166 pa t44736 l44737 ls96">therefore </span><span class="pp-class-166 pa t44736 l44738 ls1528">not </span><span class="pp-class-166 pa t44736 l15510">included </span><span class="pp-class-166 pa t44736 l44739">in </span><span class="pp-class-166 pa t44736 l44740">the </span><span class="pp-class-166 pa t44736 l5825 ls1115">notes </span><span class="pp-class-166 pa t44736 l6088 ls135">to </span><span class="pp-class-166 pa t44736 l12404">the </span><span class="pp-class-166 pa t44736 l44741">financial </span><span class="pp-class-166 pa t44736 l44742 ls946">statements.</span></p></div></div><div class="pp-class-4" id="pp-id-4515" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44743 pa t2 l3 wtro4 xx41824 tro6 xx41825"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44744 l3 ls239">Commitments</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44745 l3">Joint </span><span class="pp-class-172 pa t44745 l1804 ls4405">ventures</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44746 l3">The </span><span class="pp-class-166 pa t44746 l1525 ls497">Group </span><span class="pp-class-166 pa t44746 l36541">has </span><span class="pp-class-166 pa t44746 l7621">a </span><span class="pp-class-166 pa t44746 l44747">funding </span><span class="pp-class-166 pa t44746 l10652 ls923">commitment </span><span class="pp-class-166 pa t44746 l44748 ls2690">towards </span><span class="pp-class-166 pa t44746 l44749">joint </span><span class="pp-class-166 pa t44746 l44750 ls1528">ventures </span><span class="pp-class-166 pa t44746 l32462">of </span><span class="pp-class-166 pa t44746 l44751">USD </span><span class="pp-class-166 pa t44746 l22729">2,450 </span><span class="pp-class-166 pa t44752 l3">million, </span><span class="pp-class-166 pa t44752 l13244 ls5508">corresponding </span><span class="pp-class-166 pa t44752 l44753 ls135">to </span><span class="pp-class-166 pa t44752 l44754">DKK </span><span class="pp-class-166 pa t44752 l32326">15,557 </span><span class="pp-class-166 pa t44752 l44755">million </span><span class="pp-class-166 pa t44752 l44033">(2024: </span><span class="pp-class-166 pa t44752 l36510">DKK </span><span class="pp-class-166 pa t44752 l44756">17,490 </span><span class="pp-class-166 pa t44752 l44757">million). </span><span class="pp-class-166 pa t44758 l3">The </span><span class="pp-class-166 pa t44758 l1525 ls923">commitment </span><span class="pp-class-166 pa t44758 l21294">is </span><span class="pp-class-166 pa t44758 l42432 ls377">callable </span><span class="pp-class-166 pa t44758 l19447">until </span><span class="pp-class-166 pa t44758 l29096">31 </span><span class="pp-class-166 pa t44758 l23791 ls234">December </span><span class="pp-class-166 pa t44758 l44759">2031. </span><span class="pp-class-166 pa t44758 l44760 ls169">At </span><span class="pp-class-166 pa t44758 l44761">31 </span><span class="pp-class-166 pa t44758 l44762 ls234">December </span><span class="pp-class-166 pa t44758 l21064">2025, </span><span class="pp-class-166 pa t44763 l3">the </span><span class="pp-class-166 pa t44763 l1913 ls497">Group </span><span class="pp-class-166 pa t44763 l36504">had </span><span class="pp-class-166 pa t44763 l26064">a </span><span class="pp-class-166 pa t44763 l20013 ls851">remaining </span><span class="pp-class-166 pa t44763 l39511 ls923">commitment </span><span class="pp-class-166 pa t44763 l26242">of </span><span class="pp-class-166 pa t44763 l12645">USD </span><span class="pp-class-166 pa t44763 l31716">2,450 </span><span class="pp-class-166 pa t44763 l44764">million, </span><span class="pp-class-166 pa t44763 l44765 ls5508">corresponding </span><span class="pp-class-166 pa t44766 l3 ls135">to </span><span class="pp-class-166 pa t44766 l2457">DKK </span><span class="pp-class-166 pa t44766 l8681">15,557 </span><span class="pp-class-166 pa t44766 l8901">million </span><span class="pp-class-166 pa t44766 l10768">(2024: </span><span class="pp-class-166 pa t44766 l36857">DKK </span><span class="pp-class-166 pa t44766 l44767">17,490 </span><span class="pp-class-166 pa t44766 l21026">million), </span><span class="pp-class-166 pa t44766 l44768">if </span><span class="pp-class-166 pa t44766 l44769 ls461">called. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44770 l3 ls1683">Contracts</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44771 l3">DSV </span><span class="pp-class-166 pa t44771 l202">has </span><span class="pp-class-166 pa t44771 l17851 ls1428">concluded </span><span class="pp-class-166 pa t44771 l14107">IT </span><span class="pp-class-166 pa t44771 l44772 ls1915">service </span><span class="pp-class-166 pa t44771 l44773 ls1761">contracts. </span><span class="pp-class-166 pa t44771 l26161 ls180">Costs </span><span class="pp-class-166 pa t44771 l44774 ls1766">related </span><span class="pp-class-166 pa t44771 l21018 ls135">to </span><span class="pp-class-166 pa t44771 l23686">these </span><span class="pp-class-166 pa t44771 l44775 ls1849">contracts </span><span class="pp-class-166 pa t44776 l3 ls228">are </span><span class="pp-class-166 pa t44776 l2357 ls564">recognised </span><span class="pp-class-166 pa t44776 l44777">as </span><span class="pp-class-166 pa t44776 l21067">the </span><span class="pp-class-166 pa t44776 l42422 ls457">services </span><span class="pp-class-166 pa t44776 l21708 ls228">are </span><span class="pp-class-166 pa t44776 l44778 ls66">provided.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44779 l3 ls33398">Security </span><span class="pp-class-170 pa t44779 l44780 ls15425">for </span><span class="pp-class-170 pa t44779 l10179 ls2257">debt</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44781 l3">Bank </span><span class="pp-class-172 pa t44781 l44782 ls614">guarantees</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44783 l3 ls2388">As </span><span class="pp-class-166 pa t44783 l4418 ls2390">part </span><span class="pp-class-166 pa t44783 l44784">of </span><span class="pp-class-166 pa t44783 l44785">its </span><span class="pp-class-166 pa t44783 l37672 ls1849">ordinary </span><span class="pp-class-166 pa t44783 l44786 ls977">operations, </span><span class="pp-class-166 pa t44783 l44787">DSV </span><span class="pp-class-166 pa t44783 l9345">has </span><span class="pp-class-166 pa t44783 l14090 ls66">provided </span><span class="pp-class-166 pa t44783 l44788">bank </span><span class="pp-class-166 pa t44783 l44789 ls1528">guarantees </span><span class="pp-class-166 pa t44783 l38837 ls135">to </span><span class="pp-class-166 pa t44790 l3">authorities, </span><span class="pp-class-166 pa t44790 l10796">suppliers, </span><span class="pp-class-166 pa t44790 l5872 ls1831">etc. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44791 l3">The </span><span class="pp-class-166 pa t44791 l1525 ls4053">counterparties </span><span class="pp-class-166 pa t44791 l44792">may </span><span class="pp-class-166 pa t44791 l44793">claim </span><span class="pp-class-166 pa t44791 l29014 ls180">appropriation </span><span class="pp-class-166 pa t44791 l14294">of </span><span class="pp-class-166 pa t44791 l27509 ls921">collateral </span><span class="pp-class-166 pa t44791 l44794">if </span><span class="pp-class-166 pa t44791 l44795">DSV </span><span class="pp-class-166 pa t44791 l44796 ls2061">fails </span><span class="pp-class-166 pa t44791 l6322 ls135">to </span><span class="pp-class-166 pa t44791 l44797">pay </span><span class="pp-class-166 pa t44798 l3">any </span><span class="pp-class-166 pa t44798 l21349">amount </span><span class="pp-class-166 pa t44798 l43704">due. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44799 l3">Pledges</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44800 l3 ls169">At </span><span class="pp-class-166 pa t44800 l5964">31 </span><span class="pp-class-166 pa t44800 l42290 ls234">December </span><span class="pp-class-166 pa t44800 l42291">2025, </span><span class="pp-class-166 pa t44800 l7562 ls1849">property, </span><span class="pp-class-166 pa t44800 l3774">plant </span><span class="pp-class-166 pa t44800 l13733">and </span><span class="pp-class-166 pa t44800 l8842">equipment </span><span class="pp-class-166 pa t44800 l44801">and </span><span class="pp-class-166 pa t44800 l42676 ls75">other </span><span class="pp-class-166 pa t44800 l7646">financial </span><span class="pp-class-166 pa t44802 l3 ls4053">assets </span><span class="pp-class-166 pa t44802 l2820">with </span><span class="pp-class-166 pa t44802 l15007">a </span><span class="pp-class-166 pa t44802 l44803 ls205">carrying </span><span class="pp-class-166 pa t44802 l347">amount </span><span class="pp-class-166 pa t44802 l44804">of </span><span class="pp-class-166 pa t44802 l39669">DKK </span><span class="pp-class-166 pa t44802 l22080">3 </span><span class="pp-class-166 pa t44802 l19543">million </span><span class="pp-class-166 pa t44802 l44805 ls2487">were </span><span class="pp-class-166 pa t44802 l44806">pledged </span><span class="pp-class-166 pa t44802 l21726">as </span><span class="pp-class-166 pa t44802 l42765 ls1617">security </span><span class="pp-class-166 pa t44807 l3">(2024: </span><span class="pp-class-166 pa t44807 l10819">DKK </span><span class="pp-class-166 pa t44807 l10820">3 </span><span class="pp-class-166 pa t44807 l44808">million). </span></p></div></div> <div class="pp-class-4" id="pp-id-4514" xmlns="http://www.w3.org/1999/xhtml"><div class="w44652 h1 pa t2 l3 wtro4 xx44653 tro6 xx44654"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t44655 l3 ls6611">6.6 </span><span class="pp-class-169 pa t44655 l37093 ls16603">Contingent </span><span class="pp-class-169 pa t44655 l44656 ls38330">liabilities </span><span class="pp-class-169 pa t44655 l44657 ls6611">and </span><span class="pp-class-169 pa t44655 l44658 ls15935">security </span><span class="pp-class-169 pa t44655 l44659 ls21826">for </span><span class="pp-class-169 pa t44655 l44660 ls6611">debt</span></p></div></div><div class="pp-class-4" id="pp-id-4481" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44661 pa t2 l3 wtro4 xx44662 tro6 xx44663"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44664 l3 ls10408">Contingent </span><span class="pp-class-170 pa t44664 l8610 ls4852">liabilities</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44665 l3 ls5287">Accounting </span><span class="pp-class-170 pa t44665 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44666 l3 ls1026">Contingent </span><span class="pp-class-166 pa t44666 l19854">liabilities </span><span class="pp-class-166 pa t44666 l40524 ls234">comprise </span><span class="pp-class-166 pa t44666 l38816 ls394">possible </span><span class="pp-class-166 pa t44666 l44667">obligations </span><span class="pp-class-166 pa t44666 l44668">which </span><span class="pp-class-166 pa t44666 l44669 ls48">have </span><span class="pp-class-166 pa t44666 l4326 ls1528">not </span><span class="pp-class-166 pa t44666 l38280 ls234">yet </span><span class="pp-class-166 pa t44666 l44670">been </span><span class="pp-class-166 pa t44671 l3 ls923">confirmed, </span><span class="pp-class-166 pa t44671 l32816 ls228">are </span><span class="pp-class-166 pa t44671 l44672 ls1428">uncertain </span><span class="pp-class-166 pa t44671 l28972">or </span><span class="pp-class-166 pa t44671 l3743 ls2540">cannot </span><span class="pp-class-166 pa t44671 l44673">be </span><span class="pp-class-166 pa t44671 l26160 ls1528">measured </span><span class="pp-class-166 pa t44671 l28418 ls702">reliably, </span><span class="pp-class-166 pa t44671 l9853">but </span><span class="pp-class-166 pa t44671 l30537">which, </span><span class="pp-class-166 pa t44671 l6728">if </span><span class="pp-class-166 pa t44671 l44674 ls107">realised, </span><span class="pp-class-166 pa t44675 l3">may </span><span class="pp-class-166 pa t44675 l24006 ls564">result </span><span class="pp-class-166 pa t44675 l8613">in </span><span class="pp-class-166 pa t44675 l30783">a </span><span class="pp-class-166 pa t44675 l44676 ls1129">drain </span><span class="pp-class-166 pa t44675 l44677">on </span><span class="pp-class-166 pa t44675 l37148">the </span><span class="pp-class-166 pa t44675 l22763 ls1165">Group’s </span><span class="pp-class-166 pa t44675 l14326 ls3681">resources. </span><span class="pp-class-166 pa t44675 l26096">Obligations </span><span class="pp-class-166 pa t44675 l44678 ls228">are </span><span class="pp-class-166 pa t44675 l44679 ls564">recognised </span><span class="pp-class-166 pa t44675 l44680">in </span><span class="pp-class-166 pa t44681 l3">the </span><span class="pp-class-166 pa t44681 l1913">financial </span><span class="pp-class-166 pa t44681 l22178 ls946">statements </span><span class="pp-class-166 pa t44681 l33260">only </span><span class="pp-class-166 pa t44681 l23806 ls135">to </span><span class="pp-class-166 pa t44681 l28611">the </span><span class="pp-class-166 pa t44681 l15182 ls495">extent </span><span class="pp-class-166 pa t44681 l12303">that </span><span class="pp-class-166 pa t44681 l31732">the </span><span class="pp-class-166 pa t44681 l44682 ls234">criteria </span><span class="pp-class-166 pa t44681 l44683 ls228">for </span><span class="pp-class-166 pa t44681 l44684 ls5508">recognising </span><span class="pp-class-166 pa t44685 l3">a </span><span class="pp-class-166 pa t44685 l2592 ls851">provision </span><span class="pp-class-166 pa t44685 l37414 ls228">are </span><span class="pp-class-166 pa t44685 l44686 ls3305">met.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44687 l3 ls4852">Management </span><span class="pp-class-170 pa t44687 l36376 ls4852">judgements </span><span class="pp-class-170 pa t44687 l36377 ls2257">and </span><span class="pp-class-170 pa t44687 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44688 l3 ls205">Management </span><span class="pp-class-166 pa t44688 l35455">applies </span><span class="pp-class-166 pa t44688 l13598">judgements </span><span class="pp-class-166 pa t44688 l44689">in </span><span class="pp-class-166 pa t44688 l25780 ls48">assessing </span><span class="pp-class-166 pa t44688 l38321">the </span><span class="pp-class-166 pa t44688 l6058 ls1343">existence </span><span class="pp-class-166 pa t44688 l44690">of </span><span class="pp-class-166 pa t44688 l30350 ls923">contingent </span><span class="pp-class-166 pa t44691 l3">liabilities </span><span class="pp-class-166 pa t44691 l6178">on </span><span class="pp-class-166 pa t44691 l44692">an </span><span class="pp-class-166 pa t44691 l44693">ongoing </span><span class="pp-class-166 pa t44691 l26594">basis </span><span class="pp-class-166 pa t44691 l37602">and </span><span class="pp-class-166 pa t44691 l30663">in </span><span class="pp-class-166 pa t44691 l44694">this </span><span class="pp-class-166 pa t44691 l7334 ls1498">regard </span><span class="pp-class-166 pa t44691 l14986 ls1428">considers </span><span class="pp-class-166 pa t44691 l42048">if </span><span class="pp-class-166 pa t44691 l4396">the </span><span class="pp-class-166 pa t44691 l44695 ls234">criteria </span><span class="pp-class-166 pa t44691 l41756 ls228">for </span><span class="pp-class-166 pa t44696 l3 ls5508">recognising </span><span class="pp-class-166 pa t44696 l9108">a </span><span class="pp-class-166 pa t44696 l44697 ls851">provision </span><span class="pp-class-166 pa t44696 l44698 ls228">are </span><span class="pp-class-166 pa t44696 l36691 ls4146">met. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41467 l3">These </span><span class="pp-class-166 pa t41467 l44699 ls166">judgements </span><span class="pp-class-166 pa t41467 l44700 ls166">may </span><span class="pp-class-166 pa t41467 l44701 ls1026">involve </span><span class="pp-class-166 pa t41467 l44702 ls740">advice </span><span class="pp-class-166 pa t41467 l44703 ls267">from </span><span class="pp-class-166 pa t41467 l44704 ls59">external </span><span class="pp-class-166 pa t41467 l44705 ls205">experts, </span><span class="pp-class-166 pa t41467 l44706">legal </span><span class="pp-class-166 pa t41467 l44707">advisors, </span><span class="pp-class-166 pa t41467 l44708 ls78">etc.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44709 l3 ls2388">As </span><span class="pp-class-166 pa t44709 l4418">an </span><span class="pp-class-166 pa t44709 l39960 ls1575">international </span><span class="pp-class-166 pa t44709 l44710 ls461">transport </span><span class="pp-class-166 pa t44709 l44711 ls1915">service </span><span class="pp-class-166 pa t44709 l44712 ls7509">provider, </span><span class="pp-class-166 pa t44709 l44713">the </span><span class="pp-class-166 pa t44709 l9368 ls497">Group </span><span class="pp-class-166 pa t44709 l5515">is </span><span class="pp-class-166 pa t44709 l44714 ls851">regularly </span><span class="pp-class-166 pa t44709 l44715 ls226">involved </span><span class="pp-class-166 pa t44716 l3">in </span><span class="pp-class-166 pa t44716 l1746 ls946">tax </span><span class="pp-class-166 pa t44716 l15637">and </span><span class="pp-class-166 pa t44716 l6242 ls37659">VAT </span><span class="pp-class-166 pa t44716 l44717 ls1428">disputes, </span><span class="pp-class-166 pa t44716 l33200">legal </span><span class="pp-class-166 pa t44716 l43879 ls5508">proceedings </span><span class="pp-class-166 pa t44716 l44718">or </span><span class="pp-class-166 pa t44716 l10474">inquiries </span><span class="pp-class-166 pa t44716 l39186 ls267">from </span><span class="pp-class-166 pa t44716 l38492 ls180">competition </span><span class="pp-class-166 pa t44716 l44719 ls147">author-</span><span class="pp-class-166 pa t44720 l3">ities. </span><span class="pp-class-166 pa t44720 l44721 ls205">Management </span><span class="pp-class-166 pa t44720 l40540 ls394">believes </span><span class="pp-class-166 pa t44720 l44722">that </span><span class="pp-class-166 pa t44720 l6355">the </span><span class="pp-class-166 pa t44720 l44723 ls1575">cases </span><span class="pp-class-166 pa t44720 l44724 ls856">currently </span><span class="pp-class-166 pa t44720 l44725">identified </span><span class="pp-class-166 pa t44720 l44726">will </span><span class="pp-class-166 pa t44720 l36718 ls48">have </span><span class="pp-class-166 pa t44720 l44727">no </span><span class="pp-class-166 pa t44728 l3 ls234">material </span><span class="pp-class-166 pa t44728 l13956 ls1636">impact </span><span class="pp-class-166 pa t44728 l26593">on </span><span class="pp-class-166 pa t44728 l9830">the </span><span class="pp-class-166 pa t44728 l44729">financial </span><span class="pp-class-166 pa t44728 l40145">position </span><span class="pp-class-166 pa t44728 l39447">of </span><span class="pp-class-166 pa t44728 l22174">the </span><span class="pp-class-166 pa t44728 l44730 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44731 l3">A </span><span class="pp-class-166 pa t44731 l454 ls1217">detailed </span><span class="pp-class-166 pa t44731 l44732 ls164">disclosure </span><span class="pp-class-166 pa t44731 l29119">of </span><span class="pp-class-166 pa t44731 l8838">individual </span><span class="pp-class-166 pa t44731 l30982 ls923">contingent </span><span class="pp-class-166 pa t44731 l31419">liabilities </span><span class="pp-class-166 pa t44731 l44733">is </span><span class="pp-class-166 pa t44731 l44734 ls564">considered </span><span class="pp-class-166 pa t44731 l44735 ls552">impracti-</span><span class="pp-class-166 pa t44736 l3 ls1575">cable </span><span class="pp-class-166 pa t44736 l28657">and </span><span class="pp-class-166 pa t44736 l34965">is </span><span class="pp-class-166 pa t44736 l44737 ls96">therefore </span><span class="pp-class-166 pa t44736 l44738 ls1528">not </span><span class="pp-class-166 pa t44736 l15510">included </span><span class="pp-class-166 pa t44736 l44739">in </span><span class="pp-class-166 pa t44736 l44740">the </span><span class="pp-class-166 pa t44736 l5825 ls1115">notes </span><span class="pp-class-166 pa t44736 l6088 ls135">to </span><span class="pp-class-166 pa t44736 l12404">the </span><span class="pp-class-166 pa t44736 l44741">financial </span><span class="pp-class-166 pa t44736 l44742 ls946">statements.</span></p></div></div><div class="pp-class-4" id="pp-id-4515" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44743 pa t2 l3 wtro4 xx41824 tro6 xx41825"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44744 l3 ls239">Commitments</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44745 l3">Joint </span><span class="pp-class-172 pa t44745 l1804 ls4405">ventures</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44746 l3">The </span><span class="pp-class-166 pa t44746 l1525 ls497">Group </span><span class="pp-class-166 pa t44746 l36541">has </span><span class="pp-class-166 pa t44746 l7621">a </span><span class="pp-class-166 pa t44746 l44747">funding </span><span class="pp-class-166 pa t44746 l10652 ls923">commitment </span><span class="pp-class-166 pa t44746 l44748 ls2690">towards </span><span class="pp-class-166 pa t44746 l44749">joint </span><span class="pp-class-166 pa t44746 l44750 ls1528">ventures </span><span class="pp-class-166 pa t44746 l32462">of </span><span class="pp-class-166 pa t44746 l44751">USD </span><span class="pp-class-166 pa t44746 l22729">2,450 </span><span class="pp-class-166 pa t44752 l3">million, </span><span class="pp-class-166 pa t44752 l13244 ls5508">corresponding </span><span class="pp-class-166 pa t44752 l44753 ls135">to </span><span class="pp-class-166 pa t44752 l44754">DKK </span><span class="pp-class-166 pa t44752 l32326">15,557 </span><span class="pp-class-166 pa t44752 l44755">million </span><span class="pp-class-166 pa t44752 l44033">(2024: </span><span class="pp-class-166 pa t44752 l36510">DKK </span><span class="pp-class-166 pa t44752 l44756">17,490 </span><span class="pp-class-166 pa t44752 l44757">million). </span><span class="pp-class-166 pa t44758 l3">The </span><span class="pp-class-166 pa t44758 l1525 ls923">commitment </span><span class="pp-class-166 pa t44758 l21294">is </span><span class="pp-class-166 pa t44758 l42432 ls377">callable </span><span class="pp-class-166 pa t44758 l19447">until </span><span class="pp-class-166 pa t44758 l29096">31 </span><span class="pp-class-166 pa t44758 l23791 ls234">December </span><span class="pp-class-166 pa t44758 l44759">2031. </span><span class="pp-class-166 pa t44758 l44760 ls169">At </span><span class="pp-class-166 pa t44758 l44761">31 </span><span class="pp-class-166 pa t44758 l44762 ls234">December </span><span class="pp-class-166 pa t44758 l21064">2025, </span><span class="pp-class-166 pa t44763 l3">the </span><span class="pp-class-166 pa t44763 l1913 ls497">Group </span><span class="pp-class-166 pa t44763 l36504">had </span><span class="pp-class-166 pa t44763 l26064">a </span><span class="pp-class-166 pa t44763 l20013 ls851">remaining </span><span class="pp-class-166 pa t44763 l39511 ls923">commitment </span><span class="pp-class-166 pa t44763 l26242">of </span><span class="pp-class-166 pa t44763 l12645">USD </span><span class="pp-class-166 pa t44763 l31716">2,450 </span><span class="pp-class-166 pa t44763 l44764">million, </span><span class="pp-class-166 pa t44763 l44765 ls5508">corresponding </span><span class="pp-class-166 pa t44766 l3 ls135">to </span><span class="pp-class-166 pa t44766 l2457">DKK </span><span class="pp-class-166 pa t44766 l8681">15,557 </span><span class="pp-class-166 pa t44766 l8901">million </span><span class="pp-class-166 pa t44766 l10768">(2024: </span><span class="pp-class-166 pa t44766 l36857">DKK </span><span class="pp-class-166 pa t44766 l44767">17,490 </span><span class="pp-class-166 pa t44766 l21026">million), </span><span class="pp-class-166 pa t44766 l44768">if </span><span class="pp-class-166 pa t44766 l44769 ls461">called. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44770 l3 ls1683">Contracts</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44771 l3">DSV </span><span class="pp-class-166 pa t44771 l202">has </span><span class="pp-class-166 pa t44771 l17851 ls1428">concluded </span><span class="pp-class-166 pa t44771 l14107">IT </span><span class="pp-class-166 pa t44771 l44772 ls1915">service </span><span class="pp-class-166 pa t44771 l44773 ls1761">contracts. </span><span class="pp-class-166 pa t44771 l26161 ls180">Costs </span><span class="pp-class-166 pa t44771 l44774 ls1766">related </span><span class="pp-class-166 pa t44771 l21018 ls135">to </span><span class="pp-class-166 pa t44771 l23686">these </span><span class="pp-class-166 pa t44771 l44775 ls1849">contracts </span><span class="pp-class-166 pa t44776 l3 ls228">are </span><span class="pp-class-166 pa t44776 l2357 ls564">recognised </span><span class="pp-class-166 pa t44776 l44777">as </span><span class="pp-class-166 pa t44776 l21067">the </span><span class="pp-class-166 pa t44776 l42422 ls457">services </span><span class="pp-class-166 pa t44776 l21708 ls228">are </span><span class="pp-class-166 pa t44776 l44778 ls66">provided.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44779 l3 ls33398">Security </span><span class="pp-class-170 pa t44779 l44780 ls15425">for </span><span class="pp-class-170 pa t44779 l10179 ls2257">debt</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44781 l3">Bank </span><span class="pp-class-172 pa t44781 l44782 ls614">guarantees</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44783 l3 ls2388">As </span><span class="pp-class-166 pa t44783 l4418 ls2390">part </span><span class="pp-class-166 pa t44783 l44784">of </span><span class="pp-class-166 pa t44783 l44785">its </span><span class="pp-class-166 pa t44783 l37672 ls1849">ordinary </span><span class="pp-class-166 pa t44783 l44786 ls977">operations, </span><span class="pp-class-166 pa t44783 l44787">DSV </span><span class="pp-class-166 pa t44783 l9345">has </span><span class="pp-class-166 pa t44783 l14090 ls66">provided </span><span class="pp-class-166 pa t44783 l44788">bank </span><span class="pp-class-166 pa t44783 l44789 ls1528">guarantees </span><span class="pp-class-166 pa t44783 l38837 ls135">to </span><span class="pp-class-166 pa t44790 l3">authorities, </span><span class="pp-class-166 pa t44790 l10796">suppliers, </span><span class="pp-class-166 pa t44790 l5872 ls1831">etc. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44791 l3">The </span><span class="pp-class-166 pa t44791 l1525 ls4053">counterparties </span><span class="pp-class-166 pa t44791 l44792">may </span><span class="pp-class-166 pa t44791 l44793">claim </span><span class="pp-class-166 pa t44791 l29014 ls180">appropriation </span><span class="pp-class-166 pa t44791 l14294">of </span><span class="pp-class-166 pa t44791 l27509 ls921">collateral </span><span class="pp-class-166 pa t44791 l44794">if </span><span class="pp-class-166 pa t44791 l44795">DSV </span><span class="pp-class-166 pa t44791 l44796 ls2061">fails </span><span class="pp-class-166 pa t44791 l6322 ls135">to </span><span class="pp-class-166 pa t44791 l44797">pay </span><span class="pp-class-166 pa t44798 l3">any </span><span class="pp-class-166 pa t44798 l21349">amount </span><span class="pp-class-166 pa t44798 l43704">due. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44799 l3">Pledges</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44800 l3 ls169">At </span><span class="pp-class-166 pa t44800 l5964">31 </span><span class="pp-class-166 pa t44800 l42290 ls234">December </span><span class="pp-class-166 pa t44800 l42291">2025, </span><span class="pp-class-166 pa t44800 l7562 ls1849">property, </span><span class="pp-class-166 pa t44800 l3774">plant </span><span class="pp-class-166 pa t44800 l13733">and </span><span class="pp-class-166 pa t44800 l8842">equipment </span><span class="pp-class-166 pa t44800 l44801">and </span><span class="pp-class-166 pa t44800 l42676 ls75">other </span><span class="pp-class-166 pa t44800 l7646">financial </span><span class="pp-class-166 pa t44802 l3 ls4053">assets </span><span class="pp-class-166 pa t44802 l2820">with </span><span class="pp-class-166 pa t44802 l15007">a </span><span class="pp-class-166 pa t44802 l44803 ls205">carrying </span><span class="pp-class-166 pa t44802 l347">amount </span><span class="pp-class-166 pa t44802 l44804">of </span><span class="pp-class-166 pa t44802 l39669">DKK </span><span class="pp-class-166 pa t44802 l22080">3 </span><span class="pp-class-166 pa t44802 l19543">million </span><span class="pp-class-166 pa t44802 l44805 ls2487">were </span><span class="pp-class-166 pa t44802 l44806">pledged </span><span class="pp-class-166 pa t44802 l21726">as </span><span class="pp-class-166 pa t44802 l42765 ls1617">security </span><span class="pp-class-166 pa t44807 l3">(2024: </span><span class="pp-class-166 pa t44807 l10819">DKK </span><span class="pp-class-166 pa t44807 l10820">3 </span><span class="pp-class-166 pa t44807 l44808">million). </span></p></div></div> <div class="pp-class-4" id="pp-id-4514" xmlns="http://www.w3.org/1999/xhtml"><div class="w44652 h1 pa t2 l3 wtro4 xx44653 tro6 xx44654"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t44655 l3 ls6611">6.6 </span><span class="pp-class-169 pa t44655 l37093 ls16603">Contingent </span><span class="pp-class-169 pa t44655 l44656 ls38330">liabilities </span><span class="pp-class-169 pa t44655 l44657 ls6611">and </span><span class="pp-class-169 pa t44655 l44658 ls15935">security </span><span class="pp-class-169 pa t44655 l44659 ls21826">for </span><span class="pp-class-169 pa t44655 l44660 ls6611">debt</span></p></div></div><div class="pp-class-4" id="pp-id-4481" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44661 pa t2 l3 wtro4 xx44662 tro6 xx44663"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44664 l3 ls10408">Contingent </span><span class="pp-class-170 pa t44664 l8610 ls4852">liabilities</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44665 l3 ls5287">Accounting </span><span class="pp-class-170 pa t44665 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44666 l3 ls1026">Contingent </span><span class="pp-class-166 pa t44666 l19854">liabilities </span><span class="pp-class-166 pa t44666 l40524 ls234">comprise </span><span class="pp-class-166 pa t44666 l38816 ls394">possible </span><span class="pp-class-166 pa t44666 l44667">obligations </span><span class="pp-class-166 pa t44666 l44668">which </span><span class="pp-class-166 pa t44666 l44669 ls48">have </span><span class="pp-class-166 pa t44666 l4326 ls1528">not </span><span class="pp-class-166 pa t44666 l38280 ls234">yet </span><span class="pp-class-166 pa t44666 l44670">been </span><span class="pp-class-166 pa t44671 l3 ls923">confirmed, </span><span class="pp-class-166 pa t44671 l32816 ls228">are </span><span class="pp-class-166 pa t44671 l44672 ls1428">uncertain </span><span class="pp-class-166 pa t44671 l28972">or </span><span class="pp-class-166 pa t44671 l3743 ls2540">cannot </span><span class="pp-class-166 pa t44671 l44673">be </span><span class="pp-class-166 pa t44671 l26160 ls1528">measured </span><span class="pp-class-166 pa t44671 l28418 ls702">reliably, </span><span class="pp-class-166 pa t44671 l9853">but </span><span class="pp-class-166 pa t44671 l30537">which, </span><span class="pp-class-166 pa t44671 l6728">if </span><span class="pp-class-166 pa t44671 l44674 ls107">realised, </span><span class="pp-class-166 pa t44675 l3">may </span><span class="pp-class-166 pa t44675 l24006 ls564">result </span><span class="pp-class-166 pa t44675 l8613">in </span><span class="pp-class-166 pa t44675 l30783">a </span><span class="pp-class-166 pa t44675 l44676 ls1129">drain </span><span class="pp-class-166 pa t44675 l44677">on </span><span class="pp-class-166 pa t44675 l37148">the </span><span class="pp-class-166 pa t44675 l22763 ls1165">Group’s </span><span class="pp-class-166 pa t44675 l14326 ls3681">resources. </span><span class="pp-class-166 pa t44675 l26096">Obligations </span><span class="pp-class-166 pa t44675 l44678 ls228">are </span><span class="pp-class-166 pa t44675 l44679 ls564">recognised </span><span class="pp-class-166 pa t44675 l44680">in </span><span class="pp-class-166 pa t44681 l3">the </span><span class="pp-class-166 pa t44681 l1913">financial </span><span class="pp-class-166 pa t44681 l22178 ls946">statements </span><span class="pp-class-166 pa t44681 l33260">only </span><span class="pp-class-166 pa t44681 l23806 ls135">to </span><span class="pp-class-166 pa t44681 l28611">the </span><span class="pp-class-166 pa t44681 l15182 ls495">extent </span><span class="pp-class-166 pa t44681 l12303">that </span><span class="pp-class-166 pa t44681 l31732">the </span><span class="pp-class-166 pa t44681 l44682 ls234">criteria </span><span class="pp-class-166 pa t44681 l44683 ls228">for </span><span class="pp-class-166 pa t44681 l44684 ls5508">recognising </span><span class="pp-class-166 pa t44685 l3">a </span><span class="pp-class-166 pa t44685 l2592 ls851">provision </span><span class="pp-class-166 pa t44685 l37414 ls228">are </span><span class="pp-class-166 pa t44685 l44686 ls3305">met.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44687 l3 ls4852">Management </span><span class="pp-class-170 pa t44687 l36376 ls4852">judgements </span><span class="pp-class-170 pa t44687 l36377 ls2257">and </span><span class="pp-class-170 pa t44687 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44688 l3 ls205">Management </span><span class="pp-class-166 pa t44688 l35455">applies </span><span class="pp-class-166 pa t44688 l13598">judgements </span><span class="pp-class-166 pa t44688 l44689">in </span><span class="pp-class-166 pa t44688 l25780 ls48">assessing </span><span class="pp-class-166 pa t44688 l38321">the </span><span class="pp-class-166 pa t44688 l6058 ls1343">existence </span><span class="pp-class-166 pa t44688 l44690">of </span><span class="pp-class-166 pa t44688 l30350 ls923">contingent </span><span class="pp-class-166 pa t44691 l3">liabilities </span><span class="pp-class-166 pa t44691 l6178">on </span><span class="pp-class-166 pa t44691 l44692">an </span><span class="pp-class-166 pa t44691 l44693">ongoing </span><span class="pp-class-166 pa t44691 l26594">basis </span><span class="pp-class-166 pa t44691 l37602">and </span><span class="pp-class-166 pa t44691 l30663">in </span><span class="pp-class-166 pa t44691 l44694">this </span><span class="pp-class-166 pa t44691 l7334 ls1498">regard </span><span class="pp-class-166 pa t44691 l14986 ls1428">considers </span><span class="pp-class-166 pa t44691 l42048">if </span><span class="pp-class-166 pa t44691 l4396">the </span><span class="pp-class-166 pa t44691 l44695 ls234">criteria </span><span class="pp-class-166 pa t44691 l41756 ls228">for </span><span class="pp-class-166 pa t44696 l3 ls5508">recognising </span><span class="pp-class-166 pa t44696 l9108">a </span><span class="pp-class-166 pa t44696 l44697 ls851">provision </span><span class="pp-class-166 pa t44696 l44698 ls228">are </span><span class="pp-class-166 pa t44696 l36691 ls4146">met. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41467 l3">These </span><span class="pp-class-166 pa t41467 l44699 ls166">judgements </span><span class="pp-class-166 pa t41467 l44700 ls166">may </span><span class="pp-class-166 pa t41467 l44701 ls1026">involve </span><span class="pp-class-166 pa t41467 l44702 ls740">advice </span><span class="pp-class-166 pa t41467 l44703 ls267">from </span><span class="pp-class-166 pa t41467 l44704 ls59">external </span><span class="pp-class-166 pa t41467 l44705 ls205">experts, </span><span class="pp-class-166 pa t41467 l44706">legal </span><span class="pp-class-166 pa t41467 l44707">advisors, </span><span class="pp-class-166 pa t41467 l44708 ls78">etc.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44709 l3 ls2388">As </span><span class="pp-class-166 pa t44709 l4418">an </span><span class="pp-class-166 pa t44709 l39960 ls1575">international </span><span class="pp-class-166 pa t44709 l44710 ls461">transport </span><span class="pp-class-166 pa t44709 l44711 ls1915">service </span><span class="pp-class-166 pa t44709 l44712 ls7509">provider, </span><span class="pp-class-166 pa t44709 l44713">the </span><span class="pp-class-166 pa t44709 l9368 ls497">Group </span><span class="pp-class-166 pa t44709 l5515">is </span><span class="pp-class-166 pa t44709 l44714 ls851">regularly </span><span class="pp-class-166 pa t44709 l44715 ls226">involved </span><span class="pp-class-166 pa t44716 l3">in </span><span class="pp-class-166 pa t44716 l1746 ls946">tax </span><span class="pp-class-166 pa t44716 l15637">and </span><span class="pp-class-166 pa t44716 l6242 ls37659">VAT </span><span class="pp-class-166 pa t44716 l44717 ls1428">disputes, </span><span class="pp-class-166 pa t44716 l33200">legal </span><span class="pp-class-166 pa t44716 l43879 ls5508">proceedings </span><span class="pp-class-166 pa t44716 l44718">or </span><span class="pp-class-166 pa t44716 l10474">inquiries </span><span class="pp-class-166 pa t44716 l39186 ls267">from </span><span class="pp-class-166 pa t44716 l38492 ls180">competition </span><span class="pp-class-166 pa t44716 l44719 ls147">author-</span><span class="pp-class-166 pa t44720 l3">ities. </span><span class="pp-class-166 pa t44720 l44721 ls205">Management </span><span class="pp-class-166 pa t44720 l40540 ls394">believes </span><span class="pp-class-166 pa t44720 l44722">that </span><span class="pp-class-166 pa t44720 l6355">the </span><span class="pp-class-166 pa t44720 l44723 ls1575">cases </span><span class="pp-class-166 pa t44720 l44724 ls856">currently </span><span class="pp-class-166 pa t44720 l44725">identified </span><span class="pp-class-166 pa t44720 l44726">will </span><span class="pp-class-166 pa t44720 l36718 ls48">have </span><span class="pp-class-166 pa t44720 l44727">no </span><span class="pp-class-166 pa t44728 l3 ls234">material </span><span class="pp-class-166 pa t44728 l13956 ls1636">impact </span><span class="pp-class-166 pa t44728 l26593">on </span><span class="pp-class-166 pa t44728 l9830">the </span><span class="pp-class-166 pa t44728 l44729">financial </span><span class="pp-class-166 pa t44728 l40145">position </span><span class="pp-class-166 pa t44728 l39447">of </span><span class="pp-class-166 pa t44728 l22174">the </span><span class="pp-class-166 pa t44728 l44730 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44731 l3">A </span><span class="pp-class-166 pa t44731 l454 ls1217">detailed </span><span class="pp-class-166 pa t44731 l44732 ls164">disclosure </span><span class="pp-class-166 pa t44731 l29119">of </span><span class="pp-class-166 pa t44731 l8838">individual </span><span class="pp-class-166 pa t44731 l30982 ls923">contingent </span><span class="pp-class-166 pa t44731 l31419">liabilities </span><span class="pp-class-166 pa t44731 l44733">is </span><span class="pp-class-166 pa t44731 l44734 ls564">considered </span><span class="pp-class-166 pa t44731 l44735 ls552">impracti-</span><span class="pp-class-166 pa t44736 l3 ls1575">cable </span><span class="pp-class-166 pa t44736 l28657">and </span><span class="pp-class-166 pa t44736 l34965">is </span><span class="pp-class-166 pa t44736 l44737 ls96">therefore </span><span class="pp-class-166 pa t44736 l44738 ls1528">not </span><span class="pp-class-166 pa t44736 l15510">included </span><span class="pp-class-166 pa t44736 l44739">in </span><span class="pp-class-166 pa t44736 l44740">the </span><span class="pp-class-166 pa t44736 l5825 ls1115">notes </span><span class="pp-class-166 pa t44736 l6088 ls135">to </span><span class="pp-class-166 pa t44736 l12404">the </span><span class="pp-class-166 pa t44736 l44741">financial </span><span class="pp-class-166 pa t44736 l44742 ls946">statements.</span></p></div></div><div class="pp-class-4" id="pp-id-4515" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44743 pa t2 l3 wtro4 xx41824 tro6 xx41825"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44744 l3 ls239">Commitments</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44745 l3">Joint </span><span class="pp-class-172 pa t44745 l1804 ls4405">ventures</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44746 l3">The </span><span class="pp-class-166 pa t44746 l1525 ls497">Group </span><span class="pp-class-166 pa t44746 l36541">has </span><span class="pp-class-166 pa t44746 l7621">a </span><span class="pp-class-166 pa t44746 l44747">funding </span><span class="pp-class-166 pa t44746 l10652 ls923">commitment </span><span class="pp-class-166 pa t44746 l44748 ls2690">towards </span><span class="pp-class-166 pa t44746 l44749">joint </span><span class="pp-class-166 pa t44746 l44750 ls1528">ventures </span><span class="pp-class-166 pa t44746 l32462">of </span><span class="pp-class-166 pa t44746 l44751">USD </span><span class="pp-class-166 pa t44746 l22729">2,450 </span><span class="pp-class-166 pa t44752 l3">million, </span><span class="pp-class-166 pa t44752 l13244 ls5508">corresponding </span><span class="pp-class-166 pa t44752 l44753 ls135">to </span><span class="pp-class-166 pa t44752 l44754">DKK </span><span class="pp-class-166 pa t44752 l32326">15,557 </span><span class="pp-class-166 pa t44752 l44755">million </span><span class="pp-class-166 pa t44752 l44033">(2024: </span><span class="pp-class-166 pa t44752 l36510">DKK </span><span class="pp-class-166 pa t44752 l44756">17,490 </span><span class="pp-class-166 pa t44752 l44757">million). </span><span class="pp-class-166 pa t44758 l3">The </span><span class="pp-class-166 pa t44758 l1525 ls923">commitment </span><span class="pp-class-166 pa t44758 l21294">is </span><span class="pp-class-166 pa t44758 l42432 ls377">callable </span><span class="pp-class-166 pa t44758 l19447">until </span><span class="pp-class-166 pa t44758 l29096">31 </span><span class="pp-class-166 pa t44758 l23791 ls234">December </span><span class="pp-class-166 pa t44758 l44759">2031. </span><span class="pp-class-166 pa t44758 l44760 ls169">At </span><span class="pp-class-166 pa t44758 l44761">31 </span><span class="pp-class-166 pa t44758 l44762 ls234">December </span><span class="pp-class-166 pa t44758 l21064">2025, </span><span class="pp-class-166 pa t44763 l3">the </span><span class="pp-class-166 pa t44763 l1913 ls497">Group </span><span class="pp-class-166 pa t44763 l36504">had </span><span class="pp-class-166 pa t44763 l26064">a </span><span class="pp-class-166 pa t44763 l20013 ls851">remaining </span><span class="pp-class-166 pa t44763 l39511 ls923">commitment </span><span class="pp-class-166 pa t44763 l26242">of </span><span class="pp-class-166 pa t44763 l12645">USD </span><span class="pp-class-166 pa t44763 l31716">2,450 </span><span class="pp-class-166 pa t44763 l44764">million, </span><span class="pp-class-166 pa t44763 l44765 ls5508">corresponding </span><span class="pp-class-166 pa t44766 l3 ls135">to </span><span class="pp-class-166 pa t44766 l2457">DKK </span><span class="pp-class-166 pa t44766 l8681">15,557 </span><span class="pp-class-166 pa t44766 l8901">million </span><span class="pp-class-166 pa t44766 l10768">(2024: </span><span class="pp-class-166 pa t44766 l36857">DKK </span><span class="pp-class-166 pa t44766 l44767">17,490 </span><span class="pp-class-166 pa t44766 l21026">million), </span><span class="pp-class-166 pa t44766 l44768">if </span><span class="pp-class-166 pa t44766 l44769 ls461">called. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44770 l3 ls1683">Contracts</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44771 l3">DSV </span><span class="pp-class-166 pa t44771 l202">has </span><span class="pp-class-166 pa t44771 l17851 ls1428">concluded </span><span class="pp-class-166 pa t44771 l14107">IT </span><span class="pp-class-166 pa t44771 l44772 ls1915">service </span><span class="pp-class-166 pa t44771 l44773 ls1761">contracts. </span><span class="pp-class-166 pa t44771 l26161 ls180">Costs </span><span class="pp-class-166 pa t44771 l44774 ls1766">related </span><span class="pp-class-166 pa t44771 l21018 ls135">to </span><span class="pp-class-166 pa t44771 l23686">these </span><span class="pp-class-166 pa t44771 l44775 ls1849">contracts </span><span class="pp-class-166 pa t44776 l3 ls228">are </span><span class="pp-class-166 pa t44776 l2357 ls564">recognised </span><span class="pp-class-166 pa t44776 l44777">as </span><span class="pp-class-166 pa t44776 l21067">the </span><span class="pp-class-166 pa t44776 l42422 ls457">services </span><span class="pp-class-166 pa t44776 l21708 ls228">are </span><span class="pp-class-166 pa t44776 l44778 ls66">provided.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44779 l3 ls33398">Security </span><span class="pp-class-170 pa t44779 l44780 ls15425">for </span><span class="pp-class-170 pa t44779 l10179 ls2257">debt</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44781 l3">Bank </span><span class="pp-class-172 pa t44781 l44782 ls614">guarantees</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44783 l3 ls2388">As </span><span class="pp-class-166 pa t44783 l4418 ls2390">part </span><span class="pp-class-166 pa t44783 l44784">of </span><span class="pp-class-166 pa t44783 l44785">its </span><span class="pp-class-166 pa t44783 l37672 ls1849">ordinary </span><span class="pp-class-166 pa t44783 l44786 ls977">operations, </span><span class="pp-class-166 pa t44783 l44787">DSV </span><span class="pp-class-166 pa t44783 l9345">has </span><span class="pp-class-166 pa t44783 l14090 ls66">provided </span><span class="pp-class-166 pa t44783 l44788">bank </span><span class="pp-class-166 pa t44783 l44789 ls1528">guarantees </span><span class="pp-class-166 pa t44783 l38837 ls135">to </span><span class="pp-class-166 pa t44790 l3">authorities, </span><span class="pp-class-166 pa t44790 l10796">suppliers, </span><span class="pp-class-166 pa t44790 l5872 ls1831">etc. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44791 l3">The </span><span class="pp-class-166 pa t44791 l1525 ls4053">counterparties </span><span class="pp-class-166 pa t44791 l44792">may </span><span class="pp-class-166 pa t44791 l44793">claim </span><span class="pp-class-166 pa t44791 l29014 ls180">appropriation </span><span class="pp-class-166 pa t44791 l14294">of </span><span class="pp-class-166 pa t44791 l27509 ls921">collateral </span><span class="pp-class-166 pa t44791 l44794">if </span><span class="pp-class-166 pa t44791 l44795">DSV </span><span class="pp-class-166 pa t44791 l44796 ls2061">fails </span><span class="pp-class-166 pa t44791 l6322 ls135">to </span><span class="pp-class-166 pa t44791 l44797">pay </span><span class="pp-class-166 pa t44798 l3">any </span><span class="pp-class-166 pa t44798 l21349">amount </span><span class="pp-class-166 pa t44798 l43704">due. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44799 l3">Pledges</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44800 l3 ls169">At </span><span class="pp-class-166 pa t44800 l5964">31 </span><span class="pp-class-166 pa t44800 l42290 ls234">December </span><span class="pp-class-166 pa t44800 l42291">2025, </span><span class="pp-class-166 pa t44800 l7562 ls1849">property, </span><span class="pp-class-166 pa t44800 l3774">plant </span><span class="pp-class-166 pa t44800 l13733">and </span><span class="pp-class-166 pa t44800 l8842">equipment </span><span class="pp-class-166 pa t44800 l44801">and </span><span class="pp-class-166 pa t44800 l42676 ls75">other </span><span class="pp-class-166 pa t44800 l7646">financial </span><span class="pp-class-166 pa t44802 l3 ls4053">assets </span><span class="pp-class-166 pa t44802 l2820">with </span><span class="pp-class-166 pa t44802 l15007">a </span><span class="pp-class-166 pa t44802 l44803 ls205">carrying </span><span class="pp-class-166 pa t44802 l347">amount </span><span class="pp-class-166 pa t44802 l44804">of </span><span class="pp-class-166 pa t44802 l39669">DKK </span><span class="pp-class-166 pa t44802 l22080">3 </span><span class="pp-class-166 pa t44802 l19543">million </span><span class="pp-class-166 pa t44802 l44805 ls2487">were </span><span class="pp-class-166 pa t44802 l44806">pledged </span><span class="pp-class-166 pa t44802 l21726">as </span><span class="pp-class-166 pa t44802 l42765 ls1617">security </span><span class="pp-class-166 pa t44807 l3">(2024: </span><span class="pp-class-166 pa t44807 l10819">DKK </span><span class="pp-class-166 pa t44807 l10820">3 </span><span class="pp-class-166 pa t44807 l44808">million). </span></p></div></div> <div class="pp-class-4" id="pp-id-4514" xmlns="http://www.w3.org/1999/xhtml"><div class="w44652 h1 pa t2 l3 wtro4 xx44653 tro6 xx44654"><p class="pp-class-164 pp-area-text"><span class="pp-class-169 pa t44655 l3 ls6611">6.6 </span><span class="pp-class-169 pa t44655 l37093 ls16603">Contingent </span><span class="pp-class-169 pa t44655 l44656 ls38330">liabilities </span><span class="pp-class-169 pa t44655 l44657 ls6611">and </span><span class="pp-class-169 pa t44655 l44658 ls15935">security </span><span class="pp-class-169 pa t44655 l44659 ls21826">for </span><span class="pp-class-169 pa t44655 l44660 ls6611">debt</span></p></div></div><div class="pp-class-4" id="pp-id-4481" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44661 pa t2 l3 wtro4 xx44662 tro6 xx44663"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44664 l3 ls10408">Contingent </span><span class="pp-class-170 pa t44664 l8610 ls4852">liabilities</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44665 l3 ls5287">Accounting </span><span class="pp-class-170 pa t44665 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44666 l3 ls1026">Contingent </span><span class="pp-class-166 pa t44666 l19854">liabilities </span><span class="pp-class-166 pa t44666 l40524 ls234">comprise </span><span class="pp-class-166 pa t44666 l38816 ls394">possible </span><span class="pp-class-166 pa t44666 l44667">obligations </span><span class="pp-class-166 pa t44666 l44668">which </span><span class="pp-class-166 pa t44666 l44669 ls48">have </span><span class="pp-class-166 pa t44666 l4326 ls1528">not </span><span class="pp-class-166 pa t44666 l38280 ls234">yet </span><span class="pp-class-166 pa t44666 l44670">been </span><span class="pp-class-166 pa t44671 l3 ls923">confirmed, </span><span class="pp-class-166 pa t44671 l32816 ls228">are </span><span class="pp-class-166 pa t44671 l44672 ls1428">uncertain </span><span class="pp-class-166 pa t44671 l28972">or </span><span class="pp-class-166 pa t44671 l3743 ls2540">cannot </span><span class="pp-class-166 pa t44671 l44673">be </span><span class="pp-class-166 pa t44671 l26160 ls1528">measured </span><span class="pp-class-166 pa t44671 l28418 ls702">reliably, </span><span class="pp-class-166 pa t44671 l9853">but </span><span class="pp-class-166 pa t44671 l30537">which, </span><span class="pp-class-166 pa t44671 l6728">if </span><span class="pp-class-166 pa t44671 l44674 ls107">realised, </span><span class="pp-class-166 pa t44675 l3">may </span><span class="pp-class-166 pa t44675 l24006 ls564">result </span><span class="pp-class-166 pa t44675 l8613">in </span><span class="pp-class-166 pa t44675 l30783">a </span><span class="pp-class-166 pa t44675 l44676 ls1129">drain </span><span class="pp-class-166 pa t44675 l44677">on </span><span class="pp-class-166 pa t44675 l37148">the </span><span class="pp-class-166 pa t44675 l22763 ls1165">Group’s </span><span class="pp-class-166 pa t44675 l14326 ls3681">resources. </span><span class="pp-class-166 pa t44675 l26096">Obligations </span><span class="pp-class-166 pa t44675 l44678 ls228">are </span><span class="pp-class-166 pa t44675 l44679 ls564">recognised </span><span class="pp-class-166 pa t44675 l44680">in </span><span class="pp-class-166 pa t44681 l3">the </span><span class="pp-class-166 pa t44681 l1913">financial </span><span class="pp-class-166 pa t44681 l22178 ls946">statements </span><span class="pp-class-166 pa t44681 l33260">only </span><span class="pp-class-166 pa t44681 l23806 ls135">to </span><span class="pp-class-166 pa t44681 l28611">the </span><span class="pp-class-166 pa t44681 l15182 ls495">extent </span><span class="pp-class-166 pa t44681 l12303">that </span><span class="pp-class-166 pa t44681 l31732">the </span><span class="pp-class-166 pa t44681 l44682 ls234">criteria </span><span class="pp-class-166 pa t44681 l44683 ls228">for </span><span class="pp-class-166 pa t44681 l44684 ls5508">recognising </span><span class="pp-class-166 pa t44685 l3">a </span><span class="pp-class-166 pa t44685 l2592 ls851">provision </span><span class="pp-class-166 pa t44685 l37414 ls228">are </span><span class="pp-class-166 pa t44685 l44686 ls3305">met.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44687 l3 ls4852">Management </span><span class="pp-class-170 pa t44687 l36376 ls4852">judgements </span><span class="pp-class-170 pa t44687 l36377 ls2257">and </span><span class="pp-class-170 pa t44687 l36378 ls11823">estimates</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44688 l3 ls205">Management </span><span class="pp-class-166 pa t44688 l35455">applies </span><span class="pp-class-166 pa t44688 l13598">judgements </span><span class="pp-class-166 pa t44688 l44689">in </span><span class="pp-class-166 pa t44688 l25780 ls48">assessing </span><span class="pp-class-166 pa t44688 l38321">the </span><span class="pp-class-166 pa t44688 l6058 ls1343">existence </span><span class="pp-class-166 pa t44688 l44690">of </span><span class="pp-class-166 pa t44688 l30350 ls923">contingent </span><span class="pp-class-166 pa t44691 l3">liabilities </span><span class="pp-class-166 pa t44691 l6178">on </span><span class="pp-class-166 pa t44691 l44692">an </span><span class="pp-class-166 pa t44691 l44693">ongoing </span><span class="pp-class-166 pa t44691 l26594">basis </span><span class="pp-class-166 pa t44691 l37602">and </span><span class="pp-class-166 pa t44691 l30663">in </span><span class="pp-class-166 pa t44691 l44694">this </span><span class="pp-class-166 pa t44691 l7334 ls1498">regard </span><span class="pp-class-166 pa t44691 l14986 ls1428">considers </span><span class="pp-class-166 pa t44691 l42048">if </span><span class="pp-class-166 pa t44691 l4396">the </span><span class="pp-class-166 pa t44691 l44695 ls234">criteria </span><span class="pp-class-166 pa t44691 l41756 ls228">for </span><span class="pp-class-166 pa t44696 l3 ls5508">recognising </span><span class="pp-class-166 pa t44696 l9108">a </span><span class="pp-class-166 pa t44696 l44697 ls851">provision </span><span class="pp-class-166 pa t44696 l44698 ls228">are </span><span class="pp-class-166 pa t44696 l36691 ls4146">met. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t41467 l3">These </span><span class="pp-class-166 pa t41467 l44699 ls166">judgements </span><span class="pp-class-166 pa t41467 l44700 ls166">may </span><span class="pp-class-166 pa t41467 l44701 ls1026">involve </span><span class="pp-class-166 pa t41467 l44702 ls740">advice </span><span class="pp-class-166 pa t41467 l44703 ls267">from </span><span class="pp-class-166 pa t41467 l44704 ls59">external </span><span class="pp-class-166 pa t41467 l44705 ls205">experts, </span><span class="pp-class-166 pa t41467 l44706">legal </span><span class="pp-class-166 pa t41467 l44707">advisors, </span><span class="pp-class-166 pa t41467 l44708 ls78">etc.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44709 l3 ls2388">As </span><span class="pp-class-166 pa t44709 l4418">an </span><span class="pp-class-166 pa t44709 l39960 ls1575">international </span><span class="pp-class-166 pa t44709 l44710 ls461">transport </span><span class="pp-class-166 pa t44709 l44711 ls1915">service </span><span class="pp-class-166 pa t44709 l44712 ls7509">provider, </span><span class="pp-class-166 pa t44709 l44713">the </span><span class="pp-class-166 pa t44709 l9368 ls497">Group </span><span class="pp-class-166 pa t44709 l5515">is </span><span class="pp-class-166 pa t44709 l44714 ls851">regularly </span><span class="pp-class-166 pa t44709 l44715 ls226">involved </span><span class="pp-class-166 pa t44716 l3">in </span><span class="pp-class-166 pa t44716 l1746 ls946">tax </span><span class="pp-class-166 pa t44716 l15637">and </span><span class="pp-class-166 pa t44716 l6242 ls37659">VAT </span><span class="pp-class-166 pa t44716 l44717 ls1428">disputes, </span><span class="pp-class-166 pa t44716 l33200">legal </span><span class="pp-class-166 pa t44716 l43879 ls5508">proceedings </span><span class="pp-class-166 pa t44716 l44718">or </span><span class="pp-class-166 pa t44716 l10474">inquiries </span><span class="pp-class-166 pa t44716 l39186 ls267">from </span><span class="pp-class-166 pa t44716 l38492 ls180">competition </span><span class="pp-class-166 pa t44716 l44719 ls147">author-</span><span class="pp-class-166 pa t44720 l3">ities. </span><span class="pp-class-166 pa t44720 l44721 ls205">Management </span><span class="pp-class-166 pa t44720 l40540 ls394">believes </span><span class="pp-class-166 pa t44720 l44722">that </span><span class="pp-class-166 pa t44720 l6355">the </span><span class="pp-class-166 pa t44720 l44723 ls1575">cases </span><span class="pp-class-166 pa t44720 l44724 ls856">currently </span><span class="pp-class-166 pa t44720 l44725">identified </span><span class="pp-class-166 pa t44720 l44726">will </span><span class="pp-class-166 pa t44720 l36718 ls48">have </span><span class="pp-class-166 pa t44720 l44727">no </span><span class="pp-class-166 pa t44728 l3 ls234">material </span><span class="pp-class-166 pa t44728 l13956 ls1636">impact </span><span class="pp-class-166 pa t44728 l26593">on </span><span class="pp-class-166 pa t44728 l9830">the </span><span class="pp-class-166 pa t44728 l44729">financial </span><span class="pp-class-166 pa t44728 l40145">position </span><span class="pp-class-166 pa t44728 l39447">of </span><span class="pp-class-166 pa t44728 l22174">the </span><span class="pp-class-166 pa t44728 l44730 ls497">Group.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44731 l3">A </span><span class="pp-class-166 pa t44731 l454 ls1217">detailed </span><span class="pp-class-166 pa t44731 l44732 ls164">disclosure </span><span class="pp-class-166 pa t44731 l29119">of </span><span class="pp-class-166 pa t44731 l8838">individual </span><span class="pp-class-166 pa t44731 l30982 ls923">contingent </span><span class="pp-class-166 pa t44731 l31419">liabilities </span><span class="pp-class-166 pa t44731 l44733">is </span><span class="pp-class-166 pa t44731 l44734 ls564">considered </span><span class="pp-class-166 pa t44731 l44735 ls552">impracti-</span><span class="pp-class-166 pa t44736 l3 ls1575">cable </span><span class="pp-class-166 pa t44736 l28657">and </span><span class="pp-class-166 pa t44736 l34965">is </span><span class="pp-class-166 pa t44736 l44737 ls96">therefore </span><span class="pp-class-166 pa t44736 l44738 ls1528">not </span><span class="pp-class-166 pa t44736 l15510">included </span><span class="pp-class-166 pa t44736 l44739">in </span><span class="pp-class-166 pa t44736 l44740">the </span><span class="pp-class-166 pa t44736 l5825 ls1115">notes </span><span class="pp-class-166 pa t44736 l6088 ls135">to </span><span class="pp-class-166 pa t44736 l12404">the </span><span class="pp-class-166 pa t44736 l44741">financial </span><span class="pp-class-166 pa t44736 l44742 ls946">statements.</span></p></div></div><div class="pp-class-4" id="pp-id-4515" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h44743 pa t2 l3 wtro4 xx41824 tro6 xx41825"><p class="pp-class-164 pp-area-text"><span class="pp-class-170 pa t44744 l3 ls239">Commitments</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44745 l3">Joint </span><span class="pp-class-172 pa t44745 l1804 ls4405">ventures</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44746 l3">The </span><span class="pp-class-166 pa t44746 l1525 ls497">Group </span><span class="pp-class-166 pa t44746 l36541">has </span><span class="pp-class-166 pa t44746 l7621">a </span><span class="pp-class-166 pa t44746 l44747">funding </span><span class="pp-class-166 pa t44746 l10652 ls923">commitment </span><span class="pp-class-166 pa t44746 l44748 ls2690">towards </span><span class="pp-class-166 pa t44746 l44749">joint </span><span class="pp-class-166 pa t44746 l44750 ls1528">ventures </span><span class="pp-class-166 pa t44746 l32462">of </span><span class="pp-class-166 pa t44746 l44751">USD </span><span class="pp-class-166 pa t44746 l22729">2,450 </span><span class="pp-class-166 pa t44752 l3">million, </span><span class="pp-class-166 pa t44752 l13244 ls5508">corresponding </span><span class="pp-class-166 pa t44752 l44753 ls135">to </span><span class="pp-class-166 pa t44752 l44754">DKK </span><span class="pp-class-166 pa t44752 l32326">15,557 </span><span class="pp-class-166 pa t44752 l44755">million </span><span class="pp-class-166 pa t44752 l44033">(2024: </span><span class="pp-class-166 pa t44752 l36510">DKK </span><span class="pp-class-166 pa t44752 l44756">17,490 </span><span class="pp-class-166 pa t44752 l44757">million). </span><span class="pp-class-166 pa t44758 l3">The </span><span class="pp-class-166 pa t44758 l1525 ls923">commitment </span><span class="pp-class-166 pa t44758 l21294">is </span><span class="pp-class-166 pa t44758 l42432 ls377">callable </span><span class="pp-class-166 pa t44758 l19447">until </span><span class="pp-class-166 pa t44758 l29096">31 </span><span class="pp-class-166 pa t44758 l23791 ls234">December </span><span class="pp-class-166 pa t44758 l44759">2031. </span><span class="pp-class-166 pa t44758 l44760 ls169">At </span><span class="pp-class-166 pa t44758 l44761">31 </span><span class="pp-class-166 pa t44758 l44762 ls234">December </span><span class="pp-class-166 pa t44758 l21064">2025, </span><span class="pp-class-166 pa t44763 l3">the </span><span class="pp-class-166 pa t44763 l1913 ls497">Group </span><span class="pp-class-166 pa t44763 l36504">had </span><span class="pp-class-166 pa t44763 l26064">a </span><span class="pp-class-166 pa t44763 l20013 ls851">remaining </span><span class="pp-class-166 pa t44763 l39511 ls923">commitment </span><span class="pp-class-166 pa t44763 l26242">of </span><span class="pp-class-166 pa t44763 l12645">USD </span><span class="pp-class-166 pa t44763 l31716">2,450 </span><span class="pp-class-166 pa t44763 l44764">million, </span><span class="pp-class-166 pa t44763 l44765 ls5508">corresponding </span><span class="pp-class-166 pa t44766 l3 ls135">to </span><span class="pp-class-166 pa t44766 l2457">DKK </span><span class="pp-class-166 pa t44766 l8681">15,557 </span><span class="pp-class-166 pa t44766 l8901">million </span><span class="pp-class-166 pa t44766 l10768">(2024: </span><span class="pp-class-166 pa t44766 l36857">DKK </span><span class="pp-class-166 pa t44766 l44767">17,490 </span><span class="pp-class-166 pa t44766 l21026">million), </span><span class="pp-class-166 pa t44766 l44768">if </span><span class="pp-class-166 pa t44766 l44769 ls461">called. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-172 pa t44770 l3 ls1683">Contracts</span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-166 pa t44771 l3">DSV </span><span class="pp-class-166 pa t44771 l202">has </span><span class="pp-class-166 pa t44771 l17851 ls1428">concluded </span><span class="pp-class-166 pa t44771 l14107">IT </span><span class="pp-class-166 pa t44771 l44772 ls1915">service </span><span class="pp-class-166 pa t44771 l44773 ls1761">contracts. </span><span class="pp-class-166 pa t44771 l26161 ls180">Costs </span><span class="pp-class-166 pa t44771 l44774 ls1766">related </span><span class="pp-class-166 pa t44771 l21018 ls135">to </span><span class="pp-class-166 pa t44771 l23686">these </span><span class="pp-class-166 pa t44771 l44775 ls1849">contracts </span><span class="pp-class-166 pa t44776 l3 ls228">are </span><span class="pp-class-166 pa t44776 l2357 ls564">recognised </span><span class="pp-class-166 pa t44776 l44777">as </span><span class="pp-class-166 pa t44776 l21067">the </span><span class="pp-class-166 pa t44776 l42422 ls457">services </span><span class="pp-class-166 pa t44776 l21708 ls228">are </span><span class="pp-class-166 pa t44776 l44778 ls66">provided.</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44779 l3 ls33398">Security </span><span class="pp-class-170 pa t44779 l44780 ls15425">for </span><span class="pp-class-170 pa t44779 l10179 ls2257">debt</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44781 l3">Bank </span><span class="pp-class-172 pa t44781 l44782 ls614">guarantees</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44783 l3 ls2388">As </span><span class="pp-class-166 pa t44783 l4418 ls2390">part </span><span class="pp-class-166 pa t44783 l44784">of </span><span class="pp-class-166 pa t44783 l44785">its </span><span class="pp-class-166 pa t44783 l37672 ls1849">ordinary </span><span class="pp-class-166 pa t44783 l44786 ls977">operations, </span><span class="pp-class-166 pa t44783 l44787">DSV </span><span class="pp-class-166 pa t44783 l9345">has </span><span class="pp-class-166 pa t44783 l14090 ls66">provided </span><span class="pp-class-166 pa t44783 l44788">bank </span><span class="pp-class-166 pa t44783 l44789 ls1528">guarantees </span><span class="pp-class-166 pa t44783 l38837 ls135">to </span><span class="pp-class-166 pa t44790 l3">authorities, </span><span class="pp-class-166 pa t44790 l10796">suppliers, </span><span class="pp-class-166 pa t44790 l5872 ls1831">etc. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44791 l3">The </span><span class="pp-class-166 pa t44791 l1525 ls4053">counterparties </span><span class="pp-class-166 pa t44791 l44792">may </span><span class="pp-class-166 pa t44791 l44793">claim </span><span class="pp-class-166 pa t44791 l29014 ls180">appropriation </span><span class="pp-class-166 pa t44791 l14294">of </span><span class="pp-class-166 pa t44791 l27509 ls921">collateral </span><span class="pp-class-166 pa t44791 l44794">if </span><span class="pp-class-166 pa t44791 l44795">DSV </span><span class="pp-class-166 pa t44791 l44796 ls2061">fails </span><span class="pp-class-166 pa t44791 l6322 ls135">to </span><span class="pp-class-166 pa t44791 l44797">pay </span><span class="pp-class-166 pa t44798 l3">any </span><span class="pp-class-166 pa t44798 l21349">amount </span><span class="pp-class-166 pa t44798 l43704">due. </span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-172 pa t44799 l3">Pledges</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44800 l3 ls169">At </span><span class="pp-class-166 pa t44800 l5964">31 </span><span class="pp-class-166 pa t44800 l42290 ls234">December </span><span class="pp-class-166 pa t44800 l42291">2025, </span><span class="pp-class-166 pa t44800 l7562 ls1849">property, </span><span class="pp-class-166 pa t44800 l3774">plant </span><span class="pp-class-166 pa t44800 l13733">and </span><span class="pp-class-166 pa t44800 l8842">equipment </span><span class="pp-class-166 pa t44800 l44801">and </span><span class="pp-class-166 pa t44800 l42676 ls75">other </span><span class="pp-class-166 pa t44800 l7646">financial </span><span class="pp-class-166 pa t44802 l3 ls4053">assets </span><span class="pp-class-166 pa t44802 l2820">with </span><span class="pp-class-166 pa t44802 l15007">a </span><span class="pp-class-166 pa t44802 l44803 ls205">carrying </span><span class="pp-class-166 pa t44802 l347">amount </span><span class="pp-class-166 pa t44802 l44804">of </span><span class="pp-class-166 pa t44802 l39669">DKK </span><span class="pp-class-166 pa t44802 l22080">3 </span><span class="pp-class-166 pa t44802 l19543">million </span><span class="pp-class-166 pa t44802 l44805 ls2487">were </span><span class="pp-class-166 pa t44802 l44806">pledged </span><span class="pp-class-166 pa t44802 l21726">as </span><span class="pp-class-166 pa t44802 l42765 ls1617">security </span><span class="pp-class-166 pa t44807 l3">(2024: </span><span class="pp-class-166 pa t44807 l10819">DKK </span><span class="pp-class-166 pa t44807 l10820">3 </span><span class="pp-class-166 pa t44807 l44808">million). </span></p></div></div> <p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-170 pa t44665 l3 ls5287">Accounting </span><span class="pp-class-170 pa t44665 l37097 ls1180">policies</span></p><p class="pp-class-164 pp-area-text" xmlns="http://www.w3.org/1999/xhtml"><span class="pp-class-166 pa t44666 l3 ls1026">Contingent </span><span class="pp-class-166 pa t44666 l19854">liabilities </span><span class="pp-class-166 pa t44666 l40524 ls234">comprise </span><span class="pp-class-166 pa t44666 l38816 ls394">possible </span><span class="pp-class-166 pa t44666 l44667">obligations </span><span class="pp-class-166 pa t44666 l44668">which </span><span class="pp-class-166 pa t44666 l44669 ls48">have </span><span class="pp-class-166 pa t44666 l4326 ls1528">not </span><span class="pp-class-166 pa t44666 l38280 ls234">yet </span><span class="pp-class-166 pa t44666 l44670">been </span><span class="pp-class-166 pa t44671 l3 ls923">confirmed, </span><span class="pp-class-166 pa t44671 l32816 ls228">are </span><span class="pp-class-166 pa t44671 l44672 ls1428">uncertain </span><span class="pp-class-166 pa t44671 l28972">or </span><span class="pp-class-166 pa t44671 l3743 ls2540">cannot </span><span class="pp-class-166 pa t44671 l44673">be </span><span class="pp-class-166 pa t44671 l26160 ls1528">measured </span><span class="pp-class-166 pa t44671 l28418 ls702">reliably, </span><span class="pp-class-166 pa t44671 l9853">but </span><span class="pp-class-166 pa t44671 l30537">which, </span><span class="pp-class-166 pa t44671 l6728">if </span><span class="pp-class-166 pa t44671 l44674 ls107">realised, </span><span class="pp-class-166 pa t44675 l3">may </span><span class="pp-class-166 pa t44675 l24006 ls564">result </span><span class="pp-class-166 pa t44675 l8613">in </span><span class="pp-class-166 pa t44675 l30783">a </span><span class="pp-class-166 pa t44675 l44676 ls1129">drain </span><span class="pp-class-166 pa t44675 l44677">on </span><span class="pp-class-166 pa t44675 l37148">the </span><span class="pp-class-166 pa t44675 l22763 ls1165">Group’s </span><span class="pp-class-166 pa t44675 l14326 ls3681">resources. </span><span class="pp-class-166 pa t44675 l26096">Obligations </span><span class="pp-class-166 pa t44675 l44678 ls228">are </span><span class="pp-class-166 pa t44675 l44679 ls564">recognised </span><span class="pp-class-166 pa t44675 l44680">in </span><span class="pp-class-166 pa t44681 l3">the </span><span class="pp-class-166 pa t44681 l1913">financial </span><span class="pp-class-166 pa t44681 l22178 ls946">statements </span><span class="pp-class-166 pa t44681 l33260">only </span><span class="pp-class-166 pa t44681 l23806 ls135">to </span><span class="pp-class-166 pa t44681 l28611">the </span><span class="pp-class-166 pa t44681 l15182 ls495">extent </span><span class="pp-class-166 pa t44681 l12303">that </span><span class="pp-class-166 pa t44681 l31732">the </span><span class="pp-class-166 pa t44681 l44682 ls234">criteria </span><span class="pp-class-166 pa t44681 l44683 ls228">for </span><span class="pp-class-166 pa t44681 l44684 ls5508">recognising </span><span class="pp-class-166 pa t44685 l3">a </span><span class="pp-class-166 pa t44685 l2592 ls851">provision </span><span class="pp-class-166 pa t44685 l37414 ls228">are </span><span class="pp-class-166 pa t44685 l44686 ls3305">met.</span></p> <div class="pp-class-4" id="pp-id-4555" xmlns="http://www.w3.org/1999/xhtml"><div class="w45206 h7359 pa t2 l3 wtro4 xx246 tro6 xx247"><p class="pp-class-164 pp-area-text"><span class="pp-class-177 pa t248 l3 ls9507">Group </span><span class="pp-class-177 pa t248 l3099 ls45207">company </span><span class="pp-class-177 pa t7364 l3 ls19177">overview</span></p></div></div><div class="pp-class-4" id="pp-id-4556" xmlns="http://www.w3.org/1999/xhtml"><div class="w45208 h45209 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-185 pa t45210 l3">The </span><span class="pp-class-185 pa t45210 l45211 ls379">overview </span><span class="pp-class-185 pa t45210 l45212">below </span><span class="pp-class-185 pa t45210 l45213 ls1378">lists </span><span class="pp-class-185 pa t45210 l45214">the </span><span class="pp-class-185 pa t45210 l45215 ls234">companies </span><span class="pp-class-185 pa t45210 l21354">in </span><span class="pp-class-185 pa t45210 l45216">the </span><span class="pp-class-185 pa t45210 l45217">DSV </span><span class="pp-class-185 pa t45210 l45218 ls52">Group </span><span class="pp-class-185 pa t45210 l45219">at </span><span class="pp-class-185 pa t45220 l3">31 </span><span class="pp-class-185 pa t45220 l45221 ls187">December </span><span class="pp-class-185 pa t45220 l45222">2025, </span><span class="pp-class-185 pa t45220 l45223">showing </span><span class="pp-class-185 pa t45220 l45224">the </span><span class="pp-class-185 pa t45220 l45225 ls234">companies </span><span class="pp-class-185 pa t45220 l41990">by </span><span class="pp-class-185 pa t45220 l45226">segment </span><span class="pp-class-185 pa t45220 l45227">and </span><span class="pp-class-185 pa t45220 l45228 ls2061">not </span><span class="pp-class-185 pa t45229 l3">by </span><span class="pp-class-185 pa t45229 l45230">legal </span><span class="pp-class-185 pa t45229 l45231 ls4053">structure.</span></p></div></div><div id="pp-id-4557" xmlns="http://www.w3.org/1999/xhtml"><div class="w45232 h3295 pa t2 l3 wtro4 xx2922 tro6 xx2923"><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t3293 l3 ls3301">Activity:</span></p></div></div><div id="pp-id-4634" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45233 pa t2 l3 wtro4 xx199 tro6 xx200"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45234 l3 ls2495">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45234 l4931 ls1440">Country</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45235 ls1853">Ownership </span><span class="pp-class-182 pa t45234 l45236 ls2273">share</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45234 l45237 ls1122">Activity</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t45238 l3 ls15855">Parent</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45239 l3 ls6357">DSV </span><span class="pp-class-182 pa t45239 l45240 ls2050">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45239 l45241">Denmark</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4606"><div id="pp-id-4558"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4570"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4582"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-4594"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMvwAh4lIzALikipYICBBJIjAAbMEpGIBuQCUzhWEIU4Nu++/5NSgkcTpeILTZYycx4YDv03ROalJLD6dIugSJ+M6Md+m5s9sdzxPhDLsyIQR7jn0x2rkGeuZY2qKteWId/xjdBXqaWKcjnrOVWrlTTZcY1LB9s/U4qj3sFGPpuRMQd04c4YYe4ON6uJy0/0eShcQAAAABJRU5ErkJggg=="/></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4613"><div id="pp-id-4607"><div class="pp-class-189" id="pp-id-4559"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4571"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4583"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4595"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4621"><div class="pp-class-189" id="pp-id-4615"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFEAAAAaCAYAAADPELCZAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAWElEQVRoQ+3QoQHAIBDAwNL9l2KyZwQEkXc6Kmtm5uPF/m8FdyYGTAyYGDAxYGLAxICJARMDJgZMDJgYMDFgYsDEgIkBEwMmBkwMmBgwMWBiwMSAiQETAwfsuATx8Wz24QAAAABJRU5ErkJggg=="/></div><div id="pp-id-4618"><div class="pp-class-189" id="pp-id-4561"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4573"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmElEQVQoU5XRQQ3CQBCF4a9rgEMFsEmNrAQkFQdIAAc4AAkVAAm9Q0IVLIdtE9JDKf91/kzezKtyzuB6f0W02GGjMOCMNjX1A6qcs+v9lcbBJM4ZkFJTd9Xl9ozoFuSJATEoMX7JFOcQlMxrScG67RPb8MuYE5Rj1tIH5Z1rOf7/1rHBZDnaVNw7QGrqDhEn9F9ijz3i6PgAAhcsGRHrC1YAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-4585"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAdklEQVQoU52RQQ3EMAwENyHQQgiEQjhoByUQDlLLwEUwfSRWo3wc3Uj+2GNZ8gpQrwJUwHix3ivuufyZxBkDDl8ogewYsIt2cpWaAJO0aY0rAUTWSI6EmSzpjqSBK0v6RdZA/eutooWyHJzXTsvkHMQT+PaZAD1PxEE9zYq6XAAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4597"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAdklEQVQoU52RQQ3EMAwENyHQQgiEQjhoByUQDlLLwEUwfSRWo3wc3Uj+2GNZ8gpQrwJUwHix3ivuufyZxBkDDl8ogewYsIt2cpWaAJO0aY0rAUTWSI6EmSzpjqSBK0v6RdZA/eutooWyHJzXTsvkHMQT+PaZAD1PxEE9zYq6XAAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4625"><div id="pp-id-4616"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFEAAAAaCAYAAADPELCZAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVUlEQVRoQ+3QoQEAIAzAMOD/n8cJCCoTXdU9M4s/5xXwZmLAxICJARMDJgZMDJgYMDFgYsDEgIkBEwMmBkwMmBgwMWBiwMSAiQETAyYGTAyYGDAxcAEeMAMxvi8mVgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4619"><div id="pp-id-4563"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-4575"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmElEQVQoU5XRQQ3CQBCF4a9rgEMFsEmNrAQkFQdIAAc4AAkVAAm9Q0IVLIdtE9JDKf91/kzezKtyzuB6f0W02GGjMOCMNjX1A6qcs+v9lcbBJM4ZkFJTd9Xl9ozoFuSJATEoMX7JFOcQlMxrScG67RPb8MuYE5Rj1tIH5Z1rOf7/1rHBZDnaVNw7QGrqDhEn9F9ijz3i6PgAAhcsGRHrC1YAAAAASUVORK5CYII="/></div><div id="pp-id-4587"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4599"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4624"><div id="pp-id-4622"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-4623"><div class="pp-class-189" id="pp-id-4562"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4574"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmElEQVQoU5XRQQ3CQBCF4a9rgEMFsEmNrAQkFQdIAAc4AAkVAAm9Q0IVLIdtE9JDKf91/kzezKtyzuB6f0W02GGjMOCMNjX1A6qcs+v9lcbBJM4ZkFJTd9Xl9ozoFuSJATEoMX7JFOcQlMxrScG67RPb8MuYE5Rj1tIH5Z1rOf7/1rHBZDnaVNw7QGrqDhEn9F9ijz3i6PgAAhcsGRHrC1YAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-4586"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAl0lEQVQoU43RPRXCMBRA4a8xgAMaKV27sYAecIAEWDsxgY1KIA6ogjCkOYfDALnru++/yzmDx6GPOGKHjcKCG47jlJ7Q5Zw9Dv2wBqr4zYJhnNLc3ffbiPmHXFkQgzLGP5ninIMycytD0Fa90od/xjdBWaaVFJRztnKpV2rpsuAc1g8OfifVx70CjFOaEXFF+hATToir4w0N6i6PStG+sAAAAABJRU5ErkJggg=="/></div><div id="pp-id-4598"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4633"><div id="pp-id-4631"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEsAAAAaCAYAAAD/nKG4AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QIQLAIBDAsLH///mQSKhPdFXXzHy8+W8Bh1mBWYFZgVmBWYFZgVmBWYFZgVmBWYFZgVmBWYFZgVmBWYFZgVmBWYFZgVmBWYFZwQaTOAMxfRp4ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-4632"><div id="pp-id-4569"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4581"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4593"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-4605"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMvwAh4lIzALikipYICBBJIjAAbMEpGIBuQCUzhWEIU4Nu++/5NSgkcTpeILTZYycx4YDv03ROalJLD6dIugSJ+M6Md+m5s9sdzxPhDLsyIQR7jn0x2rkGeuZY2qKteWId/xjdBXqaWKcjnrOVWrlTTZcY1LB9s/U4qj3sFGPpuRMQd04c4YYe4ON6uJy0/0eShcQAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t45242 l3 ls83">Subsidiaries</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t45243 l3 ls2668">Europe</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45244 l3">DSV </span><span class="pp-class-182 pa t45244 l7682 ls946">Andorra, </span><span class="pp-class-182 pa t45244 l45245 ls2287">SLU</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45244 l45246 ls1418">Andorra</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45244 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45248 l3">DSV </span><span class="pp-class-182 pa t45248 l7682">Air </span><span class="pp-class-182 pa t45248 l45249">&amp; </span><span class="pp-class-182 pa t45248 l45250 ls226">Sea </span><span class="pp-class-182 pa t45248 l45251">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45248 l729 ls143">Austria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45248 l45247">100.0%</span></p></div><div><div id="pp-id-4614"><div id="pp-id-4608"><div class="pp-class-189" id="pp-id-4560"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4572"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4584"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-4596"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMvwAh4lIzALikipYICBBJIjAAbMEpGIBuQCUzhWEIU4Nu++/5NSgkcTpeILTZYycx4YDv03ROalJLD6dIugSJ+M6Md+m5s9sdzxPhDLsyIQR7jn0x2rkGeuZY2qKteWId/xjdBXqaWKcjnrOVWrlTTZcY1LB9s/U4qj3sFGPpuRMQd04c4YYe4ON6uJy0/0eShcQAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45252 l3">DSV </span><span class="pp-class-182 pa t45252 l7682 ls107">Road </span><span class="pp-class-182 pa t45252 l45253">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45252 l729 ls143">Austria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45252 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45254 l3">SCHENKER </span><span class="pp-class-182 pa t45254 l45255">&amp; </span><span class="pp-class-182 pa t45254 l45256 ls3187">CO </span><span class="pp-class-182 pa t45254 l45257 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45254 l729 ls143">Austria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45254 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45258 l3">DSV </span><span class="pp-class-182 pa t45258 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45258 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45258 l45259">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45258 l729 ls143">Austria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45258 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45260 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45260 l45261 ls1122">Central </span><span class="pp-class-182 pa t45260 l45262 ls4172">Asia </span><span class="pp-class-182 pa t45260 l45263">EC </span><span class="pp-class-182 pa t45264 l3">- </span><span class="pp-class-182 pa t45264 l45265 ls101">Azerbaijan </span><span class="pp-class-182 pa t45264 l45266 ls147">Branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45260 l45267 ls158">Azerbaijan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45260 l45247">100.0%</span></p></div><div><div id="pp-id-4626"><div id="pp-id-4609"><div class="pp-class-189" id="pp-id-4564"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4576"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4588"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4600"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45268 l3">DB </span><span class="pp-class-182 pa t45268 l45269 ls1849">Schenker </span><span class="pp-class-182 pa t45268 l45270 ls2295">FLLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45268 l45271">Belarus</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45268 l45247">100.0%</span></p></div><div><div id="pp-id-4627"><div class="pp-class-189" id="pp-id-4617"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFEAAAAaCAYAAADPELCZAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAWElEQVRoQ+3QoQHAIBDAwNL9l2KyZwQEkXc6Kmtm5uPF/m8FdyYGTAyYGDAxYGLAxICJARMDJgZMDJgYMDFgYsDEgIkBEwMmBkwMmBgwMWBiwMSAiQETAwfsuATx8Wz24QAAAABJRU5ErkJggg=="/></div><div id="pp-id-4620"><div class="pp-class-189" id="pp-id-4565"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4577"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmElEQVQoU5XRQQ3CQBCF4a9rgEMFsEmNrAQkFQdIAAc4AAkVAAm9Q0IVLIdtE9JDKf91/kzezKtyzuB6f0W02GGjMOCMNjX1A6qcs+v9lcbBJM4ZkFJTd9Xl9ozoFuSJATEoMX7JFOcQlMxrScG67RPb8MuYE5Rj1tIH5Z1rOf7/1rHBZDnaVNw7QGrqDhEn9F9ijz3i6PgAAhcsGRHrC1YAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-4589"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAdklEQVQoU52RQQ3EMAwENyHQQgiEQjhoByUQDlLLwEUwfSRWo3wc3Uj+2GNZ8gpQrwJUwHix3ivuufyZxBkDDl8ogewYsIt2cpWaAJO0aY0rAUTWSI6EmSzpjqSBK0v6RdZA/eutooWyHJzXTsvkHMQT+PaZAD1PxEE9zYq6XAAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4601"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAdklEQVQoU52RQQ3EMAwENyHQQgiEQjhoByUQDlLLwEUwfSRWo3wc3Uj+2GNZ8gpQrwJUwHix3ivuufyZxBkDDl8ogewYsIt2cpWaAJO0aY0rAUTWSI6EmSzpjqSBK0v6RdZA/eutooWyHJzXTsvkHMQT+PaZAD1PxEE9zYq6XAAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45272 l3">DSV </span><span class="pp-class-182 pa t45272 l7682">Air </span><span class="pp-class-182 pa t45272 l45249">&amp; </span><span class="pp-class-182 pa t45272 l45250 ls226">Sea </span><span class="pp-class-182 pa t45272 l45251">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45272 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45272 l45247">100.0%</span></p></div><div><div id="pp-id-4628"><div id="pp-id-4610"><div class="pp-class-189" id="pp-id-4566"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4578"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4590"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4602"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45274 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45274 l45261 ls1866">World </span><span class="pp-class-182 pa t45274 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45274 l45276 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45274 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45274 l45247">100.0%</span></p></div><div><div id="pp-id-4629"><div id="pp-id-4611"><div class="pp-class-189" id="pp-id-4567"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4579"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4591"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4603"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45277 l3">AD </span><span class="pp-class-182 pa t45277 l45278">Handling </span><span class="pp-class-182 pa t45277 l1489">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45277 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45277 l45247">100.0%</span></p></div><div><div id="pp-id-4630"><div id="pp-id-4612"><div class="pp-class-189" id="pp-id-4568"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4580"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4592"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4604"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45279 l3 ls1217">ABX </span><span class="pp-class-182 pa t45279 l45280 ls1740">Worldwide </span><span class="pp-class-182 pa t45279 l45281">Holdings </span><span class="pp-class-182 pa t45279 l45282 ls7025">NV/SA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45279 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45279 l45247">100.0%</span></p></div></div></div><div id="pp-id-4635" xmlns="http://www.w3.org/1999/xhtml"><div class="w45283 h3295 pa t2 l3 wtro4 xx3291 tro6 xx3292"><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t3293 l3">Air </span><span class="pp-class-182 pa t3293 l45284">&amp; </span><span class="pp-class-182 pa t3293 l45285 ls1378">Sea</span></p></div></div><div id="pp-id-4636" xmlns="http://www.w3.org/1999/xhtml"><div class="w45283 h3295 pa t2 l3 wtro4 xx3291 tro6 xx3292"><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t3293 l3 ls2061">Road</span></p></div></div><div id="pp-id-4637" xmlns="http://www.w3.org/1999/xhtml"><div class="w45286 h3295 pa t2 l3 wtro4 xx3291 tro6 xx3292"><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t3293 l3 ls1378">Contract </span><span class="pp-class-182 pa t3293 l45287 ls101">Logistics</span></p></div></div><div id="pp-id-4638" xmlns="http://www.w3.org/1999/xhtml"><div class="w45283 h3295 pa t2 l3 wtro4 xx3291 tro6 xx3292"><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t3293 l3 ls52">Group</span></p></div></div><div class="pp-class-4" id="pp-id-7970" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45288 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls107">Road </span><span class="pp-class-182 pa t45198 l45253">Holding </span><span class="pp-class-182 pa t45198 l45291">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7224"><div id="pp-id-7047"><div class="pp-class-189" id="pp-id-4704"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5273"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5842"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6411"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7043"><div id="pp-id-4639"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6979"><div id="pp-id-4703"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5272"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5841"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6410"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7863"><div id="pp-id-7239"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7530"><div id="pp-id-4713"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5282"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5851"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6420"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7816"><div id="pp-id-7234"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7525"><div id="pp-id-4705"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5274"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5843"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6412"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7842"><div id="pp-id-7237"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7528"><div id="pp-id-4708"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5277"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5846"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6415"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7854"><div id="pp-id-4640"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6980"><div class="pp-class-189" id="pp-id-4710"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5279"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5848"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6417"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7949"><div id="pp-id-7242"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7533"><div id="pp-id-4721"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5290"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5859"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6428"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251">Belgium </span><span class="pp-class-182 pa t45292 l45293">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45294 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45294 l45259">NV </span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45295 l45296 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-7826"><div id="pp-id-7235"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7526"><div id="pp-id-4706"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5275"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5844"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6413"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls6634">Real </span><span class="pp-class-182 pa t45297 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45297 l45298">Ghent </span><span class="pp-class-182 pa t45297 l45299">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7832"><div id="pp-id-7236"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7527"><div id="pp-id-4707"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5276"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5845"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6414"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3">DSV </span><span class="pp-class-182 pa t45300 l7682 ls107">Road </span><span class="pp-class-182 pa t45300 l45253 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3 ls1849">MCI </span><span class="pp-class-182 pa t45301 l45302 ls1416">Brokers </span><span class="pp-class-182 pa t45301 l45303 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45304">99.9%</span></p></div><div><div id="pp-id-7848"><div id="pp-id-7238"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7529"><div id="pp-id-4709"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5278"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5847"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6416"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45305 l45306">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">SCHENKER </span><span class="pp-class-182 pa t45307 l45255">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45308">Bosnia </span><span class="pp-class-182 pa t45307 l45309">And </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45311 ls1428">Herzegovina</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-7856"><div id="pp-id-4641"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6981"><div class="pp-class-189" id="pp-id-4711"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5280"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5849"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6418"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3">DSV </span><span class="pp-class-182 pa t45312 l7682">Air </span><span class="pp-class-182 pa t45312 l45249">&amp; </span><span class="pp-class-182 pa t45312 l45250 ls226">Sea </span><span class="pp-class-182 pa t45312 l45251">EOOD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45313">Bulgaria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45247">100.0%</span></p></div><div><div id="pp-id-7860"><div id="pp-id-7048"><div class="pp-class-189" id="pp-id-4712"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5281"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5850"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6419"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3">DSV </span><span class="pp-class-182 pa t45314 l7682 ls107">Road </span><span class="pp-class-182 pa t45314 l45253">EOOD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45313">Bulgaria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3">SCHENKER </span><span class="pp-class-182 pa t45315 l45255">EOOD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45313">Bulgaria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-7865"><div id="pp-id-4642"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6982"><div class="pp-class-189" id="pp-id-4714"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5283"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5852"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6421"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">DSV </span><span class="pp-class-182 pa t45316 l7682 ls107">Road </span><span class="pp-class-182 pa t45316 l45253 ls1122">Croatia </span><span class="pp-class-182 pa t45316 l45317">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45318 ls1418">Croatia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><div id="pp-id-7938"><div id="pp-id-7866"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7902"><div class="pp-class-189" id="pp-id-4715"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5284"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5853"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6422"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3">DSV </span><span class="pp-class-182 pa t45319 l7682">Air </span><span class="pp-class-182 pa t45319 l45249">&amp; </span><span class="pp-class-182 pa t45319 l45250 ls226">Sea </span><span class="pp-class-182 pa t45319 l45251 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45319 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-7940"><div id="pp-id-7049"><div class="pp-class-189" id="pp-id-4716"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5285"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5854"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6423"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682">Air </span><span class="pp-class-182 pa t45322 l45249">&amp; </span><span class="pp-class-182 pa t45322 l45250 ls226">Sea </span><span class="pp-class-182 pa t45322 l45251 ls1502">Czech </span><span class="pp-class-182 pa t45322 l45323 ls1849">Republic </span><span class="pp-class-182 pa t45322 l45324 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45322 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><div id="pp-id-7942"><div id="pp-id-7050"><div class="pp-class-189" id="pp-id-4717"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5286"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5855"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6424"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l3">DSV </span><span class="pp-class-182 pa t45325 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45325 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45325 l45259 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45325 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45247">100.0%</span></p></div><div><div id="pp-id-7943"><div id="pp-id-7240"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7531"><div id="pp-id-4718"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5287"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5856"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6425"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l3">DSV </span><span class="pp-class-182 pa t45326 l7682 ls107">Road </span><span class="pp-class-182 pa t45326 l45253">a.s.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45326 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45247">100.0%</span></p></div><div><div id="pp-id-7947"><div id="pp-id-7241"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7532"><div id="pp-id-4719"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5288"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5857"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6426"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l3">SCHENKER </span><span class="pp-class-182 pa t45327 l45255">spol. </span><span class="pp-class-182 pa t45327 l45328">s </span><span class="pp-class-182 pa t45327 l18702 ls6991">r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45327 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45247">100.0%</span></p></div><div><div id="pp-id-7948"><div id="pp-id-4643"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6983"><div class="pp-class-189" id="pp-id-4720"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5289"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5858"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6427"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l3">DSV </span><span class="pp-class-182 pa t45329 l7682 ls1129">Insurance </span><span class="pp-class-182 pa t45329 l45330 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l3">DSV </span><span class="pp-class-182 pa t45331 l7682 ls2432">Group </span><span class="pp-class-182 pa t45331 l4342 ls3185">Services </span><span class="pp-class-182 pa t45331 l45332 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45247">100.0%</span></p></div><div><div id="pp-id-7952"><div id="pp-id-7243"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7534"><div id="pp-id-4722"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5291"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5860"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6429"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l3">DSV </span><span class="pp-class-182 pa t45333 l7682 ls5508">FS </span><span class="pp-class-182 pa t45333 l45334 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45247">100.0%</span></p></div><div><div id="pp-id-7953"><div id="pp-id-7244"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7535"><div id="pp-id-4723"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5292"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5861"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6430"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l3">DSV </span><span class="pp-class-182 pa t45335 l7682 ls107">Road </span><span class="pp-class-182 pa t45335 l45253 ls44869">A/S </span><span class="pp-class-182 pa t45335 l45336">- </span><span class="pp-class-182 pa t45335 l45337 ls1595">Energy </span><span class="pp-class-182 pa t45335 l45338 ls147">branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45247">100.0%</span></p></div><div><div id="pp-id-7955"><div id="pp-id-7245"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7536"><div id="pp-id-4724"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5293"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5862"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6431"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l3">DSV </span><span class="pp-class-182 pa t45339 l7682">Air </span><span class="pp-class-182 pa t45339 l45249">&amp; </span><span class="pp-class-182 pa t45339 l45250 ls226">Sea </span><span class="pp-class-182 pa t45339 l45251">Holding </span><span class="pp-class-182 pa t45339 l45340 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45247">100.0%</span></p></div><div><div id="pp-id-7957"><div id="pp-id-7051"><div class="pp-class-189" id="pp-id-4725"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5294"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5863"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6432"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l3">DSV </span><span class="pp-class-182 pa t45341 l7682">Air </span><span class="pp-class-182 pa t45341 l45249">&amp; </span><span class="pp-class-182 pa t45341 l45250 ls226">Sea </span><span class="pp-class-182 pa t45341 l45251 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45247">100.0%</span></p></div><div><div id="pp-id-7959"><div id="pp-id-7867"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7903"><div class="pp-class-189" id="pp-id-4726"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5295"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5864"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6433"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l3">DSV </span><span class="pp-class-182 pa t45342 l7682 ls946">Ocean </span><span class="pp-class-182 pa t45342 l45343 ls6801">Transport </span><span class="pp-class-182 pa t45342 l45344 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45247">100.0%</span></p></div><div><div id="pp-id-7960"><div id="pp-id-7052"><div class="pp-class-189" id="pp-id-4727"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5296"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5865"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6434"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l3">PC </span><span class="pp-class-182 pa t45345 l45346">KH </span><span class="pp-class-182 pa t45345 l45347">ApS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45247">100.0%</span></p></div><div><div id="pp-id-7961"><div id="pp-id-7053"><div class="pp-class-189" id="pp-id-4728"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5297"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5866"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6435"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3">DSV </span><span class="pp-class-182 pa t45348 l7682">Air </span><span class="pp-class-182 pa t45348 l45249">&amp; </span><span class="pp-class-182 pa t45348 l45250 ls226">Sea </span><span class="pp-class-182 pa t45348 l45251">Denmark </span><span class="pp-class-182 pa t45348 l45349">ApS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-7962"><div id="pp-id-7054"><div class="pp-class-189" id="pp-id-4729"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5298"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5867"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6436"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3">DSV </span><span class="pp-class-182 pa t45350 l7682">Solutions </span><span class="pp-class-182 pa t45350 l45351">Holding </span><span class="pp-class-182 pa t45350 l45352 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-7964"><div id="pp-id-7246"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7537"><div id="pp-id-4730"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5299"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5868"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6437"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l3">DSV </span><span class="pp-class-182 pa t45353 l7682">Solutions </span><span class="pp-class-182 pa t45353 l45351 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45247">100.0%</span></p></div><div><div id="pp-id-7967"><div id="pp-id-7247"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7538"><div id="pp-id-4731"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5300"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5869"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6438"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8050" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45288 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls2239">DSV </span><span class="pp-class-182 pa t45198 l45354 ls19240">Real </span><span class="pp-class-182 pa t45198 l45355 ls1464">Estate </span><span class="pp-class-182 pa t45198 l45356 ls4462">Hedeland </span><span class="pp-class-182 pa t45198 l45357 ls22513">Workshop </span><span class="pp-class-182 pa t45198 l45358 ls851">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7990"><div id="pp-id-7055"><div class="pp-class-189" id="pp-id-4738"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5307"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5876"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6445"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7992"><div class="pp-class-189" id="pp-id-7254"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7545"><div class="pp-class-189" id="pp-id-4739"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5308"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5877"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6446"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7971"><div id="pp-id-7248"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7539"><div id="pp-id-4732"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5301"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5870"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6439"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7817"><div id="pp-id-7250"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7541"><div id="pp-id-4734"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5303"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5872"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6441"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7857"><div id="pp-id-4644"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6984"><div class="pp-class-189" id="pp-id-4740"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5309"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5878"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6447"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8026"><div id="pp-id-7262"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7553"><div id="pp-id-4750"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5319"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5888"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6457"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682 ls6634">Real </span><span class="pp-class-182 pa t45292 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45292 l45298 ls3342">Magdeburg </span><span class="pp-class-182 pa t45292 l45359 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7981"><div id="pp-id-7249"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7540"><div id="pp-id-4733"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5302"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5871"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6440"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682 ls107">Road </span><span class="pp-class-182 pa t45294 l45253">Holding </span><span class="pp-class-182 pa t45294 l45291 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682 ls107">Road </span><span class="pp-class-182 pa t45295 l45253 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-7827"><div id="pp-id-7251"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7542"><div id="pp-id-4735"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5304"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5873"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6442"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls6634">Real </span><span class="pp-class-182 pa t45297 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45297 l45298">Hedeland </span><span class="pp-class-182 pa t45297 l45360">5 </span><span class="pp-class-182 pa t45297 l45361 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7833"><div id="pp-id-7252"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7543"><div id="pp-id-4736"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5305"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5874"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6443"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3">DSV </span><span class="pp-class-182 pa t45300 l7682 ls107">Road </span><span class="pp-class-182 pa t45300 l45253 ls3185">Services </span><span class="pp-class-182 pa t45300 l45362 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><div id="pp-id-7843"><div id="pp-id-7253"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7544"><div id="pp-id-4737"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5306"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5875"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6444"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3 ls8044">Sky </span><span class="pp-class-182 pa t45301 l45363 ls4053">Partners </span><span class="pp-class-182 pa t45301 l36684">OÜ</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45364 ls2476">Estonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682 ls826">Estonia </span><span class="pp-class-182 pa t45305 l45365">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45364 ls2476">Estonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">DSV </span><span class="pp-class-182 pa t45307 l7682 ls107">Road </span><span class="pp-class-182 pa t45307 l45253">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45364 ls2476">Estonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">DSV </span><span class="pp-class-182 pa t45366 l7682">Air </span><span class="pp-class-182 pa t45366 l45249">&amp; </span><span class="pp-class-182 pa t45366 l45250 ls226">Sea </span><span class="pp-class-182 pa t45366 l45251">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-7995"><div id="pp-id-7056"><div class="pp-class-189" id="pp-id-4741"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5310"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5879"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6448"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3">DSV </span><span class="pp-class-182 pa t45368 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45368 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45368 l45259">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><div id="pp-id-8000"><div id="pp-id-7255"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7546"><div id="pp-id-4742"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5311"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5880"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6449"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3 ls428">Rengaslinja </span><span class="pp-class-182 pa t45369 l45370">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><div id="pp-id-8002"><div id="pp-id-7256"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7547"><div id="pp-id-4743"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5312"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5881"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6450"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">DSV </span><span class="pp-class-182 pa t45371 l7682 ls107">Road </span><span class="pp-class-182 pa t45371 l45253">Suomi </span><span class="pp-class-182 pa t45371 l45372">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><div id="pp-id-8005"><div id="pp-id-7257"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7548"><div id="pp-id-4744"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5313"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5882"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6451"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3">DSV </span><span class="pp-class-182 pa t45373 l7682 ls107">Road </span><span class="pp-class-182 pa t45373 l45253">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8007"><div id="pp-id-7868"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7904"><div class="pp-class-189" id="pp-id-4745"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5314"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5883"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6452"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3 ls218">Kiinteistö </span><span class="pp-class-182 pa t45374 l45375">Oy </span><span class="pp-class-182 pa t45374 l45376 ls13583">Tir-Trans</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8008"><div id="pp-id-7258"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7549"><div id="pp-id-4746"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5315"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5884"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6453"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3 ls218">Kiinteistö </span><span class="pp-class-182 pa t45377 l45375">Oy </span><span class="pp-class-182 pa t45377 l45376 ls1552">Tampereen </span><span class="pp-class-182 pa t45377 l45378">Rahtiasema</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><div id="pp-id-8013"><div id="pp-id-7259"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7550"><div id="pp-id-4747"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5316"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5885"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6454"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3 ls228">Kiinteistö </span><span class="pp-class-182 pa t45379 l45380 ls851">Oy </span><span class="pp-class-182 pa t45379 l45381 ls1410">Seinäjoen </span><span class="pp-class-182 pa t45379 l27341 ls1502">Kiitolinja-asema</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><div id="pp-id-8016"><div id="pp-id-7260"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7551"><div id="pp-id-4748"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5317"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5886"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6455"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3 ls218">Kiinteistö </span><span class="pp-class-182 pa t45382 l45375">Oy </span><span class="pp-class-182 pa t45382 l45376 ls44876">Turun </span><span class="pp-class-182 pa t45382 l45383 ls158">Nosturinkatu </span><span class="pp-class-182 pa t45382 l45384">6</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8021"><div id="pp-id-7261"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7552"><div id="pp-id-4749"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5318"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5887"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6456"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3">DB </span><span class="pp-class-182 pa t45385 l45269 ls2688">France </span><span class="pp-class-182 pa t45385 l45386">Holding </span><span class="pp-class-182 pa t45385 l45387">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3">DSV </span><span class="pp-class-182 pa t45389 l7682">Air </span><span class="pp-class-182 pa t45389 l45249">&amp; </span><span class="pp-class-182 pa t45389 l45250 ls226">Sea </span><span class="pp-class-182 pa t45389 l45251">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8030"><div id="pp-id-7057"><div class="pp-class-189" id="pp-id-4751"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5320"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5889"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6458"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3">Air </span><span class="pp-class-182 pa t45390 l45284 ls2668">Terminal </span><span class="pp-class-182 pa t45390 l45391">Handling </span><span class="pp-class-182 pa t45390 l31478">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8031"><div id="pp-id-7058"><div class="pp-class-189" id="pp-id-4752"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5321"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5890"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6459"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3">DSV </span><span class="pp-class-182 pa t45392 l7682 ls149">International </span><span class="pp-class-182 pa t45392 l8721">Air </span><span class="pp-class-182 pa t45392 l45393">&amp; </span><span class="pp-class-182 pa t45392 l45394 ls226">Sea </span><span class="pp-class-182 pa t45392 l45395 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8032"><div id="pp-id-7059"><div class="pp-class-189" id="pp-id-4753"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5322"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5891"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6460"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3">DSV </span><span class="pp-class-182 pa t45396 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45396 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45396 l45259">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8034"><div id="pp-id-7263"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7554"><div id="pp-id-4754"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5323"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5892"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6461"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l3">DSV </span><span class="pp-class-182 pa t45397 l7682 ls107">Road </span><span class="pp-class-182 pa t45397 l45253">Holding </span><span class="pp-class-182 pa t45397 l45291 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45247">100.0%</span></p></div><div><div id="pp-id-8038"><div id="pp-id-7264"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7555"><div id="pp-id-4755"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5324"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5893"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6462"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l3">DSV </span><span class="pp-class-182 pa t45399 l7682 ls107">Road </span><span class="pp-class-182 pa t45399 l45253">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45247">100.0%</span></p></div><div><div id="pp-id-8041"><div id="pp-id-7265"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7556"><div id="pp-id-4756"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5325"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5894"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6463"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l3 ls3968">ASIMEX </span><span class="pp-class-182 pa t45400 l21852 ls2022">Anterist </span><span class="pp-class-182 pa t45400 l45401">+ </span><span class="pp-class-182 pa t45400 l45402">Schneider </span><span class="pp-class-182 pa t45400 l45403 ls1915">Import </span><span class="pp-class-182 pa t45345 l3">- </span><span class="pp-class-182 pa t45345 l45265 ls9321">Export </span><span class="pp-class-182 pa t45345 l45404">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45247">100.0%</span></p></div><div><div id="pp-id-8044"><div id="pp-id-7266"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7557"><div id="pp-id-4757"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5326"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5895"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6464"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3">SCHENKER </span><span class="pp-class-182 pa t45348 l45255 ls379">FRANCE </span><span class="pp-class-182 pa t45348 l45405">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-8048"><div id="pp-id-4645"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6985"><div class="pp-class-189" id="pp-id-4758"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5327"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5896"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6465"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3 ls147">ATLANTIQUE </span><span class="pp-class-182 pa t45350 l45406 ls552">EXPRESS </span><span class="pp-class-182 pa t45350 l45407">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-7965"><div id="pp-id-7267"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7558"><div id="pp-id-4759"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5328"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5897"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6466"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l3 ls164">Les </span><span class="pp-class-182 pa t45353 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t45353 l45409 ls265">Francais </span><span class="pp-class-182 pa t45353 l45410">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45247">100.0%</span></p></div><div><div id="pp-id-7968"><div id="pp-id-7268"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7559"><div id="pp-id-4760"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5329"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5898"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6467"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8108" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45198 l45261 ls1122">Georgia </span><span class="pp-class-182 pa t45198 l45317 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45414 ls1418">Georgia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8065"><div id="pp-id-7060"><div class="pp-class-189" id="pp-id-4761"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5330"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5899"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6468"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8099"><div class="pp-class-189" id="pp-id-7281"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7572"><div class="pp-class-189" id="pp-id-4781"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5350"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5919"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6488"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8086"><div id="pp-id-7274"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7565"><div id="pp-id-4773"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5342"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5911"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6480"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8092"><div id="pp-id-7278"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7569"><div id="pp-id-4777"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5346"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5915"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6484"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8070"><div id="pp-id-7869"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7905"><div class="pp-class-189" id="pp-id-4764"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5333"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5902"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6471"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7982"><div id="pp-id-7269"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7560"><div id="pp-id-4762"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5331"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5900"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6469"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682 ls2432">Group </span><span class="pp-class-182 pa t45292 l4342 ls3185">Services </span><span class="pp-class-182 pa t45292 l45332">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682">Holding </span><span class="pp-class-182 pa t45294 l45416">Germany </span><span class="pp-class-182 pa t45294 l45417">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7818"><div id="pp-id-7270"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7561"><div id="pp-id-4763"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5332"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5901"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6470"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45295 l45306 ls1732">Aktiengesellschaft</span><span class="pp-class-186 pa t45418 l45419">1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45297 l45306 ls5508">AG </span><span class="pp-class-182 pa t45297 l45420">&amp; </span><span class="pp-class-182 pa t45297 l45421 ls1849">Co. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3 ls461">Beteiligungsverwaltungs </span><span class="pp-class-182 pa t45422 l45423">OHG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7834"><div id="pp-id-7271"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7562"><div id="pp-id-4765"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5334"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5903"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6472"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45424 l45306">GmbH </span><span class="pp-class-182 pa t45424 l45425">für </span><span class="pp-class-182 pa t45424 l45426 ls1849">Beteiligungen</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8071"><div id="pp-id-7272"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7563"><div id="pp-id-4766"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5335"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5904"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6473"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45427 l45306">Global </span><span class="pp-class-182 pa t45427 l45428 ls205">Management </span><span class="pp-class-182 pa t45427 l45429">&amp; </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3 ls3185">Services </span><span class="pp-class-182 pa t45430 l45431">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><div id="pp-id-8074"><div id="pp-id-7273"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7564"><div id="pp-id-4767"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5336"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5905"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6474"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3">DSV </span><span class="pp-class-182 pa t45432 l7682">Air </span><span class="pp-class-182 pa t45432 l45249">&amp; </span><span class="pp-class-182 pa t45432 l45250 ls226">Sea </span><span class="pp-class-182 pa t45432 l45251">Germany </span><span class="pp-class-182 pa t45432 l45433">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45247">100.0%</span></p></div><div><div id="pp-id-8076"><div id="pp-id-7061"><div class="pp-class-189" id="pp-id-4768"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5337"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5906"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6475"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45434 l45306">Deutschland </span><span class="pp-class-182 pa t45434 l45435 ls5508">AG </span><span class="pp-class-182 pa t45434 l45436 ls1430">i.V. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l3">SCHENKER </span><span class="pp-class-182 pa t45437 l45255 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45247">100.0%</span></p></div><div><div id="pp-id-8079"><div id="pp-id-4646"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6986"><div class="pp-class-189" id="pp-id-4769"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5338"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5907"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6476"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3">DSV </span><span class="pp-class-182 pa t45438 l7682">Air </span><span class="pp-class-182 pa t45438 l45249">&amp; </span><span class="pp-class-182 pa t45438 l45250 ls226">Sea </span><span class="pp-class-182 pa t45438 l45251">Deutschland </span><span class="pp-class-182 pa t45438 l45439">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45247">100.0%</span></p></div><div><div id="pp-id-8080"><div id="pp-id-7062"><div class="pp-class-189" id="pp-id-4770"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5339"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5908"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6477"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45440 l45306 ls455">Flight </span><span class="pp-class-182 pa t45440 l37337 ls3185">Services </span><span class="pp-class-182 pa t45440 l13814">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45247">100.0%</span></p></div><div><div id="pp-id-8083"><div id="pp-id-7063"><div class="pp-class-189" id="pp-id-4771"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5340"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5909"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6478"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3 ls6341">Schenker </span><span class="pp-class-182 pa t45441 l45442 ls24761">Europe </span><span class="pp-class-182 pa t45441 l19061 ls2263">GmbH </span><span class="pp-class-182 pa t45441 l45443 ls19121">i.V. </span><span class="pp-class-182 pa t45441 l45444 ls6341">Schenker </span><span class="pp-class-182 pa t45441 l45445 ls2239">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><div id="pp-id-8085"><div id="pp-id-7870"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7906"><div class="pp-class-189" id="pp-id-4772"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5341"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5910"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6479"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l3">DSV </span><span class="pp-class-182 pa t45446 l7682 ls3185">Services </span><span class="pp-class-182 pa t45446 l45447">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l3 ls1416">Bitergo </span><span class="pp-class-182 pa t45448 l45449">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l45247">100.0%</span></p></div><div><div id="pp-id-8088"><div id="pp-id-7275"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7566"><div id="pp-id-4774"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5343"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5912"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6481"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l3">DSV </span><span class="pp-class-182 pa t45450 l7682">Solutions </span><span class="pp-class-182 pa t45450 l45351 ls2432">Group </span><span class="pp-class-182 pa t45450 l45451">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45247">100.0%</span></p></div><div><div id="pp-id-8089"><div id="pp-id-7276"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7567"><div id="pp-id-4775"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5344"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5913"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6482"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l3">DSV </span><span class="pp-class-182 pa t45452 l7682">Solutions </span><span class="pp-class-182 pa t45452 l45351">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45247">100.0%</span></p></div><div><div id="pp-id-8090"><div id="pp-id-7277"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7568"><div id="pp-id-4776"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5345"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5914"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6483"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l3">DSV </span><span class="pp-class-182 pa t45453 l7682 ls1683">Stuttgart </span><span class="pp-class-182 pa t45453 l45454">GmbH </span><span class="pp-class-182 pa t45453 l20608">&amp; </span><span class="pp-class-182 pa t45453 l45455 ls1849">Co. </span><span class="pp-class-182 pa t45453 l45456 ls1464">KG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l3">DSV </span><span class="pp-class-182 pa t45457 l7682 ls1683">Stuttgart </span><span class="pp-class-182 pa t45457 l45454 ls6634">Verwaltung </span><span class="pp-class-182 pa t45457 l45458">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45247">100.0%</span></p></div><div><div id="pp-id-8093"><div id="pp-id-7279"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7570"><div id="pp-id-4778"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5347"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5916"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6485"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l3">DSV </span><span class="pp-class-182 pa t45459 l7682 ls75">Fairs </span><span class="pp-class-182 pa t45459 l45460">&amp; </span><span class="pp-class-182 pa t45459 l45461 ls556">Events </span><span class="pp-class-182 pa t45459 l45462">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l45247">100.0%</span></p></div><div><div id="pp-id-8095"><div id="pp-id-7871"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7907"><div id="pp-id-4779"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5348"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5917"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6486"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45463 l45306">Deutschland </span><span class="pp-class-182 pa t45463 l45435 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45247">100.0%</span></p></div><div><div id="pp-id-8097"><div id="pp-id-7280"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7571"><div id="pp-id-4780"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5349"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5918"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6487"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45464 l45306 ls12413">Technik </span><span class="pp-class-182 pa t45464 l45465">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45466 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45466 l45306 ls3962">Europe </span><span class="pp-class-182 pa t45466 l45467">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45466 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45466 l45247">100.0%</span></p></div><div><div id="pp-id-8101"><div id="pp-id-4647"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6987"><div class="pp-class-189" id="pp-id-4782"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5351"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5920"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6489"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45468 l3">SW </span><span class="pp-class-182 pa t45468 l45469 ls1119">Zoll-Beratung </span><span class="pp-class-182 pa t45468 l45470">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45468 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45468 l45247">100.0%</span></p></div><div><div id="pp-id-8102"><div id="pp-id-7872"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7908"><div id="pp-id-4783"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5352"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5921"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6490"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45471 l3">DSV </span><span class="pp-class-182 pa t45471 l7682 ls107">Road </span><span class="pp-class-182 pa t45471 l45253">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45471 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45471 l45247">100.0%</span></p></div><div><div id="pp-id-8103"><div id="pp-id-7282"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7573"><div id="pp-id-4784"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5353"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5922"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6491"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45472 l3">DSV </span><span class="pp-class-182 pa t45472 l7682">Air </span><span class="pp-class-182 pa t45472 l45249">&amp; </span><span class="pp-class-182 pa t45472 l45250 ls226">Sea </span><span class="pp-class-182 pa t45472 l45251">Single </span><span class="pp-class-182 pa t45472 l45473 ls455">Member </span><span class="pp-class-182 pa t45472 l45474 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45472 l45475 ls6804">Greece</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45472 l45247">100.0%</span></p></div><div><div id="pp-id-8104"><div id="pp-id-7064"><div class="pp-class-189" id="pp-id-4785"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5354"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5923"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6492"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45476 l3">DSV </span><span class="pp-class-182 pa t45476 l7682 ls107">Road </span><span class="pp-class-182 pa t45476 l45253">Single </span><span class="pp-class-182 pa t45476 l45477 ls455">Member </span><span class="pp-class-182 pa t45476 l45478 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45476 l45475 ls6804">Greece</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45476 l45247">100.0%</span></p></div><div><div id="pp-id-8105"><div id="pp-id-7283"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7574"><div id="pp-id-4786"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5355"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5924"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6493"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45479 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45479 l45306 ls45480">A.E.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45479 l45475 ls6804">Greece</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45479 l45247">100.0%</span></p></div><div><div id="pp-id-8106"><div id="pp-id-4648"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6988"><div class="pp-class-189" id="pp-id-4787"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5356"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5925"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6494"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45481 l3">DSV </span><span class="pp-class-182 pa t45481 l7682">Air </span><span class="pp-class-182 pa t45481 l45249">&amp; </span><span class="pp-class-182 pa t45481 l45250 ls226">Sea </span><span class="pp-class-182 pa t45481 l45251 ls2103">Hungary </span><span class="pp-class-182 pa t45481 l45482 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45481 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45481 l45247">100.0%</span></p></div><div><div id="pp-id-8107"><div id="pp-id-7065"><div class="pp-class-189" id="pp-id-4788"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5357"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5926"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6495"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8165" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45198 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45198 l45259 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8118"><div id="pp-id-7066"><div class="pp-class-189" id="pp-id-4793"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5362"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5931"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6500"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8160"><div class="pp-class-189" id="pp-id-7295"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7586"><div class="pp-class-189" id="pp-id-4813"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5382"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5951"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6520"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7972"><div id="pp-id-7284"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7575"><div id="pp-id-4789"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5358"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5927"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6496"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7983"><div id="pp-id-7285"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7576"><div id="pp-id-4790"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5359"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5928"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6497"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8109"><div id="pp-id-4649"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6989"><div class="pp-class-189" id="pp-id-4791"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5360"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5929"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6498"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Hungaria </span><span class="pp-class-182 pa t45292 l45485 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls1766">Nemzetközi </span><span class="pp-class-182 pa t45294 l45486 ls154">Szallitmanyozasi </span><span class="pp-class-182 pa t45487 l3">es </span><span class="pp-class-182 pa t45487 l45488 ls149">Logisztikai </span><span class="pp-class-182 pa t45487 l45489 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682 ls6634">Real </span><span class="pp-class-182 pa t45490 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45490 l45298 ls2103">Hungary </span><span class="pp-class-182 pa t45490 l45491 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><div id="pp-id-8112"><div id="pp-id-7286"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7577"><div id="pp-id-4792"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5361"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5930"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6499"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3">DSV </span><span class="pp-class-182 pa t45422 l7682">Air </span><span class="pp-class-182 pa t45422 l45249">&amp; </span><span class="pp-class-182 pa t45422 l45250 ls226">Sea </span><span class="pp-class-182 pa t45422 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45424 l45261 ls1866">World </span><span class="pp-class-182 pa t45424 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45424 l45276 ls59">(Ireland) </span><span class="pp-class-182 pa t45493 l3 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8120"><div id="pp-id-7067"><div class="pp-class-189" id="pp-id-4794"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5363"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5932"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6501"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3">DSV </span><span class="pp-class-182 pa t45430 l7682">GIL </span><span class="pp-class-182 pa t45430 l45494 ls1122">Ireland </span><span class="pp-class-182 pa t45430 l45495 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45247">100.0%</span></p></div><div><div id="pp-id-8123"><div id="pp-id-7068"><div class="pp-class-189" id="pp-id-4795"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5364"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5933"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6502"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45432 l45306 ls59">(Ireland) </span><span class="pp-class-182 pa t45432 l45496 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45247">100.0%</span></p></div><div><div id="pp-id-8125"><div id="pp-id-4650"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6990"><div class="pp-class-189" id="pp-id-4796"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5365"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5934"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6503"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3">DSV </span><span class="pp-class-182 pa t45434 l7682 ls1129">Insurance </span><span class="pp-class-182 pa t45434 l45330 ls4053">Designated </span><span class="pp-class-182 pa t45434 l44867 ls7727">Activity </span><span class="pp-class-182 pa t45437 l3 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45247">100.0%</span></p></div><div><div id="pp-id-8127"><div id="pp-id-7873"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7909"><div class="pp-class-189" id="pp-id-4797"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5366"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5935"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6504"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3">DSV </span><span class="pp-class-182 pa t45438 l7682">Air </span><span class="pp-class-182 pa t45438 l45249">&amp; </span><span class="pp-class-182 pa t45438 l45250 ls226">Sea </span><span class="pp-class-182 pa t45438 l45251 ls59">(Ireland) </span><span class="pp-class-182 pa t45438 l45497 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45247">100.0%</span></p></div><div><div id="pp-id-8081"><div id="pp-id-7069"><div class="pp-class-189" id="pp-id-4798"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5367"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5936"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6505"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3">DSV </span><span class="pp-class-182 pa t45440 l7682">Solutions </span><span class="pp-class-182 pa t45440 l45351 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45247">100.0%</span></p></div><div><div id="pp-id-8128"><div id="pp-id-7287"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7578"><div id="pp-id-4799"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5368"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5937"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6506"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3">DSV </span><span class="pp-class-182 pa t45441 l7682 ls48">Inventory </span><span class="pp-class-182 pa t45441 l45498 ls205">Management </span><span class="pp-class-182 pa t45441 l45499">Solutions </span><span class="pp-class-182 pa t45500 l3 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><div id="pp-id-8131"><div id="pp-id-7288"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7579"><div id="pp-id-4800"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5369"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5938"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6507"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l3">DSV </span><span class="pp-class-182 pa t45501 l7682 ls107">Road </span><span class="pp-class-182 pa t45501 l45253 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45247">100.0%</span></p></div><div><div id="pp-id-8133"><div id="pp-id-7289"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7580"><div id="pp-id-4801"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5370"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5939"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6508"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l3">DSV </span><span class="pp-class-182 pa t45502 l7682 ls4148">S.p.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45247">100.0%</span></p></div><div><div id="pp-id-8136"><div id="pp-id-4651"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6991"><div class="pp-class-189" id="pp-id-4802"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5371"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5940"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6509"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45504 l45261 ls6801">Trasporti </span><span class="pp-class-182 pa t45504 l45505 ls394">Mondiali </span><span class="pp-class-182 pa t45504 l45506 ls4148">S.p.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l45247">100.0%</span></p></div><div><div id="pp-id-8138"><div id="pp-id-7070"><div class="pp-class-189" id="pp-id-4803"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5372"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5941"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6510"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45507 l45306 ls428">Italiana </span><span class="pp-class-182 pa t45507 l45508 ls4148">S.p.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l45247">100.0%</span></p></div><div><div id="pp-id-8139"><div id="pp-id-7874"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7910"><div class="pp-class-189" id="pp-id-4804"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5373"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5942"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6511"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l3">DSV </span><span class="pp-class-182 pa t45509 l7682 ls6634">Real </span><span class="pp-class-182 pa t45509 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45509 l45298 ls4148">S.p.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l45304">89.8%</span></p></div><div><div id="pp-id-8140"><div id="pp-id-4652"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6992"><div class="pp-class-189" id="pp-id-4805"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5374"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5943"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6512"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l3">DSV </span><span class="pp-class-182 pa t45510 l7682">Air </span><span class="pp-class-182 pa t45510 l45249">&amp; </span><span class="pp-class-182 pa t45510 l45250 ls226">Sea </span><span class="pp-class-182 pa t45510 l45251 ls234">Italy </span><span class="pp-class-182 pa t45510 l45511 ls2836">S.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l45247">100.0%</span></p></div><div><div id="pp-id-8141"><div id="pp-id-7071"><div class="pp-class-189" id="pp-id-4806"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5375"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5944"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6513"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l3">DSV </span><span class="pp-class-182 pa t45512 l7682">Solutions </span><span class="pp-class-182 pa t45512 l45351 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45247">100.0%</span></p></div><div><div id="pp-id-8143"><div id="pp-id-7290"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7581"><div id="pp-id-4807"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5376"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5945"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6514"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3">DSV </span><span class="pp-class-182 pa t45514 l7682 ls6634">Real </span><span class="pp-class-182 pa t45514 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45514 l45298 ls218">Novara </span><span class="pp-class-182 pa t45514 l45515 ls2836">S.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45304">66.0%</span></p></div><div><div id="pp-id-8146"><div id="pp-id-7291"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7582"><div id="pp-id-4808"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5377"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5946"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6515"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3">DSV </span><span class="pp-class-182 pa t45516 l7682 ls6634">Real </span><span class="pp-class-182 pa t45516 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45516 l45298 ls455">Modena </span><span class="pp-class-182 pa t45516 l45517 ls2836">S.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45247">100.0%</span></p></div><div><div id="pp-id-8149"><div id="pp-id-7292"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7583"><div id="pp-id-4809"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5378"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5947"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6516"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l3">DSV </span><span class="pp-class-182 pa t45518 l7682 ls107">Road </span><span class="pp-class-182 pa t45518 l45253 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45247">100.0%</span></p></div><div><div id="pp-id-8151"><div id="pp-id-7293"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7584"><div id="pp-id-4810"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5379"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5948"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6517"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l3 ls750">HANGARTNER </span><span class="pp-class-182 pa t45519 l21676 ls2668">Terminal </span><span class="pp-class-182 pa t45519 l45520 ls2836">S.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45247">100.0%</span></p></div><div><div id="pp-id-8155"><div id="pp-id-7294"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7585"><div id="pp-id-4811"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5380"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5949"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6518"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l3">GIL </span><span class="pp-class-182 pa t45521 l45522 ls740">Kazakhstan </span><span class="pp-class-182 pa t45521 l45523">LLP</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45524 ls164">Kazakhstan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45247">100.0%</span></p></div><div><div id="pp-id-8158"><div id="pp-id-7072"><div class="pp-class-189" id="pp-id-4812"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5381"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5950"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6519"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45525 l45306 ls740">Kazakhstan </span><span class="pp-class-182 pa t45525 l45526">LLP</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45524 ls164">Kazakhstan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l3">DSV </span><span class="pp-class-182 pa t45527 l7682 ls3968">Latvia </span><span class="pp-class-182 pa t45527 l45528">SIA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l45529 ls2390">Latvia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l45247">100.0%</span></p></div><div><div id="pp-id-8162"><div class="pp-class-189" id="pp-id-7296"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7587"><div class="pp-class-189" id="pp-id-4814"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5383"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5952"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6521"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l3">SIA </span><span class="pp-class-182 pa t45530 l45531 ls704">Schenker</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l45529 ls2390">Latvia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l45247">100.0%</span></p></div><div><div id="pp-id-8164"><div id="pp-id-4653"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6993"><div class="pp-class-189" id="pp-id-4815"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5384"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5953"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6522"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8201" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682">Lithuania </span><span class="pp-class-182 pa t45198 l45532 ls1378">UAB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45533">Lithuania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8166"><div id="pp-id-7073"><div class="pp-class-189" id="pp-id-4819"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5388"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5957"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6526"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7973"><div class="pp-class-189" id="pp-id-7297"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7588"><div class="pp-class-189" id="pp-id-4816"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5385"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5954"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6523"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8003"><div id="pp-id-7304"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7595"><div id="pp-id-4827"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5396"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5965"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6534"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8017"><div id="pp-id-7307"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7598"><div id="pp-id-4832"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5401"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5970"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6539"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8174"><div id="pp-id-4654"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6994"><div class="pp-class-189" id="pp-id-4826"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5395"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5964"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6533"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7844"><div id="pp-id-7301"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7592"><div id="pp-id-4821"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5390"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5959"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6528"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls226">UAB </span><span class="pp-class-182 pa t45292 l45534 ls1683">"Schenker"</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45533">Lithuania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7984"><div class="pp-class-189" id="pp-id-7298"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7589"><div class="pp-class-189" id="pp-id-4817"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5386"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5955"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6524"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682">Air </span><span class="pp-class-182 pa t45294 l45249">&amp; </span><span class="pp-class-182 pa t45294 l45250 ls226">Sea </span><span class="pp-class-182 pa t45294 l45251">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45535 ls12989">Luxembourg</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7819"><div class="pp-class-189" id="pp-id-7299"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7590"><div class="pp-class-189" id="pp-id-4818"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5387"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5956"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6525"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682">Air </span><span class="pp-class-182 pa t45295 l45249 ls2103">Services</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45535 ls12989">Luxembourg</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3 ls2388">"S.C. </span><span class="pp-class-182 pa t45297 l45536 ls1683">Schenker" </span><span class="pp-class-182 pa t45297 l45537 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45538 ls556">Moldova</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7835"><div class="pp-class-189" id="pp-id-7300"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7591"><div class="pp-class-189" id="pp-id-4820"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5389"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5958"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6527"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls3593">Agility </span><span class="pp-class-182 pa t45300 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45300 l45540 ls149">International </span><span class="pp-class-182 pa t45300 l45541 ls1728">BV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3 ls6801">TransOceanic </span><span class="pp-class-182 pa t45301 l45543">Holdings </span><span class="pp-class-182 pa t45301 l45544 ls1728">BV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-7849"><div id="pp-id-7302"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7593"><div id="pp-id-4822"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5391"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5960"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6529"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682 ls117">Finance </span><span class="pp-class-182 pa t45305 l45545 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-7993"><div id="pp-id-7303"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7594"><div id="pp-id-4823"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5392"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5961"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6530"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3 ls164">UTi </span><span class="pp-class-182 pa t45307 l45546 ls158">(Netherlands) </span><span class="pp-class-182 pa t45307 l45547">Holdings </span><span class="pp-class-182 pa t45307 l45548 ls1728">BV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-8172"><div id="pp-id-7074"><div class="pp-class-189" id="pp-id-4824"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5393"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5962"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6531"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">DSV </span><span class="pp-class-182 pa t45366 l7682">Air </span><span class="pp-class-182 pa t45366 l45249">&amp; </span><span class="pp-class-182 pa t45366 l45250 ls226">Sea </span><span class="pp-class-182 pa t45366 l45251">Nederland </span><span class="pp-class-182 pa t45366 l45549 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-7996"><div id="pp-id-7075"><div class="pp-class-189" id="pp-id-4825"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5394"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5963"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6532"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45368 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45368 l45550">Nederland </span><span class="pp-class-182 pa t45368 l45551 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3">DSV </span><span class="pp-class-182 pa t45369 l7682">Solutions </span><span class="pp-class-182 pa t45369 l45351">Holding </span><span class="pp-class-182 pa t45369 l45352 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">DSV </span><span class="pp-class-182 pa t45371 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45371 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45371 l45259 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><div id="pp-id-8175"><div id="pp-id-7875"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7911"><div id="pp-id-4828"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5397"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5966"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6535"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3 ls226">IMS </span><span class="pp-class-182 pa t45373 l45552">Holdings </span><span class="pp-class-182 pa t45373 l45553 ls1728">BV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8177"><div id="pp-id-7305"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7596"><div id="pp-id-4829"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5398"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5967"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6536"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3">DSV </span><span class="pp-class-182 pa t45374 l7682">Solutions </span><span class="pp-class-182 pa t45374 l45351 ls59">(Moerdijk) </span><span class="pp-class-182 pa t45374 l45554 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8009"><div id="pp-id-7306"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7597"><div id="pp-id-4830"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5399"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5968"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6537"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45377 l45306">Nederland </span><span class="pp-class-182 pa t45377 l45555 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><div id="pp-id-8180"><div id="pp-id-4655"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6995"><div class="pp-class-189" id="pp-id-4831"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5400"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5969"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6538"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45379 l45306 ls6801">Transport </span><span class="pp-class-182 pa t45379 l45556 ls2432">Groep </span><span class="pp-class-182 pa t45379 l45557 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3">DSV </span><span class="pp-class-182 pa t45382 l7682 ls107">Road </span><span class="pp-class-182 pa t45382 l45253">Holding </span><span class="pp-class-182 pa t45382 l45291 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8022"><div id="pp-id-7308"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7599"><div id="pp-id-4833"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5402"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5971"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6540"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3">DSV </span><span class="pp-class-182 pa t45385 l7682 ls107">Road </span><span class="pp-class-182 pa t45385 l45253 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><div id="pp-id-8027"><div id="pp-id-7309"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7600"><div id="pp-id-4834"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5403"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5972"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6541"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3 ls1122">Salfetsin </span><span class="pp-class-182 pa t45389 l45558 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8181"><div id="pp-id-7310"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7601"><div id="pp-id-4835"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5404"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5973"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6542"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3">DSV </span><span class="pp-class-182 pa t45390 l7682 ls2236">ROAD </span><span class="pp-class-182 pa t45390 l45559">DOOEL </span><span class="pp-class-182 pa t45390 l45560 ls164">Skopje</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45561 ls3593">North </span><span class="pp-class-182 pa t45390 l45562 ls180">Macedonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8184"><div id="pp-id-7311"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7602"><div id="pp-id-4836"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5405"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5974"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6543"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3">SCHENKER </span><span class="pp-class-182 pa t45392 l45255">DOOEL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45561 ls3593">North </span><span class="pp-class-182 pa t45392 l45562 ls180">Macedonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8188"><div id="pp-id-4656"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6996"><div class="pp-class-189" id="pp-id-4837"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5406"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5975"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6544"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3">DSV </span><span class="pp-class-182 pa t45396 l7682">Air </span><span class="pp-class-182 pa t45396 l45249">&amp; </span><span class="pp-class-182 pa t45396 l45250 ls226">Sea </span><span class="pp-class-182 pa t45396 l45251">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8189"><div id="pp-id-7076"><div class="pp-class-189" id="pp-id-4838"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5407"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5976"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6545"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45397 l45261">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45247">100.0%</span></p></div><div><div id="pp-id-8190"><div id="pp-id-7077"><div class="pp-class-189" id="pp-id-4839"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5408"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5977"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6546"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l3">GIL </span><span class="pp-class-182 pa t45399 l45522 ls2103">Norway </span><span class="pp-class-182 pa t45399 l45564">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45247">100.0%</span></p></div><div><div id="pp-id-8191"><div id="pp-id-7078"><div class="pp-class-189" id="pp-id-4840"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5409"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5978"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6547"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l3">DSV </span><span class="pp-class-182 pa t45400 l7682">Solutions </span><span class="pp-class-182 pa t45400 l45351">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45247">100.0%</span></p></div><div><div id="pp-id-8045"><div id="pp-id-7312"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7603"><div id="pp-id-4841"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5410"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5979"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6548"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l3">DSV </span><span class="pp-class-182 pa t45565 l7682 ls107">Road </span><span class="pp-class-182 pa t45565 l45253">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45247">100.0%</span></p></div><div><div id="pp-id-8192"><div id="pp-id-7313"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7604"><div id="pp-id-4842"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5411"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5980"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6549"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l3">DSV </span><span class="pp-class-182 pa t45566 l7682">Global </span><span class="pp-class-182 pa t45566 l45567 ls394">Business </span><span class="pp-class-182 pa t45566 l45568 ls3185">Services </span><span class="pp-class-182 pa t45566 l45569">Sp. </span><span class="pp-class-182 pa t45566 l45570">z </span><span class="pp-class-182 pa t45566 l45571">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45247">100.0%</span></p></div><div><div id="pp-id-8195"><div id="pp-id-7314"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7605"><div id="pp-id-4843"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5412"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5981"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6550"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l3">DSV </span><span class="pp-class-182 pa t45573 l7682 ls6634">Real </span><span class="pp-class-182 pa t45573 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45573 l45298 ls1402">Warsaw </span><span class="pp-class-182 pa t45573 l45574">II </span><span class="pp-class-182 pa t45573 l45575">Sp. </span><span class="pp-class-182 pa t45573 l45576">z </span><span class="pp-class-182 pa t45573 l45577">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45247">100.0%</span></p></div><div><div id="pp-id-8198"><div id="pp-id-7315"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7606"><div id="pp-id-4844"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5413"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5982"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6551"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8242" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306 ls1674">Technology </span><span class="pp-class-182 pa t45198 l45578 ls218">Center </span><span class="pp-class-182 pa t45198 l45579 ls614">(Warsaw) </span><span class="pp-class-182 pa t45234 l3">sp. </span><span class="pp-class-182 pa t45234 l45580">z </span><span class="pp-class-182 pa t45234 l45581">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8204"><div id="pp-id-7079"><div class="pp-class-189" id="pp-id-4846"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5415"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5984"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6553"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8208"><div id="pp-id-7317"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7608"><div id="pp-id-4849"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5418"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5987"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6556"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8075"><div id="pp-id-7319"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7610"><div id="pp-id-4851"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5420"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5989"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6558"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8212"><div id="pp-id-4657"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6997"><div class="pp-class-189" id="pp-id-4852"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5421"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5990"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6559"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7974"><div id="pp-id-7316"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7607"><div id="pp-id-4845"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5414"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5983"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6552"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8226"><div id="pp-id-8224"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFYAAAAaCAYAAAAtzKvgAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAV0lEQVRoQ+3QsQ0AIRDAsOf33/kYAQmRzq5TZc3Mx3v/KeCOsRFjI8ZGjI0YGzE2YmzE2IixEWMjxkaMjRgbMTZibMTYiLERYyPGRoyNGBsxNmJsxNjIBmdKAzEP7BwHAAAAAElFTkSuQmCC"/></div><div id="pp-id-8225"><div id="pp-id-4859"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5428"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5997"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6566"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l3">DSV </span><span class="pp-class-182 pa t45582 l7682">Air </span><span class="pp-class-182 pa t45582 l45249">&amp; </span><span class="pp-class-182 pa t45582 l45250 ls226">Sea </span><span class="pp-class-182 pa t45582 l45251">Sp. </span><span class="pp-class-182 pa t45582 l45583">z </span><span class="pp-class-182 pa t45582 l45584">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45487 l45261 ls3962">Polska </span><span class="pp-class-182 pa t45487 l45585">Sp. </span><span class="pp-class-182 pa t45487 l45586">z </span><span class="pp-class-182 pa t45487 l45587">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l45247">100.0%</span></p></div><div><div id="pp-id-8205"><div id="pp-id-7080"><div class="pp-class-189" id="pp-id-4847"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5416"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5985"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6554"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682">Air </span><span class="pp-class-182 pa t45490 l45249">&amp; </span><span class="pp-class-182 pa t45490 l45250 ls226">Sea </span><span class="pp-class-182 pa t45490 l45251 ls1418">Poland </span><span class="pp-class-182 pa t45490 l45588">Sp. </span><span class="pp-class-182 pa t45490 l45589">z </span><span class="pp-class-182 pa t45490 l45590">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><div id="pp-id-8206"><div id="pp-id-7081"><div class="pp-class-189" id="pp-id-4848"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5417"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5986"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6555"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3">DSV </span><span class="pp-class-182 pa t45422 l7682 ls3185">Services </span><span class="pp-class-182 pa t45422 l45447">Sp. </span><span class="pp-class-182 pa t45422 l45591">z </span><span class="pp-class-182 pa t45422 l25451">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3">DSV </span><span class="pp-class-182 pa t45424 l7682 ls6634">Real </span><span class="pp-class-182 pa t45424 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45424 l45298 ls187">Lodz </span><span class="pp-class-182 pa t45424 l45592">Sp. </span><span class="pp-class-182 pa t45424 l45593">z </span><span class="pp-class-182 pa t45424 l45594">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8072"><div id="pp-id-7318"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7609"><div id="pp-id-4850"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5419"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5988"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6557"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3">DSV </span><span class="pp-class-182 pa t45427 l7682 ls107">Road </span><span class="pp-class-182 pa t45427 l45253">Sp. </span><span class="pp-class-182 pa t45427 l45595">z </span><span class="pp-class-182 pa t45427 l45596">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45597 l45306">Sp. </span><span class="pp-class-182 pa t45597 l24201">z </span><span class="pp-class-182 pa t45597 l19203">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l45304">99.7%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l3">DSV </span><span class="pp-class-182 pa t45310 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45310 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45310 l45259">Sp. </span><span class="pp-class-182 pa t45310 l45598">z </span><span class="pp-class-182 pa t45310 l45599">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45247">100.0%</span></p></div><div><div id="pp-id-8214"><div id="pp-id-7320"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7611"><div id="pp-id-4853"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5422"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5991"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6560"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3">DSV </span><span class="pp-class-182 pa t45312 l7682 ls2432">Group </span><span class="pp-class-182 pa t45312 l4342 ls3185">Services </span><span class="pp-class-182 pa t45312 l45332 ls205">Unipessoal, </span><span class="pp-class-182 pa t45312 l45600 ls1528">Lda</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45247">100.0%</span></p></div><div><div id="pp-id-8216"><div id="pp-id-7321"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7612"><div id="pp-id-4854"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5423"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5992"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6561"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3">DSV </span><span class="pp-class-182 pa t45314 l7682">Air </span><span class="pp-class-182 pa t45314 l45249">&amp; </span><span class="pp-class-182 pa t45314 l45250 ls226">Sea </span><span class="pp-class-182 pa t45314 l45251 ls1683">Portugal, </span><span class="pp-class-182 pa t45314 l1025 ls5508">LDA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><div id="pp-id-8217"><div id="pp-id-7082"><div class="pp-class-189" id="pp-id-4855"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5424"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5993"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6562"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3">DSV </span><span class="pp-class-182 pa t45315 l7682">Solutions, </span><span class="pp-class-182 pa t45315 l45602 ls164">Lda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-8219"><div id="pp-id-7322"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7613"><div id="pp-id-4856"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5425"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5994"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6563"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">DSV </span><span class="pp-class-182 pa t45316 l7682">SGPS, </span><span class="pp-class-182 pa t45316 l45603 ls164">Lda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><div id="pp-id-8220"><div id="pp-id-7323"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7614"><div id="pp-id-4857"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5426"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5995"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6564"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45319 l45306 ls5048">Transitarios, </span><span class="pp-class-182 pa t45319 l34217 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-8222"><div id="pp-id-4658"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6998"><div class="pp-class-189" id="pp-id-4858"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5427"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5996"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6565"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682 ls5048">Transitarios, </span><span class="pp-class-182 pa t45322 l45604 ls164">Lda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l3">DSV </span><span class="pp-class-182 pa t45325 l7682">Global </span><span class="pp-class-182 pa t45325 l45567 ls394">Business </span><span class="pp-class-182 pa t45325 l45568 ls3185">Services </span><span class="pp-class-182 pa t45325 l45569 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45247">100.0%</span></p></div><div><div id="pp-id-7944"><div id="pp-id-7324"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7615"><div id="pp-id-4860"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5429"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5998"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6567"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l3">DSV </span><span class="pp-class-182 pa t45326 l7682">Air </span><span class="pp-class-182 pa t45326 l45249">&amp; </span><span class="pp-class-182 pa t45326 l45250 ls226">Sea </span><span class="pp-class-182 pa t45326 l45251">SRL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45247">100.0%</span></p></div><div><div id="pp-id-8227"><div id="pp-id-7083"><div class="pp-class-189" id="pp-id-4861"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5430"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5999"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6568"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l3">DSV </span><span class="pp-class-182 pa t45327 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45327 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45327 l45259 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45247">100.0%</span></p></div><div><div id="pp-id-8229"><div id="pp-id-7325"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7616"><div id="pp-id-4862"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5431"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6000"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6569"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l3">DSV </span><span class="pp-class-182 pa t45329 l7682 ls107">Road </span><span class="pp-class-182 pa t45329 l45253 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45247">100.0%</span></p></div><div><div id="pp-id-7950"><div id="pp-id-7326"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7617"><div id="pp-id-4863"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5432"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6001"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6570"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45331 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45331 l45550 ls704">Romania </span><span class="pp-class-182 pa t45331 l45606 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45304">99.5%</span></p></div><div><div id="pp-id-8230"><div id="pp-id-4659"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6999"><div class="pp-class-189" id="pp-id-4864"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5433"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6002"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6571"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l3">DSV </span><span class="pp-class-182 pa t45333 l7682 ls107">Road </span><span class="pp-class-182 pa t45333 l45253">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45607">Serbia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45247">100.0%</span></p></div><div><div id="pp-id-7954"><div id="pp-id-7327"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7618"><div id="pp-id-4865"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5434"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6003"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6572"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l3">SCHENKER </span><span class="pp-class-182 pa t45335 l45255">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45607">Serbia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45247">100.0%</span></p></div><div><div id="pp-id-8231"><div id="pp-id-4660"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7000"><div class="pp-class-189" id="pp-id-4866"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5435"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6004"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6573"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l3">DSV </span><span class="pp-class-182 pa t45339 l7682">Solutions </span><span class="pp-class-182 pa t45339 l45351 ls394">Slovakia </span><span class="pp-class-182 pa t45339 l45608">s. </span><span class="pp-class-182 pa t45339 l45609 ls1176">r. </span><span class="pp-class-182 pa t45339 l45610">o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45611 ls455">Slovakia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45247">100.0%</span></p></div><div><div id="pp-id-8232"><div id="pp-id-7328"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7619"><div id="pp-id-4867"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5436"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6005"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6574"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l3">DSV </span><span class="pp-class-182 pa t45341 l7682">Air </span><span class="pp-class-182 pa t45341 l45249">&amp; </span><span class="pp-class-182 pa t45341 l45250 ls226">Sea </span><span class="pp-class-182 pa t45341 l45251 ls394">Slovakia </span><span class="pp-class-182 pa t45341 l45612 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45611 ls455">Slovakia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45247">100.0%</span></p></div><div><div id="pp-id-8233"><div id="pp-id-7084"><div class="pp-class-189" id="pp-id-4868"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5437"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6006"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6575"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l3">SCHENKER </span><span class="pp-class-182 pa t45342 l45255 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45611 ls455">Slovakia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45247">100.0%</span></p></div><div><div id="pp-id-8235"><div id="pp-id-4661"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7001"><div class="pp-class-189" id="pp-id-4869"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5438"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6007"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6576"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l3">DSV </span><span class="pp-class-182 pa t45345 l7682 ls205">Slovakia, </span><span class="pp-class-182 pa t45345 l45613 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45611 ls455">Slovakia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45247">100.0%</span></p></div><div><div id="pp-id-8238"><div id="pp-id-7329"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7620"><div id="pp-id-4870"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5439"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6008"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6577"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3">DSV </span><span class="pp-class-182 pa t45348 l7682">Air </span><span class="pp-class-182 pa t45348 l45249">&amp; </span><span class="pp-class-182 pa t45348 l45250 ls226">Sea </span><span class="pp-class-182 pa t45348 l45251">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l6934 ls455">Slovenia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-7963"><div id="pp-id-7085"><div class="pp-class-189" id="pp-id-4871"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5440"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6009"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6578"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3">DSV </span><span class="pp-class-182 pa t45350 l7682 ls6801">Transport </span><span class="pp-class-182 pa t45350 l14131">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l6934 ls455">Slovenia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-8240"><div id="pp-id-7876"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7912"><div id="pp-id-4872"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5441"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6010"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6579"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45353 l45614 ls2500">d.d.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l6934 ls455">Slovenia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45247">100.0%</span></p></div><div><div id="pp-id-8241"><div id="pp-id-4662"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7002"><div class="pp-class-189" id="pp-id-4873"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5442"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6011"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6580"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8261" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls13638">Tacisa </span><span class="pp-class-182 pa t45198 l45615 ls2672">Transitaria </span><span class="pp-class-182 pa t45198 l45616 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8066"><div id="pp-id-7086"><div class="pp-class-189" id="pp-id-4874"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5443"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6012"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6581"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7820"><div id="pp-id-7330"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7621"><div id="pp-id-4876"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5445"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6014"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6583"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7845"><div id="pp-id-7332"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7623"><div id="pp-id-4879"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5448"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6017"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6586"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8256"><div id="pp-id-7877"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7913"><div id="pp-id-4889"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5458"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6027"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6596"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8249"><div id="pp-id-7334"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7625"><div id="pp-id-4882"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5451"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6020"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6589"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls93">International, </span><span class="pp-class-182 pa t45292 l45618 ls15905">S.L.U.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7225"><div id="pp-id-7087"><div class="pp-class-189" id="pp-id-4875"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5444"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6013"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6582"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682">Solutions </span><span class="pp-class-182 pa t45294 l45351">Spain </span><span class="pp-class-182 pa t45294 l45619 ls4148">S.A.U.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls70">Servicios </span><span class="pp-class-182 pa t45295 l45620 ls3681">Logisticos </span><span class="pp-class-182 pa t45295 l45621 ls228">Integrados </span><span class="pp-class-182 pa t45295 l45622 ls1528">SLI, </span><span class="pp-class-182 pa t45295 l45623 ls4270">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-8167"><div id="pp-id-7088"><div class="pp-class-189" id="pp-id-4877"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5446"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6015"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6584"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls2390">REAL </span><span class="pp-class-182 pa t45297 l45624 ls2818">ESTATE </span><span class="pp-class-182 pa t45297 l45625 ls45626">LA </span><span class="pp-class-182 pa t45297 l23287">BISBAL </span><span class="pp-class-182 pa t45297 l32460 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7836"><div id="pp-id-7331"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7622"><div id="pp-id-4878"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5447"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6016"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6585"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3">DSV </span><span class="pp-class-182 pa t45300 l7682 ls107">Road </span><span class="pp-class-182 pa t45300 l45253">Spain </span><span class="pp-class-182 pa t45300 l45627 ls4148">S.A.U.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">DSV </span><span class="pp-class-182 pa t45301 l7682">Holding </span><span class="pp-class-182 pa t45301 l45416">Spain </span><span class="pp-class-182 pa t45301 l45628 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-7850"><div id="pp-id-7333"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7624"><div id="pp-id-4880"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5449"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6018"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6587"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682">Air </span><span class="pp-class-182 pa t45305 l45249">&amp; </span><span class="pp-class-182 pa t45305 l45250 ls158">Sea, </span><span class="pp-class-182 pa t45305 l45629 ls4148">S.A.U.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-8244"><div id="pp-id-7089"><div class="pp-class-189" id="pp-id-4881"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5450"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6019"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6588"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">DSV </span><span class="pp-class-182 pa t45307 l7682 ls107">Road </span><span class="pp-class-182 pa t45307 l45253">AB </span><span class="pp-class-182 pa t45307 l45630">- </span><span class="pp-class-182 pa t45307 l45631 ls1595">Energy </span><span class="pp-class-182 pa t45307 l45632 ls147">branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">DSV </span><span class="pp-class-182 pa t45366 l7682">Air </span><span class="pp-class-182 pa t45366 l45249">&amp; </span><span class="pp-class-182 pa t45366 l45250 ls226">Sea </span><span class="pp-class-182 pa t45366 l45251">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-7997"><div id="pp-id-7090"><div class="pp-class-189" id="pp-id-4883"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5452"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6021"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6590"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3">DSV </span><span class="pp-class-182 pa t45368 l7682">Air </span><span class="pp-class-182 pa t45368 l45249">&amp; </span><span class="pp-class-182 pa t45368 l45250 ls226">Sea </span><span class="pp-class-182 pa t45368 l45251 ls1418">Nordic </span><span class="pp-class-182 pa t45368 l45634">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><div id="pp-id-8252"><div id="pp-id-7091"><div class="pp-class-189" id="pp-id-4884"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5453"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6022"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6591"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3 ls3593">Agility </span><span class="pp-class-182 pa t45369 l45539">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><div id="pp-id-8254"><div id="pp-id-7092"><div class="pp-class-189" id="pp-id-4885"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5454"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6023"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6592"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">DSV </span><span class="pp-class-182 pa t45371 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45371 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45371 l45259">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><div id="pp-id-8006"><div id="pp-id-7335"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7626"><div id="pp-id-4886"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5455"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6024"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6593"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45373 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45373 l45550">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8178"><div id="pp-id-7336"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7627"><div id="pp-id-4887"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5456"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6025"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6594"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3">DSV </span><span class="pp-class-182 pa t45374 l7682 ls2432">Group </span><span class="pp-class-182 pa t45374 l4342">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8010"><div id="pp-id-7337"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7628"><div id="pp-id-4888"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5457"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6026"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6595"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3">DSV </span><span class="pp-class-182 pa t45377 l7682 ls107">Road </span><span class="pp-class-182 pa t45377 l45253">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45379 l45306 ls1761">Property </span><span class="pp-class-182 pa t45379 l45635 ls267">Sweden </span><span class="pp-class-182 pa t45379 l45636">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><div id="pp-id-8018"><div id="pp-id-7338"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7629"><div id="pp-id-4890"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5459"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6028"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6597"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45382 l45306 ls6801">Transport </span><span class="pp-class-182 pa t45382 l45556 ls457">Aktiebolag</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8023"><div id="pp-id-7339"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7630"><div id="pp-id-4891"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5460"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6029"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6598"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45385 l45306 ls239">Filen </span><span class="pp-class-182 pa t45385 l45637">8 </span><span class="pp-class-182 pa t45385 l45638 ls457">Aktiebolag</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><div id="pp-id-8028"><div id="pp-id-7340"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7631"><div id="pp-id-4892"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5461"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6030"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6599"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3 ls856">Langtradaren </span><span class="pp-class-182 pa t45389 l45639">i </span><span class="pp-class-182 pa t45389 l45640">Jämtland </span><span class="pp-class-182 pa t45389 l45641">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8182"><div id="pp-id-7341"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7632"><div id="pp-id-4893"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5462"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6031"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6600"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3 ls2870">Trafikaktiebolaget </span><span class="pp-class-182 pa t45390 l45642">NP </span><span class="pp-class-182 pa t45390 l45643 ls2061">Kagström</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8185"><div id="pp-id-7342"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7633"><div id="pp-id-4894"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5463"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6032"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6601"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3 ls75">Fastighets </span><span class="pp-class-182 pa t45392 l36622 ls1881">Aktiebolaget </span><span class="pp-class-182 pa t45392 l45644">Orbyn</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8257"><div id="pp-id-7343"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7634"><div id="pp-id-4895"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5464"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6033"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6602"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3">KB </span><span class="pp-class-182 pa t45396 l45645 ls856">Langtradaren </span><span class="pp-class-182 pa t45396 l45646">2 </span><span class="pp-class-182 pa t45396 l45647">Borlänge</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8035"><div id="pp-id-7344"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7635"><div id="pp-id-4896"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5465"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6034"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6603"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l3">KB </span><span class="pp-class-182 pa t45397 l45645">Sörby </span><span class="pp-class-182 pa t45397 l45648">24:3 </span><span class="pp-class-182 pa t45397 l45649">-Gävle</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45247">100.0%</span></p></div><div><div id="pp-id-8039"><div id="pp-id-7345"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7636"><div id="pp-id-4897"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5466"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6035"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6604"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l3">KB </span><span class="pp-class-182 pa t45399 l45645 ls1129">Ättehögen </span><span class="pp-class-182 pa t45399 l45650 ls1021">Östra </span><span class="pp-class-182 pa t45399 l45651">1 </span><span class="pp-class-182 pa t45399 l45652 ls117">-Helsingborg</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45247">100.0%</span></p></div><div><div id="pp-id-8042"><div id="pp-id-7346"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7637"><div id="pp-id-4898"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5467"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6036"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6605"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l3">KB </span><span class="pp-class-182 pa t45400 l45645 ls7509">Transporten </span><span class="pp-class-182 pa t45400 l45653">1 </span><span class="pp-class-182 pa t45400 l45654 ls59">-Hultsfred</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45247">100.0%</span></p></div><div><div id="pp-id-8046"><div id="pp-id-7347"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7638"><div id="pp-id-4899"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5468"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6037"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6606"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l3">KB </span><span class="pp-class-182 pa t45565 l45645 ls218">Bleket </span><span class="pp-class-182 pa t45565 l45655">1 </span><span class="pp-class-182 pa t45565 l45656 ls1849">-Karlstad</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45247">100.0%</span></p></div><div><div id="pp-id-8193"><div id="pp-id-7348"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7639"><div id="pp-id-4900"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5469"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6038"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6607"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l3">KB </span><span class="pp-class-182 pa t45566 l45645 ls1849">Önnestad </span><span class="pp-class-182 pa t45566 l45657">108:4 </span><span class="pp-class-182 pa t45566 l45658 ls923">-Kristianstad</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45247">100.0%</span></p></div><div><div id="pp-id-8196"><div id="pp-id-7349"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7640"><div id="pp-id-4901"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5470"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6039"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6608"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l3">KB </span><span class="pp-class-182 pa t45573 l45645 ls394">Maskinen </span><span class="pp-class-182 pa t45573 l45659">3 </span><span class="pp-class-182 pa t45573 l45660 ls1683">-Linköping</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45247">100.0%</span></p></div><div><div id="pp-id-8199"><div id="pp-id-7350"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7641"><div id="pp-id-4902"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5471"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6040"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6609"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l3">KB </span><span class="pp-class-182 pa t45661 l45645 ls59">Storheden </span><span class="pp-class-182 pa t45661 l45662">1:8 </span><span class="pp-class-182 pa t45661 l29087 ls1683">-Lulea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l45247">100.0%</span></p></div><div><div id="pp-id-8259"><div id="pp-id-7351"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7642"><div id="pp-id-4903"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5472"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6041"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6610"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8263" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">KB </span><span class="pp-class-182 pa t45198 l45645 ls205">Benkammen </span><span class="pp-class-182 pa t45198 l45663">12 </span><span class="pp-class-182 pa t45198 l45664 ls239">-Malmö</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8047"><div class="pp-class-189" id="pp-id-7376"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7667"><div class="pp-class-189" id="pp-id-4929"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5498"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6067"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6636"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7975"><div id="pp-id-7352"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7643"><div id="pp-id-4904"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5473"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6042"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6611"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8176"><div id="pp-id-7878"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7914"><div id="pp-id-4916"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5485"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6054"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6623"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8197"><div id="pp-id-7378"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7669"><div id="pp-id-4931"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5500"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6069"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6638"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">KB </span><span class="pp-class-182 pa t45292 l45645 ls1122">Norränget </span><span class="pp-class-182 pa t45292 l45665">62 </span><span class="pp-class-182 pa t45292 l45666 ls455">Hudiksvall</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7985"><div id="pp-id-7353"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7644"><div id="pp-id-4905"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5474"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6043"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6612"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">KB </span><span class="pp-class-182 pa t45294 l45645 ls154">Lertaget </span><span class="pp-class-182 pa t45294 l45667">1, </span><span class="pp-class-182 pa t45294 l45330 ls702">Skara</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7821"><div id="pp-id-7354"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7645"><div id="pp-id-4906"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5475"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6044"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6613"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">KB </span><span class="pp-class-182 pa t45295 l45645 ls461">Vivstamon </span><span class="pp-class-182 pa t45295 l45668">1:13 </span><span class="pp-class-182 pa t45295 l45669 ls265">-Timra</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-7828"><div id="pp-id-7355"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7646"><div id="pp-id-4907"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5476"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6045"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6614"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">KB </span><span class="pp-class-182 pa t45297 l45645">Baggböle </span><span class="pp-class-182 pa t45297 l45381">2:35 </span><span class="pp-class-182 pa t45297 l45670 ls158">-Umea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7837"><div id="pp-id-7356"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7647"><div id="pp-id-4908"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5477"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6046"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6615"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3">KB </span><span class="pp-class-182 pa t45300 l45645 ls2672">Transportören </span><span class="pp-class-182 pa t45300 l45671">1 </span><span class="pp-class-182 pa t45300 l45672 ls54">-Värnamo</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><div id="pp-id-7846"><div id="pp-id-7357"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7648"><div id="pp-id-4909"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5478"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6047"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6616"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">KB </span><span class="pp-class-182 pa t45301 l45645 ls853">Köpmannen </span><span class="pp-class-182 pa t45301 l45673">10 </span><span class="pp-class-182 pa t45301 l45674 ls1174">-Västerås</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-7851"><div id="pp-id-7358"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7649"><div id="pp-id-4910"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5479"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6048"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6617"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">KB </span><span class="pp-class-182 pa t45305 l45645 ls921">Pantern </span><span class="pp-class-182 pa t45305 l31906">1 </span><span class="pp-class-182 pa t45305 l45675 ls2282">-Växjö</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-7994"><div id="pp-id-7359"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7650"><div id="pp-id-4911"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5480"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6049"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6618"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">KB </span><span class="pp-class-182 pa t45307 l45645 ls1122">Distributören </span><span class="pp-class-182 pa t45307 l45676">3 </span><span class="pp-class-182 pa t45307 l45677">och </span><span class="pp-class-182 pa t45307 l3841">4 </span><span class="pp-class-182 pa t45307 l45678 ls2688">-Örebro</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-8250"><div id="pp-id-7360"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7651"><div id="pp-id-4912"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5481"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6050"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6619"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">KB </span><span class="pp-class-182 pa t45366 l45645 ls3962">Överön </span><span class="pp-class-182 pa t45366 l45679">1:66 </span><span class="pp-class-182 pa t45366 l45680 ls1849">-Örnsköldsvik</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-8262"><div id="pp-id-7361"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7652"><div id="pp-id-4913"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5482"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6051"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6620"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3">KB </span><span class="pp-class-182 pa t45368 l45645 ls149">Vindtrycket </span><span class="pp-class-182 pa t45368 l45681">1 </span><span class="pp-class-182 pa t45368 l45682 ls147">-Borås</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><div id="pp-id-8001"><div id="pp-id-7362"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7653"><div id="pp-id-4914"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5483"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6052"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6621"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3">KB </span><span class="pp-class-182 pa t45369 l45645 ls239">Backa </span><span class="pp-class-182 pa t45369 l45683">107:3</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><div id="pp-id-8004"><div id="pp-id-7363"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7654"><div id="pp-id-4915"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5484"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6053"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6622"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">KB </span><span class="pp-class-182 pa t45371 l45645">Ädelgasen </span><span class="pp-class-182 pa t45371 l45684">1 </span><span class="pp-class-182 pa t45371 l45685 ls1683">-Jönköping</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3">KB </span><span class="pp-class-182 pa t45373 l45645">Älghunden </span><span class="pp-class-182 pa t45373 l45686 ls1849">Jönköping</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8179"><div id="pp-id-7364"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7655"><div id="pp-id-4917"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5486"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6055"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6624"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3">KB </span><span class="pp-class-182 pa t45374 l45645 ls239">Malmö </span><span class="pp-class-182 pa t45374 l45687">Hamnen </span><span class="pp-class-182 pa t45374 l45688">22 </span><span class="pp-class-182 pa t45374 l45689 ls158">Malmö</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8011"><div id="pp-id-7365"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7656"><div id="pp-id-4918"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5487"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6056"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6625"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3">KB </span><span class="pp-class-182 pa t45377 l45645 ls1683">Forsmark </span><span class="pp-class-182 pa t45377 l45690">5 </span><span class="pp-class-182 pa t45377 l45691 ls946">Stockholm</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><div id="pp-id-8014"><div id="pp-id-7366"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7657"><div id="pp-id-4919"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5488"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6057"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6626"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3">KB </span><span class="pp-class-182 pa t45379 l45645 ls48">Arbetsbasen </span><span class="pp-class-182 pa t45379 l45692">4 </span><span class="pp-class-182 pa t45379 l45693 ls59">-Stockholm</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><div id="pp-id-8019"><div id="pp-id-7367"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7658"><div id="pp-id-4920"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5489"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6058"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6627"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3">KB </span><span class="pp-class-182 pa t45382 l45645 ls1683">Forsmark </span><span class="pp-class-182 pa t45382 l45690">3 </span><span class="pp-class-182 pa t45382 l45691 ls59">-Stockholm</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8024"><div id="pp-id-7368"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7659"><div id="pp-id-4921"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5490"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6059"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6628"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3">KB </span><span class="pp-class-182 pa t45385 l45645 ls1683">Forsmark </span><span class="pp-class-182 pa t45385 l45690">2 </span><span class="pp-class-182 pa t45385 l45691 ls59">-Stockholm</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><div id="pp-id-8029"><div id="pp-id-7369"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7660"><div id="pp-id-4922"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5491"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6060"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6629"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3">KB </span><span class="pp-class-182 pa t45389 l45645 ls7427">Tveta-Valsta </span><span class="pp-class-182 pa t45389 l45694">4:5 </span><span class="pp-class-182 pa t45389 l45695">Södertälje</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8183"><div id="pp-id-7370"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7661"><div id="pp-id-4923"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5492"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6061"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6630"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3">KB </span><span class="pp-class-182 pa t45390 l45645 ls1452">Frysen </span><span class="pp-class-182 pa t45390 l45696">1 </span><span class="pp-class-182 pa t45390 l45697">Visby</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8186"><div id="pp-id-7371"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7662"><div id="pp-id-4924"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5493"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6062"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6631"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3">KB </span><span class="pp-class-182 pa t45392 l45645 ls394">Fryshuset </span><span class="pp-class-182 pa t45392 l45698">3-Visby</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8258"><div id="pp-id-7372"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7663"><div id="pp-id-4925"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5494"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6063"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6632"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3 ls2061">Fullerö </span><span class="pp-class-182 pa t45396 l45699">67:2 </span><span class="pp-class-182 pa t45396 l45700">Uppsala </span><span class="pp-class-182 pa t45396 l45701 ls457">Aktiebolag</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8036"><div id="pp-id-7373"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7664"><div id="pp-id-4926"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5495"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6064"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6633"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l3">Göinge </span><span class="pp-class-182 pa t45397 l45702 ls2061">Frakt </span><span class="pp-class-182 pa t45397 l45703">EK</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45247">100.0%</span></p></div><div><div id="pp-id-8040"><div id="pp-id-7374"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7665"><div id="pp-id-4927"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5496"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6065"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6634"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l3">DSV </span><span class="pp-class-182 pa t45399 l7682 ls107">Road </span><span class="pp-class-182 pa t45399 l45253 ls1761">Property </span><span class="pp-class-182 pa t45399 l45704">Holding </span><span class="pp-class-182 pa t45399 l45705">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45247">100.0%</span></p></div><div><div id="pp-id-8043"><div id="pp-id-7375"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7666"><div id="pp-id-4928"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5497"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6066"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6635"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45400 l45306">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45565 l45306 ls48">Equipment </span><span class="pp-class-182 pa t45565 l45706">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45247">100.0%</span></p></div><div><div id="pp-id-8194"><div id="pp-id-7377"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7668"><div id="pp-id-4930"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5499"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6068"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6637"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45566 l45306 ls226">Consulting </span><span class="pp-class-182 pa t45566 l45707">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l3 ls6341">Schenker </span><span class="pp-class-182 pa t45573 l45442 ls2259">Dedicated </span><span class="pp-class-182 pa t45573 l45708 ls6538">Services </span><span class="pp-class-182 pa t45573 l45709 ls28862">Sweden </span><span class="pp-class-182 pa t45573 l45710 ls3187">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45247">100.0%</span></p></div><div><div id="pp-id-8200"><div id="pp-id-7379"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7670"><div id="pp-id-4932"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5501"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6070"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6639"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45661 l45614 ls2483">Akeri </span><span class="pp-class-182 pa t45661 l45711 ls2236">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l45247">100.0%</span></p></div><div><div id="pp-id-8260"><div id="pp-id-7380"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7671"><div id="pp-id-4933"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5502"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6071"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6640"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8243" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45714 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">GIL </span><span class="pp-class-182 pa t45198 l45522 ls2476">Switzerland </span><span class="pp-class-182 pa t45198 l45715">4 </span><span class="pp-class-182 pa t45198 l45716 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8264"><div id="pp-id-7093"><div class="pp-class-189" id="pp-id-4938"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5507"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6076"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6645"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8221"><div class="pp-class-189" id="pp-id-7386"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7677"><div class="pp-class-189" id="pp-id-4946"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5515"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6084"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6653"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8274"><div id="pp-id-7388"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7679"><div id="pp-id-4948"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5517"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6086"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6655"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7951"><div id="pp-id-7390"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7681"><div id="pp-id-4952"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5521"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6090"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6659"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7864"><div id="pp-id-7385"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7676"><div id="pp-id-4944"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5513"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6082"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6651"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8267"><div id="pp-id-4663"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7003"><div class="pp-class-189" id="pp-id-4939"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5508"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6077"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6646"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7976"><div id="pp-id-7381"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7672"><div id="pp-id-4934"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5503"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6072"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6641"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45292 l45261 ls147">Welttransport </span><span class="pp-class-182 pa t45292 l45718">Holding </span><span class="pp-class-182 pa t45292 l45719 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7986"><div id="pp-id-7382"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7673"><div id="pp-id-4935"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5504"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6073"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6642"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682 ls3962">Corporate </span><span class="pp-class-182 pa t45294 l45720 ls3185">Services </span><span class="pp-class-182 pa t45294 l45721 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7822"><div id="pp-id-7383"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7674"><div id="pp-id-4936"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5505"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6074"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6643"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45295 l45261 ls149">International </span><span class="pp-class-182 pa t45295 l45722 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-7829"><div id="pp-id-7384"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7675"><div id="pp-id-4937"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5506"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6075"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6644"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682">Air </span><span class="pp-class-182 pa t45297 l45249">&amp; </span><span class="pp-class-182 pa t45297 l45250 ls226">Sea </span><span class="pp-class-182 pa t45297 l45251 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45300 l45306 ls704">Schweiz </span><span class="pp-class-182 pa t45300 l45291 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">DSV </span><span class="pp-class-182 pa t45301 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45301 l45296 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-8269"><div id="pp-id-7879"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7915"><div id="pp-id-4940"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5509"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6078"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6647"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682">Air </span><span class="pp-class-182 pa t45305 l45249">&amp; </span><span class="pp-class-182 pa t45305 l45250 ls226">Sea </span><span class="pp-class-182 pa t45305 l45251 ls45398">A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45723 ls3681">Türkiye</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-8245"><div id="pp-id-7094"><div class="pp-class-189" id="pp-id-4941"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5510"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6079"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6648"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3 ls59">Schenker-Arkas </span><span class="pp-class-182 pa t45307 l45724 ls394">Nakliyat </span><span class="pp-class-182 pa t45307 l45725 ls7162">Ve </span><span class="pp-class-182 pa t45307 l45726 ls3995">Tic. </span><span class="pp-class-182 pa t45307 l45727 ls45398">A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45723 ls3681">Türkiye</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45304">55.0%</span></p></div><div><div id="pp-id-7858"><div id="pp-id-4664"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7004"><div class="pp-class-189" id="pp-id-4942"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5511"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6080"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6649"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">DSV </span><span class="pp-class-182 pa t45366 l7682 ls149">International </span><span class="pp-class-182 pa t45366 l8721 ls158">Hava </span><span class="pp-class-182 pa t45366 l45728 ls1378">ve </span><span class="pp-class-182 pa t45366 l45729">Deniz </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3 ls1536">Taşimaciliği </span><span class="pp-class-182 pa t45312 l45730 ls1528">Ltd.Şirketi</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45723 ls3681">Türkiye</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-7998"><div id="pp-id-7095"><div class="pp-class-189" id="pp-id-4943"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5512"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6081"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6650"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3">DSV </span><span class="pp-class-182 pa t45314 l7682 ls107">Road </span><span class="pp-class-182 pa t45314 l45253">&amp; </span><span class="pp-class-182 pa t45314 l45731">Solutions </span><span class="pp-class-182 pa t45314 l5553 ls45398">A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45723 ls3681">Türkiye</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45315 l45261 ls1866">World </span><span class="pp-class-182 pa t45315 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45315 l45276 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l12442 ls2476">Ukraine</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-8270"><div id="pp-id-7096"><div class="pp-class-189" id="pp-id-4945"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5514"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6083"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6652"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">DSV </span><span class="pp-class-182 pa t45316 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45316 l45296 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l12442 ls2476">Ukraine</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3">DP </span><span class="pp-class-182 pa t45319 l45732 ls704">Schenker</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l12442 ls2476">Ukraine</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-8273"><div class="pp-class-189" id="pp-id-7387"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7678"><div class="pp-class-189" id="pp-id-4947"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5516"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6085"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6654"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682 ls6634">Real </span><span class="pp-class-182 pa t45322 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45322 l45298 ls86">Kyiv </span><span class="pp-class-182 pa t45322 l45733 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l12442 ls2476">Ukraine</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l3">DSV </span><span class="pp-class-182 pa t45325 l7682">GIL </span><span class="pp-class-182 pa t45325 l45494">Holding </span><span class="pp-class-182 pa t45325 l45734 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45735 ls117">United </span><span class="pp-class-182 pa t45325 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45247">100.0%</span></p></div><div><div id="pp-id-7945"><div id="pp-id-7389"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7680"><div id="pp-id-4949"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5518"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6087"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6656"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l3">DSV </span><span class="pp-class-182 pa t45326 l7682">Air </span><span class="pp-class-182 pa t45326 l45249">&amp; </span><span class="pp-class-182 pa t45326 l45250 ls226">Sea </span><span class="pp-class-182 pa t45326 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45735 ls117">United </span><span class="pp-class-182 pa t45326 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45247">100.0%</span></p></div><div><div id="pp-id-8228"><div id="pp-id-7097"><div class="pp-class-189" id="pp-id-4950"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5519"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6088"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6657"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l3">DSV </span><span class="pp-class-182 pa t45327 l7682">GIL </span><span class="pp-class-182 pa t45327 l45494">UK </span><span class="pp-class-182 pa t45327 l45737 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45735 ls117">United </span><span class="pp-class-182 pa t45327 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45247">100.0%</span></p></div><div><div id="pp-id-8277"><div id="pp-id-7098"><div class="pp-class-189" id="pp-id-4951"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5520"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6089"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6658"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l3">DSV </span><span class="pp-class-182 pa t45329 l7682">GIL </span><span class="pp-class-182 pa t45329 l45494 ls75">Fairs </span><span class="pp-class-182 pa t45329 l18860">&amp; </span><span class="pp-class-182 pa t45329 l21408 ls556">Events </span><span class="pp-class-182 pa t45329 l45738 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45735 ls117">United </span><span class="pp-class-182 pa t45329 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l3">DSV </span><span class="pp-class-182 pa t45331 l7682">GIL </span><span class="pp-class-182 pa t45331 l45494 ls1122">Pension </span><span class="pp-class-182 pa t45331 l45739 ls1186">Trustees </span><span class="pp-class-182 pa t45331 l45740 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45735 ls117">United </span><span class="pp-class-182 pa t45331 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45247">100.0%</span></p></div><div><div id="pp-id-8278"><div id="pp-id-7099"><div class="pp-class-189" id="pp-id-4953"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5522"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6091"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6660"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l3">DSV </span><span class="pp-class-182 pa t45333 l7682">Air </span><span class="pp-class-182 pa t45333 l45249">&amp; </span><span class="pp-class-182 pa t45333 l45250 ls226">Sea </span><span class="pp-class-182 pa t45333 l45251">2018 </span><span class="pp-class-182 pa t45333 l45741">(UK) </span><span class="pp-class-182 pa t45333 l45742 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45735 ls117">United </span><span class="pp-class-182 pa t45333 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45247">100.0%</span></p></div><div><div id="pp-id-8279"><div id="pp-id-7100"><div class="pp-class-189" id="pp-id-4954"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5523"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6092"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6661"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l3">DSV </span><span class="pp-class-182 pa t45335 l7682 ls164">Lead </span><span class="pp-class-182 pa t45335 l45743 ls239">Logistics </span><span class="pp-class-182 pa t45335 l45744 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45735 ls117">United </span><span class="pp-class-182 pa t45335 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45247">100.0%</span></p></div><div><div id="pp-id-7956"><div id="pp-id-7391"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7682"><div id="pp-id-4955"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5524"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6093"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6662"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l3">DSV </span><span class="pp-class-182 pa t45339 l7682">GIL </span><span class="pp-class-182 pa t45339 l45494">Solutions </span><span class="pp-class-182 pa t45339 l45745 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45735 ls117">United </span><span class="pp-class-182 pa t45339 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45247">100.0%</span></p></div><div><div id="pp-id-7958"><div id="pp-id-7101"><div class="pp-class-189" id="pp-id-4956"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5525"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6094"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6663"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l3">DSV </span><span class="pp-class-182 pa t45341 l7682">GIL </span><span class="pp-class-182 pa t45341 l45494 ls205">Management </span><span class="pp-class-182 pa t45341 l45746 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45735 ls117">United </span><span class="pp-class-182 pa t45341 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45247">100.0%</span></p></div><div><div id="pp-id-8234"><div id="pp-id-7102"><div class="pp-class-189" id="pp-id-4957"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5526"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6095"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6664"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45342 l45306 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45735 ls117">United </span><span class="pp-class-182 pa t45342 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45247">100.0%</span></p></div><div><div id="pp-id-8236"><div id="pp-id-4665"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7005"><div class="pp-class-189" id="pp-id-4958"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5527"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6096"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6665"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l3">DSV </span><span class="pp-class-182 pa t45345 l7682 ls6634">Real </span><span class="pp-class-182 pa t45345 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45345 l45298 ls1444">Thrapston </span><span class="pp-class-182 pa t45345 l45747 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45735 ls117">United </span><span class="pp-class-182 pa t45345 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45247">100.0%</span></p></div><div><div id="pp-id-8239"><div id="pp-id-7392"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7683"><div id="pp-id-4959"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5528"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6097"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6666"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3">G </span><span class="pp-class-182 pa t45348 l45748">T </span><span class="pp-class-182 pa t45348 l45749 ls1595">Exhibitions </span><span class="pp-class-182 pa t45348 l45750 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45735 ls117">United </span><span class="pp-class-182 pa t45348 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-8280"><div id="pp-id-7393"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7684"><div id="pp-id-4960"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5529"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6098"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6667"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3">DSV </span><span class="pp-class-182 pa t45350 l7682 ls6634">Real </span><span class="pp-class-182 pa t45350 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45350 l45298 ls3962">Mercia </span><span class="pp-class-182 pa t45350 l45751 ls1430">Park </span><span class="pp-class-182 pa t45350 l45752 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45735 ls117">United </span><span class="pp-class-182 pa t45350 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-7966"><div id="pp-id-7394"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7685"><div id="pp-id-4961"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5530"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6099"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6668"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l3">DSV </span><span class="pp-class-182 pa t45353 l7682 ls107">Road </span><span class="pp-class-182 pa t45353 l45253">Holding </span><span class="pp-class-182 pa t45353 l45291 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45735 ls117">United </span><span class="pp-class-182 pa t45353 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45247">100.0%</span></p></div><div><div id="pp-id-7969"><div id="pp-id-7395"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7686"><div id="pp-id-4962"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5531"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6100"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6669"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8301" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45753 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls2476">Commercials </span><span class="pp-class-182 pa t45198 l45754 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45735 ls117">United </span><span class="pp-class-182 pa t45198 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8246"><div id="pp-id-7103"><div class="pp-class-189" id="pp-id-4968"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5537"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6106"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6675"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7830"><div id="pp-id-7398"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7689"><div id="pp-id-4966"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5535"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6104"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6673"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7977"><div id="pp-id-7396"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7687"><div id="pp-id-4963"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5532"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6101"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6670"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8281"><div id="pp-id-7880"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7916"><div id="pp-id-4964"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5533"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6102"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6671"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8284"><div id="pp-id-7400"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7691"><div id="pp-id-4971"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5540"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6109"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6678"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682 ls107">Road </span><span class="pp-class-182 pa t45292 l45253 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45735 ls117">United </span><span class="pp-class-182 pa t45292 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682 ls1122">Pension </span><span class="pp-class-182 pa t45294 l45755 ls1186">Trustees </span><span class="pp-class-182 pa t45294 l45756 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45735 ls117">United </span><span class="pp-class-182 pa t45294 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7823"><div id="pp-id-7397"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7688"><div id="pp-id-4965"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5534"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6103"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6672"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45295 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45295 l45259 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45735 ls117">United </span><span class="pp-class-182 pa t45295 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls6634">Real </span><span class="pp-class-182 pa t45297 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45297 l45298 ls6383">Tamworth </span><span class="pp-class-182 pa t45297 l45757 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45735 ls117">United </span><span class="pp-class-182 pa t45297 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7838"><div id="pp-id-7399"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7690"><div id="pp-id-4967"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5536"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6105"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6674"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t45301 l3 ls455">Americas</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3 ls164">UTi </span><span class="pp-class-182 pa t45305 l45546 ls239">Logistics </span><span class="pp-class-182 pa t45305 l45758 ls59">Argentina </span><span class="pp-class-182 pa t45305 l45759 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l15432 ls946">Argentina</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45760 l3 ls3325">DSV </span><span class="pp-class-182 pa t45760 l45761 ls3325">Air </span><span class="pp-class-182 pa t45760 l45762 ls6554">&amp; </span><span class="pp-class-182 pa t45760 l45763 ls2412">Sea </span><span class="pp-class-182 pa t45760 l22753 ls28776">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45760 l15432 ls946">Argentina</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45760 l45247">100.0%</span></p></div><div><div id="pp-id-8282"><div id="pp-id-7104"><div class="pp-class-189" id="pp-id-4969"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5538"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6107"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6676"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45764 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45764 l45306 ls59">Argentina </span><span class="pp-class-182 pa t45764 l45765 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45764 l15432 ls946">Argentina</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45764 l45247">100.0%</span></p></div><div><div id="pp-id-8283"><div id="pp-id-4666"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7006"><div class="pp-class-189" id="pp-id-4970"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5539"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6108"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6677"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45766 l3 ls455">GeoLogistics </span><span class="pp-class-182 pa t45766 l45767">Holdings </span><span class="pp-class-182 pa t45766 l45768">(Bermuda) </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45769 l3 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45766 l45770">Bermuda</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45766 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45771 l3">DSV </span><span class="pp-class-182 pa t45771 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45771 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45771 l45259 ls2476">Brasil </span><span class="pp-class-182 pa t45771 l45772 ls3185">Serviços </span><span class="pp-class-182 pa t45773 l3">de </span><span class="pp-class-182 pa t45773 l45774 ls1217">Logística </span><span class="pp-class-182 pa t45773 l45775 ls107">Ltda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45771 l45776 ls147">Brazil</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45771 l45247">100.0%</span></p></div><div><div id="pp-id-8285"><div id="pp-id-7401"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7692"><div id="pp-id-4972"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5541"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6110"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6679"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45777 l3">DSV </span><span class="pp-class-182 pa t45777 l7682">Air </span><span class="pp-class-182 pa t45777 l45249">&amp; </span><span class="pp-class-182 pa t45777 l45250 ls226">Sea </span><span class="pp-class-182 pa t45777 l45251 ls2476">Brasil </span><span class="pp-class-182 pa t45777 l45778 ls107">Ltda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45777 l45776 ls147">Brazil</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45777 l45247">100.0%</span></p></div><div><div id="pp-id-8286"><div id="pp-id-7881"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7917"><div class="pp-class-189" id="pp-id-4973"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5542"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6111"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6680"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45779 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45779 l45306">do </span><span class="pp-class-182 pa t45779 l45780 ls2476">Brasil </span><span class="pp-class-182 pa t45779 l45781 ls7509">Transportes </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45782 l3 ls93">Internacionais </span><span class="pp-class-182 pa t45782 l45783 ls107">Ltda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45779 l45776 ls147">Brazil</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45779 l45247">100.0%</span></p></div><div><div id="pp-id-8287"><div id="pp-id-4667"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7007"><div class="pp-class-189" id="pp-id-4974"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5543"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6112"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6681"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45784 l3 ls164">UTi </span><span class="pp-class-182 pa t45784 l45546 ls1740">Worldwide </span><span class="pp-class-182 pa t45784 l24391 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45784 l45785 ls15905">Brit. </span><span class="pp-class-182 pa t45784 l15384 ls1418">Virgin </span><span class="pp-class-182 pa t45784 l45786">Islands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45784 l45247">100.0%</span></p></div><div><div id="pp-id-8288"><div id="pp-id-7402"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7693"><div id="pp-id-4975"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5544"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6113"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6682"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45787 l3 ls164">UTi </span><span class="pp-class-182 pa t45787 l45546 ls239">Logistics </span><span class="pp-class-182 pa t45787 l45758 ls1122">(Proprietary) </span><span class="pp-class-182 pa t45787 l45788 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45787 l45785 ls15905">Brit. </span><span class="pp-class-182 pa t45787 l15384 ls1418">Virgin </span><span class="pp-class-182 pa t45787 l45786">Islands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45787 l45247">100.0%</span></p></div><div><div id="pp-id-8289"><div id="pp-id-7403"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7694"><div id="pp-id-4976"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5545"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6114"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6683"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45789 l3 ls3593">Agility </span><span class="pp-class-182 pa t45789 l45539 ls4015">(Asia/Pacific) </span><span class="pp-class-182 pa t45789 l45790 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45789 l45785 ls15905">Brit. </span><span class="pp-class-182 pa t45789 l15384 ls1418">Virgin </span><span class="pp-class-182 pa t45789 l45786">Islands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45789 l45247">100.0%</span></p></div><div><div id="pp-id-8290"><div id="pp-id-7404"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7695"><div id="pp-id-4977"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5546"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6115"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6684"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45791 l3 ls6357">PWC </span><span class="pp-class-182 pa t45791 l45792 ls8006">Global </span><span class="pp-class-182 pa t45791 l45793 ls1498">Logistics </span><span class="pp-class-182 pa t45791 l45794 ls2688">Holdings </span><span class="pp-class-182 pa t45791 l45795 ls6383">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45791 l45785 ls15905">Brit. </span><span class="pp-class-182 pa t45791 l15384 ls1418">Virgin </span><span class="pp-class-182 pa t45791 l45786">Islands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45791 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8291"><div id="pp-id-7405"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7696"><div id="pp-id-4978"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5547"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6116"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6685"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45797 l3 ls6357">DSV </span><span class="pp-class-182 pa t45797 l45240 ls2500">Air </span><span class="pp-class-182 pa t45797 l45798 ls2236">&amp; </span><span class="pp-class-182 pa t45797 l45799 ls228">Sea </span><span class="pp-class-182 pa t45797 l45800 ls1598">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45797 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45797 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8292"><div id="pp-id-7882"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7918"><div class="pp-class-189" id="pp-id-4979"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5548"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6117"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6686"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45802 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45802 l45614 ls4372">of </span><span class="pp-class-182 pa t45802 l34150 ls2382">Canada </span><span class="pp-class-182 pa t45802 l45803 ls2313">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45802 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45802 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8293"><div id="pp-id-4668"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7008"><div class="pp-class-189" id="pp-id-4980"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5549"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6118"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6687"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45804 l3 ls117">Flinnco </span><span class="pp-class-182 pa t45804 l45805">Shipping </span><span class="pp-class-182 pa t45804 l45806 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45804 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45804 l45247">100.0%</span></p></div><div><div id="pp-id-8294"><div id="pp-id-7105"><div class="pp-class-189" id="pp-id-4981"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5550"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6119"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6688"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45807 l3">DSV </span><span class="pp-class-182 pa t45807 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45807 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45807 l45259 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45807 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45807 l45247">100.0%</span></p></div><div><div id="pp-id-8295"><div id="pp-id-7406"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7697"><div id="pp-id-4982"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5551"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6120"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6689"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45808 l3">DSV </span><span class="pp-class-182 pa t45808 l7682 ls164">Road, </span><span class="pp-class-182 pa t45808 l45809 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45808 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45808 l45247">100.0%</span></p></div><div><div id="pp-id-8296"><div id="pp-id-7407"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7698"><div id="pp-id-4983"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5552"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6121"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6690"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45810 l3">DSV </span><span class="pp-class-182 pa t45810 l7682">Air </span><span class="pp-class-182 pa t45810 l45249">&amp; </span><span class="pp-class-182 pa t45810 l45250 ls226">Sea </span><span class="pp-class-182 pa t45810 l45251">(Latin </span><span class="pp-class-182 pa t45810 l45811 ls556">America) </span><span class="pp-class-182 pa t45812 l3">Holding </span><span class="pp-class-182 pa t45812 l45813 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45810 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45810 l45247">100.0%</span></p></div><div><div id="pp-id-8297"><div id="pp-id-7106"><div class="pp-class-189" id="pp-id-4984"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5553"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6122"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6691"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45815 l3">DSV </span><span class="pp-class-182 pa t45815 l7682">Air </span><span class="pp-class-182 pa t45815 l45249">&amp; </span><span class="pp-class-182 pa t45815 l45250 ls226">Sea </span><span class="pp-class-182 pa t45815 l45251 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45815 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45815 l45247">100.0%</span></p></div><div><div id="pp-id-8298"><div id="pp-id-7107"><div class="pp-class-189" id="pp-id-4985"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5554"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6123"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6692"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45816 l3 ls3593">Agility </span><span class="pp-class-182 pa t45816 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45816 l45540 ls70">Corp. </span><span class="pp-class-182 pa t45816 l45817">Holding </span><span class="pp-class-182 pa t45816 l45818">SpA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45816 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45816 l45247">100.0%</span></p></div><div><div id="pp-id-8299"><div id="pp-id-7108"><div class="pp-class-189" id="pp-id-4986"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5555"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6124"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6693"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45819 l3 ls3593">Agility </span><span class="pp-class-182 pa t45819 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45819 l45540">Chile </span><span class="pp-class-182 pa t45819 l45820">SA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45819 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45819 l45247">100.0%</span></p></div><div><div id="pp-id-8300"><div id="pp-id-7109"><div class="pp-class-189" id="pp-id-4987"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5556"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6125"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6694"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8202" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306">Chile </span><span class="pp-class-182 pa t45198 l41332 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7226"><div id="pp-id-7110"><div class="pp-class-189" id="pp-id-4989"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5558"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6127"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6696"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8113"><div id="pp-id-7408"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7699"><div id="pp-id-4991"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5560"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6129"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6698"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8323"><div id="pp-id-7414"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7705"><div id="pp-id-5005"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5574"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6143"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6712"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7044"><div id="pp-id-4669"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7009"><div class="pp-class-189" id="pp-id-4988"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5557"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6126"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6695"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8315"><div id="pp-id-7410"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7701"><div id="pp-id-4998"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5567"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6136"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6705"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls4148">S.A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45821 ls1378">Colombia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls86">AGENCIA </span><span class="pp-class-182 pa t45294 l45822">DE </span><span class="pp-class-182 pa t45294 l45823 ls455">ADUANAS </span><span class="pp-class-182 pa t45294 l45824">DSV </span><span class="pp-class-182 pa t45294 l45825 ls3964">S.A.S. </span><span class="pp-class-182 pa t45487 l3">NIVEL </span><span class="pp-class-182 pa t45487 l45826">1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45821 ls1378">Colombia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-8302"><div id="pp-id-7111"><div class="pp-class-189" id="pp-id-4990"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5559"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6128"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6697"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45490 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45490 l45259 ls4148">S.A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45821 ls1378">Colombia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3 ls2380">DSV </span><span class="pp-class-182 pa t45422 l45827 ls6924">Contract </span><span class="pp-class-182 pa t45422 l45828 ls6530">Logistics </span><span class="pp-class-182 pa t45422 l45829 ls7025">Zona </span><span class="pp-class-182 pa t45422 l45830 ls5278">Franca </span><span class="pp-class-182 pa t45422 l45831 ls3187">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45821 ls1378">Colombia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><div id="pp-id-8209"><div id="pp-id-7409"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7700"><div id="pp-id-4992"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5561"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6130"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6699"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3">DSV </span><span class="pp-class-182 pa t45424 l7682">Air </span><span class="pp-class-182 pa t45424 l45249">&amp; </span><span class="pp-class-182 pa t45424 l45250 ls226">Sea </span><span class="pp-class-182 pa t45424 l45251 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45832 ls5508">Costa </span><span class="pp-class-182 pa t45424 l45833 ls1849">Rica</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8121"><div id="pp-id-7112"><div class="pp-class-189" id="pp-id-4993"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5562"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6131"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6700"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3 ls6357">DSV </span><span class="pp-class-182 pa t45427 l45240 ls2500">AIR </span><span class="pp-class-182 pa t45427 l45834 ls2236">&amp; </span><span class="pp-class-182 pa t45427 l45835 ls1528">SEA </span><span class="pp-class-182 pa t45427 l45836 ls218">DOMINICANA, </span><span class="pp-class-182 pa t45427 l45837 ls6300">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45838 ls1026">Dominican </span><span class="pp-class-182 pa t45430 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><div id="pp-id-8309"><div id="pp-id-7113"><div class="pp-class-189" id="pp-id-4994"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5563"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6132"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6701"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3 ls57">DSV-AIR&amp;SEA </span><span class="pp-class-182 pa t45432 l45330 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45839 ls1378">Ecuador</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45247">100.0%</span></p></div><div><div id="pp-id-8077"><div id="pp-id-7114"><div class="pp-class-189" id="pp-id-4995"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5564"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6133"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6702"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3">DSV </span><span class="pp-class-182 pa t45434 l7682">Air </span><span class="pp-class-182 pa t45434 l45249">&amp; </span><span class="pp-class-182 pa t45434 l45250 ls158">Sea, </span><span class="pp-class-182 pa t45434 l45629 ls45840">S.A. </span><span class="pp-class-182 pa t45434 l45841">de </span><span class="pp-class-182 pa t45434 l45842 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l12607">El </span><span class="pp-class-182 pa t45434 l45843 ls455">Salvador</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45247">100.0%</span></p></div><div><div id="pp-id-8312"><div id="pp-id-7115"><div class="pp-class-189" id="pp-id-4996"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5565"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6134"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6703"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45844 l45306 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l45845 ls1849">Guatemala</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l45247">100.0%</span></p></div><div><div id="pp-id-8313"><div id="pp-id-7116"><div class="pp-class-189" id="pp-id-4997"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5566"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6135"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6704"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l3">DB </span><span class="pp-class-182 pa t45846 l45269 ls1849">Schenker </span><span class="pp-class-182 pa t45846 l45270 ls428">GBS </span><span class="pp-class-182 pa t45846 l45847 ls1026">Americas, </span><span class="pp-class-182 pa t45846 l45848">S. </span><span class="pp-class-182 pa t45846 l45849">de </span><span class="pp-class-182 pa t45846 l45850 ls45851">R.L. </span><span class="pp-class-182 pa t45440 l3">de </span><span class="pp-class-182 pa t45440 l45774 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3">DSV </span><span class="pp-class-182 pa t45441 l7682">Air </span><span class="pp-class-182 pa t45441 l45249">&amp; </span><span class="pp-class-182 pa t45441 l45250 ls158">Sea, </span><span class="pp-class-182 pa t45441 l45629 ls45840">S.A. </span><span class="pp-class-182 pa t45441 l45841">de </span><span class="pp-class-182 pa t45441 l45842 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><div id="pp-id-8317"><div id="pp-id-7117"><div class="pp-class-189" id="pp-id-4999"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5568"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6137"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6706"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l3">DSV </span><span class="pp-class-182 pa t45446 l7682 ls149">International </span><span class="pp-class-182 pa t45446 l8721 ls1418">Shared </span><span class="pp-class-182 pa t45446 l45491 ls3185">Services </span><span class="pp-class-182 pa t45446 l45853 ls45840">S.A. </span><span class="pp-class-182 pa t45501 l3">de </span><span class="pp-class-182 pa t45501 l45774 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45247">100.0%</span></p></div><div><div id="pp-id-8087"><div id="pp-id-7411"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7702"><div id="pp-id-5000"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5569"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6138"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6707"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l3 ls6801">TransOceanic </span><span class="pp-class-182 pa t45502 l45543">Shipping </span><span class="pp-class-182 pa t45502 l45854 ls1849">Co. </span><span class="pp-class-182 pa t45502 l45855">S. </span><span class="pp-class-182 pa t45502 l45856">de </span><span class="pp-class-182 pa t45502 l45857">RL </span><span class="pp-class-182 pa t45502 l45858">de </span><span class="pp-class-182 pa t45859 l3 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45247">100.0%</span></p></div><div><div id="pp-id-8319"><div id="pp-id-7118"><div class="pp-class-189" id="pp-id-5001"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5570"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6139"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6708"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45860 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45860 l45306 ls149">International </span><span class="pp-class-182 pa t45860 l45861 ls45840">S.A. </span><span class="pp-class-182 pa t45860 l45862">de </span><span class="pp-class-182 pa t45860 l45863 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45860 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45860 l45247">100.0%</span></p></div><div><div id="pp-id-8320"><div id="pp-id-4670"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7010"><div class="pp-class-189" id="pp-id-5002"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5571"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6140"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6709"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45864 l3">DSV </span><span class="pp-class-182 pa t45864 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45864 l30584 ls239">Logistics, </span><span class="pp-class-182 pa t45864 l10960 ls45840">S.A. </span><span class="pp-class-182 pa t45864 l45865">de </span><span class="pp-class-182 pa t45864 l45866 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45864 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45864 l45247">100.0%</span></p></div><div><div id="pp-id-8321"><div id="pp-id-7412"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7703"><div id="pp-id-5003"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5572"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6141"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6710"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45867 l3">DSV </span><span class="pp-class-182 pa t45867 l7682 ls455">Manufacturing </span><span class="pp-class-182 pa t45867 l45868 ls3185">Services </span><span class="pp-class-182 pa t45867 l45869 ls45840">S.A. </span><span class="pp-class-182 pa t45867 l45870">de </span><span class="pp-class-182 pa t45871 l3 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45867 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45867 l45247">100.0%</span></p></div><div><div id="pp-id-8322"><div id="pp-id-7413"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7704"><div id="pp-id-5004"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5573"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6142"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6711"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45872 l3">DSV </span><span class="pp-class-182 pa t45872 l7682 ls164">Road, </span><span class="pp-class-182 pa t45872 l45809 ls45840">S.A. </span><span class="pp-class-182 pa t45872 l45873">de </span><span class="pp-class-182 pa t45872 l26650 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45872 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45872 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45874 l3">DSV </span><span class="pp-class-182 pa t45874 l7682">Air </span><span class="pp-class-182 pa t45874 l45249">&amp; </span><span class="pp-class-182 pa t45874 l45250 ls226">Sea </span><span class="pp-class-182 pa t45874 l45251 ls2406">PA </span><span class="pp-class-182 pa t45874 l45875 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45874 l45876 ls1021">Panama</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45874 l45247">100.0%</span></p></div><div><div id="pp-id-8324"><div id="pp-id-7119"><div class="pp-class-189" id="pp-id-5006"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5575"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6144"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6713"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45877 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45877 l45261">SEM, </span><span class="pp-class-182 pa t45877 l45878 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45877 l45876 ls1021">Panama</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45877 l45247">100.0%</span></p></div><div><div id="pp-id-8325"><div id="pp-id-7120"><div class="pp-class-189" id="pp-id-5007"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5576"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6145"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6714"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45879 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45879 l45261 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45879 l45876 ls1021">Panama</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45879 l45247">100.0%</span></p></div><div><div id="pp-id-8326"><div id="pp-id-7415"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7706"><div id="pp-id-5008"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5577"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6146"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6715"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45880 l3 ls3782">Almacenadora </span><span class="pp-class-182 pa t45880 l45881 ls6634">Mercantil </span><span class="pp-class-182 pa t45880 l8784 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45880 l45876 ls1021">Panama</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45880 l45247">100.0%</span></p></div><div><div id="pp-id-8327"><div id="pp-id-7416"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7707"><div id="pp-id-5009"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5578"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6147"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6716"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45882 l3">DSV </span><span class="pp-class-182 pa t45882 l7682">Air </span><span class="pp-class-182 pa t45882 l45249">&amp; </span><span class="pp-class-182 pa t45882 l45250 ls226">Sea </span><span class="pp-class-182 pa t45882 l45251 ls4384">Paraguay </span><span class="pp-class-182 pa t45882 l2374 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45882 l45883 ls135">Paraguay</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45882 l45247">100.0%</span></p></div><div><div id="pp-id-8328"><div id="pp-id-7121"><div class="pp-class-189" id="pp-id-5010"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5579"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6148"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6717"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l3">DSV </span><span class="pp-class-182 pa t45884 l7682">Air </span><span class="pp-class-182 pa t45884 l45249">&amp; </span><span class="pp-class-182 pa t45884 l45250 ls226">Sea </span><span class="pp-class-182 pa t45884 l45251 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l11003 ls3681">Peru</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l45247">100.0%</span></p></div><div><div id="pp-id-8329"><div id="pp-id-7883"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7919"><div class="pp-class-189" id="pp-id-5011"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5580"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6149"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6718"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45885 l3 ls3593">Agility </span><span class="pp-class-182 pa t45885 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45885 l45540 ls52">Peru </span><span class="pp-class-182 pa t45885 l45886 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45885 l11003 ls3681">Peru</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45885 l45247">100.0%</span></p></div><div><div id="pp-id-8330"><div id="pp-id-7122"><div class="pp-class-189" id="pp-id-5012"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5581"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6150"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6719"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8345" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45889 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306 ls52">Peru </span><span class="pp-class-182 pa t45198 l45890 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l11003 ls3681">Peru</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7227"><div id="pp-id-7123"><div class="pp-class-189" id="pp-id-5014"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5583"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6152"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6721"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8129"><div id="pp-id-7419"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7710"><div id="pp-id-5023"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5592"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6161"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6730"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8152"><div id="pp-id-7429"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7720"><div id="pp-id-5034"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5603"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6172"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6741"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8331"><div id="pp-id-7884"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7920"><div class="pp-class-189" id="pp-id-5013"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5582"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6151"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6720"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8114"><div id="pp-id-7417"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7708"><div id="pp-id-5016"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5585"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6154"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6723"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251">(PR) </span><span class="pp-class-182 pa t45292 l45891 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l24082 ls226">Puerto </span><span class="pp-class-182 pa t45292 l45892 ls2061">Rico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls2022">Arabella </span><span class="pp-class-182 pa t45294 l45893">Shipping </span><span class="pp-class-182 pa t45294 l45894 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45895">Saint </span><span class="pp-class-182 pa t45294 l45896 ls704">Vincent </span><span class="pp-class-182 pa t45294 l45309">And </span><span class="pp-class-182 pa t45487 l45897">The </span><span class="pp-class-182 pa t45487 l45898 ls59">Grenadines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-8303"><div id="pp-id-7124"><div class="pp-class-189" id="pp-id-5015"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5584"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6153"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6722"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682">4PL </span><span class="pp-class-182 pa t45490 l45899 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45900 ls117">United </span><span class="pp-class-182 pa t45490 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45422 l45306">Global </span><span class="pp-class-182 pa t45422 l45428 ls205">Management </span><span class="pp-class-182 pa t45422 l45429">&amp; </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l3 ls1674">Technology </span><span class="pp-class-182 pa t45902 l45903 ls218">Center </span><span class="pp-class-182 pa t45902 l45904 ls556">Americas </span><span class="pp-class-182 pa t45902 l45905 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45900 ls117">United </span><span class="pp-class-182 pa t45422 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><div id="pp-id-8210"><div id="pp-id-7418"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7709"><div id="pp-id-5017"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5586"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6155"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6724"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l3">DSV </span><span class="pp-class-182 pa t45493 l7682">Air </span><span class="pp-class-182 pa t45493 l45249">&amp; </span><span class="pp-class-182 pa t45493 l45250 ls226">Sea </span><span class="pp-class-182 pa t45493 l45251">Holding </span><span class="pp-class-182 pa t45493 l45340 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45900 ls117">United </span><span class="pp-class-182 pa t45493 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45247">100.0%</span></p></div><div><div id="pp-id-8334"><div id="pp-id-7125"><div class="pp-class-189" id="pp-id-5018"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5587"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6156"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6725"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3">DSV </span><span class="pp-class-182 pa t45430 l7682">Air </span><span class="pp-class-182 pa t45430 l45249">&amp; </span><span class="pp-class-182 pa t45430 l45250 ls226">Sea </span><span class="pp-class-182 pa t45430 l45251 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45900 ls117">United </span><span class="pp-class-182 pa t45430 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45247">100.0%</span></p></div><div><div id="pp-id-8336"><div id="pp-id-7885"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7921"><div class="pp-class-189" id="pp-id-5019"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5588"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6157"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6726"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3">DSV </span><span class="pp-class-182 pa t45432 l7682">Air </span><span class="pp-class-182 pa t45432 l45249">&amp; </span><span class="pp-class-182 pa t45432 l45250 ls226">Sea </span><span class="pp-class-182 pa t45432 l45251 ls149">International </span><span class="pp-class-182 pa t45906 l3">Holding </span><span class="pp-class-182 pa t45906 l45813 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45900 ls117">United </span><span class="pp-class-182 pa t45432 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45247">100.0%</span></p></div><div><div id="pp-id-8078"><div id="pp-id-7126"><div class="pp-class-189" id="pp-id-5020"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5589"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6158"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6727"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l3 ls6399">Schenker, </span><span class="pp-class-182 pa t45437 l45907 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45900 ls117">United </span><span class="pp-class-182 pa t45437 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45247">100.0%</span></p></div><div><div id="pp-id-8337"><div id="pp-id-4671"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7011"><div class="pp-class-189" id="pp-id-5021"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5590"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6159"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6728"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3">Karpeles </span><span class="pp-class-182 pa t45438 l45908 ls1728">Freight </span><span class="pp-class-182 pa t45438 l45909 ls2179">Services, </span><span class="pp-class-182 pa t45438 l45910 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45900 ls117">United </span><span class="pp-class-182 pa t45438 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45247">100.0%</span></p></div><div><div id="pp-id-8082"><div id="pp-id-7127"><div class="pp-class-189" id="pp-id-5022"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5591"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6160"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6729"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3">DSV </span><span class="pp-class-182 pa t45440 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45440 l30584 ls239">Logistics, </span><span class="pp-class-182 pa t45440 l10960 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45900 ls117">United </span><span class="pp-class-182 pa t45440 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3">DSV </span><span class="pp-class-182 pa t45441 l7682 ls48">Inventory </span><span class="pp-class-182 pa t45441 l45498 ls205">Management </span><span class="pp-class-182 pa t45500 l3">Solutions </span><span class="pp-class-182 pa t45500 l45911 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45900 ls117">United </span><span class="pp-class-182 pa t45441 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><div id="pp-id-8132"><div id="pp-id-7420"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7711"><div id="pp-id-5024"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5593"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6162"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6731"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l3">DSV </span><span class="pp-class-182 pa t45501 l7682">US </span><span class="pp-class-182 pa t45501 l45912 ls1761">Property </span><span class="pp-class-182 pa t45501 l45913 ls125">Holding, </span><span class="pp-class-182 pa t45501 l45914 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45900 ls117">United </span><span class="pp-class-182 pa t45501 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45247">100.0%</span></p></div><div><div id="pp-id-8134"><div id="pp-id-7421"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7712"><div id="pp-id-5025"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5594"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6163"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6732"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45502 l45306 ls1026">Americas, </span><span class="pp-class-182 pa t45502 l45915 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45900 ls117">United </span><span class="pp-class-182 pa t45502 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45247">100.0%</span></p></div><div><div id="pp-id-8137"><div id="pp-id-4672"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7012"><div class="pp-class-189" id="pp-id-5026"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5595"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6164"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6733"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l3">DSV </span><span class="pp-class-182 pa t45504 l7682 ls6634">Real </span><span class="pp-class-182 pa t45504 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45504 l45298 ls164">Los </span><span class="pp-class-182 pa t45504 l45651">Angeles, </span><span class="pp-class-182 pa t45504 l45916 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l45900 ls117">United </span><span class="pp-class-182 pa t45504 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l45247">100.0%</span></p></div><div><div id="pp-id-8338"><div id="pp-id-7422"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7713"><div id="pp-id-5027"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5596"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6165"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6734"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l3">DSV </span><span class="pp-class-182 pa t45507 l7682 ls6634">Real </span><span class="pp-class-182 pa t45507 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45507 l45298 ls125">Phoenix, </span><span class="pp-class-182 pa t45507 l45917 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l45900 ls117">United </span><span class="pp-class-182 pa t45507 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l45247">100.0%</span></p></div><div><div id="pp-id-8339"><div id="pp-id-7423"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7714"><div id="pp-id-5028"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5597"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6166"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6735"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l3">DSV </span><span class="pp-class-182 pa t45509 l7682 ls6634">Real </span><span class="pp-class-182 pa t45509 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45509 l45298 ls180">Chicago, </span><span class="pp-class-182 pa t45509 l45918 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l45900 ls117">United </span><span class="pp-class-182 pa t45509 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l45247">100.0%</span></p></div><div><div id="pp-id-8340"><div id="pp-id-7424"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7715"><div id="pp-id-5029"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5598"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6167"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6736"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l3">DSV </span><span class="pp-class-182 pa t45510 l7682 ls6634">Real </span><span class="pp-class-182 pa t45510 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45510 l45298">New </span><span class="pp-class-182 pa t45510 l45919 ls704">Albany, </span><span class="pp-class-182 pa t45510 l32460 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l45900 ls117">United </span><span class="pp-class-182 pa t45510 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l45247">100.0%</span></p></div><div><div id="pp-id-8341"><div id="pp-id-7425"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7716"><div id="pp-id-5030"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5599"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6168"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6737"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l3">DSV </span><span class="pp-class-182 pa t45512 l7682 ls6634">Real </span><span class="pp-class-182 pa t45512 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45512 l45298 ls23013">Pharr, </span><span class="pp-class-182 pa t45512 l45920 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45900 ls117">United </span><span class="pp-class-182 pa t45512 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45247">100.0%</span></p></div><div><div id="pp-id-8144"><div id="pp-id-7426"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7717"><div id="pp-id-5031"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5600"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6169"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6738"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3">DSV </span><span class="pp-class-182 pa t45514 l7682 ls6634">Real </span><span class="pp-class-182 pa t45514 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45514 l45298 ls1683">Portland, </span><span class="pp-class-182 pa t45514 l45921 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45900 ls117">United </span><span class="pp-class-182 pa t45514 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45247">100.0%</span></p></div><div><div id="pp-id-8147"><div id="pp-id-7427"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7718"><div id="pp-id-5032"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5601"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6170"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6739"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3">DSV </span><span class="pp-class-182 pa t45516 l7682 ls6634">Real </span><span class="pp-class-182 pa t45516 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45516 l45298 ls1502">Laredo, </span><span class="pp-class-182 pa t45516 l45922 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45900 ls117">United </span><span class="pp-class-182 pa t45516 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45247">100.0%</span></p></div><div><div id="pp-id-8150"><div id="pp-id-7428"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7719"><div id="pp-id-5033"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5602"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6171"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6740"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l3 ls856">Market </span><span class="pp-class-182 pa t45518 l45923 ls239">Industries </span><span class="pp-class-182 pa t45518 l10314 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45900 ls117">United </span><span class="pp-class-182 pa t45518 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l3">DSV </span><span class="pp-class-182 pa t45519 l7682 ls107">Road </span><span class="pp-class-182 pa t45519 l45253 ls1674">Transport, </span><span class="pp-class-182 pa t45519 l45924 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45900 ls117">United </span><span class="pp-class-182 pa t45519 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45247">100.0%</span></p></div><div><div id="pp-id-8156"><div id="pp-id-7430"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7721"><div id="pp-id-5035"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5604"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6173"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6742"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l3">DSV </span><span class="pp-class-182 pa t45521 l7682 ls164">Road, </span><span class="pp-class-182 pa t45521 l45809 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45900 ls117">United </span><span class="pp-class-182 pa t45521 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45247">100.0%</span></p></div><div><div id="pp-id-8342"><div id="pp-id-7431"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7722"><div id="pp-id-5036"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5605"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6174"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6743"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l3">DSV </span><span class="pp-class-182 pa t45525 l7682">Air </span><span class="pp-class-182 pa t45525 l45249">&amp; </span><span class="pp-class-182 pa t45525 l45250 ls226">Sea </span><span class="pp-class-182 pa t45525 l45251">Uruguay </span><span class="pp-class-182 pa t45525 l45925 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45926">Uruguay</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45247">100.0%</span></p></div><div><div id="pp-id-8344"><div id="pp-id-7128"><div class="pp-class-189" id="pp-id-5037"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5606"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6175"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6744"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8354" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45927 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682">Air </span><span class="pp-class-182 pa t45198 l45249">&amp; </span><span class="pp-class-182 pa t45198 l45250 ls226">Sea </span><span class="pp-class-182 pa t45198 l45251 ls13515">Pty. </span><span class="pp-class-182 pa t45198 l45928 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8304"><div id="pp-id-7129"><div class="pp-class-189" id="pp-id-5040"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5609"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6178"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6747"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7987"><div id="pp-id-7432"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7723"><div id="pp-id-5039"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5608"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6177"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6746"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8332"><div id="pp-id-7886"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7922"><div class="pp-class-189" id="pp-id-5038"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5607"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6176"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6745"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8275"><div id="pp-id-7434"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7725"><div id="pp-id-5052"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5621"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6190"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6759"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Solutions </span><span class="pp-class-182 pa t45292 l45351 ls13515">Pty. </span><span class="pp-class-182 pa t45292 l45930 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls45931">A.C.N. </span><span class="pp-class-182 pa t45294 l45932">116 </span><span class="pp-class-182 pa t45294 l45933">779 </span><span class="pp-class-182 pa t45294 l45934">876 </span><span class="pp-class-182 pa t45294 l45935 ls8044">PTY </span><span class="pp-class-182 pa t45294 l45936 ls6611">LTD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls45931">A.C.N. </span><span class="pp-class-182 pa t45295 l45932">004 </span><span class="pp-class-182 pa t45295 l45933">265 </span><span class="pp-class-182 pa t45295 l45934">721 </span><span class="pp-class-182 pa t45295 l45935 ls8044">PTY </span><span class="pp-class-182 pa t45295 l45936 ls6611">LTD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-8168"><div id="pp-id-7130"><div class="pp-class-189" id="pp-id-5041"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5610"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6179"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6748"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3 ls45931">A.C.N. </span><span class="pp-class-182 pa t45297 l45932">078 </span><span class="pp-class-182 pa t45297 l45933">189 </span><span class="pp-class-182 pa t45297 l45934">296 </span><span class="pp-class-182 pa t45297 l45935 ls8044">PTY </span><span class="pp-class-182 pa t45297 l45936 ls6611">LTD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7839"><div id="pp-id-7433"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7724"><div id="pp-id-5042"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5611"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6180"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6749"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45300 l45306 ls59">Australia </span><span class="pp-class-182 pa t45300 l45937 ls13515">Pty. </span><span class="pp-class-182 pa t45300 l45938 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><div id="pp-id-8268"><div id="pp-id-4673"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7013"><div class="pp-class-189" id="pp-id-5043"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5612"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6181"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6750"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">DSV </span><span class="pp-class-182 pa t45301 l7682">Air </span><span class="pp-class-182 pa t45301 l45249">&amp; </span><span class="pp-class-182 pa t45301 l45250 ls226">Sea </span><span class="pp-class-182 pa t45301 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45939">Bangladesh</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-7991"><div id="pp-id-7131"><div class="pp-class-189" id="pp-id-5044"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5613"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6182"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6751"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3 ls3593">Agility </span><span class="pp-class-182 pa t45305 l45539 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45939">Bangladesh</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-8247"><div id="pp-id-7132"><div class="pp-class-189" id="pp-id-5045"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5614"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6183"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6752"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45307 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45307 l45550">(Bangladesh) </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l3 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45939">Bangladesh</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45304">40.0%</span></p></div><div><div id="pp-id-7859"><div id="pp-id-4674"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7014"><div class="pp-class-189" id="pp-id-5046"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5615"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6184"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6753"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3">DSV </span><span class="pp-class-182 pa t45312 l7682">Air </span><span class="pp-class-182 pa t45312 l45249">&amp; </span><span class="pp-class-182 pa t45312 l45250 ls226">Sea </span><span class="pp-class-182 pa t45312 l45251 ls492">(Cambodia) </span><span class="pp-class-182 pa t45312 l45940 ls86">Co., </span><span class="pp-class-182 pa t45312 l45941 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45247">100.0%</span></p></div><div><div id="pp-id-7861"><div id="pp-id-7133"><div class="pp-class-189" id="pp-id-5047"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5616"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6185"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6754"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3 ls75">Prime </span><span class="pp-class-182 pa t45314 l45943 ls3782">Cargo </span><span class="pp-class-182 pa t45314 l45944 ls492">(Cambodia) </span><span class="pp-class-182 pa t45314 l30326 ls86">Co., </span><span class="pp-class-182 pa t45314 l45945 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><div id="pp-id-8218"><div id="pp-id-7134"><div class="pp-class-189" id="pp-id-5048"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5617"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6186"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6755"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3">GIL </span><span class="pp-class-182 pa t45315 l45522 ls3342">Integration </span><span class="pp-class-182 pa t45315 l13261">1 </span><span class="pp-class-182 pa t45315 l45946 ls492">(Cambodia) </span><span class="pp-class-182 pa t45315 l45947 ls86">Co., </span><span class="pp-class-182 pa t45315 l45948 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-8271"><div id="pp-id-7135"><div class="pp-class-189" id="pp-id-5049"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5618"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6187"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6756"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">DB </span><span class="pp-class-182 pa t45316 l45269 ls1849">Schenker </span><span class="pp-class-182 pa t45316 l45270 ls492">(Cambodia) </span><span class="pp-class-182 pa t45316 l45949 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><div id="pp-id-7939"><div id="pp-id-7887"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7923"><div class="pp-class-189" id="pp-id-5050"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5619"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6188"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6757"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3">DSV </span><span class="pp-class-182 pa t45319 l7682">Air </span><span class="pp-class-182 pa t45319 l45249">&amp; </span><span class="pp-class-182 pa t45319 l45250 ls226">Sea </span><span class="pp-class-182 pa t45319 l45251 ls86">Co., </span><span class="pp-class-182 pa t45319 l45647 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-7941"><div id="pp-id-7136"><div class="pp-class-189" id="pp-id-5051"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5620"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6189"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6758"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682 ls394">Business </span><span class="pp-class-182 pa t45322 l45950 ls3185">Services </span><span class="pp-class-182 pa t45322 l45951">(Nanjing) </span><span class="pp-class-182 pa t45952 l3 ls86">Co., </span><span class="pp-class-182 pa t45952 l45953 ls107">Ltd. </span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l3">DSV </span><span class="pp-class-182 pa t45955 l7682">Air </span><span class="pp-class-182 pa t45955 l45249">&amp; </span><span class="pp-class-182 pa t45955 l45250 ls226">Sea </span><span class="pp-class-182 pa t45955 l45251 ls86">Co., </span><span class="pp-class-182 pa t45955 l45647 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l45247">100.0%</span></p></div><div><div id="pp-id-8346"><div id="pp-id-7137"><div class="pp-class-189" id="pp-id-5053"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5622"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6191"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6760"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l3">DSV </span><span class="pp-class-182 pa t45956 l7682">Air </span><span class="pp-class-182 pa t45956 l45249">&amp; </span><span class="pp-class-182 pa t45956 l45250 ls226">Sea </span><span class="pp-class-182 pa t45956 l45251 ls86">Co., </span><span class="pp-class-182 pa t45956 l45647 ls107">Ltd. </span><span class="pp-class-182 pa t45956 l45957">(China)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l45247">100.0%</span></p></div><div><div id="pp-id-8347"><div id="pp-id-7138"><div class="pp-class-189" id="pp-id-5054"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5623"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6192"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6761"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l3">DSV </span><span class="pp-class-182 pa t45958 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45958 l45296 ls86">Co., </span><span class="pp-class-182 pa t45958 l45959 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l45247">100.0%</span></p></div><div><div id="pp-id-8349"><div id="pp-id-7435"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7726"><div id="pp-id-5055"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5624"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6193"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6762"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45960 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45960 l45306 ls1663">BITCC </span><span class="pp-class-182 pa t45960 l45961 ls239">Logistics </span><span class="pp-class-182 pa t45960 l45962">(Beijing) </span><span class="pp-class-182 pa t45459 l3 ls86">Co., </span><span class="pp-class-182 pa t45459 l45953 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45960 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45960 l45304">70.0%</span></p></div><div><div id="pp-id-8351"><div id="pp-id-4675"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7015"><div class="pp-class-189" id="pp-id-5056"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5625"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6194"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6763"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45463 l45306">China </span><span class="pp-class-182 pa t45463 l45963 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45247">100.0%</span></p></div><div><div id="pp-id-8352"><div id="pp-id-4676"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7016"><div class="pp-class-189" id="pp-id-5057"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5626"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6195"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6764"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l3">Zhejiang </span><span class="pp-class-182 pa t45464 l45964">DSV </span><span class="pp-class-182 pa t45464 l45965">supply </span><span class="pp-class-182 pa t45464 l45966">chain </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3">management </span><span class="pp-class-182 pa t45516 l45967 ls211">CO.,LTD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l45247">100.0%</span></p></div><div><div id="pp-id-8100"><div id="pp-id-7436"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7727"><div id="pp-id-5058"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5627"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6196"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6765"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l3">DSV </span><span class="pp-class-182 pa t45518 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45518 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45518 l45259 ls86">Co., </span><span class="pp-class-182 pa t45518 l45968 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45247">100.0%</span></p></div><div><div id="pp-id-8153"><div id="pp-id-7437"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7728"><div id="pp-id-5059"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5628"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6197"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6766"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l3">DSV </span><span class="pp-class-182 pa t45519 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45519 l45296">(Nanjing) </span><span class="pp-class-182 pa t45519 l45969 ls86">Co., </span><span class="pp-class-182 pa t45519 l45970 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45247">100.0%</span></p></div><div><div id="pp-id-8157"><div id="pp-id-7438"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7729"><div id="pp-id-5060"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5629"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6198"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6767"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45521 l45306 ls1663">BITCC </span><span class="pp-class-182 pa t45521 l45961 ls2476">Customs </span><span class="pp-class-182 pa t45521 l45971 ls1822">Broker </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45972 l3">(Beijing) </span><span class="pp-class-182 pa t45972 l45973 ls1849">Co. </span><span class="pp-class-182 pa t45972 l45974 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45247">100.0%</span></p></div><div><div id="pp-id-8343"><div id="pp-id-7439"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7730"><div id="pp-id-5061"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5630"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6199"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6768"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45975 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45975 l45550">(Chongqing) </span><span class="pp-class-182 pa t45885 l3 ls1849">Co. </span><span class="pp-class-182 pa t45885 l45976 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l45247">100.0%</span></p></div><div><div id="pp-id-8353"><div id="pp-id-7440"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7731"><div id="pp-id-5062"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5631"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6200"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6769"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8203" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45198 l45550">(Shanghai) </span><span class="pp-class-182 pa t45198 l45977 ls86">Co., </span><span class="pp-class-182 pa t45198 l45978 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8318"><div id="pp-id-7139"><div class="pp-class-189" id="pp-id-5074"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5643"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6212"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6781"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7988"><div id="pp-id-7442"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7733"><div id="pp-id-5064"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5633"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6202"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6771"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7978"><div id="pp-id-7441"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7732"><div id="pp-id-5063"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5632"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6201"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6770"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8362"><div id="pp-id-7450"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7741"><div id="pp-id-5072"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5641"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6210"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6779"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8365"><div id="pp-id-7888"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7924"><div class="pp-class-189" id="pp-id-5076"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5645"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6214"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6783"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8130"><div id="pp-id-7451"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7742"><div id="pp-id-5073"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5642"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6211"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6780"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45292 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45292 l45550">(Xiamen) </span><span class="pp-class-182 pa t45292 l45979 ls1849">Co. </span><span class="pp-class-182 pa t45292 l45980 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45294 l45550">(Guangzhou) </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l3 ls1378">Company </span><span class="pp-class-182 pa t45487 l45981 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7824"><div id="pp-id-7443"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7734"><div id="pp-id-5065"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5634"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6203"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6772"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45490 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45490 l45550">(Suzhou) </span><span class="pp-class-182 pa t45982 l3 ls1378">Company </span><span class="pp-class-182 pa t45982 l45981 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><div id="pp-id-8115"><div id="pp-id-7444"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7735"><div id="pp-id-5066"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5635"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6204"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6773"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45902 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45902 l45550">(Shenzhen) </span><span class="pp-class-182 pa t45902 l45983 ls1849">Co. </span><span class="pp-class-182 pa t45902 l45984 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l45247">100.0%</span></p></div><div><div id="pp-id-8355"><div id="pp-id-7445"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7736"><div id="pp-id-5067"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5636"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6205"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6774"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45493 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45493 l45550">(Chengdu) </span><span class="pp-class-182 pa t45493 l45985 ls86">Co., </span><span class="pp-class-182 pa t45493 l45986 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45247">100.0%</span></p></div><div><div id="pp-id-8357"><div id="pp-id-7446"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7737"><div id="pp-id-5068"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5637"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6206"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6775"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45430 l45306">Jinbei </span><span class="pp-class-182 pa t45430 l45987 ls239">Logistics </span><span class="pp-class-182 pa t45430 l45988 ls205">(Shenyang) </span><span class="pp-class-182 pa t45989 l3 ls1849">Co. </span><span class="pp-class-182 pa t45989 l45976 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45304">50.0%</span></p></div><div><div id="pp-id-8358"><div id="pp-id-7447"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7738"><div id="pp-id-5069"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5638"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6207"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6776"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45906 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45906 l45550 ls1683">(Kunshan) </span><span class="pp-class-182 pa t45906 l45990 ls86">Co., </span><span class="pp-class-182 pa t45906 l45991 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l45247">100.0%</span></p></div><div><div id="pp-id-8359"><div id="pp-id-7448"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7739"><div id="pp-id-5070"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5639"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6208"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6777"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45437 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45437 l45550">(Jiaxing) </span><span class="pp-class-182 pa t45437 l34819 ls86">Co., </span><span class="pp-class-182 pa t45437 l45992 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45247">100.0%</span></p></div><div><div id="pp-id-8360"><div id="pp-id-7449"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7740"><div id="pp-id-5071"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5640"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6209"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6778"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3">DSV </span><span class="pp-class-182 pa t45438 l7682 ls107">Road </span><span class="pp-class-182 pa t45438 l45253 ls86">Co., </span><span class="pp-class-182 pa t45438 l45993 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45440 l45306 ls45994">(H.K.) </span><span class="pp-class-182 pa t45440 l7685 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45995">Hong </span><span class="pp-class-182 pa t45440 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3">DSV </span><span class="pp-class-182 pa t45441 l7682">Air </span><span class="pp-class-182 pa t45441 l45249">&amp; </span><span class="pp-class-182 pa t45441 l45250 ls226">Sea </span><span class="pp-class-182 pa t45441 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45995">Hong </span><span class="pp-class-182 pa t45441 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l3 ls1129">Pantainer </span><span class="pp-class-182 pa t45446 l45997 ls45994">(H.K.) </span><span class="pp-class-182 pa t45446 l45998 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45995">Hong </span><span class="pp-class-182 pa t45446 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45247">100.0%</span></p></div><div><div id="pp-id-8364"><div id="pp-id-7140"><div class="pp-class-189" id="pp-id-5075"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5644"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6213"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6782"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l3 ls3593">Agility </span><span class="pp-class-182 pa t45448 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45448 l45540 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l45995">Hong </span><span class="pp-class-182 pa t45448 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45450 l45306 ls149">International </span><span class="pp-class-182 pa t45450 l45861">(HK) </span><span class="pp-class-182 pa t45450 l9739 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45995">Hong </span><span class="pp-class-182 pa t45450 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45247">100.0%</span></p></div><div><div id="pp-id-8366"><div id="pp-id-4677"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7017"><div class="pp-class-189" id="pp-id-5077"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5646"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6215"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6784"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l3">DSV </span><span class="pp-class-182 pa t45452 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45452 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45452 l45259 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45995">Hong </span><span class="pp-class-182 pa t45452 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45247">100.0%</span></p></div><div><div id="pp-id-8091"><div id="pp-id-7452"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7743"><div id="pp-id-5078"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5647"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6216"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6785"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l3">DSV </span><span class="pp-class-182 pa t45453 l7682">Air </span><span class="pp-class-182 pa t45453 l45249">&amp; </span><span class="pp-class-182 pa t45453 l45250 ls226">Sea </span><span class="pp-class-182 pa t45453 l45251">(HK) </span><span class="pp-class-182 pa t45453 l45999 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45995">Hong </span><span class="pp-class-182 pa t45453 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45247">100.0%</span></p></div><div><div id="pp-id-8367"><div id="pp-id-7141"><div class="pp-class-189" id="pp-id-5079"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5648"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6217"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6786"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45457 l45261">China </span><span class="pp-class-182 pa t45457 l46000 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45995">Hong </span><span class="pp-class-182 pa t45457 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45247">100.0%</span></p></div><div><div id="pp-id-8094"><div id="pp-id-7453"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7744"><div id="pp-id-5080"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5649"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6218"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6787"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l3">DSV </span><span class="pp-class-182 pa t45459 l7682">Global </span><span class="pp-class-182 pa t45459 l45567 ls394">Business </span><span class="pp-class-182 pa t45459 l45568 ls3185">Services </span><span class="pp-class-182 pa t45459 l45569 ls1444">Private </span><span class="pp-class-182 pa t45512 l3 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l45247">100.0%</span></p></div><div><div id="pp-id-8368"><div id="pp-id-7454"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7745"><div id="pp-id-5081"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5650"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6219"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6788"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3">DSV </span><span class="pp-class-182 pa t45514 l7682">Air </span><span class="pp-class-182 pa t45514 l45249">&amp; </span><span class="pp-class-182 pa t45514 l45250 ls226">Sea </span><span class="pp-class-182 pa t45514 l45251 ls46002">Pvt. </span><span class="pp-class-182 pa t45514 l41033 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45247">100.0%</span></p></div><div><div id="pp-id-8369"><div id="pp-id-7889"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7925"><div class="pp-class-189" id="pp-id-5082"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5651"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6220"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6789"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3">DSV </span><span class="pp-class-182 pa t45516 l7682">Air </span><span class="pp-class-182 pa t45516 l45249">&amp; </span><span class="pp-class-182 pa t45516 l45250 ls226">Sea </span><span class="pp-class-182 pa t45516 l45251 ls149">International </span><span class="pp-class-182 pa t46003 l3 ls1444">Private </span><span class="pp-class-182 pa t46003 l46004 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45247">100.0%</span></p></div><div><div id="pp-id-8370"><div id="pp-id-7142"><div class="pp-class-189" id="pp-id-5083"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5652"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6221"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6790"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l3">SCHENKER </span><span class="pp-class-182 pa t46005 l45255">INDIA </span><span class="pp-class-182 pa t46005 l46006 ls91">PRIVATE </span><span class="pp-class-182 pa t46005 l46007">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l45247">100.0%</span></p></div><div><div id="pp-id-8371"><div id="pp-id-4678"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7018"><div class="pp-class-189" id="pp-id-5084"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5653"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6222"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6791"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l3">DSV </span><span class="pp-class-182 pa t46008 l7682 ls143">Coload </span><span class="pp-class-182 pa t46008 l46009">&amp; </span><span class="pp-class-182 pa t46008 l46010 ls1418">Clearance </span><span class="pp-class-182 pa t46008 l46011 ls46002">Pvt. </span><span class="pp-class-182 pa t46008 l46012 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l45247">100.0%</span></p></div><div><div id="pp-id-8372"><div id="pp-id-7890"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7926"><div class="pp-class-189" id="pp-id-5085"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5654"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6223"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6792"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45972 l3">DSV </span><span class="pp-class-182 pa t45972 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45972 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45972 l45259 ls1444">Private </span><span class="pp-class-182 pa t45972 l46013 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45972 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45972 l45247">100.0%</span></p></div><div><div id="pp-id-8373"><div id="pp-id-7891"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7927"><div id="pp-id-5086"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5655"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6224"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6793"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l3 ls4135">PT. </span><span class="pp-class-182 pa t45975 l46014">DSV </span><span class="pp-class-182 pa t45975 l46015 ls6801">Transport </span><span class="pp-class-182 pa t45975 l46016">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l45247">100.0%</span></p></div><div><div id="pp-id-8374"><div id="pp-id-7143"><div class="pp-class-189" id="pp-id-5087"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5656"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6225"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6794"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46018 l3">PT </span><span class="pp-class-182 pa t46018 l46019">GIL </span><span class="pp-class-182 pa t46018 l46020">Solusi </span><span class="pp-class-182 pa t46018 l46021">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46018 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46018 l45247">100.0%</span></p></div><div><div id="pp-id-8375"><div id="pp-id-7892"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7928"><div class="pp-class-189" id="pp-id-5088"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5657"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6226"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6795"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8386" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46022 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">PT </span><span class="pp-class-182 pa t45198 l46019">DSV </span><span class="pp-class-182 pa t45198 l46023 ls1378">Contract </span><span class="pp-class-182 pa t45198 l46024 ls239">Logistics </span><span class="pp-class-182 pa t45198 l46025 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7228"><div id="pp-id-7144"><div class="pp-class-189" id="pp-id-5090"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5659"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6228"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6797"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7852"><div id="pp-id-7455"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7746"><div id="pp-id-5095"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5664"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6233"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6802"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8333"><div id="pp-id-7893"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7929"><div class="pp-class-189" id="pp-id-5089"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5658"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6227"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6796"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8020"><div id="pp-id-7459"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7750"><div id="pp-id-5105"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5674"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6243"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6812"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">PT </span><span class="pp-class-182 pa t45292 l46019 ls143">Synergy </span><span class="pp-class-182 pa t45292 l46026">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls4135">PT. </span><span class="pp-class-182 pa t45294 l46014 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l46027 ls239">Logistics </span><span class="pp-class-182 pa t45294 l46028">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-8110"><div id="pp-id-4679"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7019"><div class="pp-class-189" id="pp-id-5091"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5660"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6229"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6798"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682">Air </span><span class="pp-class-182 pa t45295 l45249">&amp; </span><span class="pp-class-182 pa t45295 l45250 ls226">Sea </span><span class="pp-class-182 pa t45295 l45251">Japan </span><span class="pp-class-182 pa t45295 l46029">GK</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l46030">Japan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-8169"><div id="pp-id-7145"><div class="pp-class-189" id="pp-id-5092"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5661"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6230"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6799"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682">Air </span><span class="pp-class-182 pa t45297 l45249">&amp; </span><span class="pp-class-182 pa t45297 l45250 ls226">Sea </span><span class="pp-class-182 pa t45297 l45251 ls86">Co., </span><span class="pp-class-182 pa t45297 l45647 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l46030">Japan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-8265"><div id="pp-id-7146"><div class="pp-class-189" id="pp-id-5093"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5662"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6231"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6800"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls826">Schenker-Seino </span><span class="pp-class-182 pa t45300 l41030 ls1849">Co. </span><span class="pp-class-182 pa t45300 l46031 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l46030">Japan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45304">60.0%</span></p></div><div><div id="pp-id-8376"><div id="pp-id-7894"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7930"><div class="pp-class-189" id="pp-id-5094"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5663"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6232"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6801"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">DSV </span><span class="pp-class-182 pa t45301 l7682">Solutions </span><span class="pp-class-182 pa t45301 l45351 ls86">Co., </span><span class="pp-class-182 pa t45301 l46032 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l46030">Japan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682">Air </span><span class="pp-class-182 pa t45305 l45249">&amp; </span><span class="pp-class-182 pa t45305 l45250 ls226">Sea </span><span class="pp-class-182 pa t45305 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l46030 ls129">Korea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-8248"><div id="pp-id-7147"><div class="pp-class-189" id="pp-id-5096"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5665"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6234"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6803"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">DSV </span><span class="pp-class-182 pa t45307 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45307 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45307 l45259 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l46030 ls129">Korea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-8251"><div id="pp-id-7456"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7747"><div id="pp-id-5097"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5666"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6235"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6804"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3 ls2986">Schenker </span><span class="pp-class-182 pa t45366 l45620 ls1236">Korea </span><span class="pp-class-182 pa t45366 l46033 ls28776">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l46030 ls129">Korea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-8377"><div id="pp-id-4680"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7020"><div class="pp-class-189" id="pp-id-5098"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5667"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6236"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6805"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3">DSV </span><span class="pp-class-182 pa t45368 l7682">Air </span><span class="pp-class-182 pa t45368 l45249">&amp; </span><span class="pp-class-182 pa t45368 l45250 ls226">Sea </span><span class="pp-class-182 pa t45368 l45251 ls149">International </span><span class="pp-class-182 pa t45368 l45395 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l46030 ls129">Korea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><div id="pp-id-8253"><div id="pp-id-7148"><div class="pp-class-189" id="pp-id-5099"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5668"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6237"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6806"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3">DSV </span><span class="pp-class-182 pa t45369 l7682">Air </span><span class="pp-class-182 pa t45369 l45249">and </span><span class="pp-class-182 pa t45369 l46034 ls226">Sea </span><span class="pp-class-182 pa t45369 l46035">(Lao) </span><span class="pp-class-182 pa t45369 l46036">Sole </span><span class="pp-class-182 pa t45369 l46037 ls86">Co., </span><span class="pp-class-182 pa t45369 l46038 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l46039">Laos</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><div id="pp-id-8255"><div id="pp-id-7149"><div class="pp-class-189" id="pp-id-5100"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5669"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6238"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6807"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">DSV </span><span class="pp-class-182 pa t45371 l7682">Air </span><span class="pp-class-182 pa t45371 l45249">and </span><span class="pp-class-182 pa t45371 l46034 ls226">Sea </span><span class="pp-class-182 pa t45371 l46035 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l46040 ls154">Macao</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><div id="pp-id-8378"><div id="pp-id-7150"><div class="pp-class-189" id="pp-id-5101"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5670"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6239"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6808"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3">DSV </span><span class="pp-class-182 pa t45373 l7682">Air </span><span class="pp-class-182 pa t45373 l45249">&amp; </span><span class="pp-class-182 pa t45373 l45250 ls226">Sea </span><span class="pp-class-182 pa t45373 l45251">Sdn. </span><span class="pp-class-182 pa t45373 l46041">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8379"><div id="pp-id-7151"><div class="pp-class-189" id="pp-id-5102"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5671"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6240"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6809"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3 ls57">Litvest </span><span class="pp-class-182 pa t45374 l46043 ls117">Corporation </span><span class="pp-class-182 pa t45374 l46044">Sdn </span><span class="pp-class-182 pa t45374 l46045">Bhd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8012"><div id="pp-id-7457"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7748"><div id="pp-id-5103"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5672"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6241"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6810"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3">DSV </span><span class="pp-class-182 pa t45377 l7682">Solutions </span><span class="pp-class-182 pa t45377 l45351">(DC) </span><span class="pp-class-182 pa t45377 l46046">Sdn. </span><span class="pp-class-182 pa t45377 l46047">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><div id="pp-id-8015"><div id="pp-id-7458"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7749"><div id="pp-id-5104"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5673"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6242"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6811"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3">DSV </span><span class="pp-class-182 pa t45379 l7682 ls1418">Shared </span><span class="pp-class-182 pa t45379 l46048 ls3185">Services </span><span class="pp-class-182 pa t45379 l46049 ls4172">Asia </span><span class="pp-class-182 pa t45379 l46050">Sdn </span><span class="pp-class-182 pa t45379 l46051">Bhd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3 ls6357">DSV </span><span class="pp-class-182 pa t45382 l45240 ls6394">Solutions </span><span class="pp-class-182 pa t45382 l46052 ls1498">(Management) </span><span class="pp-class-182 pa t45382 l46053 ls1853">Sdn. </span><span class="pp-class-182 pa t45382 l46054 ls2500">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8025"><div id="pp-id-7460"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7751"><div id="pp-id-5106"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5675"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6244"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6813"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45385 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45385 l45550 ls63">(Malaysia) </span><span class="pp-class-182 pa t45385 l46055">Sdn </span><span class="pp-class-182 pa t45385 l46056">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><div id="pp-id-8380"><div id="pp-id-4681"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7021"><div class="pp-class-189" id="pp-id-5107"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5676"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6245"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6814"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3">DSV </span><span class="pp-class-182 pa t45389 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45389 l45296">Sdn. </span><span class="pp-class-182 pa t45389 l46032">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8381"><div id="pp-id-7895"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7931"><div class="pp-class-189" id="pp-id-5108"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5677"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6246"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6815"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3">DSV </span><span class="pp-class-182 pa t45390 l7682 ls2261">STATIONARY </span><span class="pp-class-182 pa t45390 l46057">SDN. </span><span class="pp-class-182 pa t45390 l46058 ls1822">BHD.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8187"><div id="pp-id-7461"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7752"><div id="pp-id-5109"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5678"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6247"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6816"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3 ls2289">Panalpina </span><span class="pp-class-182 pa t45392 l46059 ls1985">Transport </span><span class="pp-class-182 pa t45392 l20236 ls1855">(Malaysia) </span><span class="pp-class-182 pa t45392 l46060 ls2313">Sdn. </span><span class="pp-class-182 pa t45392 l46061 ls2380">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8033"><div id="pp-id-7152"><div class="pp-class-189" id="pp-id-5110"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5679"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6248"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6817"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3">DSV </span><span class="pp-class-182 pa t45396 l7682 ls48">Inventory </span><span class="pp-class-182 pa t45396 l45498 ls205">Management </span><span class="pp-class-182 pa t45339 l3">Solutions </span><span class="pp-class-182 pa t45339 l45911">Sdn. </span><span class="pp-class-182 pa t45339 l46062 ls1822">BHD.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8037"><div id="pp-id-7462"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7753"><div id="pp-id-5111"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5680"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6249"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6818"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l3">DSV </span><span class="pp-class-182 pa t45341 l7682">Air </span><span class="pp-class-182 pa t45341 l45249">&amp; </span><span class="pp-class-182 pa t45341 l45250 ls226">Sea </span><span class="pp-class-182 pa t45341 l45251 ls86">(Myanmar) </span><span class="pp-class-182 pa t45341 l46063 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l46064 ls704">Myanmar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45247">100.0%</span></p></div><div><div id="pp-id-8382"><div id="pp-id-4682"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7022"><div class="pp-class-189" id="pp-id-5112"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5681"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6250"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6819"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45342 l45614 ls17094">Myanmar </span><span class="pp-class-182 pa t45342 l46065 ls115">Co., </span><span class="pp-class-182 pa t45342 l46066 ls2313">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l46064 ls704">Myanmar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45247">100.0%</span></p></div><div><div id="pp-id-8237"><div id="pp-id-4683"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7023"><div class="pp-class-189" id="pp-id-5113"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5682"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6251"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6820"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l3 ls6357">DSV </span><span class="pp-class-182 pa t45345 l45240 ls2500">Air </span><span class="pp-class-182 pa t45345 l45798 ls2236">&amp; </span><span class="pp-class-182 pa t45345 l45799 ls228">Sea </span><span class="pp-class-182 pa t45345 l45800 ls23013">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l46067">New </span><span class="pp-class-182 pa t45345 l46068 ls164">Zealand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8383"><div id="pp-id-7896"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7932"><div class="pp-class-189" id="pp-id-5114"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5683"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6252"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6821"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45348 l45306">(NZ) </span><span class="pp-class-182 pa t45348 l46069 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l46067">New </span><span class="pp-class-182 pa t45348 l46068 ls164">Zealand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-8049"><div id="pp-id-4684"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7024"><div class="pp-class-189" id="pp-id-5115"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5684"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6253"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6822"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3">DSV </span><span class="pp-class-182 pa t45350 l7682">Air </span><span class="pp-class-182 pa t45350 l45249">and </span><span class="pp-class-182 pa t45350 l46034 ls226">Sea </span><span class="pp-class-182 pa t45350 l46035 ls2432">Pakistan </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46070 l3 ls3342">(SMC-Private) </span><span class="pp-class-182 pa t46070 l46071 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l46072 ls921">Pakistan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-8384"><div id="pp-id-7153"><div class="pp-class-189" id="pp-id-5116"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5685"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6254"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6823"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46073 l3">DSV </span><span class="pp-class-182 pa t46073 l7682 ls59">SOLUTIONS </span><span class="pp-class-182 pa t46073 l46074 ls7139">(PRIVATE) </span><span class="pp-class-182 pa t46073 l46075">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46073 l46072 ls921">Pakistan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46073 l45247">100.0%</span></p></div><div><div id="pp-id-8385"><div id="pp-id-7463"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7754"><div id="pp-id-5117"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5686"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6255"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6824"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8396" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46022 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682">Air </span><span class="pp-class-182 pa t45198 l45249">&amp; </span><span class="pp-class-182 pa t45198 l45250 ls226">Sea </span><span class="pp-class-182 pa t45198 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46076 ls1021">Papua </span><span class="pp-class-182 pa t45198 l46077">New </span><span class="pp-class-182 pa t45198 l46078 ls239">Guinea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8067"><div id="pp-id-7154"><div class="pp-class-189" id="pp-id-5118"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5687"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6256"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6825"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8389"><div id="pp-id-7470"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7761"><div id="pp-id-5131"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5700"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6269"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6838"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8215"><div id="pp-id-7466"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7757"><div id="pp-id-5126"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5695"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6264"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6833"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8213"><div id="pp-id-4685"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7025"><div class="pp-class-189" id="pp-id-5125"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5694"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6263"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6832"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7989"><div id="pp-id-7464"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7755"><div id="pp-id-5119"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5688"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6257"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6826"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8392"><div id="pp-id-7473"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7764"><div id="pp-id-5134"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5703"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6272"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6841"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8163"><div id="pp-id-7478"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7769"><div class="pp-class-189" id="pp-id-5143"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5712"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6281"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6850"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Global </span><span class="pp-class-182 pa t45292 l45567 ls394">Business </span><span class="pp-class-182 pa t45292 l45568 ls3185">Services </span><span class="pp-class-182 pa t45292 l45569 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls455">Manila </span><span class="pp-class-182 pa t45294 l46080 ls977">Administrative </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l3 ls564">Competence </span><span class="pp-class-182 pa t45487 l46081 ls218">Center </span><span class="pp-class-182 pa t45487 l46082 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7825"><div id="pp-id-7465"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7756"><div id="pp-id-5120"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5689"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6258"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6827"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682">Air </span><span class="pp-class-182 pa t45490 l45249">&amp; </span><span class="pp-class-182 pa t45490 l45250 ls226">Sea </span><span class="pp-class-182 pa t45490 l45251 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><div id="pp-id-8207"><div id="pp-id-7155"><div class="pp-class-189" id="pp-id-5121"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5690"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6259"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6828"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3">GIL </span><span class="pp-class-182 pa t45422 l45522">Holding </span><span class="pp-class-182 pa t45422 l46083 ls75">Co </span><span class="pp-class-182 pa t45422 l46084 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><div id="pp-id-8119"><div id="pp-id-7156"><div class="pp-class-189" id="pp-id-5122"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5691"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6260"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6829"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3">GIL </span><span class="pp-class-182 pa t45424 l45522 ls239">Logistics </span><span class="pp-class-182 pa t45424 l46085">Holding </span><span class="pp-class-182 pa t45424 l46086 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8122"><div id="pp-id-7157"><div class="pp-class-189" id="pp-id-5123"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5692"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6261"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6830"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3">GIL </span><span class="pp-class-182 pa t45427 l45522 ls149">International </span><span class="pp-class-182 pa t45427 l46087 ls239">Logistics </span><span class="pp-class-182 pa t45427 l46088 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><div id="pp-id-8310"><div id="pp-id-7158"><div class="pp-class-189" id="pp-id-5124"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5693"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6262"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6831"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45597 l45306">Philippines, </span><span class="pp-class-182 pa t45597 l46089 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l3">DSV </span><span class="pp-class-182 pa t45310 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45310 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45310 l45259 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45312 l45261 ls1866">World </span><span class="pp-class-182 pa t45312 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45844 l3">(Philippines) </span><span class="pp-class-182 pa t45844 l46090 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45247">100.0%</span></p></div><div><div id="pp-id-7862"><div id="pp-id-7159"><div class="pp-class-189" id="pp-id-5127"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5696"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6265"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6834"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l3">DSV </span><span class="pp-class-182 pa t45846 l7682">Global </span><span class="pp-class-182 pa t45846 l45567">Solutions </span><span class="pp-class-182 pa t45846 l46091 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l45247">100.0%</span></p></div><div><div id="pp-id-8316"><div id="pp-id-7467"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7758"><div id="pp-id-5128"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5697"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6266"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6835"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l3">GIL </span><span class="pp-class-182 pa t46092 l45522 ls239">Logistics </span><span class="pp-class-182 pa t46092 l46085 ls455">Distribution </span><span class="pp-class-182 pa t46092 l14801 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l45247">100.0%</span></p></div><div><div id="pp-id-8387"><div id="pp-id-7468"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7759"><div id="pp-id-5129"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5698"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6267"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6836"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46093 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46093 l45550 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l45247">100.0%</span></p></div><div><div id="pp-id-8388"><div id="pp-id-7469"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7760"><div id="pp-id-5130"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5699"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6268"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6837"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46094 l45306 ls455">Distribution </span><span class="pp-class-182 pa t46094 l46095">Solutions, </span><span class="pp-class-182 pa t46094 l46096 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45952 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45952 l45306">Philippines </span><span class="pp-class-182 pa t45952 l46097">(Subic) </span><span class="pp-class-182 pa t45952 l46098 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45952 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45952 l45247">100.0%</span></p></div><div><div id="pp-id-8390"><div id="pp-id-7471"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7762"><div id="pp-id-5132"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5701"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6270"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6839"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l3 ls3593">Agility </span><span class="pp-class-182 pa t45955 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45955 l45540">Holdings </span><span class="pp-class-182 pa t45955 l46099 ls2471">Pte </span><span class="pp-class-182 pa t45955 l46100 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l45247">100.0%</span></p></div><div><div id="pp-id-8391"><div id="pp-id-7472"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7763"><div id="pp-id-5133"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5702"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6271"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6840"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l3 ls3593">Agility </span><span class="pp-class-182 pa t45956 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45956 l45540">Holdings </span><span class="pp-class-182 pa t45956 l46099">(S) </span><span class="pp-class-182 pa t45956 l46102 ls63">Pte. </span><span class="pp-class-182 pa t45956 l46103 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l3">DSV </span><span class="pp-class-182 pa t45958 l7682 ls59">Singapore </span><span class="pp-class-182 pa t45958 l46104 ls6634">Real </span><span class="pp-class-182 pa t45958 l46105 ls2432">Estate </span><span class="pp-class-182 pa t45958 l46106">Holding </span><span class="pp-class-182 pa t45457 l3 ls63">Pte. </span><span class="pp-class-182 pa t45457 l46107 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l45247">100.0%</span></p></div><div><div id="pp-id-8350"><div id="pp-id-7474"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7765"><div id="pp-id-5135"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5704"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6273"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6842"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45459 l45306 ls16227">(Asia </span><span class="pp-class-182 pa t45459 l46108 ls3782">Pacific) </span><span class="pp-class-182 pa t45459 l46109 ls63">Pte. </span><span class="pp-class-182 pa t45459 l46110 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l45247">100.0%</span></p></div><div><div id="pp-id-8096"><div id="pp-id-7897"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7933"><div class="pp-class-189" id="pp-id-5136"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5705"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6274"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6843"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45463 l45306">Global </span><span class="pp-class-182 pa t45463 l45428 ls205">Management </span><span class="pp-class-182 pa t45463 l45429">&amp; </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3 ls3185">Services </span><span class="pp-class-182 pa t45514 l45431 ls4146">PTE. </span><span class="pp-class-182 pa t45514 l46111 ls8659">LTD.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45247">100.0%</span></p></div><div><div id="pp-id-8098"><div id="pp-id-7475"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7766"><div id="pp-id-5137"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5706"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6275"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6844"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3 ls3593">Agility </span><span class="pp-class-182 pa t45516 l45539 ls149">International </span><span class="pp-class-182 pa t45516 l46112 ls239">Logistics </span><span class="pp-class-182 pa t45516 l45541 ls63">Pte. </span><span class="pp-class-182 pa t45516 l28400 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45247">100.0%</span></p></div><div><div id="pp-id-8393"><div id="pp-id-7898"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7934"><div class="pp-class-189" id="pp-id-5138"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5707"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6276"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6845"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l3">China </span><span class="pp-class-182 pa t45518 l46113">Baisui </span><span class="pp-class-182 pa t45518 l46114 ls239">Logistics </span><span class="pp-class-182 pa t45518 l46115 ls2471">Pte </span><span class="pp-class-182 pa t45518 l46116 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45247">100.0%</span></p></div><div><div id="pp-id-8154"><div id="pp-id-7476"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7767"><div id="pp-id-5139"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5708"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6277"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6846"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45519 l45306 ls59">Singapore </span><span class="pp-class-182 pa t45519 l46117">(PTE) </span><span class="pp-class-182 pa t45519 l46118 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45247">100.0%</span></p></div><div><div id="pp-id-8394"><div id="pp-id-4686"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7026"><div class="pp-class-189" id="pp-id-5140"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5709"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6278"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6847"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l3">The </span><span class="pp-class-182 pa t45521 l46119 ls4384">Great </span><span class="pp-class-182 pa t45521 l46120 ls946">Ocean </span><span class="pp-class-182 pa t45521 l46121">Line </span><span class="pp-class-182 pa t45521 l46122 ls63">Pte. </span><span class="pp-class-182 pa t45521 l10097 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45247">100.0%</span></p></div><div><div id="pp-id-8159"><div id="pp-id-7160"><div class="pp-class-189" id="pp-id-5141"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5710"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6279"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6848"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l3">DSV </span><span class="pp-class-182 pa t45525 l7682">Solutions </span><span class="pp-class-182 pa t45525 l45351 ls2471">Pte </span><span class="pp-class-182 pa t45525 l46123 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45247">100.0%</span></p></div><div><div id="pp-id-8161"><div id="pp-id-7477"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7768"><div id="pp-id-5142"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5711"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6280"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6849"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l3">DSV </span><span class="pp-class-182 pa t45527 l7682">Air </span><span class="pp-class-182 pa t45527 l45249">&amp; </span><span class="pp-class-182 pa t45527 l45250 ls226">Sea </span><span class="pp-class-182 pa t45527 l45251 ls59">Singapore </span><span class="pp-class-182 pa t45527 l46124 ls63">Pte. </span><span class="pp-class-182 pa t45527 l46125 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l3">DSV </span><span class="pp-class-182 pa t45530 l7682 ls48">Inventory </span><span class="pp-class-182 pa t45530 l45498 ls205">Management </span><span class="pp-class-182 pa t46126 l3">Solutions </span><span class="pp-class-182 pa t46126 l45911 ls63">Pte. </span><span class="pp-class-182 pa t46126 l46127 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l45247">100.0%</span></p></div><div><div id="pp-id-8395"><div id="pp-id-7479"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7770"><div id="pp-id-5144"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5713"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6282"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6851"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8415" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls1122">Pership </span><span class="pp-class-182 pa t45198 l46128 ls66">(Private) </span><span class="pp-class-182 pa t45198 l46129 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46130">Sri </span><span class="pp-class-182 pa t45198 l46131 ls158">Lanka</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45304">40.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8068"><div id="pp-id-7161"><div class="pp-class-189" id="pp-id-5145"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5714"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6283"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6852"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7840"><div id="pp-id-7480"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7771"><div id="pp-id-5149"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5718"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6287"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6856"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8404"><div id="pp-id-7483"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7774"><div id="pp-id-5159"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5728"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6297"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6866"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8111"><div id="pp-id-4687"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7027"><div class="pp-class-189" id="pp-id-5147"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5716"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6285"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6854"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7847"><div id="pp-id-7481"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7772"><div id="pp-id-5150"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5719"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6288"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6857"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls86">Co., </span><span class="pp-class-182 pa t45292 l45647 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46132 ls1236">Taiwan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7229"><div id="pp-id-7162"><div class="pp-class-189" id="pp-id-5146"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5715"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6284"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6853"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls45994">(H.K.) </span><span class="pp-class-182 pa t45294 l7685 ls704">Limited </span><span class="pp-class-182 pa t45294 l46133 ls24745">Taiwan </span><span class="pp-class-182 pa t45294 l46134 ls147">Branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46132 ls1236">Taiwan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682">Air </span><span class="pp-class-182 pa t45295 l45249">&amp; </span><span class="pp-class-182 pa t45295 l45250 ls226">Sea </span><span class="pp-class-182 pa t45295 l45251 ls7955">(Taiwan) </span><span class="pp-class-182 pa t45295 l46135 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l46132 ls1236">Taiwan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-8170"><div id="pp-id-7163"><div class="pp-class-189" id="pp-id-5148"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5717"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6286"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6855"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45297 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45297 l45259 ls86">Co., </span><span class="pp-class-182 pa t45297 l45968 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l46132 ls1236">Taiwan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45300 l45261 ls239">Asia-Pacific </span><span class="pp-class-182 pa t45300 l46136 ls3185">Services </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3 ls4267">(Thailand) </span><span class="pp-class-182 pa t45424 l46137 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3 ls1122">Supreme </span><span class="pp-class-182 pa t45427 l46139">Eliga </span><span class="pp-class-182 pa t45427 l46140 ls1849">Co. </span><span class="pp-class-182 pa t45427 l45642 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><div id="pp-id-8311"><div id="pp-id-7164"><div class="pp-class-189" id="pp-id-5151"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5720"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6289"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6858"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l3">GIL </span><span class="pp-class-182 pa t45597 l45522">Air </span><span class="pp-class-182 pa t45597 l46141">&amp; </span><span class="pp-class-182 pa t45597 l46142 ls226">Sea </span><span class="pp-class-182 pa t45597 l46143 ls4267">(Thailand) </span><span class="pp-class-182 pa t45597 l46144 ls86">Co., </span><span class="pp-class-182 pa t45597 l46145 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l45247">100.0%</span></p></div><div><div id="pp-id-8397"><div id="pp-id-7165"><div class="pp-class-189" id="pp-id-5152"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5721"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6290"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6859"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45310 l45614 ls1528">(Thai) </span><span class="pp-class-182 pa t45310 l46146 ls2688">Holdings </span><span class="pp-class-182 pa t45310 l46147 ls2313">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45247">100.0%</span></p></div><div><div id="pp-id-8398"><div id="pp-id-7166"><div class="pp-class-189" id="pp-id-5153"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5722"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6291"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6860"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46148 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46148 l45306 ls1669">(Thai) </span><span class="pp-class-182 pa t46148 l46149 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46148 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46148 l45247">100.0%</span></p></div><div><div id="pp-id-8399"><div id="pp-id-4688"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7028"><div class="pp-class-189" id="pp-id-5154"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5723"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6292"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6861"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46150 l3">DSV </span><span class="pp-class-182 pa t46150 l7682">Solutions </span><span class="pp-class-182 pa t46150 l45351 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46150 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46150 l45247">100.0%</span></p></div><div><div id="pp-id-8400"><div id="pp-id-7482"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7773"><div id="pp-id-5155"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5724"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6293"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6862"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46151 l3">DSV </span><span class="pp-class-182 pa t46151 l7682">Holding </span><span class="pp-class-182 pa t46151 l45416 ls4267">(Thailand) </span><span class="pp-class-182 pa t46151 l13275 ls86">Co., </span><span class="pp-class-182 pa t46151 l46152 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46151 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46151 l45247">100.0%</span></p></div><div><div id="pp-id-8401"><div id="pp-id-7167"><div class="pp-class-189" id="pp-id-5156"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5725"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6294"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6863"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46153 l3 ls853">Panalpina </span><span class="pp-class-182 pa t46153 l45261 ls1866">World </span><span class="pp-class-182 pa t46153 l45275 ls6801">Transport </span><span class="pp-class-182 pa t46154 l3 ls4267">(Thailand) </span><span class="pp-class-182 pa t46154 l46137 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46153 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46153 l45247">100.0%</span></p></div><div><div id="pp-id-8402"><div id="pp-id-7168"><div class="pp-class-189" id="pp-id-5157"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5726"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6295"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6864"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46155 l3">DSV </span><span class="pp-class-182 pa t46155 l7682">Air </span><span class="pp-class-182 pa t46155 l45249">&amp; </span><span class="pp-class-182 pa t46155 l45250 ls226">Sea </span><span class="pp-class-182 pa t46155 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46155 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46155 l45247">100.0%</span></p></div><div><div id="pp-id-8403"><div id="pp-id-7169"><div class="pp-class-189" id="pp-id-5158"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5727"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6296"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6865"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46156 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46156 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46156 l45550 ls1669">(Thai) </span><span class="pp-class-182 pa t46156 l46157 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46156 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46156 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46158 l3">DSV </span><span class="pp-class-182 pa t46158 l7682">Air </span><span class="pp-class-182 pa t46158 l45249">&amp; </span><span class="pp-class-182 pa t46158 l45250 ls226">Sea </span><span class="pp-class-182 pa t46158 l45251 ls1378">Company </span><span class="pp-class-182 pa t46158 l46159 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46158 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46158 l45247">100.0%</span></p></div><div><div id="pp-id-8405"><div id="pp-id-7170"><div class="pp-class-189" id="pp-id-5160"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5729"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6298"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6867"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46161 l3">DSV </span><span class="pp-class-182 pa t46161 l7682">Solutions </span><span class="pp-class-182 pa t46161 l45351 ls86">Co., </span><span class="pp-class-182 pa t46161 l46032 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46161 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46161 l45247">100.0%</span></p></div><div><div id="pp-id-8406"><div id="pp-id-7484"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7775"><div id="pp-id-5161"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5730"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6299"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6868"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46162 l3 ls3593">Agility </span><span class="pp-class-182 pa t46162 l45539 ls239">Logistics </span><span class="pp-class-182 pa t46162 l45540 ls1378">Vietnam </span><span class="pp-class-182 pa t46162 l46163">Joint </span><span class="pp-class-182 pa t46164 l3 ls2432">Stock </span><span class="pp-class-182 pa t46164 l46165 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46162 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46162 l45247">100.0%</span></p></div><div><div id="pp-id-8407"><div id="pp-id-7485"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7776"><div id="pp-id-5162"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5731"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6300"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6869"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46166 l3 ls3593">Agility </span><span class="pp-class-182 pa t46166 l45539 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46166 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46166 l45304">71.0%</span></p></div><div><div id="pp-id-8408"><div id="pp-id-7171"><div class="pp-class-189" id="pp-id-5163"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5732"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6301"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6870"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46167 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46167 l45306 ls1378">Vietnam </span><span class="pp-class-182 pa t46167 l46168 ls86">Co., </span><span class="pp-class-182 pa t46167 l21436 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46167 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46167 l45247">100.0%</span></p></div><div><div id="pp-id-8409"><div id="pp-id-4689"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7029"><div class="pp-class-189" id="pp-id-5164"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5733"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6302"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6871"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46169 l3">DSV </span><span class="pp-class-182 pa t46169 l7682">Air </span><span class="pp-class-182 pa t46169 l45249">&amp; </span><span class="pp-class-182 pa t46169 l45250 ls226">Sea </span><span class="pp-class-182 pa t46169 l45251 ls1378">Vietnam </span><span class="pp-class-182 pa t46169 l46170 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46169 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46169 l45247">100.0%</span></p></div><div><div id="pp-id-8410"><div id="pp-id-7172"><div class="pp-class-189" id="pp-id-5165"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5734"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6303"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6872"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46171 l3 ls48">Inventory </span><span class="pp-class-182 pa t46171 l46172 ls205">Management </span><span class="pp-class-182 pa t46171 l46173">Solutions </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46174 l3 ls1378">Vietnam </span><span class="pp-class-182 pa t46174 l46175 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46171 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46171 l45247">100.0%</span></p></div><div><div id="pp-id-8411"><div id="pp-id-7486"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7777"><div id="pp-id-5166"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5735"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6304"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6873"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46176 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46176 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46176 l45550 ls1378">Vietnam </span><span class="pp-class-182 pa t46176 l46177 ls86">Co., </span><span class="pp-class-182 pa t46176 l46178 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46176 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46176 l45247">100.0%</span></p></div><div><div id="pp-id-8412"><div id="pp-id-7487"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7778"><div id="pp-id-5167"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5736"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6305"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6874"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t46179 l3">Middle </span><span class="pp-class-184 pa t46179 l46180">East </span><span class="pp-class-184 pa t46179 l46181">&amp; </span><span class="pp-class-184 pa t46179 l46182 ls239">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46183 l3 ls3593">Agility </span><span class="pp-class-182 pa t46183 l45539 ls239">Logistics </span><span class="pp-class-182 pa t46183 l45540 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46183 l46184 ls2061">Afghanistan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46183 l45247">100.0%</span></p></div><div><div id="pp-id-8413"><div id="pp-id-7173"><div class="pp-class-189" id="pp-id-5168"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5737"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6306"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6875"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46185 l3 ls3593">Agility </span><span class="pp-class-182 pa t46185 l45539 ls239">Logistics </span><span class="pp-class-182 pa t46185 l45540">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46185 l46186">Algeria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46185 l45247">100.0%</span></p></div><div><div id="pp-id-8414"><div id="pp-id-7488"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7779"><div id="pp-id-5169"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5738"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6307"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6876"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8426" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46189 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls3238">Frans </span><span class="pp-class-182 pa t45198 l46190 ls158">Maas </span><span class="pp-class-182 pa t45198 l46191">Algerie </span><span class="pp-class-182 pa t45198 l46192 ls2870">S.a.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46186">Algeria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7230"><div id="pp-id-7174"><div class="pp-class-189" id="pp-id-5171"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5740"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6309"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6878"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7853"><div class="pp-class-189" id="pp-id-7490"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7781"><div class="pp-class-189" id="pp-id-5176"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5745"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6314"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6883"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8276"><div id="pp-id-7491"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7782"><div id="pp-id-5184"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5753"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6322"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6891"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7979"><div id="pp-id-7489"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7780"><div id="pp-id-5170"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5739"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6308"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6877"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7855"><div id="pp-id-4690"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7030"><div class="pp-class-189" id="pp-id-5177"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5746"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6315"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6884"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls6351">Transitarios </span><span class="pp-class-182 pa t45292 l46193">Angola, </span><span class="pp-class-182 pa t45292 l46194 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46195">Angola</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45304">92.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">Global </span><span class="pp-class-182 pa t45294 l46196 ls2307">Integrated </span><span class="pp-class-182 pa t45294 l46197 ls239">Logistics </span><span class="pp-class-182 pa t45294 l46198 ls1528">Lda</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46195">Angola</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-8305"><div id="pp-id-7175"><div class="pp-class-189" id="pp-id-5172"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5741"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6310"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6879"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45295 l45306">Angola, </span><span class="pp-class-182 pa t45295 l46199 ls86">Limitada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l46195">Angola</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45304">99.9%</span></p></div><div><div id="pp-id-8171"><div id="pp-id-7176"><div class="pp-class-189" id="pp-id-5173"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5742"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6311"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6880"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682">AIR </span><span class="pp-class-182 pa t45297 l46200">&amp; </span><span class="pp-class-182 pa t45297 l46201 ls4265">SEA </span><span class="pp-class-182 pa t45297 l46202 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l46203 ls2476">Bahrain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-8266"><div id="pp-id-7177"><div class="pp-class-189" id="pp-id-5174"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5743"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6312"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6881"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45300 l45261 ls1122">Central </span><span class="pp-class-182 pa t45300 l45262 ls4172">Asia </span><span class="pp-class-182 pa t45300 l45263">EC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l46203 ls2476">Bahrain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><div id="pp-id-8416"><div id="pp-id-7178"><div class="pp-class-189" id="pp-id-5175"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5744"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6313"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6882"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">Almoayed </span><span class="pp-class-182 pa t45301 l46204 ls1849">Schenker </span><span class="pp-class-182 pa t45301 l46205 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l46203 ls2476">Bahrain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45304">49.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3 ls18641">DSV </span><span class="pp-class-182 pa t45305 l46206 ls6899">Solutions </span><span class="pp-class-182 pa t45305 l46207 ls13605">B.S.C </span><span class="pp-class-182 pa t45305 l46208 ls13605">Closed</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l46203 ls2476">Bahrain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">DSV </span><span class="pp-class-182 pa t45307 l7682">Air </span><span class="pp-class-182 pa t45307 l45249">&amp; </span><span class="pp-class-182 pa t45307 l45250 ls226">Sea </span><span class="pp-class-182 pa t45307 l45251 ls4088">(PTY) </span><span class="pp-class-182 pa t45307 l46209 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l46210 ls856">Botswana</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-8173"><div id="pp-id-7179"><div class="pp-class-189" id="pp-id-5178"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5747"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6316"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6885"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45366 l45261 ls18249">Transports </span><span class="pp-class-182 pa t45366 l46211 ls394">Mondiaux </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3 ls234">Cameroun </span><span class="pp-class-182 pa t45312 l25344 ls46212">S.A.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l46213 ls187">Cameroon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45304">90.0%</span></p></div><div><div id="pp-id-7999"><div id="pp-id-7180"><div class="pp-class-189" id="pp-id-5179"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5748"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6317"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6886"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3">DSV-UTI </span><span class="pp-class-182 pa t45314 l46214 ls2050">Egypt </span><span class="pp-class-182 pa t45314 l46215 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><div id="pp-id-8417"><div id="pp-id-7899"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7935"><div class="pp-class-189" id="pp-id-5180"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5749"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6318"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6887"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45315 l45261 ls1866">World </span><span class="pp-class-182 pa t45315 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45315 l45276 ls2050">Egypt </span><span class="pp-class-182 pa t45315 l46218 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-8272"><div id="pp-id-7181"><div class="pp-class-189" id="pp-id-5181"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5750"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6319"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6888"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">GIL </span><span class="pp-class-182 pa t45316 l45522 ls2050">Egypt </span><span class="pp-class-182 pa t45316 l46219 ls704">Limited </span><span class="pp-class-182 pa t45316 l46220 ls457">Liability </span><span class="pp-class-182 pa t45316 l46221 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><div id="pp-id-8418"><div id="pp-id-7182"><div class="pp-class-189" id="pp-id-5182"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5751"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6320"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6889"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45319 l45306 ls2050">Egypt </span><span class="pp-class-182 pa t45319 l46222 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-8223"><div id="pp-id-4691"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7031"><div class="pp-class-189" id="pp-id-5183"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5752"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6321"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6890"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45322 l30584 ls1452">logistics </span><span class="pp-class-182 pa t45322 l46223 ls46224">S.A.E.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l3">Global </span><span class="pp-class-182 pa t45325 l46196">Options </span><span class="pp-class-182 pa t45325 l46225 ls1740">Worldwide </span><span class="pp-class-182 pa t45325 l46226 ls3342">Express </span><span class="pp-class-182 pa t45955 l3 ls48">Investments </span><span class="pp-class-182 pa t45955 l46227 ls2959">(Pty) </span><span class="pp-class-182 pa t45955 l9840 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l46228 ls704">Eswatini</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45247">100.0%</span></p></div><div><div id="pp-id-7946"><div id="pp-id-7492"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7783"><div id="pp-id-5185"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5754"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6323"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6892"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l3">Al-Alb </span><span class="pp-class-182 pa t45956 l45539 ls1849">Co. </span><span class="pp-class-182 pa t45956 l46229 ls3681">for </span><span class="pp-class-182 pa t45956 l46230 ls826">General </span><span class="pp-class-182 pa t45956 l46231 ls2836">Transportation </span><span class="pp-class-182 pa t45453 l3 ls22815">(PLLC)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l46232 ls921">Iraq</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l45247">100.0%</span></p></div><div><div id="pp-id-8348"><div id="pp-id-7183"><div class="pp-class-189" id="pp-id-5186"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5755"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6324"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6893"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l3 ls3593">Agility </span><span class="pp-class-182 pa t45457 l45539 ls4372">Kurdistan </span><span class="pp-class-182 pa t45457 l46233 ls1378">Company </span><span class="pp-class-182 pa t45457 l46234 ls3681">for </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l3 ls1761">Administration </span><span class="pp-class-182 pa t45510 l46235">of </span><span class="pp-class-182 pa t45510 l46236 ls5905">Warehouses </span><span class="pp-class-182 pa t45510 l46237">and </span><span class="pp-class-182 pa t46238 l3 ls1740">Facilitate </span><span class="pp-class-182 pa t46238 l14929 ls1674">Storage </span><span class="pp-class-182 pa t46238 l46239 ls22815">Process </span><span class="pp-class-182 pa t46238 l46240 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l46232 ls921">Iraq</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45304">67.5%</span></p></div><div><div id="pp-id-8419"><div id="pp-id-7184"><div class="pp-class-189" id="pp-id-5187"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5756"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6325"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6894"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46241 l3">The </span><span class="pp-class-182 pa t46241 l46119 ls1853">Warehousing </span><span class="pp-class-182 pa t46241 l46242 ls1378">Company </span><span class="pp-class-182 pa t46241 l46243 ls3681">for </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45874 l3 ls13515">Shipping, </span><span class="pp-class-182 pa t45874 l46244 ls117">Discharging </span><span class="pp-class-182 pa t45874 l46245">and </span><span class="pp-class-182 pa t45874 l46246 ls218">Custom </span><span class="pp-class-182 pa t46247 l3 ls1418">Clearance </span><span class="pp-class-182 pa t46247 l46248 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46241 l46232 ls921">Iraq</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46241 l45247">100.0%</span></p></div><div><div id="pp-id-8420"><div id="pp-id-7185"><div class="pp-class-189" id="pp-id-5188"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5757"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6326"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6895"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l3">DSV </span><span class="pp-class-182 pa t46249 l7682">Air </span><span class="pp-class-182 pa t46249 l45249">&amp; </span><span class="pp-class-182 pa t46249 l45250 ls226">Sea </span><span class="pp-class-182 pa t46249 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l45247">100.0%</span></p></div><div><div id="pp-id-8421"><div id="pp-id-7186"><div class="pp-class-189" id="pp-id-5189"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5758"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6327"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6896"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l3">DSV </span><span class="pp-class-182 pa t46251 l7682 ls455">Marine </span><span class="pp-class-182 pa t46251 l46252 ls1129">Insurance </span><span class="pp-class-182 pa t46251 l46253 ls4212">Agency </span><span class="pp-class-182 pa t46251 l46254 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l45247">100.0%</span></p></div><div><div id="pp-id-8422"><div id="pp-id-7187"><div class="pp-class-189" id="pp-id-5190"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5759"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6328"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6897"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l3">DSV </span><span class="pp-class-182 pa t46255 l7682">- </span><span class="pp-class-182 pa t46255 l46256 ls5508">E-COMMERCE </span><span class="pp-class-182 pa t46255 l46257 ls8659">LTD.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8423"><div id="pp-id-7188"><div class="pp-class-189" id="pp-id-5191"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5760"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6329"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6898"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l3">DSV </span><span class="pp-class-182 pa t46258 l7682">Solutions </span><span class="pp-class-182 pa t46258 l45351 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8424"><div id="pp-id-7493"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7784"><div id="pp-id-5192"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5761"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6330"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6899"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l3 ls11695">U.T.I.-Inventory </span><span class="pp-class-182 pa t46259 l23425 ls22815">Management </span><span class="pp-class-182 pa t46260 l3 ls6394">Solutions </span><span class="pp-class-182 pa t46260 l46261 ls1860">Limited </span><span class="pp-class-182 pa t46260 l46262 ls2046">partnership</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8425"><div id="pp-id-7494"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7785"><div id="pp-id-5193"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5762"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6331"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6900"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8444" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">UTI </span><span class="pp-class-182 pa t45198 l46263 ls226">IMS </span><span class="pp-class-182 pa t45198 l46264 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45796 ls2836">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7231"><div id="pp-id-7189"><div class="pp-class-189" id="pp-id-5195"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5764"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6333"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6902"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8443"><div class="pp-class-189" id="pp-id-7505"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7796"><div class="pp-class-189" id="pp-id-5216"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5785"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6354"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6923"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8433"><div id="pp-id-7500"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7791"><div id="pp-id-5206"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5775"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6344"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6913"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7980"><div id="pp-id-7495"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7786"><div id="pp-id-5194"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5763"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6332"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6901"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8434"><div id="pp-id-7501"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7792"><div id="pp-id-5207"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5776"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6345"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6914"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8429"><div id="pp-id-7900"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7936"><div class="pp-class-189" id="pp-id-5201"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5770"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6339"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6908"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8361"><div id="pp-id-7498"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7789"><div id="pp-id-5202"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5771"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6340"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6909"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46265 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">Public </span><span class="pp-class-182 pa t45294 l46266 ls147">warehousing </span><span class="pp-class-182 pa t45294 l46267 ls1378">Company </span><span class="pp-class-182 pa t45487 l3 ls1122">-Jordan </span><span class="pp-class-182 pa t45487 l46268">PSC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46265 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8306"><div id="pp-id-7190"><div class="pp-class-189" id="pp-id-5196"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5765"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6334"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6903"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">Public </span><span class="pp-class-182 pa t45490 l46266 ls1853">Warehousing </span><span class="pp-class-182 pa t45490 l46269 ls1378">Company </span><span class="pp-class-182 pa t45490 l46270 ls3681">for </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45982 l3 ls1674">Storage </span><span class="pp-class-182 pa t45982 l46271">and </span><span class="pp-class-182 pa t45982 l46272 ls455">Distribution </span><span class="pp-class-182 pa t45982 l46273 ls2103">Services</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l46265 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8116"><div id="pp-id-7496"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7787"><div id="pp-id-5197"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5766"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6335"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6904"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l3">Public </span><span class="pp-class-182 pa t45902 l46266 ls147">warehousing </span><span class="pp-class-182 pa t45902 l46267 ls1378">Company </span><span class="pp-class-182 pa t46274 l3 ls1122">-Jordan </span><span class="pp-class-182 pa t46274 l46268">PSC </span><span class="pp-class-182 pa t46274 l46275">- </span><span class="pp-class-182 pa t46274 l46276">Aqaba </span><span class="pp-class-182 pa t46274 l14733 ls147">Branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l46265 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8356"><div id="pp-id-7497"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7788"><div id="pp-id-5198"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5767"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6336"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6905"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46277 l3">DSV </span><span class="pp-class-182 pa t46277 l7682">Air </span><span class="pp-class-182 pa t46277 l45249">&amp; </span><span class="pp-class-182 pa t46277 l45250 ls226">Sea </span><span class="pp-class-182 pa t46277 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46277 l46278 ls52">Kenya</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46277 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8427"><div id="pp-id-7191"><div class="pp-class-189" id="pp-id-5199"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5768"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6337"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6906"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45989 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45989 l45261 ls2432">Kenya </span><span class="pp-class-182 pa t45989 l46279 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45989 l46278 ls52">Kenya</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45989 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8428"><div id="pp-id-7192"><div class="pp-class-189" id="pp-id-5200"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5769"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6338"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6907"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45906 l45306 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l46278 ls52">Kenya</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l3">DSV </span><span class="pp-class-182 pa t45437 l7682">Holding </span><span class="pp-class-182 pa t45437 l45416 ls3681">for </span><span class="pp-class-182 pa t45437 l46280 ls1378">Company </span><span class="pp-class-182 pa t45437 l46281 ls394">Business </span><span class="pp-class-182 pa t46282 l3 ls205">Management </span><span class="pp-class-182 pa t46282 l46283 ls1094">W.L.L</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46285 l3">Global </span><span class="pp-class-182 pa t46285 l46196 ls239">Logistics </span><span class="pp-class-182 pa t46285 l46286 ls3681">for </span><span class="pp-class-182 pa t46285 l46287 ls826">General </span><span class="pp-class-182 pa t46285 l46288 ls7025">Trading </span><span class="pp-class-182 pa t46289 l3">and </span><span class="pp-class-182 pa t46289 l16556 ls226">Contracting </span><span class="pp-class-182 pa t46289 l46290 ls1849">Co. </span><span class="pp-class-182 pa t46289 l46291">WLL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46285 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46285 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8430"><div id="pp-id-7499"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7790"><div id="pp-id-5203"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5772"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6341"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6910"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46292 l3">DSV </span><span class="pp-class-182 pa t46292 l7682">Air </span><span class="pp-class-182 pa t46292 l45249">&amp; </span><span class="pp-class-182 pa t46292 l45250 ls226">Sea </span><span class="pp-class-182 pa t46292 l45251 ls1849">Co. </span><span class="pp-class-182 pa t46292 l46293 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46292 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46292 l46294 ls1853">49.0%</span></p></div><div><div id="pp-id-8431"><div id="pp-id-7193"><div class="pp-class-189" id="pp-id-5204"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5773"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6342"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6911"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46295 l3">DSV </span><span class="pp-class-182 pa t46295 l7682">A&amp;S </span><span class="pp-class-182 pa t46295 l46296 ls3681">for </span><span class="pp-class-182 pa t46295 l46297">Shipping </span><span class="pp-class-182 pa t46295 l46298">and </span><span class="pp-class-182 pa t46295 l46226 ls18249">Transport  </span><span class="pp-class-182 pa t46299 l3 ls1094">W.L.L</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46295 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46295 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8432"><div id="pp-id-4692"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7032"><div class="pp-class-189" id="pp-id-5205"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5774"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6343"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6912"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46300 l3">DSV </span><span class="pp-class-182 pa t46300 l7682 ls1378">Contract </span><span class="pp-class-182 pa t46300 l30584 ls239">Logistics </span><span class="pp-class-182 pa t46300 l45259 ls3681">for </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46301 l3 ls1853">Warehousing </span><span class="pp-class-182 pa t46301 l46302 ls1849">Co. </span><span class="pp-class-182 pa t46301 l46303 ls2660">S.P.C.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46300 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46300 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46304 l3">GIL </span><span class="pp-class-182 pa t46304 l45522 ls239">Logistics </span><span class="pp-class-182 pa t46304 l46085 ls3782">Cargo </span><span class="pp-class-182 pa t46304 l46305 ls6801">Transport </span><span class="pp-class-182 pa t46304 l46306 ls1094">W.L.L</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46304 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46304 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l3 ls3593">Agility </span><span class="pp-class-182 pa t46307 l45539 ls1728">Freight </span><span class="pp-class-182 pa t46307 l7722 ls189">Forwarding </span><span class="pp-class-182 pa t46307 l46308 ls93">(Lebanon) </span><span class="pp-class-182 pa t46309 l3">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l46310 ls923">Lebanon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8435"><div id="pp-id-7194"><div class="pp-class-189" id="pp-id-5208"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5777"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6346"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6915"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46311 l3">PWC </span><span class="pp-class-182 pa t46311 l46312 ls7025">Trading </span><span class="pp-class-182 pa t46311 l45703">and </span><span class="pp-class-182 pa t46311 l46313 ls86">contracting </span><span class="pp-class-182 pa t46311 l45945 ls428">Lebanon </span><span class="pp-class-182 pa t46314 l3">SAL </span><span class="pp-class-182 pa t46314 l46315">(Holding)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46311 l46310 ls923">Lebanon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46311 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8436"><div id="pp-id-7502"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7793"><div id="pp-id-5209"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5778"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6347"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6916"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46316 l3">PWC </span><span class="pp-class-182 pa t46316 l46312 ls428">Lebanon </span><span class="pp-class-182 pa t46316 l46317">(Holding) </span><span class="pp-class-182 pa t46316 l46318">SAL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46316 l46310 ls923">Lebanon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46316 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8437"><div id="pp-id-7503"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7794"><div id="pp-id-5210"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5779"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6348"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6917"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l3">PWC </span><span class="pp-class-182 pa t46319 l46312 ls48">investments </span><span class="pp-class-182 pa t46319 l427 ls93">(Lebanon) </span><span class="pp-class-182 pa t46319 l46320">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l46310 ls923">Lebanon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8438"><div id="pp-id-7504"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7795"><div id="pp-id-5211"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5780"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6349"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6918"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46321 l3">GIL </span><span class="pp-class-182 pa t46321 l45522 ls143">Africa </span><span class="pp-class-182 pa t46321 l46322">Holdings </span><span class="pp-class-182 pa t46321 l46323 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46321 l46324 ls394">Mauritius</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46321 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8439"><div id="pp-id-7195"><div class="pp-class-189" id="pp-id-5212"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5781"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6350"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6919"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46325 l3 ls853">Panalpina </span><span class="pp-class-182 pa t46325 l45261 ls5905">Morocco </span><span class="pp-class-182 pa t46325 l46326 ls46212">S.A.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46325 l46327 ls3187">Morocco</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46325 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8440"><div id="pp-id-7196"><div class="pp-class-189" id="pp-id-5213"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5782"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6351"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6920"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46328 l3">Global </span><span class="pp-class-182 pa t46328 l46196 ls2307">Integrated </span><span class="pp-class-182 pa t46328 l46197 ls239">Logistics </span><span class="pp-class-182 pa t46328 l46198 ls1378">Company </span><span class="pp-class-182 pa t46329 l3">SARL </span><span class="pp-class-182 pa t46329 l46330 ls428">AU</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46328 l46327 ls3187">Morocco</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46328 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8441"><div id="pp-id-7197"><div class="pp-class-189" id="pp-id-5214"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5783"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6352"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6921"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46331 l3">DSV </span><span class="pp-class-182 pa t46331 l7682 ls6801">Transport </span><span class="pp-class-182 pa t46331 l14131">Int'l </span><span class="pp-class-182 pa t46331 l46332">S.A</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46331 l46327 ls3187">Morocco</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46331 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8442"><div id="pp-id-7198"><div class="pp-class-189" id="pp-id-5215"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5784"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6353"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6922"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46333 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46333 l45306 ls4384">Maroc </span><span class="pp-class-182 pa t46333 l46334 ls45840">S.A.S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46333 l46327 ls3187">Morocco</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46333 l45796 ls2836">100.0%</span></p></div></div></div><div class="pp-class-4" id="pp-id-8459" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682">Air </span><span class="pp-class-182 pa t45198 l45249">&amp; </span><span class="pp-class-182 pa t45198 l45250 ls226">Sea </span><span class="pp-class-182 pa t45198 l45251 ls86">Limitada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46335 ls853">Mozambique</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45796 ls2836">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8069"><div id="pp-id-7199"><div class="pp-class-189" id="pp-id-5217"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5786"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6355"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6924"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8117"><div class="pp-class-189" id="pp-id-7506"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7797"><div class="pp-class-189" id="pp-id-5220"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5789"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6358"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6927"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8211"><div id="pp-id-7507"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7798"><div id="pp-id-5221"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5790"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6359"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6928"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8126"><div id="pp-id-4693"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7033"><div class="pp-class-189" id="pp-id-5224"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5793"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6362"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6931"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8145"><div id="pp-id-7509"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7800"><div id="pp-id-5235"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5804"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6373"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6942"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">GIL </span><span class="pp-class-182 pa t45292 l45522 ls180">Mozambique, </span><span class="pp-class-182 pa t45292 l46336 ls5508">LDA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46335 ls853">Mozambique</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-7232"><div id="pp-id-7200"><div class="pp-class-189" id="pp-id-5218"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5787"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6356"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6925"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306">South </span><span class="pp-class-182 pa t45294 l46337 ls143">Africa </span><span class="pp-class-182 pa t45294 l46338 ls4088">(PTY) </span><span class="pp-class-182 pa t45294 l46339 ls3325">LTD </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l3 ls117">(Maputo </span><span class="pp-class-182 pa t45487 l46340 ls2476">Branch)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46335 ls853">Mozambique</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8307"><div id="pp-id-7201"><div class="pp-class-189" id="pp-id-5219"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5788"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6357"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6926"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682">Air </span><span class="pp-class-182 pa t45490 l45249">and </span><span class="pp-class-182 pa t45490 l46034 ls226">Sea </span><span class="pp-class-182 pa t45490 l46035 ls2959">(Pty) </span><span class="pp-class-182 pa t45490 l38393 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l46341">Namibia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3">Globeflight </span><span class="pp-class-182 pa t45422 l46342 ls1740">Worldwide </span><span class="pp-class-182 pa t45422 l46343 ls3342">Express </span><span class="pp-class-182 pa t45902 l3 ls2959">(Pty) </span><span class="pp-class-182 pa t45902 l46344 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l46341">Namibia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l3">DSV </span><span class="pp-class-182 pa t45493 l7682 ls1728">Freight </span><span class="pp-class-182 pa t45493 l46345 ls149">International </span><span class="pp-class-182 pa t45493 l46346 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l19096">Nigeria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8335"><div id="pp-id-7202"><div class="pp-class-189" id="pp-id-5222"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5791"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6360"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6929"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3">DSV </span><span class="pp-class-182 pa t45430 l7682">Air </span><span class="pp-class-182 pa t45430 l45249">and </span><span class="pp-class-182 pa t45430 l46034 ls226">Sea </span><span class="pp-class-182 pa t45430 l46035 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l46347">Oman</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l46294 ls1853">70.0%</span></p></div><div><div id="pp-id-8124"><div id="pp-id-7203"><div class="pp-class-189" id="pp-id-5223"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5792"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6361"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6930"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3">Global </span><span class="pp-class-182 pa t45432 l46196 ls239">Logistics </span><span class="pp-class-182 pa t45432 l46286">(Oman) </span><span class="pp-class-182 pa t45432 l46318 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l46347">Oman</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l46294 ls1853">50.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45434 l45306">Khimji's </span><span class="pp-class-182 pa t45434 l46348 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l46347">Oman</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l46294 ls1853">60.0%</span></p></div><div><div id="pp-id-8445"><div class="pp-class-189" id="pp-id-7508"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7799"><div class="pp-class-189" id="pp-id-5225"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5794"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6363"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6932"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l3">DSV </span><span class="pp-class-182 pa t45844 l7682">Air </span><span class="pp-class-182 pa t45844 l45249">and </span><span class="pp-class-182 pa t45844 l46034 ls226">Sea </span><span class="pp-class-182 pa t45844 l46035">Shipping </span><span class="pp-class-182 pa t45844 l46349">WLL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l46350 ls189">Qatar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l46294 ls1853">49.0%</span></p></div><div><div id="pp-id-8314"><div id="pp-id-7204"><div class="pp-class-189" id="pp-id-5226"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5795"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6364"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6933"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l3">DSV </span><span class="pp-class-182 pa t45846 l7682 ls853">Panalpina </span><span class="pp-class-182 pa t45846 l46351 ls455">Marine </span><span class="pp-class-182 pa t45846 l46352">Shipping </span><span class="pp-class-182 pa t45846 l46353 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l46350 ls189">Qatar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8447"><div id="pp-id-7205"><div class="pp-class-189" id="pp-id-5227"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5796"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6365"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6934"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46092 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46092 l45550 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l46350 ls189">Qatar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l46294 ls1853">49.0%</span></p></div><div><div id="pp-id-8448"><div id="pp-id-4694"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7034"><div class="pp-class-189" id="pp-id-5228"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5797"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6366"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6935"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46093 l45306 ls946">Ocean </span><span class="pp-class-182 pa t46093 l46354 ls1728">Freight </span><span class="pp-class-182 pa t46093 l46355 ls3185">Services </span><span class="pp-class-182 pa t46093 l46356">WLL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l46350 ls189">Qatar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8449"><div id="pp-id-7206"><div class="pp-class-189" id="pp-id-5229"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5798"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6367"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6936"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l3">DSV </span><span class="pp-class-182 pa t46094 l7682">Air </span><span class="pp-class-182 pa t46094 l45249">and </span><span class="pp-class-182 pa t46094 l46034 ls226">Sea </span><span class="pp-class-182 pa t46094 l46035 ls3681">for </span><span class="pp-class-182 pa t46094 l46357 ls239">Logistics </span><span class="pp-class-182 pa t46094 l46358 ls3185">Services </span><span class="pp-class-182 pa t45448 l3 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l46359">Saudi </span><span class="pp-class-182 pa t46094 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8450"><div id="pp-id-7901"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7937"><div class="pp-class-189" id="pp-id-5230"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5799"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6368"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6937"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l3 ls1849">Regional </span><span class="pp-class-182 pa t45450 l46361 ls48">Headquarter </span><span class="pp-class-182 pa t45450 l46362">of </span><span class="pp-class-182 pa t45450 l46363">DSV </span><span class="pp-class-182 pa t45450 l46364 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l46359">Saudi </span><span class="pp-class-182 pa t45450 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8451"><div id="pp-id-7207"><div class="pp-class-189" id="pp-id-5231"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5800"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6369"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6938"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45452 l45306">Saudi </span><span class="pp-class-182 pa t45452 l46365 ls2476">Arabia </span><span class="pp-class-182 pa t45452 l46366 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l46359">Saudi </span><span class="pp-class-182 pa t45452 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8452"><div id="pp-id-4695"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7035"><div class="pp-class-189" id="pp-id-5232"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5801"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6370"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6939"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l3">DSV </span><span class="pp-class-182 pa t45453 l7682">Solutions </span><span class="pp-class-182 pa t45453 l45351 ls3681">for </span><span class="pp-class-182 pa t45453 l46367 ls239">Logistics </span><span class="pp-class-182 pa t45453 l46368 ls3185">Services </span><span class="pp-class-182 pa t45509 l3 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l46359">Saudi </span><span class="pp-class-182 pa t45453 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8453"><div id="pp-id-4696"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7036"><div class="pp-class-189" id="pp-id-5233"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5802"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6371"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6940"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l3">DSV </span><span class="pp-class-182 pa t45510 l7682">South </span><span class="pp-class-182 pa t45510 l46369 ls143">Africa </span><span class="pp-class-182 pa t45510 l46303 ls2959">(Pty) </span><span class="pp-class-182 pa t45510 l46370 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l46371">South </span><span class="pp-class-182 pa t45510 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l46294 ls1853">75.0%</span></p></div><div><div id="pp-id-8142"><div id="pp-id-7208"><div class="pp-class-189" id="pp-id-5234"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5803"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6372"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6941"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l3">DSV </span><span class="pp-class-182 pa t45512 l7682 ls1418">Shared </span><span class="pp-class-182 pa t45512 l46048 ls3185">Services </span><span class="pp-class-182 pa t45512 l46049 ls2959">(Pty) </span><span class="pp-class-182 pa t45512 l27814 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l46371">South </span><span class="pp-class-182 pa t45512 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3 ls164">UTi </span><span class="pp-class-182 pa t45514 l45546 ls239">Logistics </span><span class="pp-class-182 pa t45514 l45758 ls1122">(Proprietary) </span><span class="pp-class-182 pa t45514 l45788 ls704">Limited </span><span class="pp-class-182 pa t46373 l3">- </span><span class="pp-class-182 pa t46373 l45265">SC </span><span class="pp-class-182 pa t46373 l46374">OCS </span><span class="pp-class-182 pa t46373 l46375">Division</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l46371">South </span><span class="pp-class-182 pa t45514 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8148"><div id="pp-id-7510"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7801"><div id="pp-id-5236"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5805"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6374"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6943"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46003 l3">DSV </span><span class="pp-class-182 pa t46003 l7682 ls2745">AFRICA </span><span class="pp-class-182 pa t46003 l46376">HOLDING </span><span class="pp-class-182 pa t46003 l46377 ls2959">(Pty) </span><span class="pp-class-182 pa t46003 l42046 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46003 l46371">South </span><span class="pp-class-182 pa t46003 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46003 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8454"><div id="pp-id-7209"><div class="pp-class-189" id="pp-id-5237"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5806"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6375"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6944"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l3">DSV </span><span class="pp-class-182 pa t46005 l7682 ls3995">Skyservices </span><span class="pp-class-182 pa t46005 l46378 ls2959">(Pty) </span><span class="pp-class-182 pa t46005 l46379 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l46371">South </span><span class="pp-class-182 pa t46005 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8455"><div id="pp-id-7210"><div class="pp-class-189" id="pp-id-5238"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5807"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6376"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6945"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l3">DSV </span><span class="pp-class-182 pa t46008 l7682 ls6634">Real </span><span class="pp-class-182 pa t46008 l30184 ls2432">Estate </span><span class="pp-class-182 pa t46008 l45298 ls187">Johannesburg </span><span class="pp-class-182 pa t45882 l3 ls2959">(Pty) </span><span class="pp-class-182 pa t45882 l46344 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l46371">South </span><span class="pp-class-182 pa t46008 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8456"><div id="pp-id-7211"><div class="pp-class-189" id="pp-id-5239"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5808"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6377"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6946"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l3 ls1740">Firefly </span><span class="pp-class-182 pa t45884 l46256 ls48">Investments </span><span class="pp-class-182 pa t45884 l46380">337 </span><span class="pp-class-182 pa t45884 l46381 ls59">Properties </span><span class="pp-class-182 pa t46259 l3 ls2061">Proprietary </span><span class="pp-class-182 pa t46259 l46382 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l46371">South </span><span class="pp-class-182 pa t45884 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8457"><div id="pp-id-7212"><div class="pp-class-189" id="pp-id-5240"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5809"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6378"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6947"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l3">Linkit </span><span class="pp-class-182 pa t46383 l46384 ls48">lnvestments </span><span class="pp-class-182 pa t46383 l45387 ls2959">(Pty) </span><span class="pp-class-182 pa t46383 l46385 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l46371">South </span><span class="pp-class-182 pa t46383 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8458"><div id="pp-id-7213"><div class="pp-class-189" id="pp-id-5241"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5810"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6379"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6948"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8471" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46387 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306">South </span><span class="pp-class-182 pa t45198 l46337 ls143">Africa </span><span class="pp-class-182 pa t45198 l46338 ls2959">(Pty) </span><span class="pp-class-182 pa t45198 l46388 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46371">South </span><span class="pp-class-182 pa t45198 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45796 ls2836">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7233"><div id="pp-id-7214"><div class="pp-class-189" id="pp-id-5243"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5812"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6381"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6950"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7831"><div id="pp-id-7511"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7802"><div id="pp-id-5245"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5814"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6383"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6952"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8461"><div id="pp-id-7514"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7805"><div id="pp-id-5249"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5818"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6387"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6956"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7045"><div id="pp-id-4697"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7037"><div class="pp-class-189" id="pp-id-5242"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5811"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6380"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6949"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8135"><div id="pp-id-7517"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7808"><div id="pp-id-5254"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5823"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6392"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6961"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls8044">BAX </span><span class="pp-class-182 pa t45292 l46389">Global </span><span class="pp-class-182 pa t45292 l46390 ls78">(Pty.) </span><span class="pp-class-182 pa t45292 l46391 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46371">South </span><span class="pp-class-182 pa t45292 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls149">International </span><span class="pp-class-182 pa t45294 l45861 ls2959">(Pty) </span><span class="pp-class-182 pa t45294 l46392 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46371">South </span><span class="pp-class-182 pa t45294 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8308"><div id="pp-id-7215"><div class="pp-class-189" id="pp-id-5244"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5813"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6382"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6951"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682 ls147">Healthcare </span><span class="pp-class-182 pa t45295 l46393 ls2959">(Pty) </span><span class="pp-class-182 pa t45295 l39358 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l46371">South </span><span class="pp-class-182 pa t45295 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45297 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45422 l3 ls2061">Proprietary </span><span class="pp-class-182 pa t45422 l46382 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l46371">South </span><span class="pp-class-182 pa t45297 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-7841"><div id="pp-id-7512"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7803"><div id="pp-id-5246"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5815"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6384"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6953"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3">DSV </span><span class="pp-class-182 pa t45424 l7682 ls3593">Assembly </span><span class="pp-class-182 pa t45424 l16359 ls3185">Services </span><span class="pp-class-182 pa t45424 l46394 ls2959">(Pty) </span><span class="pp-class-182 pa t45424 l46395 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l46371">South </span><span class="pp-class-182 pa t45424 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l46294 ls1853">65.3%</span></p></div><div><div id="pp-id-8073"><div id="pp-id-7513"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7804"><div id="pp-id-5247"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5816"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6385"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6954"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3">DB </span><span class="pp-class-182 pa t45427 l45269 ls1849">Schenker </span><span class="pp-class-182 pa t45427 l45270 ls239">Logistics </span><span class="pp-class-182 pa t45427 l46396 ls2103">Campus </span><span class="pp-class-182 pa t45430 l3 ls4265">MEA </span><span class="pp-class-182 pa t45430 l36613 ls2959">(Pty) </span><span class="pp-class-182 pa t45430 l46397 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l46371">South </span><span class="pp-class-182 pa t45427 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8460"><div id="pp-id-4698"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7038"><div class="pp-class-189" id="pp-id-5248"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5817"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6386"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6955"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3">DSV </span><span class="pp-class-182 pa t45432 l7682 ls107">Road </span><span class="pp-class-182 pa t45432 l45253 ls2959">(Pty) </span><span class="pp-class-182 pa t45432 l46398 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l46371">South </span><span class="pp-class-182 pa t45432 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3">Globeflight </span><span class="pp-class-182 pa t45434 l46342 ls1740">Worldwide </span><span class="pp-class-182 pa t45434 l46343 ls3342">Express </span><span class="pp-class-182 pa t45434 l46399 ls3968">(SA) </span><span class="pp-class-182 pa t45437 l3 ls46400">Pty </span><span class="pp-class-182 pa t45437 l45749 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l46371">South </span><span class="pp-class-182 pa t45434 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8446"><div id="pp-id-7515"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7806"><div id="pp-id-5250"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5819"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6388"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6957"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3 ls1217">Mercury </span><span class="pp-class-182 pa t45438 l46401 ls556">Couriers </span><span class="pp-class-182 pa t45438 l46402 ls2959">(Pty) </span><span class="pp-class-182 pa t45438 l46403 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l46371">South </span><span class="pp-class-182 pa t45438 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8363"><div id="pp-id-7516"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7807"><div id="pp-id-5251"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5820"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6389"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6958"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45440 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45440 l45550">&amp; </span><span class="pp-class-182 pa t45440 l46404 ls1728">Freight </span><span class="pp-class-182 pa t46405 l3 ls14867">Tanzania </span><span class="pp-class-182 pa t46405 l46406 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l46407 ls7116">Tanzania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8084"><div id="pp-id-7216"><div class="pp-class-189" id="pp-id-5252"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5821"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6390"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6959"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45500 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45500 l45306 ls704">Limited </span><span class="pp-class-182 pa t45500 l46348">(Uganda </span><span class="pp-class-182 pa t45500 l46234 ls2476">Branch)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45500 l46408">Uganda</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45500 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8462"><div id="pp-id-7217"><div class="pp-class-189" id="pp-id-5253"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5822"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6391"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6960"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l3">GIL </span><span class="pp-class-182 pa t45501 l45522 ls1728">INTERNATIONAL </span><span class="pp-class-182 pa t45501 l46409">HOLDINGS </span><span class="pp-class-182 pa t45501 l46410">I </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46411 l3">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l46412 ls117">United </span><span class="pp-class-182 pa t45501 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46411 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45859 l3">GIL </span><span class="pp-class-182 pa t45859 l45522 ls1728">INTERNATIONAL </span><span class="pp-class-182 pa t45859 l46409">HOLDINGS </span><span class="pp-class-182 pa t45859 l46410">II </span><span class="pp-class-182 pa t46415 l3">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45859 l46412 ls117">United </span><span class="pp-class-182 pa t45859 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46415 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45859 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8463"><div id="pp-id-7518"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7809"><div id="pp-id-5255"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5824"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6393"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6962"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46416 l3">GIL </span><span class="pp-class-182 pa t46416 l45522 ls1728">INTERNATIONAL </span><span class="pp-class-182 pa t46416 l46409">HOLDINGS </span><span class="pp-class-182 pa t46416 l46410">III </span><span class="pp-class-182 pa t46307 l3">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46416 l46412 ls117">United </span><span class="pp-class-182 pa t46416 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46307 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46416 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8464"><div id="pp-id-7519"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7810"><div id="pp-id-5256"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5825"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6394"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6963"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l3">DSV </span><span class="pp-class-182 pa t46417 l7682 ls1378">Contract </span><span class="pp-class-182 pa t46417 l30584 ls239">Logistics </span><span class="pp-class-182 pa t46417 l45259 ls3681">DWC-LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l46412 ls117">United </span><span class="pp-class-182 pa t46417 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46311 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8465"><div id="pp-id-7520"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7811"><div id="pp-id-5257"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5826"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6395"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6964"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46418 l3 ls853">Panalpina </span><span class="pp-class-182 pa t46418 l45261">Jebel </span><span class="pp-class-182 pa t46418 l46419">Ali </span><span class="pp-class-182 pa t46418 l46420 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46418 l46412 ls117">United </span><span class="pp-class-182 pa t46418 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46316 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46418 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8466"><div id="pp-id-7218"><div class="pp-class-189" id="pp-id-5258"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5827"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6396"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6965"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l3 ls5278">DSV </span><span class="pp-class-182 pa t46319 l46421 ls19121">Gulf </span><span class="pp-class-182 pa t46319 l46422 ls2818">Customs </span><span class="pp-class-182 pa t46319 l46423 ls5295">Broker </span><span class="pp-class-182 pa t46319 l39156 ls6611">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l46412 ls117">United </span><span class="pp-class-182 pa t46319 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46424 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8467"><div id="pp-id-7219"><div class="pp-class-189" id="pp-id-5259"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5828"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6397"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6966"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46425 l3 ls6357">DSV </span><span class="pp-class-182 pa t46425 l45240 ls2500">Air </span><span class="pp-class-182 pa t46425 l45798 ls6357">and </span><span class="pp-class-182 pa t46425 l46426 ls228">Sea </span><span class="pp-class-182 pa t46425 l46427 ls14867">DWC-LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46425 l46412 ls117">United </span><span class="pp-class-182 pa t46425 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46428 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46425 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8468"><div id="pp-id-7220"><div class="pp-class-189" id="pp-id-5260"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5829"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6398"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6967"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46429 l3">DSV </span><span class="pp-class-182 pa t46429 l7682">Air </span><span class="pp-class-182 pa t46429 l45249">and </span><span class="pp-class-182 pa t46429 l46034 ls226">Sea </span><span class="pp-class-182 pa t46429 l46035">Middle </span><span class="pp-class-182 pa t46429 l46430 ls107">East </span><span class="pp-class-182 pa t46429 l46431 ls3681">DWC-LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46429 l46412 ls117">United </span><span class="pp-class-182 pa t46429 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46432 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46429 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8469"><div id="pp-id-7221"><div class="pp-class-189" id="pp-id-5261"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5830"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6399"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6968"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46433 l3">DSV </span><span class="pp-class-182 pa t46433 l7682">Solutions </span><span class="pp-class-182 pa t46433 l45351 ls15733">PJSC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46433 l46412 ls117">United </span><span class="pp-class-182 pa t46433 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46434 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46433 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8470"><div id="pp-id-4699"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7039"><div class="pp-class-189" id="pp-id-5262"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5831"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6400"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6969"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8480" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46435 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45198 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45198 l45259 ls46436">L.L.C.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46412 ls117">United </span><span class="pp-class-182 pa t45198 l46413 ls1444">Arab </span><span class="pp-class-182 pa t45234 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45796 ls2836">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8478"><div id="pp-id-7222"><div class="pp-class-189" id="pp-id-5270"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5839"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6408"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6977"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8475"><div class="pp-class-189" id="pp-id-7522"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7813"><div class="pp-class-189" id="pp-id-5267"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5836"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6405"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6974"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8472"><div id="pp-id-7521"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7812"><div id="pp-id-5264"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5833"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6402"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6971"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7046"><div id="pp-id-4700"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7040"><div class="pp-class-189" id="pp-id-5263"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5832"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6401"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6970"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l3">DSV </span><span class="pp-class-182 pa t45582 l7682">Solutions </span><span class="pp-class-182 pa t45582 l45351">MENA </span><span class="pp-class-182 pa t45582 l46437">FZE</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l46412 ls117">United </span><span class="pp-class-182 pa t45582 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46438 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46439 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46439 l45306">Middle </span><span class="pp-class-182 pa t46439 l46440 ls107">East </span><span class="pp-class-182 pa t46439 l46441">FZE</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46439 l46412 ls117">United </span><span class="pp-class-182 pa t46439 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46442 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46439 l45247">100.0%</span></p></div><div><div id="pp-id-8473"><div id="pp-id-4701"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7041"><div class="pp-class-189" id="pp-id-5265"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5834"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6403"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6972"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46443 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46443 l45306 ls38525">(L.L.C)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46443 l46412 ls117">United </span><span class="pp-class-182 pa t46443 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46444 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46443 l45247">100.0%</span></p></div><div><div id="pp-id-8474"><div id="pp-id-4702"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7042"><div class="pp-class-189" id="pp-id-5266"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5835"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6404"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6973"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46445 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46445 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46445 l45550">- </span><span class="pp-class-182 pa t46445 l46029 ls2781">L.L.C </span><span class="pp-class-182 pa t46445 l46446">- </span><span class="pp-class-182 pa t46445 l46447 ls2259">S.P.C</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46445 l46412 ls117">United </span><span class="pp-class-182 pa t46445 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46448 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46445 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46449 l3">DSV </span><span class="pp-class-182 pa t46449 l7682 ls1378">Contract </span><span class="pp-class-182 pa t46449 l30584 ls239">Logistics </span><span class="pp-class-182 pa t46449 l45259">FZE</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46449 l46412 ls117">United </span><span class="pp-class-182 pa t46449 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46450 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46449 l45247">100.0%</span></p></div><div><div id="pp-id-8476"><div id="pp-id-7523"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7814"><div id="pp-id-5268"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5837"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6406"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6975"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46451 l3">DSV </span><span class="pp-class-182 pa t46451 l7682 ls7427">FAIRS </span><span class="pp-class-182 pa t46451 l46452">&amp; </span><span class="pp-class-182 pa t46451 l46453 ls2103">EVENTS </span><span class="pp-class-182 pa t46451 l46454 ls46455">L.L.C</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46451 l46412 ls117">United </span><span class="pp-class-182 pa t46451 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46456 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46451 l45247">100.0%</span></p></div><div><div id="pp-id-8477"><div id="pp-id-7524"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7815"><div id="pp-id-5269"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5838"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6407"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6976"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46457 l3">DSV </span><span class="pp-class-182 pa t46457 l7682">Air </span><span class="pp-class-182 pa t46457 l45249">&amp; </span><span class="pp-class-182 pa t46457 l45250 ls226">Sea </span><span class="pp-class-182 pa t46457 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46457 l46458 ls70">Zambia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46457 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46459 l3">DSV </span><span class="pp-class-182 pa t46459 l7682">Air </span><span class="pp-class-182 pa t46459 l45249">&amp; </span><span class="pp-class-182 pa t46459 l45250 ls226">Sea </span><span class="pp-class-182 pa t46459 l45251 ls66">(Private) </span><span class="pp-class-182 pa t46459 l46460 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46459 l46461 ls704">Zimbabwe</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46459 l45247">100.0%</span></p></div><div><div id="pp-id-8479"><div id="pp-id-7223"><div class="pp-class-189" id="pp-id-5271"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5840"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6409"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6978"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t46462 l3">Joint </span><span class="pp-class-184 pa t46462 l46463 ls13591">Ventures</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46464 l3 ls187">NEOM </span><span class="pp-class-182 pa t46464 l46465">DSV </span><span class="pp-class-182 pa t46464 l46466 ls239">Logistics </span><span class="pp-class-182 pa t46464 l46467 ls1378">Company </span><span class="pp-class-182 pa t46464 l46468 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46464 l46359">Saudi </span><span class="pp-class-182 pa t46464 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46464 l45304">49.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t46304 l3 ls239">Associates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l3 ls2483">Trans-Link </span><span class="pp-class-182 pa t46307 l46469 ls951">Cambodia </span><span class="pp-class-182 pa t46307 l46470 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l45304">49.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l3 ls164">Les </span><span class="pp-class-182 pa t46417 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t46417 l45409 ls977">Rochekais </span><span class="pp-class-182 pa t46417 l46471">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l45304">30.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46472 l3 ls164">Les </span><span class="pp-class-182 pa t46472 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t46472 l45409 ls2380">Tourangeaux </span><span class="pp-class-182 pa t46472 l46473">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46472 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46472 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46474 l3 ls164">Les </span><span class="pp-class-182 pa t46474 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t46474 l45409 ls86">Montpellierains </span><span class="pp-class-182 pa t46474 l46475">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46474 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46474 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46247 l3 ls164">Les </span><span class="pp-class-182 pa t46247 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t46247 l45409 ls853">Parisiens </span><span class="pp-class-182 pa t46247 l22561">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46247 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46247 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l3 ls3342">Express </span><span class="pp-class-182 pa t46249 l46476">Air </span><span class="pp-class-182 pa t46249 l31906 ls164">Systems </span><span class="pp-class-182 pa t46249 l46477">GmbH </span><span class="pp-class-182 pa t46249 l46478 ls2030">(EASY)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l45304">50.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l3 ls158">Mesa </span><span class="pp-class-182 pa t46251 l46479 ls3181">Technologies </span><span class="pp-class-182 pa t46251 l46480">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l45304">10.6%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l3">I.M. </span><span class="pp-class-182 pa t46255 l46481 ls1217">"Moldromukrtrans" </span><span class="pp-class-182 pa t46255 l46482 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l45538 ls556">Moldova</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l45304">33.3%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l3">AEP </span><span class="pp-class-182 pa t46258 l46483 ls239">Logistics </span><span class="pp-class-182 pa t46258 l46484 ls59">Properties </span><span class="pp-class-182 pa t46258 l46485 ls2282">Venlo </span><span class="pp-class-182 pa t46258 l46486 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l45304">30.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l3 ls2282">Volla </span><span class="pp-class-182 pa t46259 l46487">Eiendom </span><span class="pp-class-182 pa t46259 l46488">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l45304">50.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l3 ls10437">Tristar </span><span class="pp-class-182 pa t46383 l46489 ls6801">Transport </span><span class="pp-class-182 pa t46383 l46490 ls66">(Private) </span><span class="pp-class-182 pa t46383 l46491 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l46072 ls921">Pakistan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l45304">50.0%</span></p></div></div></div><div class="pp-class-4" id="pp-id-8481" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46492 pa t2 l3 wtro4 xx3291 tro6 xx3292"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">ADRIA </span><span class="pp-class-182 pa t45198 l46493 ls3187">KOMBI </span><span class="pp-class-182 pa t45198 l46494">d.o.o., </span><span class="pp-class-182 pa t45198 l46495">Ljubljana</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l6934 ls455">Slovenia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45304">33.7%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls13605">Trans </span><span class="pp-class-182 pa t45292 l46496">Jelabel </span><span class="pp-class-182 pa t45292 l46497 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">Germans </span><span class="pp-class-182 pa t45294 l46498 ls556">Corbalan </span><span class="pp-class-182 pa t45294 l46499">&amp; </span><span class="pp-class-182 pa t45294 l45794 ls143">Alvarez, </span><span class="pp-class-182 pa t45294 l46500 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls1683">Bäckebols </span><span class="pp-class-182 pa t45295 l46501 ls164">Akeri </span><span class="pp-class-182 pa t45295 l21484">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45304">35.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3 ls2500">BTU </span><span class="pp-class-182 pa t45297 l46502">- </span><span class="pp-class-182 pa t45297 l46503">Bilspedition </span><span class="pp-class-182 pa t45297 l10344 ls2672">Transportörer </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3 ls4079">Utvecklings </span><span class="pp-class-182 pa t45422 l46504">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45304">50.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3 ls1122">Polymer </span><span class="pp-class-182 pa t45424 l46505 ls239">Logistics </span><span class="pp-class-182 pa t45424 l46506 ls48">Investments </span><span class="pp-class-182 pa t45424 l46507 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l46412 ls117">United </span><span class="pp-class-182 pa t45424 l46413 ls1444">Arab </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45304">36.5%</span></p></div></div></div> <div class="pp-class-4" id="pp-id-4555" xmlns="http://www.w3.org/1999/xhtml"><div class="w45206 h7359 pa t2 l3 wtro4 xx246 tro6 xx247"><p class="pp-class-164 pp-area-text"><span class="pp-class-177 pa t248 l3 ls9507">Group </span><span class="pp-class-177 pa t248 l3099 ls45207">company </span><span class="pp-class-177 pa t7364 l3 ls19177">overview</span></p></div></div><div class="pp-class-4" id="pp-id-4556" xmlns="http://www.w3.org/1999/xhtml"><div class="w45208 h45209 pa t2 l3 wtro4 xx199 tro6 xx200"><p class="pp-class-164 pp-area-text"><span class="pp-class-185 pa t45210 l3">The </span><span class="pp-class-185 pa t45210 l45211 ls379">overview </span><span class="pp-class-185 pa t45210 l45212">below </span><span class="pp-class-185 pa t45210 l45213 ls1378">lists </span><span class="pp-class-185 pa t45210 l45214">the </span><span class="pp-class-185 pa t45210 l45215 ls234">companies </span><span class="pp-class-185 pa t45210 l21354">in </span><span class="pp-class-185 pa t45210 l45216">the </span><span class="pp-class-185 pa t45210 l45217">DSV </span><span class="pp-class-185 pa t45210 l45218 ls52">Group </span><span class="pp-class-185 pa t45210 l45219">at </span><span class="pp-class-185 pa t45220 l3">31 </span><span class="pp-class-185 pa t45220 l45221 ls187">December </span><span class="pp-class-185 pa t45220 l45222">2025, </span><span class="pp-class-185 pa t45220 l45223">showing </span><span class="pp-class-185 pa t45220 l45224">the </span><span class="pp-class-185 pa t45220 l45225 ls234">companies </span><span class="pp-class-185 pa t45220 l41990">by </span><span class="pp-class-185 pa t45220 l45226">segment </span><span class="pp-class-185 pa t45220 l45227">and </span><span class="pp-class-185 pa t45220 l45228 ls2061">not </span><span class="pp-class-185 pa t45229 l3">by </span><span class="pp-class-185 pa t45229 l45230">legal </span><span class="pp-class-185 pa t45229 l45231 ls4053">structure.</span></p></div></div><div id="pp-id-4557" xmlns="http://www.w3.org/1999/xhtml"><div class="w45232 h3295 pa t2 l3 wtro4 xx2922 tro6 xx2923"><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t3293 l3 ls3301">Activity:</span></p></div></div><div id="pp-id-4634" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45233 pa t2 l3 wtro4 xx199 tro6 xx200"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45234 l3 ls2495">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45234 l4931 ls1440">Country</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45235 ls1853">Ownership </span><span class="pp-class-182 pa t45234 l45236 ls2273">share</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45234 l45237 ls1122">Activity</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t45238 l3 ls15855">Parent</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45239 l3 ls6357">DSV </span><span class="pp-class-182 pa t45239 l45240 ls2050">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45239 l45241">Denmark</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4606"><div id="pp-id-4558"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4570"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4582"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-4594"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMvwAh4lIzALikipYICBBJIjAAbMEpGIBuQCUzhWEIU4Nu++/5NSgkcTpeILTZYycx4YDv03ROalJLD6dIugSJ+M6Md+m5s9sdzxPhDLsyIQR7jn0x2rkGeuZY2qKteWId/xjdBXqaWKcjnrOVWrlTTZcY1LB9s/U4qj3sFGPpuRMQd04c4YYe4ON6uJy0/0eShcQAAAABJRU5ErkJggg=="/></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4613"><div id="pp-id-4607"><div class="pp-class-189" id="pp-id-4559"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4571"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4583"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4595"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4621"><div class="pp-class-189" id="pp-id-4615"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFEAAAAaCAYAAADPELCZAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAWElEQVRoQ+3QoQHAIBDAwNL9l2KyZwQEkXc6Kmtm5uPF/m8FdyYGTAyYGDAxYGLAxICJARMDJgZMDJgYMDFgYsDEgIkBEwMmBkwMmBgwMWBiwMSAiQETAwfsuATx8Wz24QAAAABJRU5ErkJggg=="/></div><div id="pp-id-4618"><div class="pp-class-189" id="pp-id-4561"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4573"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmElEQVQoU5XRQQ3CQBCF4a9rgEMFsEmNrAQkFQdIAAc4AAkVAAm9Q0IVLIdtE9JDKf91/kzezKtyzuB6f0W02GGjMOCMNjX1A6qcs+v9lcbBJM4ZkFJTd9Xl9ozoFuSJATEoMX7JFOcQlMxrScG67RPb8MuYE5Rj1tIH5Z1rOf7/1rHBZDnaVNw7QGrqDhEn9F9ijz3i6PgAAhcsGRHrC1YAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-4585"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAdklEQVQoU52RQQ3EMAwENyHQQgiEQjhoByUQDlLLwEUwfSRWo3wc3Uj+2GNZ8gpQrwJUwHix3ivuufyZxBkDDl8ogewYsIt2cpWaAJO0aY0rAUTWSI6EmSzpjqSBK0v6RdZA/eutooWyHJzXTsvkHMQT+PaZAD1PxEE9zYq6XAAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4597"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAdklEQVQoU52RQQ3EMAwENyHQQgiEQjhoByUQDlLLwEUwfSRWo3wc3Uj+2GNZ8gpQrwJUwHix3ivuufyZxBkDDl8ogewYsIt2cpWaAJO0aY0rAUTWSI6EmSzpjqSBK0v6RdZA/eutooWyHJzXTsvkHMQT+PaZAD1PxEE9zYq6XAAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4625"><div id="pp-id-4616"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFEAAAAaCAYAAADPELCZAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVUlEQVRoQ+3QoQEAIAzAMOD/n8cJCCoTXdU9M4s/5xXwZmLAxICJARMDJgZMDJgYMDFgYsDEgIkBEwMmBkwMmBgwMWBiwMSAiQETAyYGTAyYGDAxcAEeMAMxvi8mVgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4619"><div id="pp-id-4563"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-4575"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmElEQVQoU5XRQQ3CQBCF4a9rgEMFsEmNrAQkFQdIAAc4AAkVAAm9Q0IVLIdtE9JDKf91/kzezKtyzuB6f0W02GGjMOCMNjX1A6qcs+v9lcbBJM4ZkFJTd9Xl9ozoFuSJATEoMX7JFOcQlMxrScG67RPb8MuYE5Rj1tIH5Z1rOf7/1rHBZDnaVNw7QGrqDhEn9F9ijz3i6PgAAhcsGRHrC1YAAAAASUVORK5CYII="/></div><div id="pp-id-4587"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4599"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4624"><div id="pp-id-4622"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-4623"><div class="pp-class-189" id="pp-id-4562"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4574"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmElEQVQoU5XRQQ3CQBCF4a9rgEMFsEmNrAQkFQdIAAc4AAkVAAm9Q0IVLIdtE9JDKf91/kzezKtyzuB6f0W02GGjMOCMNjX1A6qcs+v9lcbBJM4ZkFJTd9Xl9ozoFuSJATEoMX7JFOcQlMxrScG67RPb8MuYE5Rj1tIH5Z1rOf7/1rHBZDnaVNw7QGrqDhEn9F9ijz3i6PgAAhcsGRHrC1YAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-4586"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAl0lEQVQoU43RPRXCMBRA4a8xgAMaKV27sYAecIAEWDsxgY1KIA6ogjCkOYfDALnru++/yzmDx6GPOGKHjcKCG47jlJ7Q5Zw9Dv2wBqr4zYJhnNLc3ffbiPmHXFkQgzLGP5ninIMycytD0Fa90od/xjdBWaaVFJRztnKpV2rpsuAc1g8OfifVx70CjFOaEXFF+hATToir4w0N6i6PStG+sAAAAABJRU5ErkJggg=="/></div><div id="pp-id-4598"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-4633"><div id="pp-id-4631"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEsAAAAaCAYAAAD/nKG4AAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QIQLAIBDAsLH///mQSKhPdFXXzHy8+W8Bh1mBWYFZgVmBWYFZgVmBWYFZgVmBWYFZgVmBWYFZgVmBWYFZgVmBWYFZgVmBWYFZwQaTOAMxfRp4ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-4632"><div id="pp-id-4569"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4581"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4593"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-4605"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMvwAh4lIzALikipYICBBJIjAAbMEpGIBuQCUzhWEIU4Nu++/5NSgkcTpeILTZYycx4YDv03ROalJLD6dIugSJ+M6Md+m5s9sdzxPhDLsyIQR7jn0x2rkGeuZY2qKteWId/xjdBXqaWKcjnrOVWrlTTZcY1LB9s/U4qj3sFGPpuRMQd04c4YYe4ON6uJy0/0eShcQAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t45242 l3 ls83">Subsidiaries</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t45243 l3 ls2668">Europe</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45244 l3">DSV </span><span class="pp-class-182 pa t45244 l7682 ls946">Andorra, </span><span class="pp-class-182 pa t45244 l45245 ls2287">SLU</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45244 l45246 ls1418">Andorra</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45244 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45248 l3">DSV </span><span class="pp-class-182 pa t45248 l7682">Air </span><span class="pp-class-182 pa t45248 l45249">&amp; </span><span class="pp-class-182 pa t45248 l45250 ls226">Sea </span><span class="pp-class-182 pa t45248 l45251">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45248 l729 ls143">Austria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45248 l45247">100.0%</span></p></div><div><div id="pp-id-4614"><div id="pp-id-4608"><div class="pp-class-189" id="pp-id-4560"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4572"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4584"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-4596"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMvwAh4lIzALikipYICBBJIjAAbMEpGIBuQCUzhWEIU4Nu++/5NSgkcTpeILTZYycx4YDv03ROalJLD6dIugSJ+M6Md+m5s9sdzxPhDLsyIQR7jn0x2rkGeuZY2qKteWId/xjdBXqaWKcjnrOVWrlTTZcY1LB9s/U4qj3sFGPpuRMQd04c4YYe4ON6uJy0/0eShcQAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45252 l3">DSV </span><span class="pp-class-182 pa t45252 l7682 ls107">Road </span><span class="pp-class-182 pa t45252 l45253">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45252 l729 ls143">Austria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45252 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45254 l3">SCHENKER </span><span class="pp-class-182 pa t45254 l45255">&amp; </span><span class="pp-class-182 pa t45254 l45256 ls3187">CO </span><span class="pp-class-182 pa t45254 l45257 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45254 l729 ls143">Austria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45254 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45258 l3">DSV </span><span class="pp-class-182 pa t45258 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45258 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45258 l45259">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45258 l729 ls143">Austria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45258 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45260 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45260 l45261 ls1122">Central </span><span class="pp-class-182 pa t45260 l45262 ls4172">Asia </span><span class="pp-class-182 pa t45260 l45263">EC </span><span class="pp-class-182 pa t45264 l3">- </span><span class="pp-class-182 pa t45264 l45265 ls101">Azerbaijan </span><span class="pp-class-182 pa t45264 l45266 ls147">Branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45260 l45267 ls158">Azerbaijan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45260 l45247">100.0%</span></p></div><div><div id="pp-id-4626"><div id="pp-id-4609"><div class="pp-class-189" id="pp-id-4564"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4576"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4588"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4600"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45268 l3">DB </span><span class="pp-class-182 pa t45268 l45269 ls1849">Schenker </span><span class="pp-class-182 pa t45268 l45270 ls2295">FLLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45268 l45271">Belarus</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45268 l45247">100.0%</span></p></div><div><div id="pp-id-4627"><div class="pp-class-189" id="pp-id-4617"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFEAAAAaCAYAAADPELCZAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAWElEQVRoQ+3QoQHAIBDAwNL9l2KyZwQEkXc6Kmtm5uPF/m8FdyYGTAyYGDAxYGLAxICJARMDJgZMDJgYMDFgYsDEgIkBEwMmBkwMmBgwMWBiwMSAiQETAwfsuATx8Wz24QAAAABJRU5ErkJggg=="/></div><div id="pp-id-4620"><div class="pp-class-189" id="pp-id-4565"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4577"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmElEQVQoU5XRQQ3CQBCF4a9rgEMFsEmNrAQkFQdIAAc4AAkVAAm9Q0IVLIdtE9JDKf91/kzezKtyzuB6f0W02GGjMOCMNjX1A6qcs+v9lcbBJM4ZkFJTd9Xl9ozoFuSJATEoMX7JFOcQlMxrScG67RPb8MuYE5Rj1tIH5Z1rOf7/1rHBZDnaVNw7QGrqDhEn9F9ijz3i6PgAAhcsGRHrC1YAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-4589"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAdklEQVQoU52RQQ3EMAwENyHQQgiEQjhoByUQDlLLwEUwfSRWo3wc3Uj+2GNZ8gpQrwJUwHix3ivuufyZxBkDDl8ogewYsIt2cpWaAJO0aY0rAUTWSI6EmSzpjqSBK0v6RdZA/eutooWyHJzXTsvkHMQT+PaZAD1PxEE9zYq6XAAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-4601"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAdklEQVQoU52RQQ3EMAwENyHQQgiEQjhoByUQDlLLwEUwfSRWo3wc3Uj+2GNZ8gpQrwJUwHix3ivuufyZxBkDDl8ogewYsIt2cpWaAJO0aY0rAUTWSI6EmSzpjqSBK0v6RdZA/eutooWyHJzXTsvkHMQT+PaZAD1PxEE9zYq6XAAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45272 l3">DSV </span><span class="pp-class-182 pa t45272 l7682">Air </span><span class="pp-class-182 pa t45272 l45249">&amp; </span><span class="pp-class-182 pa t45272 l45250 ls226">Sea </span><span class="pp-class-182 pa t45272 l45251">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45272 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45272 l45247">100.0%</span></p></div><div><div id="pp-id-4628"><div id="pp-id-4610"><div class="pp-class-189" id="pp-id-4566"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4578"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4590"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4602"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45274 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45274 l45261 ls1866">World </span><span class="pp-class-182 pa t45274 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45274 l45276 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45274 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45274 l45247">100.0%</span></p></div><div><div id="pp-id-4629"><div id="pp-id-4611"><div class="pp-class-189" id="pp-id-4567"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4579"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4591"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4603"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45277 l3">AD </span><span class="pp-class-182 pa t45277 l45278">Handling </span><span class="pp-class-182 pa t45277 l1489">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45277 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45277 l45247">100.0%</span></p></div><div><div id="pp-id-4630"><div id="pp-id-4612"><div class="pp-class-189" id="pp-id-4568"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAmklEQVQoU43Ruw3CMBRA0RMLakbAK8AEGYE228AGjAANtEwSZQSyAalTmMKxhCjAt333/ZuUEljv7xFHHLCRmfDAce67JzQpJev9vV0CRfxmQjv33dCsdreI4YdcmBCDPMY/meycgzxzLW1QV72wDf+Mb4K8TC1jkM9Zy6VcqabLhHNYPtj6nVQe9wow992AiCvGD3HECXFxvAGjPS954XFWHgAAAABJRU5ErkJggg=="/></div><div id="pp-id-4580"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4592"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-4604"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45279 l3 ls1217">ABX </span><span class="pp-class-182 pa t45279 l45280 ls1740">Worldwide </span><span class="pp-class-182 pa t45279 l45281">Holdings </span><span class="pp-class-182 pa t45279 l45282 ls7025">NV/SA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45279 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45279 l45247">100.0%</span></p></div></div></div><div id="pp-id-4635" xmlns="http://www.w3.org/1999/xhtml"><div class="w45283 h3295 pa t2 l3 wtro4 xx3291 tro6 xx3292"><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t3293 l3">Air </span><span class="pp-class-182 pa t3293 l45284">&amp; </span><span class="pp-class-182 pa t3293 l45285 ls1378">Sea</span></p></div></div><div id="pp-id-4636" xmlns="http://www.w3.org/1999/xhtml"><div class="w45283 h3295 pa t2 l3 wtro4 xx3291 tro6 xx3292"><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t3293 l3 ls2061">Road</span></p></div></div><div id="pp-id-4637" xmlns="http://www.w3.org/1999/xhtml"><div class="w45286 h3295 pa t2 l3 wtro4 xx3291 tro6 xx3292"><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t3293 l3 ls1378">Contract </span><span class="pp-class-182 pa t3293 l45287 ls101">Logistics</span></p></div></div><div id="pp-id-4638" xmlns="http://www.w3.org/1999/xhtml"><div class="w45283 h3295 pa t2 l3 wtro4 xx3291 tro6 xx3292"><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t3293 l3 ls52">Group</span></p></div></div><div class="pp-class-4" id="pp-id-7970" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45288 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls107">Road </span><span class="pp-class-182 pa t45198 l45253">Holding </span><span class="pp-class-182 pa t45198 l45291">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7224"><div id="pp-id-7047"><div class="pp-class-189" id="pp-id-4704"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5273"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5842"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6411"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7043"><div id="pp-id-4639"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6979"><div id="pp-id-4703"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5272"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5841"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6410"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7863"><div id="pp-id-7239"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7530"><div id="pp-id-4713"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5282"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5851"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6420"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7816"><div id="pp-id-7234"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7525"><div id="pp-id-4705"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5274"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5843"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6412"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7842"><div id="pp-id-7237"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7528"><div id="pp-id-4708"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5277"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5846"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6415"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7854"><div id="pp-id-4640"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6980"><div class="pp-class-189" id="pp-id-4710"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5279"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5848"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6417"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7949"><div id="pp-id-7242"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7533"><div id="pp-id-4721"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5290"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5859"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6428"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251">Belgium </span><span class="pp-class-182 pa t45292 l45293">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45294 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45294 l45259">NV </span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45295 l45296 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-7826"><div id="pp-id-7235"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7526"><div id="pp-id-4706"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5275"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5844"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6413"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls6634">Real </span><span class="pp-class-182 pa t45297 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45297 l45298">Ghent </span><span class="pp-class-182 pa t45297 l45299">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7832"><div id="pp-id-7236"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7527"><div id="pp-id-4707"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5276"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5845"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6414"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3">DSV </span><span class="pp-class-182 pa t45300 l7682 ls107">Road </span><span class="pp-class-182 pa t45300 l45253 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3 ls1849">MCI </span><span class="pp-class-182 pa t45301 l45302 ls1416">Brokers </span><span class="pp-class-182 pa t45301 l45303 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45304">99.9%</span></p></div><div><div id="pp-id-7848"><div id="pp-id-7238"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7529"><div id="pp-id-4709"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5278"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5847"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6416"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45305 l45306">NV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45273">Belgium</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">SCHENKER </span><span class="pp-class-182 pa t45307 l45255">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45308">Bosnia </span><span class="pp-class-182 pa t45307 l45309">And </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45311 ls1428">Herzegovina</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-7856"><div id="pp-id-4641"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6981"><div class="pp-class-189" id="pp-id-4711"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5280"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5849"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6418"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3">DSV </span><span class="pp-class-182 pa t45312 l7682">Air </span><span class="pp-class-182 pa t45312 l45249">&amp; </span><span class="pp-class-182 pa t45312 l45250 ls226">Sea </span><span class="pp-class-182 pa t45312 l45251">EOOD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45313">Bulgaria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45247">100.0%</span></p></div><div><div id="pp-id-7860"><div id="pp-id-7048"><div class="pp-class-189" id="pp-id-4712"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5281"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5850"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6419"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3">DSV </span><span class="pp-class-182 pa t45314 l7682 ls107">Road </span><span class="pp-class-182 pa t45314 l45253">EOOD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45313">Bulgaria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3">SCHENKER </span><span class="pp-class-182 pa t45315 l45255">EOOD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45313">Bulgaria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-7865"><div id="pp-id-4642"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6982"><div class="pp-class-189" id="pp-id-4714"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5283"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5852"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6421"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">DSV </span><span class="pp-class-182 pa t45316 l7682 ls107">Road </span><span class="pp-class-182 pa t45316 l45253 ls1122">Croatia </span><span class="pp-class-182 pa t45316 l45317">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45318 ls1418">Croatia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><div id="pp-id-7938"><div id="pp-id-7866"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7902"><div class="pp-class-189" id="pp-id-4715"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5284"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5853"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6422"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3">DSV </span><span class="pp-class-182 pa t45319 l7682">Air </span><span class="pp-class-182 pa t45319 l45249">&amp; </span><span class="pp-class-182 pa t45319 l45250 ls226">Sea </span><span class="pp-class-182 pa t45319 l45251 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45319 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-7940"><div id="pp-id-7049"><div class="pp-class-189" id="pp-id-4716"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5285"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5854"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6423"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682">Air </span><span class="pp-class-182 pa t45322 l45249">&amp; </span><span class="pp-class-182 pa t45322 l45250 ls226">Sea </span><span class="pp-class-182 pa t45322 l45251 ls1502">Czech </span><span class="pp-class-182 pa t45322 l45323 ls1849">Republic </span><span class="pp-class-182 pa t45322 l45324 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45322 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><div id="pp-id-7942"><div id="pp-id-7050"><div class="pp-class-189" id="pp-id-4717"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5286"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5855"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6424"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l3">DSV </span><span class="pp-class-182 pa t45325 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45325 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45325 l45259 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45325 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45247">100.0%</span></p></div><div><div id="pp-id-7943"><div id="pp-id-7240"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7531"><div id="pp-id-4718"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5287"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5856"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6425"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l3">DSV </span><span class="pp-class-182 pa t45326 l7682 ls107">Road </span><span class="pp-class-182 pa t45326 l45253">a.s.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45326 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45247">100.0%</span></p></div><div><div id="pp-id-7947"><div id="pp-id-7241"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7532"><div id="pp-id-4719"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5288"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5857"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6426"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l3">SCHENKER </span><span class="pp-class-182 pa t45327 l45255">spol. </span><span class="pp-class-182 pa t45327 l45328">s </span><span class="pp-class-182 pa t45327 l18702 ls6991">r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45320 ls1502">Czech </span><span class="pp-class-182 pa t45327 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45247">100.0%</span></p></div><div><div id="pp-id-7948"><div id="pp-id-4643"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6983"><div class="pp-class-189" id="pp-id-4720"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5289"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5858"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6427"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l3">DSV </span><span class="pp-class-182 pa t45329 l7682 ls1129">Insurance </span><span class="pp-class-182 pa t45329 l45330 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l3">DSV </span><span class="pp-class-182 pa t45331 l7682 ls2432">Group </span><span class="pp-class-182 pa t45331 l4342 ls3185">Services </span><span class="pp-class-182 pa t45331 l45332 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45247">100.0%</span></p></div><div><div id="pp-id-7952"><div id="pp-id-7243"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7534"><div id="pp-id-4722"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5291"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5860"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6429"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l3">DSV </span><span class="pp-class-182 pa t45333 l7682 ls5508">FS </span><span class="pp-class-182 pa t45333 l45334 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45247">100.0%</span></p></div><div><div id="pp-id-7953"><div id="pp-id-7244"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7535"><div id="pp-id-4723"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5292"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5861"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6430"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l3">DSV </span><span class="pp-class-182 pa t45335 l7682 ls107">Road </span><span class="pp-class-182 pa t45335 l45253 ls44869">A/S </span><span class="pp-class-182 pa t45335 l45336">- </span><span class="pp-class-182 pa t45335 l45337 ls1595">Energy </span><span class="pp-class-182 pa t45335 l45338 ls147">branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45247">100.0%</span></p></div><div><div id="pp-id-7955"><div id="pp-id-7245"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7536"><div id="pp-id-4724"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5293"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5862"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6431"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l3">DSV </span><span class="pp-class-182 pa t45339 l7682">Air </span><span class="pp-class-182 pa t45339 l45249">&amp; </span><span class="pp-class-182 pa t45339 l45250 ls226">Sea </span><span class="pp-class-182 pa t45339 l45251">Holding </span><span class="pp-class-182 pa t45339 l45340 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45247">100.0%</span></p></div><div><div id="pp-id-7957"><div id="pp-id-7051"><div class="pp-class-189" id="pp-id-4725"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5294"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5863"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6432"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l3">DSV </span><span class="pp-class-182 pa t45341 l7682">Air </span><span class="pp-class-182 pa t45341 l45249">&amp; </span><span class="pp-class-182 pa t45341 l45250 ls226">Sea </span><span class="pp-class-182 pa t45341 l45251 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45247">100.0%</span></p></div><div><div id="pp-id-7959"><div id="pp-id-7867"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7903"><div class="pp-class-189" id="pp-id-4726"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5295"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5864"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6433"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l3">DSV </span><span class="pp-class-182 pa t45342 l7682 ls946">Ocean </span><span class="pp-class-182 pa t45342 l45343 ls6801">Transport </span><span class="pp-class-182 pa t45342 l45344 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45247">100.0%</span></p></div><div><div id="pp-id-7960"><div id="pp-id-7052"><div class="pp-class-189" id="pp-id-4727"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5296"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5865"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6434"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l3">PC </span><span class="pp-class-182 pa t45345 l45346">KH </span><span class="pp-class-182 pa t45345 l45347">ApS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45247">100.0%</span></p></div><div><div id="pp-id-7961"><div id="pp-id-7053"><div class="pp-class-189" id="pp-id-4728"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5297"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5866"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6435"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3">DSV </span><span class="pp-class-182 pa t45348 l7682">Air </span><span class="pp-class-182 pa t45348 l45249">&amp; </span><span class="pp-class-182 pa t45348 l45250 ls226">Sea </span><span class="pp-class-182 pa t45348 l45251">Denmark </span><span class="pp-class-182 pa t45348 l45349">ApS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-7962"><div id="pp-id-7054"><div class="pp-class-189" id="pp-id-4729"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5298"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5867"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6436"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3">DSV </span><span class="pp-class-182 pa t45350 l7682">Solutions </span><span class="pp-class-182 pa t45350 l45351">Holding </span><span class="pp-class-182 pa t45350 l45352 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-7964"><div id="pp-id-7246"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7537"><div id="pp-id-4730"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5299"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5868"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6437"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l3">DSV </span><span class="pp-class-182 pa t45353 l7682">Solutions </span><span class="pp-class-182 pa t45353 l45351 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45247">100.0%</span></p></div><div><div id="pp-id-7967"><div id="pp-id-7247"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7538"><div id="pp-id-4731"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5300"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5869"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6438"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8050" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45288 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls2239">DSV </span><span class="pp-class-182 pa t45198 l45354 ls19240">Real </span><span class="pp-class-182 pa t45198 l45355 ls1464">Estate </span><span class="pp-class-182 pa t45198 l45356 ls4462">Hedeland </span><span class="pp-class-182 pa t45198 l45357 ls22513">Workshop </span><span class="pp-class-182 pa t45198 l45358 ls851">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7990"><div id="pp-id-7055"><div class="pp-class-189" id="pp-id-4738"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5307"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5876"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6445"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7992"><div class="pp-class-189" id="pp-id-7254"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7545"><div class="pp-class-189" id="pp-id-4739"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5308"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5877"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6446"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7971"><div id="pp-id-7248"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7539"><div id="pp-id-4732"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5301"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5870"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6439"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7817"><div id="pp-id-7250"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7541"><div id="pp-id-4734"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5303"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5872"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6441"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7857"><div id="pp-id-4644"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6984"><div class="pp-class-189" id="pp-id-4740"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5309"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5878"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6447"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8026"><div id="pp-id-7262"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7553"><div id="pp-id-4750"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5319"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5888"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6457"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682 ls6634">Real </span><span class="pp-class-182 pa t45292 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45292 l45298 ls3342">Magdeburg </span><span class="pp-class-182 pa t45292 l45359 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7981"><div id="pp-id-7249"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7540"><div id="pp-id-4733"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5302"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5871"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6440"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682 ls107">Road </span><span class="pp-class-182 pa t45294 l45253">Holding </span><span class="pp-class-182 pa t45294 l45291 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682 ls107">Road </span><span class="pp-class-182 pa t45295 l45253 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-7827"><div id="pp-id-7251"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7542"><div id="pp-id-4735"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5304"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5873"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6442"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls6634">Real </span><span class="pp-class-182 pa t45297 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45297 l45298">Hedeland </span><span class="pp-class-182 pa t45297 l45360">5 </span><span class="pp-class-182 pa t45297 l45361 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7833"><div id="pp-id-7252"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7543"><div id="pp-id-4736"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5305"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5874"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6443"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3">DSV </span><span class="pp-class-182 pa t45300 l7682 ls107">Road </span><span class="pp-class-182 pa t45300 l45253 ls3185">Services </span><span class="pp-class-182 pa t45300 l45362 ls45132">A/S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45241">Denmark</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><div id="pp-id-7843"><div id="pp-id-7253"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7544"><div id="pp-id-4737"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5306"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5875"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6444"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3 ls8044">Sky </span><span class="pp-class-182 pa t45301 l45363 ls4053">Partners </span><span class="pp-class-182 pa t45301 l36684">OÜ</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45364 ls2476">Estonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682 ls826">Estonia </span><span class="pp-class-182 pa t45305 l45365">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45364 ls2476">Estonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">DSV </span><span class="pp-class-182 pa t45307 l7682 ls107">Road </span><span class="pp-class-182 pa t45307 l45253">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45364 ls2476">Estonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">DSV </span><span class="pp-class-182 pa t45366 l7682">Air </span><span class="pp-class-182 pa t45366 l45249">&amp; </span><span class="pp-class-182 pa t45366 l45250 ls226">Sea </span><span class="pp-class-182 pa t45366 l45251">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-7995"><div id="pp-id-7056"><div class="pp-class-189" id="pp-id-4741"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5310"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5879"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6448"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3">DSV </span><span class="pp-class-182 pa t45368 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45368 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45368 l45259">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><div id="pp-id-8000"><div id="pp-id-7255"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7546"><div id="pp-id-4742"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5311"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5880"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6449"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3 ls428">Rengaslinja </span><span class="pp-class-182 pa t45369 l45370">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><div id="pp-id-8002"><div id="pp-id-7256"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7547"><div id="pp-id-4743"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5312"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5881"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6450"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">DSV </span><span class="pp-class-182 pa t45371 l7682 ls107">Road </span><span class="pp-class-182 pa t45371 l45253">Suomi </span><span class="pp-class-182 pa t45371 l45372">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><div id="pp-id-8005"><div id="pp-id-7257"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7548"><div id="pp-id-4744"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5313"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5882"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6451"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3">DSV </span><span class="pp-class-182 pa t45373 l7682 ls107">Road </span><span class="pp-class-182 pa t45373 l45253">Oy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8007"><div id="pp-id-7868"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7904"><div class="pp-class-189" id="pp-id-4745"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5314"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5883"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6452"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3 ls218">Kiinteistö </span><span class="pp-class-182 pa t45374 l45375">Oy </span><span class="pp-class-182 pa t45374 l45376 ls13583">Tir-Trans</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8008"><div id="pp-id-7258"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7549"><div id="pp-id-4746"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5315"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5884"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6453"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3 ls218">Kiinteistö </span><span class="pp-class-182 pa t45377 l45375">Oy </span><span class="pp-class-182 pa t45377 l45376 ls1552">Tampereen </span><span class="pp-class-182 pa t45377 l45378">Rahtiasema</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><div id="pp-id-8013"><div id="pp-id-7259"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7550"><div id="pp-id-4747"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5316"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5885"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6454"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3 ls228">Kiinteistö </span><span class="pp-class-182 pa t45379 l45380 ls851">Oy </span><span class="pp-class-182 pa t45379 l45381 ls1410">Seinäjoen </span><span class="pp-class-182 pa t45379 l27341 ls1502">Kiitolinja-asema</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><div id="pp-id-8016"><div id="pp-id-7260"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7551"><div id="pp-id-4748"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5317"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5886"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6455"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3 ls218">Kiinteistö </span><span class="pp-class-182 pa t45382 l45375">Oy </span><span class="pp-class-182 pa t45382 l45376 ls44876">Turun </span><span class="pp-class-182 pa t45382 l45383 ls158">Nosturinkatu </span><span class="pp-class-182 pa t45382 l45384">6</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45367 ls455">Finland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8021"><div id="pp-id-7261"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7552"><div id="pp-id-4749"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5318"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5887"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6456"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3">DB </span><span class="pp-class-182 pa t45385 l45269 ls2688">France </span><span class="pp-class-182 pa t45385 l45386">Holding </span><span class="pp-class-182 pa t45385 l45387">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3">DSV </span><span class="pp-class-182 pa t45389 l7682">Air </span><span class="pp-class-182 pa t45389 l45249">&amp; </span><span class="pp-class-182 pa t45389 l45250 ls226">Sea </span><span class="pp-class-182 pa t45389 l45251">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8030"><div id="pp-id-7057"><div class="pp-class-189" id="pp-id-4751"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5320"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5889"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6458"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3">Air </span><span class="pp-class-182 pa t45390 l45284 ls2668">Terminal </span><span class="pp-class-182 pa t45390 l45391">Handling </span><span class="pp-class-182 pa t45390 l31478">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8031"><div id="pp-id-7058"><div class="pp-class-189" id="pp-id-4752"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5321"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5890"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6459"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3">DSV </span><span class="pp-class-182 pa t45392 l7682 ls149">International </span><span class="pp-class-182 pa t45392 l8721">Air </span><span class="pp-class-182 pa t45392 l45393">&amp; </span><span class="pp-class-182 pa t45392 l45394 ls226">Sea </span><span class="pp-class-182 pa t45392 l45395 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8032"><div id="pp-id-7059"><div class="pp-class-189" id="pp-id-4753"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5322"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5891"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6460"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3">DSV </span><span class="pp-class-182 pa t45396 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45396 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45396 l45259">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8034"><div id="pp-id-7263"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7554"><div id="pp-id-4754"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5323"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5892"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6461"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l3">DSV </span><span class="pp-class-182 pa t45397 l7682 ls107">Road </span><span class="pp-class-182 pa t45397 l45253">Holding </span><span class="pp-class-182 pa t45397 l45291 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45247">100.0%</span></p></div><div><div id="pp-id-8038"><div id="pp-id-7264"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7555"><div id="pp-id-4755"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5324"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5893"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6462"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l3">DSV </span><span class="pp-class-182 pa t45399 l7682 ls107">Road </span><span class="pp-class-182 pa t45399 l45253">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45247">100.0%</span></p></div><div><div id="pp-id-8041"><div id="pp-id-7265"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7556"><div id="pp-id-4756"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5325"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5894"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6463"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l3 ls3968">ASIMEX </span><span class="pp-class-182 pa t45400 l21852 ls2022">Anterist </span><span class="pp-class-182 pa t45400 l45401">+ </span><span class="pp-class-182 pa t45400 l45402">Schneider </span><span class="pp-class-182 pa t45400 l45403 ls1915">Import </span><span class="pp-class-182 pa t45345 l3">- </span><span class="pp-class-182 pa t45345 l45265 ls9321">Export </span><span class="pp-class-182 pa t45345 l45404">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45247">100.0%</span></p></div><div><div id="pp-id-8044"><div id="pp-id-7266"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7557"><div id="pp-id-4757"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5326"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5895"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6464"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3">SCHENKER </span><span class="pp-class-182 pa t45348 l45255 ls379">FRANCE </span><span class="pp-class-182 pa t45348 l45405">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-8048"><div id="pp-id-4645"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6985"><div class="pp-class-189" id="pp-id-4758"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5327"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5896"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6465"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3 ls147">ATLANTIQUE </span><span class="pp-class-182 pa t45350 l45406 ls552">EXPRESS </span><span class="pp-class-182 pa t45350 l45407">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-7965"><div id="pp-id-7267"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7558"><div id="pp-id-4759"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5328"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5897"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6466"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l3 ls164">Les </span><span class="pp-class-182 pa t45353 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t45353 l45409 ls265">Francais </span><span class="pp-class-182 pa t45353 l45410">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45247">100.0%</span></p></div><div><div id="pp-id-7968"><div id="pp-id-7268"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7559"><div id="pp-id-4760"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5329"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5898"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6467"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8108" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45198 l45261 ls1122">Georgia </span><span class="pp-class-182 pa t45198 l45317 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45414 ls1418">Georgia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8065"><div id="pp-id-7060"><div class="pp-class-189" id="pp-id-4761"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5330"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5899"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6468"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8099"><div class="pp-class-189" id="pp-id-7281"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7572"><div class="pp-class-189" id="pp-id-4781"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5350"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5919"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6488"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8086"><div id="pp-id-7274"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7565"><div id="pp-id-4773"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5342"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5911"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6480"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8092"><div id="pp-id-7278"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7569"><div id="pp-id-4777"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5346"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5915"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6484"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8070"><div id="pp-id-7869"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7905"><div class="pp-class-189" id="pp-id-4764"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5333"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5902"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6471"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7982"><div id="pp-id-7269"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7560"><div id="pp-id-4762"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5331"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5900"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6469"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682 ls2432">Group </span><span class="pp-class-182 pa t45292 l4342 ls3185">Services </span><span class="pp-class-182 pa t45292 l45332">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682">Holding </span><span class="pp-class-182 pa t45294 l45416">Germany </span><span class="pp-class-182 pa t45294 l45417">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7818"><div id="pp-id-7270"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7561"><div id="pp-id-4763"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5332"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5901"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6470"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45295 l45306 ls1732">Aktiengesellschaft</span><span class="pp-class-186 pa t45418 l45419">1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45297 l45306 ls5508">AG </span><span class="pp-class-182 pa t45297 l45420">&amp; </span><span class="pp-class-182 pa t45297 l45421 ls1849">Co. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3 ls461">Beteiligungsverwaltungs </span><span class="pp-class-182 pa t45422 l45423">OHG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7834"><div id="pp-id-7271"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7562"><div id="pp-id-4765"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5334"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5903"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6472"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45424 l45306">GmbH </span><span class="pp-class-182 pa t45424 l45425">für </span><span class="pp-class-182 pa t45424 l45426 ls1849">Beteiligungen</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8071"><div id="pp-id-7272"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7563"><div id="pp-id-4766"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5335"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5904"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6473"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45427 l45306">Global </span><span class="pp-class-182 pa t45427 l45428 ls205">Management </span><span class="pp-class-182 pa t45427 l45429">&amp; </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3 ls3185">Services </span><span class="pp-class-182 pa t45430 l45431">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><div id="pp-id-8074"><div id="pp-id-7273"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7564"><div id="pp-id-4767"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5336"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5905"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6474"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3">DSV </span><span class="pp-class-182 pa t45432 l7682">Air </span><span class="pp-class-182 pa t45432 l45249">&amp; </span><span class="pp-class-182 pa t45432 l45250 ls226">Sea </span><span class="pp-class-182 pa t45432 l45251">Germany </span><span class="pp-class-182 pa t45432 l45433">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45247">100.0%</span></p></div><div><div id="pp-id-8076"><div id="pp-id-7061"><div class="pp-class-189" id="pp-id-4768"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5337"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5906"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6475"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45434 l45306">Deutschland </span><span class="pp-class-182 pa t45434 l45435 ls5508">AG </span><span class="pp-class-182 pa t45434 l45436 ls1430">i.V. </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l3">SCHENKER </span><span class="pp-class-182 pa t45437 l45255 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45247">100.0%</span></p></div><div><div id="pp-id-8079"><div id="pp-id-4646"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6986"><div class="pp-class-189" id="pp-id-4769"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5338"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5907"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6476"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3">DSV </span><span class="pp-class-182 pa t45438 l7682">Air </span><span class="pp-class-182 pa t45438 l45249">&amp; </span><span class="pp-class-182 pa t45438 l45250 ls226">Sea </span><span class="pp-class-182 pa t45438 l45251">Deutschland </span><span class="pp-class-182 pa t45438 l45439">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45247">100.0%</span></p></div><div><div id="pp-id-8080"><div id="pp-id-7062"><div class="pp-class-189" id="pp-id-4770"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5339"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5908"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6477"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45440 l45306 ls455">Flight </span><span class="pp-class-182 pa t45440 l37337 ls3185">Services </span><span class="pp-class-182 pa t45440 l13814">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45247">100.0%</span></p></div><div><div id="pp-id-8083"><div id="pp-id-7063"><div class="pp-class-189" id="pp-id-4771"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5340"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5909"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6478"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3 ls6341">Schenker </span><span class="pp-class-182 pa t45441 l45442 ls24761">Europe </span><span class="pp-class-182 pa t45441 l19061 ls2263">GmbH </span><span class="pp-class-182 pa t45441 l45443 ls19121">i.V. </span><span class="pp-class-182 pa t45441 l45444 ls6341">Schenker </span><span class="pp-class-182 pa t45441 l45445 ls2239">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><div id="pp-id-8085"><div id="pp-id-7870"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7906"><div class="pp-class-189" id="pp-id-4772"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5341"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5910"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6479"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l3">DSV </span><span class="pp-class-182 pa t45446 l7682 ls3185">Services </span><span class="pp-class-182 pa t45446 l45447">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l3 ls1416">Bitergo </span><span class="pp-class-182 pa t45448 l45449">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l45247">100.0%</span></p></div><div><div id="pp-id-8088"><div id="pp-id-7275"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7566"><div id="pp-id-4774"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5343"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5912"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6481"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l3">DSV </span><span class="pp-class-182 pa t45450 l7682">Solutions </span><span class="pp-class-182 pa t45450 l45351 ls2432">Group </span><span class="pp-class-182 pa t45450 l45451">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45247">100.0%</span></p></div><div><div id="pp-id-8089"><div id="pp-id-7276"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7567"><div id="pp-id-4775"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5344"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5913"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6482"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l3">DSV </span><span class="pp-class-182 pa t45452 l7682">Solutions </span><span class="pp-class-182 pa t45452 l45351">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45247">100.0%</span></p></div><div><div id="pp-id-8090"><div id="pp-id-7277"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7568"><div id="pp-id-4776"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5345"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5914"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6483"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l3">DSV </span><span class="pp-class-182 pa t45453 l7682 ls1683">Stuttgart </span><span class="pp-class-182 pa t45453 l45454">GmbH </span><span class="pp-class-182 pa t45453 l20608">&amp; </span><span class="pp-class-182 pa t45453 l45455 ls1849">Co. </span><span class="pp-class-182 pa t45453 l45456 ls1464">KG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l3">DSV </span><span class="pp-class-182 pa t45457 l7682 ls1683">Stuttgart </span><span class="pp-class-182 pa t45457 l45454 ls6634">Verwaltung </span><span class="pp-class-182 pa t45457 l45458">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45247">100.0%</span></p></div><div><div id="pp-id-8093"><div id="pp-id-7279"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7570"><div id="pp-id-4778"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5347"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5916"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6485"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l3">DSV </span><span class="pp-class-182 pa t45459 l7682 ls75">Fairs </span><span class="pp-class-182 pa t45459 l45460">&amp; </span><span class="pp-class-182 pa t45459 l45461 ls556">Events </span><span class="pp-class-182 pa t45459 l45462">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l45247">100.0%</span></p></div><div><div id="pp-id-8095"><div id="pp-id-7871"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7907"><div id="pp-id-4779"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5348"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5917"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6486"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45463 l45306">Deutschland </span><span class="pp-class-182 pa t45463 l45435 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45247">100.0%</span></p></div><div><div id="pp-id-8097"><div id="pp-id-7280"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7571"><div id="pp-id-4780"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5349"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5918"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6487"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45464 l45306 ls12413">Technik </span><span class="pp-class-182 pa t45464 l45465">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45466 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45466 l45306 ls3962">Europe </span><span class="pp-class-182 pa t45466 l45467">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45466 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45466 l45247">100.0%</span></p></div><div><div id="pp-id-8101"><div id="pp-id-4647"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6987"><div class="pp-class-189" id="pp-id-4782"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5351"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5920"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6489"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45468 l3">SW </span><span class="pp-class-182 pa t45468 l45469 ls1119">Zoll-Beratung </span><span class="pp-class-182 pa t45468 l45470">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45468 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45468 l45247">100.0%</span></p></div><div><div id="pp-id-8102"><div id="pp-id-7872"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7908"><div id="pp-id-4783"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5352"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5921"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6490"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45471 l3">DSV </span><span class="pp-class-182 pa t45471 l7682 ls107">Road </span><span class="pp-class-182 pa t45471 l45253">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45471 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45471 l45247">100.0%</span></p></div><div><div id="pp-id-8103"><div id="pp-id-7282"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7573"><div id="pp-id-4784"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5353"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5922"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6491"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45472 l3">DSV </span><span class="pp-class-182 pa t45472 l7682">Air </span><span class="pp-class-182 pa t45472 l45249">&amp; </span><span class="pp-class-182 pa t45472 l45250 ls226">Sea </span><span class="pp-class-182 pa t45472 l45251">Single </span><span class="pp-class-182 pa t45472 l45473 ls455">Member </span><span class="pp-class-182 pa t45472 l45474 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45472 l45475 ls6804">Greece</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45472 l45247">100.0%</span></p></div><div><div id="pp-id-8104"><div id="pp-id-7064"><div class="pp-class-189" id="pp-id-4785"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5354"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5923"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6492"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45476 l3">DSV </span><span class="pp-class-182 pa t45476 l7682 ls107">Road </span><span class="pp-class-182 pa t45476 l45253">Single </span><span class="pp-class-182 pa t45476 l45477 ls455">Member </span><span class="pp-class-182 pa t45476 l45478 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45476 l45475 ls6804">Greece</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45476 l45247">100.0%</span></p></div><div><div id="pp-id-8105"><div id="pp-id-7283"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7574"><div id="pp-id-4786"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5355"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5924"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6493"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45479 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45479 l45306 ls45480">A.E.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45479 l45475 ls6804">Greece</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45479 l45247">100.0%</span></p></div><div><div id="pp-id-8106"><div id="pp-id-4648"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6988"><div class="pp-class-189" id="pp-id-4787"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5356"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5925"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6494"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45481 l3">DSV </span><span class="pp-class-182 pa t45481 l7682">Air </span><span class="pp-class-182 pa t45481 l45249">&amp; </span><span class="pp-class-182 pa t45481 l45250 ls226">Sea </span><span class="pp-class-182 pa t45481 l45251 ls2103">Hungary </span><span class="pp-class-182 pa t45481 l45482 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45481 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45481 l45247">100.0%</span></p></div><div><div id="pp-id-8107"><div id="pp-id-7065"><div class="pp-class-189" id="pp-id-4788"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5357"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5926"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6495"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8165" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45198 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45198 l45259 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8118"><div id="pp-id-7066"><div class="pp-class-189" id="pp-id-4793"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5362"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5931"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6500"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8160"><div class="pp-class-189" id="pp-id-7295"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7586"><div class="pp-class-189" id="pp-id-4813"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5382"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5951"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6520"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7972"><div id="pp-id-7284"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7575"><div id="pp-id-4789"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5358"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5927"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6496"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7983"><div id="pp-id-7285"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7576"><div id="pp-id-4790"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5359"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5928"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6497"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8109"><div id="pp-id-4649"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6989"><div class="pp-class-189" id="pp-id-4791"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5360"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5929"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6498"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Hungaria </span><span class="pp-class-182 pa t45292 l45485 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls1766">Nemzetközi </span><span class="pp-class-182 pa t45294 l45486 ls154">Szallitmanyozasi </span><span class="pp-class-182 pa t45487 l3">es </span><span class="pp-class-182 pa t45487 l45488 ls149">Logisztikai </span><span class="pp-class-182 pa t45487 l45489 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682 ls6634">Real </span><span class="pp-class-182 pa t45490 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45490 l45298 ls2103">Hungary </span><span class="pp-class-182 pa t45490 l45491 ls45483">Kft.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45484 ls1617">Hungary</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><div id="pp-id-8112"><div id="pp-id-7286"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7577"><div id="pp-id-4792"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5361"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5930"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6499"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3">DSV </span><span class="pp-class-182 pa t45422 l7682">Air </span><span class="pp-class-182 pa t45422 l45249">&amp; </span><span class="pp-class-182 pa t45422 l45250 ls226">Sea </span><span class="pp-class-182 pa t45422 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45424 l45261 ls1866">World </span><span class="pp-class-182 pa t45424 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45424 l45276 ls59">(Ireland) </span><span class="pp-class-182 pa t45493 l3 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8120"><div id="pp-id-7067"><div class="pp-class-189" id="pp-id-4794"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5363"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5932"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6501"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3">DSV </span><span class="pp-class-182 pa t45430 l7682">GIL </span><span class="pp-class-182 pa t45430 l45494 ls1122">Ireland </span><span class="pp-class-182 pa t45430 l45495 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45247">100.0%</span></p></div><div><div id="pp-id-8123"><div id="pp-id-7068"><div class="pp-class-189" id="pp-id-4795"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5364"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5933"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6502"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45432 l45306 ls59">(Ireland) </span><span class="pp-class-182 pa t45432 l45496 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45247">100.0%</span></p></div><div><div id="pp-id-8125"><div id="pp-id-4650"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6990"><div class="pp-class-189" id="pp-id-4796"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5365"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5934"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6503"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3">DSV </span><span class="pp-class-182 pa t45434 l7682 ls1129">Insurance </span><span class="pp-class-182 pa t45434 l45330 ls4053">Designated </span><span class="pp-class-182 pa t45434 l44867 ls7727">Activity </span><span class="pp-class-182 pa t45437 l3 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45247">100.0%</span></p></div><div><div id="pp-id-8127"><div id="pp-id-7873"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7909"><div class="pp-class-189" id="pp-id-4797"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5366"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5935"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6504"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3">DSV </span><span class="pp-class-182 pa t45438 l7682">Air </span><span class="pp-class-182 pa t45438 l45249">&amp; </span><span class="pp-class-182 pa t45438 l45250 ls226">Sea </span><span class="pp-class-182 pa t45438 l45251 ls59">(Ireland) </span><span class="pp-class-182 pa t45438 l45497 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45247">100.0%</span></p></div><div><div id="pp-id-8081"><div id="pp-id-7069"><div class="pp-class-189" id="pp-id-4798"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5367"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5936"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6505"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3">DSV </span><span class="pp-class-182 pa t45440 l7682">Solutions </span><span class="pp-class-182 pa t45440 l45351 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45247">100.0%</span></p></div><div><div id="pp-id-8128"><div id="pp-id-7287"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7578"><div id="pp-id-4799"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5368"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5937"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6506"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3">DSV </span><span class="pp-class-182 pa t45441 l7682 ls48">Inventory </span><span class="pp-class-182 pa t45441 l45498 ls205">Management </span><span class="pp-class-182 pa t45441 l45499">Solutions </span><span class="pp-class-182 pa t45500 l3 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><div id="pp-id-8131"><div id="pp-id-7288"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7579"><div id="pp-id-4800"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5369"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5938"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6507"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l3">DSV </span><span class="pp-class-182 pa t45501 l7682 ls107">Road </span><span class="pp-class-182 pa t45501 l45253 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45492 ls1418">Ireland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45247">100.0%</span></p></div><div><div id="pp-id-8133"><div id="pp-id-7289"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7580"><div id="pp-id-4801"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5370"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5939"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6508"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l3">DSV </span><span class="pp-class-182 pa t45502 l7682 ls4148">S.p.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45247">100.0%</span></p></div><div><div id="pp-id-8136"><div id="pp-id-4651"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6991"><div class="pp-class-189" id="pp-id-4802"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5371"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5940"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6509"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45504 l45261 ls6801">Trasporti </span><span class="pp-class-182 pa t45504 l45505 ls394">Mondiali </span><span class="pp-class-182 pa t45504 l45506 ls4148">S.p.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l45247">100.0%</span></p></div><div><div id="pp-id-8138"><div id="pp-id-7070"><div class="pp-class-189" id="pp-id-4803"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5372"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5941"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6510"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45507 l45306 ls428">Italiana </span><span class="pp-class-182 pa t45507 l45508 ls4148">S.p.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l45247">100.0%</span></p></div><div><div id="pp-id-8139"><div id="pp-id-7874"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7910"><div class="pp-class-189" id="pp-id-4804"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5373"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5942"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6511"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l3">DSV </span><span class="pp-class-182 pa t45509 l7682 ls6634">Real </span><span class="pp-class-182 pa t45509 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45509 l45298 ls4148">S.p.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l45304">89.8%</span></p></div><div><div id="pp-id-8140"><div id="pp-id-4652"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6992"><div class="pp-class-189" id="pp-id-4805"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5374"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5943"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6512"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l3">DSV </span><span class="pp-class-182 pa t45510 l7682">Air </span><span class="pp-class-182 pa t45510 l45249">&amp; </span><span class="pp-class-182 pa t45510 l45250 ls226">Sea </span><span class="pp-class-182 pa t45510 l45251 ls234">Italy </span><span class="pp-class-182 pa t45510 l45511 ls2836">S.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l45247">100.0%</span></p></div><div><div id="pp-id-8141"><div id="pp-id-7071"><div class="pp-class-189" id="pp-id-4806"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5375"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5944"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6513"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l3">DSV </span><span class="pp-class-182 pa t45512 l7682">Solutions </span><span class="pp-class-182 pa t45512 l45351 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45247">100.0%</span></p></div><div><div id="pp-id-8143"><div id="pp-id-7290"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7581"><div id="pp-id-4807"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5376"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5945"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6514"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3">DSV </span><span class="pp-class-182 pa t45514 l7682 ls6634">Real </span><span class="pp-class-182 pa t45514 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45514 l45298 ls218">Novara </span><span class="pp-class-182 pa t45514 l45515 ls2836">S.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45304">66.0%</span></p></div><div><div id="pp-id-8146"><div id="pp-id-7291"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7582"><div id="pp-id-4808"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5377"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5946"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6515"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3">DSV </span><span class="pp-class-182 pa t45516 l7682 ls6634">Real </span><span class="pp-class-182 pa t45516 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45516 l45298 ls455">Modena </span><span class="pp-class-182 pa t45516 l45517 ls2836">S.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45247">100.0%</span></p></div><div><div id="pp-id-8149"><div id="pp-id-7292"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7583"><div id="pp-id-4809"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5378"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5947"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6516"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l3">DSV </span><span class="pp-class-182 pa t45518 l7682 ls107">Road </span><span class="pp-class-182 pa t45518 l45253 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45247">100.0%</span></p></div><div><div id="pp-id-8151"><div id="pp-id-7293"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7584"><div id="pp-id-4810"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5379"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5948"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6517"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l3 ls750">HANGARTNER </span><span class="pp-class-182 pa t45519 l21676 ls2668">Terminal </span><span class="pp-class-182 pa t45519 l45520 ls2836">S.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45503 ls117">Italy</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45247">100.0%</span></p></div><div><div id="pp-id-8155"><div id="pp-id-7294"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7585"><div id="pp-id-4811"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5380"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5949"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6518"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l3">GIL </span><span class="pp-class-182 pa t45521 l45522 ls740">Kazakhstan </span><span class="pp-class-182 pa t45521 l45523">LLP</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45524 ls164">Kazakhstan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45247">100.0%</span></p></div><div><div id="pp-id-8158"><div id="pp-id-7072"><div class="pp-class-189" id="pp-id-4812"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5381"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5950"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6519"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45525 l45306 ls740">Kazakhstan </span><span class="pp-class-182 pa t45525 l45526">LLP</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45524 ls164">Kazakhstan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l3">DSV </span><span class="pp-class-182 pa t45527 l7682 ls3968">Latvia </span><span class="pp-class-182 pa t45527 l45528">SIA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l45529 ls2390">Latvia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l45247">100.0%</span></p></div><div><div id="pp-id-8162"><div class="pp-class-189" id="pp-id-7296"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7587"><div class="pp-class-189" id="pp-id-4814"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5383"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5952"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6521"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l3">SIA </span><span class="pp-class-182 pa t45530 l45531 ls704">Schenker</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l45529 ls2390">Latvia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l45247">100.0%</span></p></div><div><div id="pp-id-8164"><div id="pp-id-4653"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6993"><div class="pp-class-189" id="pp-id-4815"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5384"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5953"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6522"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8201" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682">Lithuania </span><span class="pp-class-182 pa t45198 l45532 ls1378">UAB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45533">Lithuania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8166"><div id="pp-id-7073"><div class="pp-class-189" id="pp-id-4819"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5388"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5957"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6526"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7973"><div class="pp-class-189" id="pp-id-7297"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7588"><div class="pp-class-189" id="pp-id-4816"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5385"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5954"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6523"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8003"><div id="pp-id-7304"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7595"><div id="pp-id-4827"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5396"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5965"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6534"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8017"><div id="pp-id-7307"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7598"><div id="pp-id-4832"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5401"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5970"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6539"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8174"><div id="pp-id-4654"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6994"><div class="pp-class-189" id="pp-id-4826"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5395"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5964"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6533"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7844"><div id="pp-id-7301"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7592"><div id="pp-id-4821"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5390"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5959"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6528"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls226">UAB </span><span class="pp-class-182 pa t45292 l45534 ls1683">"Schenker"</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45533">Lithuania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7984"><div class="pp-class-189" id="pp-id-7298"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7589"><div class="pp-class-189" id="pp-id-4817"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5386"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5955"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6524"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682">Air </span><span class="pp-class-182 pa t45294 l45249">&amp; </span><span class="pp-class-182 pa t45294 l45250 ls226">Sea </span><span class="pp-class-182 pa t45294 l45251">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45535 ls12989">Luxembourg</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7819"><div class="pp-class-189" id="pp-id-7299"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7590"><div class="pp-class-189" id="pp-id-4818"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5387"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5956"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6525"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682">Air </span><span class="pp-class-182 pa t45295 l45249 ls2103">Services</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45535 ls12989">Luxembourg</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3 ls2388">"S.C. </span><span class="pp-class-182 pa t45297 l45536 ls1683">Schenker" </span><span class="pp-class-182 pa t45297 l45537 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45538 ls556">Moldova</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7835"><div class="pp-class-189" id="pp-id-7300"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7591"><div class="pp-class-189" id="pp-id-4820"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5389"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5958"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6527"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls3593">Agility </span><span class="pp-class-182 pa t45300 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45300 l45540 ls149">International </span><span class="pp-class-182 pa t45300 l45541 ls1728">BV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3 ls6801">TransOceanic </span><span class="pp-class-182 pa t45301 l45543">Holdings </span><span class="pp-class-182 pa t45301 l45544 ls1728">BV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-7849"><div id="pp-id-7302"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7593"><div id="pp-id-4822"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5391"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5960"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6529"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682 ls117">Finance </span><span class="pp-class-182 pa t45305 l45545 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-7993"><div id="pp-id-7303"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7594"><div id="pp-id-4823"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5392"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5961"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6530"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3 ls164">UTi </span><span class="pp-class-182 pa t45307 l45546 ls158">(Netherlands) </span><span class="pp-class-182 pa t45307 l45547">Holdings </span><span class="pp-class-182 pa t45307 l45548 ls1728">BV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-8172"><div id="pp-id-7074"><div class="pp-class-189" id="pp-id-4824"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5393"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5962"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6531"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">DSV </span><span class="pp-class-182 pa t45366 l7682">Air </span><span class="pp-class-182 pa t45366 l45249">&amp; </span><span class="pp-class-182 pa t45366 l45250 ls226">Sea </span><span class="pp-class-182 pa t45366 l45251">Nederland </span><span class="pp-class-182 pa t45366 l45549 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-7996"><div id="pp-id-7075"><div class="pp-class-189" id="pp-id-4825"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5394"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5963"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6532"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45368 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45368 l45550">Nederland </span><span class="pp-class-182 pa t45368 l45551 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3">DSV </span><span class="pp-class-182 pa t45369 l7682">Solutions </span><span class="pp-class-182 pa t45369 l45351">Holding </span><span class="pp-class-182 pa t45369 l45352 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">DSV </span><span class="pp-class-182 pa t45371 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45371 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45371 l45259 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><div id="pp-id-8175"><div id="pp-id-7875"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7911"><div id="pp-id-4828"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5397"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5966"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6535"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3 ls226">IMS </span><span class="pp-class-182 pa t45373 l45552">Holdings </span><span class="pp-class-182 pa t45373 l45553 ls1728">BV</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8177"><div id="pp-id-7305"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7596"><div id="pp-id-4829"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5398"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5967"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6536"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3">DSV </span><span class="pp-class-182 pa t45374 l7682">Solutions </span><span class="pp-class-182 pa t45374 l45351 ls59">(Moerdijk) </span><span class="pp-class-182 pa t45374 l45554 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8009"><div id="pp-id-7306"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7597"><div id="pp-id-4830"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5399"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5968"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6537"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45377 l45306">Nederland </span><span class="pp-class-182 pa t45377 l45555 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><div id="pp-id-8180"><div id="pp-id-4655"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6995"><div class="pp-class-189" id="pp-id-4831"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5400"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5969"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6538"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45379 l45306 ls6801">Transport </span><span class="pp-class-182 pa t45379 l45556 ls2432">Groep </span><span class="pp-class-182 pa t45379 l45557 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3">DSV </span><span class="pp-class-182 pa t45382 l7682 ls107">Road </span><span class="pp-class-182 pa t45382 l45253">Holding </span><span class="pp-class-182 pa t45382 l45291 ls1822">N.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8022"><div id="pp-id-7308"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7599"><div id="pp-id-4833"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5402"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5971"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6540"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3">DSV </span><span class="pp-class-182 pa t45385 l7682 ls107">Road </span><span class="pp-class-182 pa t45385 l45253 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><div id="pp-id-8027"><div id="pp-id-7309"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7600"><div id="pp-id-4834"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5403"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5972"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6541"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3 ls1122">Salfetsin </span><span class="pp-class-182 pa t45389 l45558 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8181"><div id="pp-id-7310"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7601"><div id="pp-id-4835"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5404"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5973"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6542"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3">DSV </span><span class="pp-class-182 pa t45390 l7682 ls2236">ROAD </span><span class="pp-class-182 pa t45390 l45559">DOOEL </span><span class="pp-class-182 pa t45390 l45560 ls164">Skopje</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45561 ls3593">North </span><span class="pp-class-182 pa t45390 l45562 ls180">Macedonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8184"><div id="pp-id-7311"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7602"><div id="pp-id-4836"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5405"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5974"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6543"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3">SCHENKER </span><span class="pp-class-182 pa t45392 l45255">DOOEL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45561 ls3593">North </span><span class="pp-class-182 pa t45392 l45562 ls180">Macedonia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8188"><div id="pp-id-4656"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6996"><div class="pp-class-189" id="pp-id-4837"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5406"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5975"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6544"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3">DSV </span><span class="pp-class-182 pa t45396 l7682">Air </span><span class="pp-class-182 pa t45396 l45249">&amp; </span><span class="pp-class-182 pa t45396 l45250 ls226">Sea </span><span class="pp-class-182 pa t45396 l45251">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8189"><div id="pp-id-7076"><div class="pp-class-189" id="pp-id-4838"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5407"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5976"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6545"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45397 l45261">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45247">100.0%</span></p></div><div><div id="pp-id-8190"><div id="pp-id-7077"><div class="pp-class-189" id="pp-id-4839"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5408"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5977"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6546"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l3">GIL </span><span class="pp-class-182 pa t45399 l45522 ls2103">Norway </span><span class="pp-class-182 pa t45399 l45564">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45247">100.0%</span></p></div><div><div id="pp-id-8191"><div id="pp-id-7078"><div class="pp-class-189" id="pp-id-4840"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5409"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5978"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6547"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l3">DSV </span><span class="pp-class-182 pa t45400 l7682">Solutions </span><span class="pp-class-182 pa t45400 l45351">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45247">100.0%</span></p></div><div><div id="pp-id-8045"><div id="pp-id-7312"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7603"><div id="pp-id-4841"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5410"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5979"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6548"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l3">DSV </span><span class="pp-class-182 pa t45565 l7682 ls107">Road </span><span class="pp-class-182 pa t45565 l45253">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45247">100.0%</span></p></div><div><div id="pp-id-8192"><div id="pp-id-7313"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7604"><div id="pp-id-4842"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5411"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5980"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6549"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l3">DSV </span><span class="pp-class-182 pa t45566 l7682">Global </span><span class="pp-class-182 pa t45566 l45567 ls394">Business </span><span class="pp-class-182 pa t45566 l45568 ls3185">Services </span><span class="pp-class-182 pa t45566 l45569">Sp. </span><span class="pp-class-182 pa t45566 l45570">z </span><span class="pp-class-182 pa t45566 l45571">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45247">100.0%</span></p></div><div><div id="pp-id-8195"><div id="pp-id-7314"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7605"><div id="pp-id-4843"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5412"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5981"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6550"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l3">DSV </span><span class="pp-class-182 pa t45573 l7682 ls6634">Real </span><span class="pp-class-182 pa t45573 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45573 l45298 ls1402">Warsaw </span><span class="pp-class-182 pa t45573 l45574">II </span><span class="pp-class-182 pa t45573 l45575">Sp. </span><span class="pp-class-182 pa t45573 l45576">z </span><span class="pp-class-182 pa t45573 l45577">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45247">100.0%</span></p></div><div><div id="pp-id-8198"><div id="pp-id-7315"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7606"><div id="pp-id-4844"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5413"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5982"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6551"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8242" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306 ls1674">Technology </span><span class="pp-class-182 pa t45198 l45578 ls218">Center </span><span class="pp-class-182 pa t45198 l45579 ls614">(Warsaw) </span><span class="pp-class-182 pa t45234 l3">sp. </span><span class="pp-class-182 pa t45234 l45580">z </span><span class="pp-class-182 pa t45234 l45581">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8204"><div id="pp-id-7079"><div class="pp-class-189" id="pp-id-4846"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5415"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5984"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6553"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8208"><div id="pp-id-7317"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7608"><div id="pp-id-4849"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5418"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5987"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6556"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8075"><div id="pp-id-7319"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7610"><div id="pp-id-4851"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5420"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5989"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6558"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8212"><div id="pp-id-4657"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6997"><div class="pp-class-189" id="pp-id-4852"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5421"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5990"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6559"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7974"><div id="pp-id-7316"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7607"><div id="pp-id-4845"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5414"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5983"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6552"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8226"><div id="pp-id-8224"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFYAAAAaCAYAAAAtzKvgAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAV0lEQVRoQ+3QsQ0AIRDAsOf33/kYAQmRzq5TZc3Mx3v/KeCOsRFjI8ZGjI0YGzE2YmzE2IixEWMjxkaMjRgbMTZibMTYiLERYyPGRoyNGBsxNmJsxNjIBmdKAzEP7BwHAAAAAElFTkSuQmCC"/></div><div id="pp-id-8225"><div id="pp-id-4859"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5428"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5997"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6566"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l3">DSV </span><span class="pp-class-182 pa t45582 l7682">Air </span><span class="pp-class-182 pa t45582 l45249">&amp; </span><span class="pp-class-182 pa t45582 l45250 ls226">Sea </span><span class="pp-class-182 pa t45582 l45251">Sp. </span><span class="pp-class-182 pa t45582 l45583">z </span><span class="pp-class-182 pa t45582 l45584">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45487 l45261 ls3962">Polska </span><span class="pp-class-182 pa t45487 l45585">Sp. </span><span class="pp-class-182 pa t45487 l45586">z </span><span class="pp-class-182 pa t45487 l45587">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l45247">100.0%</span></p></div><div><div id="pp-id-8205"><div id="pp-id-7080"><div class="pp-class-189" id="pp-id-4847"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5416"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5985"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6554"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682">Air </span><span class="pp-class-182 pa t45490 l45249">&amp; </span><span class="pp-class-182 pa t45490 l45250 ls226">Sea </span><span class="pp-class-182 pa t45490 l45251 ls1418">Poland </span><span class="pp-class-182 pa t45490 l45588">Sp. </span><span class="pp-class-182 pa t45490 l45589">z </span><span class="pp-class-182 pa t45490 l45590">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><div id="pp-id-8206"><div id="pp-id-7081"><div class="pp-class-189" id="pp-id-4848"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5417"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5986"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6555"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3">DSV </span><span class="pp-class-182 pa t45422 l7682 ls3185">Services </span><span class="pp-class-182 pa t45422 l45447">Sp. </span><span class="pp-class-182 pa t45422 l45591">z </span><span class="pp-class-182 pa t45422 l25451">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3">DSV </span><span class="pp-class-182 pa t45424 l7682 ls6634">Real </span><span class="pp-class-182 pa t45424 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45424 l45298 ls187">Lodz </span><span class="pp-class-182 pa t45424 l45592">Sp. </span><span class="pp-class-182 pa t45424 l45593">z </span><span class="pp-class-182 pa t45424 l45594">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8072"><div id="pp-id-7318"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7609"><div id="pp-id-4850"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5419"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5988"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6557"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3">DSV </span><span class="pp-class-182 pa t45427 l7682 ls107">Road </span><span class="pp-class-182 pa t45427 l45253">Sp. </span><span class="pp-class-182 pa t45427 l45595">z </span><span class="pp-class-182 pa t45427 l45596">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45597 l45306">Sp. </span><span class="pp-class-182 pa t45597 l24201">z </span><span class="pp-class-182 pa t45597 l19203">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l45304">99.7%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l3">DSV </span><span class="pp-class-182 pa t45310 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45310 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45310 l45259">Sp. </span><span class="pp-class-182 pa t45310 l45598">z </span><span class="pp-class-182 pa t45310 l45599">o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45572 ls2432">Poland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45247">100.0%</span></p></div><div><div id="pp-id-8214"><div id="pp-id-7320"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7611"><div id="pp-id-4853"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5422"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5991"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6560"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3">DSV </span><span class="pp-class-182 pa t45312 l7682 ls2432">Group </span><span class="pp-class-182 pa t45312 l4342 ls3185">Services </span><span class="pp-class-182 pa t45312 l45332 ls205">Unipessoal, </span><span class="pp-class-182 pa t45312 l45600 ls1528">Lda</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45247">100.0%</span></p></div><div><div id="pp-id-8216"><div id="pp-id-7321"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7612"><div id="pp-id-4854"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5423"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5992"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6561"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3">DSV </span><span class="pp-class-182 pa t45314 l7682">Air </span><span class="pp-class-182 pa t45314 l45249">&amp; </span><span class="pp-class-182 pa t45314 l45250 ls226">Sea </span><span class="pp-class-182 pa t45314 l45251 ls1683">Portugal, </span><span class="pp-class-182 pa t45314 l1025 ls5508">LDA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><div id="pp-id-8217"><div id="pp-id-7082"><div class="pp-class-189" id="pp-id-4855"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5424"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5993"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6562"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3">DSV </span><span class="pp-class-182 pa t45315 l7682">Solutions, </span><span class="pp-class-182 pa t45315 l45602 ls164">Lda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-8219"><div id="pp-id-7322"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7613"><div id="pp-id-4856"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5425"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5994"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6563"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">DSV </span><span class="pp-class-182 pa t45316 l7682">SGPS, </span><span class="pp-class-182 pa t45316 l45603 ls164">Lda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><div id="pp-id-8220"><div id="pp-id-7323"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7614"><div id="pp-id-4857"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5426"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-5995"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6564"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45319 l45306 ls5048">Transitarios, </span><span class="pp-class-182 pa t45319 l34217 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-8222"><div id="pp-id-4658"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6998"><div class="pp-class-189" id="pp-id-4858"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5427"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5996"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6565"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682 ls5048">Transitarios, </span><span class="pp-class-182 pa t45322 l45604 ls164">Lda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45601 ls704">Portugal</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l3">DSV </span><span class="pp-class-182 pa t45325 l7682">Global </span><span class="pp-class-182 pa t45325 l45567 ls394">Business </span><span class="pp-class-182 pa t45325 l45568 ls3185">Services </span><span class="pp-class-182 pa t45325 l45569 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45247">100.0%</span></p></div><div><div id="pp-id-7944"><div id="pp-id-7324"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7615"><div id="pp-id-4860"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5429"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5998"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6567"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l3">DSV </span><span class="pp-class-182 pa t45326 l7682">Air </span><span class="pp-class-182 pa t45326 l45249">&amp; </span><span class="pp-class-182 pa t45326 l45250 ls226">Sea </span><span class="pp-class-182 pa t45326 l45251">SRL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45247">100.0%</span></p></div><div><div id="pp-id-8227"><div id="pp-id-7083"><div class="pp-class-189" id="pp-id-4861"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5430"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5999"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6568"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l3">DSV </span><span class="pp-class-182 pa t45327 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45327 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45327 l45259 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45247">100.0%</span></p></div><div><div id="pp-id-8229"><div id="pp-id-7325"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7616"><div id="pp-id-4862"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5431"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6000"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6569"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l3">DSV </span><span class="pp-class-182 pa t45329 l7682 ls107">Road </span><span class="pp-class-182 pa t45329 l45253 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45247">100.0%</span></p></div><div><div id="pp-id-7950"><div id="pp-id-7326"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7617"><div id="pp-id-4863"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5432"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6001"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6570"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45331 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45331 l45550 ls704">Romania </span><span class="pp-class-182 pa t45331 l45606 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45605 ls117">Romania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45304">99.5%</span></p></div><div><div id="pp-id-8230"><div id="pp-id-4659"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-6999"><div class="pp-class-189" id="pp-id-4864"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5433"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6002"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6571"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l3">DSV </span><span class="pp-class-182 pa t45333 l7682 ls107">Road </span><span class="pp-class-182 pa t45333 l45253">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45607">Serbia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45247">100.0%</span></p></div><div><div id="pp-id-7954"><div id="pp-id-7327"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7618"><div id="pp-id-4865"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5434"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6003"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6572"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l3">SCHENKER </span><span class="pp-class-182 pa t45335 l45255">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45607">Serbia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45247">100.0%</span></p></div><div><div id="pp-id-8231"><div id="pp-id-4660"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7000"><div class="pp-class-189" id="pp-id-4866"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5435"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6004"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6573"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l3">DSV </span><span class="pp-class-182 pa t45339 l7682">Solutions </span><span class="pp-class-182 pa t45339 l45351 ls394">Slovakia </span><span class="pp-class-182 pa t45339 l45608">s. </span><span class="pp-class-182 pa t45339 l45609 ls1176">r. </span><span class="pp-class-182 pa t45339 l45610">o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45611 ls455">Slovakia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45247">100.0%</span></p></div><div><div id="pp-id-8232"><div id="pp-id-7328"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7619"><div id="pp-id-4867"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5436"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6005"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6574"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l3">DSV </span><span class="pp-class-182 pa t45341 l7682">Air </span><span class="pp-class-182 pa t45341 l45249">&amp; </span><span class="pp-class-182 pa t45341 l45250 ls226">Sea </span><span class="pp-class-182 pa t45341 l45251 ls394">Slovakia </span><span class="pp-class-182 pa t45341 l45612 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45611 ls455">Slovakia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45247">100.0%</span></p></div><div><div id="pp-id-8233"><div id="pp-id-7084"><div class="pp-class-189" id="pp-id-4868"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5437"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6006"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6575"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l3">SCHENKER </span><span class="pp-class-182 pa t45342 l45255 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45611 ls455">Slovakia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45247">100.0%</span></p></div><div><div id="pp-id-8235"><div id="pp-id-4661"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7001"><div class="pp-class-189" id="pp-id-4869"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5438"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6007"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6576"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l3">DSV </span><span class="pp-class-182 pa t45345 l7682 ls205">Slovakia, </span><span class="pp-class-182 pa t45345 l45613 ls2836">s.r.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45611 ls455">Slovakia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45247">100.0%</span></p></div><div><div id="pp-id-8238"><div id="pp-id-7329"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7620"><div id="pp-id-4870"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5439"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6008"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6577"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3">DSV </span><span class="pp-class-182 pa t45348 l7682">Air </span><span class="pp-class-182 pa t45348 l45249">&amp; </span><span class="pp-class-182 pa t45348 l45250 ls226">Sea </span><span class="pp-class-182 pa t45348 l45251">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l6934 ls455">Slovenia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-7963"><div id="pp-id-7085"><div class="pp-class-189" id="pp-id-4871"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5440"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6009"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6578"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3">DSV </span><span class="pp-class-182 pa t45350 l7682 ls6801">Transport </span><span class="pp-class-182 pa t45350 l14131">d.o.o.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l6934 ls455">Slovenia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-8240"><div id="pp-id-7876"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7912"><div id="pp-id-4872"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5441"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6010"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6579"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45353 l45614 ls2500">d.d.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l6934 ls455">Slovenia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45247">100.0%</span></p></div><div><div id="pp-id-8241"><div id="pp-id-4662"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7002"><div class="pp-class-189" id="pp-id-4873"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5442"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6011"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6580"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8261" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls13638">Tacisa </span><span class="pp-class-182 pa t45198 l45615 ls2672">Transitaria </span><span class="pp-class-182 pa t45198 l45616 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8066"><div id="pp-id-7086"><div class="pp-class-189" id="pp-id-4874"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5443"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6012"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6581"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7820"><div id="pp-id-7330"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7621"><div id="pp-id-4876"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5445"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6014"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6583"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7845"><div id="pp-id-7332"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7623"><div id="pp-id-4879"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5448"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6017"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6586"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8256"><div id="pp-id-7877"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7913"><div id="pp-id-4889"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5458"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6027"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6596"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8249"><div id="pp-id-7334"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7625"><div id="pp-id-4882"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5451"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6020"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6589"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls93">International, </span><span class="pp-class-182 pa t45292 l45618 ls15905">S.L.U.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7225"><div id="pp-id-7087"><div class="pp-class-189" id="pp-id-4875"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5444"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6013"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6582"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682">Solutions </span><span class="pp-class-182 pa t45294 l45351">Spain </span><span class="pp-class-182 pa t45294 l45619 ls4148">S.A.U.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls70">Servicios </span><span class="pp-class-182 pa t45295 l45620 ls3681">Logisticos </span><span class="pp-class-182 pa t45295 l45621 ls228">Integrados </span><span class="pp-class-182 pa t45295 l45622 ls1528">SLI, </span><span class="pp-class-182 pa t45295 l45623 ls4270">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-8167"><div id="pp-id-7088"><div class="pp-class-189" id="pp-id-4877"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5446"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6015"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6584"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls2390">REAL </span><span class="pp-class-182 pa t45297 l45624 ls2818">ESTATE </span><span class="pp-class-182 pa t45297 l45625 ls45626">LA </span><span class="pp-class-182 pa t45297 l23287">BISBAL </span><span class="pp-class-182 pa t45297 l32460 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7836"><div id="pp-id-7331"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7622"><div id="pp-id-4878"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5447"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6016"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6585"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3">DSV </span><span class="pp-class-182 pa t45300 l7682 ls107">Road </span><span class="pp-class-182 pa t45300 l45253">Spain </span><span class="pp-class-182 pa t45300 l45627 ls4148">S.A.U.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">DSV </span><span class="pp-class-182 pa t45301 l7682">Holding </span><span class="pp-class-182 pa t45301 l45416">Spain </span><span class="pp-class-182 pa t45301 l45628 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-7850"><div id="pp-id-7333"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7624"><div id="pp-id-4880"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5449"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6018"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6587"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682">Air </span><span class="pp-class-182 pa t45305 l45249">&amp; </span><span class="pp-class-182 pa t45305 l45250 ls158">Sea, </span><span class="pp-class-182 pa t45305 l45629 ls4148">S.A.U.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-8244"><div id="pp-id-7089"><div class="pp-class-189" id="pp-id-4881"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5450"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6019"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6588"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">DSV </span><span class="pp-class-182 pa t45307 l7682 ls107">Road </span><span class="pp-class-182 pa t45307 l45253">AB </span><span class="pp-class-182 pa t45307 l45630">- </span><span class="pp-class-182 pa t45307 l45631 ls1595">Energy </span><span class="pp-class-182 pa t45307 l45632 ls147">branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">DSV </span><span class="pp-class-182 pa t45366 l7682">Air </span><span class="pp-class-182 pa t45366 l45249">&amp; </span><span class="pp-class-182 pa t45366 l45250 ls226">Sea </span><span class="pp-class-182 pa t45366 l45251">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-7997"><div id="pp-id-7090"><div class="pp-class-189" id="pp-id-4883"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5452"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6021"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6590"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3">DSV </span><span class="pp-class-182 pa t45368 l7682">Air </span><span class="pp-class-182 pa t45368 l45249">&amp; </span><span class="pp-class-182 pa t45368 l45250 ls226">Sea </span><span class="pp-class-182 pa t45368 l45251 ls1418">Nordic </span><span class="pp-class-182 pa t45368 l45634">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><div id="pp-id-8252"><div id="pp-id-7091"><div class="pp-class-189" id="pp-id-4884"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5453"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6022"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6591"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3 ls3593">Agility </span><span class="pp-class-182 pa t45369 l45539">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><div id="pp-id-8254"><div id="pp-id-7092"><div class="pp-class-189" id="pp-id-4885"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5454"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6023"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6592"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">DSV </span><span class="pp-class-182 pa t45371 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45371 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45371 l45259">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><div id="pp-id-8006"><div id="pp-id-7335"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7626"><div id="pp-id-4886"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5455"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6024"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6593"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45373 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45373 l45550">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8178"><div id="pp-id-7336"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7627"><div id="pp-id-4887"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5456"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6025"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6594"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3">DSV </span><span class="pp-class-182 pa t45374 l7682 ls2432">Group </span><span class="pp-class-182 pa t45374 l4342">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8010"><div id="pp-id-7337"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7628"><div id="pp-id-4888"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5457"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6026"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6595"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3">DSV </span><span class="pp-class-182 pa t45377 l7682 ls107">Road </span><span class="pp-class-182 pa t45377 l45253">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45379 l45306 ls1761">Property </span><span class="pp-class-182 pa t45379 l45635 ls267">Sweden </span><span class="pp-class-182 pa t45379 l45636">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><div id="pp-id-8018"><div id="pp-id-7338"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7629"><div id="pp-id-4890"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5459"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6028"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6597"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45382 l45306 ls6801">Transport </span><span class="pp-class-182 pa t45382 l45556 ls457">Aktiebolag</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8023"><div id="pp-id-7339"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7630"><div id="pp-id-4891"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5460"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6029"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6598"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45385 l45306 ls239">Filen </span><span class="pp-class-182 pa t45385 l45637">8 </span><span class="pp-class-182 pa t45385 l45638 ls457">Aktiebolag</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><div id="pp-id-8028"><div id="pp-id-7340"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7631"><div id="pp-id-4892"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5461"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6030"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6599"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3 ls856">Langtradaren </span><span class="pp-class-182 pa t45389 l45639">i </span><span class="pp-class-182 pa t45389 l45640">Jämtland </span><span class="pp-class-182 pa t45389 l45641">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8182"><div id="pp-id-7341"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7632"><div id="pp-id-4893"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5462"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6031"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6600"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3 ls2870">Trafikaktiebolaget </span><span class="pp-class-182 pa t45390 l45642">NP </span><span class="pp-class-182 pa t45390 l45643 ls2061">Kagström</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8185"><div id="pp-id-7342"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7633"><div id="pp-id-4894"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5463"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6032"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6601"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3 ls75">Fastighets </span><span class="pp-class-182 pa t45392 l36622 ls1881">Aktiebolaget </span><span class="pp-class-182 pa t45392 l45644">Orbyn</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8257"><div id="pp-id-7343"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7634"><div id="pp-id-4895"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5464"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6033"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6602"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3">KB </span><span class="pp-class-182 pa t45396 l45645 ls856">Langtradaren </span><span class="pp-class-182 pa t45396 l45646">2 </span><span class="pp-class-182 pa t45396 l45647">Borlänge</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8035"><div id="pp-id-7344"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7635"><div id="pp-id-4896"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5465"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6034"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6603"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l3">KB </span><span class="pp-class-182 pa t45397 l45645">Sörby </span><span class="pp-class-182 pa t45397 l45648">24:3 </span><span class="pp-class-182 pa t45397 l45649">-Gävle</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45247">100.0%</span></p></div><div><div id="pp-id-8039"><div id="pp-id-7345"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7636"><div id="pp-id-4897"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5466"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6035"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6604"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l3">KB </span><span class="pp-class-182 pa t45399 l45645 ls1129">Ättehögen </span><span class="pp-class-182 pa t45399 l45650 ls1021">Östra </span><span class="pp-class-182 pa t45399 l45651">1 </span><span class="pp-class-182 pa t45399 l45652 ls117">-Helsingborg</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45247">100.0%</span></p></div><div><div id="pp-id-8042"><div id="pp-id-7346"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7637"><div id="pp-id-4898"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5467"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6036"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6605"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l3">KB </span><span class="pp-class-182 pa t45400 l45645 ls7509">Transporten </span><span class="pp-class-182 pa t45400 l45653">1 </span><span class="pp-class-182 pa t45400 l45654 ls59">-Hultsfred</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45247">100.0%</span></p></div><div><div id="pp-id-8046"><div id="pp-id-7347"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7638"><div id="pp-id-4899"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5468"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6037"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6606"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l3">KB </span><span class="pp-class-182 pa t45565 l45645 ls218">Bleket </span><span class="pp-class-182 pa t45565 l45655">1 </span><span class="pp-class-182 pa t45565 l45656 ls1849">-Karlstad</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45247">100.0%</span></p></div><div><div id="pp-id-8193"><div id="pp-id-7348"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7639"><div id="pp-id-4900"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5469"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6038"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6607"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l3">KB </span><span class="pp-class-182 pa t45566 l45645 ls1849">Önnestad </span><span class="pp-class-182 pa t45566 l45657">108:4 </span><span class="pp-class-182 pa t45566 l45658 ls923">-Kristianstad</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45247">100.0%</span></p></div><div><div id="pp-id-8196"><div id="pp-id-7349"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7640"><div id="pp-id-4901"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5470"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6039"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6608"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l3">KB </span><span class="pp-class-182 pa t45573 l45645 ls394">Maskinen </span><span class="pp-class-182 pa t45573 l45659">3 </span><span class="pp-class-182 pa t45573 l45660 ls1683">-Linköping</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45247">100.0%</span></p></div><div><div id="pp-id-8199"><div id="pp-id-7350"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7641"><div id="pp-id-4902"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5471"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6040"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6609"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l3">KB </span><span class="pp-class-182 pa t45661 l45645 ls59">Storheden </span><span class="pp-class-182 pa t45661 l45662">1:8 </span><span class="pp-class-182 pa t45661 l29087 ls1683">-Lulea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l45247">100.0%</span></p></div><div><div id="pp-id-8259"><div id="pp-id-7351"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7642"><div id="pp-id-4903"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5472"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6041"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6610"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8263" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">KB </span><span class="pp-class-182 pa t45198 l45645 ls205">Benkammen </span><span class="pp-class-182 pa t45198 l45663">12 </span><span class="pp-class-182 pa t45198 l45664 ls239">-Malmö</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8047"><div class="pp-class-189" id="pp-id-7376"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7667"><div class="pp-class-189" id="pp-id-4929"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5498"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6067"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6636"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7975"><div id="pp-id-7352"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7643"><div id="pp-id-4904"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5473"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6042"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6611"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8176"><div id="pp-id-7878"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7914"><div id="pp-id-4916"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5485"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6054"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6623"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8197"><div id="pp-id-7378"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7669"><div id="pp-id-4931"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5500"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6069"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6638"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">KB </span><span class="pp-class-182 pa t45292 l45645 ls1122">Norränget </span><span class="pp-class-182 pa t45292 l45665">62 </span><span class="pp-class-182 pa t45292 l45666 ls455">Hudiksvall</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7985"><div id="pp-id-7353"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7644"><div id="pp-id-4905"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5474"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6043"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6612"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">KB </span><span class="pp-class-182 pa t45294 l45645 ls154">Lertaget </span><span class="pp-class-182 pa t45294 l45667">1, </span><span class="pp-class-182 pa t45294 l45330 ls702">Skara</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7821"><div id="pp-id-7354"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7645"><div id="pp-id-4906"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5475"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6044"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6613"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">KB </span><span class="pp-class-182 pa t45295 l45645 ls461">Vivstamon </span><span class="pp-class-182 pa t45295 l45668">1:13 </span><span class="pp-class-182 pa t45295 l45669 ls265">-Timra</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-7828"><div id="pp-id-7355"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7646"><div id="pp-id-4907"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5476"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6045"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6614"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">KB </span><span class="pp-class-182 pa t45297 l45645">Baggböle </span><span class="pp-class-182 pa t45297 l45381">2:35 </span><span class="pp-class-182 pa t45297 l45670 ls158">-Umea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7837"><div id="pp-id-7356"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7647"><div id="pp-id-4908"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5477"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6046"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6615"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3">KB </span><span class="pp-class-182 pa t45300 l45645 ls2672">Transportören </span><span class="pp-class-182 pa t45300 l45671">1 </span><span class="pp-class-182 pa t45300 l45672 ls54">-Värnamo</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><div id="pp-id-7846"><div id="pp-id-7357"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7648"><div id="pp-id-4909"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5478"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6047"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6616"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">KB </span><span class="pp-class-182 pa t45301 l45645 ls853">Köpmannen </span><span class="pp-class-182 pa t45301 l45673">10 </span><span class="pp-class-182 pa t45301 l45674 ls1174">-Västerås</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-7851"><div id="pp-id-7358"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7649"><div id="pp-id-4910"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5479"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6048"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6617"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">KB </span><span class="pp-class-182 pa t45305 l45645 ls921">Pantern </span><span class="pp-class-182 pa t45305 l31906">1 </span><span class="pp-class-182 pa t45305 l45675 ls2282">-Växjö</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-7994"><div id="pp-id-7359"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7650"><div id="pp-id-4911"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5480"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6049"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6618"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">KB </span><span class="pp-class-182 pa t45307 l45645 ls1122">Distributören </span><span class="pp-class-182 pa t45307 l45676">3 </span><span class="pp-class-182 pa t45307 l45677">och </span><span class="pp-class-182 pa t45307 l3841">4 </span><span class="pp-class-182 pa t45307 l45678 ls2688">-Örebro</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-8250"><div id="pp-id-7360"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7651"><div id="pp-id-4912"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5481"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6050"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6619"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">KB </span><span class="pp-class-182 pa t45366 l45645 ls3962">Överön </span><span class="pp-class-182 pa t45366 l45679">1:66 </span><span class="pp-class-182 pa t45366 l45680 ls1849">-Örnsköldsvik</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-8262"><div id="pp-id-7361"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7652"><div id="pp-id-4913"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5482"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6051"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6620"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3">KB </span><span class="pp-class-182 pa t45368 l45645 ls149">Vindtrycket </span><span class="pp-class-182 pa t45368 l45681">1 </span><span class="pp-class-182 pa t45368 l45682 ls147">-Borås</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><div id="pp-id-8001"><div id="pp-id-7362"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7653"><div id="pp-id-4914"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5483"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6052"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6621"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3">KB </span><span class="pp-class-182 pa t45369 l45645 ls239">Backa </span><span class="pp-class-182 pa t45369 l45683">107:3</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><div id="pp-id-8004"><div id="pp-id-7363"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7654"><div id="pp-id-4915"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5484"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6053"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6622"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">KB </span><span class="pp-class-182 pa t45371 l45645">Ädelgasen </span><span class="pp-class-182 pa t45371 l45684">1 </span><span class="pp-class-182 pa t45371 l45685 ls1683">-Jönköping</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3">KB </span><span class="pp-class-182 pa t45373 l45645">Älghunden </span><span class="pp-class-182 pa t45373 l45686 ls1849">Jönköping</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8179"><div id="pp-id-7364"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7655"><div id="pp-id-4917"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5486"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6055"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6624"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3">KB </span><span class="pp-class-182 pa t45374 l45645 ls239">Malmö </span><span class="pp-class-182 pa t45374 l45687">Hamnen </span><span class="pp-class-182 pa t45374 l45688">22 </span><span class="pp-class-182 pa t45374 l45689 ls158">Malmö</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8011"><div id="pp-id-7365"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7656"><div id="pp-id-4918"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5487"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6056"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6625"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3">KB </span><span class="pp-class-182 pa t45377 l45645 ls1683">Forsmark </span><span class="pp-class-182 pa t45377 l45690">5 </span><span class="pp-class-182 pa t45377 l45691 ls946">Stockholm</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><div id="pp-id-8014"><div id="pp-id-7366"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7657"><div id="pp-id-4919"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5488"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6057"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6626"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3">KB </span><span class="pp-class-182 pa t45379 l45645 ls48">Arbetsbasen </span><span class="pp-class-182 pa t45379 l45692">4 </span><span class="pp-class-182 pa t45379 l45693 ls59">-Stockholm</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><div id="pp-id-8019"><div id="pp-id-7367"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7658"><div id="pp-id-4920"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5489"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6058"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6627"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3">KB </span><span class="pp-class-182 pa t45382 l45645 ls1683">Forsmark </span><span class="pp-class-182 pa t45382 l45690">3 </span><span class="pp-class-182 pa t45382 l45691 ls59">-Stockholm</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8024"><div id="pp-id-7368"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7659"><div id="pp-id-4921"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5490"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6059"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6628"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3">KB </span><span class="pp-class-182 pa t45385 l45645 ls1683">Forsmark </span><span class="pp-class-182 pa t45385 l45690">2 </span><span class="pp-class-182 pa t45385 l45691 ls59">-Stockholm</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><div id="pp-id-8029"><div id="pp-id-7369"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7660"><div id="pp-id-4922"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5491"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6060"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6629"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3">KB </span><span class="pp-class-182 pa t45389 l45645 ls7427">Tveta-Valsta </span><span class="pp-class-182 pa t45389 l45694">4:5 </span><span class="pp-class-182 pa t45389 l45695">Södertälje</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8183"><div id="pp-id-7370"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7661"><div id="pp-id-4923"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5492"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6061"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6630"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3">KB </span><span class="pp-class-182 pa t45390 l45645 ls1452">Frysen </span><span class="pp-class-182 pa t45390 l45696">1 </span><span class="pp-class-182 pa t45390 l45697">Visby</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8186"><div id="pp-id-7371"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7662"><div id="pp-id-4924"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5493"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6062"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6631"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3">KB </span><span class="pp-class-182 pa t45392 l45645 ls394">Fryshuset </span><span class="pp-class-182 pa t45392 l45698">3-Visby</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8258"><div id="pp-id-7372"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7663"><div id="pp-id-4925"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5494"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6063"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6632"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3 ls2061">Fullerö </span><span class="pp-class-182 pa t45396 l45699">67:2 </span><span class="pp-class-182 pa t45396 l45700">Uppsala </span><span class="pp-class-182 pa t45396 l45701 ls457">Aktiebolag</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8036"><div id="pp-id-7373"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7664"><div id="pp-id-4926"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5495"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6064"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6633"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l3">Göinge </span><span class="pp-class-182 pa t45397 l45702 ls2061">Frakt </span><span class="pp-class-182 pa t45397 l45703">EK</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45397 l45247">100.0%</span></p></div><div><div id="pp-id-8040"><div id="pp-id-7374"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7665"><div id="pp-id-4927"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5496"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6065"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6634"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l3">DSV </span><span class="pp-class-182 pa t45399 l7682 ls107">Road </span><span class="pp-class-182 pa t45399 l45253 ls1761">Property </span><span class="pp-class-182 pa t45399 l45704">Holding </span><span class="pp-class-182 pa t45399 l45705">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45399 l45247">100.0%</span></p></div><div><div id="pp-id-8043"><div id="pp-id-7375"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7666"><div id="pp-id-4928"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5497"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6066"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6635"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45400 l45306">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45400 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45565 l45306 ls48">Equipment </span><span class="pp-class-182 pa t45565 l45706">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45565 l45247">100.0%</span></p></div><div><div id="pp-id-8194"><div id="pp-id-7377"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7668"><div id="pp-id-4930"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5499"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6068"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6637"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45566 l45306 ls226">Consulting </span><span class="pp-class-182 pa t45566 l45707">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45566 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l3 ls6341">Schenker </span><span class="pp-class-182 pa t45573 l45442 ls2259">Dedicated </span><span class="pp-class-182 pa t45573 l45708 ls6538">Services </span><span class="pp-class-182 pa t45573 l45709 ls28862">Sweden </span><span class="pp-class-182 pa t45573 l45710 ls3187">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45573 l45247">100.0%</span></p></div><div><div id="pp-id-8200"><div id="pp-id-7379"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7670"><div id="pp-id-4932"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5501"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6070"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6639"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45661 l45614 ls2483">Akeri </span><span class="pp-class-182 pa t45661 l45711 ls2236">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45661 l45247">100.0%</span></p></div><div><div id="pp-id-8260"><div id="pp-id-7380"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7671"><div id="pp-id-4933"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5502"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6071"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6640"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8243" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45714 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">GIL </span><span class="pp-class-182 pa t45198 l45522 ls2476">Switzerland </span><span class="pp-class-182 pa t45198 l45715">4 </span><span class="pp-class-182 pa t45198 l45716 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8264"><div id="pp-id-7093"><div class="pp-class-189" id="pp-id-4938"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5507"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6076"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6645"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8221"><div class="pp-class-189" id="pp-id-7386"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7677"><div class="pp-class-189" id="pp-id-4946"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5515"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6084"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6653"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8274"><div id="pp-id-7388"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7679"><div id="pp-id-4948"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5517"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6086"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6655"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7951"><div id="pp-id-7390"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7681"><div id="pp-id-4952"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5521"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6090"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6659"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7864"><div id="pp-id-7385"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7676"><div id="pp-id-4944"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5513"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6082"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6651"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8267"><div id="pp-id-4663"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7003"><div class="pp-class-189" id="pp-id-4939"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5508"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6077"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6646"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7976"><div id="pp-id-7381"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7672"><div id="pp-id-4934"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5503"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6072"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6641"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45292 l45261 ls147">Welttransport </span><span class="pp-class-182 pa t45292 l45718">Holding </span><span class="pp-class-182 pa t45292 l45719 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7986"><div id="pp-id-7382"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7673"><div id="pp-id-4935"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5504"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6073"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6642"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682 ls3962">Corporate </span><span class="pp-class-182 pa t45294 l45720 ls3185">Services </span><span class="pp-class-182 pa t45294 l45721 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7822"><div id="pp-id-7383"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7674"><div id="pp-id-4936"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5505"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6074"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6643"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45295 l45261 ls149">International </span><span class="pp-class-182 pa t45295 l45722 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-7829"><div id="pp-id-7384"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7675"><div id="pp-id-4937"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5506"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6075"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6644"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682">Air </span><span class="pp-class-182 pa t45297 l45249">&amp; </span><span class="pp-class-182 pa t45297 l45250 ls226">Sea </span><span class="pp-class-182 pa t45297 l45251 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45300 l45306 ls704">Schweiz </span><span class="pp-class-182 pa t45300 l45291 ls1728">AG</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">DSV </span><span class="pp-class-182 pa t45301 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45301 l45296 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45717 ls2540">Switzerland</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-8269"><div id="pp-id-7879"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7915"><div id="pp-id-4940"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5509"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6078"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6647"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682">Air </span><span class="pp-class-182 pa t45305 l45249">&amp; </span><span class="pp-class-182 pa t45305 l45250 ls226">Sea </span><span class="pp-class-182 pa t45305 l45251 ls45398">A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45723 ls3681">Türkiye</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-8245"><div id="pp-id-7094"><div class="pp-class-189" id="pp-id-4941"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5510"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6079"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6648"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3 ls59">Schenker-Arkas </span><span class="pp-class-182 pa t45307 l45724 ls394">Nakliyat </span><span class="pp-class-182 pa t45307 l45725 ls7162">Ve </span><span class="pp-class-182 pa t45307 l45726 ls3995">Tic. </span><span class="pp-class-182 pa t45307 l45727 ls45398">A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45723 ls3681">Türkiye</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45304">55.0%</span></p></div><div><div id="pp-id-7858"><div id="pp-id-4664"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7004"><div class="pp-class-189" id="pp-id-4942"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5511"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6080"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6649"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3">DSV </span><span class="pp-class-182 pa t45366 l7682 ls149">International </span><span class="pp-class-182 pa t45366 l8721 ls158">Hava </span><span class="pp-class-182 pa t45366 l45728 ls1378">ve </span><span class="pp-class-182 pa t45366 l45729">Deniz </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3 ls1536">Taşimaciliği </span><span class="pp-class-182 pa t45312 l45730 ls1528">Ltd.Şirketi</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45723 ls3681">Türkiye</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-7998"><div id="pp-id-7095"><div class="pp-class-189" id="pp-id-4943"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5512"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6081"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6650"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3">DSV </span><span class="pp-class-182 pa t45314 l7682 ls107">Road </span><span class="pp-class-182 pa t45314 l45253">&amp; </span><span class="pp-class-182 pa t45314 l45731">Solutions </span><span class="pp-class-182 pa t45314 l5553 ls45398">A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45723 ls3681">Türkiye</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45315 l45261 ls1866">World </span><span class="pp-class-182 pa t45315 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45315 l45276 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l12442 ls2476">Ukraine</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-8270"><div id="pp-id-7096"><div class="pp-class-189" id="pp-id-4945"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5514"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6083"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6652"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">DSV </span><span class="pp-class-182 pa t45316 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45316 l45296 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l12442 ls2476">Ukraine</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3">DP </span><span class="pp-class-182 pa t45319 l45732 ls704">Schenker</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l12442 ls2476">Ukraine</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-8273"><div class="pp-class-189" id="pp-id-7387"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7678"><div class="pp-class-189" id="pp-id-4947"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5516"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6085"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6654"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682 ls6634">Real </span><span class="pp-class-182 pa t45322 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45322 l45298 ls86">Kyiv </span><span class="pp-class-182 pa t45322 l45733 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l12442 ls2476">Ukraine</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l3">DSV </span><span class="pp-class-182 pa t45325 l7682">GIL </span><span class="pp-class-182 pa t45325 l45494">Holding </span><span class="pp-class-182 pa t45325 l45734 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45735 ls117">United </span><span class="pp-class-182 pa t45325 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45247">100.0%</span></p></div><div><div id="pp-id-7945"><div id="pp-id-7389"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7680"><div id="pp-id-4949"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5518"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6087"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6656"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l3">DSV </span><span class="pp-class-182 pa t45326 l7682">Air </span><span class="pp-class-182 pa t45326 l45249">&amp; </span><span class="pp-class-182 pa t45326 l45250 ls226">Sea </span><span class="pp-class-182 pa t45326 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45735 ls117">United </span><span class="pp-class-182 pa t45326 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45326 l45247">100.0%</span></p></div><div><div id="pp-id-8228"><div id="pp-id-7097"><div class="pp-class-189" id="pp-id-4950"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5519"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6088"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6657"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l3">DSV </span><span class="pp-class-182 pa t45327 l7682">GIL </span><span class="pp-class-182 pa t45327 l45494">UK </span><span class="pp-class-182 pa t45327 l45737 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45735 ls117">United </span><span class="pp-class-182 pa t45327 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45327 l45247">100.0%</span></p></div><div><div id="pp-id-8277"><div id="pp-id-7098"><div class="pp-class-189" id="pp-id-4951"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5520"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6089"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6658"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l3">DSV </span><span class="pp-class-182 pa t45329 l7682">GIL </span><span class="pp-class-182 pa t45329 l45494 ls75">Fairs </span><span class="pp-class-182 pa t45329 l18860">&amp; </span><span class="pp-class-182 pa t45329 l21408 ls556">Events </span><span class="pp-class-182 pa t45329 l45738 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45735 ls117">United </span><span class="pp-class-182 pa t45329 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45329 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l3">DSV </span><span class="pp-class-182 pa t45331 l7682">GIL </span><span class="pp-class-182 pa t45331 l45494 ls1122">Pension </span><span class="pp-class-182 pa t45331 l45739 ls1186">Trustees </span><span class="pp-class-182 pa t45331 l45740 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45735 ls117">United </span><span class="pp-class-182 pa t45331 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45331 l45247">100.0%</span></p></div><div><div id="pp-id-8278"><div id="pp-id-7099"><div class="pp-class-189" id="pp-id-4953"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5522"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6091"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6660"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l3">DSV </span><span class="pp-class-182 pa t45333 l7682">Air </span><span class="pp-class-182 pa t45333 l45249">&amp; </span><span class="pp-class-182 pa t45333 l45250 ls226">Sea </span><span class="pp-class-182 pa t45333 l45251">2018 </span><span class="pp-class-182 pa t45333 l45741">(UK) </span><span class="pp-class-182 pa t45333 l45742 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45735 ls117">United </span><span class="pp-class-182 pa t45333 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45333 l45247">100.0%</span></p></div><div><div id="pp-id-8279"><div id="pp-id-7100"><div class="pp-class-189" id="pp-id-4954"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5523"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6092"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6661"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l3">DSV </span><span class="pp-class-182 pa t45335 l7682 ls164">Lead </span><span class="pp-class-182 pa t45335 l45743 ls239">Logistics </span><span class="pp-class-182 pa t45335 l45744 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45735 ls117">United </span><span class="pp-class-182 pa t45335 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45335 l45247">100.0%</span></p></div><div><div id="pp-id-7956"><div id="pp-id-7391"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7682"><div id="pp-id-4955"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5524"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6093"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6662"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l3">DSV </span><span class="pp-class-182 pa t45339 l7682">GIL </span><span class="pp-class-182 pa t45339 l45494">Solutions </span><span class="pp-class-182 pa t45339 l45745 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45735 ls117">United </span><span class="pp-class-182 pa t45339 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45339 l45247">100.0%</span></p></div><div><div id="pp-id-7958"><div id="pp-id-7101"><div class="pp-class-189" id="pp-id-4956"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5525"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6094"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6663"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l3">DSV </span><span class="pp-class-182 pa t45341 l7682">GIL </span><span class="pp-class-182 pa t45341 l45494 ls205">Management </span><span class="pp-class-182 pa t45341 l45746 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45735 ls117">United </span><span class="pp-class-182 pa t45341 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45247">100.0%</span></p></div><div><div id="pp-id-8234"><div id="pp-id-7102"><div class="pp-class-189" id="pp-id-4957"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5526"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6095"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6664"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45342 l45306 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45735 ls117">United </span><span class="pp-class-182 pa t45342 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45247">100.0%</span></p></div><div><div id="pp-id-8236"><div id="pp-id-4665"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7005"><div class="pp-class-189" id="pp-id-4958"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5527"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6096"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6665"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l3">DSV </span><span class="pp-class-182 pa t45345 l7682 ls6634">Real </span><span class="pp-class-182 pa t45345 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45345 l45298 ls1444">Thrapston </span><span class="pp-class-182 pa t45345 l45747 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45735 ls117">United </span><span class="pp-class-182 pa t45345 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45247">100.0%</span></p></div><div><div id="pp-id-8239"><div id="pp-id-7392"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7683"><div id="pp-id-4959"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5528"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6097"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6666"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3">G </span><span class="pp-class-182 pa t45348 l45748">T </span><span class="pp-class-182 pa t45348 l45749 ls1595">Exhibitions </span><span class="pp-class-182 pa t45348 l45750 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45735 ls117">United </span><span class="pp-class-182 pa t45348 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-8280"><div id="pp-id-7393"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7684"><div id="pp-id-4960"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5529"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6098"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6667"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3">DSV </span><span class="pp-class-182 pa t45350 l7682 ls6634">Real </span><span class="pp-class-182 pa t45350 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45350 l45298 ls3962">Mercia </span><span class="pp-class-182 pa t45350 l45751 ls1430">Park </span><span class="pp-class-182 pa t45350 l45752 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45735 ls117">United </span><span class="pp-class-182 pa t45350 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-7966"><div id="pp-id-7394"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7685"><div id="pp-id-4961"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5530"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6099"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6668"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l3">DSV </span><span class="pp-class-182 pa t45353 l7682 ls107">Road </span><span class="pp-class-182 pa t45353 l45253">Holding </span><span class="pp-class-182 pa t45353 l45291 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45735 ls117">United </span><span class="pp-class-182 pa t45353 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45353 l45247">100.0%</span></p></div><div><div id="pp-id-7969"><div id="pp-id-7395"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7686"><div id="pp-id-4962"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5531"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6100"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6669"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8301" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45753 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls2476">Commercials </span><span class="pp-class-182 pa t45198 l45754 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45735 ls117">United </span><span class="pp-class-182 pa t45198 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8246"><div id="pp-id-7103"><div class="pp-class-189" id="pp-id-4968"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5537"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6106"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6675"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7830"><div id="pp-id-7398"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7689"><div id="pp-id-4966"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5535"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6104"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6673"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7977"><div id="pp-id-7396"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7687"><div id="pp-id-4963"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5532"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6101"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6670"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8281"><div id="pp-id-7880"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7916"><div id="pp-id-4964"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5533"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6102"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6671"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8284"><div id="pp-id-7400"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7691"><div id="pp-id-4971"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5540"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6109"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6678"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682 ls107">Road </span><span class="pp-class-182 pa t45292 l45253 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45735 ls117">United </span><span class="pp-class-182 pa t45292 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">DSV </span><span class="pp-class-182 pa t45294 l7682 ls1122">Pension </span><span class="pp-class-182 pa t45294 l45755 ls1186">Trustees </span><span class="pp-class-182 pa t45294 l45756 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45735 ls117">United </span><span class="pp-class-182 pa t45294 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7823"><div id="pp-id-7397"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7688"><div id="pp-id-4965"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5534"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6103"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6672"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45295 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45295 l45259 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45735 ls117">United </span><span class="pp-class-182 pa t45295 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls6634">Real </span><span class="pp-class-182 pa t45297 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45297 l45298 ls6383">Tamworth </span><span class="pp-class-182 pa t45297 l45757 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45735 ls117">United </span><span class="pp-class-182 pa t45297 l45736">Kingdom</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7838"><div id="pp-id-7399"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7690"><div id="pp-id-4967"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5536"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6105"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6674"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t45301 l3 ls455">Americas</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3 ls164">UTi </span><span class="pp-class-182 pa t45305 l45546 ls239">Logistics </span><span class="pp-class-182 pa t45305 l45758 ls59">Argentina </span><span class="pp-class-182 pa t45305 l45759 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l15432 ls946">Argentina</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45760 l3 ls3325">DSV </span><span class="pp-class-182 pa t45760 l45761 ls3325">Air </span><span class="pp-class-182 pa t45760 l45762 ls6554">&amp; </span><span class="pp-class-182 pa t45760 l45763 ls2412">Sea </span><span class="pp-class-182 pa t45760 l22753 ls28776">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45760 l15432 ls946">Argentina</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45760 l45247">100.0%</span></p></div><div><div id="pp-id-8282"><div id="pp-id-7104"><div class="pp-class-189" id="pp-id-4969"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5538"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6107"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6676"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45764 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45764 l45306 ls59">Argentina </span><span class="pp-class-182 pa t45764 l45765 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45764 l15432 ls946">Argentina</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45764 l45247">100.0%</span></p></div><div><div id="pp-id-8283"><div id="pp-id-4666"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7006"><div class="pp-class-189" id="pp-id-4970"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5539"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6108"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6677"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45766 l3 ls455">GeoLogistics </span><span class="pp-class-182 pa t45766 l45767">Holdings </span><span class="pp-class-182 pa t45766 l45768">(Bermuda) </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45769 l3 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45766 l45770">Bermuda</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45766 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45771 l3">DSV </span><span class="pp-class-182 pa t45771 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45771 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45771 l45259 ls2476">Brasil </span><span class="pp-class-182 pa t45771 l45772 ls3185">Serviços </span><span class="pp-class-182 pa t45773 l3">de </span><span class="pp-class-182 pa t45773 l45774 ls1217">Logística </span><span class="pp-class-182 pa t45773 l45775 ls107">Ltda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45771 l45776 ls147">Brazil</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45771 l45247">100.0%</span></p></div><div><div id="pp-id-8285"><div id="pp-id-7401"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7692"><div id="pp-id-4972"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5541"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6110"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6679"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45777 l3">DSV </span><span class="pp-class-182 pa t45777 l7682">Air </span><span class="pp-class-182 pa t45777 l45249">&amp; </span><span class="pp-class-182 pa t45777 l45250 ls226">Sea </span><span class="pp-class-182 pa t45777 l45251 ls2476">Brasil </span><span class="pp-class-182 pa t45777 l45778 ls107">Ltda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45777 l45776 ls147">Brazil</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45777 l45247">100.0%</span></p></div><div><div id="pp-id-8286"><div id="pp-id-7881"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7917"><div class="pp-class-189" id="pp-id-4973"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5542"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6111"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6680"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45779 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45779 l45306">do </span><span class="pp-class-182 pa t45779 l45780 ls2476">Brasil </span><span class="pp-class-182 pa t45779 l45781 ls7509">Transportes </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45782 l3 ls93">Internacionais </span><span class="pp-class-182 pa t45782 l45783 ls107">Ltda.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45779 l45776 ls147">Brazil</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45779 l45247">100.0%</span></p></div><div><div id="pp-id-8287"><div id="pp-id-4667"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7007"><div class="pp-class-189" id="pp-id-4974"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5543"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6112"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6681"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45784 l3 ls164">UTi </span><span class="pp-class-182 pa t45784 l45546 ls1740">Worldwide </span><span class="pp-class-182 pa t45784 l24391 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45784 l45785 ls15905">Brit. </span><span class="pp-class-182 pa t45784 l15384 ls1418">Virgin </span><span class="pp-class-182 pa t45784 l45786">Islands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45784 l45247">100.0%</span></p></div><div><div id="pp-id-8288"><div id="pp-id-7402"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7693"><div id="pp-id-4975"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5544"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6113"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6682"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45787 l3 ls164">UTi </span><span class="pp-class-182 pa t45787 l45546 ls239">Logistics </span><span class="pp-class-182 pa t45787 l45758 ls1122">(Proprietary) </span><span class="pp-class-182 pa t45787 l45788 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45787 l45785 ls15905">Brit. </span><span class="pp-class-182 pa t45787 l15384 ls1418">Virgin </span><span class="pp-class-182 pa t45787 l45786">Islands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45787 l45247">100.0%</span></p></div><div><div id="pp-id-8289"><div id="pp-id-7403"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7694"><div id="pp-id-4976"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5545"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6114"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6683"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45789 l3 ls3593">Agility </span><span class="pp-class-182 pa t45789 l45539 ls4015">(Asia/Pacific) </span><span class="pp-class-182 pa t45789 l45790 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45789 l45785 ls15905">Brit. </span><span class="pp-class-182 pa t45789 l15384 ls1418">Virgin </span><span class="pp-class-182 pa t45789 l45786">Islands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45789 l45247">100.0%</span></p></div><div><div id="pp-id-8290"><div id="pp-id-7404"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7695"><div id="pp-id-4977"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5546"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6115"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6684"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45791 l3 ls6357">PWC </span><span class="pp-class-182 pa t45791 l45792 ls8006">Global </span><span class="pp-class-182 pa t45791 l45793 ls1498">Logistics </span><span class="pp-class-182 pa t45791 l45794 ls2688">Holdings </span><span class="pp-class-182 pa t45791 l45795 ls6383">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45791 l45785 ls15905">Brit. </span><span class="pp-class-182 pa t45791 l15384 ls1418">Virgin </span><span class="pp-class-182 pa t45791 l45786">Islands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45791 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8291"><div id="pp-id-7405"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7696"><div id="pp-id-4978"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5547"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6116"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6685"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45797 l3 ls6357">DSV </span><span class="pp-class-182 pa t45797 l45240 ls2500">Air </span><span class="pp-class-182 pa t45797 l45798 ls2236">&amp; </span><span class="pp-class-182 pa t45797 l45799 ls228">Sea </span><span class="pp-class-182 pa t45797 l45800 ls1598">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45797 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45797 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8292"><div id="pp-id-7882"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7918"><div class="pp-class-189" id="pp-id-4979"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5548"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6117"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6686"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45802 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45802 l45614 ls4372">of </span><span class="pp-class-182 pa t45802 l34150 ls2382">Canada </span><span class="pp-class-182 pa t45802 l45803 ls2313">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45802 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45802 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8293"><div id="pp-id-4668"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7008"><div class="pp-class-189" id="pp-id-4980"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5549"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6118"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6687"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45804 l3 ls117">Flinnco </span><span class="pp-class-182 pa t45804 l45805">Shipping </span><span class="pp-class-182 pa t45804 l45806 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45804 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45804 l45247">100.0%</span></p></div><div><div id="pp-id-8294"><div id="pp-id-7105"><div class="pp-class-189" id="pp-id-4981"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5550"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6119"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6688"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45807 l3">DSV </span><span class="pp-class-182 pa t45807 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45807 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45807 l45259 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45807 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45807 l45247">100.0%</span></p></div><div><div id="pp-id-8295"><div id="pp-id-7406"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7697"><div id="pp-id-4982"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5551"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6120"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6689"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45808 l3">DSV </span><span class="pp-class-182 pa t45808 l7682 ls164">Road, </span><span class="pp-class-182 pa t45808 l45809 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45808 l45801 ls1617">Canada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45808 l45247">100.0%</span></p></div><div><div id="pp-id-8296"><div id="pp-id-7407"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7698"><div id="pp-id-4983"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5552"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6121"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6690"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45810 l3">DSV </span><span class="pp-class-182 pa t45810 l7682">Air </span><span class="pp-class-182 pa t45810 l45249">&amp; </span><span class="pp-class-182 pa t45810 l45250 ls226">Sea </span><span class="pp-class-182 pa t45810 l45251">(Latin </span><span class="pp-class-182 pa t45810 l45811 ls556">America) </span><span class="pp-class-182 pa t45812 l3">Holding </span><span class="pp-class-182 pa t45812 l45813 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45810 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45810 l45247">100.0%</span></p></div><div><div id="pp-id-8297"><div id="pp-id-7106"><div class="pp-class-189" id="pp-id-4984"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5553"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6122"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6691"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45815 l3">DSV </span><span class="pp-class-182 pa t45815 l7682">Air </span><span class="pp-class-182 pa t45815 l45249">&amp; </span><span class="pp-class-182 pa t45815 l45250 ls226">Sea </span><span class="pp-class-182 pa t45815 l45251 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45815 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45815 l45247">100.0%</span></p></div><div><div id="pp-id-8298"><div id="pp-id-7107"><div class="pp-class-189" id="pp-id-4985"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5554"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6123"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6692"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45816 l3 ls3593">Agility </span><span class="pp-class-182 pa t45816 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45816 l45540 ls70">Corp. </span><span class="pp-class-182 pa t45816 l45817">Holding </span><span class="pp-class-182 pa t45816 l45818">SpA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45816 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45816 l45247">100.0%</span></p></div><div><div id="pp-id-8299"><div id="pp-id-7108"><div class="pp-class-189" id="pp-id-4986"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5555"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6124"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6693"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45819 l3 ls3593">Agility </span><span class="pp-class-182 pa t45819 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45819 l45540">Chile </span><span class="pp-class-182 pa t45819 l45820">SA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45819 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45819 l45247">100.0%</span></p></div><div><div id="pp-id-8300"><div id="pp-id-7109"><div class="pp-class-189" id="pp-id-4987"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5556"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6125"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6694"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8202" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306">Chile </span><span class="pp-class-182 pa t45198 l41332 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45814">Chile</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7226"><div id="pp-id-7110"><div class="pp-class-189" id="pp-id-4989"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5558"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6127"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6696"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8113"><div id="pp-id-7408"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7699"><div id="pp-id-4991"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5560"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6129"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6698"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8323"><div id="pp-id-7414"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7705"><div id="pp-id-5005"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5574"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6143"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6712"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7044"><div id="pp-id-4669"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7009"><div class="pp-class-189" id="pp-id-4988"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5557"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6126"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6695"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8315"><div id="pp-id-7410"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7701"><div id="pp-id-4998"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5567"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6136"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6705"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls4148">S.A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45821 ls1378">Colombia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls86">AGENCIA </span><span class="pp-class-182 pa t45294 l45822">DE </span><span class="pp-class-182 pa t45294 l45823 ls455">ADUANAS </span><span class="pp-class-182 pa t45294 l45824">DSV </span><span class="pp-class-182 pa t45294 l45825 ls3964">S.A.S. </span><span class="pp-class-182 pa t45487 l3">NIVEL </span><span class="pp-class-182 pa t45487 l45826">1</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45821 ls1378">Colombia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-8302"><div id="pp-id-7111"><div class="pp-class-189" id="pp-id-4990"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5559"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6128"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6697"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45490 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45490 l45259 ls4148">S.A.S.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45821 ls1378">Colombia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3 ls2380">DSV </span><span class="pp-class-182 pa t45422 l45827 ls6924">Contract </span><span class="pp-class-182 pa t45422 l45828 ls6530">Logistics </span><span class="pp-class-182 pa t45422 l45829 ls7025">Zona </span><span class="pp-class-182 pa t45422 l45830 ls5278">Franca </span><span class="pp-class-182 pa t45422 l45831 ls3187">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45821 ls1378">Colombia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><div id="pp-id-8209"><div id="pp-id-7409"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7700"><div id="pp-id-4992"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5561"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6130"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6699"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3">DSV </span><span class="pp-class-182 pa t45424 l7682">Air </span><span class="pp-class-182 pa t45424 l45249">&amp; </span><span class="pp-class-182 pa t45424 l45250 ls226">Sea </span><span class="pp-class-182 pa t45424 l45251 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45832 ls5508">Costa </span><span class="pp-class-182 pa t45424 l45833 ls1849">Rica</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8121"><div id="pp-id-7112"><div class="pp-class-189" id="pp-id-4993"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5562"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6131"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6700"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3 ls6357">DSV </span><span class="pp-class-182 pa t45427 l45240 ls2500">AIR </span><span class="pp-class-182 pa t45427 l45834 ls2236">&amp; </span><span class="pp-class-182 pa t45427 l45835 ls1528">SEA </span><span class="pp-class-182 pa t45427 l45836 ls218">DOMINICANA, </span><span class="pp-class-182 pa t45427 l45837 ls6300">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45838 ls1026">Dominican </span><span class="pp-class-182 pa t45430 l45321 ls704">Republic</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><div id="pp-id-8309"><div id="pp-id-7113"><div class="pp-class-189" id="pp-id-4994"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5563"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6132"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6701"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3 ls57">DSV-AIR&amp;SEA </span><span class="pp-class-182 pa t45432 l45330 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45839 ls1378">Ecuador</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45247">100.0%</span></p></div><div><div id="pp-id-8077"><div id="pp-id-7114"><div class="pp-class-189" id="pp-id-4995"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5564"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6133"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6702"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3">DSV </span><span class="pp-class-182 pa t45434 l7682">Air </span><span class="pp-class-182 pa t45434 l45249">&amp; </span><span class="pp-class-182 pa t45434 l45250 ls158">Sea, </span><span class="pp-class-182 pa t45434 l45629 ls45840">S.A. </span><span class="pp-class-182 pa t45434 l45841">de </span><span class="pp-class-182 pa t45434 l45842 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l12607">El </span><span class="pp-class-182 pa t45434 l45843 ls455">Salvador</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45247">100.0%</span></p></div><div><div id="pp-id-8312"><div id="pp-id-7115"><div class="pp-class-189" id="pp-id-4996"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5565"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6134"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6703"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45844 l45306 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l45845 ls1849">Guatemala</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l45247">100.0%</span></p></div><div><div id="pp-id-8313"><div id="pp-id-7116"><div class="pp-class-189" id="pp-id-4997"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5566"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6135"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6704"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l3">DB </span><span class="pp-class-182 pa t45846 l45269 ls1849">Schenker </span><span class="pp-class-182 pa t45846 l45270 ls428">GBS </span><span class="pp-class-182 pa t45846 l45847 ls1026">Americas, </span><span class="pp-class-182 pa t45846 l45848">S. </span><span class="pp-class-182 pa t45846 l45849">de </span><span class="pp-class-182 pa t45846 l45850 ls45851">R.L. </span><span class="pp-class-182 pa t45440 l3">de </span><span class="pp-class-182 pa t45440 l45774 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3">DSV </span><span class="pp-class-182 pa t45441 l7682">Air </span><span class="pp-class-182 pa t45441 l45249">&amp; </span><span class="pp-class-182 pa t45441 l45250 ls158">Sea, </span><span class="pp-class-182 pa t45441 l45629 ls45840">S.A. </span><span class="pp-class-182 pa t45441 l45841">de </span><span class="pp-class-182 pa t45441 l45842 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><div id="pp-id-8317"><div id="pp-id-7117"><div class="pp-class-189" id="pp-id-4999"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5568"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6137"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6706"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l3">DSV </span><span class="pp-class-182 pa t45446 l7682 ls149">International </span><span class="pp-class-182 pa t45446 l8721 ls1418">Shared </span><span class="pp-class-182 pa t45446 l45491 ls3185">Services </span><span class="pp-class-182 pa t45446 l45853 ls45840">S.A. </span><span class="pp-class-182 pa t45501 l3">de </span><span class="pp-class-182 pa t45501 l45774 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45247">100.0%</span></p></div><div><div id="pp-id-8087"><div id="pp-id-7411"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7702"><div id="pp-id-5000"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5569"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6138"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6707"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l3 ls6801">TransOceanic </span><span class="pp-class-182 pa t45502 l45543">Shipping </span><span class="pp-class-182 pa t45502 l45854 ls1849">Co. </span><span class="pp-class-182 pa t45502 l45855">S. </span><span class="pp-class-182 pa t45502 l45856">de </span><span class="pp-class-182 pa t45502 l45857">RL </span><span class="pp-class-182 pa t45502 l45858">de </span><span class="pp-class-182 pa t45859 l3 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45247">100.0%</span></p></div><div><div id="pp-id-8319"><div id="pp-id-7118"><div class="pp-class-189" id="pp-id-5001"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5570"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6139"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6708"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45860 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45860 l45306 ls149">International </span><span class="pp-class-182 pa t45860 l45861 ls45840">S.A. </span><span class="pp-class-182 pa t45860 l45862">de </span><span class="pp-class-182 pa t45860 l45863 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45860 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45860 l45247">100.0%</span></p></div><div><div id="pp-id-8320"><div id="pp-id-4670"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7010"><div class="pp-class-189" id="pp-id-5002"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5571"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6140"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6709"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45864 l3">DSV </span><span class="pp-class-182 pa t45864 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45864 l30584 ls239">Logistics, </span><span class="pp-class-182 pa t45864 l10960 ls45840">S.A. </span><span class="pp-class-182 pa t45864 l45865">de </span><span class="pp-class-182 pa t45864 l45866 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45864 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45864 l45247">100.0%</span></p></div><div><div id="pp-id-8321"><div id="pp-id-7412"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7703"><div id="pp-id-5003"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5572"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6141"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6710"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45867 l3">DSV </span><span class="pp-class-182 pa t45867 l7682 ls455">Manufacturing </span><span class="pp-class-182 pa t45867 l45868 ls3185">Services </span><span class="pp-class-182 pa t45867 l45869 ls45840">S.A. </span><span class="pp-class-182 pa t45867 l45870">de </span><span class="pp-class-182 pa t45871 l3 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45867 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45867 l45247">100.0%</span></p></div><div><div id="pp-id-8322"><div id="pp-id-7413"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7704"><div id="pp-id-5004"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5573"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6142"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6711"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45872 l3">DSV </span><span class="pp-class-182 pa t45872 l7682 ls164">Road, </span><span class="pp-class-182 pa t45872 l45809 ls45840">S.A. </span><span class="pp-class-182 pa t45872 l45873">de </span><span class="pp-class-182 pa t45872 l26650 ls4038">C.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45872 l45852 ls1343">Mexico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45872 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45874 l3">DSV </span><span class="pp-class-182 pa t45874 l7682">Air </span><span class="pp-class-182 pa t45874 l45249">&amp; </span><span class="pp-class-182 pa t45874 l45250 ls226">Sea </span><span class="pp-class-182 pa t45874 l45251 ls2406">PA </span><span class="pp-class-182 pa t45874 l45875 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45874 l45876 ls1021">Panama</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45874 l45247">100.0%</span></p></div><div><div id="pp-id-8324"><div id="pp-id-7119"><div class="pp-class-189" id="pp-id-5006"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5575"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6144"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6713"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45877 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45877 l45261">SEM, </span><span class="pp-class-182 pa t45877 l45878 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45877 l45876 ls1021">Panama</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45877 l45247">100.0%</span></p></div><div><div id="pp-id-8325"><div id="pp-id-7120"><div class="pp-class-189" id="pp-id-5007"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5576"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6145"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6714"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45879 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45879 l45261 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45879 l45876 ls1021">Panama</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45879 l45247">100.0%</span></p></div><div><div id="pp-id-8326"><div id="pp-id-7415"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7706"><div id="pp-id-5008"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5577"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6146"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6715"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45880 l3 ls3782">Almacenadora </span><span class="pp-class-182 pa t45880 l45881 ls6634">Mercantil </span><span class="pp-class-182 pa t45880 l8784 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45880 l45876 ls1021">Panama</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45880 l45247">100.0%</span></p></div><div><div id="pp-id-8327"><div id="pp-id-7416"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7707"><div id="pp-id-5009"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5578"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6147"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6716"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45882 l3">DSV </span><span class="pp-class-182 pa t45882 l7682">Air </span><span class="pp-class-182 pa t45882 l45249">&amp; </span><span class="pp-class-182 pa t45882 l45250 ls226">Sea </span><span class="pp-class-182 pa t45882 l45251 ls4384">Paraguay </span><span class="pp-class-182 pa t45882 l2374 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45882 l45883 ls135">Paraguay</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45882 l45247">100.0%</span></p></div><div><div id="pp-id-8328"><div id="pp-id-7121"><div class="pp-class-189" id="pp-id-5010"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5579"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6148"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6717"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l3">DSV </span><span class="pp-class-182 pa t45884 l7682">Air </span><span class="pp-class-182 pa t45884 l45249">&amp; </span><span class="pp-class-182 pa t45884 l45250 ls226">Sea </span><span class="pp-class-182 pa t45884 l45251 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l11003 ls3681">Peru</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l45247">100.0%</span></p></div><div><div id="pp-id-8329"><div id="pp-id-7883"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7919"><div class="pp-class-189" id="pp-id-5011"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5580"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6149"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6718"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45885 l3 ls3593">Agility </span><span class="pp-class-182 pa t45885 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45885 l45540 ls52">Peru </span><span class="pp-class-182 pa t45885 l45886 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45885 l11003 ls3681">Peru</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45885 l45247">100.0%</span></p></div><div><div id="pp-id-8330"><div id="pp-id-7122"><div class="pp-class-189" id="pp-id-5012"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5581"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6150"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6719"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8345" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45889 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306 ls52">Peru </span><span class="pp-class-182 pa t45198 l45890 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l11003 ls3681">Peru</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7227"><div id="pp-id-7123"><div class="pp-class-189" id="pp-id-5014"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5583"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6152"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6721"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8129"><div id="pp-id-7419"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7710"><div id="pp-id-5023"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5592"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6161"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6730"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8152"><div id="pp-id-7429"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7720"><div id="pp-id-5034"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5603"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6172"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6741"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8331"><div id="pp-id-7884"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7920"><div class="pp-class-189" id="pp-id-5013"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5582"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6151"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6720"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8114"><div id="pp-id-7417"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7708"><div id="pp-id-5016"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5585"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6154"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6723"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251">(PR) </span><span class="pp-class-182 pa t45292 l45891 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l24082 ls226">Puerto </span><span class="pp-class-182 pa t45292 l45892 ls2061">Rico</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls2022">Arabella </span><span class="pp-class-182 pa t45294 l45893">Shipping </span><span class="pp-class-182 pa t45294 l45894 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45895">Saint </span><span class="pp-class-182 pa t45294 l45896 ls704">Vincent </span><span class="pp-class-182 pa t45294 l45309">And </span><span class="pp-class-182 pa t45487 l45897">The </span><span class="pp-class-182 pa t45487 l45898 ls59">Grenadines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-8303"><div id="pp-id-7124"><div class="pp-class-189" id="pp-id-5015"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5584"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6153"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6722"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682">4PL </span><span class="pp-class-182 pa t45490 l45899 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45900 ls117">United </span><span class="pp-class-182 pa t45490 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45422 l45306">Global </span><span class="pp-class-182 pa t45422 l45428 ls205">Management </span><span class="pp-class-182 pa t45422 l45429">&amp; </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l3 ls1674">Technology </span><span class="pp-class-182 pa t45902 l45903 ls218">Center </span><span class="pp-class-182 pa t45902 l45904 ls556">Americas </span><span class="pp-class-182 pa t45902 l45905 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45900 ls117">United </span><span class="pp-class-182 pa t45422 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><div id="pp-id-8210"><div id="pp-id-7418"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7709"><div id="pp-id-5017"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5586"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6155"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6724"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l3">DSV </span><span class="pp-class-182 pa t45493 l7682">Air </span><span class="pp-class-182 pa t45493 l45249">&amp; </span><span class="pp-class-182 pa t45493 l45250 ls226">Sea </span><span class="pp-class-182 pa t45493 l45251">Holding </span><span class="pp-class-182 pa t45493 l45340 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45900 ls117">United </span><span class="pp-class-182 pa t45493 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45247">100.0%</span></p></div><div><div id="pp-id-8334"><div id="pp-id-7125"><div class="pp-class-189" id="pp-id-5018"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5587"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6156"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6725"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3">DSV </span><span class="pp-class-182 pa t45430 l7682">Air </span><span class="pp-class-182 pa t45430 l45249">&amp; </span><span class="pp-class-182 pa t45430 l45250 ls226">Sea </span><span class="pp-class-182 pa t45430 l45251 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45900 ls117">United </span><span class="pp-class-182 pa t45430 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45247">100.0%</span></p></div><div><div id="pp-id-8336"><div id="pp-id-7885"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7921"><div class="pp-class-189" id="pp-id-5019"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5588"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6157"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6726"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3">DSV </span><span class="pp-class-182 pa t45432 l7682">Air </span><span class="pp-class-182 pa t45432 l45249">&amp; </span><span class="pp-class-182 pa t45432 l45250 ls226">Sea </span><span class="pp-class-182 pa t45432 l45251 ls149">International </span><span class="pp-class-182 pa t45906 l3">Holding </span><span class="pp-class-182 pa t45906 l45813 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45900 ls117">United </span><span class="pp-class-182 pa t45432 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45247">100.0%</span></p></div><div><div id="pp-id-8078"><div id="pp-id-7126"><div class="pp-class-189" id="pp-id-5020"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5589"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6158"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6727"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l3 ls6399">Schenker, </span><span class="pp-class-182 pa t45437 l45907 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45900 ls117">United </span><span class="pp-class-182 pa t45437 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45247">100.0%</span></p></div><div><div id="pp-id-8337"><div id="pp-id-4671"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7011"><div class="pp-class-189" id="pp-id-5021"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5590"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6159"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6728"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3">Karpeles </span><span class="pp-class-182 pa t45438 l45908 ls1728">Freight </span><span class="pp-class-182 pa t45438 l45909 ls2179">Services, </span><span class="pp-class-182 pa t45438 l45910 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45900 ls117">United </span><span class="pp-class-182 pa t45438 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45247">100.0%</span></p></div><div><div id="pp-id-8082"><div id="pp-id-7127"><div class="pp-class-189" id="pp-id-5022"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5591"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6160"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6729"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3">DSV </span><span class="pp-class-182 pa t45440 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45440 l30584 ls239">Logistics, </span><span class="pp-class-182 pa t45440 l10960 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45900 ls117">United </span><span class="pp-class-182 pa t45440 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3">DSV </span><span class="pp-class-182 pa t45441 l7682 ls48">Inventory </span><span class="pp-class-182 pa t45441 l45498 ls205">Management </span><span class="pp-class-182 pa t45500 l3">Solutions </span><span class="pp-class-182 pa t45500 l45911 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45900 ls117">United </span><span class="pp-class-182 pa t45441 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><div id="pp-id-8132"><div id="pp-id-7420"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7711"><div id="pp-id-5024"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5593"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6162"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6731"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l3">DSV </span><span class="pp-class-182 pa t45501 l7682">US </span><span class="pp-class-182 pa t45501 l45912 ls1761">Property </span><span class="pp-class-182 pa t45501 l45913 ls125">Holding, </span><span class="pp-class-182 pa t45501 l45914 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45900 ls117">United </span><span class="pp-class-182 pa t45501 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45247">100.0%</span></p></div><div><div id="pp-id-8134"><div id="pp-id-7421"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7712"><div id="pp-id-5025"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5594"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6163"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6732"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45502 l45306 ls1026">Americas, </span><span class="pp-class-182 pa t45502 l45915 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45900 ls117">United </span><span class="pp-class-182 pa t45502 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45502 l45247">100.0%</span></p></div><div><div id="pp-id-8137"><div id="pp-id-4672"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7012"><div class="pp-class-189" id="pp-id-5026"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5595"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6164"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6733"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l3">DSV </span><span class="pp-class-182 pa t45504 l7682 ls6634">Real </span><span class="pp-class-182 pa t45504 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45504 l45298 ls164">Los </span><span class="pp-class-182 pa t45504 l45651">Angeles, </span><span class="pp-class-182 pa t45504 l45916 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l45900 ls117">United </span><span class="pp-class-182 pa t45504 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45504 l45247">100.0%</span></p></div><div><div id="pp-id-8338"><div id="pp-id-7422"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7713"><div id="pp-id-5027"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5596"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6165"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6734"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l3">DSV </span><span class="pp-class-182 pa t45507 l7682 ls6634">Real </span><span class="pp-class-182 pa t45507 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45507 l45298 ls125">Phoenix, </span><span class="pp-class-182 pa t45507 l45917 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l45900 ls117">United </span><span class="pp-class-182 pa t45507 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45507 l45247">100.0%</span></p></div><div><div id="pp-id-8339"><div id="pp-id-7423"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7714"><div id="pp-id-5028"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5597"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6166"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6735"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l3">DSV </span><span class="pp-class-182 pa t45509 l7682 ls6634">Real </span><span class="pp-class-182 pa t45509 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45509 l45298 ls180">Chicago, </span><span class="pp-class-182 pa t45509 l45918 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l45900 ls117">United </span><span class="pp-class-182 pa t45509 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45509 l45247">100.0%</span></p></div><div><div id="pp-id-8340"><div id="pp-id-7424"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7715"><div id="pp-id-5029"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5598"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6167"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6736"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l3">DSV </span><span class="pp-class-182 pa t45510 l7682 ls6634">Real </span><span class="pp-class-182 pa t45510 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45510 l45298">New </span><span class="pp-class-182 pa t45510 l45919 ls704">Albany, </span><span class="pp-class-182 pa t45510 l32460 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l45900 ls117">United </span><span class="pp-class-182 pa t45510 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l45247">100.0%</span></p></div><div><div id="pp-id-8341"><div id="pp-id-7425"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7716"><div id="pp-id-5030"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5599"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6168"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6737"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l3">DSV </span><span class="pp-class-182 pa t45512 l7682 ls6634">Real </span><span class="pp-class-182 pa t45512 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45512 l45298 ls23013">Pharr, </span><span class="pp-class-182 pa t45512 l45920 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45900 ls117">United </span><span class="pp-class-182 pa t45512 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45247">100.0%</span></p></div><div><div id="pp-id-8144"><div id="pp-id-7426"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7717"><div id="pp-id-5031"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5600"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6169"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6738"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3">DSV </span><span class="pp-class-182 pa t45514 l7682 ls6634">Real </span><span class="pp-class-182 pa t45514 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45514 l45298 ls1683">Portland, </span><span class="pp-class-182 pa t45514 l45921 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45900 ls117">United </span><span class="pp-class-182 pa t45514 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45247">100.0%</span></p></div><div><div id="pp-id-8147"><div id="pp-id-7427"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7718"><div id="pp-id-5032"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5601"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6170"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6739"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3">DSV </span><span class="pp-class-182 pa t45516 l7682 ls6634">Real </span><span class="pp-class-182 pa t45516 l30184 ls2432">Estate </span><span class="pp-class-182 pa t45516 l45298 ls1502">Laredo, </span><span class="pp-class-182 pa t45516 l45922 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45900 ls117">United </span><span class="pp-class-182 pa t45516 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45247">100.0%</span></p></div><div><div id="pp-id-8150"><div id="pp-id-7428"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7719"><div id="pp-id-5033"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5602"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6171"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6740"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l3 ls856">Market </span><span class="pp-class-182 pa t45518 l45923 ls239">Industries </span><span class="pp-class-182 pa t45518 l10314 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45900 ls117">United </span><span class="pp-class-182 pa t45518 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l3">DSV </span><span class="pp-class-182 pa t45519 l7682 ls107">Road </span><span class="pp-class-182 pa t45519 l45253 ls1674">Transport, </span><span class="pp-class-182 pa t45519 l45924 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45900 ls117">United </span><span class="pp-class-182 pa t45519 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45247">100.0%</span></p></div><div><div id="pp-id-8156"><div id="pp-id-7430"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7721"><div id="pp-id-5035"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5604"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6173"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6742"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l3">DSV </span><span class="pp-class-182 pa t45521 l7682 ls164">Road, </span><span class="pp-class-182 pa t45521 l45809 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45900 ls117">United </span><span class="pp-class-182 pa t45521 l45901 ls3238">States</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45247">100.0%</span></p></div><div><div id="pp-id-8342"><div id="pp-id-7431"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7722"><div id="pp-id-5036"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5605"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6174"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6743"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l3">DSV </span><span class="pp-class-182 pa t45525 l7682">Air </span><span class="pp-class-182 pa t45525 l45249">&amp; </span><span class="pp-class-182 pa t45525 l45250 ls226">Sea </span><span class="pp-class-182 pa t45525 l45251">Uruguay </span><span class="pp-class-182 pa t45525 l45925 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45926">Uruguay</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45247">100.0%</span></p></div><div><div id="pp-id-8344"><div id="pp-id-7128"><div class="pp-class-189" id="pp-id-5037"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5606"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6175"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6744"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8354" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45927 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682">Air </span><span class="pp-class-182 pa t45198 l45249">&amp; </span><span class="pp-class-182 pa t45198 l45250 ls226">Sea </span><span class="pp-class-182 pa t45198 l45251 ls13515">Pty. </span><span class="pp-class-182 pa t45198 l45928 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8304"><div id="pp-id-7129"><div class="pp-class-189" id="pp-id-5040"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5609"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6178"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6747"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7987"><div id="pp-id-7432"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7723"><div id="pp-id-5039"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5608"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6177"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6746"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8332"><div id="pp-id-7886"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7922"><div class="pp-class-189" id="pp-id-5038"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5607"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6176"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6745"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8275"><div id="pp-id-7434"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7725"><div id="pp-id-5052"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5621"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6190"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6759"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Solutions </span><span class="pp-class-182 pa t45292 l45351 ls13515">Pty. </span><span class="pp-class-182 pa t45292 l45930 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls45931">A.C.N. </span><span class="pp-class-182 pa t45294 l45932">116 </span><span class="pp-class-182 pa t45294 l45933">779 </span><span class="pp-class-182 pa t45294 l45934">876 </span><span class="pp-class-182 pa t45294 l45935 ls8044">PTY </span><span class="pp-class-182 pa t45294 l45936 ls6611">LTD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls45931">A.C.N. </span><span class="pp-class-182 pa t45295 l45932">004 </span><span class="pp-class-182 pa t45295 l45933">265 </span><span class="pp-class-182 pa t45295 l45934">721 </span><span class="pp-class-182 pa t45295 l45935 ls8044">PTY </span><span class="pp-class-182 pa t45295 l45936 ls6611">LTD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-8168"><div id="pp-id-7130"><div class="pp-class-189" id="pp-id-5041"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5610"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6179"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6748"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3 ls45931">A.C.N. </span><span class="pp-class-182 pa t45297 l45932">078 </span><span class="pp-class-182 pa t45297 l45933">189 </span><span class="pp-class-182 pa t45297 l45934">296 </span><span class="pp-class-182 pa t45297 l45935 ls8044">PTY </span><span class="pp-class-182 pa t45297 l45936 ls6611">LTD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-7839"><div id="pp-id-7433"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7724"><div id="pp-id-5042"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5611"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6180"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6749"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45300 l45306 ls59">Australia </span><span class="pp-class-182 pa t45300 l45937 ls13515">Pty. </span><span class="pp-class-182 pa t45300 l45938 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45929 ls946">Australia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><div id="pp-id-8268"><div id="pp-id-4673"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7013"><div class="pp-class-189" id="pp-id-5043"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5612"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6181"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6750"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">DSV </span><span class="pp-class-182 pa t45301 l7682">Air </span><span class="pp-class-182 pa t45301 l45249">&amp; </span><span class="pp-class-182 pa t45301 l45250 ls226">Sea </span><span class="pp-class-182 pa t45301 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45939">Bangladesh</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><div id="pp-id-7991"><div id="pp-id-7131"><div class="pp-class-189" id="pp-id-5044"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5613"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6182"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6751"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3 ls3593">Agility </span><span class="pp-class-182 pa t45305 l45539 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45939">Bangladesh</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-8247"><div id="pp-id-7132"><div class="pp-class-189" id="pp-id-5045"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5614"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6183"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6752"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45307 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45307 l45550">(Bangladesh) </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l3 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45939">Bangladesh</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45304">40.0%</span></p></div><div><div id="pp-id-7859"><div id="pp-id-4674"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7014"><div class="pp-class-189" id="pp-id-5046"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5615"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6184"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6753"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3">DSV </span><span class="pp-class-182 pa t45312 l7682">Air </span><span class="pp-class-182 pa t45312 l45249">&amp; </span><span class="pp-class-182 pa t45312 l45250 ls226">Sea </span><span class="pp-class-182 pa t45312 l45251 ls492">(Cambodia) </span><span class="pp-class-182 pa t45312 l45940 ls86">Co., </span><span class="pp-class-182 pa t45312 l45941 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45247">100.0%</span></p></div><div><div id="pp-id-7861"><div id="pp-id-7133"><div class="pp-class-189" id="pp-id-5047"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5616"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6185"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6754"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3 ls75">Prime </span><span class="pp-class-182 pa t45314 l45943 ls3782">Cargo </span><span class="pp-class-182 pa t45314 l45944 ls492">(Cambodia) </span><span class="pp-class-182 pa t45314 l30326 ls86">Co., </span><span class="pp-class-182 pa t45314 l45945 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><div id="pp-id-8218"><div id="pp-id-7134"><div class="pp-class-189" id="pp-id-5048"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5617"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6186"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6755"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3">GIL </span><span class="pp-class-182 pa t45315 l45522 ls3342">Integration </span><span class="pp-class-182 pa t45315 l13261">1 </span><span class="pp-class-182 pa t45315 l45946 ls492">(Cambodia) </span><span class="pp-class-182 pa t45315 l45947 ls86">Co., </span><span class="pp-class-182 pa t45315 l45948 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-8271"><div id="pp-id-7135"><div class="pp-class-189" id="pp-id-5049"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5618"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6187"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6756"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">DB </span><span class="pp-class-182 pa t45316 l45269 ls1849">Schenker </span><span class="pp-class-182 pa t45316 l45270 ls492">(Cambodia) </span><span class="pp-class-182 pa t45316 l45949 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><div id="pp-id-7939"><div id="pp-id-7887"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7923"><div class="pp-class-189" id="pp-id-5050"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5619"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6188"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6757"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3">DSV </span><span class="pp-class-182 pa t45319 l7682">Air </span><span class="pp-class-182 pa t45319 l45249">&amp; </span><span class="pp-class-182 pa t45319 l45250 ls226">Sea </span><span class="pp-class-182 pa t45319 l45251 ls86">Co., </span><span class="pp-class-182 pa t45319 l45647 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-7941"><div id="pp-id-7136"><div class="pp-class-189" id="pp-id-5051"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5620"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6189"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6758"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682 ls394">Business </span><span class="pp-class-182 pa t45322 l45950 ls3185">Services </span><span class="pp-class-182 pa t45322 l45951">(Nanjing) </span><span class="pp-class-182 pa t45952 l3 ls86">Co., </span><span class="pp-class-182 pa t45952 l45953 ls107">Ltd. </span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l3">DSV </span><span class="pp-class-182 pa t45955 l7682">Air </span><span class="pp-class-182 pa t45955 l45249">&amp; </span><span class="pp-class-182 pa t45955 l45250 ls226">Sea </span><span class="pp-class-182 pa t45955 l45251 ls86">Co., </span><span class="pp-class-182 pa t45955 l45647 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l45247">100.0%</span></p></div><div><div id="pp-id-8346"><div id="pp-id-7137"><div class="pp-class-189" id="pp-id-5053"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5622"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6191"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6760"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l3">DSV </span><span class="pp-class-182 pa t45956 l7682">Air </span><span class="pp-class-182 pa t45956 l45249">&amp; </span><span class="pp-class-182 pa t45956 l45250 ls226">Sea </span><span class="pp-class-182 pa t45956 l45251 ls86">Co., </span><span class="pp-class-182 pa t45956 l45647 ls107">Ltd. </span><span class="pp-class-182 pa t45956 l45957">(China)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l45247">100.0%</span></p></div><div><div id="pp-id-8347"><div id="pp-id-7138"><div class="pp-class-189" id="pp-id-5054"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5623"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6192"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6761"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l3">DSV </span><span class="pp-class-182 pa t45958 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45958 l45296 ls86">Co., </span><span class="pp-class-182 pa t45958 l45959 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l45247">100.0%</span></p></div><div><div id="pp-id-8349"><div id="pp-id-7435"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7726"><div id="pp-id-5055"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5624"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6193"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6762"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45960 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45960 l45306 ls1663">BITCC </span><span class="pp-class-182 pa t45960 l45961 ls239">Logistics </span><span class="pp-class-182 pa t45960 l45962">(Beijing) </span><span class="pp-class-182 pa t45459 l3 ls86">Co., </span><span class="pp-class-182 pa t45459 l45953 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45960 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45960 l45304">70.0%</span></p></div><div><div id="pp-id-8351"><div id="pp-id-4675"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7015"><div class="pp-class-189" id="pp-id-5056"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5625"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6194"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6763"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45463 l45306">China </span><span class="pp-class-182 pa t45463 l45963 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45247">100.0%</span></p></div><div><div id="pp-id-8352"><div id="pp-id-4676"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7016"><div class="pp-class-189" id="pp-id-5057"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5626"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6195"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6764"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l3">Zhejiang </span><span class="pp-class-182 pa t45464 l45964">DSV </span><span class="pp-class-182 pa t45464 l45965">supply </span><span class="pp-class-182 pa t45464 l45966">chain </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3">management </span><span class="pp-class-182 pa t45516 l45967 ls211">CO.,LTD</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45464 l45247">100.0%</span></p></div><div><div id="pp-id-8100"><div id="pp-id-7436"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7727"><div id="pp-id-5058"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5627"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6196"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6765"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l3">DSV </span><span class="pp-class-182 pa t45518 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45518 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45518 l45259 ls86">Co., </span><span class="pp-class-182 pa t45518 l45968 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45247">100.0%</span></p></div><div><div id="pp-id-8153"><div id="pp-id-7437"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7728"><div id="pp-id-5059"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5628"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6197"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6766"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l3">DSV </span><span class="pp-class-182 pa t45519 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45519 l45296">(Nanjing) </span><span class="pp-class-182 pa t45519 l45969 ls86">Co., </span><span class="pp-class-182 pa t45519 l45970 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45247">100.0%</span></p></div><div><div id="pp-id-8157"><div id="pp-id-7438"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7729"><div id="pp-id-5060"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5629"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6198"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6767"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45521 l45306 ls1663">BITCC </span><span class="pp-class-182 pa t45521 l45961 ls2476">Customs </span><span class="pp-class-182 pa t45521 l45971 ls1822">Broker </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45972 l3">(Beijing) </span><span class="pp-class-182 pa t45972 l45973 ls1849">Co. </span><span class="pp-class-182 pa t45972 l45974 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45247">100.0%</span></p></div><div><div id="pp-id-8343"><div id="pp-id-7439"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7730"><div id="pp-id-5061"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5630"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6199"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6768"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45975 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45975 l45550">(Chongqing) </span><span class="pp-class-182 pa t45885 l3 ls1849">Co. </span><span class="pp-class-182 pa t45885 l45976 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l45247">100.0%</span></p></div><div><div id="pp-id-8353"><div id="pp-id-7440"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7731"><div id="pp-id-5062"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5631"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6200"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6769"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8203" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45198 l45550">(Shanghai) </span><span class="pp-class-182 pa t45198 l45977 ls86">Co., </span><span class="pp-class-182 pa t45198 l45978 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8318"><div id="pp-id-7139"><div class="pp-class-189" id="pp-id-5074"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5643"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6212"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6781"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7988"><div id="pp-id-7442"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7733"><div id="pp-id-5064"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5633"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6202"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6771"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7978"><div id="pp-id-7441"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7732"><div id="pp-id-5063"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5632"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6201"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6770"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8362"><div id="pp-id-7450"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7741"><div id="pp-id-5072"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5641"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6210"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6779"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8365"><div id="pp-id-7888"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7924"><div class="pp-class-189" id="pp-id-5076"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5645"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6214"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6783"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8130"><div id="pp-id-7451"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7742"><div id="pp-id-5073"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5642"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6211"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6780"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45292 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45292 l45550">(Xiamen) </span><span class="pp-class-182 pa t45292 l45979 ls1849">Co. </span><span class="pp-class-182 pa t45292 l45980 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45294 l45550">(Guangzhou) </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l3 ls1378">Company </span><span class="pp-class-182 pa t45487 l45981 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7824"><div id="pp-id-7443"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7734"><div id="pp-id-5065"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5634"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6203"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6772"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45490 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45490 l45550">(Suzhou) </span><span class="pp-class-182 pa t45982 l3 ls1378">Company </span><span class="pp-class-182 pa t45982 l45981 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><div id="pp-id-8115"><div id="pp-id-7444"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7735"><div id="pp-id-5066"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5635"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6204"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6773"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45902 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45902 l45550">(Shenzhen) </span><span class="pp-class-182 pa t45902 l45983 ls1849">Co. </span><span class="pp-class-182 pa t45902 l45984 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l45247">100.0%</span></p></div><div><div id="pp-id-8355"><div id="pp-id-7445"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7736"><div id="pp-id-5067"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5636"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6205"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6774"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45493 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45493 l45550">(Chengdu) </span><span class="pp-class-182 pa t45493 l45985 ls86">Co., </span><span class="pp-class-182 pa t45493 l45986 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45247">100.0%</span></p></div><div><div id="pp-id-8357"><div id="pp-id-7446"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7737"><div id="pp-id-5068"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5637"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6206"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6775"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45430 l45306">Jinbei </span><span class="pp-class-182 pa t45430 l45987 ls239">Logistics </span><span class="pp-class-182 pa t45430 l45988 ls205">(Shenyang) </span><span class="pp-class-182 pa t45989 l3 ls1849">Co. </span><span class="pp-class-182 pa t45989 l45976 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l45304">50.0%</span></p></div><div><div id="pp-id-8358"><div id="pp-id-7447"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7738"><div id="pp-id-5069"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5638"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6207"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6776"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45906 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45906 l45550 ls1683">(Kunshan) </span><span class="pp-class-182 pa t45906 l45990 ls86">Co., </span><span class="pp-class-182 pa t45906 l45991 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l45247">100.0%</span></p></div><div><div id="pp-id-8359"><div id="pp-id-7448"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7739"><div id="pp-id-5070"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5639"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6208"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6777"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45437 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45437 l45550">(Jiaxing) </span><span class="pp-class-182 pa t45437 l34819 ls86">Co., </span><span class="pp-class-182 pa t45437 l45992 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45247">100.0%</span></p></div><div><div id="pp-id-8360"><div id="pp-id-7449"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7740"><div id="pp-id-5071"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5640"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6209"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6778"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3">DSV </span><span class="pp-class-182 pa t45438 l7682 ls107">Road </span><span class="pp-class-182 pa t45438 l45253 ls86">Co., </span><span class="pp-class-182 pa t45438 l45993 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45954">China</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45440 l45306 ls45994">(H.K.) </span><span class="pp-class-182 pa t45440 l7685 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45995">Hong </span><span class="pp-class-182 pa t45440 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l3">DSV </span><span class="pp-class-182 pa t45441 l7682">Air </span><span class="pp-class-182 pa t45441 l45249">&amp; </span><span class="pp-class-182 pa t45441 l45250 ls226">Sea </span><span class="pp-class-182 pa t45441 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45995">Hong </span><span class="pp-class-182 pa t45441 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45441 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l3 ls1129">Pantainer </span><span class="pp-class-182 pa t45446 l45997 ls45994">(H.K.) </span><span class="pp-class-182 pa t45446 l45998 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45995">Hong </span><span class="pp-class-182 pa t45446 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45446 l45247">100.0%</span></p></div><div><div id="pp-id-8364"><div id="pp-id-7140"><div class="pp-class-189" id="pp-id-5075"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5644"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6213"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6782"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l3 ls3593">Agility </span><span class="pp-class-182 pa t45448 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45448 l45540 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l45995">Hong </span><span class="pp-class-182 pa t45448 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45448 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45450 l45306 ls149">International </span><span class="pp-class-182 pa t45450 l45861">(HK) </span><span class="pp-class-182 pa t45450 l9739 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45995">Hong </span><span class="pp-class-182 pa t45450 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45247">100.0%</span></p></div><div><div id="pp-id-8366"><div id="pp-id-4677"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7017"><div class="pp-class-189" id="pp-id-5077"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5646"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6215"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6784"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l3">DSV </span><span class="pp-class-182 pa t45452 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45452 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45452 l45259 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45995">Hong </span><span class="pp-class-182 pa t45452 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45247">100.0%</span></p></div><div><div id="pp-id-8091"><div id="pp-id-7452"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7743"><div id="pp-id-5078"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5647"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6216"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6785"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l3">DSV </span><span class="pp-class-182 pa t45453 l7682">Air </span><span class="pp-class-182 pa t45453 l45249">&amp; </span><span class="pp-class-182 pa t45453 l45250 ls226">Sea </span><span class="pp-class-182 pa t45453 l45251">(HK) </span><span class="pp-class-182 pa t45453 l45999 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45995">Hong </span><span class="pp-class-182 pa t45453 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45247">100.0%</span></p></div><div><div id="pp-id-8367"><div id="pp-id-7141"><div class="pp-class-189" id="pp-id-5079"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5648"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6217"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6786"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45457 l45261">China </span><span class="pp-class-182 pa t45457 l46000 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45995">Hong </span><span class="pp-class-182 pa t45457 l45996 ls1822">Kong</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45247">100.0%</span></p></div><div><div id="pp-id-8094"><div id="pp-id-7453"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7744"><div id="pp-id-5080"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5649"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6218"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6787"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l3">DSV </span><span class="pp-class-182 pa t45459 l7682">Global </span><span class="pp-class-182 pa t45459 l45567 ls394">Business </span><span class="pp-class-182 pa t45459 l45568 ls3185">Services </span><span class="pp-class-182 pa t45459 l45569 ls1444">Private </span><span class="pp-class-182 pa t45512 l3 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l45247">100.0%</span></p></div><div><div id="pp-id-8368"><div id="pp-id-7454"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7745"><div id="pp-id-5081"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5650"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6219"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6788"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3">DSV </span><span class="pp-class-182 pa t45514 l7682">Air </span><span class="pp-class-182 pa t45514 l45249">&amp; </span><span class="pp-class-182 pa t45514 l45250 ls226">Sea </span><span class="pp-class-182 pa t45514 l45251 ls46002">Pvt. </span><span class="pp-class-182 pa t45514 l41033 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45247">100.0%</span></p></div><div><div id="pp-id-8369"><div id="pp-id-7889"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7925"><div class="pp-class-189" id="pp-id-5082"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5651"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6220"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6789"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3">DSV </span><span class="pp-class-182 pa t45516 l7682">Air </span><span class="pp-class-182 pa t45516 l45249">&amp; </span><span class="pp-class-182 pa t45516 l45250 ls226">Sea </span><span class="pp-class-182 pa t45516 l45251 ls149">International </span><span class="pp-class-182 pa t46003 l3 ls1444">Private </span><span class="pp-class-182 pa t46003 l46004 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45247">100.0%</span></p></div><div><div id="pp-id-8370"><div id="pp-id-7142"><div class="pp-class-189" id="pp-id-5083"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5652"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6221"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6790"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l3">SCHENKER </span><span class="pp-class-182 pa t46005 l45255">INDIA </span><span class="pp-class-182 pa t46005 l46006 ls91">PRIVATE </span><span class="pp-class-182 pa t46005 l46007">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l45247">100.0%</span></p></div><div><div id="pp-id-8371"><div id="pp-id-4678"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7018"><div class="pp-class-189" id="pp-id-5084"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5653"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6222"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6791"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l3">DSV </span><span class="pp-class-182 pa t46008 l7682 ls143">Coload </span><span class="pp-class-182 pa t46008 l46009">&amp; </span><span class="pp-class-182 pa t46008 l46010 ls1418">Clearance </span><span class="pp-class-182 pa t46008 l46011 ls46002">Pvt. </span><span class="pp-class-182 pa t46008 l46012 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l45247">100.0%</span></p></div><div><div id="pp-id-8372"><div id="pp-id-7890"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7926"><div class="pp-class-189" id="pp-id-5085"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5654"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6223"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6792"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45972 l3">DSV </span><span class="pp-class-182 pa t45972 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45972 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45972 l45259 ls1444">Private </span><span class="pp-class-182 pa t45972 l46013 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45972 l46001">India</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45972 l45247">100.0%</span></p></div><div><div id="pp-id-8373"><div id="pp-id-7891"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7927"><div id="pp-id-5086"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5655"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6224"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6793"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l3 ls4135">PT. </span><span class="pp-class-182 pa t45975 l46014">DSV </span><span class="pp-class-182 pa t45975 l46015 ls6801">Transport </span><span class="pp-class-182 pa t45975 l46016">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45975 l45247">100.0%</span></p></div><div><div id="pp-id-8374"><div id="pp-id-7143"><div class="pp-class-189" id="pp-id-5087"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5656"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6225"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6794"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46018 l3">PT </span><span class="pp-class-182 pa t46018 l46019">GIL </span><span class="pp-class-182 pa t46018 l46020">Solusi </span><span class="pp-class-182 pa t46018 l46021">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46018 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46018 l45247">100.0%</span></p></div><div><div id="pp-id-8375"><div id="pp-id-7892"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7928"><div class="pp-class-189" id="pp-id-5088"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5657"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6226"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6795"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8386" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46022 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">PT </span><span class="pp-class-182 pa t45198 l46019">DSV </span><span class="pp-class-182 pa t45198 l46023 ls1378">Contract </span><span class="pp-class-182 pa t45198 l46024 ls239">Logistics </span><span class="pp-class-182 pa t45198 l46025 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7228"><div id="pp-id-7144"><div class="pp-class-189" id="pp-id-5090"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5659"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6228"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6797"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7852"><div id="pp-id-7455"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7746"><div id="pp-id-5095"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5664"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6233"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6802"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8333"><div id="pp-id-7893"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7929"><div class="pp-class-189" id="pp-id-5089"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5658"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6227"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6796"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8020"><div id="pp-id-7459"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7750"><div id="pp-id-5105"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5674"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6243"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6812"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">PT </span><span class="pp-class-182 pa t45292 l46019 ls143">Synergy </span><span class="pp-class-182 pa t45292 l46026">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls4135">PT. </span><span class="pp-class-182 pa t45294 l46014 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l46027 ls239">Logistics </span><span class="pp-class-182 pa t45294 l46028">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46017">Indonesia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-8110"><div id="pp-id-4679"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7019"><div class="pp-class-189" id="pp-id-5091"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5660"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6229"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6798"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682">Air </span><span class="pp-class-182 pa t45295 l45249">&amp; </span><span class="pp-class-182 pa t45295 l45250 ls226">Sea </span><span class="pp-class-182 pa t45295 l45251">Japan </span><span class="pp-class-182 pa t45295 l46029">GK</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l46030">Japan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-8169"><div id="pp-id-7145"><div class="pp-class-189" id="pp-id-5092"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5661"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6230"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6799"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682">Air </span><span class="pp-class-182 pa t45297 l45249">&amp; </span><span class="pp-class-182 pa t45297 l45250 ls226">Sea </span><span class="pp-class-182 pa t45297 l45251 ls86">Co., </span><span class="pp-class-182 pa t45297 l45647 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l46030">Japan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-8265"><div id="pp-id-7146"><div class="pp-class-189" id="pp-id-5093"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5662"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6231"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6800"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls826">Schenker-Seino </span><span class="pp-class-182 pa t45300 l41030 ls1849">Co. </span><span class="pp-class-182 pa t45300 l46031 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l46030">Japan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45304">60.0%</span></p></div><div><div id="pp-id-8376"><div id="pp-id-7894"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7930"><div class="pp-class-189" id="pp-id-5094"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5663"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6232"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6801"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">DSV </span><span class="pp-class-182 pa t45301 l7682">Solutions </span><span class="pp-class-182 pa t45301 l45351 ls86">Co., </span><span class="pp-class-182 pa t45301 l46032 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l46030">Japan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3">DSV </span><span class="pp-class-182 pa t45305 l7682">Air </span><span class="pp-class-182 pa t45305 l45249">&amp; </span><span class="pp-class-182 pa t45305 l45250 ls226">Sea </span><span class="pp-class-182 pa t45305 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l46030 ls129">Korea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><div id="pp-id-8248"><div id="pp-id-7147"><div class="pp-class-189" id="pp-id-5096"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5665"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6234"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6803"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">DSV </span><span class="pp-class-182 pa t45307 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45307 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45307 l45259 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l46030 ls129">Korea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-8251"><div id="pp-id-7456"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7747"><div id="pp-id-5097"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5666"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6235"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6804"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3 ls2986">Schenker </span><span class="pp-class-182 pa t45366 l45620 ls1236">Korea </span><span class="pp-class-182 pa t45366 l46033 ls28776">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l46030 ls129">Korea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45247">100.0%</span></p></div><div><div id="pp-id-8377"><div id="pp-id-4680"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7020"><div class="pp-class-189" id="pp-id-5098"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5667"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6236"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6805"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l3">DSV </span><span class="pp-class-182 pa t45368 l7682">Air </span><span class="pp-class-182 pa t45368 l45249">&amp; </span><span class="pp-class-182 pa t45368 l45250 ls226">Sea </span><span class="pp-class-182 pa t45368 l45251 ls149">International </span><span class="pp-class-182 pa t45368 l45395 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l46030 ls129">Korea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45368 l45247">100.0%</span></p></div><div><div id="pp-id-8253"><div id="pp-id-7148"><div class="pp-class-189" id="pp-id-5099"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5668"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6237"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6806"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l3">DSV </span><span class="pp-class-182 pa t45369 l7682">Air </span><span class="pp-class-182 pa t45369 l45249">and </span><span class="pp-class-182 pa t45369 l46034 ls226">Sea </span><span class="pp-class-182 pa t45369 l46035">(Lao) </span><span class="pp-class-182 pa t45369 l46036">Sole </span><span class="pp-class-182 pa t45369 l46037 ls86">Co., </span><span class="pp-class-182 pa t45369 l46038 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l46039">Laos</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45369 l45247">100.0%</span></p></div><div><div id="pp-id-8255"><div id="pp-id-7149"><div class="pp-class-189" id="pp-id-5100"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5669"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6238"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6807"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l3">DSV </span><span class="pp-class-182 pa t45371 l7682">Air </span><span class="pp-class-182 pa t45371 l45249">and </span><span class="pp-class-182 pa t45371 l46034 ls226">Sea </span><span class="pp-class-182 pa t45371 l46035 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l46040 ls154">Macao</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45371 l45247">100.0%</span></p></div><div><div id="pp-id-8378"><div id="pp-id-7150"><div class="pp-class-189" id="pp-id-5101"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5670"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6239"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6808"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l3">DSV </span><span class="pp-class-182 pa t45373 l7682">Air </span><span class="pp-class-182 pa t45373 l45249">&amp; </span><span class="pp-class-182 pa t45373 l45250 ls226">Sea </span><span class="pp-class-182 pa t45373 l45251">Sdn. </span><span class="pp-class-182 pa t45373 l46041">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45373 l45247">100.0%</span></p></div><div><div id="pp-id-8379"><div id="pp-id-7151"><div class="pp-class-189" id="pp-id-5102"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5671"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6240"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6809"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l3 ls57">Litvest </span><span class="pp-class-182 pa t45374 l46043 ls117">Corporation </span><span class="pp-class-182 pa t45374 l46044">Sdn </span><span class="pp-class-182 pa t45374 l46045">Bhd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45374 l45247">100.0%</span></p></div><div><div id="pp-id-8012"><div id="pp-id-7457"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7748"><div id="pp-id-5103"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5672"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6241"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6810"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l3">DSV </span><span class="pp-class-182 pa t45377 l7682">Solutions </span><span class="pp-class-182 pa t45377 l45351">(DC) </span><span class="pp-class-182 pa t45377 l46046">Sdn. </span><span class="pp-class-182 pa t45377 l46047">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45377 l45247">100.0%</span></p></div><div><div id="pp-id-8015"><div id="pp-id-7458"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7749"><div id="pp-id-5104"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5673"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6242"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6811"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l3">DSV </span><span class="pp-class-182 pa t45379 l7682 ls1418">Shared </span><span class="pp-class-182 pa t45379 l46048 ls3185">Services </span><span class="pp-class-182 pa t45379 l46049 ls4172">Asia </span><span class="pp-class-182 pa t45379 l46050">Sdn </span><span class="pp-class-182 pa t45379 l46051">Bhd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45379 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l3 ls6357">DSV </span><span class="pp-class-182 pa t45382 l45240 ls6394">Solutions </span><span class="pp-class-182 pa t45382 l46052 ls1498">(Management) </span><span class="pp-class-182 pa t45382 l46053 ls1853">Sdn. </span><span class="pp-class-182 pa t45382 l46054 ls2500">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45382 l45247">100.0%</span></p></div><div><div id="pp-id-8025"><div id="pp-id-7460"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7751"><div id="pp-id-5106"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5675"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6244"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6813"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45385 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45385 l45550 ls63">(Malaysia) </span><span class="pp-class-182 pa t45385 l46055">Sdn </span><span class="pp-class-182 pa t45385 l46056">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45385 l45247">100.0%</span></p></div><div><div id="pp-id-8380"><div id="pp-id-4681"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7021"><div class="pp-class-189" id="pp-id-5107"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5676"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6245"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6814"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l3">DSV </span><span class="pp-class-182 pa t45389 l7682 ls239">Logistics </span><span class="pp-class-182 pa t45389 l45296">Sdn. </span><span class="pp-class-182 pa t45389 l46032">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45389 l45247">100.0%</span></p></div><div><div id="pp-id-8381"><div id="pp-id-7895"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7931"><div class="pp-class-189" id="pp-id-5108"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5677"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6246"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6815"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l3">DSV </span><span class="pp-class-182 pa t45390 l7682 ls2261">STATIONARY </span><span class="pp-class-182 pa t45390 l46057">SDN. </span><span class="pp-class-182 pa t45390 l46058 ls1822">BHD.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45390 l45247">100.0%</span></p></div><div><div id="pp-id-8187"><div id="pp-id-7461"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7752"><div id="pp-id-5109"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5678"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6247"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6816"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l3 ls2289">Panalpina </span><span class="pp-class-182 pa t45392 l46059 ls1985">Transport </span><span class="pp-class-182 pa t45392 l20236 ls1855">(Malaysia) </span><span class="pp-class-182 pa t45392 l46060 ls2313">Sdn. </span><span class="pp-class-182 pa t45392 l46061 ls2380">Bhd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45392 l45247">100.0%</span></p></div><div><div id="pp-id-8033"><div id="pp-id-7152"><div class="pp-class-189" id="pp-id-5110"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5679"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6248"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6817"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l3">DSV </span><span class="pp-class-182 pa t45396 l7682 ls48">Inventory </span><span class="pp-class-182 pa t45396 l45498 ls205">Management </span><span class="pp-class-182 pa t45339 l3">Solutions </span><span class="pp-class-182 pa t45339 l45911">Sdn. </span><span class="pp-class-182 pa t45339 l46062 ls1822">BHD.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l46042 ls57">Malaysia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45396 l45247">100.0%</span></p></div><div><div id="pp-id-8037"><div id="pp-id-7462"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7753"><div id="pp-id-5111"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5680"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6249"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6818"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l3">DSV </span><span class="pp-class-182 pa t45341 l7682">Air </span><span class="pp-class-182 pa t45341 l45249">&amp; </span><span class="pp-class-182 pa t45341 l45250 ls226">Sea </span><span class="pp-class-182 pa t45341 l45251 ls86">(Myanmar) </span><span class="pp-class-182 pa t45341 l46063 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l46064 ls704">Myanmar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45341 l45247">100.0%</span></p></div><div><div id="pp-id-8382"><div id="pp-id-4682"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7022"><div class="pp-class-189" id="pp-id-5112"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5681"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6250"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6819"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45342 l45614 ls17094">Myanmar </span><span class="pp-class-182 pa t45342 l46065 ls115">Co., </span><span class="pp-class-182 pa t45342 l46066 ls2313">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l46064 ls704">Myanmar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45342 l45247">100.0%</span></p></div><div><div id="pp-id-8237"><div id="pp-id-4683"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7023"><div class="pp-class-189" id="pp-id-5113"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5682"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6251"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6820"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l3 ls6357">DSV </span><span class="pp-class-182 pa t45345 l45240 ls2500">Air </span><span class="pp-class-182 pa t45345 l45798 ls2236">&amp; </span><span class="pp-class-182 pa t45345 l45799 ls228">Sea </span><span class="pp-class-182 pa t45345 l45800 ls23013">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l46067">New </span><span class="pp-class-182 pa t45345 l46068 ls164">Zealand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45345 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8383"><div id="pp-id-7896"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7932"><div class="pp-class-189" id="pp-id-5114"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5683"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6252"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6821"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45348 l45306">(NZ) </span><span class="pp-class-182 pa t45348 l46069 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l46067">New </span><span class="pp-class-182 pa t45348 l46068 ls164">Zealand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45348 l45247">100.0%</span></p></div><div><div id="pp-id-8049"><div id="pp-id-4684"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7024"><div class="pp-class-189" id="pp-id-5115"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5684"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6253"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6822"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l3">DSV </span><span class="pp-class-182 pa t45350 l7682">Air </span><span class="pp-class-182 pa t45350 l45249">and </span><span class="pp-class-182 pa t45350 l46034 ls226">Sea </span><span class="pp-class-182 pa t45350 l46035 ls2432">Pakistan </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46070 l3 ls3342">(SMC-Private) </span><span class="pp-class-182 pa t46070 l46071 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l46072 ls921">Pakistan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45350 l45247">100.0%</span></p></div><div><div id="pp-id-8384"><div id="pp-id-7153"><div class="pp-class-189" id="pp-id-5116"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5685"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6254"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6823"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46073 l3">DSV </span><span class="pp-class-182 pa t46073 l7682 ls59">SOLUTIONS </span><span class="pp-class-182 pa t46073 l46074 ls7139">(PRIVATE) </span><span class="pp-class-182 pa t46073 l46075">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46073 l46072 ls921">Pakistan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46073 l45247">100.0%</span></p></div><div><div id="pp-id-8385"><div id="pp-id-7463"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7754"><div id="pp-id-5117"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5686"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6255"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6824"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8396" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46022 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682">Air </span><span class="pp-class-182 pa t45198 l45249">&amp; </span><span class="pp-class-182 pa t45198 l45250 ls226">Sea </span><span class="pp-class-182 pa t45198 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46076 ls1021">Papua </span><span class="pp-class-182 pa t45198 l46077">New </span><span class="pp-class-182 pa t45198 l46078 ls239">Guinea</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8067"><div id="pp-id-7154"><div class="pp-class-189" id="pp-id-5118"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5687"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6256"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6825"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8389"><div id="pp-id-7470"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7761"><div id="pp-id-5131"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5700"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6269"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6838"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8215"><div id="pp-id-7466"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7757"><div id="pp-id-5126"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5695"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6264"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6833"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8213"><div id="pp-id-4685"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7025"><div class="pp-class-189" id="pp-id-5125"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5694"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6263"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6832"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7989"><div id="pp-id-7464"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7755"><div id="pp-id-5119"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5688"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6257"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6826"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8392"><div id="pp-id-7473"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7764"><div id="pp-id-5134"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5703"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6272"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6841"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8163"><div id="pp-id-7478"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7769"><div class="pp-class-189" id="pp-id-5143"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5712"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6281"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6850"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Global </span><span class="pp-class-182 pa t45292 l45567 ls394">Business </span><span class="pp-class-182 pa t45292 l45568 ls3185">Services </span><span class="pp-class-182 pa t45292 l45569 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls455">Manila </span><span class="pp-class-182 pa t45294 l46080 ls977">Administrative </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l3 ls564">Competence </span><span class="pp-class-182 pa t45487 l46081 ls218">Center </span><span class="pp-class-182 pa t45487 l46082 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-7825"><div id="pp-id-7465"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7756"><div id="pp-id-5120"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5689"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6258"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6827"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682">Air </span><span class="pp-class-182 pa t45490 l45249">&amp; </span><span class="pp-class-182 pa t45490 l45250 ls226">Sea </span><span class="pp-class-182 pa t45490 l45251 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45247">100.0%</span></p></div><div><div id="pp-id-8207"><div id="pp-id-7155"><div class="pp-class-189" id="pp-id-5121"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5690"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6259"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6828"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3">GIL </span><span class="pp-class-182 pa t45422 l45522">Holding </span><span class="pp-class-182 pa t45422 l46083 ls75">Co </span><span class="pp-class-182 pa t45422 l46084 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45247">100.0%</span></p></div><div><div id="pp-id-8119"><div id="pp-id-7156"><div class="pp-class-189" id="pp-id-5122"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5691"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6260"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6829"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3">GIL </span><span class="pp-class-182 pa t45424 l45522 ls239">Logistics </span><span class="pp-class-182 pa t45424 l46085">Holding </span><span class="pp-class-182 pa t45424 l46086 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45247">100.0%</span></p></div><div><div id="pp-id-8122"><div id="pp-id-7157"><div class="pp-class-189" id="pp-id-5123"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5692"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6261"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6830"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3">GIL </span><span class="pp-class-182 pa t45427 l45522 ls149">International </span><span class="pp-class-182 pa t45427 l46087 ls239">Logistics </span><span class="pp-class-182 pa t45427 l46088 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><div id="pp-id-8310"><div id="pp-id-7158"><div class="pp-class-189" id="pp-id-5124"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5693"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6262"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6831"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45597 l45306">Philippines, </span><span class="pp-class-182 pa t45597 l46089 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l3">DSV </span><span class="pp-class-182 pa t45310 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45310 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45310 l45259 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45312 l45261 ls1866">World </span><span class="pp-class-182 pa t45312 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45844 l3">(Philippines) </span><span class="pp-class-182 pa t45844 l46090 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l45247">100.0%</span></p></div><div><div id="pp-id-7862"><div id="pp-id-7159"><div class="pp-class-189" id="pp-id-5127"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5696"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6265"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6834"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l3">DSV </span><span class="pp-class-182 pa t45846 l7682">Global </span><span class="pp-class-182 pa t45846 l45567">Solutions </span><span class="pp-class-182 pa t45846 l46091 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l45247">100.0%</span></p></div><div><div id="pp-id-8316"><div id="pp-id-7467"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7758"><div id="pp-id-5128"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5697"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6266"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6835"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l3">GIL </span><span class="pp-class-182 pa t46092 l45522 ls239">Logistics </span><span class="pp-class-182 pa t46092 l46085 ls455">Distribution </span><span class="pp-class-182 pa t46092 l14801 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l45247">100.0%</span></p></div><div><div id="pp-id-8387"><div id="pp-id-7468"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7759"><div id="pp-id-5129"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5698"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6267"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6836"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46093 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46093 l45550 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l45247">100.0%</span></p></div><div><div id="pp-id-8388"><div id="pp-id-7469"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7760"><div id="pp-id-5130"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5699"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6268"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6837"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46094 l45306 ls455">Distribution </span><span class="pp-class-182 pa t46094 l46095">Solutions, </span><span class="pp-class-182 pa t46094 l46096 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45952 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45952 l45306">Philippines </span><span class="pp-class-182 pa t45952 l46097">(Subic) </span><span class="pp-class-182 pa t45952 l46098 ls3305">Inc.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45952 l46079">Philippines</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45952 l45247">100.0%</span></p></div><div><div id="pp-id-8390"><div id="pp-id-7471"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7762"><div id="pp-id-5132"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5701"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6270"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6839"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l3 ls3593">Agility </span><span class="pp-class-182 pa t45955 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45955 l45540">Holdings </span><span class="pp-class-182 pa t45955 l46099 ls2471">Pte </span><span class="pp-class-182 pa t45955 l46100 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45955 l45247">100.0%</span></p></div><div><div id="pp-id-8391"><div id="pp-id-7472"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7763"><div id="pp-id-5133"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5702"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6271"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6840"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l3 ls3593">Agility </span><span class="pp-class-182 pa t45956 l45539 ls239">Logistics </span><span class="pp-class-182 pa t45956 l45540">Holdings </span><span class="pp-class-182 pa t45956 l46099">(S) </span><span class="pp-class-182 pa t45956 l46102 ls63">Pte. </span><span class="pp-class-182 pa t45956 l46103 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l3">DSV </span><span class="pp-class-182 pa t45958 l7682 ls59">Singapore </span><span class="pp-class-182 pa t45958 l46104 ls6634">Real </span><span class="pp-class-182 pa t45958 l46105 ls2432">Estate </span><span class="pp-class-182 pa t45958 l46106">Holding </span><span class="pp-class-182 pa t45457 l3 ls63">Pte. </span><span class="pp-class-182 pa t45457 l46107 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45958 l45247">100.0%</span></p></div><div><div id="pp-id-8350"><div id="pp-id-7474"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7765"><div id="pp-id-5135"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5704"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6273"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6842"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45459 l45306 ls16227">(Asia </span><span class="pp-class-182 pa t45459 l46108 ls3782">Pacific) </span><span class="pp-class-182 pa t45459 l46109 ls63">Pte. </span><span class="pp-class-182 pa t45459 l46110 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45459 l45247">100.0%</span></p></div><div><div id="pp-id-8096"><div id="pp-id-7897"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7933"><div class="pp-class-189" id="pp-id-5136"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5705"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6274"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div class="pp-class-189" id="pp-id-6843"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45463 l45306">Global </span><span class="pp-class-182 pa t45463 l45428 ls205">Management </span><span class="pp-class-182 pa t45463 l45429">&amp; </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3 ls3185">Services </span><span class="pp-class-182 pa t45514 l45431 ls4146">PTE. </span><span class="pp-class-182 pa t45514 l46111 ls8659">LTD.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45463 l45247">100.0%</span></p></div><div><div id="pp-id-8098"><div id="pp-id-7475"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7766"><div id="pp-id-5137"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5706"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6275"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6844"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l3 ls3593">Agility </span><span class="pp-class-182 pa t45516 l45539 ls149">International </span><span class="pp-class-182 pa t45516 l46112 ls239">Logistics </span><span class="pp-class-182 pa t45516 l45541 ls63">Pte. </span><span class="pp-class-182 pa t45516 l28400 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45516 l45247">100.0%</span></p></div><div><div id="pp-id-8393"><div id="pp-id-7898"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7934"><div class="pp-class-189" id="pp-id-5138"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5707"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6276"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6845"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l3">China </span><span class="pp-class-182 pa t45518 l46113">Baisui </span><span class="pp-class-182 pa t45518 l46114 ls239">Logistics </span><span class="pp-class-182 pa t45518 l46115 ls2471">Pte </span><span class="pp-class-182 pa t45518 l46116 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45518 l45247">100.0%</span></p></div><div><div id="pp-id-8154"><div id="pp-id-7476"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7767"><div id="pp-id-5139"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5708"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6277"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6846"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45519 l45306 ls59">Singapore </span><span class="pp-class-182 pa t45519 l46117">(PTE) </span><span class="pp-class-182 pa t45519 l46118 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45519 l45247">100.0%</span></p></div><div><div id="pp-id-8394"><div id="pp-id-4686"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7026"><div class="pp-class-189" id="pp-id-5140"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5709"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6278"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6847"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l3">The </span><span class="pp-class-182 pa t45521 l46119 ls4384">Great </span><span class="pp-class-182 pa t45521 l46120 ls946">Ocean </span><span class="pp-class-182 pa t45521 l46121">Line </span><span class="pp-class-182 pa t45521 l46122 ls63">Pte. </span><span class="pp-class-182 pa t45521 l10097 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45521 l45247">100.0%</span></p></div><div><div id="pp-id-8159"><div id="pp-id-7160"><div class="pp-class-189" id="pp-id-5141"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5710"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6279"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6848"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l3">DSV </span><span class="pp-class-182 pa t45525 l7682">Solutions </span><span class="pp-class-182 pa t45525 l45351 ls2471">Pte </span><span class="pp-class-182 pa t45525 l46123 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45525 l45247">100.0%</span></p></div><div><div id="pp-id-8161"><div id="pp-id-7477"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7768"><div id="pp-id-5142"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5711"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6280"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6849"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l3">DSV </span><span class="pp-class-182 pa t45527 l7682">Air </span><span class="pp-class-182 pa t45527 l45249">&amp; </span><span class="pp-class-182 pa t45527 l45250 ls226">Sea </span><span class="pp-class-182 pa t45527 l45251 ls59">Singapore </span><span class="pp-class-182 pa t45527 l46124 ls63">Pte. </span><span class="pp-class-182 pa t45527 l46125 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45527 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l3">DSV </span><span class="pp-class-182 pa t45530 l7682 ls48">Inventory </span><span class="pp-class-182 pa t45530 l45498 ls205">Management </span><span class="pp-class-182 pa t46126 l3">Solutions </span><span class="pp-class-182 pa t46126 l45911 ls63">Pte. </span><span class="pp-class-182 pa t46126 l46127 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l46101 ls946">Singapore</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45530 l45247">100.0%</span></p></div><div><div id="pp-id-8395"><div id="pp-id-7479"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7770"><div id="pp-id-5144"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5713"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6282"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6851"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8415" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls1122">Pership </span><span class="pp-class-182 pa t45198 l46128 ls66">(Private) </span><span class="pp-class-182 pa t45198 l46129 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46130">Sri </span><span class="pp-class-182 pa t45198 l46131 ls158">Lanka</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45304">40.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8068"><div id="pp-id-7161"><div class="pp-class-189" id="pp-id-5145"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5714"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6283"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6852"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7840"><div id="pp-id-7480"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7771"><div id="pp-id-5149"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5718"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6287"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6856"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8404"><div id="pp-id-7483"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7774"><div id="pp-id-5159"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5728"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6297"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6866"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8111"><div id="pp-id-4687"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7027"><div class="pp-class-189" id="pp-id-5147"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5716"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6285"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6854"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7847"><div id="pp-id-7481"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7772"><div id="pp-id-5150"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5719"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6288"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6857"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls86">Co., </span><span class="pp-class-182 pa t45292 l45647 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46132 ls1236">Taiwan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45247">100.0%</span></p></div><div><div id="pp-id-7229"><div id="pp-id-7162"><div class="pp-class-189" id="pp-id-5146"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5715"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6284"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6853"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls45994">(H.K.) </span><span class="pp-class-182 pa t45294 l7685 ls704">Limited </span><span class="pp-class-182 pa t45294 l46133 ls24745">Taiwan </span><span class="pp-class-182 pa t45294 l46134 ls147">Branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46132 ls1236">Taiwan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682">Air </span><span class="pp-class-182 pa t45295 l45249">&amp; </span><span class="pp-class-182 pa t45295 l45250 ls226">Sea </span><span class="pp-class-182 pa t45295 l45251 ls7955">(Taiwan) </span><span class="pp-class-182 pa t45295 l46135 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l46132 ls1236">Taiwan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45247">100.0%</span></p></div><div><div id="pp-id-8170"><div id="pp-id-7163"><div class="pp-class-189" id="pp-id-5148"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5717"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6286"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6855"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45297 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45297 l45259 ls86">Co., </span><span class="pp-class-182 pa t45297 l45968 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l46132 ls1236">Taiwan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45300 l45261 ls239">Asia-Pacific </span><span class="pp-class-182 pa t45300 l46136 ls3185">Services </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3 ls4267">(Thailand) </span><span class="pp-class-182 pa t45424 l46137 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3 ls1122">Supreme </span><span class="pp-class-182 pa t45427 l46139">Eliga </span><span class="pp-class-182 pa t45427 l46140 ls1849">Co. </span><span class="pp-class-182 pa t45427 l45642 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45247">100.0%</span></p></div><div><div id="pp-id-8311"><div id="pp-id-7164"><div class="pp-class-189" id="pp-id-5151"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5720"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6289"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6858"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l3">GIL </span><span class="pp-class-182 pa t45597 l45522">Air </span><span class="pp-class-182 pa t45597 l46141">&amp; </span><span class="pp-class-182 pa t45597 l46142 ls226">Sea </span><span class="pp-class-182 pa t45597 l46143 ls4267">(Thailand) </span><span class="pp-class-182 pa t45597 l46144 ls86">Co., </span><span class="pp-class-182 pa t45597 l46145 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45597 l45247">100.0%</span></p></div><div><div id="pp-id-8397"><div id="pp-id-7165"><div class="pp-class-189" id="pp-id-5152"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5721"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6290"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6859"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l3 ls10010">Schenker </span><span class="pp-class-182 pa t45310 l45614 ls1528">(Thai) </span><span class="pp-class-182 pa t45310 l46146 ls2688">Holdings </span><span class="pp-class-182 pa t45310 l46147 ls2313">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45310 l45247">100.0%</span></p></div><div><div id="pp-id-8398"><div id="pp-id-7166"><div class="pp-class-189" id="pp-id-5153"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5722"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6291"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6860"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46148 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46148 l45306 ls1669">(Thai) </span><span class="pp-class-182 pa t46148 l46149 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46148 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46148 l45247">100.0%</span></p></div><div><div id="pp-id-8399"><div id="pp-id-4688"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7028"><div class="pp-class-189" id="pp-id-5154"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5723"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6292"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6861"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46150 l3">DSV </span><span class="pp-class-182 pa t46150 l7682">Solutions </span><span class="pp-class-182 pa t46150 l45351 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46150 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46150 l45247">100.0%</span></p></div><div><div id="pp-id-8400"><div id="pp-id-7482"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7773"><div id="pp-id-5155"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5724"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6293"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6862"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46151 l3">DSV </span><span class="pp-class-182 pa t46151 l7682">Holding </span><span class="pp-class-182 pa t46151 l45416 ls4267">(Thailand) </span><span class="pp-class-182 pa t46151 l13275 ls86">Co., </span><span class="pp-class-182 pa t46151 l46152 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46151 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46151 l45247">100.0%</span></p></div><div><div id="pp-id-8401"><div id="pp-id-7167"><div class="pp-class-189" id="pp-id-5156"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5725"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6294"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6863"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46153 l3 ls853">Panalpina </span><span class="pp-class-182 pa t46153 l45261 ls1866">World </span><span class="pp-class-182 pa t46153 l45275 ls6801">Transport </span><span class="pp-class-182 pa t46154 l3 ls4267">(Thailand) </span><span class="pp-class-182 pa t46154 l46137 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46153 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46153 l45247">100.0%</span></p></div><div><div id="pp-id-8402"><div id="pp-id-7168"><div class="pp-class-189" id="pp-id-5157"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5726"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6295"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6864"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46155 l3">DSV </span><span class="pp-class-182 pa t46155 l7682">Air </span><span class="pp-class-182 pa t46155 l45249">&amp; </span><span class="pp-class-182 pa t46155 l45250 ls226">Sea </span><span class="pp-class-182 pa t46155 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46155 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46155 l45247">100.0%</span></p></div><div><div id="pp-id-8403"><div id="pp-id-7169"><div class="pp-class-189" id="pp-id-5158"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5727"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6296"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6865"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46156 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46156 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46156 l45550 ls1669">(Thai) </span><span class="pp-class-182 pa t46156 l46157 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46156 l46138">Thailand</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46156 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46158 l3">DSV </span><span class="pp-class-182 pa t46158 l7682">Air </span><span class="pp-class-182 pa t46158 l45249">&amp; </span><span class="pp-class-182 pa t46158 l45250 ls226">Sea </span><span class="pp-class-182 pa t46158 l45251 ls1378">Company </span><span class="pp-class-182 pa t46158 l46159 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46158 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46158 l45247">100.0%</span></p></div><div><div id="pp-id-8405"><div id="pp-id-7170"><div class="pp-class-189" id="pp-id-5160"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5729"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6298"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6867"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46161 l3">DSV </span><span class="pp-class-182 pa t46161 l7682">Solutions </span><span class="pp-class-182 pa t46161 l45351 ls86">Co., </span><span class="pp-class-182 pa t46161 l46032 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46161 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46161 l45247">100.0%</span></p></div><div><div id="pp-id-8406"><div id="pp-id-7484"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7775"><div id="pp-id-5161"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5730"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6299"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6868"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46162 l3 ls3593">Agility </span><span class="pp-class-182 pa t46162 l45539 ls239">Logistics </span><span class="pp-class-182 pa t46162 l45540 ls1378">Vietnam </span><span class="pp-class-182 pa t46162 l46163">Joint </span><span class="pp-class-182 pa t46164 l3 ls2432">Stock </span><span class="pp-class-182 pa t46164 l46165 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46162 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46162 l45247">100.0%</span></p></div><div><div id="pp-id-8407"><div id="pp-id-7485"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7776"><div id="pp-id-5162"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5731"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6300"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6869"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46166 l3 ls3593">Agility </span><span class="pp-class-182 pa t46166 l45539 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46166 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46166 l45304">71.0%</span></p></div><div><div id="pp-id-8408"><div id="pp-id-7171"><div class="pp-class-189" id="pp-id-5163"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5732"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6301"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6870"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46167 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46167 l45306 ls1378">Vietnam </span><span class="pp-class-182 pa t46167 l46168 ls86">Co., </span><span class="pp-class-182 pa t46167 l21436 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46167 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46167 l45247">100.0%</span></p></div><div><div id="pp-id-8409"><div id="pp-id-4689"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7029"><div class="pp-class-189" id="pp-id-5164"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5733"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6302"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6871"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46169 l3">DSV </span><span class="pp-class-182 pa t46169 l7682">Air </span><span class="pp-class-182 pa t46169 l45249">&amp; </span><span class="pp-class-182 pa t46169 l45250 ls226">Sea </span><span class="pp-class-182 pa t46169 l45251 ls1378">Vietnam </span><span class="pp-class-182 pa t46169 l46170 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46169 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46169 l45247">100.0%</span></p></div><div><div id="pp-id-8410"><div id="pp-id-7172"><div class="pp-class-189" id="pp-id-5165"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5734"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6303"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6872"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46171 l3 ls48">Inventory </span><span class="pp-class-182 pa t46171 l46172 ls205">Management </span><span class="pp-class-182 pa t46171 l46173">Solutions </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46174 l3 ls1378">Vietnam </span><span class="pp-class-182 pa t46174 l46175 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46171 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46171 l45247">100.0%</span></p></div><div><div id="pp-id-8411"><div id="pp-id-7486"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7777"><div id="pp-id-5166"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5735"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6304"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6873"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46176 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46176 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46176 l45550 ls1378">Vietnam </span><span class="pp-class-182 pa t46176 l46177 ls86">Co., </span><span class="pp-class-182 pa t46176 l46178 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46176 l46160 ls143">Vietnam</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46176 l45247">100.0%</span></p></div><div><div id="pp-id-8412"><div id="pp-id-7487"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7778"><div id="pp-id-5167"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5736"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6305"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6874"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t46179 l3">Middle </span><span class="pp-class-184 pa t46179 l46180">East </span><span class="pp-class-184 pa t46179 l46181">&amp; </span><span class="pp-class-184 pa t46179 l46182 ls239">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46183 l3 ls3593">Agility </span><span class="pp-class-182 pa t46183 l45539 ls239">Logistics </span><span class="pp-class-182 pa t46183 l45540 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46183 l46184 ls2061">Afghanistan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46183 l45247">100.0%</span></p></div><div><div id="pp-id-8413"><div id="pp-id-7173"><div class="pp-class-189" id="pp-id-5168"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5737"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6306"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6875"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46185 l3 ls3593">Agility </span><span class="pp-class-182 pa t46185 l45539 ls239">Logistics </span><span class="pp-class-182 pa t46185 l45540">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46185 l46186">Algeria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46185 l45247">100.0%</span></p></div><div><div id="pp-id-8414"><div id="pp-id-7488"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7779"><div id="pp-id-5169"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5738"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6307"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6876"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8426" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46189 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls3238">Frans </span><span class="pp-class-182 pa t45198 l46190 ls158">Maas </span><span class="pp-class-182 pa t45198 l46191">Algerie </span><span class="pp-class-182 pa t45198 l46192 ls2870">S.a.r.l.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46186">Algeria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45247">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7230"><div id="pp-id-7174"><div class="pp-class-189" id="pp-id-5171"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5740"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6309"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6878"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7853"><div class="pp-class-189" id="pp-id-7490"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7781"><div class="pp-class-189" id="pp-id-5176"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5745"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6314"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6883"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8276"><div id="pp-id-7491"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7782"><div id="pp-id-5184"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5753"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6322"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6891"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7979"><div id="pp-id-7489"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7780"><div id="pp-id-5170"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5739"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6308"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6877"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7855"><div id="pp-id-4690"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7030"><div class="pp-class-189" id="pp-id-5177"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5746"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6315"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6884"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls6351">Transitarios </span><span class="pp-class-182 pa t45292 l46193">Angola, </span><span class="pp-class-182 pa t45292 l46194 ls45398">S.A.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46195">Angola</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45304">92.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">Global </span><span class="pp-class-182 pa t45294 l46196 ls2307">Integrated </span><span class="pp-class-182 pa t45294 l46197 ls239">Logistics </span><span class="pp-class-182 pa t45294 l46198 ls1528">Lda</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46195">Angola</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45247">100.0%</span></p></div><div><div id="pp-id-8305"><div id="pp-id-7175"><div class="pp-class-189" id="pp-id-5172"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5741"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6310"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6879"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45295 l45306">Angola, </span><span class="pp-class-182 pa t45295 l46199 ls86">Limitada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l46195">Angola</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45304">99.9%</span></p></div><div><div id="pp-id-8171"><div id="pp-id-7176"><div class="pp-class-189" id="pp-id-5173"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5742"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6311"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6880"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682">AIR </span><span class="pp-class-182 pa t45297 l46200">&amp; </span><span class="pp-class-182 pa t45297 l46201 ls4265">SEA </span><span class="pp-class-182 pa t45297 l46202 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l46203 ls2476">Bahrain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45247">100.0%</span></p></div><div><div id="pp-id-8266"><div id="pp-id-7177"><div class="pp-class-189" id="pp-id-5174"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5743"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6312"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6881"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45300 l45261 ls1122">Central </span><span class="pp-class-182 pa t45300 l45262 ls4172">Asia </span><span class="pp-class-182 pa t45300 l45263">EC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l46203 ls2476">Bahrain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45300 l45247">100.0%</span></p></div><div><div id="pp-id-8416"><div id="pp-id-7178"><div class="pp-class-189" id="pp-id-5175"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5744"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6313"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6882"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l3">Almoayed </span><span class="pp-class-182 pa t45301 l46204 ls1849">Schenker </span><span class="pp-class-182 pa t45301 l46205 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l46203 ls2476">Bahrain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45301 l45304">49.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l3 ls18641">DSV </span><span class="pp-class-182 pa t45305 l46206 ls6899">Solutions </span><span class="pp-class-182 pa t45305 l46207 ls13605">B.S.C </span><span class="pp-class-182 pa t45305 l46208 ls13605">Closed</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l46203 ls2476">Bahrain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45305 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l3">DSV </span><span class="pp-class-182 pa t45307 l7682">Air </span><span class="pp-class-182 pa t45307 l45249">&amp; </span><span class="pp-class-182 pa t45307 l45250 ls226">Sea </span><span class="pp-class-182 pa t45307 l45251 ls4088">(PTY) </span><span class="pp-class-182 pa t45307 l46209 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l46210 ls856">Botswana</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45307 l45247">100.0%</span></p></div><div><div id="pp-id-8173"><div id="pp-id-7179"><div class="pp-class-189" id="pp-id-5178"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5747"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6316"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6885"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45366 l45261 ls18249">Transports </span><span class="pp-class-182 pa t45366 l46211 ls394">Mondiaux </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45312 l3 ls234">Cameroun </span><span class="pp-class-182 pa t45312 l25344 ls46212">S.A.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l46213 ls187">Cameroon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45366 l45304">90.0%</span></p></div><div><div id="pp-id-7999"><div id="pp-id-7180"><div class="pp-class-189" id="pp-id-5179"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5748"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6317"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6886"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l3">DSV-UTI </span><span class="pp-class-182 pa t45314 l46214 ls2050">Egypt </span><span class="pp-class-182 pa t45314 l46215 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45314 l45247">100.0%</span></p></div><div><div id="pp-id-8417"><div id="pp-id-7899"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7935"><div class="pp-class-189" id="pp-id-5180"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5749"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6318"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6887"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45315 l45261 ls1866">World </span><span class="pp-class-182 pa t45315 l45275 ls6801">Transport </span><span class="pp-class-182 pa t45315 l45276 ls2050">Egypt </span><span class="pp-class-182 pa t45315 l46218 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45315 l45247">100.0%</span></p></div><div><div id="pp-id-8272"><div id="pp-id-7181"><div class="pp-class-189" id="pp-id-5181"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5750"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6319"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6888"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l3">GIL </span><span class="pp-class-182 pa t45316 l45522 ls2050">Egypt </span><span class="pp-class-182 pa t45316 l46219 ls704">Limited </span><span class="pp-class-182 pa t45316 l46220 ls457">Liability </span><span class="pp-class-182 pa t45316 l46221 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45316 l45247">100.0%</span></p></div><div><div id="pp-id-8418"><div id="pp-id-7182"><div class="pp-class-189" id="pp-id-5182"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5751"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6320"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6889"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45319 l45306 ls2050">Egypt </span><span class="pp-class-182 pa t45319 l46222 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45319 l45247">100.0%</span></p></div><div><div id="pp-id-8223"><div id="pp-id-4691"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7031"><div class="pp-class-189" id="pp-id-5183"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5752"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6321"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6890"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l3">DSV </span><span class="pp-class-182 pa t45322 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45322 l30584 ls1452">logistics </span><span class="pp-class-182 pa t45322 l46223 ls46224">S.A.E.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l46216 ls46217">Egypt</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45322 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l3">Global </span><span class="pp-class-182 pa t45325 l46196">Options </span><span class="pp-class-182 pa t45325 l46225 ls1740">Worldwide </span><span class="pp-class-182 pa t45325 l46226 ls3342">Express </span><span class="pp-class-182 pa t45955 l3 ls48">Investments </span><span class="pp-class-182 pa t45955 l46227 ls2959">(Pty) </span><span class="pp-class-182 pa t45955 l9840 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l46228 ls704">Eswatini</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45325 l45247">100.0%</span></p></div><div><div id="pp-id-7946"><div id="pp-id-7492"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7783"><div id="pp-id-5185"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5754"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6323"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6892"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l3">Al-Alb </span><span class="pp-class-182 pa t45956 l45539 ls1849">Co. </span><span class="pp-class-182 pa t45956 l46229 ls3681">for </span><span class="pp-class-182 pa t45956 l46230 ls826">General </span><span class="pp-class-182 pa t45956 l46231 ls2836">Transportation </span><span class="pp-class-182 pa t45453 l3 ls22815">(PLLC)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l46232 ls921">Iraq</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45956 l45247">100.0%</span></p></div><div><div id="pp-id-8348"><div id="pp-id-7183"><div class="pp-class-189" id="pp-id-5186"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5755"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6324"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6893"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l3 ls3593">Agility </span><span class="pp-class-182 pa t45457 l45539 ls4372">Kurdistan </span><span class="pp-class-182 pa t45457 l46233 ls1378">Company </span><span class="pp-class-182 pa t45457 l46234 ls3681">for </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l3 ls1761">Administration </span><span class="pp-class-182 pa t45510 l46235">of </span><span class="pp-class-182 pa t45510 l46236 ls5905">Warehouses </span><span class="pp-class-182 pa t45510 l46237">and </span><span class="pp-class-182 pa t46238 l3 ls1740">Facilitate </span><span class="pp-class-182 pa t46238 l14929 ls1674">Storage </span><span class="pp-class-182 pa t46238 l46239 ls22815">Process </span><span class="pp-class-182 pa t46238 l46240 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l46232 ls921">Iraq</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45457 l45304">67.5%</span></p></div><div><div id="pp-id-8419"><div id="pp-id-7184"><div class="pp-class-189" id="pp-id-5187"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5756"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6325"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6894"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46241 l3">The </span><span class="pp-class-182 pa t46241 l46119 ls1853">Warehousing </span><span class="pp-class-182 pa t46241 l46242 ls1378">Company </span><span class="pp-class-182 pa t46241 l46243 ls3681">for </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45874 l3 ls13515">Shipping, </span><span class="pp-class-182 pa t45874 l46244 ls117">Discharging </span><span class="pp-class-182 pa t45874 l46245">and </span><span class="pp-class-182 pa t45874 l46246 ls218">Custom </span><span class="pp-class-182 pa t46247 l3 ls1418">Clearance </span><span class="pp-class-182 pa t46247 l46248 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46241 l46232 ls921">Iraq</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46241 l45247">100.0%</span></p></div><div><div id="pp-id-8420"><div id="pp-id-7185"><div class="pp-class-189" id="pp-id-5188"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5757"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6326"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6895"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l3">DSV </span><span class="pp-class-182 pa t46249 l7682">Air </span><span class="pp-class-182 pa t46249 l45249">&amp; </span><span class="pp-class-182 pa t46249 l45250 ls226">Sea </span><span class="pp-class-182 pa t46249 l45251 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l45247">100.0%</span></p></div><div><div id="pp-id-8421"><div id="pp-id-7186"><div class="pp-class-189" id="pp-id-5189"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5758"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6327"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6896"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l3">DSV </span><span class="pp-class-182 pa t46251 l7682 ls455">Marine </span><span class="pp-class-182 pa t46251 l46252 ls1129">Insurance </span><span class="pp-class-182 pa t46251 l46253 ls4212">Agency </span><span class="pp-class-182 pa t46251 l46254 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l45247">100.0%</span></p></div><div><div id="pp-id-8422"><div id="pp-id-7187"><div class="pp-class-189" id="pp-id-5190"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5759"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6328"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6897"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l3">DSV </span><span class="pp-class-182 pa t46255 l7682">- </span><span class="pp-class-182 pa t46255 l46256 ls5508">E-COMMERCE </span><span class="pp-class-182 pa t46255 l46257 ls8659">LTD.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8423"><div id="pp-id-7188"><div class="pp-class-189" id="pp-id-5191"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5760"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6329"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6898"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l3">DSV </span><span class="pp-class-182 pa t46258 l7682">Solutions </span><span class="pp-class-182 pa t46258 l45351 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8424"><div id="pp-id-7493"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7784"><div id="pp-id-5192"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5761"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6330"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6899"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l3 ls11695">U.T.I.-Inventory </span><span class="pp-class-182 pa t46259 l23425 ls22815">Management </span><span class="pp-class-182 pa t46260 l3 ls6394">Solutions </span><span class="pp-class-182 pa t46260 l46261 ls1860">Limited </span><span class="pp-class-182 pa t46260 l46262 ls2046">partnership</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8425"><div id="pp-id-7494"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7785"><div id="pp-id-5193"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5762"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6331"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6900"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8444" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">UTI </span><span class="pp-class-182 pa t45198 l46263 ls226">IMS </span><span class="pp-class-182 pa t45198 l46264 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46250 ls147">Israel</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45796 ls2836">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7231"><div id="pp-id-7189"><div class="pp-class-189" id="pp-id-5195"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5764"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6333"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6902"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8443"><div class="pp-class-189" id="pp-id-7505"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7796"><div class="pp-class-189" id="pp-id-5216"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5785"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6354"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6923"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8433"><div id="pp-id-7500"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7791"><div id="pp-id-5206"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5775"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6344"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6913"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7980"><div id="pp-id-7495"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7786"><div id="pp-id-5194"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5763"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6332"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6901"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8434"><div id="pp-id-7501"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7792"><div id="pp-id-5207"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5776"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6345"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6914"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8429"><div id="pp-id-7900"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7936"><div class="pp-class-189" id="pp-id-5201"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5770"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6339"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6908"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8361"><div id="pp-id-7498"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7789"><div id="pp-id-5202"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5771"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6340"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6909"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">DSV </span><span class="pp-class-182 pa t45292 l7682">Air </span><span class="pp-class-182 pa t45292 l45249">&amp; </span><span class="pp-class-182 pa t45292 l45250 ls226">Sea </span><span class="pp-class-182 pa t45292 l45251 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46265 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">Public </span><span class="pp-class-182 pa t45294 l46266 ls147">warehousing </span><span class="pp-class-182 pa t45294 l46267 ls1378">Company </span><span class="pp-class-182 pa t45487 l3 ls1122">-Jordan </span><span class="pp-class-182 pa t45487 l46268">PSC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46265 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8306"><div id="pp-id-7190"><div class="pp-class-189" id="pp-id-5196"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5765"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6334"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6903"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">Public </span><span class="pp-class-182 pa t45490 l46266 ls1853">Warehousing </span><span class="pp-class-182 pa t45490 l46269 ls1378">Company </span><span class="pp-class-182 pa t45490 l46270 ls3681">for </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45982 l3 ls1674">Storage </span><span class="pp-class-182 pa t45982 l46271">and </span><span class="pp-class-182 pa t45982 l46272 ls455">Distribution </span><span class="pp-class-182 pa t45982 l46273 ls2103">Services</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l46265 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8116"><div id="pp-id-7496"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7787"><div id="pp-id-5197"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5766"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6335"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6904"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l3">Public </span><span class="pp-class-182 pa t45902 l46266 ls147">warehousing </span><span class="pp-class-182 pa t45902 l46267 ls1378">Company </span><span class="pp-class-182 pa t46274 l3 ls1122">-Jordan </span><span class="pp-class-182 pa t46274 l46268">PSC </span><span class="pp-class-182 pa t46274 l46275">- </span><span class="pp-class-182 pa t46274 l46276">Aqaba </span><span class="pp-class-182 pa t46274 l14733 ls147">Branch</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l46265 ls2432">Jordan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45902 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8356"><div id="pp-id-7497"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7788"><div id="pp-id-5198"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5767"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6336"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6905"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46277 l3">DSV </span><span class="pp-class-182 pa t46277 l7682">Air </span><span class="pp-class-182 pa t46277 l45249">&amp; </span><span class="pp-class-182 pa t46277 l45250 ls226">Sea </span><span class="pp-class-182 pa t46277 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46277 l46278 ls52">Kenya</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46277 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8427"><div id="pp-id-7191"><div class="pp-class-189" id="pp-id-5199"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5768"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6337"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6906"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45989 l3 ls853">Panalpina </span><span class="pp-class-182 pa t45989 l45261 ls2432">Kenya </span><span class="pp-class-182 pa t45989 l46279 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45989 l46278 ls52">Kenya</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45989 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8428"><div id="pp-id-7192"><div class="pp-class-189" id="pp-id-5200"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5769"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6338"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6907"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45906 l45306 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l46278 ls52">Kenya</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45906 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l3">DSV </span><span class="pp-class-182 pa t45437 l7682">Holding </span><span class="pp-class-182 pa t45437 l45416 ls3681">for </span><span class="pp-class-182 pa t45437 l46280 ls1378">Company </span><span class="pp-class-182 pa t45437 l46281 ls394">Business </span><span class="pp-class-182 pa t46282 l3 ls205">Management </span><span class="pp-class-182 pa t46282 l46283 ls1094">W.L.L</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45437 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46285 l3">Global </span><span class="pp-class-182 pa t46285 l46196 ls239">Logistics </span><span class="pp-class-182 pa t46285 l46286 ls3681">for </span><span class="pp-class-182 pa t46285 l46287 ls826">General </span><span class="pp-class-182 pa t46285 l46288 ls7025">Trading </span><span class="pp-class-182 pa t46289 l3">and </span><span class="pp-class-182 pa t46289 l16556 ls226">Contracting </span><span class="pp-class-182 pa t46289 l46290 ls1849">Co. </span><span class="pp-class-182 pa t46289 l46291">WLL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46285 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46285 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8430"><div id="pp-id-7499"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7790"><div id="pp-id-5203"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5772"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6341"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6910"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46292 l3">DSV </span><span class="pp-class-182 pa t46292 l7682">Air </span><span class="pp-class-182 pa t46292 l45249">&amp; </span><span class="pp-class-182 pa t46292 l45250 ls226">Sea </span><span class="pp-class-182 pa t46292 l45251 ls1849">Co. </span><span class="pp-class-182 pa t46292 l46293 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46292 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46292 l46294 ls1853">49.0%</span></p></div><div><div id="pp-id-8431"><div id="pp-id-7193"><div class="pp-class-189" id="pp-id-5204"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5773"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6342"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6911"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46295 l3">DSV </span><span class="pp-class-182 pa t46295 l7682">A&amp;S </span><span class="pp-class-182 pa t46295 l46296 ls3681">for </span><span class="pp-class-182 pa t46295 l46297">Shipping </span><span class="pp-class-182 pa t46295 l46298">and </span><span class="pp-class-182 pa t46295 l46226 ls18249">Transport  </span><span class="pp-class-182 pa t46299 l3 ls1094">W.L.L</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46295 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46295 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8432"><div id="pp-id-4692"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7032"><div class="pp-class-189" id="pp-id-5205"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5774"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6343"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6912"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46300 l3">DSV </span><span class="pp-class-182 pa t46300 l7682 ls1378">Contract </span><span class="pp-class-182 pa t46300 l30584 ls239">Logistics </span><span class="pp-class-182 pa t46300 l45259 ls3681">for </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46301 l3 ls1853">Warehousing </span><span class="pp-class-182 pa t46301 l46302 ls1849">Co. </span><span class="pp-class-182 pa t46301 l46303 ls2660">S.P.C.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46300 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46300 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46304 l3">GIL </span><span class="pp-class-182 pa t46304 l45522 ls239">Logistics </span><span class="pp-class-182 pa t46304 l46085 ls3782">Cargo </span><span class="pp-class-182 pa t46304 l46305 ls6801">Transport </span><span class="pp-class-182 pa t46304 l46306 ls1094">W.L.L</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46304 l46284 ls1502">Kuwait</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46304 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l3 ls3593">Agility </span><span class="pp-class-182 pa t46307 l45539 ls1728">Freight </span><span class="pp-class-182 pa t46307 l7722 ls189">Forwarding </span><span class="pp-class-182 pa t46307 l46308 ls93">(Lebanon) </span><span class="pp-class-182 pa t46309 l3">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l46310 ls923">Lebanon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8435"><div id="pp-id-7194"><div class="pp-class-189" id="pp-id-5208"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5777"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6346"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6915"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46311 l3">PWC </span><span class="pp-class-182 pa t46311 l46312 ls7025">Trading </span><span class="pp-class-182 pa t46311 l45703">and </span><span class="pp-class-182 pa t46311 l46313 ls86">contracting </span><span class="pp-class-182 pa t46311 l45945 ls428">Lebanon </span><span class="pp-class-182 pa t46314 l3">SAL </span><span class="pp-class-182 pa t46314 l46315">(Holding)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46311 l46310 ls923">Lebanon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46311 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8436"><div id="pp-id-7502"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7793"><div id="pp-id-5209"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5778"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6347"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6916"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46316 l3">PWC </span><span class="pp-class-182 pa t46316 l46312 ls428">Lebanon </span><span class="pp-class-182 pa t46316 l46317">(Holding) </span><span class="pp-class-182 pa t46316 l46318">SAL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46316 l46310 ls923">Lebanon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46316 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8437"><div id="pp-id-7503"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7794"><div id="pp-id-5210"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5779"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6348"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6917"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l3">PWC </span><span class="pp-class-182 pa t46319 l46312 ls48">investments </span><span class="pp-class-182 pa t46319 l427 ls93">(Lebanon) </span><span class="pp-class-182 pa t46319 l46320">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l46310 ls923">Lebanon</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8438"><div id="pp-id-7504"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7795"><div id="pp-id-5211"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5780"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6349"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6918"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46321 l3">GIL </span><span class="pp-class-182 pa t46321 l45522 ls143">Africa </span><span class="pp-class-182 pa t46321 l46322">Holdings </span><span class="pp-class-182 pa t46321 l46323 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46321 l46324 ls394">Mauritius</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46321 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8439"><div id="pp-id-7195"><div class="pp-class-189" id="pp-id-5212"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5781"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6350"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6919"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46325 l3 ls853">Panalpina </span><span class="pp-class-182 pa t46325 l45261 ls5905">Morocco </span><span class="pp-class-182 pa t46325 l46326 ls46212">S.A.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46325 l46327 ls3187">Morocco</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46325 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8440"><div id="pp-id-7196"><div class="pp-class-189" id="pp-id-5213"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5782"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6351"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6920"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46328 l3">Global </span><span class="pp-class-182 pa t46328 l46196 ls2307">Integrated </span><span class="pp-class-182 pa t46328 l46197 ls239">Logistics </span><span class="pp-class-182 pa t46328 l46198 ls1378">Company </span><span class="pp-class-182 pa t46329 l3">SARL </span><span class="pp-class-182 pa t46329 l46330 ls428">AU</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46328 l46327 ls3187">Morocco</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46328 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8441"><div id="pp-id-7197"><div class="pp-class-189" id="pp-id-5214"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5783"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6352"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6921"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46331 l3">DSV </span><span class="pp-class-182 pa t46331 l7682 ls6801">Transport </span><span class="pp-class-182 pa t46331 l14131">Int'l </span><span class="pp-class-182 pa t46331 l46332">S.A</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46331 l46327 ls3187">Morocco</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46331 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8442"><div id="pp-id-7198"><div class="pp-class-189" id="pp-id-5215"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5784"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6353"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6922"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46333 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46333 l45306 ls4384">Maroc </span><span class="pp-class-182 pa t46333 l46334 ls45840">S.A.S</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46333 l46327 ls3187">Morocco</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46333 l45796 ls2836">100.0%</span></p></div></div></div><div class="pp-class-4" id="pp-id-8459" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h45411 pa t2 l3 wtro4 xx45412 tro6 xx45413"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682">Air </span><span class="pp-class-182 pa t45198 l45249">&amp; </span><span class="pp-class-182 pa t45198 l45250 ls226">Sea </span><span class="pp-class-182 pa t45198 l45251 ls86">Limitada</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46335 ls853">Mozambique</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45796 ls2836">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8069"><div id="pp-id-7199"><div class="pp-class-189" id="pp-id-5217"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5786"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6355"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6924"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8117"><div class="pp-class-189" id="pp-id-7506"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7797"><div class="pp-class-189" id="pp-id-5220"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5789"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6358"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6927"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8211"><div id="pp-id-7507"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7798"><div id="pp-id-5221"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5790"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6359"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6928"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8126"><div id="pp-id-4693"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7033"><div class="pp-class-189" id="pp-id-5224"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5793"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6362"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6931"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8145"><div id="pp-id-7509"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7800"><div id="pp-id-5235"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5804"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6373"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6942"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3">GIL </span><span class="pp-class-182 pa t45292 l45522 ls180">Mozambique, </span><span class="pp-class-182 pa t45292 l46336 ls5508">LDA</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46335 ls853">Mozambique</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-7232"><div id="pp-id-7200"><div class="pp-class-189" id="pp-id-5218"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5787"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6356"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6925"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306">South </span><span class="pp-class-182 pa t45294 l46337 ls143">Africa </span><span class="pp-class-182 pa t45294 l46338 ls4088">(PTY) </span><span class="pp-class-182 pa t45294 l46339 ls3325">LTD </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45487 l3 ls117">(Maputo </span><span class="pp-class-182 pa t45487 l46340 ls2476">Branch)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46335 ls853">Mozambique</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8307"><div id="pp-id-7201"><div class="pp-class-189" id="pp-id-5219"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5788"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6357"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6926"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l3">DSV </span><span class="pp-class-182 pa t45490 l7682">Air </span><span class="pp-class-182 pa t45490 l45249">and </span><span class="pp-class-182 pa t45490 l46034 ls226">Sea </span><span class="pp-class-182 pa t45490 l46035 ls2959">(Pty) </span><span class="pp-class-182 pa t45490 l38393 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l46341">Namibia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45490 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3">Globeflight </span><span class="pp-class-182 pa t45422 l46342 ls1740">Worldwide </span><span class="pp-class-182 pa t45422 l46343 ls3342">Express </span><span class="pp-class-182 pa t45902 l3 ls2959">(Pty) </span><span class="pp-class-182 pa t45902 l46344 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l46341">Namibia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l3">DSV </span><span class="pp-class-182 pa t45493 l7682 ls1728">Freight </span><span class="pp-class-182 pa t45493 l46345 ls149">International </span><span class="pp-class-182 pa t45493 l46346 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l19096">Nigeria</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8335"><div id="pp-id-7202"><div class="pp-class-189" id="pp-id-5222"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5791"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6360"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6929"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l3">DSV </span><span class="pp-class-182 pa t45430 l7682">Air </span><span class="pp-class-182 pa t45430 l45249">and </span><span class="pp-class-182 pa t45430 l46034 ls226">Sea </span><span class="pp-class-182 pa t45430 l46035 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l46347">Oman</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45430 l46294 ls1853">70.0%</span></p></div><div><div id="pp-id-8124"><div id="pp-id-7203"><div class="pp-class-189" id="pp-id-5223"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5792"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6361"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6930"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3">Global </span><span class="pp-class-182 pa t45432 l46196 ls239">Logistics </span><span class="pp-class-182 pa t45432 l46286">(Oman) </span><span class="pp-class-182 pa t45432 l46318 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l46347">Oman</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l46294 ls1853">50.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45434 l45306">Khimji's </span><span class="pp-class-182 pa t45434 l46348 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l46347">Oman</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l46294 ls1853">60.0%</span></p></div><div><div id="pp-id-8445"><div class="pp-class-189" id="pp-id-7508"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7799"><div class="pp-class-189" id="pp-id-5225"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5794"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6363"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6932"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l3">DSV </span><span class="pp-class-182 pa t45844 l7682">Air </span><span class="pp-class-182 pa t45844 l45249">and </span><span class="pp-class-182 pa t45844 l46034 ls226">Sea </span><span class="pp-class-182 pa t45844 l46035">Shipping </span><span class="pp-class-182 pa t45844 l46349">WLL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l46350 ls189">Qatar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45844 l46294 ls1853">49.0%</span></p></div><div><div id="pp-id-8314"><div id="pp-id-7204"><div class="pp-class-189" id="pp-id-5226"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5795"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6364"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6933"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l3">DSV </span><span class="pp-class-182 pa t45846 l7682 ls853">Panalpina </span><span class="pp-class-182 pa t45846 l46351 ls455">Marine </span><span class="pp-class-182 pa t45846 l46352">Shipping </span><span class="pp-class-182 pa t45846 l46353 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l46350 ls189">Qatar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45846 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8447"><div id="pp-id-7205"><div class="pp-class-189" id="pp-id-5227"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5796"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6365"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6934"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46092 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46092 l45550 ls11703">W.L.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l46350 ls189">Qatar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46092 l46294 ls1853">49.0%</span></p></div><div><div id="pp-id-8448"><div id="pp-id-4694"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7034"><div class="pp-class-189" id="pp-id-5228"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5797"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6366"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6935"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46093 l45306 ls946">Ocean </span><span class="pp-class-182 pa t46093 l46354 ls1728">Freight </span><span class="pp-class-182 pa t46093 l46355 ls3185">Services </span><span class="pp-class-182 pa t46093 l46356">WLL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l46350 ls189">Qatar</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46093 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8449"><div id="pp-id-7206"><div class="pp-class-189" id="pp-id-5229"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5798"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6367"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6936"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l3">DSV </span><span class="pp-class-182 pa t46094 l7682">Air </span><span class="pp-class-182 pa t46094 l45249">and </span><span class="pp-class-182 pa t46094 l46034 ls226">Sea </span><span class="pp-class-182 pa t46094 l46035 ls3681">for </span><span class="pp-class-182 pa t46094 l46357 ls239">Logistics </span><span class="pp-class-182 pa t46094 l46358 ls3185">Services </span><span class="pp-class-182 pa t45448 l3 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l46359">Saudi </span><span class="pp-class-182 pa t46094 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46094 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8450"><div id="pp-id-7901"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEoAAAAaCAYAAAAQXsqGAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAUklEQVRYR+3QMQEAIAzAMMC/53EggApI7l7dM7P4O7+Ax6jIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMioyKjIqMio6AJRaQMxRpU/ZAAAAABJRU5ErkJggg=="/></div><div id="pp-id-7937"><div class="pp-class-189" id="pp-id-5230"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5799"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6368"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6937"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l3 ls1849">Regional </span><span class="pp-class-182 pa t45450 l46361 ls48">Headquarter </span><span class="pp-class-182 pa t45450 l46362">of </span><span class="pp-class-182 pa t45450 l46363">DSV </span><span class="pp-class-182 pa t45450 l46364 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l46359">Saudi </span><span class="pp-class-182 pa t45450 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45450 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8451"><div id="pp-id-7207"><div class="pp-class-189" id="pp-id-5231"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5800"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6369"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6938"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45452 l45306">Saudi </span><span class="pp-class-182 pa t45452 l46365 ls2476">Arabia </span><span class="pp-class-182 pa t45452 l46366 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l46359">Saudi </span><span class="pp-class-182 pa t45452 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45452 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8452"><div id="pp-id-4695"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7035"><div class="pp-class-189" id="pp-id-5232"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5801"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6370"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6939"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l3">DSV </span><span class="pp-class-182 pa t45453 l7682">Solutions </span><span class="pp-class-182 pa t45453 l45351 ls3681">for </span><span class="pp-class-182 pa t45453 l46367 ls239">Logistics </span><span class="pp-class-182 pa t45453 l46368 ls3185">Services </span><span class="pp-class-182 pa t45509 l3 ls143">Company</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l46359">Saudi </span><span class="pp-class-182 pa t45453 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45453 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8453"><div id="pp-id-4696"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7036"><div class="pp-class-189" id="pp-id-5233"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5802"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6371"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6940"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l3">DSV </span><span class="pp-class-182 pa t45510 l7682">South </span><span class="pp-class-182 pa t45510 l46369 ls143">Africa </span><span class="pp-class-182 pa t45510 l46303 ls2959">(Pty) </span><span class="pp-class-182 pa t45510 l46370 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l46371">South </span><span class="pp-class-182 pa t45510 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45510 l46294 ls1853">75.0%</span></p></div><div><div id="pp-id-8142"><div id="pp-id-7208"><div class="pp-class-189" id="pp-id-5234"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5803"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6372"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6941"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l3">DSV </span><span class="pp-class-182 pa t45512 l7682 ls1418">Shared </span><span class="pp-class-182 pa t45512 l46048 ls3185">Services </span><span class="pp-class-182 pa t45512 l46049 ls2959">(Pty) </span><span class="pp-class-182 pa t45512 l27814 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l46371">South </span><span class="pp-class-182 pa t45512 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45512 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l3 ls164">UTi </span><span class="pp-class-182 pa t45514 l45546 ls239">Logistics </span><span class="pp-class-182 pa t45514 l45758 ls1122">(Proprietary) </span><span class="pp-class-182 pa t45514 l45788 ls704">Limited </span><span class="pp-class-182 pa t46373 l3">- </span><span class="pp-class-182 pa t46373 l45265">SC </span><span class="pp-class-182 pa t46373 l46374">OCS </span><span class="pp-class-182 pa t46373 l46375">Division</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l46371">South </span><span class="pp-class-182 pa t45514 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45514 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8148"><div id="pp-id-7510"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7801"><div id="pp-id-5236"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5805"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6374"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6943"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46003 l3">DSV </span><span class="pp-class-182 pa t46003 l7682 ls2745">AFRICA </span><span class="pp-class-182 pa t46003 l46376">HOLDING </span><span class="pp-class-182 pa t46003 l46377 ls2959">(Pty) </span><span class="pp-class-182 pa t46003 l42046 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46003 l46371">South </span><span class="pp-class-182 pa t46003 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46003 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8454"><div id="pp-id-7209"><div class="pp-class-189" id="pp-id-5237"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5806"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6375"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6944"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l3">DSV </span><span class="pp-class-182 pa t46005 l7682 ls3995">Skyservices </span><span class="pp-class-182 pa t46005 l46378 ls2959">(Pty) </span><span class="pp-class-182 pa t46005 l46379 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l46371">South </span><span class="pp-class-182 pa t46005 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46005 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8455"><div id="pp-id-7210"><div class="pp-class-189" id="pp-id-5238"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5807"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6376"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6945"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l3">DSV </span><span class="pp-class-182 pa t46008 l7682 ls6634">Real </span><span class="pp-class-182 pa t46008 l30184 ls2432">Estate </span><span class="pp-class-182 pa t46008 l45298 ls187">Johannesburg </span><span class="pp-class-182 pa t45882 l3 ls2959">(Pty) </span><span class="pp-class-182 pa t45882 l46344 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l46371">South </span><span class="pp-class-182 pa t46008 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46008 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8456"><div id="pp-id-7211"><div class="pp-class-189" id="pp-id-5239"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5808"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6377"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6946"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l3 ls1740">Firefly </span><span class="pp-class-182 pa t45884 l46256 ls48">Investments </span><span class="pp-class-182 pa t45884 l46380">337 </span><span class="pp-class-182 pa t45884 l46381 ls59">Properties </span><span class="pp-class-182 pa t46259 l3 ls2061">Proprietary </span><span class="pp-class-182 pa t46259 l46382 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l46371">South </span><span class="pp-class-182 pa t45884 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45884 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8457"><div id="pp-id-7212"><div class="pp-class-189" id="pp-id-5240"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5809"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6378"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6947"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l3">Linkit </span><span class="pp-class-182 pa t46383 l46384 ls48">lnvestments </span><span class="pp-class-182 pa t46383 l45387 ls2959">(Pty) </span><span class="pp-class-182 pa t46383 l46385 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l46371">South </span><span class="pp-class-182 pa t46383 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8458"><div id="pp-id-7213"><div class="pp-class-189" id="pp-id-5241"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5810"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6379"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6948"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8471" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46387 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45198 l45306">South </span><span class="pp-class-182 pa t45198 l46337 ls143">Africa </span><span class="pp-class-182 pa t45198 l46338 ls2959">(Pty) </span><span class="pp-class-182 pa t45198 l46388 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46371">South </span><span class="pp-class-182 pa t45198 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45796 ls2836">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7233"><div id="pp-id-7214"><div class="pp-class-189" id="pp-id-5243"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5812"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6381"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6950"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7831"><div id="pp-id-7511"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7802"><div id="pp-id-5245"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5814"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6383"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6952"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8461"><div id="pp-id-7514"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7805"><div id="pp-id-5249"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5818"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6387"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6956"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7045"><div id="pp-id-4697"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7037"><div class="pp-class-189" id="pp-id-5242"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5811"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6380"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6949"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8135"><div id="pp-id-7517"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7808"><div id="pp-id-5254"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5823"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6392"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6961"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls8044">BAX </span><span class="pp-class-182 pa t45292 l46389">Global </span><span class="pp-class-182 pa t45292 l46390 ls78">(Pty.) </span><span class="pp-class-182 pa t45292 l46391 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l46371">South </span><span class="pp-class-182 pa t45292 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45294 l45306 ls149">International </span><span class="pp-class-182 pa t45294 l45861 ls2959">(Pty) </span><span class="pp-class-182 pa t45294 l46392 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l46371">South </span><span class="pp-class-182 pa t45294 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8308"><div id="pp-id-7215"><div class="pp-class-189" id="pp-id-5244"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5813"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6382"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6951"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3">DSV </span><span class="pp-class-182 pa t45295 l7682 ls147">Healthcare </span><span class="pp-class-182 pa t45295 l46393 ls2959">(Pty) </span><span class="pp-class-182 pa t45295 l39358 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l46371">South </span><span class="pp-class-182 pa t45295 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3">DSV </span><span class="pp-class-182 pa t45297 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45297 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45422 l3 ls2061">Proprietary </span><span class="pp-class-182 pa t45422 l46382 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l46371">South </span><span class="pp-class-182 pa t45297 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-7841"><div id="pp-id-7512"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7803"><div id="pp-id-5246"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5815"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6384"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6953"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3">DSV </span><span class="pp-class-182 pa t45424 l7682 ls3593">Assembly </span><span class="pp-class-182 pa t45424 l16359 ls3185">Services </span><span class="pp-class-182 pa t45424 l46394 ls2959">(Pty) </span><span class="pp-class-182 pa t45424 l46395 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l46371">South </span><span class="pp-class-182 pa t45424 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l46294 ls1853">65.3%</span></p></div><div><div id="pp-id-8073"><div id="pp-id-7513"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7804"><div id="pp-id-5247"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5816"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6385"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6954"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l3">DB </span><span class="pp-class-182 pa t45427 l45269 ls1849">Schenker </span><span class="pp-class-182 pa t45427 l45270 ls239">Logistics </span><span class="pp-class-182 pa t45427 l46396 ls2103">Campus </span><span class="pp-class-182 pa t45430 l3 ls4265">MEA </span><span class="pp-class-182 pa t45430 l36613 ls2959">(Pty) </span><span class="pp-class-182 pa t45430 l46397 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l46371">South </span><span class="pp-class-182 pa t45427 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45427 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8460"><div id="pp-id-4698"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7038"><div class="pp-class-189" id="pp-id-5248"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5817"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6386"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6955"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l3">DSV </span><span class="pp-class-182 pa t45432 l7682 ls107">Road </span><span class="pp-class-182 pa t45432 l45253 ls2959">(Pty) </span><span class="pp-class-182 pa t45432 l46398 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l46371">South </span><span class="pp-class-182 pa t45432 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45432 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l3">Globeflight </span><span class="pp-class-182 pa t45434 l46342 ls1740">Worldwide </span><span class="pp-class-182 pa t45434 l46343 ls3342">Express </span><span class="pp-class-182 pa t45434 l46399 ls3968">(SA) </span><span class="pp-class-182 pa t45437 l3 ls46400">Pty </span><span class="pp-class-182 pa t45437 l45749 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l46371">South </span><span class="pp-class-182 pa t45434 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45434 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8446"><div id="pp-id-7515"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7806"><div id="pp-id-5250"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5819"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6388"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6957"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l3 ls1217">Mercury </span><span class="pp-class-182 pa t45438 l46401 ls556">Couriers </span><span class="pp-class-182 pa t45438 l46402 ls2959">(Pty) </span><span class="pp-class-182 pa t45438 l46403 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l46371">South </span><span class="pp-class-182 pa t45438 l46372 ls70">Africa</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45438 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8363"><div id="pp-id-7516"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7807"><div id="pp-id-5251"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-5820"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div id="pp-id-6389"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6958"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45440 l45306 ls239">Logistics </span><span class="pp-class-182 pa t45440 l45550">&amp; </span><span class="pp-class-182 pa t45440 l46404 ls1728">Freight </span><span class="pp-class-182 pa t46405 l3 ls14867">Tanzania </span><span class="pp-class-182 pa t46405 l46406 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l46407 ls7116">Tanzania</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45440 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8084"><div id="pp-id-7216"><div class="pp-class-189" id="pp-id-5252"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5821"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6390"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6959"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45500 l3 ls1849">Schenker </span><span class="pp-class-182 pa t45500 l45306 ls704">Limited </span><span class="pp-class-182 pa t45500 l46348">(Uganda </span><span class="pp-class-182 pa t45500 l46234 ls2476">Branch)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45500 l46408">Uganda</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45500 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8462"><div id="pp-id-7217"><div class="pp-class-189" id="pp-id-5253"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5822"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6391"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6960"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l3">GIL </span><span class="pp-class-182 pa t45501 l45522 ls1728">INTERNATIONAL </span><span class="pp-class-182 pa t45501 l46409">HOLDINGS </span><span class="pp-class-182 pa t45501 l46410">I </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46411 l3">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l46412 ls117">United </span><span class="pp-class-182 pa t45501 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46411 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45501 l45796 ls2836">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45859 l3">GIL </span><span class="pp-class-182 pa t45859 l45522 ls1728">INTERNATIONAL </span><span class="pp-class-182 pa t45859 l46409">HOLDINGS </span><span class="pp-class-182 pa t45859 l46410">II </span><span class="pp-class-182 pa t46415 l3">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45859 l46412 ls117">United </span><span class="pp-class-182 pa t45859 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46415 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45859 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8463"><div id="pp-id-7518"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7809"><div id="pp-id-5255"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5824"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6393"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6962"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46416 l3">GIL </span><span class="pp-class-182 pa t46416 l45522 ls1728">INTERNATIONAL </span><span class="pp-class-182 pa t46416 l46409">HOLDINGS </span><span class="pp-class-182 pa t46416 l46410">III </span><span class="pp-class-182 pa t46307 l3">LIMITED</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46416 l46412 ls117">United </span><span class="pp-class-182 pa t46416 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46307 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46416 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8464"><div id="pp-id-7519"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7810"><div id="pp-id-5256"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5825"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6394"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6963"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAsklEQVQoU5XRsW3CUBSF4Y+HFCUFIhvAJtCmYwM8ApILS66oLLmwlBHeCFkhilBaMgIbwAQvxTNCRAk4f/3fe4/OHaWUQNN2c2yxduGEN2zqqjzCKKWkabsCr5j6nROWdVXuxw9Pk3m/5S8ZHvHysfuMQY5xSz4zQxFcZ77HKtwzfrD474AgNzCU9yA3NJQYsDHsylddlTH0H1zicEvunfxpaNruGQVWWMhX94h1Vcbz5DfNHS8D3TUEzgAAAABJRU5ErkJggg=="/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l3">DSV </span><span class="pp-class-182 pa t46417 l7682 ls1378">Contract </span><span class="pp-class-182 pa t46417 l30584 ls239">Logistics </span><span class="pp-class-182 pa t46417 l45259 ls3681">DWC-LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l46412 ls117">United </span><span class="pp-class-182 pa t46417 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46311 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8465"><div id="pp-id-7520"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7811"><div id="pp-id-5257"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5826"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6395"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6964"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46418 l3 ls853">Panalpina </span><span class="pp-class-182 pa t46418 l45261">Jebel </span><span class="pp-class-182 pa t46418 l46419">Ali </span><span class="pp-class-182 pa t46418 l46420 ls2061">Ltd.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46418 l46412 ls117">United </span><span class="pp-class-182 pa t46418 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46316 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46418 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8466"><div id="pp-id-7218"><div class="pp-class-189" id="pp-id-5258"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5827"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6396"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6965"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l3 ls5278">DSV </span><span class="pp-class-182 pa t46319 l46421 ls19121">Gulf </span><span class="pp-class-182 pa t46319 l46422 ls2818">Customs </span><span class="pp-class-182 pa t46319 l46423 ls5295">Broker </span><span class="pp-class-182 pa t46319 l39156 ls6611">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l46412 ls117">United </span><span class="pp-class-182 pa t46319 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46424 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46319 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8467"><div id="pp-id-7219"><div class="pp-class-189" id="pp-id-5259"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5828"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6397"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6966"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46425 l3 ls6357">DSV </span><span class="pp-class-182 pa t46425 l45240 ls2500">Air </span><span class="pp-class-182 pa t46425 l45798 ls6357">and </span><span class="pp-class-182 pa t46425 l46426 ls228">Sea </span><span class="pp-class-182 pa t46425 l46427 ls14867">DWC-LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46425 l46412 ls117">United </span><span class="pp-class-182 pa t46425 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46428 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46425 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8468"><div id="pp-id-7220"><div class="pp-class-189" id="pp-id-5260"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5829"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6398"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6967"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46429 l3">DSV </span><span class="pp-class-182 pa t46429 l7682">Air </span><span class="pp-class-182 pa t46429 l45249">and </span><span class="pp-class-182 pa t46429 l46034 ls226">Sea </span><span class="pp-class-182 pa t46429 l46035">Middle </span><span class="pp-class-182 pa t46429 l46430 ls107">East </span><span class="pp-class-182 pa t46429 l46431 ls3681">DWC-LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46429 l46412 ls117">United </span><span class="pp-class-182 pa t46429 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46432 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46429 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8469"><div id="pp-id-7221"><div class="pp-class-189" id="pp-id-5261"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5830"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6399"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6968"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46433 l3">DSV </span><span class="pp-class-182 pa t46433 l7682">Solutions </span><span class="pp-class-182 pa t46433 l45351 ls15733">PJSC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46433 l46412 ls117">United </span><span class="pp-class-182 pa t46433 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46434 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46433 l45796 ls2836">100.0%</span></p></div><div><div id="pp-id-8470"><div id="pp-id-4699"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7039"><div class="pp-class-189" id="pp-id-5262"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5831"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6400"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6969"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div></div></div><div class="pp-class-4" id="pp-id-8480" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46435 pa t2 l3 wtro4 xx45289 tro6 xx45290"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">DSV </span><span class="pp-class-182 pa t45198 l7682 ls1378">Contract </span><span class="pp-class-182 pa t45198 l30584 ls239">Logistics </span><span class="pp-class-182 pa t45198 l45259 ls46436">L.L.C.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l46412 ls117">United </span><span class="pp-class-182 pa t45198 l46413 ls1444">Arab </span><span class="pp-class-182 pa t45234 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45796 ls2836">100.0%</span></p></div><table><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8478"><div id="pp-id-7222"><div class="pp-class-189" id="pp-id-5270"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5839"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6408"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6977"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8475"><div class="pp-class-189" id="pp-id-7522"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVklEQVRoQ+3QMRHAMBDAsDT8SRXZl0FzF6/S7MnPzMzi1rtPBf8MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw+994E8Zli+K8AAAAASUVORK5CYII="/></div><div id="pp-id-7813"><div class="pp-class-189" id="pp-id-5267"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5836"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6405"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-6974"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAfUlEQVQoU5WRUQ3DMAwF34IgEAKhkAohkAphEBYGhTAIKYLrR23J29SmOylSlNyTLVuA7BRg4ZNub9k9l2f7PKMDkwfKQHbeQBa/bVxRHwC6T/s3oDQSvkmStpEUaEnSc2QFFnEs5c5YV8LiJo45X8k5BrxSBV4mdbvPwdEOqW4/neey1TAAAAAASUVORK5CYII="/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-8472"><div id="pp-id-7521"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7812"><div id="pp-id-5264"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5833"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6402"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6971"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr><tr><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"/><td xmlns="http://www.w3.org/1999/xhtml"><div id="pp-id-7046"><div id="pp-id-4700"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7040"><div class="pp-class-189" id="pp-id-5263"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5832"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6401"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6970"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></td></tr></table><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l3">DSV </span><span class="pp-class-182 pa t45582 l7682">Solutions </span><span class="pp-class-182 pa t45582 l45351">MENA </span><span class="pp-class-182 pa t45582 l46437">FZE</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l46412 ls117">United </span><span class="pp-class-182 pa t45582 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46438 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45582 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46439 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46439 l45306">Middle </span><span class="pp-class-182 pa t46439 l46440 ls107">East </span><span class="pp-class-182 pa t46439 l46441">FZE</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46439 l46412 ls117">United </span><span class="pp-class-182 pa t46439 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46442 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46439 l45247">100.0%</span></p></div><div><div id="pp-id-8473"><div id="pp-id-4701"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7041"><div class="pp-class-189" id="pp-id-5265"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5834"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6403"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6972"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46443 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46443 l45306 ls38525">(L.L.C)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46443 l46412 ls117">United </span><span class="pp-class-182 pa t46443 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46444 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46443 l45247">100.0%</span></p></div><div><div id="pp-id-8474"><div id="pp-id-4702"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAE8AAAAaCAYAAAD2dwHCAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAVElEQVRoQ+3QsQ0AIRDAsOf33/mYACGR1q5TZc3Mx5v/FnBmXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF5gXmBeYF6wAZqDAzHw7JUZAAAAAElFTkSuQmCC"/></div><div id="pp-id-7042"><div class="pp-class-189" id="pp-id-5266"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div class="pp-class-189" id="pp-id-5835"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAqElEQVQoU5XRwW3CQBRF0eNpACQXAJIbSAdMCXQQl0AJKSEluAQ6wHTg7PGCfSxBBcNiQAgEsXPX9+l/vVeklEDbD0t84dOdM7bYxKo8QZFS0vZDjW/MvOaMGKuyK3aH3yW6P+QbR3wE+Y0xGRaog8efx1iHMeOJ1X8DgtzAVPZB7nkqTcDGtCs/sSqbcF0wyj2/la9OXhrafpijxhor+WqHJlZlc0teAH/oLYGQI+TmAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6404"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6973"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46445 l3 ls1849">Schenker </span><span class="pp-class-182 pa t46445 l45306 ls239">Logistics </span><span class="pp-class-182 pa t46445 l45550">- </span><span class="pp-class-182 pa t46445 l46029 ls2781">L.L.C </span><span class="pp-class-182 pa t46445 l46446">- </span><span class="pp-class-182 pa t46445 l46447 ls2259">S.P.C</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46445 l46412 ls117">United </span><span class="pp-class-182 pa t46445 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46448 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46445 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46449 l3">DSV </span><span class="pp-class-182 pa t46449 l7682 ls1378">Contract </span><span class="pp-class-182 pa t46449 l30584 ls239">Logistics </span><span class="pp-class-182 pa t46449 l45259">FZE</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46449 l46412 ls117">United </span><span class="pp-class-182 pa t46449 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46450 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46449 l45247">100.0%</span></p></div><div><div id="pp-id-8476"><div id="pp-id-7523"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7814"><div id="pp-id-5268"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5837"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6406"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6975"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46451 l3">DSV </span><span class="pp-class-182 pa t46451 l7682 ls7427">FAIRS </span><span class="pp-class-182 pa t46451 l46452">&amp; </span><span class="pp-class-182 pa t46451 l46453 ls2103">EVENTS </span><span class="pp-class-182 pa t46451 l46454 ls46455">L.L.C</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46451 l46412 ls117">United </span><span class="pp-class-182 pa t46451 l46413 ls1444">Arab </span><span class="pp-class-182 pa t46456 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46451 l45247">100.0%</span></p></div><div><div id="pp-id-8477"><div id="pp-id-7524"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAFAAAAAaCAYAAAAg0tunAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAU0lEQVRoQ+3QsQ0AIRDAsOf33/nYACTS2nWqrJn5ePffAs4MjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIwMjAyMDIw23FIDMbd1p5wAAAAASUVORK5CYII="/></div><div id="pp-id-7815"><div id="pp-id-5269"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-5838"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div class="pp-class-189" id="pp-id-6407"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAApklEQVQoU5XRsXHCQBRF0aNtACpAKsEdQKqMxEpRCZTgEihBsSIiK3YHooTtwFSwBAvD2ANI3Pi++X/eK1JKYGjKCl/YuXPGEfu6j79QpJQMTdnigIXHnLGp+zgW35+rCuML+UbER5DfmJKhRBv8/XmKbZgy/rF+NyDIDczlJ8g9z6UL2Jt35VT3sQvXBTdyz0/lq5OXhqEpl2ixxVq+OqKr+9jdkhdocy7fVtTJxwAAAABJRU5ErkJggg=="/></div><div id="pp-id-6976"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46457 l3">DSV </span><span class="pp-class-182 pa t46457 l7682">Air </span><span class="pp-class-182 pa t46457 l45249">&amp; </span><span class="pp-class-182 pa t46457 l45250 ls226">Sea </span><span class="pp-class-182 pa t46457 l45251 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46457 l46458 ls70">Zambia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46457 l45247">100.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46459 l3">DSV </span><span class="pp-class-182 pa t46459 l7682">Air </span><span class="pp-class-182 pa t46459 l45249">&amp; </span><span class="pp-class-182 pa t46459 l45250 ls226">Sea </span><span class="pp-class-182 pa t46459 l45251 ls66">(Private) </span><span class="pp-class-182 pa t46459 l46460 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46459 l46461 ls704">Zimbabwe</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46459 l45247">100.0%</span></p></div><div><div id="pp-id-8479"><div id="pp-id-7223"><div class="pp-class-189" id="pp-id-5271"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAp0lEQVQoU5XRsY3CUBRE0eMvHEMHUMLiBqAEUke4BEqghC3B0TqlBRqwTAl0ALGDT/BBaFcsNje+o/c0k8UYQV40C+yx9eSKA3Z9W14gizHKi6bCN6Zec8W6b8sumyx/FujeyA/O+ArSG0MyzFEFv38eYhOGjD+sPg0IUgNjOQap57HUATvjrpz6tqzDfcG11PO/8t1JS0NeNDNU2GAlXe1Q921ZP5I38nwvLew2lYcAAAAASUVORK5CYII="/></div><div id="pp-id-5840"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6409"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div><div id="pp-id-6978"><img alt="" class="pp-class-187 pp-class-188" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAwAAAAMCAYAAABWdVznAAAACXBIWXMAABcRAAAXEQHKJvM/AAAAG0lEQVQoU2P8//8/AymAiZACdDCqgRgwHDQAAPVYAxWVAjtAAAAAAElFTkSuQmCC"/></div></div></div></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t46462 l3">Joint </span><span class="pp-class-184 pa t46462 l46463 ls13591">Ventures</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46464 l3 ls187">NEOM </span><span class="pp-class-182 pa t46464 l46465">DSV </span><span class="pp-class-182 pa t46464 l46466 ls239">Logistics </span><span class="pp-class-182 pa t46464 l46467 ls1378">Company </span><span class="pp-class-182 pa t46464 l46468 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46464 l46359">Saudi </span><span class="pp-class-182 pa t46464 l46360 ls147">Arabia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46464 l45304">49.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-184 pa t46304 l3 ls239">Associates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l3 ls2483">Trans-Link </span><span class="pp-class-182 pa t46307 l46469 ls951">Cambodia </span><span class="pp-class-182 pa t46307 l46470 ls1343">Ltd</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l45942 ls890">Cambodia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46307 l45304">49.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l3 ls164">Les </span><span class="pp-class-182 pa t46417 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t46417 l45409 ls977">Rochekais </span><span class="pp-class-182 pa t46417 l46471">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46417 l45304">30.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46472 l3 ls164">Les </span><span class="pp-class-182 pa t46472 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t46472 l45409 ls2380">Tourangeaux </span><span class="pp-class-182 pa t46472 l46473">SARL</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46472 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46472 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46474 l3 ls164">Les </span><span class="pp-class-182 pa t46474 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t46474 l45409 ls86">Montpellierains </span><span class="pp-class-182 pa t46474 l46475">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46474 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46474 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46247 l3 ls164">Les </span><span class="pp-class-182 pa t46247 l45408 ls140">Triporteurs </span><span class="pp-class-182 pa t46247 l45409 ls853">Parisiens </span><span class="pp-class-182 pa t46247 l22561">SAS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46247 l45388 ls2287">France</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46247 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l3 ls3342">Express </span><span class="pp-class-182 pa t46249 l46476">Air </span><span class="pp-class-182 pa t46249 l31906 ls164">Systems </span><span class="pp-class-182 pa t46249 l46477">GmbH </span><span class="pp-class-182 pa t46249 l46478 ls2030">(EASY)</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46249 l45304">50.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l3 ls158">Mesa </span><span class="pp-class-182 pa t46251 l46479 ls3181">Technologies </span><span class="pp-class-182 pa t46251 l46480">GmbH</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l45415">Germany</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46251 l45304">10.6%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l3">I.M. </span><span class="pp-class-182 pa t46255 l46481 ls1217">"Moldromukrtrans" </span><span class="pp-class-182 pa t46255 l46482 ls45513">S.R.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l45538 ls556">Moldova</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46255 l45304">33.3%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l3">AEP </span><span class="pp-class-182 pa t46258 l46483 ls239">Logistics </span><span class="pp-class-182 pa t46258 l46484 ls59">Properties </span><span class="pp-class-182 pa t46258 l46485 ls2282">Venlo </span><span class="pp-class-182 pa t46258 l46486 ls1822">B.V.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l45542 ls226">Netherlands</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46258 l45304">30.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l3 ls2282">Volla </span><span class="pp-class-182 pa t46259 l46487">Eiendom </span><span class="pp-class-182 pa t46259 l46488">AS</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l45563 ls1617">Norway</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46259 l45304">50.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l3 ls10437">Tristar </span><span class="pp-class-182 pa t46383 l46489 ls6801">Transport </span><span class="pp-class-182 pa t46383 l46490 ls66">(Private) </span><span class="pp-class-182 pa t46383 l46491 ls117">Limited</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l46072 ls921">Pakistan</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t46383 l45304">50.0%</span></p></div></div></div><div class="pp-class-4" id="pp-id-8481" xmlns="http://www.w3.org/1999/xhtml"><div class="w1459 h46492 pa t2 l3 wtro4 xx3291 tro6 xx3292"><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l3">ADRIA </span><span class="pp-class-182 pa t45198 l46493 ls3187">KOMBI </span><span class="pp-class-182 pa t45198 l46494">d.o.o., </span><span class="pp-class-182 pa t45198 l46495">Ljubljana</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l6934 ls455">Slovenia</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45198 l45304">33.7%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l3 ls13605">Trans </span><span class="pp-class-182 pa t45292 l46496">Jelabel </span><span class="pp-class-182 pa t45292 l46497 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45292 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l3">Germans </span><span class="pp-class-182 pa t45294 l46498 ls556">Corbalan </span><span class="pp-class-182 pa t45294 l46499">&amp; </span><span class="pp-class-182 pa t45294 l45794 ls143">Alvarez, </span><span class="pp-class-182 pa t45294 l46500 ls3974">S.L.</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45617">Spain</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45294 l45304">20.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l3 ls1683">Bäckebols </span><span class="pp-class-182 pa t45295 l46501 ls164">Akeri </span><span class="pp-class-182 pa t45295 l21484">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45295 l45304">35.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l3 ls2500">BTU </span><span class="pp-class-182 pa t45297 l46502">- </span><span class="pp-class-182 pa t45297 l46503">Bilspedition </span><span class="pp-class-182 pa t45297 l10344 ls2672">Transportörer </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45422 l3 ls4079">Utvecklings </span><span class="pp-class-182 pa t45422 l46504">AB</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45633 ls7427">Sweden</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45297 l45304">50.0%</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l3 ls1122">Polymer </span><span class="pp-class-182 pa t45424 l46505 ls239">Logistics </span><span class="pp-class-182 pa t45424 l46506 ls48">Investments </span><span class="pp-class-182 pa t45424 l46507 ls44876">LLC</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l46412 ls117">United </span><span class="pp-class-182 pa t45424 l46413 ls1444">Arab </span></p><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45493 l46414 ls2432">Emirates</span></p></div><div><p class="pp-class-164 pp-area-text"><span class="pp-class-182 pa t45424 l45304">36.5%</span></p></div></div></div>